Vår Energi AS

DB:J4V Stock Report

Market Cap: €7.2b

Vår Energi Valuation

Is J4V undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 J4V when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: J4V (€2.89) is trading below our estimate of fair value (€3.91)

Significantly Below Fair Value: J4V is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for J4V?

Key metric: As J4V is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for J4V. This is calculated by dividing J4V's market cap by their current earnings.
What is J4V's PE Ratio?
PE Ratio13x
EarningsUS$576.74m
Market CapUS$7.47b

Price to Earnings Ratio vs Peers

How does J4V's PE Ratio compare to its peers?

The above table shows the PE ratio for J4V vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.2x
DR0 Deutsche Rohstoff
2.6x-8.9%€154.3m
CE2 CropEnergies
83.2xn/a€1.2b
CE2 CropEnergies
15.3x-7.5%€1.0b
APA APA
3.6x-7.6%US$7.8b
J4V Vår Energi
13x16.7%€84.9b

Price-To-Earnings vs Peers: J4V is good value based on its Price-To-Earnings Ratio (13x) compared to the peer average (26.1x).

Price to Earnings Ratio vs Industry

How does J4V's PE Ratio compare vs other companies in the European Oil and Gas Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
J4V 13.0xIndustry Avg. 8.3xNo. of Companies18PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: J4V is expensive based on its Price-To-Earnings Ratio (13x) compared to the European Oil and Gas industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is J4V'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.

J4V PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13x
Fair PE Ratio25.6x

Price-To-Earnings vs Fair Ratio: J4V is good value based on its Price-To-Earnings Ratio (13x) compared to the estimated Fair Price-To-Earnings Ratio (25.6x).

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 J4V forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.89
€3.67
+26.9%
8.6%€4.20€2.93n/a14
Dec ’25€3.13
€3.63
+16.0%
8.6%€4.16€2.90n/a14
Nov ’25€2.83
€3.54
+25.3%
8.6%€4.05€2.83n/a14
Oct ’25€2.80
€3.62
+29.1%
10.7%€4.09€2.81n/a14
Sep ’25€3.10
€3.69
+19.1%
12.3%€4.52€2.79n/a14
Aug ’25€2.87
€3.68
+28.0%
11.6%€4.44€2.85n/a14
Jul ’25€3.33
€3.74
+12.5%
11.7%€4.62€2.90n/a14
Jun ’25€3.20
€3.66
+14.2%
12.2%€4.51€2.87n/a14
May ’25€3.07
€3.64
+18.5%
11.2%€4.27€2.91n/a13
Apr ’25€3.13
€3.50
+11.8%
11.1%€4.30€2.78n/a13
Mar ’25€2.93
€3.44
+17.5%
10.3%€3.97€2.78n/a11
Feb ’25€2.72
€3.41
+25.6%
10.3%€3.96€2.83n/a10
Jan ’25€2.79
€3.31
+18.9%
14.9%€3.72€2.10n/a9
Dec ’24€2.86
€3.34
+16.6%
14.8%€3.70€2.13€3.139
Nov ’24€3.21
€3.44
+7.1%
14.0%€3.81€2.18€2.8310
Oct ’24€2.76
€3.27
+18.4%
11.5%€3.56€2.28€2.809
Sep ’24€2.69
€3.25
+20.7%
12.2%€3.60€2.23€3.109
Aug ’24€2.70
€3.19
+18.1%
11.6%€3.60€2.19€2.8710
Jul ’24€2.47
€3.15
+27.5%
12.9%€3.83€2.22€3.3310
Jun ’24€2.05
€3.16
+54.6%
13.9%€3.87€2.21€3.2011
May ’24€2.49
€3.16
+26.5%
14.5%€4.01€2.22€3.0712
Apr ’24€2.27
€3.48
+53.1%
16.9%€4.29€2.25€3.1312
Mar ’24€2.62
€3.63
+38.7%
16.7%€4.36€2.28€2.9311
Feb ’24€2.73
€3.81
+39.6%
20.1%€4.99€2.22€2.7211
Jan ’24€3.12
€4.25
+36.3%
14.8%€5.13€3.26€2.7910
Dec ’23€3.55
€4.25
+19.8%
14.8%€5.13€3.26€2.8610

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 04:54
End of Day Share Price 2024/12/23 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 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

Vår Energi AS is covered by 18 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lydia RainforthBarclays
Matthew SmithBofA Global Research
Jørgen LandeDanske Bank