OB:EQNR

Stock Analysis Report

Executive Summary

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally.

Snowflake

Fundamentals

Undervalued with solid track record.


Similar Companies

Share Price & News

How has Equinor's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.9%

OB:EQNR

3.1%

NO Oil and Gas

1.5%

NO Market


1 Year Return

-29.5%

OB:EQNR

-27.8%

NO Oil and Gas

-14.8%

NO Market

EQNR underperformed the Oil and Gas industry which returned -27.8% over the past year.

EQNR underperformed the Market in Norway which returned -14.8% over the past year.


Share holder returns

EQNRIndustryMarket
7 Day2.9%3.1%1.5%
30 Day-5.3%-6.4%-3.8%
90 Day-10.8%-10.6%-5.3%
1 Year-26.1%-29.5%-24.3%-27.8%-10.0%-14.8%
3 Year31.0%14.3%38.2%21.2%38.1%19.9%
5 Year11.1%-12.8%17.7%-6.8%38.6%6.9%

Price Volatility Vs. Market

How volatile is Equinor's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Equinor undervalued based on future cash flows and its price relative to the stock market?

41%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Equinor's share price is below the future cash flow value, and at a moderate discount (> 20%).

Equinor's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Equinor is good value based on earnings compared to the NO Oil and Gas industry average.

Equinor is good value based on earnings compared to the Norway market.


Price Based on Expected Growth

Equinor is good value based on expected growth next year.


Price Based on Value of Assets

Equinor is overvalued based on assets compared to the NO Oil and Gas industry average.


Next Steps

Future Growth

How is Equinor expected to perform in the next 1 to 3 years based on estimates from 24 analysts?

7.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Equinor's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).

Equinor's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).

Equinor's revenue growth is expected to exceed the Norway market average.

Equinor's earnings growth is positive but not above the Norway market average.

Equinor's earnings growth is expected to exceed the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Equinor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Equinor performed over the past 5 years?

27.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Equinor has delivered over 20% year on year earnings growth in the past 5 years.

Equinor's 1-year earnings growth exceeds its 5-year average (78.7% vs 27.4%)

Equinor's earnings growth has exceeded the NO Oil and Gas industry average in the past year (78.7% vs 51.4%).


Return on Equity

Equinor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Equinor used its assets more efficiently than the NO Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Equinor has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Equinor's financial position?


Financial Position Analysis

Equinor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Equinor's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Equinor's level of debt (57.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (50.4% vs 57.5% today).

Debt is well covered by operating cash flow (67.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 110.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.1x debt.


Next Steps

Dividend

What is Equinor's current dividend yield, its reliability and sustainability?

6.49%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Equinor before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Equinor's pays a higher dividend yield than the bottom 25% of dividend payers in Norway (2.72%).

Equinor's dividend is below the markets top 25% of dividend payers in Norway (6.42%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


Next Steps

Management

What is the CEO of Equinor's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Eldar Sætre (63yo)

4.8yrs

Tenure

US$2,068,000

Compensation

Mr. Eldar Sætre has been the Chief Executive Officer and President of Statoil ASA since October 15, 2014. Mr. Sætre served as an Interim President the Chief Executive Officer of Statoil ASA from October 20 ...


CEO Compensation Analysis

Eldar's remuneration is about average for companies of similar size in Norway.

Eldar's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.8yrs

Average Tenure

54.5yo

Average Age

The average tenure for the Equinor management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.0yrs

Average Tenure

57.5yo

Average Age

The tenure for the Equinor board of directors is about average.


Insider Trading

More shares have been bought than sold by Equinor individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$504,90021 Aug 19
Magne Hovden
EntityIndividual
Shares3,400
Max PriceUS$148.50
BuyUS$798,80016 Aug 19
Ørjan Kvelvane
EntityIndividual
Shares5,000
Max PriceUS$159.76
BuyUS$101,393,75216 Aug 19
DNB ASA, ESOP
EntityCompany
Shares689,472
Max PriceUS$147.06
BuyUS$1,121,02512 Aug 19
Torgrim Reitan
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Development & Production International
Shares7,500
Max PriceUS$149.47
BuyUS$476,49001 Aug 19
Jeroen van der Veer
EntityIndividual
Role
Vice Chairman
Deputy Chairman
Shares3,000
Max PriceUS$158.83
BuyUS$399,46826 Jul 19
Svein Skeie
EntityIndividual
Shares2,500
Max PriceUS$159.79
BuyUS$319,00026 Jul 19
Jon Erik Reinhardsen
EntityIndividual
Role
Chairman of the Board
Chair of the Board
Shares2,000
Max PriceUS$159.50
BuyUS$958,89226 Jul 19
Eldar Sætre
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares6,000
Max PriceUS$159.82
BuyUS$101,415,24516 Jul 19
DNB ASA, ESOP
EntityCompany
Shares592,725
Max PriceUS$171.10
BuyUS$101,477,73916 May 19
DNB ASA, ESOP
EntityCompany
Shares557,325
Max PriceUS$182.08
BuyUS$101,274,61516 Apr 19
DNB ASA, ESOP
EntityCompany
Shares515,865
Max PriceUS$196.32
BuyUS$151,92822 Mar 19
Hans Hegge
EntityIndividual
Shares780
Max PriceUS$194.78
BuyUS$83,36622 Mar 19
Pål Eitrheim
EntityIndividual
Role
Senior Key Executive
Executive Vice President of New Energy Solutions
Shares428
Max PriceUS$194.78
BuyUS$147,25422 Mar 19
Odd Anders
EntityIndividual
Shares756
Max PriceUS$194.78
BuyUS$136,73622 Mar 19
Irene Rummelhoff
EntityIndividual
Role
Head of Marketing
Executive Vice President of Marketing
Shares702
Max PriceUS$194.78
BuyUS$100,70122 Mar 19
Jannicke Nilsson
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares517
Max PriceUS$194.78
BuyUS$100,155,52018 Mar 19
DNB ASA, ESOP
EntityCompany
Shares521,209
Max PriceUS$192.16
BuyUS$99,801,57818 Feb 19
DNB ASA, ESOP
EntityCompany
Shares498,958
Max PriceUS$200.02
BuyUS$98,578,31716 Jan 19
Equinor Asa - Share Saving Plan
EntityCompany
Shares515,550
Max PriceUS$191.21
BuyUS$94,832,77911 Dec 18
DNB ASA, ESOP
EntityCompany
Shares482,585
Max PriceUS$196.51
BuyUS$94,552,25716 Nov 18
DNB ASA, ESOP
EntityCompany
Shares459,974
Max PriceUS$205.56
BuyUS$813,43929 Oct 18
Odd Anders
EntityIndividual
Shares3,833
Max PriceUS$212.22
BuyUS$93,846,49616 Oct 18
DNB ASA, ESOP
EntityCompany
Shares422,751
Max PriceUS$221.99
SellUS$101,09203 Sep 18
Siv Helen Torstensen
EntityIndividual
Shares470
Max PriceUS$215.09

