TechnipFMC plc

LSE:0RMV Stock Report

Market Cap: €12.5b

TechnipFMC Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: 0RMV (€29.6) is trading below our estimate of fair value (€58.62)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0RMV. This is calculated by dividing 0RMV's market cap by their current earnings.
What is 0RMV's PE Ratio?
PE Ratio20.7x
EarningsUS$637.90m
Market CapUS$13.19b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0RMV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18x
HTG Hunting
4.6x-7.9%UK£478.4m
GMS Gulf Marine Services
5.5xn/aUK£173.9m
HBR Harbour Energy
48.4x14.4%UK£3.7b
ITH Ithaca Energy
13.3x-8.8%UK£1.7b
0RMV TechnipFMC
20.7x13.7%€13.2b

Price-To-Earnings vs Peers: 0RMV is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the peer average (18x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0RMV 20.7xIndustry Avg. 9.2xNo. of Companies7PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0RMV is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the European Energy Services industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0RMV'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.

0RMV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.7x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: 0RMV is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

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 0RMV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€29.60
€30.21
+2.1%
18.5%€35.02€8.05n/a23
Nov ’25€24.44
€28.93
+18.4%
18.7%€34.02€7.81n/a22
Oct ’25€24.25
€26.80
+10.5%
20.3%€33.14€7.61n/a22
Sep ’25€23.86
€27.03
+13.3%
20.3%€33.41€7.67n/a22
Aug ’25€26.80
€27.74
+3.5%
20.7%€34.29€7.88n/a23
Jul ’25€24.38
€26.23
+7.6%
19.6%€31.31€7.83n/a23
Jun ’25€24.00
€26.23
+9.3%
19.6%€31.31€7.83n/a23
May ’25€23.99
€26.22
+9.3%
19.7%€31.80€7.95n/a24
Apr ’25€23.24
€24.04
+3.5%
19.9%€30.72€7.91n/a24
Mar ’25€20.86
€23.15
+11.0%
18.5%€30.41€7.83n/a23
Feb ’25€17.95
€22.65
+26.2%
18.6%€29.24€7.77n/a23
Jan ’25€18.00
€22.67
+26.0%
18.7%€29.42€7.81n/a23
Dec ’24€19.13
€22.67
+18.5%
18.7%€29.42€7.81n/a23
Nov ’24€20.58
€22.87
+11.1%
19.7%€30.24€8.03€24.4423
Oct ’24€19.36
€20.35
+5.2%
18.4%€27.20€7.97€24.2523
Sep ’24€18.17
€19.47
+7.2%
17.3%€26.62€7.80€23.8623
Aug ’24€16.28
€18.55
+13.9%
19.2%€26.37€7.73€26.8023
Jul ’24€15.35
€16.66
+8.5%
15.4%€21.09€7.79€24.3821
Jun ’24€12.80
€16.26
+27.0%
14.3%€18.09€7.69€24.0021
May ’24€12.24
€16.43
+34.3%
14.4%€18.23€7.75€23.9921
Apr ’24€12.55
€16.80
+33.9%
15.6%€18.91€8.04€23.2422
Mar ’24n/a
€16.31
0%
17.3%€18.90€8.03€20.8622
Feb ’24n/a
€13.34
0%
12.5%€15.62€7.81€17.9522
Jan ’24n/a
€12.94
0%
16.6%€16.17€7.42€18.0022
Dec ’23n/a
€12.79
0%
17.1%€16.15€7.41€19.1321
Nov ’23n/a
€12.37
0%
16.4%€15.18€7.90€20.5822

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

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