Oil States International, Inc.

DB:OI2 Stock Report

Market Cap: €330.7m

Oil States International Valuation

Is OI2 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OI2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OI2 (€5.15) is trading below our estimate of fair value (€18.96)

Significantly Below Fair Value: OI2 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OI2?

Key metric: As OI2 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for OI2. This is calculated by dividing OI2's market cap by their current revenue.
What is OI2's PS Ratio?
PS Ratio0.5x
SalesUS$736.26m
Market CapUS$346.48m

Price to Sales Ratio vs Peers

How does OI2's PS Ratio compare to its peers?

The above table shows the PS ratio for OI2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
VH2 Friedrich Vorwerk Group
1.2x10.2%€546.0m
ETG EnviTec Biogas
1xn/a€470.7m
VBK Verbio
0.5x7.7%€733.1m
CE2 CropEnergies
0.8x-14.0%€1.0b
OI2 Oil States International
0.5x-1.6%€346.5m

Price-To-Sales vs Peers: OI2 is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does OI2's PS Ratio compare vs other companies in the European Energy Services Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
OI2 0.5xIndustry Avg. 0.8xNo. of Companies11PS00.61.21.82.43+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: OI2 is good value based on its Price-To-Sales Ratio (0.5x) compared to the European Energy Services industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is OI2's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OI2 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: OI2 is expensive based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

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 OI2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.15
€6.80
+32.0%
20.1%€8.59€4.77n/a4
Nov ’25€4.04
€6.56
+62.4%
20.1%€8.29€4.60n/a4
Oct ’25€4.06
€6.77
+66.8%
21.6%€9.03€4.97n/a4
Sep ’25€4.64
€6.77
+45.9%
21.6%€9.03€4.97n/a4
Aug ’25€5.05
€6.85
+35.5%
24.7%€9.25€5.09n/a5
Jul ’25€4.08
€6.87
+68.4%
26.8%€9.29€4.18n/a5
Jun ’25€4.00
€6.87
+71.8%
26.8%€9.29€4.18n/a5
May ’25€3.64
€7.00
+92.2%
26.7%€9.33€4.20n/a5
Apr ’25€5.61
€7.96
+42.0%
21.1%€10.98€5.95n/a5
Mar ’25€5.12
€8.23
+60.8%
21.4%€11.09€6.01n/a5
Feb ’25€5.58
€8.38
+50.3%
18.7%€10.94€6.38n/a5
Jan ’25€6.17
€9.23
+49.7%
13.5%€11.30€7.54n/a5
Dec ’24€6.27
€9.23
+47.3%
13.5%€11.30€7.54n/a5
Nov ’24€6.82
€9.23
+35.4%
13.5%€11.30€7.54€4.045
Oct ’24€7.78
€9.14
+17.4%
13.5%€11.19€7.46€4.065
Sep ’24€7.66
€8.95
+16.8%
15.2%€11.01€7.34€4.644
Aug ’24€7.02
€8.84
+26.1%
15.2%€10.89€7.26€5.054
Jul ’24€6.77
€9.24
+36.4%
12.2%€11.08€8.31€4.084
Jun ’24€6.07
€10.25
+69.1%
22.1%€13.67€8.20€4.004
May ’24€6.26
€10.25
+63.9%
22.1%€13.67€8.20€3.644
Apr ’24€7.55
€10.87
+43.9%
19.9%€14.18€8.51€5.614
Mar ’24€9.06
€10.87
+19.9%
19.9%€14.18€8.51€5.124
Feb ’24€7.66
€8.85
+15.5%
11.8%€10.25€7.45€5.584
Jan ’24€6.74
€8.72
+29.4%
20.8%€10.66€5.81€6.174
Dec ’23€6.37
€8.72
+36.9%
20.8%€10.66€5.81€6.274
Nov ’23€6.41
€7.34
+14.4%
31.4%€11.13€5.06€6.824

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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