Aker BP Valuation

Q: What is the Fair Price of AKRBP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AKRBP (NOK258.2) is trading below our estimate of [[fair value]] (NOK1002.01)

Is AKRBP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: AKRBP (NOK258.2) is trading below our estimate of fair value (NOK1002.01)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for AKRBP. This is calculated by dividing AKRBP's market cap by their current preferred multiple.
What is AKRBP's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$14.79b

AKRBP 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	1.4x
Enterprise Value/EBITDA	1.6x
PEG Ratio	-1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AKRBP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	17.9x
VAR Vår Energi	12.9x	15.5%	NOK 87.3b
BNOR BlueNord	41.9x	38.4%	NOK 13.4b
BWE BW Energy	5.6x	20.3%	NOK 8.3b
PEN Panoro Energy	11.1x	28.7%	NOK 3.8b
AKRBP Aker BP	8x	-7.5%	NOK 163.0b

Price-To-Earnings vs Peers: AKRBP is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (17.9x).

Price to Earnings Ratio vs Industry

How does AKRBP's PE Ratio compare vs other companies in the European Oil and Gas Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	-3.4%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	-3.4%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: AKRBP is expensive based on its Price-To-Earnings Ratio (8x) compared to the European Oil and Gas industry average (7.5x).

Price to Earnings Ratio vs Fair Ratio

What is AKRBP'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.

AKRBP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8x
Fair PE Ratio	9.3x

Price-To-Earnings vs Fair Ratio: AKRBP is good value based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (9.3x).

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 AKRBP forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NOK 258.20	NOK 316.63 +22.6%	14.2%	NOK 415.00	NOK 230.00	n/a	19
Jul ’25	NOK 275.40	NOK 319.26 +15.9%	13.6%	NOK 415.00	NOK 230.00	n/a	19
Jun ’25	NOK 268.90	NOK 318.53 +18.5%	13.4%	NOK 415.00	NOK 230.00	n/a	19
May ’25	NOK 272.00	NOK 321.68 +18.3%	13.2%	NOK 415.00	NOK 230.00	n/a	19
Apr ’25	NOK 269.80	NOK 321.06 +19.0%	12.9%	NOK 415.00	NOK 230.00	n/a	18
Mar ’25	NOK 262.40	NOK 320.74 +22.2%	14.1%	NOK 415.00	NOK 230.00	n/a	19
Feb ’25	NOK 281.00	NOK 340.63 +21.2%	11.4%	NOK 415.00	NOK 275.00	n/a	19
Jan ’25	NOK 295.50	NOK 352.50 +19.3%	11.0%	NOK 420.00	NOK 275.00	n/a	18
Dec ’24	NOK 307.40	NOK 352.50 +14.7%	11.0%	NOK 420.00	NOK 275.00	n/a	18
Nov ’24	NOK 315.70	NOK 351.17 +11.2%	11.4%	NOK 420.00	NOK 275.00	n/a	18
Oct ’24	NOK 296.00	NOK 330.65 +11.7%	13.1%	NOK 425.00	NOK 240.00	n/a	17
Sep ’24	NOK 295.60	NOK 327.83 +10.9%	13.7%	NOK 425.00	NOK 240.00	n/a	18
Aug ’24	NOK 278.60	NOK 327.28 +17.5%	13.7%	NOK 425.00	NOK 240.00	n/a	18
Jul ’24	NOK 251.80	NOK 333.76 +32.6%	12.4%	NOK 420.00	NOK 240.00	NOK 275.40	17
Jun ’24	NOK 242.90	NOK 337.44 +38.9%	12.7%	NOK 420.00	NOK 240.00	NOK 268.90	16
May ’24	NOK 254.50	NOK 340.94 +34.0%	13.8%	NOK 420.00	NOK 240.00	NOK 272.00	16
Apr ’24	NOK 256.30	NOK 354.00 +38.1%	11.0%	NOK 435.00	NOK 275.00	NOK 269.80	16
Mar ’24	NOK 282.20	NOK 357.13 +26.6%	11.2%	NOK 435.00	NOK 275.00	NOK 262.40	16
Feb ’24	NOK 302.40	NOK 371.44 +22.8%	12.6%	NOK 455.00	NOK 270.00	NOK 281.00	16
Jan ’24	NOK 304.10	NOK 382.75 +25.9%	13.5%	NOK 455.00	NOK 270.00	NOK 295.50	16
Dec ’23	NOK 335.30	NOK 377.27 +12.5%	15.1%	NOK 465.00	NOK 275.00	NOK 307.40	15
Nov ’23	NOK 341.40	NOK 378.06 +10.7%	15.2%	NOK 465.00	NOK 275.00	NOK 315.70	16
Oct ’23	NOK 312.60	NOK 380.53 +21.7%	15.5%	NOK 500.00	NOK 275.00	NOK 296.00	17
Sep ’23	NOK 345.70	NOK 380.53 +10.1%	15.5%	NOK 500.00	NOK 275.00	NOK 295.60	17
Aug ’23	NOK 325.00	NOK 378.06 +16.3%	14.5%	NOK 460.00	NOK 275.00	NOK 278.60	16
Jul ’23	NOK 335.20	NOK 374.87 +11.8%	16.4%	NOK 510.00	NOK 275.00	NOK 251.80	15

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.