DNO Valuation
Is DNO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation 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 DNO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: DNO (NOK11.63) is trading below our estimate of fair value (NOK37.35)
Significantly Below Fair Value: DNO is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DNO?
Other financial metrics that can be useful for relative valuation.
| What is DNO's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | US$1.07b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 2.5x |
| PEG Ratio | 40.7x |
Price to Sales Ratio vs Peers
How does DNO's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.2x | ||
BNOR BlueNord | 1.6x | 15.0% | NOK 12.1b |
BWE BW Energy | 1x | 11.3% | NOK 7.3b |
VAR Vår Energi | 1.1x | 6.8% | NOK 82.7b |
PEN Panoro Energy | 1x | 4.2% | NOK 3.2b |
DNO DNO | 1.6x | 3.1% | NOK 11.3b |
Price-To-Sales vs Peers: DNO is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (1.2x).
Price to Earnings Ratio vs Industry
How does DNO's PE Ratio compare vs other companies in the NO Oil and Gas Industry?
Price-To-Sales vs Industry: DNO is expensive based on its Price-To-Sales Ratio (1.6x) compared to the Norwegian Oil and Gas industry average (1.1x).
Price to Sales Ratio vs Fair Ratio
What is DNO'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1.6x |
| Fair PS Ratio | 0.8x |
Price-To-Sales vs Fair Ratio: DNO is expensive based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).
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 11.63 | NOK 15.75 +35.4% | 14.5% | NOK 18.00 | NOK 12.00 | n/a | 4 |
| Sep ’25 | NOK 11.89 | NOK 14.63 +23.0% | 19.8% | NOK 18.00 | NOK 11.50 | n/a | 4 |
| Aug ’25 | NOK 11.07 | NOK 14.63 +32.1% | 19.8% | NOK 18.00 | NOK 11.50 | n/a | 4 |
| Jul ’25 | NOK 11.36 | NOK 14.38 +26.5% | 19.0% | NOK 18.00 | NOK 11.50 | n/a | 4 |
| Jun ’25 | NOK 11.68 | NOK 14.00 +19.9% | 22.6% | NOK 18.00 | NOK 10.00 | n/a | 4 |
| May ’25 | NOK 10.41 | NOK 14.00 +34.5% | 22.6% | NOK 18.00 | NOK 10.00 | n/a | 4 |
| Apr ’25 | NOK 9.75 | NOK 14.00 +43.6% | 22.6% | NOK 18.00 | NOK 10.00 | n/a | 4 |
| Mar ’25 | NOK 9.18 | NOK 14.38 +56.6% | 19.0% | NOK 18.00 | NOK 11.50 | n/a | 4 |
| Feb ’25 | NOK 9.21 | NOK 15.13 +64.3% | 25.2% | NOK 21.00 | NOK 11.50 | n/a | 4 |
| Jan ’25 | NOK 10.07 | NOK 15.50 +53.9% | 25.9% | NOK 21.00 | NOK 11.50 | n/a | 3 |
| Dec ’24 | NOK 10.29 | NOK 15.50 +50.6% | 25.9% | NOK 21.00 | NOK 11.50 | n/a | 3 |
| Nov ’24 | NOK 11.31 | NOK 15.33 +35.6% | 26.3% | NOK 21.00 | NOK 12.00 | n/a | 3 |
| Oct ’24 | NOK 10.57 | NOK 15.33 +45.1% | 26.3% | NOK 21.00 | NOK 12.00 | n/a | 3 |
| Sep ’24 | NOK 10.19 | NOK 15.33 +50.5% | 26.3% | NOK 21.00 | NOK 12.00 | NOK 11.89 | 3 |
| Aug ’24 | NOK 11.11 | NOK 16.67 +50.0% | 27.9% | NOK 23.00 | NOK 12.00 | NOK 11.07 | 3 |
| Jul ’24 | NOK 9.46 | NOK 18.00 +90.4% | 25.8% | NOK 23.00 | NOK 12.00 | NOK 11.36 | 4 |
| Jun ’24 | NOK 10.01 | NOK 18.38 +83.6% | 22.7% | NOK 23.00 | NOK 13.50 | NOK 11.68 | 4 |
| May ’24 | NOK 10.62 | NOK 19.63 +84.8% | 15.0% | NOK 23.00 | NOK 16.00 | NOK 10.41 | 4 |
| Apr ’24 | NOK 10.27 | NOK 18.50 +80.1% | 13.8% | NOK 22.00 | NOK 16.00 | NOK 9.75 | 3 |
| Mar ’24 | NOK 12.08 | NOK 18.50 +53.1% | 13.8% | NOK 22.00 | NOK 16.00 | NOK 9.18 | 3 |
| Feb ’24 | NOK 12.28 | NOK 18.50 +50.7% | 13.8% | NOK 22.00 | NOK 16.00 | NOK 9.21 | 3 |
| Jan ’24 | NOK 11.81 | NOK 18.50 +56.6% | 13.8% | NOK 22.00 | NOK 16.00 | NOK 10.07 | 3 |
| Dec ’23 | NOK 12.57 | NOK 18.50 +47.2% | 13.8% | NOK 22.00 | NOK 16.00 | NOK 10.29 | 3 |
| Nov ’23 | NOK 13.51 | NOK 19.63 +45.3% | 15.0% | NOK 23.00 | NOK 16.00 | NOK 11.31 | 4 |
| Oct ’23 | NOK 12.35 | NOK 19.63 +58.9% | 15.0% | NOK 23.00 | NOK 16.00 | NOK 10.57 | 4 |
| Sep ’23 | NOK 13.94 | NOK 17.50 +25.5% | 35.1% | NOK 23.00 | NOK 7.50 | NOK 10.19 | 4 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.