How does B3W's PB Ratio compare to its peers?

B3W has negative equity and a Price-To-Book Ratio (-0x) compared to the peer average (1.1x).

How does B3W's PB Ratio compare vs other companies in the European Oil and Gas Industry?

B3W has negative equity and a Price-To-Book Ratio (-0x) compared to the European Oil and Gas industry average (1x).

What is B3W's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate B3W's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of B3W when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

B3W (€0.17) is trading below our estimate of [[fair value]] (€73.4)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

B3W Stock Overview

Engages in the exploration, appraisal, development, and production of oil and gas properties in the Faroe Islands, the United Kingdom, Norway, and Ireland. More details

B3W fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 99.8% below our estimate of its fair value

Risk Analysis

Does not have a meaningful market cap (€6M)

Makes less than USD$1m in revenue (DKK0)

Negative shareholders equity

Volatile share price over the past 3 months compared to the German market

My Notes

Capture your thoughts, links and company narrative

P/F Atlantic Petroleum Competitors

Petro Matad

DB:HA3

€23.7m

Deutsche Rohstoff

XTRA:DR0

€172.1m

IOG

DB:IO7

€6.3m

Avila Energy

CNSX:VIK

CA$1.1m

Price History & Performance

Summary of share price highs, lows and changes for P/F Atlantic Petroleum
Historical stock prices
Current Share Price	DKK 0.17
52 Week High	DKK 0.37
52 Week Low	DKK 0.16
Beta	1.45
1 Month Change	-27.19%
3 Month Change	-45.21%
1 Year Change	-35.53%
3 Year Change	-71.86%
5 Year Change	-78.58%
Change since IPO	-99.00%

Recent updates

Shareholder Returns

	B3W	DE Oil and Gas	DE Market
7D	2.2%	5.2%	-0.4%
1Y	-35.5%	-30.2%	7.9%

Return vs Industry: B3W underperformed the German Oil and Gas industry which returned -30.3% over the past year.

Return vs Market: B3W underperformed the German Market which returned 7.9% over the past year.

Price Volatility

Is B3W's price volatile compared to industry and market?
B3W volatility
B3W Average Weekly Movement	11.1%
Oil and Gas Industry Average Movement	5.7%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: B3W's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: B3W's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
1998	1	Mark Højgaard	www.petroleum.fo

P/F Atlantic Petroleum, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas properties in the Faroe Islands, the United Kingdom, Norway, and Ireland. The company was founded in 1998 and is based in Tórshavn, the Faroe Islands.

P/F Atlantic Petroleum Fundamentals Summary

How do P/F Atlantic Petroleum's earnings and revenue compare to its market cap?
B3W fundamental statistics
Market cap	€768.54k
Earnings (TTM)	-€2.69m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-0.3x

P/E Ratio

Is B3W overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
B3W income statement (TTM)
Revenue	DKK 0
Cost of Revenue	DKK 0
Gross Profit	DKK 0
Other Expenses	DKK 20.05m
Earnings	-DKK 20.05m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Mar 31, 2025

Earnings per share (EPS)	-5.42
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	-68.0%

How did B3W perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/05 09:25
End of Day Share Price	2025/01/03 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

P/F Atlantic Petroleum is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kjetil Bakken	Carnegie Investment Bank AB
Oddvar Bjørgan	Nordea Markets
Teodor Sveen-Nilsen	Swedbank Norway