ADNOC Gas plc

ADX:ADNOCGAS Stock Report

Market Cap: د.إ262.5b

ADNOC Gas Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 ADNOCGAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ADNOCGAS (AED3.45) is trading below our estimate of fair value (AED3.57)

Significantly Below Fair Value: ADNOCGAS is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ADNOCGAS. This is calculated by dividing ADNOCGAS's market cap by their current earnings.
What is ADNOCGAS's PE Ratio?
PE Ratio14.5x
EarningsUS$4.97b
Market CapUS$71.46b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ADNOCGAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.1x
ADNOCLS ADNOC Logistics & Services
14.6x6.9%د.إ39.7b
ADNOCDRILL ADNOC Drilling Company P.J.S.C
18.6x7.4%د.إ84.5b
MPC Marathon Petroleum
11.2x-10.4%US$50.6b
PSX Phillips 66
16.1x15.3%US$54.1b
ADNOCGAS ADNOC Gas
14.5x0.2%د.إ264.8b

Price-To-Earnings vs Peers: ADNOCGAS is good value based on its Price-To-Earnings Ratio (14.5x) compared to the peer average (15.1x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADNOCGAS 14.5xIndustry Avg. 10.5xNo. of Companies37PE0816243240+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ADNOCGAS is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the Asian Oil and Gas industry average (10.5x).

Price to Earnings Ratio vs Fair Ratio

What is ADNOCGAS'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.

ADNOCGAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.5x
Fair PE Ratio14.4x

Price-To-Earnings vs Fair Ratio: ADNOCGAS is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).

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 ADNOCGAS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentد.إ3.45
د.إ3.89
+12.7%
8.1%د.إ4.20د.إ3.13n/a12
Nov ’25د.إ3.31
د.إ3.84
+16.1%
8.2%د.إ4.20د.إ3.13n/a11
Oct ’25د.إ3.14
د.إ3.84
+22.1%
8.2%د.إ4.20د.إ3.13n/a11
Sep ’25د.إ3.09
د.إ3.90
+26.1%
5.6%د.إ4.20د.إ3.50n/a10
Aug ’25د.إ3.10
د.إ3.90
+25.7%
5.6%د.إ4.20د.إ3.50n/a10
Jul ’25د.إ2.98
د.إ3.89
+30.5%
5.4%د.إ4.20د.إ3.50n/a10
Jun ’25د.إ2.98
د.إ3.89
+30.5%
5.4%د.إ4.20د.إ3.50n/a10
May ’25د.إ2.96
د.إ3.87
+30.6%
5.3%د.إ4.20د.إ3.50n/a10
Apr ’25د.إ3.17
د.إ3.83
+20.9%
6.3%د.إ4.20د.إ3.42n/a10
Mar ’25د.إ3.16
د.إ3.83
+21.4%
6.3%د.إ4.20د.إ3.42n/a10
Feb ’25د.إ3.20
د.إ3.78
+18.2%
5.6%د.إ4.12د.إ3.42n/a9
Jan ’25د.إ3.09
د.إ3.71
+20.1%
7.4%د.إ4.12د.إ3.25n/a8
Dec ’24د.إ3.27
د.إ3.70
+13.2%
7.4%د.إ4.12د.إ3.25n/a8
Nov ’24د.إ3.16
د.إ3.70
+17.1%
7.4%د.إ4.12د.إ3.25د.إ3.318
Oct ’24د.إ3.48
د.إ3.71
+6.7%
9.5%د.إ4.12د.إ3.20د.إ3.146
Sep ’24د.إ3.45
د.إ3.71
+7.6%
9.5%د.إ4.12د.إ3.20د.إ3.096
Aug ’24د.إ3.46
د.إ3.49
+0.9%
6.5%د.إ3.90د.إ3.20د.إ3.107
Jul ’24د.إ3.08
د.إ3.49
+13.3%
6.5%د.إ3.90د.إ3.20د.إ2.987
Jun ’24د.إ3.09
د.إ3.49
+13.0%
6.5%د.إ3.90د.إ3.20د.إ2.987
May ’24د.إ3.20
د.إ3.48
+8.8%
6.7%د.إ3.90د.إ3.20د.إ2.967

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

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