Reconnaissance Energy Africa Ltd.

DB:0XD Stock Report

Market Cap: €199.3m

Reconnaissance Energy Africa Valuation

Is 0XD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 0XD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 0XD's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 0XD's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0XD?

Key metric: As 0XD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0XD. This is calculated by dividing 0XD's market cap by their current earnings.
What is 0XD's PE Ratio?
PE Ratio4.4x
EarningsCA$65.70m
Market CapCA$294.78m

Price to Earnings Ratio vs Peers

How does 0XD's PE Ratio compare to its peers?

The above table shows the PE ratio for 0XD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.3x
DR0 Deutsche Rohstoff
2.8x-8.9%€165.1m
RKH Rockhopper Exploration
9.6x-81.6%UK£109.6m
VH2 Friedrich Vorwerk Group
19.2x12.9%€540.0m
ETG EnviTec Biogas
9.5xn/a€472.2m
0XD Reconnaissance Energy Africa
4.4xn/a€294.8m

Price-To-Earnings vs Peers: 0XD is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (10.3x).

Price to Earnings Ratio vs Industry

How does 0XD's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0XD 4.4xIndustry Avg. 9.0xNo. of Companies16PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0XD is good value based on its Price-To-Earnings Ratio (4.4x) compared to the European Oil and Gas industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is 0XD'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.

0XD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0XD'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?

The above table shows the analyst 0XD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.72
€1.63
+126.9%
13.4%€1.93€1.42n/a3
Nov ’25€0.58
€1.61
+180.1%
12.3%€1.88€1.40n/a3
Oct ’25€0.67
€1.60
+137.5%
12.3%€1.87€1.40n/a3
Sep ’25€0.61
€1.60
+162.0%
12.3%€1.87€1.40n/a3
Aug ’25€0.69
€1.71
+149.0%
9.5%€1.88€1.55n/a2
Jul ’25€0.93
€1.41
+50.7%
34.5%€1.91€0.75n/a3
Jun ’25€0.83
€1.39
+67.2%
34.3%€1.88€0.74n/a3
May ’25€0.59
€1.47
+148.1%
29.5%€1.91€1.04n/a2

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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