ConocoPhillips Valuation

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

Below Fair Value: COP (CHF59.2) is trading below our estimate of fair value (CHF99.32)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for COP. This is calculated by dividing COP's market cap by their current earnings.
What is COP's PE Ratio?
PE Ratio13x
EarningsUS$9.92b
Market CapUS$128.43b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for COP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.5x
EOG EOG Resources
10.7x-2.7%US$76.6b
883 CNOOC
5.3x-1.7%HK$849.3b
CNQ Canadian Natural Resources
13.4x2.9%CA$99.6b
FANG Diamondback Energy
16.7x11.1%US$53.0b
COP ConocoPhillips
13x0.7%CHF 128.4b

Price-To-Earnings vs Peers: COP is expensive based on its Price-To-Earnings Ratio (13x) compared to the peer average (11.5x).


Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
COP 13.0xIndustry Avg. 8.7xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: COP is expensive based on its Price-To-Earnings Ratio (13x) compared to the European Oil and Gas industry average (8.4x).


Price to Earnings Ratio vs Fair Ratio

What is COP'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.

COP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate COP's Price-To-Earnings Fair Ratio for valuation analysis.


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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