BW Energy Limited

LSE:0ABD Stock Report

Market Cap: NOK 6.4b

BW Energy Valuation

Is 0ABD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 0ABD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0ABD (NOK22.45) is trading below our estimate of fair value (NOK349.86)

Significantly Below Fair Value: 0ABD is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0ABD?

Key metric: As 0ABD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0ABD. This is calculated by dividing 0ABD's market cap by their current earnings.
What is 0ABD's PE Ratio?
PE Ratio3.1x
EarningsUS$190.10m
Market CapUS$581.50m

Price to Earnings Ratio vs Peers

How does 0ABD's PE Ratio compare to its peers?

The above table shows the PE ratio for 0ABD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
SQZ Serica Energy
5.6x-19.4%UK£504.4m
TLW Tullow Oil
23.8x18.8%UK£306.3m
DEC Diversified Energy
5.6x1.1%UK£636.1m
ENQ EnQuest
12.5x-3.6%UK£204.1m
0ABD BW Energy
3.1x9.4%NOK 6.4b

Price-To-Earnings vs Peers: 0ABD is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

How does 0ABD'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$17.76m
No more companies available in this PE range
0ABD 3.1xIndustry Avg. 9.0xNo. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0ABD is good value based on its Price-To-Earnings Ratio (3.1x) compared to the UK Oil and Gas industry average (9.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0ABD'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.

0ABD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.1x
Fair PE Ratio12.4x

Price-To-Earnings vs Fair Ratio: 0ABD is good value based on its Price-To-Earnings Ratio (3.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).

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 0ABD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 22.45
NOK 35.80
+59.5%
13.8%NOK 41.07NOK 29.05n/a4
Nov ’25NOK 23.05
NOK 36.79
+59.6%
15.9%NOK 43.59NOK 29.38n/a4
Oct ’25NOK 23.20
NOK 37.55
+61.9%
16.9%NOK 44.29NOK 28.97n/a4
Sep ’25NOK 26.85
NOK 37.28
+38.9%
13.7%NOK 42.97NOK 31.50n/a4
Aug ’25NOK 31.15
NOK 38.79
+24.5%
11.7%NOK 43.50NOK 32.87n/a4
Jul ’25NOK 31.20
NOK 36.25
+16.2%
9.4%NOK 40.30NOK 31.93n/a3
Jun ’25NOK 33.60
NOK 35.24
+4.9%
11.3%NOK 39.71NOK 30.02n/a3
May ’25NOK 29.10
NOK 33.53
+15.2%
10.2%NOK 38.37NOK 31.01n/a3
Apr ’25NOK 26.65
NOK 32.54
+22.1%
9.5%NOK 36.91NOK 30.02n/a3
Mar ’25NOK 27.05
NOK 34.58
+27.8%
7.6%NOK 37.24NOK 30.98n/a3
Feb ’25NOK 27.97
NOK 34.94
+24.9%
4.3%NOK 36.74NOK 33.05n/a3
Jan ’25NOK 27.05
NOK 35.60
+31.6%
1.5%NOK 36.13NOK 35.08n/a2
Dec ’24NOK 25.08
NOK 37.03
+47.7%
1.0%NOK 37.39NOK 36.67n/a2
Nov ’24NOK 27.90
NOK 39.28
+40.8%
15.9%NOK 47.83NOK 33.01NOK 23.053
Oct ’24NOK 27.35
NOK 39.28
+43.6%
15.9%NOK 47.83NOK 33.01NOK 23.203
Sep ’24NOK 26.70
NOK 39.78
+49.0%
15.4%NOK 47.83NOK 33.01NOK 26.853
Aug ’24NOK 29.80
NOK 39.78
+33.5%
16.9%NOK 48.38NOK 32.01NOK 31.153
Jul ’24NOK 25.83
NOK 39.78
+54.0%
16.9%NOK 48.38NOK 32.01NOK 31.203
Jun ’24NOK 26.93
NOK 44.56
+65.5%
13.6%NOK 49.75NOK 36.03NOK 33.603
May ’24NOK 28.60
NOK 42.84
+49.8%
11.9%NOK 47.88NOK 35.88NOK 29.103
Apr ’24NOK 26.92
NOK 43.97
+63.3%
13.4%NOK 49.98NOK 35.95NOK 26.653
Mar ’24NOK 29.10
NOK 45.07
+54.9%
14.7%NOK 52.04NOK 36.18NOK 27.053
Feb ’24NOK 28.75
NOK 43.77
+52.3%
12.0%NOK 49.63NOK 36.90NOK 27.973
Jan ’24NOK 24.82
NOK 42.02
+69.3%
18.7%NOK 49.83NOK 31.26NOK 27.053
Dec ’23NOK 26.86
NOK 42.02
+56.5%
18.7%NOK 49.83NOK 31.26NOK 25.083
Nov ’23NOK 26.61
NOK 42.09
+58.2%
24.0%NOK 52.21NOK 31.97NOK 27.902

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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