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.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet second-rate dividend payer.
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
Stable Share Price: EQNR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.7%
EQNR
-0.6%
NO Oil and Gas
0.9%
NO Market
1 Year Return
-18.3%
EQNR
-17.5%
NO Oil and Gas
0.2%
NO Market
Return vs Industry: EQNR matched the Norwegian Oil and Gas industry which returned -18.1% over the past year.
Return vs Market: EQNR underperformed the Norwegian Market which returned 0.1% over the past year.
Shareholder returns
| EQNR | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | -0.6% | 0.9% |
| 30 Day | -10.5% | -11.3% | -1.8% |
| 90 Day | -8.9% | -8.9% | 2.3% |
| 1 Year | -13.5%-18.3% | -12.7%-17.5% | 5.4%0.2% |
| 3 Year | 24.1%8.0% | 28.9%12.8% | 32.6%16.0% |
| 5 Year | 40.6%9.9% | 41.8%13.5% | 55.7%21.6% |
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
1 week ago | Simply Wall St
Why It Might Not Make Sense To Buy Equinor ASA (OB:EQNR) For Its Upcoming Dividend1 week ago | Simply Wall St
Earnings Miss: Equinor ASA Missed EPS By 46% And Analysts Are Revising Their Forecasts3 weeks ago | Simply Wall St
Is Equinor ASA's (OB:EQNR) ROE Of 13% Impressive?Valuation
Is Equinor undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EQNR (NOK160.4) is trading below our estimate of fair value (NOK348.53)
Significantly Below Fair Value: EQNR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EQNR is poor value based on its PE Ratio (31x) compared to the Oil and Gas industry average (17.5x).
PE vs Market: EQNR is poor value based on its PE Ratio (31x) compared to the Norwegian market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: EQNR is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: EQNR is overvalued based on its PB Ratio (1.4x) compared to the NO Oil and Gas industry average (0.9x).
Next Steps
Future Growth
How is Equinor forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
17.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EQNR's forecast earnings growth (17.1% per year) is above the savings rate (0.7%).
Earnings vs Market: EQNR's earnings (17.1% per year) are forecast to grow slower than the Norwegian market (18.7% per year).
High Growth Earnings: EQNR's earnings are forecast to grow, but not significantly.
Revenue vs Market: EQNR's revenue (3.9% per year) is forecast to grow faster than the Norwegian market (3.2% per year).
High Growth Revenue: EQNR's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EQNR's Return on Equity is forecast to be low in 3 years time (13.3%).
Next Steps
Past Performance
How has Equinor performed over the past 5 years?
56.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EQNR has a large one-off loss of $3.2B impacting its December 31 2019 financial results.
Growing Profit Margin: EQNR's current net profit margins (2.9%) are lower than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: EQNR's earnings have grown significantly by 56.3% per year over the past 5 years.
Accelerating Growth: EQNR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EQNR had negative earnings growth (-75.5%) over the past year, making it difficult to compare to the Oil and Gas industry average (-18%).
Return on Equity
High ROE: EQNR's Return on Equity (4.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Equinor's financial position?
Financial Position Analysis
Short Term Liabilities: EQNR's short term assets ($24.8B) exceed its short term liabilities ($19.6B).
Long Term Liabilities: EQNR's short term assets ($24.8B) do not cover its long term liabilities ($57.3B).
Debt to Equity History and Analysis
Debt Level: EQNR's debt to equity ratio (60%) is considered high.
Reducing Debt: EQNR's debt to equity ratio has reduced from 60.9% to 60% over the past 5 years.
Debt Coverage: EQNR's debt is well covered by operating cash flow (55.7%).
Interest Coverage: EQNR's interest payments on its debt are well covered by EBIT (16x coverage).
Balance Sheet
Inventory Level: EQNR has a high level of physical assets or inventory.
Debt Coverage by Assets: EQNR's debt is covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is Equinor's current dividend yield, its reliability and sustainability?
6.28%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Equinor before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: EQNR's dividend (6.28%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.88%).
High Dividend: EQNR's dividend (6.28%) is in the top 25% of dividend payers in the Norwegian market (6.16%)
Stability and Growth of Payments
Stable Dividend: EQNR's dividend payments have been volatile in the past 10 years.
