BW Energy Limited

OM:BWEO Stock Report

Market Cap: NOK 6.3b

BW Energy Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: BWEO (NOK21.7) is trading above our estimate of fair value (NOK1.56)

Significantly Below Fair Value: BWEO is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BWEO. This is calculated by dividing BWEO's market cap by their current earnings.
What is BWEO's PE Ratio?
PE Ratio3x
EarningsUS$190.10m
Market CapUS$568.65m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BWEO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.2x
EGY VAALCO Energy
6.2x-3.2%US$561.3m
COME Sociedad Comercial del Plata
31.6xn/aAR$823.4b
PBT Permian Basin Royalty Trust
17.8xn/aUS$646.0m
POL Pakistan Oilfields
5.4x6.2%PK₨163.0b
BWEO BW Energy
3x11.7%NOK 6.3b

Price-To-Earnings vs Peers: BWEO is good value based on its Price-To-Earnings Ratio (3x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

How does BWEO's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BWEO 3.0xIndustry Avg. 9.2xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BWEO is good value based on its Price-To-Earnings Ratio (3x) compared to the European Oil and Gas industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is BWEO'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.

BWEO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BWEO's Price-To-Earnings Fair Ratio for valuation analysis.

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 BWEO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 21.70
NOK 36.44
+67.9%
16.3%NOK 43.57NOK 28.74n/a4
Nov ’25NOK 23.00
NOK 36.79
+60.0%
15.9%NOK 43.59NOK 29.38n/a4
Oct ’25NOK 23.20
NOK 37.55
+61.9%
16.9%NOK 44.29NOK 28.97n/a4
Sep ’25NOK 26.50
NOK 37.28
+40.7%
13.7%NOK 42.97NOK 31.50n/a4
Aug ’25NOK 31.05
NOK 38.79
+24.9%
11.7%NOK 43.50NOK 32.87n/a4
Jul ’25NOK 31.00
NOK 36.25
+16.9%
9.4%NOK 40.30NOK 31.93n/a3
Jun ’25NOK 33.40
NOK 35.24
+5.5%
11.3%NOK 39.71NOK 30.02n/a3
May ’25NOK 29.45
NOK 33.53
+13.9%
10.2%NOK 38.37NOK 31.01n/a3
Apr ’25NOK 26.55
NOK 32.54
+22.6%
9.5%NOK 36.91NOK 30.02n/a3
Mar ’25NOK 27.20
NOK 34.58
+27.1%
7.6%NOK 37.24NOK 30.98n/a3
Feb ’25NOK 27.90
NOK 34.94
+25.2%
4.3%NOK 36.74NOK 33.05n/a3
Jan ’25NOK 27.00
NOK 35.60
+31.9%
1.5%NOK 36.13NOK 35.08n/a2
Dec ’24NOK 25.20
NOK 37.03
+46.9%
1.0%NOK 37.39NOK 36.67n/a2
Nov ’24NOK 28.00
NOK 39.28
+40.3%
15.9%NOK 47.83NOK 33.01NOK 23.003
Oct ’24NOK 27.50
NOK 39.28
+42.8%
15.9%NOK 47.83NOK 33.01NOK 23.203
Sep ’24NOK 26.55
NOK 39.78
+49.8%
15.4%NOK 47.83NOK 33.01NOK 26.503
Aug ’24NOK 30.00
NOK 39.78
+32.6%
16.9%NOK 48.38NOK 32.01NOK 31.053
Jul ’24NOK 25.75
NOK 39.78
+54.5%
16.9%NOK 48.38NOK 32.01NOK 31.003
Jun ’24NOK 26.15
NOK 44.56
+70.4%
13.6%NOK 49.75NOK 36.03NOK 33.403
May ’24NOK 27.60
NOK 42.84
+55.2%
11.9%NOK 47.88NOK 35.88NOK 29.453
Apr ’24NOK 26.18
NOK 43.97
+67.9%
13.4%NOK 49.98NOK 35.95NOK 26.553
Mar ’24NOK 29.02
NOK 45.07
+55.3%
14.7%NOK 52.04NOK 36.18NOK 27.203
Feb ’24NOK 27.90
NOK 43.77
+56.9%
12.0%NOK 49.63NOK 36.90NOK 27.903
Jan ’24NOK 24.48
NOK 42.02
+71.7%
18.7%NOK 49.83NOK 31.26NOK 27.003
Dec ’23NOK 27.12
NOK 42.02
+55.0%
18.7%NOK 49.83NOK 31.26NOK 25.203
Nov ’23NOK 26.78
NOK 42.09
+57.2%
24.0%NOK 52.21NOK 31.97NOK 28.002

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

ShaMaran Petroleum

CA$311.9m

Engages in the oil and gas exploration and production.

SNM

CA$0.88

7D

15.7%

1Y

152.0%

Tethys Oil

SEK 1.6b

Explores for and produces oil and natural gas properties in the Sultanate of Oman.

TETY IL

SEK 3.00

7D

0%

1Y

n/a

Frontline

US$3.1b

A shipping company, engages in the seaborne transportation of crude oil and oil products worldwide.

FROO

US$141.00

7D

n/a

1Y

n/a