International Petroleum Corporation

BATS-CHIXE:IPCOS Stock Report

Market Cap: SEK 13.9b

International Petroleum Valuation

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

Below Fair Value: IPCOS (SEK120.6) is trading below our estimate of fair value (SEK771.91)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for IPCOS. This is calculated by dividing IPCOS's market cap by their current earnings.
What is IPCOS's PE Ratio?
PE Ratio9.6x
EarningsUS$131.49m
Market CapUS$1.26b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for IPCOS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.1x
SEPL Seplat Energy
18.2x13.4%UK£1.2b
ITH Ithaca Energy
19.2x-3.9%UK£1.7b
DEC Diversified Energy
5.5x2.4%UK£625.8m
SQZ Serica Energy
5.6x-18.3%UK£506.8m
IPCOS International Petroleum
9.6x7.1%SEK 1.8b

Price-To-Earnings vs Peers: IPCOS is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (12.1x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ROSN Rosneft Oil
1.5xn/aUS$21.03b
No more companies available in this PE range
No. of Companies4PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IPCOS is expensive based on its Price-To-Earnings Ratio (9.6x) compared to the UK Oil and Gas industry average (9.1x).

Price to Earnings Ratio vs Fair Ratio

What is IPCOS'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.

IPCOS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate IPCOS'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 IPCOS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 120.60
SEK 153.47
+27.3%
9.3%SEK 170.85SEK 132.81n/a5
Dec ’25n/a
SEK 158.40
0%
6.7%SEK 173.78SEK 140.72n/a5
Nov ’25SEK 121.10
SEK 154.34
+27.4%
6.7%SEK 168.40SEK 137.09n/a5
Oct ’25SEK 123.40
SEK 155.56
+26.1%
6.5%SEK 167.29SEK 136.91n/a5
Sep ’25n/a
SEK 154.52
0%
5.5%SEK 165.27SEK 139.43n/a5
Aug ’25n/a
SEK 157.55
0%
5.2%SEK 162.28SEK 143.38n/a4
Jul ’25SEK 142.60
SEK 149.53
+4.9%
3.4%SEK 154.55SEK 142.81n/a4
Jun ’25n/a
SEK 157.71
0%
7.8%SEK 180.41SEK 145.40n/a5
May ’25n/a
SEK 160.55
0%
7.8%SEK 184.63SEK 149.35n/a5
Apr ’25n/a
SEK 133.26
0%
3.5%SEK 141.60SEK 128.78n/a5
Mar ’25SEK 108.23
SEK 128.47
+18.7%
4.9%SEK 137.83SEK 118.23n/a5
Feb ’25n/a
SEK 131.35
0%
4.1%SEK 139.21SEK 124.00n/a5
Jan ’25n/a
SEK 130.12
0%
4.1%SEK 139.58SEK 124.78n/a5
Dec ’24SEK 116.60
SEK 135.51
+16.2%
6.2%SEK 144.69SEK 122.88n/a6
Nov ’24SEK 117.05
SEK 145.62
+24.4%
5.6%SEK 153.05SEK 132.90SEK 121.106
Oct ’24n/a
SEK 141.42
0%
9.3%SEK 156.82SEK 123.61SEK 123.406
Sep ’24SEK 103.00
SEK 139.60
+35.5%
9.4%SEK 154.58SEK 121.85n/a6
Aug ’24n/a
SEK 136.53
0%
8.8%SEK 151.87SEK 119.68n/a6
Jul ’24SEK 85.03
SEK 138.97
+63.4%
7.7%SEK 154.36SEK 126.51SEK 142.606
Jun ’24SEK 87.86
SEK 140.11
+59.5%
7.1%SEK 155.60SEK 127.53n/a7
May ’24SEK 98.26
SEK 136.21
+38.6%
8.4%SEK 152.57SEK 122.06n/a7
Apr ’24SEK 98.08
SEK 136.62
+39.3%
8.1%SEK 152.10SEK 123.84n/a7
Mar ’24SEK 101.65
SEK 141.47
+39.2%
8.8%SEK 157.73SEK 126.17SEK 108.237
Feb ’24SEK 115.30
SEK 148.76
+29.0%
10.1%SEK 164.68SEK 125.00n/a7
Jan ’24SEK 116.20
SEK 146.34
+25.9%
7.7%SEK 160.69SEK 128.64n/a6
Dec ’23SEK 117.40
SEK 149.00
+26.9%
7.9%SEK 163.24SEK 130.56SEK 116.606

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 07:25
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

International Petroleum Corporation is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John A. OlaisenABG Sundal Collier
Laique Ahmad Amir ArifATB Capital Markets
Patrick O'RourkeATB Capital Markets