Seacrest Petroleo Bermuda Valuation

Q: What is the Fair Price of SEAPT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SEAPT (NOK0.38) is trading below our estimate of [[fair value]] (NOK121.95)

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

Below Fair Value: SEAPT (NOK0.38) is trading below our estimate of fair value (NOK121.95)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SEAPT. This is calculated by dividing SEAPT's market cap by their current preferred multiple.
What is SEAPT's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$12.76m

SEAPT 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/Revenue	1.9x
Enterprise Value/EBITDA	15.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does SEAPT's PS Ratio compare to its peers?

The above table shows the PS ratio for SEAPT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.5x
PNO Petrolia NOCO	1x	-5.9%	NOK 221.0m
IOX Interoil Exploration and Production	0.2x	n/a	NOK 40.1m
PNOR PetroNor E&P	0.6x	n/a	NOK 1.3b
OKEA OKEA	0.3x	-10.5%	NOK 2.6b
SEAPT Seacrest Petroleo Bermuda	0.06x	24.2%	NOK 136.0m

Price-To-Sales vs Peers: SEAPT is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.5x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	-5.0%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	-5.0%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: SEAPT is good value based on its Price-To-Sales Ratio (0.1x) compared to the Norwegian Oil and Gas industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is SEAPT'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.

SEAPT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.06x
Fair PS Ratio	0.6x

Price-To-Sales vs Fair Ratio: SEAPT is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 SEAPT forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NOK 0.38	NOK 4.40 +1,060.9%	29.5%	NOK 5.70	NOK 3.10	n/a	2
Sep ’25	NOK 0.69	NOK 4.40 +537.7%	29.5%	NOK 5.70	NOK 3.10	n/a	2
Aug ’25	NOK 1.07	NOK 4.40 +311.2%	29.5%	NOK 5.70	NOK 3.10	n/a	2
Jul ’25	NOK 2.96	NOK 11.57 +290.8%	82.3%	NOK 25.00	NOK 4.00	n/a	3
Jun ’25	NOK 3.20	NOK 11.57 +261.5%	82.3%	NOK 25.00	NOK 4.00	n/a	3
May ’25	NOK 4.66	NOK 11.57 +148.2%	82.3%	NOK 25.00	NOK 4.00	n/a	3
Apr ’25	NOK 4.65	NOK 11.57 +148.7%	82.3%	NOK 25.00	NOK 4.00	n/a	3
Mar ’25	NOK 3.63	NOK 11.57 +218.6%	82.3%	NOK 25.00	NOK 4.00	n/a	3
Feb ’25	NOK 7.50	NOK 22.67 +202.2%	24.5%	NOK 28.00	NOK 15.00	n/a	3
Jan ’25	NOK 8.90	NOK 24.33 +173.4%	13.6%	NOK 28.00	NOK 20.00	n/a	3
Dec ’24	NOK 9.85	NOK 24.33 +147.0%	13.6%	NOK 28.00	NOK 20.00	n/a	3
Nov ’24	NOK 11.34	NOK 25.00 +120.5%	9.8%	NOK 28.00	NOK 22.00	n/a	3
Oct ’24	NOK 11.00	NOK 25.00 +127.3%	9.8%	NOK 28.00	NOK 22.00	NOK 0.46	3
Sep ’24	NOK 11.30	NOK 25.00 +121.2%	9.8%	NOK 28.00	NOK 22.00	NOK 0.69	3
Aug ’24	NOK 11.90	NOK 25.00 +110.1%	9.8%	NOK 28.00	NOK 22.00	NOK 1.07	3
Jul ’24	NOK 9.70	NOK 25.00 +157.7%	9.8%	NOK 28.00	NOK 22.00	NOK 2.96	3
Jun ’24	NOK 12.20	NOK 25.00 +105.0%	9.8%	NOK 28.00	NOK 22.00	NOK 3.20	3

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.