OKEA ASA

OB:OKEA Stock Report

Market Cap: NOK 2.0b

OKEA Valuation

Is OKEA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 OKEA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 209.26
Fair Value
90.7% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: OKEA (NOK19.4) is trading below our estimate of fair value (NOK209.26)

Significantly Below Fair Value: OKEA is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As OKEA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OKEA. This is calculated by dividing OKEA's market cap by their current earnings.
What is OKEA's PE Ratio?
PE Ratio5.3x
EarningsNOK 383.29m
Market CapNOK 2.02b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for OKEA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.2x
PNOR PetroNor E&P
2.7xn/aNOK 1.6b
PEN Panoro Energy
10.3x8.8%NOK 3.4b
BWE BW Energy
4x4.7%NOK 7.4b
BNOR BlueNord
39.9x45.8%NOK 17.9b
OKEA OKEA
5.3x0.9%NOK 2.0b

Price-To-Earnings vs Peers: OKEA is good value based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (14.2x).

Price to Earnings Ratio vs Industry

How does OKEA's PE Ratio compare vs other companies in the NO Oil and Gas Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ALNG Awilco LNG
1.3x-110.1%US$39.92m
No more companies available in this PE range
OKEA 5.3xIndustry Avg. 9.0xNo. of Companies6PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OKEA is good value based on its Price-To-Earnings Ratio (5.3x) compared to the European Oil and Gas industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is OKEA'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.

OKEA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ratio6.9x

Price-To-Earnings vs Fair Ratio: OKEA is good value based on its Price-To-Earnings Ratio (5.3x) compared to the estimated Fair Price-To-Earnings Ratio (6.9x).

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 OKEA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 19.40
NOK 32.17
+65.8%
38.2%NOK 55.00NOK 20.00n/a6
Feb ’26NOK 19.90
NOK 32.17
+61.6%
38.2%NOK 55.00NOK 20.00n/a6
Jan ’26NOK 20.60
NOK 35.00
+69.9%
33.7%NOK 55.00NOK 22.00n/a5
Dec ’25NOK 19.99
NOK 35.60
+78.1%
31.4%NOK 55.00NOK 25.00n/a5
Nov ’25NOK 22.00
NOK 35.60
+61.8%
31.4%NOK 55.00NOK 25.00n/a5
Oct ’25NOK 22.90
NOK 36.00
+57.2%
30.9%NOK 55.00NOK 25.00n/a5
Sep ’25NOK 21.96
NOK 35.00
+59.4%
34.2%NOK 55.00NOK 23.00n/a5
Aug ’25NOK 23.62
NOK 35.00
+48.2%
34.2%NOK 55.00NOK 23.00n/a5
Jul ’25NOK 25.12
NOK 37.00
+47.3%
30.5%NOK 55.00NOK 25.00n/a5
Jun ’25NOK 25.64
NOK 37.40
+45.9%
29.1%NOK 55.00NOK 27.00n/a5
May ’25NOK 25.90
NOK 37.40
+44.4%
29.1%NOK 55.00NOK 27.00n/a5
Apr ’25NOK 24.78
NOK 36.60
+47.7%
31.8%NOK 55.00NOK 25.00n/a5
Mar ’25NOK 24.10
NOK 37.00
+53.5%
31.1%NOK 55.00NOK 25.00n/a5
Feb ’25NOK 23.52
NOK 38.00
+61.6%
30.6%NOK 55.00NOK 25.00NOK 19.905
Jan ’25NOK 26.60
NOK 46.40
+74.4%
12.4%NOK 55.00NOK 40.00NOK 20.605
Dec ’24NOK 32.32
NOK 47.40
+46.7%
10.4%NOK 55.00NOK 40.00NOK 19.995
Nov ’24NOK 38.82
NOK 46.40
+19.5%
10.8%NOK 55.00NOK 40.00NOK 22.005
Oct ’24NOK 38.16
NOK 46.50
+21.9%
10.8%NOK 55.00NOK 42.00NOK 22.904
Sep ’24NOK 39.28
NOK 46.75
+19.0%
10.3%NOK 55.00NOK 43.00NOK 21.964
Aug ’24NOK 37.14
NOK 46.20
+24.4%
12.2%NOK 55.00NOK 40.00NOK 23.625
Jul ’24NOK 30.72
NOK 45.40
+47.8%
11.7%NOK 55.00NOK 40.00NOK 25.125
Jun ’24NOK 31.72
NOK 47.00
+48.2%
10.3%NOK 55.00NOK 42.00NOK 25.644
May ’24NOK 30.80
NOK 46.25
+50.2%
11.4%NOK 55.00NOK 41.00NOK 25.904
Apr ’24NOK 31.55
NOK 48.00
+52.1%
10.3%NOK 55.00NOK 44.00NOK 24.783
Mar ’24NOK 32.15
NOK 51.33
+59.7%
10.1%NOK 55.00NOK 44.00NOK 24.103
Feb ’24NOK 33.10
NOK 60.67
+83.3%
11.0%NOK 70.00NOK 55.00NOK 23.523
Analyst Price Target
Consensus Narrative from 6 Analysts
NOK 32.17
Fair Value
39.7% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 06:49
End of Day Share Price 2025/02/07 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

OKEA ASA is covered by 6 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Jørgen LandeDanske Bank
Vidar LyngværDanske Bank