BlueNord Valuation
Is BNOR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
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 BNOR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BNOR (NOK601) is trading below our estimate of fair value (NOK718.42)
Significantly Below Fair Value: BNOR is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BNOR?
Key metric: As BNOR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is BNOR's PE Ratio? | |
|---|---|
| PE Ratio | 36.2x |
| Earnings | US$39.80m |
| Market Cap | US$1.44b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.6x |
| Enterprise Value/EBITDA | 7.3x |
| PEG Ratio | 0.7x |
Price to Earnings Ratio vs Peers
How does BNOR's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 9.8x | ||
DNO DNO | 11.8x | 15.3% | NOK 9.8b |
BWE BW Energy | 3x | 11.7% | NOK 6.4b |
VAR Vår Energi | 14.7x | 16.8% | NOK 93.7b |
PEN Panoro Energy | 9.7x | 25.5% | NOK 3.1b |
BNOR BlueNord | 36.2x | 50.9% | NOK 15.9b |
Price-To-Earnings vs Peers: BNOR is expensive based on its Price-To-Earnings Ratio (36.2x) compared to the peer average (9.8x).
Price to Earnings Ratio vs Industry
How does BNOR's PE Ratio compare vs other companies in the European Oil and Gas Industry?
| 5 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 5 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: BNOR is expensive based on its Price-To-Earnings Ratio (36.2x) compared to the European Oil and Gas industry average (8.2x).
Price to Earnings Ratio vs Fair Ratio
What is BNOR'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 36.2x |
| Fair PE Ratio | 19.3x |
Price-To-Earnings vs Fair Ratio: BNOR is expensive based on its Price-To-Earnings Ratio (36.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | NOK 601.00 | NOK 720.00 +19.8% | 8.9% | NOK 830.00 | NOK 670.00 | n/a | 4 |
| Nov ’25 | NOK 534.00 | NOK 686.67 +28.6% | 11.9% | NOK 800.00 | NOK 610.00 | n/a | 3 |
| Oct ’25 | NOK 478.00 | NOK 678.33 +41.9% | 13.3% | NOK 800.00 | NOK 585.00 | n/a | 3 |
| Sep ’25 | NOK 478.50 | NOK 686.67 +43.5% | 11.9% | NOK 800.00 | NOK 610.00 | n/a | 3 |
| Aug ’25 | NOK 508.00 | NOK 686.67 +35.2% | 11.9% | NOK 800.00 | NOK 610.00 | n/a | 3 |
| Jul ’25 | NOK 563.00 | NOK 707.50 +25.7% | 13.1% | NOK 800.00 | NOK 615.00 | n/a | 2 |
| Jun ’25 | NOK 550.00 | NOK 681.67 +23.9% | 12.3% | NOK 800.00 | NOK 615.00 | n/a | 3 |
| May ’25 | NOK 569.00 | NOK 640.67 +12.6% | 1.3% | NOK 650.00 | NOK 630.00 | n/a | 3 |
| Apr ’25 | NOK 573.00 | NOK 644.00 +12.4% | 1.9% | NOK 660.00 | NOK 630.00 | n/a | 3 |
| Mar ’25 | NOK 552.00 | NOK 650.67 +17.9% | 1.1% | NOK 660.00 | NOK 642.00 | n/a | 3 |
| Feb ’25 | NOK 502.00 | NOK 649.33 +29.3% | 1.4% | NOK 660.00 | NOK 638.00 | n/a | 3 |
| Jan ’25 | NOK 497.50 | NOK 619.00 +24.4% | 3.1% | NOK 638.00 | NOK 600.00 | n/a | 2 |
| Dec ’24 | NOK 496.00 | NOK 619.00 +24.8% | 3.1% | NOK 638.00 | NOK 600.00 | n/a | 2 |
| Nov ’24 | NOK 591.00 | NOK 619.00 +4.7% | 3.1% | NOK 638.00 | NOK 600.00 | NOK 534.00 | 2 |
| Oct ’24 | NOK 519.00 | NOK 573.00 +10.4% | 4.7% | NOK 600.00 | NOK 546.00 | NOK 478.00 | 2 |
| Sep ’24 | NOK 494.50 | NOK 573.00 +15.9% | 4.7% | NOK 600.00 | NOK 546.00 | NOK 478.50 | 2 |
| Aug ’24 | NOK 437.50 | NOK 573.00 +31.0% | 4.7% | NOK 600.00 | NOK 546.00 | NOK 508.00 | 2 |
| Jul ’24 | NOK 409.00 | NOK 572.50 +40.0% | 4.8% | NOK 600.00 | NOK 545.00 | NOK 563.00 | 2 |
| Jun ’24 | NOK 383.00 | NOK 546.50 +42.7% | 9.8% | NOK 600.00 | NOK 493.00 | NOK 550.00 | 2 |
| May ’24 | NOK 362.50 | NOK 546.50 +50.8% | 9.8% | NOK 600.00 | NOK 493.00 | NOK 569.00 | 2 |
| Apr ’24 | NOK 350.00 | NOK 546.50 +56.1% | 9.8% | NOK 600.00 | NOK 493.00 | NOK 573.00 | 2 |
| Mar ’24 | NOK 403.50 | NOK 546.50 +35.4% | 9.8% | NOK 600.00 | NOK 493.00 | NOK 552.00 | 2 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
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