BW Offshore Valuation

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

Below Fair Value: BWO (NOK27.2) is trading above our estimate of fair value (NOK17.9)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BWO 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/Revenue2.7x
Enterprise Value/EBITDA6x
PEG Ratio-0.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BWO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.7x
SIOFF Siem Offshore
4.4x-8.4%kr8.2b
SOFF Solstad Offshore
8.8x59.9%kr3.2b
DOFG DOF Group
3.1x-5.8%kr13.0b
TGS TGS
66.3x34.4%kr15.5b
BWO BW Offshore
4.5x-7.2%kr4.9b

Price-To-Earnings vs Peers: BWO is good value based on its Price-To-Earnings Ratio (4.5x) compared to the peer average (20.7x).


Price to Earnings Ratio vs Industry

How does BWO's PE Ratio compare vs other companies in the NO Energy Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a36.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a36.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: BWO is good value based on its Price-To-Earnings Ratio (4.5x) compared to the Norwegian Energy Services industry average (9.7x).


Price to Earnings Ratio vs Fair Ratio

What is BWO'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.

BWO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.5x
Fair PE Ratio7.1x

Price-To-Earnings vs Fair Ratio: BWO is good value based on its Price-To-Earnings Ratio (4.5x) compared to the estimated Fair Price-To-Earnings Ratio (7.1x).


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 BWO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentkr27.20
kr43.88
+61.3%
4.2%kr45.71kr42.04n/a2
Mar ’25kr26.48
kr37.66
+42.2%
9.1%kr40.69kr32.85n/a3
Feb ’25kr24.00
kr37.66
+56.9%
9.1%kr40.69kr32.85n/a3
Jan ’25kr22.42
kr36.63
+63.4%
7.9%kr39.63kr31.99n/a4
Dec ’24kr22.42
kr38.80
+73.1%
7.0%kr41.16kr34.28n/a4
Nov ’24kr23.52
kr38.63
+64.2%
7.8%kr42.01kr33.82n/a4
Oct ’24kr24.60
kr38.63
+57.0%
7.8%kr42.01kr33.82n/a4
Sep ’24kr25.12
kr39.66
+57.9%
12.4%kr47.22kr33.50n/a4
Aug ’24kr28.50
kr41.37
+45.2%
7.8%kr45.55kr36.85n/a4
Jul ’24kr26.20
kr42.93
+63.9%
6.6%kr45.89kr39.02n/a4
Jun ’24kr25.70
kr44.93
+74.8%
4.4%kr46.61kr42.13n/a3
May ’24kr28.36
kr43.55
+53.6%
5.3%kr45.77kr40.39n/a3
Apr ’24kr29.72
kr42.51
+43.0%
5.8%kr45.56kr39.98n/a4
Mar ’24kr28.98
kr40.46
+39.6%
6.0%kr44.31kr37.67kr26.484
Feb ’24kr27.08
kr40.46
+49.4%
6.0%kr44.31kr37.67kr24.004
Jan ’24kr24.86
kr40.46
+62.7%
6.0%kr44.31kr37.67kr22.424
Dec ’23kr25.10
kr43.16
+71.9%
9.5%kr48.90kr38.13kr22.424
Nov ’23kr27.10
kr44.15
+62.9%
7.4%kr49.71kr41.61kr23.524
Oct ’23kr22.98
kr44.15
+92.1%
7.4%kr49.71kr41.61kr24.604
Sep ’23kr27.08
kr43.69
+61.3%
7.7%kr49.48kr41.42kr25.124
Aug ’23kr26.60
kr44.39
+66.9%
3.1%kr45.58kr42.49kr28.503
Jul ’23kr26.02
kr43.41
+66.8%
4.0%kr45.18kr41.04kr26.203
Jun ’23kr34.80
kr42.75
+22.9%
7.7%kr47.10kr39.15kr25.703
May ’23kr27.26
kr39.19
+43.8%
9.0%kr43.70kr35.07kr28.363
Apr ’23kr30.34
kr45.52
+50.0%
13.4%kr53.66kr39.00kr29.723
Mar ’23kr28.20
kr43.64
+54.7%
15.8%kr54.44kr35.90kr28.984

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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