Aker BP ASA

DB:ARC Stock Report

Market Cap: €13.2b

Aker BP Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Discounted Cash Flow
Simply Wall St
€36.46
Fair Value
41.9% undervalued intrinsic discount
20
Number of Analysts

Below Fair Value: ARC (€21.18) is trading below our estimate of fair value (€36.46)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ARC. This is calculated by dividing ARC's market cap by their current earnings.
What is ARC's PE Ratio?
PE Ratio9.6x
EarningsUS$1.43b
Market CapUS$13.71b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ARC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26x
DR0 Deutsche Rohstoff
3.1x-9.0%€180.0m
1605 Inpex
5.7x-7.3%JP¥2.2t
STO Santos
11.3x9.1%AU$22.6b
CE2 CropEnergies
84xn/a€1.2b
ARC Aker BP
9.6x0.6%€153.7b

Price-To-Earnings vs Peers: ARC is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ARC 9.6xIndustry Avg. 8.9xNo. of Companies17PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ARC is expensive based on its Price-To-Earnings Ratio (9.6x) compared to the European Oil and Gas industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is ARC'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.

ARC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ratio17.2x

Price-To-Earnings vs Fair Ratio: ARC is good value based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.2x).

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 ARC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€21.18
€24.12
+13.9%
13.2%€30.93€18.04n/a20
Jan ’26€18.53
€23.94
+29.2%
14.0%€31.62€18.80n/a19
Dec ’25€19.23
€23.84
+24.0%
13.8%€31.38€18.66n/a19
Nov ’25€19.53
€23.91
+22.4%
15.5%€30.88€18.36n/a19
Oct ’25€19.85
€25.71
+29.5%
17.3%€35.32€18.72n/a19
Sep ’25€21.74
€27.07
+24.5%
14.3%€35.54€19.70n/a19
Aug ’25€22.02
€26.85
+21.9%
14.2%€35.13€19.47n/a19
Jul ’25€24.07
€27.90
+15.9%
13.6%€36.27€20.10n/a19
Jun ’25€23.52
€27.43
+16.6%
13.4%€35.74€19.81n/a19
May ’25€22.95
€27.34
+19.1%
13.2%€35.27€19.55n/a19
Apr ’25€23.50
€27.41
+16.6%
12.9%€35.43€19.64n/a18
Mar ’25€22.99
€28.20
+22.7%
14.1%€36.49€20.22n/a19
Feb ’25€24.77
€29.98
+21.0%
11.4%€36.52€24.20€20.2519
Jan ’25€26.28
€29.80
+13.4%
11.0%€35.50€23.24€18.5318
Dec ’24€26.17
€29.80
+13.9%
11.0%€35.50€23.24€19.2318
Nov ’24€26.40
€29.71
+12.6%
11.4%€35.54€23.27€19.5318
Oct ’24€26.13
€29.24
+11.9%
13.1%€37.58€21.22€19.8517
Sep ’24€25.01
€28.29
+13.1%
13.7%€36.68€20.71€21.7418
Aug ’24€25.04
€29.43
+17.5%
13.7%€38.22€21.58€22.0218
Jul ’24€21.60
€28.25
+30.8%
12.4%€35.55€20.31€24.0717
Jun ’24€20.29
€28.72
+41.5%
12.7%€35.74€20.43€23.5216
May ’24€21.09
€29.04
+37.7%
13.8%€35.77€20.44€22.9516
Apr ’24€22.30
€31.38
+40.7%
11.0%€38.56€24.38€23.5016
Mar ’24€25.22
€32.26
+27.9%
11.2%€39.29€24.84€22.9916
Feb ’24€27.63
€34.58
+25.2%
12.6%€42.36€25.14€24.7716
Analyst Price Target
Consensus Narrative from 20 Analysts
€24.47
Fair Value
13.4% undervalued intrinsic discount
20
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 16:11
End of Day Share Price 2025/02/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aker BP ASA is covered by 45 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Robert Jan VosABN AMRO Bank N.V.
Christian YggesethArctic Securities ASA