Cmb.Tech NV

LSE:0K9A Stock Report

Market Cap: €2.1b

Cmb.Tech Valuation

Is 0K9A 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 0K9A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€4.56
Fair Value
135.9% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: 0K9A (€10.76) is trading above our estimate of fair value (€4.56)

Significantly Below Fair Value: 0K9A is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0K9A?

Key metric: As 0K9A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0K9A. This is calculated by dividing 0K9A's market cap by their current earnings.
What is 0K9A's PE Ratio?
PE Ratio1.8x
EarningsUS$1.18b
Market CapUS$2.15b

Price to Earnings Ratio vs Peers

How does 0K9A's PE Ratio compare to its peers?

The above table shows the PE ratio for 0K9A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.8x
NWF NWF Group
8.3x4.4%UK£75.7m
ENOG Energean
8.3x2.2%UK£1.9b
YCA Yellow Cake
7.4x1.3%UK£1.1b
ITH Ithaca Energy
23.3x3.1%UK£2.1b
0K9A Cmb.Tech
1.8x-50.2%€2.1b

Price-To-Earnings vs Peers: 0K9A is good value based on its Price-To-Earnings Ratio (1.8x) compared to the peer average (11.8x).

Price to Earnings Ratio vs Industry

How does 0K9A'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
0K9A 1.8xIndustry Avg. 8.3xNo. of Companies5PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0K9A is good value based on its Price-To-Earnings Ratio (1.8x) compared to the UK Oil and Gas industry average (8.3x).

Price to Earnings Ratio vs Fair Ratio

What is 0K9A'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.

0K9A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.8x
Fair PE Ratio5.4x

Price-To-Earnings vs Fair Ratio: 0K9A is good value based on its Price-To-Earnings Ratio (1.8x) compared to the estimated Fair Price-To-Earnings Ratio (5.4x).

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 0K9A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€10.76
€15.95
+48.3%
11.3%€18.24€13.35n/a4
Jan ’26€9.94
€15.95
+60.5%
11.3%€18.24€13.35n/a4
Dec ’25€11.24
€15.95
+41.9%
11.3%€18.24€13.35n/a4
Nov ’25€12.81
€16.51
+28.9%
6.8%€17.82€15.07n/a3
Oct ’25€15.16
€15.83
+4.4%
6.4%€17.26€14.77n/a4
Sep ’25€14.67
€16.33
+11.3%
5.4%€17.45€14.99n/a4
Aug ’25€16.32
€15.71
-3.7%
8.6%€17.59€14.54n/a3
Jul ’25€15.60
€15.33
-1.7%
5.3%€16.45€14.54n/a3
Jun ’25€15.17
€15.33
+1.0%
5.3%€16.45€14.54n/a3
May ’25€15.61
€16.81
+7.7%
9.4%€19.14€14.69n/a4
Apr ’25€15.30
€17.38
+13.6%
11.4%€20.16€14.60n/a5
Mar ’25€16.36
€17.22
+5.2%
8.4%€20.10€16.36n/a5
Feb ’25€16.46
€16.41
-0.3%
0.6%€16.56€16.28n/a5
Jan ’25€15.93
€16.25
+2.1%
1.8%€16.78€15.99€9.945
Dec ’24€16.53
€16.59
+0.4%
2.1%€17.08€16.19€11.245
Nov ’24€16.92
€17.83
+5.3%
5.9%€19.90€16.96€12.815
Oct ’24€15.50
€18.81
+21.3%
10.9%€22.24€16.60€15.166
Sep ’24€15.74
€18.81
+19.5%
10.9%€22.24€16.60€14.676
Aug ’24€14.95
€18.05
+20.7%
12.8%€20.49€14.83€16.324
Jul ’24€13.88
€18.63
+34.2%
12.1%€20.66€14.96€15.605
Jun ’24€13.90
€18.78
+35.1%
12.5%€21.18€15.00€15.175
May ’24€15.50
€18.45
+19.1%
13.7%€20.51€14.89€15.613
Apr ’24€15.32
€16.71
+9.1%
18.1%€20.94€14.00€15.303
Mar ’24€17.26
€16.71
-3.1%
18.1%€20.94€14.00€16.363
Feb ’24€14.52
€16.46
+13.4%
17.6%€20.54€13.95€16.463
Jan ’24€15.80
€16.50
+4.4%
38.6%€24.21€8.57€15.934
Analyst Price Target
Consensus Narrative from 4 Analysts
€15.86
Fair Value
32.2% undervalued intrinsic discount
4
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 Analysis2025/01/12 18:35
End of Day Share Price 2025/01/10 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

Cmb.Tech NV is covered by 24 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
Mark van der GeestABN AMRO Bank N.V.
David VagmanBNP Paribas Exane
Lars KalbakkenCarnegie Investment Bank AB