BlueNord ASA

LSE:0HTF Stock Report

Market Cap: NOK 13.7b

BlueNord Valuation

Is 0HTF 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0HTF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 701.52
Fair Value
25.7% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: 0HTF (NOK521.02) is trading below our estimate of fair value (NOK701.52)

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

Key Valuation Metric

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

Key metric: As 0HTF is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0HTF. This is calculated by dividing 0HTF's market cap by their current revenue.
What is 0HTF's PS Ratio?
PS Ratio1.7x
SalesUS$794.30m
Market CapUS$1.34b

Price to Sales Ratio vs Peers

How does 0HTF's PS Ratio compare to its peers?

The above table shows the PS ratio for 0HTF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.3x
DEC Diversified Energy
1.5x19.94%UK£860.3m
SQZ Serica Energy
1.2x1.22%UK£644.6m
SEPL Seplat Energy
1.1x14.11%UK£1.4b
ITH Ithaca Energy
1.6x3.60%UK£2.7b
0HTF BlueNord
1.7x7.33%NOK 13.7b

Price-To-Sales vs Peers: 0HTF is expensive based on its Price-To-Sales Ratio (1.7x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does 0HTF's PS Ratio compare vs other companies in the GB Oil and Gas Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
ROSN Rosneft Oil
0.1xn/aUS$21.03b
ENQ EnQuest
0.3x-5.27%US$316.06m
TLW Tullow Oil
0.2x-12.86%US$302.41m
NWF NWF Group
0.09x7.20%US$113.18m
0HTF 1.7xIndustry Avg. 1.5xNo. of Companies11PS01.22.43.64.86+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0HTF is expensive based on its Price-To-Sales Ratio (1.7x) compared to the UK Oil and Gas industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is 0HTF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0HTF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ratio1.7x

Price-To-Sales vs Fair Ratio: 0HTF is good value based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).

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 0HTF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 521.02
NOK 650.20
+24.79%
10.26%NOK 730.00NOK 530.00n/a5
Jul ’26NOK 490.40
NOK 685.25
+39.73%
3.92%NOK 730.00NOK 660.00n/a4
Jun ’26NOK 587.83
NOK 718.20
+22.18%
8.26%NOK 800.00NOK 660.00n/a5
May ’26NOK 596.64
NOK 728.20
+22.05%
9.86%NOK 830.00NOK 660.00n/a5
Apr ’26NOK 644.25
NOK 740.00
+14.86%
10.25%NOK 830.00NOK 660.00n/a4
Mar ’26NOK 666.00
NOK 745.00
+11.86%
9.52%NOK 830.00NOK 670.00n/a4
Feb ’26NOK 671.00
NOK 720.00
+7.30%
8.95%NOK 830.00NOK 670.00n/a4
Jan ’26NOK 655.48
NOK 720.00
+9.84%
8.95%NOK 830.00NOK 670.00n/a4
Dec ’25NOK 588.00
NOK 720.00
+22.45%
8.95%NOK 830.00NOK 670.00n/a4
Nov ’25NOK 535.00
NOK 686.67
+28.35%
11.91%NOK 800.00NOK 610.00n/a3
Oct ’25NOK 477.50
NOK 678.33
+42.06%
13.27%NOK 800.00NOK 585.00n/a3
Sep ’25NOK 479.00
NOK 686.67
+43.35%
11.91%NOK 800.00NOK 610.00n/a3
Aug ’25NOK 508.00
NOK 686.67
+35.17%
11.91%NOK 800.00NOK 610.00n/a3
Jul ’25NOK 563.00
NOK 707.50
+25.67%
13.07%NOK 800.00NOK 615.00NOK 490.402
Jun ’25NOK 550.00
NOK 681.67
+23.94%
12.31%NOK 800.00NOK 615.00NOK 587.833
May ’25NOK 569.00
NOK 640.67
+12.60%
1.28%NOK 650.00NOK 630.00NOK 596.643
Apr ’25NOK 573.10
NOK 644.00
+12.37%
1.91%NOK 660.00NOK 630.00NOK 644.253
Mar ’25NOK 552.06
NOK 650.67
+17.86%
1.13%NOK 660.00NOK 642.00NOK 666.003
Feb ’25NOK 501.95
NOK 649.33
+29.36%
1.39%NOK 660.00NOK 638.00NOK 671.003
Jan ’25NOK 497.50
NOK 619.00
+24.42%
3.07%NOK 638.00NOK 600.00NOK 655.482
Dec ’24NOK 496.00
NOK 619.00
+24.80%
3.07%NOK 638.00NOK 600.00NOK 588.002
Nov ’24NOK 591.00
NOK 619.00
+4.74%
3.07%NOK 638.00NOK 600.00NOK 535.002
Oct ’24NOK 518.00
NOK 573.00
+10.62%
4.71%NOK 600.00NOK 546.00NOK 477.502
Sep ’24NOK 492.00
NOK 573.00
+16.46%
4.71%NOK 600.00NOK 546.00NOK 479.002
Aug ’24NOK 439.73
NOK 573.00
+30.31%
4.71%NOK 600.00NOK 546.00NOK 508.002
Jul ’24NOK 408.96
NOK 572.50
+39.99%
4.80%NOK 600.00NOK 545.00NOK 563.002
AnalystConsensusTarget
Consensus Narrative from 5 Analysts
NOK 655.26
Fair Value
20.5% undervalued intrinsic discount
5
Number of Analysts

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 Analysis2025/07/15 12:27
End of Day Share Price 2025/07/15 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

BlueNord ASA is covered by 17 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Anna-Karin HempelArctic Securities ASA
Morten LindbäckBeringer Finance AB