EnQuest PLC

LSE:ENQ Stock Report

Market Cap: UK£224.5m

EnQuest Valuation

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

Below Fair Value: ENQ (£0.12) is trading below our estimate of fair value (£0.54)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ENQ. This is calculated by dividing ENQ's market cap by their current earnings.
What is ENQ's PE Ratio?
PE Ratio13.8x
EarningsUS$20.73m
Market CapUS$283.05m

Price to Earnings Ratio vs Peers

How does ENQ's PE Ratio compare to its peers?

The above table shows the PE ratio for ENQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.9x
TLW Tullow Oil
26.1x18.8%UK£337.5m
SQZ Serica Energy
5.6x-15.0%UK£510.7m
DEC Diversified Energy
5.4x1.1%UK£611.4m
CASP Caspian Sunrise
14.4xn/aUK£64.3m
ENQ EnQuest
13.8x-3.6%UK£227.1m

Price-To-Earnings vs Peers: ENQ is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (12.9x).

Price to Earnings Ratio vs Industry

How does ENQ'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
1xn/aUS$20.07m
No more companies available in this PE range
ENQ 13.8xIndustry Avg. 8.4xNo. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENQ is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the UK Oil and Gas industry average (8.4x).

Price to Earnings Ratio vs Fair Ratio

What is ENQ'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.

ENQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ratio9.4x

Price-To-Earnings vs Fair Ratio: ENQ is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (9.4x).

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 ENQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.12
UK£0.18
+51.1%
35.8%UK£0.25UK£0.11n/a4
Nov ’25UK£0.12
UK£0.18
+52.1%
35.8%UK£0.25UK£0.11n/a4
Oct ’25UK£0.11
UK£0.20
+87.3%
42.1%UK£0.30UK£0.11n/a4
Sep ’25UK£0.13
UK£0.23
+85.1%
29.5%UK£0.30UK£0.16n/a4
Aug ’25UK£0.13
UK£0.23
+78.2%
29.5%UK£0.30UK£0.16n/a4
Jul ’25UK£0.14
UK£0.24
+70.8%
30.6%UK£0.32UK£0.16n/a4
Jun ’25UK£0.16
UK£0.24
+46.9%
30.6%UK£0.32UK£0.16n/a4
May ’25UK£0.16
UK£0.23
+45.5%
35.3%UK£0.33UK£0.14n/a4
Apr ’25UK£0.14
UK£0.21
+49.4%
32.3%UK£0.30UK£0.14n/a4
Mar ’25UK£0.14
UK£0.21
+54.9%
32.6%UK£0.30UK£0.14n/a4
Feb ’25UK£0.13
UK£0.23
+79.1%
29.1%UK£0.30UK£0.14n/a3
Jan ’25UK£0.15
UK£0.27
+78.9%
18.1%UK£0.31UK£0.20n/a3
Dec ’24UK£0.13
UK£0.25
+84.2%
23.4%UK£0.31UK£0.18n/a4
Nov ’24UK£0.16
UK£0.25
+53.2%
23.4%UK£0.32UK£0.18UK£0.124
Oct ’24UK£0.15
UK£0.22
+46.2%
18.0%UK£0.29UK£0.18UK£0.114
Sep ’24UK£0.17
UK£0.23
+30.9%
13.9%UK£0.28UK£0.20UK£0.134
Aug ’24UK£0.17
UK£0.23
+28.8%
13.9%UK£0.28UK£0.20UK£0.134
Jul ’24UK£0.15
UK£0.27
+80.5%
24.5%UK£0.36UK£0.20UK£0.144
Jun ’24UK£0.15
UK£0.27
+80.9%
24.5%UK£0.36UK£0.20UK£0.164
May ’24UK£0.17
UK£0.28
+69.3%
23.3%UK£0.36UK£0.20UK£0.165
Apr ’24UK£0.19
UK£0.29
+57.8%
17.2%UK£0.35UK£0.22UK£0.145
Mar ’24UK£0.19
UK£0.30
+58.3%
16.9%UK£0.35UK£0.22UK£0.145
Feb ’24UK£0.22
UK£0.32
+46.2%
18.7%UK£0.39UK£0.24UK£0.135
Jan ’24UK£0.21
UK£0.32
+50.1%
30.0%UK£0.45UK£0.20UK£0.155
Dec ’23UK£0.24
UK£0.37
+53.0%
28.6%UK£0.48UK£0.20UK£0.135
Nov ’23UK£0.27
UK£0.42
+54.0%
19.2%UK£0.51UK£0.28UK£0.165

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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