DNO ASA

BATS-CHIXE:DNOO Stock Report

Market Cap: NOK 9.9b

DNO Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: DNOO (NOK9.88) is trading below our estimate of fair value (NOK36.24)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DNOO. This is calculated by dividing DNOO's market cap by their current earnings.
What is DNOO's PE Ratio?
PE Ratio11.8x
EarningsUS$75.40m
Market CapUS$890.77m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DNOO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.3x
DEC Diversified Energy
5.7x1.1%UK£652.0m
SQZ Serica Energy
6.1x-15.0%UK£554.0m
SEPL Seplat Energy
19.5x13.4%UK£1.3b
TLW Tullow Oil
25.9x18.8%UK£336.3m
DNOO DNO
11.8x15.3%NOK 9.9b

Price-To-Earnings vs Peers: DNOO is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (14.3x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ROSN Rosneft Oil
1.5xn/aUS$21.03b
INDI Indus Gas
0.9xn/aUS$17.25m
No more companies available in this PE range
No. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DNOO is expensive based on its Price-To-Earnings Ratio (11.8x) compared to the UK Oil and Gas industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is DNOO'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.

DNOO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DNOO'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 DNOO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 15.38
0%
16.2%NOK 18.00NOK 11.50n/a4
Nov ’25n/a
NOK 15.50
0%
14.8%NOK 18.00NOK 12.00n/a4
Oct ’25NOK 11.74
NOK 15.75
+34.2%
14.5%NOK 18.00NOK 12.00n/a4
Sep ’25n/a
NOK 14.63
0%
19.8%NOK 18.00NOK 11.50n/a4
Aug ’25n/a
NOK 14.63
0%
19.8%NOK 18.00NOK 11.50n/a4
Jul ’25n/a
NOK 14.38
0%
19.0%NOK 18.00NOK 11.50n/a4
Jun ’25n/a
NOK 14.00
0%
22.6%NOK 18.00NOK 10.00n/a4
May ’25n/a
NOK 14.00
0%
22.6%NOK 18.00NOK 10.00n/a4
Apr ’25n/a
NOK 14.00
0%
22.6%NOK 18.00NOK 10.00n/a4
Mar ’25n/a
NOK 14.38
0%
19.0%NOK 18.00NOK 11.50n/a4
Feb ’25n/a
NOK 15.13
0%
25.2%NOK 21.00NOK 11.50n/a4
Jan ’25n/a
NOK 15.50
0%
25.9%NOK 21.00NOK 11.50n/a3
Dec ’24NOK 10.25
NOK 15.50
+51.2%
25.9%NOK 21.00NOK 11.50n/a3
Nov ’24n/a
NOK 15.33
0%
26.3%NOK 21.00NOK 12.00n/a3
Oct ’24n/a
NOK 15.33
0%
26.3%NOK 21.00NOK 12.00NOK 11.743
Sep ’24n/a
NOK 15.33
0%
26.3%NOK 21.00NOK 12.00n/a3
Aug ’24n/a
NOK 16.67
0%
27.9%NOK 23.00NOK 12.00n/a3
Jul ’24NOK 9.54
NOK 18.00
+88.7%
25.8%NOK 23.00NOK 12.00n/a4
Jun ’24NOK 10.01
NOK 18.38
+83.7%
22.7%NOK 23.00NOK 13.50n/a4
May ’24n/a
NOK 19.63
0%
15.0%NOK 23.00NOK 16.00n/a4
Apr ’24NOK 10.20
NOK 18.50
+81.4%
13.8%NOK 22.00NOK 16.00n/a3
Mar ’24NOK 12.00
NOK 18.50
+54.2%
13.8%NOK 22.00NOK 16.00n/a3
Feb ’24NOK 12.58
NOK 18.50
+47.1%
13.8%NOK 22.00NOK 16.00n/a3
Jan ’24NOK 11.66
NOK 18.50
+58.7%
13.8%NOK 22.00NOK 16.00n/a3
Dec ’23NOK 12.42
NOK 18.50
+49.0%
13.8%NOK 22.00NOK 16.00NOK 10.253
Nov ’23NOK 13.39
NOK 19.63
+46.6%
15.0%NOK 23.00NOK 16.00n/a4

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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