Cardinal Energy Ltd.

DB:C0Y Stock Report

Market Cap: €719.0m

Cardinal Energy Valuation

Is C0Y 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 C0Y when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: C0Y (€4.46) is trading below our estimate of fair value (€31.33)

Significantly Below Fair Value: C0Y is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for C0Y?

Key metric: As C0Y is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for C0Y. This is calculated by dividing C0Y's market cap by their current earnings.
What is C0Y's PE Ratio?
PE Ratio10.3x
EarningsCA$102.93m
Market CapCA$1.06b

Price to Earnings Ratio vs Peers

How does C0Y's PE Ratio compare to its peers?

The above table shows the PE ratio for C0Y vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.8x
DR0 Deutsche Rohstoff
2.8x-8.9%€165.1m
VH2 Friedrich Vorwerk Group
19.2x12.9%€540.0m
CE2 CropEnergies
81.8xn/a€1.2b
CE2 CropEnergies
15.3x-7.5%€1.0b
C0Y Cardinal Energy
10.3x6.3%€1.1b

Price-To-Earnings vs Peers: C0Y is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (29.8x).

Price to Earnings Ratio vs Industry

How does C0Y's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
C0Y 10.3xIndustry Avg. 8.5xNo. of Companies16PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: C0Y is expensive based on its Price-To-Earnings Ratio (10.3x) compared to the European Oil and Gas industry average (8.5x).

Price to Earnings Ratio vs Fair Ratio

What is C0Y'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.

C0Y PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ratio16x

Price-To-Earnings vs Fair Ratio: C0Y is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (16x).

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 C0Y forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.46
€5.06
+13.4%
5.5%€5.43€4.75n/a5
Nov ’25€4.15
€5.03
+21.2%
9.2%€5.86€4.69n/a5
Oct ’25€4.32
€5.19
+20.2%
9.6%€5.86€4.69n/a5
Sep ’25€4.56
€5.35
+17.2%
6.3%€5.81€4.98n/a5
Aug ’25€4.45
€5.37
+20.9%
6.3%€5.84€5.01n/a5
Jul ’25€4.56
€5.46
+19.9%
4.6%€5.73€5.06n/a5
Jun ’25€4.73
€5.56
+17.4%
5.8%€6.06€5.05n/a6
May ’25€4.77
€5.76
+20.7%
4.5%€6.17€5.48n/a5
Apr ’25€4.78
€5.50
+15.0%
4.6%€5.77€5.09n/a5
Mar ’25€4.56
€5.48
+20.1%
6.8%€5.82€4.79n/a5
Feb ’25€4.28
€5.62
+31.3%
11.5%€6.88€4.82n/a6
Jan ’25€4.24
€6.15
+45.0%
7.2%€6.83€5.47n/a6
Dec ’24€4.54
€6.19
+36.3%
4.8%€6.77€5.75n/a7
Nov ’24€4.94
€6.24
+26.3%
6.6%€6.93€5.54€4.157
Oct ’24€5.10
€6.30
+23.5%
7.9%€7.00€5.60€4.327
Sep ’24€5.00
€6.00
+20.0%
8.9%€6.77€5.42€4.567
Aug ’24€4.86
€6.02
+23.9%
9.6%€6.85€5.48€4.457
Jul ’24€4.52
€6.16
+36.2%
10.2%€6.92€4.84€4.567
Jun ’24€4.72
€6.14
+30.2%
7.0%€6.80€5.44€4.737
May ’24€4.84
€6.27
+29.5%
8.4%€7.37€5.69€4.777
Apr ’24€4.80
€6.33
+31.9%
9.3%€7.44€5.41€4.787
Mar ’24€4.92
€6.63
+34.8%
9.8%€7.62€5.54€4.567
Feb ’24€5.05
€6.62
+31.0%
9.8%€7.61€5.53€4.287
Jan ’24€5.10
€7.51
+47.2%
10.9%€9.34€6.57€4.247
Dec ’23€5.55
€8.17
+47.3%
10.6%€9.97€7.38€4.547
Nov ’23€6.90
€8.07
+16.9%
10.6%€9.66€7.06€4.947

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

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