Archer Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: 0RBA (NOK23.09) is trading below our estimate of fair value (NOK131.72)

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

Key Valuation Metric

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

Key metric: As 0RBA is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0RBA. This is calculated by dividing 0RBA's market cap by their current revenue.
What is 0RBA's PS Ratio?
PS Ratio	0.2x
Sales	US$1.06b
Market Cap	US$188.83m

0RBA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.5x
Enterprise Value/EBITDA	4.4x
PEG Ratio	1.5x

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 0RBA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.7x
GMS Gulf Marine Services	1.5x	5.3%	UK£187.8m
WG. John Wood Group	0.08x	3.3%	UK£362.6m
JSE Jadestone Energy	0.4x	2.8%	UK£132.5m
HSP Hargreaves Services	0.9x	3.0%	UK£193.8m
0RBA Archer	0.2x	8.9%	NOK 2.1b

Price-To-Sales vs Peers: 0RBA is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does 0RBA's PS Ratio compare vs other companies in the European Energy Services Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 0RBA is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Energy Services industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is 0RBA'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.

0RBA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.4x

Price-To-Sales vs Fair Ratio: 0RBA is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

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 0RBA forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NOK 23.09	NOK 43.33 +87.7%	10.7%	NOK 48.00	NOK 37.00	n/a	3
Nov ’25	NOK 24.40	NOK 47.67 +95.4%	4.3%	NOK 50.00	NOK 45.00	n/a	3
Oct ’25	NOK 22.82	NOK 47.67 +108.9%	4.3%	NOK 50.00	NOK 45.00	n/a	3
Sep ’25	NOK 23.77	NOK 47.67 +100.5%	4.3%	NOK 50.00	NOK 45.00	n/a	3
Aug ’25	NOK 27.37	NOK 47.67 +74.2%	4.3%	NOK 50.00	NOK 45.00	n/a	3
Jul ’25	NOK 27.84	NOK 47.67 +71.2%	4.3%	NOK 50.00	NOK 45.00	n/a	3
Jun ’25	NOK 31.10	NOK 46.50 +49.5%	3.2%	NOK 48.00	NOK 45.00	n/a	2
May ’25	NOK 25.95	NOK 41.88 +61.4%	4.5%	NOK 43.75	NOK 40.00	n/a	2
Apr ’25	NOK 28.25	NOK 41.88 +48.2%	4.5%	NOK 43.75	NOK 40.00	n/a	2
Mar ’25	NOK 22.80	NOK 41.88 +83.7%	4.5%	NOK 43.75	NOK 40.00	n/a	2
Feb ’25	NOK 24.85	NOK 41.88 +68.5%	4.5%	NOK 43.75	NOK 40.00	n/a	2
Jan ’25	NOK 21.95	NOK 38.75 +76.5%	3.2%	NOK 40.00	NOK 37.50	n/a	2
Dec ’24	NOK 21.25	NOK 38.75 +82.4%	3.2%	NOK 40.00	NOK 37.50	n/a	2
Nov ’24	NOK 22.65	NOK 38.75 +71.1%	3.2%	NOK 40.00	NOK 37.50	NOK 24.40	2
Oct ’24	NOK 23.05	NOK 38.75 +68.1%	3.2%	NOK 40.00	NOK 37.50	NOK 22.82	2
Sep ’24	NOK 24.50	NOK 38.75 +58.2%	3.2%	NOK 40.00	NOK 37.50	NOK 23.77	2

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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