OMV Aktiengesellschaft

LSE:0MKH Stock Report

Market Cap: €12.6b

OMV Valuation

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

Below Fair Value: 0MKH (€38.88) is trading below our estimate of fair value (€133.33)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0MKH. This is calculated by dividing 0MKH's market cap by their current earnings.
What is 0MKH's PE Ratio?
PE Ratio9.5x
Earnings€1.32b
Market Cap€12.57b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0MKH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.2x
BP. BP
28.1x28.5%UK£60.9b
SHEL Shell
12.8x5.0%UK£160.0b
HBR Harbour Energy
48.9x14.4%UK£3.8b
ITH Ithaca Energy
14.9x-8.8%UK£1.9b
0MKH OMV
9.5x16.8%€12.6b

Price-To-Earnings vs Peers: 0MKH is good value based on its Price-To-Earnings Ratio (9.5x) compared to the peer average (26.2x).

Price to Earnings Ratio vs Industry

How does 0MKH'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$17.28m
No more companies available in this PE range
0MKH 9.5xIndustry Avg. 9.2xNo. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0MKH is expensive based on its Price-To-Earnings Ratio (9.5x) compared to the UK Oil and Gas industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0MKH'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.

0MKH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.5x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: 0MKH is good value based on its Price-To-Earnings Ratio (9.5x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).

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 0MKH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€38.88
€43.37
+11.5%
10.8%€56.40€36.00n/a16
Nov ’25€38.09
€43.79
+15.0%
11.0%€56.40€36.00n/a16
Oct ’25€38.32
€43.97
+14.7%
12.0%€56.40€35.00n/a15
Sep ’25€39.38
€45.63
+15.9%
11.6%€56.40€36.00n/a15
Aug ’25€38.56
€45.63
+18.3%
11.6%€56.40€36.00n/a15
Jul ’25€40.88
€46.29
+13.2%
10.7%€56.40€36.00n/a15
Jun ’25€46.24
€46.69
+1.0%
10.0%€56.40€36.00n/a15
May ’25€44.68
€45.18
+1.1%
12.7%€56.40€34.10n/a15
Apr ’25€43.87
€43.93
+0.1%
15.7%€56.40€33.00n/a14
Mar ’25€40.97
€44.60
+8.9%
15.9%€55.00€33.00n/a15
Feb ’25€41.68
€44.86
+7.6%
15.8%€55.00€33.00n/a15
Jan ’25€39.47
€46.99
+19.1%
13.6%€55.00€34.10n/a14
Dec ’24€39.38
€47.16
+19.8%
13.0%€55.00€34.10n/a15
Nov ’24€40.99
€48.40
+18.1%
13.1%€59.00€36.60€38.0915
Oct ’24€45.67
€47.87
+4.8%
13.8%€59.00€36.60€38.3215
Sep ’24€44.13
€49.32
+11.7%
17.6%€68.00€36.60€39.3816
Aug ’24€40.54
€49.47
+22.0%
17.1%€68.00€36.60€38.5617
Jul ’24€38.84
€50.57
+30.2%
16.8%€68.00€36.60€40.8817
Jun ’24€42.63
€52.77
+23.8%
14.4%€68.00€40.54€46.2417
May ’24€41.98
€53.01
+26.3%
14.3%€68.00€40.54€44.6817
Apr ’24€42.26
€53.76
+27.2%
13.2%€68.00€40.54€43.8717
Mar ’24€45.90
€54.50
+18.7%
14.3%€68.00€40.32€40.9717
Feb ’24€45.46
€55.07
+21.1%
14.7%€68.00€41.90€41.6818
Jan ’24€48.53
€56.52
+16.5%
13.1%€68.00€42.30€39.4718
Dec ’23€49.66
€55.29
+11.3%
14.4%€68.00€42.30€39.3819
Nov ’23€46.92
€55.53
+18.3%
14.9%€66.50€42.30€40.9919

Analyst Forecast: Target price is less than 20% higher than the current share price.

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