Tourmaline Oil Corp.

DB:08T Stock Report

Market Cap: €17.3b

Tourmaline Oil Valuation

Is 08T 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 08T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 08T (€45.99) is trading below our estimate of fair value (€55.93)

Significantly Below Fair Value: 08T 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 08T?

Key metric: As 08T is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 08T. This is calculated by dividing 08T's market cap by their current earnings.
What is 08T's PE Ratio?
PE Ratio16.1x
EarningsCA$1.56b
Market CapCA$25.13b

Price to Earnings Ratio vs Peers

How does 08T's PE Ratio compare to its peers?

The above table shows the PE ratio for 08T vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9x
DR0 Deutsche Rohstoff
2.9x-8.9%€168.6m
MRO Marathon Oil
12x-5.8%US$16.2b
CTRA Coterra Energy
16.5x29.8%US$20.4b
TATN PJSC Tatneft
4.6xn/a₽915.4b
08T Tourmaline Oil
16.1x25.5%€25.1b

Price-To-Earnings vs Peers: 08T is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (10.4x).

Price to Earnings Ratio vs Industry

How does 08T's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
08T 16.1xIndustry Avg. 9.2xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 08T is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the European Oil and Gas industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is 08T'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.

08T PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ratio31.2x

Price-To-Earnings vs Fair Ratio: 08T is good value based on its Price-To-Earnings Ratio (16.1x) compared to the estimated Fair Price-To-Earnings Ratio (31.2x).

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 08T forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€45.99
€52.24
+13.6%
6.7%€62.66€47.16n/a17
Nov ’25€42.30
€51.19
+21.0%
7.3%€61.49€44.30n/a17
Oct ’25€41.58
€51.26
+23.3%
7.3%€61.96€44.64n/a15
Sep ’25€41.29
€51.76
+25.4%
5.9%€61.66€48.07n/a15
Aug ’25€40.54
€51.89
+28.0%
5.7%€60.12€46.76n/a16
Jul ’25€42.10
€53.05
+26.0%
6.0%€61.51€47.84n/a16
Jun ’25€45.00
€52.62
+16.9%
5.9%€61.11€47.53n/a16
May ’25€46.75
€52.89
+13.1%
6.0%€61.55€47.87n/a16
Apr ’25€42.21
€52.44
+24.2%
6.4%€61.60€47.91n/a16
Mar ’25€41.63
€53.12
+27.6%
6.5%€61.41€47.76n/a16
Feb ’25€39.77
€54.44
+36.9%
6.1%€61.95€48.18n/a16
Jan ’25€40.18
€56.79
+41.3%
7.6%€68.40€50.62n/a16
Dec ’24€44.27
€57.43
+29.7%
6.7%€68.10€52.43n/a16
Nov ’24€49.78
€57.34
+15.2%
7.5%€68.49€52.74€42.3016
Oct ’24€48.25
€56.78
+17.7%
8.7%€69.64€52.23€41.5815
Sep ’24€48.29
€54.32
+12.5%
9.0%€67.74€48.09€41.2916
Aug ’24€46.58
€53.73
+15.3%
10.0%€68.01€47.61€40.5416
Jul ’24€42.69
€55.22
+29.3%
10.7%€70.85€48.62€42.1014
Jun ’24€39.03
€54.65
+40.0%
11.3%€69.93€45.25€45.0014
May ’24€38.74
€54.29
+40.1%
12.0%€69.04€44.00€46.7514
Apr ’24€37.47
€58.04
+54.9%
13.0%€76.16€44.88€42.2114
Mar ’24€41.25
€63.64
+54.3%
8.5%€77.41€55.30€41.6314
Feb ’24€42.51
€63.52
+49.4%
8.2%€76.97€54.98€39.7714
Jan ’24€48.10
€69.28
+44.1%
7.7%€82.02€62.39€40.1812
Dec ’23€58.24
€73.14
+25.6%
7.7%€86.51€65.81€44.2712
Nov ’23€57.32
€71.98
+25.6%
9.1%€86.97€63.18€49.7812

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

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