Coterra Energy Inc.

DB:XCQ Stock Report

Market Cap: €18.6b

Coterra Energy Valuation

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

Below Fair Value: XCQ (€25.03) is trading below our estimate of fair value (€103.7)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for XCQ. This is calculated by dividing XCQ's market cap by their current earnings.
What is XCQ's PE Ratio?
PE Ratio15.9x
EarningsUS$1.24b
Market CapUS$19.65b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for XCQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.5x
DR0 Deutsche Rohstoff
2.8x-8.9%€165.1m
MRO Marathon Oil
12x-5.8%US$16.2b
TATN PJSC Tatneft
4.6xn/a₽915.4b
PTTEP PTT Exploration and Production
6.7x-9.2%฿506.2b
XCQ Coterra Energy
15.9x30.2%€19.7b

Price-To-Earnings vs Peers: XCQ is expensive based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (7.2x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
XCQ 15.9xIndustry Avg. 8.5xNo. of Companies16PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: XCQ is expensive based on its Price-To-Earnings Ratio (15.9x) compared to the European Oil and Gas industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is XCQ'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.

XCQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.9x
Fair PE Ratio34.1x

Price-To-Earnings vs Fair Ratio: XCQ is good value based on its Price-To-Earnings Ratio (15.9x) compared to the estimated Fair Price-To-Earnings Ratio (34.1x).

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 XCQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€25.03
€31.25
+24.9%
7.0%€36.27€27.68n/a25
Nov ’25€21.25
€28.25
+32.9%
8.1%€34.14€23.99n/a27
Oct ’25€21.98
€28.09
+27.8%
9.0%€32.52€23.49n/a27
Sep ’25€21.89
€29.78
+36.1%
9.6%€37.02€23.48n/a27
Aug ’25€23.57
€31.10
+32.0%
9.5%€37.79€26.73n/a26
Jul ’25€24.86
€31.67
+27.4%
10.2%€38.31€27.09n/a25
Jun ’25€25.37
€31.09
+22.5%
11.1%€37.79€26.19n/a24
May ’25€26.20
€30.62
+16.9%
10.0%€36.61€25.35n/a26
Apr ’25€25.32
€29.07
+14.9%
10.8%€36.15€23.18n/a25
Mar ’25€23.67
€28.47
+20.3%
11.0%€35.99€23.07n/a27
Feb ’25€23.03
€28.51
+23.8%
11.1%€35.93€23.95n/a26
Jan ’25€23.06
€28.75
+24.7%
13.5%€38.02€23.54n/a26
Dec ’24€24.57
€30.10
+22.5%
12.8%€38.59€24.81n/a25
Nov ’24€25.88
€30.55
+18.0%
13.3%€39.65€24.55€21.2525
Oct ’24€25.76
€30.34
+17.8%
13.8%€39.98€24.75€21.9824
Sep ’24€26.40
€29.26
+10.9%
14.0%€38.71€23.96€21.8924
Aug ’24€24.74
€27.04
+9.3%
13.1%€35.29€22.62€23.5725
Jul ’24€22.80
€27.71
+21.6%
13.2%€35.74€22.91€24.8625
Jun ’24€21.77
€28.34
+30.2%
13.2%€36.35€23.30€25.3725
May ’24€22.70
€27.23
+20.0%
13.1%€34.41€20.83€26.2026
Apr ’24€21.83
€27.16
+24.4%
14.8%€35.21€19.46€25.3225
Mar ’24€23.63
€28.55
+20.8%
15.2%€37.81€21.74€23.6725
Feb ’24€22.32
€27.87
+24.9%
15.8%€37.32€20.94€23.0326
Jan ’24€22.85
€31.86
+39.5%
18.0%€45.24€21.68€23.0625
Dec ’23€26.36
€34.61
+31.3%
16.0%€46.45€27.10€24.5725
Nov ’23€31.62
€36.13
+14.3%
15.7%€51.18€28.10€25.8826

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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