Capricorn Energy PLC

LSE:CNE Stock Report

Market Cap: UK£197.9m

Capricorn Energy Valuation

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

Below Fair Value: Insufficient data to calculate CNE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CNE's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for CNE. This is calculated by dividing CNE's market cap by their current revenue.
What is CNE's PS Ratio?
PS Ratio1.4x
SalesUS$183.00m
Market CapUS$249.03m

Price to Sales Ratio vs Peers

How does CNE's PS Ratio compare to its peers?

The above table shows the PS ratio for CNE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.7x
ENQ EnQuest
0.2x-10.1%UK£223.7m
TLW Tullow Oil
0.2x-8.8%UK£259.9m
JSE Jadestone Energy
0.5x1.7%UK£162.3m
SAVE Savannah Energy
2x43.9%UK£344.5m
CNE Capricorn Energy
1.4x-17.6%UK£197.9m

Price-To-Sales vs Peers: CNE is expensive based on its Price-To-Sales Ratio (1.4x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does CNE'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
TLW Tullow Oil
0.2x-8.8%US$327.06m
ENQ EnQuest
0.2x-10.1%US$281.52m
NWF NWF Group
0.09x5.7%US$106.74m
CNE 1.4xIndustry Avg. 1.6xNo. of Companies11PS01.22.43.64.86+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CNE is good value based on its Price-To-Sales Ratio (1.4x) compared to the UK Oil and Gas industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is CNE'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.

CNE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: CNE is good value based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).

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 CNE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£2.84
UK£2.98
+5.1%
26.5%UK£4.36UK£1.98n/a6
Feb ’26UK£3.10
UK£3.00
-3.0%
26.3%UK£4.36UK£1.98n/a6
Jan ’26UK£2.93
UK£2.65
-9.5%
28.9%UK£4.29UK£2.05n/a6
Dec ’25UK£2.37
UK£2.64
+11.6%
28.8%UK£4.28UK£2.04n/a6
Nov ’25UK£2.14
UK£2.23
+4.4%
7.7%UK£2.50UK£1.98n/a5
Oct ’25UK£1.99
UK£2.21
+11.1%
10.0%UK£2.60UK£1.94n/a5
Sep ’25UK£2.26
UK£2.36
+4.5%
9.8%UK£2.68UK£2.07n/a5
Aug ’25UK£1.90
UK£2.36
+24.5%
9.8%UK£2.68UK£2.07n/a5
Jul ’25UK£1.83
UK£2.35
+28.7%
9.4%UK£2.75UK£2.10n/a5
Jun ’25UK£1.91
UK£2.24
+17.6%
13.9%UK£2.72UK£1.74n/a5
May ’25UK£2.15
UK£2.38
+10.9%
21.5%UK£3.35UK£1.94n/a5
Apr ’25UK£2.23
UK£2.30
+3.0%
22.6%UK£3.31UK£1.91n/a5
Mar ’25UK£1.52
UK£2.26
+48.4%
20.9%UK£3.19UK£1.91n/a5
Feb ’25UK£1.78
UK£2.28
+27.8%
19.9%UK£3.18UK£1.96UK£3.105
Jan ’25UK£2.16
UK£3.34
+54.6%
17.4%UK£4.32UK£2.39UK£2.936
Dec ’24UK£1.79
UK£3.58
+99.9%
11.9%UK£4.29UK£3.06UK£2.376
Nov ’24UK£2.07
UK£3.68
+77.5%
10.5%UK£4.29UK£3.17UK£2.146
Oct ’24UK£3.32
UK£4.15
+25.0%
17.5%UK£5.57UK£3.26UK£1.996
Sep ’24UK£3.27
UK£5.03
+53.9%
35.7%UK£8.84UK£3.50UK£2.266
Aug ’24UK£3.41
UK£5.70
+67.3%
29.8%UK£8.78UK£4.02UK£1.907
Jul ’24UK£3.57
UK£6.63
+85.7%
36.6%UK£11.03UK£4.12UK£1.837
Jun ’24UK£3.72
UK£9.15
+146.2%
14.2%UK£10.27UK£6.13UK£1.917
May ’24UK£8.89
UK£10.15
+14.1%
13.3%UK£12.90UK£8.95UK£2.157
Apr ’24UK£9.46
UK£11.18
+18.1%
14.3%UK£14.55UK£9.20UK£2.237
Mar ’24UK£10.14
UK£11.31
+11.5%
13.0%UK£14.76UK£9.33UK£1.528
Feb ’24UK£9.76
UK£10.96
+12.3%
13.1%UK£14.41UK£9.51UK£1.788
Analyst Price Target
Consensus Narrative from 6 Analysts
UK£2.98
Fair Value
4.8% undervalued intrinsic discount
6
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/15 07:37
End of Day Share Price 2025/02/14 00:00
Earnings2024/06/30
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.

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

Capricorn Energy PLC is covered by 39 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Marzio FoaAlphaValue
Ilkin KarimliBerenberg
Christopher BrownBMO Capital Markets Equity Research