Energean plc

LSE:ENOG Stock Report

Market Cap: UK£1.8b

Energean Valuation

Is ENOG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ENOG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ENOG (£9.98) is trading above our estimate of fair value (£9.27)

Significantly Below Fair Value: ENOG is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENOG?

Key metric: As ENOG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ENOG. This is calculated by dividing ENOG's market cap by their current earnings.
What is ENOG's PE Ratio?
PE Ratio8.5x
EarningsUS$273.48m
Market CapUS$2.32b

Price to Earnings Ratio vs Peers

How does ENOG's PE Ratio compare to its peers?

The above table shows the PE ratio for ENOG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.7x
ITH Ithaca Energy
13.3x-8.8%UK£1.7b
SEPL Seplat Energy
19.5x13.4%UK£1.2b
HBR Harbour Energy
48.4x14.4%UK£3.7b
SQZ Serica Energy
5.6x-19.4%UK£504.4m
ENOG Energean
8.5x7.0%UK£1.8b

Price-To-Earnings vs Peers: ENOG is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (21.7x).

Price to Earnings Ratio vs Industry

How does ENOG's PE Ratio compare vs other companies in the GB Oil and Gas Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ROSN Rosneft Oil
1.5xn/aUS$21.03b
INDI Indus Gas
0.9xn/aUS$17.76m
No more companies available in this PE range
ENOG 8.5xIndustry Avg. 9.0xNo. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENOG is good value based on its Price-To-Earnings Ratio (8.5x) compared to the UK Oil and Gas industry average (9.1x).

Price to Earnings Ratio vs Fair Ratio

What is ENOG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ENOG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.5x
Fair PE Ratio13.6x

Price-To-Earnings vs Fair Ratio: ENOG is good value based on its Price-To-Earnings Ratio (8.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ENOG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£9.98
UK£11.77
+17.9%
10.6%UK£13.25UK£10.00n/a7
Nov ’25UK£9.75
UK£11.77
+20.8%
10.6%UK£13.25UK£10.00n/a7
Oct ’25UK£9.09
UK£12.33
+35.6%
14.1%UK£15.00UK£10.00n/a8
Sep ’25UK£9.73
UK£13.54
+39.3%
9.7%UK£15.00UK£10.54n/a9
Aug ’25UK£9.68
UK£13.54
+39.9%
9.7%UK£15.00UK£10.54n/a9
Jul ’25UK£9.95
UK£14.22
+42.9%
11.1%UK£16.00UK£10.54n/a9
Jun ’25UK£11.93
UK£14.75
+23.7%
7.9%UK£17.00UK£13.00n/a8
May ’25UK£11.06
UK£14.51
+31.2%
8.4%UK£17.00UK£12.50n/a9
Apr ’25UK£10.93
UK£14.51
+32.8%
8.4%UK£17.00UK£12.50n/a9
Mar ’25UK£10.49
UK£14.79
+41.0%
10.4%UK£17.50UK£12.50n/a9
Feb ’25UK£9.37
UK£14.96
+59.7%
13.1%UK£19.00UK£12.50n/a9
Jan ’25UK£10.44
UK£15.43
+47.8%
11.0%UK£19.00UK£13.00n/a9
Dec ’24UK£10.20
UK£15.38
+50.8%
11.3%UK£19.00UK£13.00n/a9
Nov ’24UK£8.64
UK£15.42
+78.5%
11.3%UK£19.00UK£13.00UK£9.759
Oct ’24UK£11.43
UK£16.20
+41.7%
15.7%UK£21.50UK£13.00UK£9.099
Sep ’24UK£11.54
UK£16.34
+41.6%
17.3%UK£21.50UK£11.00UK£9.739
Aug ’24UK£11.37
UK£16.62
+46.2%
17.5%UK£21.50UK£11.00UK£9.689
Jul ’24UK£10.24
UK£16.90
+65.1%
16.5%UK£21.50UK£12.15UK£9.958
Jun ’24UK£11.11
UK£17.45
+57.0%
12.7%UK£21.50UK£14.60UK£11.938
May ’24UK£12.38
UK£17.89
+44.5%
13.5%UK£21.50UK£14.60UK£11.068
Apr ’24UK£13.02
UK£17.81
+36.8%
14.2%UK£21.50UK£14.00UK£10.938
Mar ’24UK£12.02
UK£17.62
+46.6%
13.6%UK£21.50UK£14.00UK£10.498
Feb ’24UK£11.74
UK£18.37
+56.5%
19.4%UK£26.00UK£14.00UK£9.378
Jan ’24UK£13.09
UK£19.60
+49.7%
16.1%UK£26.00UK£15.27UK£10.448
Dec ’23UK£14.89
UK£19.60
+31.6%
16.1%UK£26.00UK£15.27UK£10.208
Nov ’23UK£15.08
UK£18.57
+23.1%
20.7%UK£26.00UK£13.00UK£8.648

Analyst Forecast: Target price is less than 20% higher than the current share price.

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