Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft

XTRA:SLL Stock Report

Market Cap: €494.1m

Schoeller-Bleckmann Oilfield Equipment Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: SLL (€31.35) is trading below our estimate of fair value (€81.45)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SLL. This is calculated by dividing SLL's market cap by their current earnings.
What is SLL's PE Ratio?
PE Ratio9.2x
Earnings€53.45m
Market Cap€494.06m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SLL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.6x
ETG EnviTec Biogas
8.8xn/a€439.6m
VH2 Friedrich Vorwerk Group
19.5x12.9%€549.0m
CE2 CropEnergies
15.3x-7.5%€1.0b
DR0 Deutsche Rohstoff
2.7x-8.9%€159.7m
SLL Schoeller-Bleckmann Oilfield Equipment
9.2x18.6%€494.1m

Price-To-Earnings vs Peers: SLL is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (11.6x).


Price to Earnings Ratio vs Industry

How does SLL's PE Ratio compare vs other companies in the European Energy Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SLL 9.2xIndustry Avg. 9.4xNo. of Companies8PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SLL is good value based on its Price-To-Earnings Ratio (9.2x) compared to the European Energy Services industry average (9.4x).


Price to Earnings Ratio vs Fair Ratio

What is SLL'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.

SLL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio19.1x

Price-To-Earnings vs Fair Ratio: SLL is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.1x).


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 SLL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€31.35
€56.13
+79.0%
10.8%€65.00€50.00n/a4
Nov ’25€28.35
€56.13
+98.0%
10.8%€65.00€50.00n/a4
Oct ’25€29.15
€56.13
+92.5%
10.8%€65.00€50.00n/a4
Sep ’25€32.40
€60.70
+87.3%
16.8%€71.80€50.00n/a4
Aug ’25€36.55
€63.20
+72.9%
13.2%€71.80€51.00n/a4
Jul ’25€37.90
€67.70
+78.6%
6.7%€71.80€60.00n/a4
Jun ’25€39.45
€68.95
+74.8%
8.1%€75.00€60.00n/a4
May ’25€45.85
€71.45
+55.8%
3.2%€75.00€69.00n/a4
Apr ’25€44.30
€70.70
+59.6%
4.3%€75.00€67.00n/a4
Mar ’25€42.00
€70.93
+68.9%
4.4%€75.00€67.00n/a4
Feb ’25€44.35
€70.93
+59.9%
4.4%€75.00€67.00n/a4
Jan ’25€44.30
€73.13
+65.1%
8.6%€82.50€66.00n/a4
Dec ’24€41.30
€75.63
+83.1%
10.9%€85.00€66.00n/a4
Nov ’24€47.50
€83.63
+76.1%
13.9%€98.00€66.00€28.354
Oct ’24€57.30
€82.50
+44.0%
12.9%€98.00€66.00€29.155
Sep ’24€53.20
€83.32
+56.6%
12.9%€98.00€66.00€32.405
Aug ’24€55.00
€84.72
+54.0%
15.1%€105.00€66.00€36.555
Jul ’24€53.10
€84.72
+59.5%
15.1%€105.00€66.00€37.905
Jun ’24€52.20
€84.72
+62.3%
15.1%€105.00€66.00€39.455
May ’24€57.00
€84.72
+48.6%
15.1%€105.00€66.00€45.855
Apr ’24€58.80
€84.72
+44.1%
15.1%€105.00€66.00€44.305
Mar ’24€68.90
€81.88
+18.8%
16.9%€105.00€64.00€42.005
Feb ’24€66.80
€81.88
+22.6%
16.9%€105.00€64.00€44.355
Jan ’24€58.70
€80.50
+37.1%
15.9%€101.00€64.00€44.305
Dec ’23€63.60
€80.50
+26.6%
15.9%€101.00€64.00€41.305
Nov ’23€57.50
€78.90
+37.2%
16.5%€101.00€64.00€47.505

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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