Petrofac Limited

DB:P2F Stock Report

Market Cap: €72.1m

Petrofac Valuation

Is P2F 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-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 P2F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: P2F (€0.09) is trading below our estimate of fair value (€3.71)

Significantly Below Fair Value: P2F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for P2F?

Key metric: As P2F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for P2F. This is calculated by dividing P2F's market cap by their current revenue.
What is P2F's PS Ratio?
PS Ratio0.03x
SalesUS$2.51b
Market CapUS$75.10m

Price to Sales Ratio vs Peers

How does P2F's PS Ratio compare to its peers?

The above table shows the PS ratio for P2F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.9x
4DS Daldrup & Söhne
0.8x1.3%€46.1m
BLH Hai Leck Holdings
1.6xn/aS$81.4m
SDSD S.D. Standard ETC
13.7xn/aNOK 892.7m
PSD Pulse Seismic
3.4xn/aCA$119.6m
P2F Petrofac
0.03x26.2%€59.9m

Price-To-Sales vs Peers: P2F is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (4.9x).

Price to Sales Ratio vs Industry

How does P2F's PS Ratio compare vs other companies in the European Energy Services Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.8x2.2%
P2F Petrofac
 0.03x26.2%US$75.10m
P2F 0.0xIndustry Avg. 0.8xNo. of Companies10PS00.61.21.82.43+
9 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.8x11.9%
P2F Petrofac
 0.03x130.6%US$75.10m
No more companies

Price-To-Sales vs Industry: P2F is good value based on its Price-To-Sales Ratio (0x) compared to the European Energy Services industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is P2F'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.

P2F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.03x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: P2F is good value based on its Price-To-Sales Ratio (0x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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 P2F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.091
€0.54
+496.6%
70.5%€1.08€0.24n/a3
Nov ’25€0.11
€0.54
+382.5%
70.5%€1.08€0.24n/a3
Oct ’25€0.14
€0.54
+288.2%
71.9%€1.08€0.23n/a3
Sep ’25€0.15
€0.54
+258.5%
69.9%€1.07€0.24n/a3
Aug ’25€0.15
€0.54
+267.3%
69.9%€1.07€0.24n/a3
Jul ’25€0.15
€0.75
+400.4%
52.9%€1.18€0.24n/a5
Jun ’25n/a
€0.59
0%
70.0%€1.18€0.12n/a7
May ’25€0.14
€0.58
+314.6%
67.4%€1.19€0.12n/a8
Apr ’25€0.27
€0.69
+155.9%
53.4%€1.18€0.24n/a8
Mar ’25€0.27
€0.68
+153.6%
53.3%€1.16€0.24n/a8
Feb ’25€0.32
€0.68
+110.9%
53.3%€1.15€0.23n/a8
Jan ’25€0.45
€0.67
+48.8%
53.2%€1.13€0.23n/a8
Dec ’24€0.16
€1.01
+516.6%
10.2%€1.21€0.88n/a9
Nov ’24€0.53
€1.05
+97.7%
10.7%€1.24€0.90€0.1110
Oct ’24€0.89
€1.05
+17.6%
11.8%€1.23€0.89€0.149
Sep ’24€0.84
€1.03
+22.5%
14.2%€1.23€0.82€0.159
Aug ’24€0.92
€1.02
+11.6%
14.5%€1.21€0.82€0.159
Jul ’24€0.85
€1.15
+35.2%
38.4%€2.32€0.82€0.159
Jun ’24€0.82
€1.17
+42.5%
38.0%€2.34€0.81n/a9
May ’24€0.74
€1.30
+76.2%
39.6%€2.26€0.79€0.1410
Apr ’24€0.96
€1.43
+48.0%
35.1%€2.28€0.84€0.2710
Mar ’24€0.89
€1.46
+63.7%
35.6%€2.35€0.86€0.2710
Feb ’24€0.94
€1.57
+67.3%
34.9%€2.28€0.84€0.329
Jan ’24€0.79
€1.70
+113.5%
29.7%€2.33€0.86€0.459
Dec ’23€0.96
€1.91
+99.2%
17.7%€2.35€1.37€0.169
Nov ’23€1.25
€1.98
+58.0%
17.6%€2.43€1.42€0.539

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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