DNO ASA

LSE:0MHP Stock Report

Market Cap: NOK 9.9b

DNO Valuation

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

Below Fair Value: 0MHP (NOK10.07) is trading below our estimate of fair value (NOK36.94)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0MHP. This is calculated by dividing 0MHP's market cap by their current earnings.
What is 0MHP's PE Ratio?
PE Ratio11.8x
EarningsUS$75.40m
Market CapUS$890.77m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0MHP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.3x
DEC Diversified Energy
5.7x1.1%UK£652.0m
SQZ Serica Energy
6.1x-15.0%UK£554.0m
SEPL Seplat Energy
19.5x13.4%UK£1.3b
TLW Tullow Oil
25.9x18.8%UK£336.3m
0MHP DNO
11.8x15.3%NOK 9.9b

Price-To-Earnings vs Peers: 0MHP is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (14.3x).

Price to Earnings Ratio vs Industry

How does 0MHP'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
0MHP 11.8xIndustry Avg. 8.9xNo. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0MHP is expensive based on its Price-To-Earnings Ratio (11.8x) compared to the UK Oil and Gas industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is 0MHP'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.

0MHP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio13.8x

Price-To-Earnings vs Fair Ratio: 0MHP is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).

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 0MHP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 10.07
NOK 15.38
+52.6%
16.2%NOK 18.00NOK 11.50n/a4
Nov ’25NOK 10.69
NOK 15.50
+45.0%
14.8%NOK 18.00NOK 12.00n/a4
Oct ’25NOK 11.61
NOK 15.75
+35.7%
14.5%NOK 18.00NOK 12.00n/a4
Sep ’25NOK 11.84
NOK 14.63
+23.5%
19.8%NOK 18.00NOK 11.50n/a4
Aug ’25NOK 11.10
NOK 14.63
+31.7%
19.8%NOK 18.00NOK 11.50n/a4
Jul ’25NOK 11.38
NOK 14.38
+26.4%
19.0%NOK 18.00NOK 11.50n/a4
Jun ’25NOK 11.56
NOK 14.00
+21.1%
22.6%NOK 18.00NOK 10.00n/a4
May ’25NOK 10.41
NOK 14.00
+34.5%
22.6%NOK 18.00NOK 10.00n/a4
Apr ’25NOK 9.65
NOK 14.00
+45.0%
22.6%NOK 18.00NOK 10.00n/a4
Mar ’25NOK 9.18
NOK 14.38
+56.6%
19.0%NOK 18.00NOK 11.50n/a4
Feb ’25NOK 9.21
NOK 15.13
+64.3%
25.2%NOK 21.00NOK 11.50n/a4
Jan ’25NOK 10.07
NOK 15.50
+53.9%
25.9%NOK 21.00NOK 11.50n/a3
Dec ’24NOK 10.29
NOK 15.50
+50.6%
25.9%NOK 21.00NOK 11.50n/a3
Nov ’24NOK 11.27
NOK 15.33
+36.1%
26.3%NOK 21.00NOK 12.00NOK 10.693
Oct ’24NOK 10.59
NOK 15.33
+44.8%
26.3%NOK 21.00NOK 12.00NOK 11.613
Sep ’24NOK 10.17
NOK 15.33
+50.8%
26.3%NOK 21.00NOK 12.00NOK 11.843
Aug ’24NOK 11.15
NOK 16.67
+49.5%
27.9%NOK 23.00NOK 12.00NOK 11.103
Jul ’24NOK 9.52
NOK 18.00
+89.1%
25.8%NOK 23.00NOK 12.00NOK 11.384
Jun ’24NOK 9.99
NOK 18.38
+84.0%
22.7%NOK 23.00NOK 13.50NOK 11.564
May ’24NOK 10.59
NOK 19.63
+85.3%
15.0%NOK 23.00NOK 16.00NOK 10.414
Apr ’24NOK 10.26
NOK 18.50
+80.4%
13.8%NOK 22.00NOK 16.00NOK 9.653
Mar ’24NOK 12.00
NOK 18.50
+54.2%
13.8%NOK 22.00NOK 16.00NOK 9.183
Feb ’24NOK 12.28
NOK 18.50
+50.7%
13.8%NOK 22.00NOK 16.00NOK 9.213
Jan ’24NOK 11.77
NOK 18.50
+57.2%
13.8%NOK 22.00NOK 16.00NOK 10.073
Dec ’23NOK 12.53
NOK 18.50
+47.6%
13.8%NOK 22.00NOK 16.00NOK 10.293
Nov ’23NOK 13.53
NOK 19.63
+45.0%
15.0%NOK 23.00NOK 16.00NOK 11.274

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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