Africa Oil Corp.

LSE:0QVL Stock Report

Market Cap: SEK 8.8b

Africa Oil Valuation

Is 0QVL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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

Discounted Cash Flow
Simply Wall St
SEK 199.65
Fair Value
93.5% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: 0QVL (SEK13.05) is trading below our estimate of fair value (SEK199.65)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for 0QVL. This is calculated by dividing 0QVL's market cap by their current revenue.
What is 0QVL's PS Ratio?
PS Ratio11.8x
SalesUS$76.40m
Market CapUS$900.05m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 0QVL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.8x
AET Afentra
0.7x-1.09%UK£85.7m
SEA Seascape Energy Asia
15.8xn/aUK£21.5m
ENOG Energean
1.8x10.79%UK£1.7b
SQZ Serica Energy
1.1x6.82%UK£566.0m
0QVL Africa Oil
11.8x76.35%SEK 1.3b

Price-To-Sales vs Peers: 0QVL is expensive based on its Price-To-Sales Ratio (11.8x) compared to the peer average (4.8x).

Price to Sales Ratio vs Industry

How does 0QVL'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-8.54%US$300.46m
TLW Tullow Oil
0.2x-12.43%US$288.92m
NWF NWF Group
0.09x7.46%US$109.43m
0QVL 11.8xIndustry Avg. 1.4xNo. of Companies11PS01.22.43.64.86+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0QVL is expensive based on its Price-To-Sales Ratio (11.8x) compared to the UK Oil and Gas industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 0QVL'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.

0QVL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio11.8x
Fair PS Ratio3.5x

Price-To-Sales vs Fair Ratio: 0QVL is expensive based on its Price-To-Sales Ratio (11.8x) compared to the estimated Fair Price-To-Sales Ratio (3.5x).

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 0QVL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 13.22
SEK 19.92
+50.69%
10.00%SEK 22.30SEK 17.43n/a3
May ’26SEK 12.73
SEK 19.47
+53.00%
8.62%SEK 21.39SEK 17.30n/a3
Apr ’26SEK 14.46
SEK 20.90
+44.55%
6.15%SEK 22.54SEK 19.40n/a3
Mar ’26SEK 14.18
SEK 23.21
+63.66%
9.24%SEK 26.30SEK 20.51n/a4
Feb ’26SEK 14.62
SEK 23.80
+62.77%
9.42%SEK 26.73SEK 20.92n/a4
Jan ’26SEK 14.88
SEK 24.22
+62.74%
9.29%SEK 27.18SEK 21.35n/a4
Dec ’25SEK 15.31
SEK 24.06
+57.17%
8.61%SEK 26.87SEK 21.60n/a4
Nov ’25SEK 13.86
SEK 23.37
+68.62%
8.56%SEK 26.04SEK 21.02n/a4
Oct ’25SEK 13.46
SEK 24.63
+82.99%
8.65%SEK 26.36SEK 21.05n/a4
Sep ’25SEK 15.52
SEK 24.49
+57.79%
8.83%SEK 26.38SEK 20.88n/a4
Aug ’25SEK 18.30
SEK 25.48
+39.22%
8.49%SEK 27.17SEK 21.82n/a4
Jul ’25SEK 19.02
SEK 25.50
+34.09%
8.50%SEK 27.21SEK 21.84n/a4
Jun ’25SEK 19.40
SEK 25.25
+30.16%
9.25%SEK 27.54SEK 22.04n/a3
May ’25SEK 19.70
SEK 25.61
+30.00%
9.05%SEK 27.82SEK 22.41SEK 12.733
Apr ’25SEK 18.80
SEK 24.66
+31.17%
9.42%SEK 26.98SEK 21.49SEK 14.463
Mar ’25SEK 16.05
SEK 24.28
+51.28%
9.46%SEK 26.61SEK 21.16SEK 14.183
Feb ’25SEK 19.86
SEK 24.67
+24.20%
9.46%SEK 27.04SEK 21.50SEK 14.623
Jan ’25SEK 18.96
SEK 25.85
+36.32%
13.38%SEK 28.70SEK 20.98SEK 14.883
Dec ’24SEK 19.60
SEK 25.34
+29.26%
14.32%SEK 28.97SEK 21.71SEK 15.312
Nov ’24SEK 20.86
SEK 26.23
+25.71%
14.39%SEK 30.00SEK 22.45SEK 13.862
Oct ’24SEK 22.47
SEK 26.42
+17.58%
14.91%SEK 30.36SEK 22.48SEK 13.462
Sep ’24SEK 26.05
SEK 26.40
+1.34%
14.84%SEK 30.32SEK 22.48SEK 15.522
Aug ’24SEK 24.75
SEK 25.12
+1.50%
16.12%SEK 29.17SEK 21.07SEK 18.302
Jul ’24SEK 22.61
SEK 25.32
+12.01%
12.80%SEK 28.56SEK 22.08SEK 19.022
Jun ’24SEK 23.08
SEK 25.08
+8.64%
11.18%SEK 27.88SEK 22.27SEK 19.402
May ’24SEK 20.12
SEK 23.98
+19.17%
11.31%SEK 26.69SEK 21.26SEK 19.702
AnalystConsensusTarget
Consensus Narrative from 3 Analysts
SEK 20.04
Fair Value
34.9% undervalued intrinsic discount
3
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 Analysis2025/05/16 21:21
End of Day Share Price 2025/05/16 00:00
Earnings2025/03/31
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

Africa Oil Corp. is covered by 41 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anders HolteABG Sundal Collier
Lydia RainforthBarclays
Alessandro PozziBarclays