Cmb.Tech NV

LSE:0K9A Stock Report

Market Cap: €2.2b

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.

Below Fair Value: 0K9A (€11.23) is trading above our estimate of fair value (€8.17)

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 Ratio1.9x
EarningsUS$1.18b
Market CapUS$2.31b

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 Average8.4x
NWF NWF Group
8x3.1%UK£72.7m
ITH Ithaca Energy
14.5x-8.8%UK£1.9b
ENOG Energean
9.1x7.0%UK£2.0b
YCA Yellow Cake
2.1x-93.6%UK£1.2b
0K9A Cmb.Tech
1.9x-51.6%€2.1b

Price-To-Earnings vs Peers: 0K9A is good value based on its Price-To-Earnings Ratio (1.9x) compared to the peer average (8.4x).

Price to Earnings Ratio vs Industry

How does 0K9A'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$18.53m
No more companies available in this PE range
0K9A 1.9xIndustry Avg. 9.2xNo. of Companies4PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0K9A is good value based on its Price-To-Earnings Ratio (1.9x) compared to the UK Oil and Gas industry average (9.2x).

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 Ratio1.9x
Fair PE Ratio5.2x

Price-To-Earnings vs Fair Ratio: 0K9A is good value based on its Price-To-Earnings Ratio (1.9x) compared to the estimated Fair Price-To-Earnings Ratio (5.2x).

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€11.23
€15.89
+41.5%
12.7%€17.98€13.16n/a3
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€15.99n/a5
Dec ’24€16.53
€16.59
+0.4%
2.1%€17.08€16.19n/a5
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
Dec ’23€18.33
€16.26
-11.3%
36.1%€22.47€8.73€16.534
Nov ’23€18.62
€14.97
-19.6%
37.6%€22.63€9.22€16.923

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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