Growing Dividend: EQNR's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (189.5%), EQNR's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EQNR's dividends in 3 years are forecast to be covered by earnings (62.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Eldar Sætre (63yo)
5.3yrs
Tenure
US$2,068,000
Compensation
Mr. Eldar Sætre has been the Chief Executive Officer and President of Statoil ASA since October 15, 2014. Mr. Sætre served as an Interim President the Chief Executive Officer of Statoil ASA from October 20 ...
CEO Compensation Analysis
Compensation vs Market: Eldar's total compensation ($USD2.07M) is about average for companies of similar size in the Norwegian market ($USD1.61M).
Compensation vs Earnings: Eldar's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 5.3yrs | US$2.07m | 0.0026% $13.5m | |
| Executive VP & CFO | 1.5yrs | US$1.06m | 0.00095% $5.0m | |
| Executive VP & COO | 3.2yrs | US$891.00k | 0.0015% $7.7m | |
| Executive Vice President of Technology | 1.3yrs | US$439.00k | 0.00085% $4.5m | |
| Executive Vice President of Marketing | 1.5yrs | US$926.00k | 0.0011% $5.6m | |
| Executive Vice President of Development & Production Brazil | 1.3yrs | US$919.00k | 0.0021% $11.1m | |
| Executive Vice President of Exploration | 9.1yrs | US$1.04m | 0.0011% $6.0m | |
| Executive Vice President of Development & Production International | 9.1yrs | US$1.21m | 0.0015% $8.2m | |
| Executive Vice President of Development & Production - Norway | 6.1yrs | US$1.00m | 0.00060% $3.2m | |
| Executive Vice President of New Energy Solutions | 1.5yrs | US$303.00k | 0.00040% $2.1m |
2.3yrs
Average Tenure
54.5yo
Average Age
Experienced Management: EQNR's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Deputy Chairman | 0.6yrs | no data | 0.000090% $475.6k | |
| Chair of the Board | 2.4yrs | no data | 0.00014% $739.8k | |
| Independent Director | 4.9yrs | no data | no data | |
| Deputy Chairman of Corporate Assembly | 0yrs | no data | no data | |
| Independent Director | 4.5yrs | no data | 0.000080% $422.8k | |
| Chair of Corporate Assembly | 4.1yrs | no data | no data | |
| Director | 6.6yrs | no data | 0.000060% $317.1k | |
| Independent Director | 9.4yrs | no data | no data | |
| Director | 6.6yrs | no data | 0.00017% $898.4k | |
| Director | 2.7yrs | no data | 0.000070% $369.9k |
4.5yrs
Average Tenure
57.5yo
Average Age
Experienced Board: EQNR's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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: kr528.456b
- Shares outstanding: 3.29b
- Website: https://www.equinor.com
Number of Employees
Location
- Equinor ASA
- Forusbeen 50
- Stavanger
- Rogaland
- 4035
- Norway
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EQNR | NYSE (New York Stock Exchange) | SPONSORED ADR | US | USD | Jun 2001 | |
| EQNR | OB (Oslo Bors) | Yes | Common Stock | NO | NOK | Jun 2001 |
| DNQA | DB (Deutsche Boerse AG) | SPONSORED ADR | DE | EUR | Jun 2001 | |
| STL | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jun 2001 |
| DNQ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 2001 |
| STOH.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Jun 2001 |
| 0M2Z | LSE (London Stock Exchange) | Yes | Common Stock | GB | NOK | Jun 2001 |
| EQNR N | BMV (Bolsa Mexicana de Valores) | SPONSORED ADR | MX | MXN | Jun 2001 | |
| 0L9H | LSE (London Stock Exchange) | SPONSORED ADR | GB | USD | Jun 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 operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments. It also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; and operates refineries, processing and power plants, and terminals. In addition, the company develops wind, and carbon capture and storage projects, as well as offers other renewable energy and low-carbon energy solutions. As of December 31, 2018, it had proved oil and gas reserves of 6,175 million barrels of oil equivalent. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was founded in 1972 and is headquartered in Stavanger, Norway.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/20 21:04 |
| End of Day Share Price | 2020/02/20 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.