Nostrum Oil & Gas Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for NOG. This is calculated by dividing NOG's market cap by their current revenue.
What is NOG's PS Ratio?
PS Ratio	0.06x
Sales	US$132.25m
Market Cap	US$8.50m

NOG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.9x
Enterprise Value/EBITDA	8.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NOG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.8x
CAD Cadogan Energy Solutions	0.7x	n/a	UK£5.9m
SENX Serinus Energy	0.2x	n/a	UK£3.2m
CEG Challenger Energy Group	4.3x	24.2%	UK£12.1m
EOG Europa Oil & Gas (Holdings)	2.2x	n/a	UK£7.7m
NOG Nostrum Oil & Gas	0.06x	-18.5%	UK£6.8m

Price-To-Sales vs Peers: NOG is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (1.8x).

Price to Sales Ratio vs Industry

How does NOG's PS Ratio compare vs other companies in the GB Oil and Gas Industry?

11 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.4x	-2.0%
NOG Nostrum Oil & Gas	0.06x	-18.5%	US$8.50m
ROSN Rosneft Oil	0.1x	n/a	US$21.03b
TLW Tullow Oil	0.3x	-6.1%	US$421.43m

11 Companies		Estimated Growth	Market Cap
Industry Avg.	1.4x	11.0%
NOG Nostrum Oil & Gas	0.06x	17.7%	US$8.50m

No more companies

Price-To-Sales vs Industry: NOG is good value based on its Price-To-Sales Ratio (0.1x) compared to the UK Oil and Gas industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is NOG'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.

NOG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.06x
Fair PS Ratio	0.3x

Price-To-Sales vs Fair Ratio: NOG is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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