Cmb.Tech NV

BATS-CHIXE:CMBTOO Stock Report

Market Cap: NOK 34.8b

Cmb.Tech Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: CMBTOO (NOK125) is trading below our estimate of future cash flow value (NOK1138.15)

Significantly Below Future Cash Flow Value: CMBTOO is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CMBTOO. This is calculated by dividing CMBTOO's market cap by their current earnings.
What is CMBTOO's PE Ratio?
PE Ratio21.8x
EarningsUS$164.77m
Market CapUS$3.59b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CMBTOO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.2x
NWF NWF Group
12.6x20.10%UK£66.7m
SEPL Seplat Energy
14.4x1.07%UK£2.2b
ENOG Energean
15.6x8.15%UK£1.6b
RKH Rockhopper Exploration
18.1x-102.21%UK£616.8m
CMBTOO Cmb.Tech
21.8x23.55%NOK 3.0b

Price-To-Earnings vs Peers: CMBTOO is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the peer average (15.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ROSN Rosneft Oil
1.5xn/aUS$21.03b
CORO Coro Energy
1.3xn/aUS$4.75m
SYN Synergia Energy
0.5xn/aUS$1.70m
COR Corpus Resources
0.2xn/aUS$659.09k
No more companies available in this PE range
No. of Companies4PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CMBTOO is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the European Oil and Gas industry average (14.6x).

Price to Earnings Ratio vs Fair Ratio

What is CMBTOO'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.

CMBTOO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CMBTOO'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?

The above table shows the analyst CMBTOO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 127.29
0%
1.89%NOK 130.48NOK 124.65n/a3
Feb ’27NOK 125.00
NOK 127.51
+2.01%
6.13%NOK 135.78NOK 117.02n/a3
Jan ’27n/a
NOK 125.05
0%
5.52%NOK 131.96NOK 118.14n/a2
Dec ’26NOK 104.10
NOK 124.23
+19.34%
4.76%NOK 130.15NOK 118.32n/a2
Nov ’26NOK 93.50
NOK 123.14
+31.70%
4.77%NOK 129.01NOK 117.28n/a2
Oct ’26n/a
NOK 121.02
0%
5.01%NOK 127.08NOK 114.97n/a2
Aug ’26n/a
NOK 156.17
0%
18.70%NOK 185.37NOK 126.97n/a2
Jul ’26n/a
NOK 156.17
0%
18.70%NOK 185.37NOK 126.97n/a2
Jun ’26n/a
NOK 156.17
0%
18.70%NOK 185.37NOK 126.97n/a2
May ’26n/a
NOK 161.66
0%
18.58%NOK 191.70NOK 131.63n/a2
Apr ’26n/a
NOK 146.31
0%
29.58%NOK 191.42NOK 79.89n/a4
Mar ’26n/a
NOK 161.76
0%
21.79%NOK 205.09NOK 112.63n/a4
Feb ’26n/a
NOK 186.94
0%
11.13%NOK 212.50NOK 156.03NOK 125.004
Jan ’26n/a
NOK 186.94
0%
11.13%NOK 212.50NOK 156.03n/a4
Dec ’25n/a
NOK 186.94
0%
11.13%NOK 212.50NOK 156.03NOK 104.104
Nov ’25n/a
NOK 196.08
0%
6.68%NOK 211.12NOK 179.21NOK 93.503
Oct ’25n/a
NOK 189.45
0%
6.37%NOK 206.47NOK 176.68n/a4
Sep ’25n/a
NOK 193.33
0%
5.37%NOK 206.55NOK 177.46n/a4
Aug ’25n/a
NOK 185.57
0%
8.55%NOK 207.80NOK 171.78n/a3
Jul ’25n/a
NOK 175.08
0%
5.31%NOK 187.89NOK 166.09n/a3
Jun ’25n/a
NOK 175.08
0%
5.31%NOK 187.89NOK 166.09n/a3
May ’25n/a
NOK 198.05
0%
9.40%NOK 225.55NOK 173.06n/a4
Apr ’25n/a
NOK 203.52
0%
11.39%NOK 236.12NOK 170.98n/a5
Mar ’25n/a
NOK 196.23
0%
8.38%NOK 229.05NOK 186.44n/a5
Feb ’25n/a
NOK 186.21
0%
0.61%NOK 187.96NOK 184.84n/a5
NOK 132.82
Fair Value
5.9% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/07 12:55
End of Day Share Price 2026/01/30 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Cmb.Tech NV is covered by 19 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David VagmanBNP Paribas
Lars KalbakkenCarnegie Investment Bank AB
Christian WetherbeeCitigroup Inc