Freehold Royalties Ltd.

LSE:0UWL Stock Report

Market Cap: CA$1.9b

Freehold Royalties Valuation

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

Below Fair Value: 0UWL (CA$12.61) is trading below our estimate of fair value (CA$41.37)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0UWL. This is calculated by dividing 0UWL's market cap by their current earnings.
What is 0UWL's PE Ratio?
PE Ratio14x
EarningsCA$132.65m
Market CapCA$1.85b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0UWL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.1x
SEPL Seplat Energy
18.2x13.4%UK£1.2b
ITH Ithaca Energy
19.2x-3.9%UK£1.7b
DEC Diversified Energy
5.5x2.4%UK£625.8m
SQZ Serica Energy
5.6x-18.3%UK£506.8m
0UWL Freehold Royalties
14xn/aCA$1.9b

Price-To-Earnings vs Peers: 0UWL is expensive based on its Price-To-Earnings Ratio (14x) compared to the peer average (12x).

Price to Earnings Ratio vs Industry

How does 0UWL'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
0.8xn/aUS$16.98m
No more companies available in this PE range
0UWL 14.0xIndustry Avg. 9.1xNo. of Companies4PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0UWL is expensive based on its Price-To-Earnings Ratio (14x) compared to the UK Oil and Gas industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0UWL'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.

0UWL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0UWL's Price-To-Earnings Fair Ratio for valuation analysis.

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 0UWL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$12.61
CA$17.15
+36.0%
8.5%CA$21.00CA$15.00n/a15
Dec ’25CA$14.00
CA$17.20
+22.9%
8.2%CA$21.00CA$15.00n/a15
Nov ’25CA$13.65
CA$17.20
+26.0%
8.2%CA$21.00CA$15.00n/a15
Oct ’25CA$14.28
CA$17.57
+23.0%
7.9%CA$21.00CA$15.00n/a14
Sep ’25CA$13.84
CA$17.68
+27.7%
7.7%CA$21.00CA$15.00n/a14
Aug ’25CA$14.21
CA$17.68
+24.4%
7.7%CA$21.00CA$15.00n/a14
Jul ’25n/a
CA$17.93
0%
7.4%CA$21.00CA$15.00n/a14
Jun ’25CA$13.62
CA$17.93
+31.6%
7.4%CA$21.00CA$15.00n/a14
May ’25CA$14.18
CA$17.89
+26.2%
7.5%CA$21.00CA$15.00n/a14
Apr ’25n/a
CA$17.88
0%
7.8%CA$21.00CA$15.00n/a14
Mar ’25CA$13.90
CA$18.25
+31.3%
6.2%CA$20.00CA$16.00n/a13
Feb ’25CA$14.08
CA$18.30
+30.0%
6.2%CA$20.00CA$16.00n/a14
Jan ’25CA$13.71
CA$19.05
+39.0%
5.4%CA$20.50CA$16.75n/a14
Dec ’24CA$14.03
CA$19.08
+36.0%
7.2%CA$20.50CA$15.50CA$14.0015
Nov ’24CA$14.48
CA$19.12
+32.0%
6.7%CA$20.50CA$16.00CA$13.6515
Oct ’24CA$14.83
CA$18.92
+27.6%
6.8%CA$20.00CA$16.00CA$14.2815
Sep ’24n/a
CA$18.85
0%
6.6%CA$20.00CA$16.00CA$13.8415
Aug ’24CA$13.89
CA$19.05
+37.1%
9.2%CA$24.00CA$16.00CA$14.2115
Jul ’24n/a
CA$19.38
0%
6.2%CA$21.00CA$17.00n/a15
Jun ’24n/a
CA$19.64
0%
8.3%CA$24.00CA$17.00CA$13.6216
May ’24n/a
CA$19.77
0%
8.6%CA$24.00CA$17.00CA$14.1816
Apr ’24CA$14.53
CA$20.30
+39.7%
7.7%CA$24.00CA$17.00n/a16
Mar ’24CA$15.57
CA$20.41
+31.1%
9.8%CA$27.00CA$18.00CA$13.9016
Feb ’24CA$15.86
CA$20.47
+29.1%
9.7%CA$27.00CA$18.00CA$14.0816
Jan ’24n/a
CA$20.59
0%
9.3%CA$27.00CA$18.00CA$13.7116
Dec ’23CA$16.84
CA$20.66
+22.7%
9.2%CA$27.00CA$18.00CA$14.0316

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 Analysis2024/12/20 08:19
End of Day Share Price 2024/12/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Freehold Royalties Ltd. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Trevor ReynoldsAcumen Capital Finance Partners Limited
Patrick O'RourkeATB Capital Markets
Grant HoferBarclays