Harbour Energy plc

LSE:HBR Stock Report

Market Cap: UK£2.9b

Harbour Energy Valuation

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

Discounted Cash Flow
Simply Wall St
UK£0.29
Fair Value
477.7% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: HBR (£1.7) is trading above our estimate of fair value (£0.29)

Significantly Below Fair Value: HBR is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for HBR. This is calculated by dividing HBR's market cap by their current revenue.
What is HBR's PS Ratio?
PS Ratio0.6x
SalesUS$6.23b
Market CapUS$3.90b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HBR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.2x
ITH Ithaca Energy
1.4x-4.35%UK£2.1b
SEPL Seplat Energy
0.9x6.64%UK£1.2b
ENOG Energean
1.6x11.07%UK£1.6b
SQZ Serica Energy
1x1.00%UK£550.2m
HBR Harbour Energy
0.6x1.87%UK£2.9b

Price-To-Sales vs Peers: HBR is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (1.2x).

Price to Sales Ratio vs Industry

How does HBR'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
ENQ EnQuest
0.3x-8.54%US$302.38m
TLW Tullow Oil
0.2x-12.19%US$267.38m
NWF NWF Group
0.08x7.46%US$106.17m
HBR 0.6xIndustry Avg. 1.4xNo. of Companies11PS01.22.43.64.86+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HBR is good value based on its Price-To-Sales Ratio (0.6x) compared to the UK Oil and Gas industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is HBR'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.

HBR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: HBR is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

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 HBR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.70
UK£2.72
+60.71%
21.43%UK£3.79UK£2.00n/a10
May ’26UK£1.53
UK£2.81
+84.04%
17.77%UK£3.68UK£2.01n/a10
Apr ’26UK£2.13
UK£2.92
+37.08%
17.92%UK£3.79UK£2.05n/a10
Mar ’26UK£2.27
UK£3.36
+48.24%
16.39%UK£4.73UK£2.45n/a10
Feb ’26UK£2.35
UK£3.46
+47.12%
17.94%UK£4.77UK£2.42n/a8
Jan ’26UK£2.55
UK£3.70
+44.68%
17.25%UK£4.83UK£2.55n/a8
Dec ’25UK£2.59
UK£3.70
+42.55%
17.25%UK£4.83UK£2.55n/a8
Nov ’25UK£2.76
UK£3.72
+34.67%
17.05%UK£4.84UK£2.57n/a8
Oct ’25UK£2.71
UK£3.62
+33.56%
16.05%UK£4.67UK£2.62n/a8
Sep ’25UK£2.99
UK£3.85
+28.53%
16.15%UK£4.74UK£2.69n/a7
Aug ’25UK£3.04
UK£3.81
+25.24%
16.06%UK£4.71UK£2.69n/a7
Jul ’25UK£3.11
UK£3.83
+23.26%
16.52%UK£4.80UK£2.75n/a7
Jun ’25UK£3.30
UK£3.74
+13.20%
20.51%UK£5.35UK£2.76n/a8
May ’25UK£2.88
UK£3.85
+33.75%
21.01%UK£5.59UK£2.82UK£1.538
Apr ’25UK£2.76
UK£3.83
+38.76%
22.31%UK£5.45UK£2.75UK£2.138
Mar ’25UK£2.64
UK£3.79
+43.31%
24.15%UK£5.44UK£2.80UK£2.278
Feb ’25UK£2.72
UK£3.73
+37.01%
25.62%UK£5.41UK£2.48UK£2.358
Jan ’25UK£3.09
UK£3.74
+21.15%
25.96%UK£5.71UK£2.49UK£2.558
Dec ’24UK£2.27
UK£3.56
+56.55%
22.33%UK£4.79UK£2.48UK£2.599
Nov ’24UK£2.45
UK£3.71
+51.33%
22.42%UK£5.01UK£2.59UK£2.769
Oct ’24UK£2.58
UK£3.73
+44.82%
22.91%UK£5.01UK£2.59UK£2.719
Sep ’24UK£2.54
UK£3.48
+37.10%
23.55%UK£4.80UK£2.12UK£2.9911
Aug ’24UK£2.60
UK£3.52
+35.33%
25.58%UK£4.76UK£2.10UK£3.0411
Jul ’24UK£2.29
UK£3.83
+67.64%
19.42%UK£4.81UK£2.84UK£3.1110
Jun ’24UK£2.33
UK£4.29
+84.08%
26.43%UK£6.30UK£2.88UK£3.3011
May ’24UK£2.47
UK£4.26
+72.29%
26.19%UK£6.28UK£2.89UK£2.8811
AnalystConsensusTarget
Consensus Narrative from 10 Analysts
UK£2.72
Fair Value
37.8% undervalued intrinsic discount
10
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/22 17:53
End of Day Share Price 2025/05/22 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

Harbour Energy plc is covered by 15 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel SlaterArden Partners Plc.
Lydia RainforthBarclays
James HosieBarclays