BW Offshore Limited

BATS-CHIXE:BWOO Stock Report

Market Cap: NOK 4.2b

BW Offshore Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: BWOO (NOK21.77) is trading above our estimate of fair value (NOK15.31)

Significantly Below Fair Value: BWOO is trading above our estimate of fair value.


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BWOO. This is calculated by dividing BWOO's market cap by their current earnings.
What is BWOO's PE Ratio?
PE Ratio4x
EarningsUS$100.70m
Market CapUS$400.01m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BWOO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.9x
GMS Gulf Marine Services
5.5xn/aUK£174.9m
HTG Hunting
4.6x-7.9%UK£481.6m
TLW Tullow Oil
25.9x18.8%UK£332.5m
POS Plexus Holdings
3.5x-79.8%UK£10.3m
BWOO BW Offshore
4x16.8%NOK 4.2b

Price-To-Earnings vs Peers: BWOO is good value based on its Price-To-Earnings Ratio (4x) compared to the peer average (17.4x).


Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BWOO is good value based on its Price-To-Earnings Ratio (4x) compared to the European Energy Services industry average (11.1x).


Price to Earnings Ratio vs Fair Ratio

What is BWOO'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.

BWOO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BWOO's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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