Galp Energia, SGPS, S.A.

LSE:0B67 Stock Report

Market Cap: €12.3b

Galp Energia SGPS Valuation

Is 0B67 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 0B67 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0B67 (€15.88) is trading above our estimate of fair value (€11.61)

Significantly Below Fair Value: 0B67 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0B67?

Key metric: As 0B67 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0B67. This is calculated by dividing 0B67's market cap by their current earnings.
What is 0B67's PE Ratio?
PE Ratio9.2x
Earnings€1.34b
Market Cap€12.29b

Price to Earnings Ratio vs Peers

How does 0B67's PE Ratio compare to its peers?

The above table shows the PE ratio for 0B67 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.3x
BP. BP
28.4x28.5%UK£61.6b
SHEL Shell
13x5.0%UK£161.8b
HBR Harbour Energy
49.1x14.4%UK£3.8b
ITH Ithaca Energy
14.7x-8.4%UK£1.9b
0B67 Galp Energia SGPS
9.2x-11.2%€12.3b

Price-To-Earnings vs Peers: 0B67 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (26.3x).

Price to Earnings Ratio vs Industry

How does 0B67'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
0B67 9.2xIndustry Avg. 8.9xNo. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0B67 is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the UK Oil and Gas industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is 0B67'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.

0B67 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio11.9x

Price-To-Earnings vs Fair Ratio: 0B67 is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).

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 0B67 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.88
€20.62
+29.8%
11.9%€26.00€15.50n/a20
Nov ’25€15.90
€20.69
+30.2%
12.3%€27.00€16.50n/a19
Oct ’25€16.97
€21.65
+27.6%
12.7%€27.00€17.50n/a18
Sep ’25€18.89
€22.18
+17.5%
12.3%€28.00€17.50n/a18
Aug ’25€19.28
€22.23
+15.3%
11.9%€28.00€18.40n/a18
Jul ’25€19.77
€21.73
+9.9%
14.2%€28.00€14.00n/a18
Jun ’25€19.30
€21.68
+12.3%
14.2%€28.00€14.00n/a18
May ’25€20.43
€20.04
-1.9%
16.6%€25.00€14.00n/a18
Apr ’25€15.32
€15.34
+0.2%
13.6%€18.00€9.00n/a18
Mar ’25€14.86
€15.33
+3.1%
13.0%€18.00€9.00n/a19
Feb ’25€14.73
€15.02
+2.0%
14.7%€18.00€9.00n/a19
Jan ’25€13.34
€14.48
+8.5%
14.3%€19.00€9.00n/a19
Dec ’24€13.62
€14.54
+6.7%
14.3%€19.00€9.00n/a19
Nov ’24€14.33
€14.56
+1.6%
14.9%€19.00€9.00€15.9019
Oct ’24€14.12
€13.98
-1.0%
16.2%€19.00€9.00€16.9719
Sep ’24€13.05
€13.61
+4.3%
16.4%€19.00€9.00€18.8919
Aug ’24€12.02
€13.63
+13.4%
14.7%€18.00€10.00€19.2819
Jul ’24€10.74
€13.33
+24.1%
15.6%€18.00€10.00€19.7719
Jun ’24€10.14
€13.43
+32.4%
15.8%€18.00€10.00€19.3019
May ’24€10.76
€13.55
+25.9%
16.2%€19.00€10.30€20.4320
Apr ’24€10.46
€13.81
+31.9%
15.4%€19.00€10.60€15.3220
Mar ’24€11.12
€14.05
+26.3%
15.2%€19.00€10.00€14.8620
Feb ’24€12.54
€14.30
+14.0%
14.9%€19.00€10.00€14.7320
Jan ’24€12.67
€14.01
+10.5%
14.5%€17.00€10.00€13.3420
Dec ’23€11.76
€13.98
+18.8%
15.0%€18.00€10.00€13.6220
Nov ’23€10.55
€13.75
+30.3%
15.1%€18.00€10.00€14.3321

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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