Expand Energy Corporation

DB:CS1 Stock Report

Market Cap: €22.1b

Expand Energy Valuation

Is CS1 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 CS1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CS1 (€95.6) is trading below our estimate of fair value (€174.46)

Significantly Below Fair Value: CS1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CS1?

Key metric: As CS1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CS1. This is calculated by dividing CS1's market cap by their current earnings.
What is CS1's PE Ratio?
PE Ratio90.5x
EarningsUS$254.00m
Market CapUS$22.98b

Price to Earnings Ratio vs Peers

How does CS1's PE Ratio compare to its peers?

The above table shows the PE ratio for CS1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.5x
DR0 Deutsche Rohstoff
2.9x-8.9%€168.6m
EQT EQT
87.2x54.9%US$27.4b
DVN Devon Energy
7.6x-4.2%US$25.9b
TOU Tourmaline Oil
16.1x25.5%CA$25.1b
CS1 Expand Energy
90.5x93.0%€23.0b

Price-To-Earnings vs Peers: CS1 is expensive based on its Price-To-Earnings Ratio (90.5x) compared to the peer average (28.5x).

Price to Earnings Ratio vs Industry

How does CS1's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CS1 90.5xIndustry Avg. 9.2xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CS1 is expensive based on its Price-To-Earnings Ratio (90.5x) compared to the European Oil and Gas industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is CS1'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.

CS1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio90.5x
Fair PE Ratio96.8x

Price-To-Earnings vs Fair Ratio: CS1 is good value based on its Price-To-Earnings Ratio (90.5x) compared to the estimated Fair Price-To-Earnings Ratio (96.8x).

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 CS1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€95.60
€98.57
+3.1%
11.5%€122.92€79.70n/a20
Nov ’25€77.30
€93.22
+20.6%
11.7%€118.12€76.59n/a20
Oct ’25€72.24
€86.56
+19.8%
11.8%€108.41€70.47n/a19
Sep ’25€65.14
€92.85
+42.5%
9.0%€106.16€80.07n/a17
Aug ’25€69.44
€97.10
+39.8%
7.8%€109.15€86.03n/a17
Jul ’25€75.50
€98.33
+30.2%
7.4%€109.32€86.90n/a15
Jun ’25€81.26
€97.16
+19.6%
7.1%€108.04€85.88n/a16
May ’25€84.94
€97.65
+15.0%
8.0%€109.43€86.98n/a15
Apr ’25€79.98
€93.23
+16.6%
10.3%€110.31€79.72n/a14
Mar ’25€75.85
€92.71
+22.2%
10.7%€109.81€79.36n/a15
Feb ’25€70.21
€93.84
+33.7%
11.1%€111.47€82.91n/a15
Jan ’25€68.68
€93.90
+36.7%
17.3%€129.34€73.38n/a19
Dec ’24€72.31
€96.91
+34.0%
14.6%€129.55€80.85n/a19
Nov ’24€80.30
€100.31
+24.9%
14.1%€133.43€84.22€77.3019
Oct ’24€80.31
€102.10
+27.1%
14.8%€139.93€84.72€72.2419
Sep ’24€79.91
€98.64
+23.4%
14.4%€133.68€82.62€65.1419
Aug ’24€75.42
€96.25
+27.6%
15.2%€130.18€76.84€69.4419
Jul ’24€75.88
€98.68
+30.0%
15.8%€131.96€75.14€75.5019
Jun ’24€69.11
€98.81
+43.0%
16.7%€134.37€76.51€81.2619
May ’24€71.68
€98.61
+37.6%
17.3%€135.83€72.44€84.9420
Apr ’24€67.50
€107.26
+58.9%
16.1%€138.98€75.97€79.9817
Mar ’24€75.00
€114.98
+53.3%
13.9%€145.37€84.41€75.8517
Feb ’24€78.50
€121.89
+55.3%
12.5%€147.18€99.35€70.2116
Jan ’24€87.50
€138.02
+57.7%
13.2%€174.38€108.40€68.6814
Dec ’23€97.50
€141.05
+44.7%
13.5%€182.67€115.37€72.3114
Nov ’23€101.00
€149.66
+48.2%
14.7%€194.48€119.76€80.3014

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

Discover undervalued companies

Rubellite Energy

CA$215.6m

Rubellite Energy Inc., an energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta.

6L00

CA$1.31

7D

0%

1Y

-16.0%

Hafnia

NOK 31.2b

Owns and operates oil product tankers in Bermuda.

RE0

NOK 5.10

7D

6.3%

1Y

-13.6%

International Seaways

US$2.0b

Owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.

IS5

US$39.13

7D

-1.2%

1Y

-8.1%