i3 Energy Plc

TSX:ITE Stock Report

Market Cap: CA$276.6m

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i3 Energy Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: ITE (CA$0.23) is trading above our estimate of fair value (CA$0.19)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ITE. This is calculated by dividing ITE's market cap by their current earnings.
What is ITE's PE Ratio?
PE Ratio12.2x
EarningsUK£12.57m
Market CapUK£153.37m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ITE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.7x
LOU Lucero Energy
6.4xn/aCA$255.1m
ALV Alvopetro Energy
7.7x81.7%CA$159.3m
PRQ Petrus Resources
4.2xn/aCA$177.9m
IPO InPlay Oil
8.6x-10.8%CA$160.4m
ITE i3 Energy
12.2x51.1%CA$276.6m

Price-To-Earnings vs Peers: ITE is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (7.1x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HAM Highwood Asset Management
1.2x-41.1%US$62.55m
ALPS.U Alpine Summit Energy Partners
1xn/aUS$24.02m
KUB.H Carcetti Capital
0.7xn/aUS$5.82m
GCOM Green Shift Commodities
1.2xn/aUS$4.42m
ITE 12.2xIndustry Avg. 10.9xNo. of Companies14PE0816243240+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ITE is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the Canadian Oil and Gas industry average (10.7x).

Price to Earnings Ratio vs Fair Ratio

What is ITE'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.

ITE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ratio19.9x

Price-To-Earnings vs Fair Ratio: ITE is good value based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.9x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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