Boss Energy Limited

ASX:BOE Stock Report

Market Cap: AU$1.2b

Boss Energy Valuation

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

Below Fair Value: BOE (A$2.96) is trading below our estimate of fair value (A$32.88)

Significantly Below Fair Value: BOE is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BOE. This is calculated by dividing BOE's market cap by their current earnings.
What is BOE's PE Ratio?
PE Ratio27.2x
EarningsAU$44.59m
Market CapAU$1.25b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BOE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.6x
PDN Paladin Energy
28.1x30.1%AU$2.3b
NHC New Hope
8.4x-1.3%AU$4.0b
WHC Whitehaven Coal
15.7x17.8%AU$5.6b
TER TerraCom
6xn/aAU$156.2m
BOE Boss Energy
27.2x32.1%AU$1.2b

Price-To-Earnings vs Peers: BOE is expensive based on its Price-To-Earnings Ratio (27.2x) compared to the peer average (14.6x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FAR FAR
0.8xn/aUS$29.52m
IKW Ikwezi Mining
1.7xn/aUS$12.55m
XST Xstate Resources
0.7xn/aUS$1.89m
No more companies available in this PE range
BOE 27.2xIndustry Avg. 12.7xNo. of Companies5PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BOE is expensive based on its Price-To-Earnings Ratio (27.2x) compared to the Australian Oil and Gas industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is BOE'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.

BOE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.2x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: BOE is expensive based on its Price-To-Earnings Ratio (27.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

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 BOE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.96
AU$4.46
+50.7%
24.0%AU$5.85AU$3.00n/a8
Nov ’25AU$3.44
AU$4.46
+29.7%
24.0%AU$5.85AU$3.00n/a8
Oct ’25AU$3.42
AU$4.48
+31.0%
25.4%AU$5.85AU$3.00n/a8
Sep ’25AU$2.84
AU$4.96
+74.5%
15.1%AU$5.85AU$4.00n/a7
Aug ’25AU$3.65
AU$5.11
+40.1%
15.3%AU$6.20AU$4.00n/a7
Jul ’25AU$4.07
AU$5.75
+41.3%
14.2%AU$7.10AU$4.65n/a7
Jun ’25AU$4.67
AU$5.74
+23.0%
14.4%AU$7.10AU$4.60n/a7
May ’25AU$5.14
AU$5.74
+11.7%
14.4%AU$7.10AU$4.60n/a7
Apr ’25AU$4.77
AU$5.59
+17.2%
9.3%AU$6.34AU$4.75n/a6
Mar ’25AU$4.77
AU$5.59
+17.2%
9.3%AU$6.34AU$4.75n/a6
Feb ’25AU$5.66
AU$5.55
-1.9%
10.2%AU$6.41AU$4.75n/a6
Jan ’25AU$4.03
AU$4.68
+16.1%
17.0%AU$5.69AU$3.60n/a5
Dec ’24AU$4.26
AU$4.56
+7.0%
14.5%AU$5.53AU$3.60n/a6
Nov ’24AU$4.53
AU$4.60
+1.5%
15.8%AU$5.71AU$3.60AU$3.446
Oct ’24AU$4.85
AU$4.51
-7.0%
16.8%AU$5.53AU$3.40AU$3.426
Sep ’24AU$3.59
AU$3.44
-4.2%
4.7%AU$3.72AU$3.22AU$2.846
Aug ’24AU$2.98
AU$3.44
+15.4%
4.7%AU$3.72AU$3.22AU$3.656
Jul ’24AU$3.10
AU$3.48
+12.2%
4.8%AU$3.72AU$3.22AU$4.075
Jun ’24AU$2.87
AU$3.29
+14.5%
2.6%AU$3.42AU$3.20AU$4.674
May ’24AU$2.56
AU$3.29
+28.3%
2.6%AU$3.42AU$3.20AU$5.144
Apr ’24AU$2.36
AU$3.29
+39.2%
3.6%AU$3.51AU$3.20AU$4.775
Mar ’24AU$2.58
AU$3.28
+27.2%
4.0%AU$3.51AU$3.20AU$4.774
Feb ’24AU$2.55
AU$3.28
+28.7%
4.0%AU$3.51AU$3.20AU$5.664
Jan ’24AU$2.13
AU$3.28
+54.1%
4.0%AU$3.51AU$3.20AU$4.034
Dec ’23AU$2.49
AU$3.31
+32.8%
3.7%AU$3.51AU$3.20AU$4.264
Nov ’23AU$2.66
AU$3.30
+24.2%
3.8%AU$3.51AU$3.20AU$4.534

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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