Ownership Breakdown


Management Team

  • Eldar Sætre (63yo)

    President & CEO

    • Tenure: 4.8yrs
    • Compensation: US$2.07m
  • Margareth Øvrum (61yo)

    Executive Vice President of Development & Production Brazil

    • Tenure: 0.8yrs
    • Compensation: US$919.00k
  • Tim Dodson (60yo)

    Executive Vice President of Exploration

    • Tenure: 8.6yrs
    • Compensation: US$1.04m
  • Lars Bacher (55yo)

    Executive VP & CFO

    • Tenure: 1.0yrs
    • Compensation: US$1.06m
  • Torgrim Reitan (50yo)

    Executive Vice President of Development & Production International

    • Tenure: 8.6yrs
    • Compensation: US$1.21m
  • Irene Rummelhoff (52yo)

    Executive Vice President of Marketing

    • Tenure: 1.0yrs
    • Compensation: US$926.00k
  • Jannicke Nilsson (54yo)

    Executive VP & COO

    • Tenure: 2.7yrs
    • Compensation: US$891.00k
  • Arne Nylund (59yo)

    Executive Vice President of Development & Production - Norway

    • Tenure: 5.6yrs
    • Compensation: US$1.00m
  • Anders Opedal (51yo)

    Executive Vice President of Technology

    • Tenure: 0.8yrs
    • Compensation: US$439.00k
  • Pål Eitrheim (48yo)

    Executive Vice President of New Energy Solutions

    • Tenure: 1.0yrs
    • Compensation: US$303.00k

Board Members

  • Jeroen van der Veer (72yo)

    Deputy Chairman

    • Tenure: 0.1yrs
  • Jon Erik Reinhardsen (63yo)

    Chair of the Board

    • Tenure: 1.9yrs
  • Rebekka Herlofsen (49yo)

    Independent Director

    • Tenure: 4.4yrs
  • Nils Bastiansen (59yo)

    Deputy Chairman of Corporate Assembly

    • Tenure: 0.0yrs
  • Wenche Agerup (55yo)

    Independent Director

    • Tenure: 4.0yrs
  • Tone Cathrine Bakker (57yo)

    Chair of Corporate Assembly

    • Tenure: 3.6yrs
  • Stig Lægreid (56yo)

    Director

    • Tenure: 6.1yrs
  • Bjørn Godal (74yo)

    Independent Director

    • Tenure: 8.9yrs
  • Ingrid di Valerio (55yo)

    Director

    • Tenure: 6.1yrs
  • Per Labråten (58yo)

    Director

    • Tenure: 2.2yrs

Company Information

Equinor ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Equinor ASA
  • Ticker: EQNR
  • Exchange: OB
  • Founded: 1972
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Market Cap: kr505.015b
  • Shares outstanding: 3.33b
  • Website: https://www.equinor.com

Number of Employees


Location

  • Equinor ASA
  • Forusbeen 50
  • Stavanger
  • Rogaland
  • 4035
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EQNRNYSE (New York Stock Exchange)SPON ADR EACH REP 1 ORD SHSUSUSDJun 2001
EQNROB (Oslo Bors)YesCommon StockNONOKJun 2001
DNQADB (Deutsche Boerse AG)SPON ADR EACH REP 1 ORD SHSDEEURJun 2001
STLSWX (SIX Swiss Exchange)YesCommon StockCHCHFJun 2001
DNQDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2001
STOH.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2001
0M2ZLSE (London Stock Exchange)YesCommon StockGBNOKJun 2001
EQNR NBMV (Bolsa Mexicana de Valores)SPON ADR EACH REP 1 ORD SHSMXMXNJun 2001

Biography

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company opera ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 20:50
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.