Harbour Energy plc

BATS-CHIXE:HBRL Stock Report

Market Cap: UK£3.8b

Harbour Energy Valuation

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

Below Fair Value: HBRL (£2.64) is trading below our estimate of fair value (£4.73)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HBRL. This is calculated by dividing HBRL's market cap by their current earnings.
What is HBRL's PE Ratio?
PE Ratio48.9x
EarningsUS$97.00m
Market CapUS$4.74b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HBRL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.3x
ITH Ithaca Energy
14.9x-8.8%UK£1.9b
SEPL Seplat Energy
19.3x13.4%UK£1.3b
ENOG Energean
9.2x7.0%UK£2.0b
DEC Diversified Energy
5.8x1.1%UK£655.6m
HBRL Harbour Energy
48.9x14.4%UK£3.8b

Price-To-Earnings vs Peers: HBRL is expensive based on its Price-To-Earnings Ratio (48.9x) compared to the peer average (12.3x).

Price to Earnings Ratio vs Industry

How does HBRL'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$17.28m
No more companies available in this PE range
No. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HBRL is expensive based on its Price-To-Earnings Ratio (48.9x) compared to the UK Oil and Gas industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is HBRL'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.

HBRL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio48.9x
Fair PE Ratio16.9x

Price-To-Earnings vs Fair Ratio: HBRL is expensive based on its Price-To-Earnings Ratio (48.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.9x).

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 HBRL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£2.64
UK£3.70
+40.1%
17.3%UK£4.83UK£2.55n/a8
Nov ’25UK£2.75
UK£3.72
+35.4%
17.1%UK£4.84UK£2.57n/a8
Oct ’25UK£2.72
UK£3.62
+33.1%
16.1%UK£4.67UK£2.62n/a8
Sep ’25UK£2.99
UK£3.85
+28.7%
16.1%UK£4.74UK£2.69n/a7
Aug ’25UK£3.02
UK£3.81
+26.0%
16.1%UK£4.71UK£2.69n/a7
Jul ’25UK£3.12
UK£3.83
+22.8%
16.5%UK£4.80UK£2.75n/a7
Jun ’25UK£3.28
UK£3.74
+13.9%
20.5%UK£5.35UK£2.76n/a8
May ’25UK£2.87
UK£3.85
+33.9%
21.0%UK£5.59UK£2.82n/a8
Apr ’25UK£2.77
UK£3.83
+38.2%
22.3%UK£5.45UK£2.75n/a8
Mar ’25UK£2.64
UK£3.79
+43.6%
24.1%UK£5.44UK£2.80n/a8
Feb ’25UK£2.71
UK£3.73
+37.6%
25.6%UK£5.41UK£2.48n/a8
Jan ’25UK£3.10
UK£3.74
+20.8%
26.0%UK£5.71UK£2.49n/a8
Dec ’24UK£2.26
UK£3.56
+57.2%
22.3%UK£4.79UK£2.48n/a9
Nov ’24UK£2.46
UK£3.71
+51.3%
22.4%UK£5.01UK£2.59UK£2.759
Oct ’24UK£2.59
UK£3.73
+44.2%
22.9%UK£5.01UK£2.59UK£2.729
Sep ’24UK£2.53
UK£3.48
+37.3%
23.6%UK£4.80UK£2.12UK£2.9911
Aug ’24UK£2.61
UK£3.52
+34.9%
25.6%UK£4.76UK£2.10UK£3.0211
Jul ’24UK£2.29
UK£3.83
+67.3%
19.4%UK£4.81UK£2.84UK£3.1210
Jun ’24UK£2.34
UK£4.29
+83.6%
26.4%UK£6.30UK£2.88UK£3.2811
May ’24UK£2.47
UK£4.26
+72.4%
26.2%UK£6.28UK£2.89UK£2.8711
Apr ’24UK£2.77
UK£4.47
+61.3%
24.5%UK£6.40UK£3.06UK£2.7711
Mar ’24UK£2.95
UK£4.71
+59.3%
24.0%UK£6.51UK£3.11UK£2.6411
Feb ’24UK£3.12
UK£4.63
+48.3%
24.5%UK£6.64UK£3.08UK£2.7111
Jan ’24UK£3.04
UK£4.88
+60.8%
23.2%UK£6.44UK£3.13UK£3.1011
Dec ’23UK£3.19
UK£5.04
+57.9%
22.9%UK£6.57UK£3.19UK£2.2611
Nov ’23UK£3.81
UK£6.47
+69.6%
14.7%UK£7.97UK£4.95UK£2.4611

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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