Tethys Oil AB (publ)

OM:TETY Stock Report

Market Cap: SEK 1.9b

Tethys Oil Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: TETY (SEK58.4) is trading below our estimate of fair value (SEK64.69)

Significantly Below Fair Value: TETY is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As TETY is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TETY. This is calculated by dividing TETY's market cap by their current revenue.
What is TETY's PS Ratio?
PS Ratio1.3x
SalesUS$128.10m
Market CapUS$170.90m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TETY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.2x
MAHA A Maha Energy
16.8x9.1%SEK 1.1b
BIOGAS Biokraft International
1.9xn/aSEK 880.3m
CCOR B Concordia Maritime
1.6xn/aSEK 466.8m
JSE Jadestone Energy
0.4x2.6%UK£131.2m
TETY Tethys Oil
1.3x-1.6%SEK 1.9b

Price-To-Sales vs Peers: TETY is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (5.2x).

Price to Sales Ratio vs Industry

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

24 CompaniesPrice / SalesEstimated GrowthMarket Cap
TETY 1.3xIndustry Avg. 1.2xNo. of Companies24PS00.81.62.43.24+
24 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TETY is expensive based on its Price-To-Sales Ratio (1.3x) compared to the European Oil and Gas industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is TETY'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.

TETY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ratio4.4x

Price-To-Sales vs Fair Ratio: TETY is good value based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (4.4x).

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 TETY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 58.40
SEK 51.33
-12.1%
14.7%SEK 58.90SEK 43.76n/a2
Dec ’25SEK 57.40
SEK 62.09
+8.2%
30.6%SEK 81.11SEK 43.08n/a2
Nov ’25SEK 56.70
SEK 61.43
+8.3%
30.2%SEK 80.00SEK 42.86n/a2
Oct ’25SEK 54.60
SEK 60.64
+11.1%
31.7%SEK 79.84SEK 41.44n/a2
Sep ’25SEK 31.30
SEK 80.71
+157.9%
33.4%SEK 102.38SEK 42.71n/a3
Aug ’25SEK 33.90
SEK 82.19
+142.5%
34.2%SEK 104.72SEK 42.61n/a3
Jul ’25SEK 34.20
SEK 83.27
+143.5%
34.7%SEK 106.42SEK 42.52n/a3
Jun ’25SEK 35.75
SEK 83.27
+132.9%
34.7%SEK 106.42SEK 42.52n/a3
May ’25SEK 36.60
SEK 74.56
+103.7%
43.0%SEK 106.63SEK 42.50n/a2
Apr ’25SEK 35.56
SEK 82.14
+131.0%
34.1%SEK 103.33SEK 42.54n/a3
Mar ’25SEK 34.85
SEK 82.14
+135.7%
34.1%SEK 103.33SEK 42.54n/a3
Feb ’25SEK 40.62
SEK 80.26
+97.6%
28.1%SEK 102.84SEK 57.69n/a2
Jan ’25SEK 43.46
SEK 87.19
+100.6%
24.2%SEK 104.46SEK 57.54n/a3
Dec ’24SEK 44.53
SEK 87.19
+95.8%
24.2%SEK 104.46SEK 57.54SEK 57.403
Nov ’24SEK 57.00
SEK 89.70
+57.4%
27.6%SEK 114.49SEK 64.90SEK 56.702
Oct ’24SEK 54.92
SEK 88.43
+61.0%
29.4%SEK 114.45SEK 62.42SEK 54.602
Sep ’24SEK 54.68
SEK 91.00
+66.4%
24.4%SEK 109.50SEK 59.73SEK 31.303
Aug ’24SEK 53.78
SEK 98.74
+83.6%
22.0%SEK 121.94SEK 69.72SEK 33.903
Jul ’24SEK 48.75
SEK 102.15
+109.5%
16.2%SEK 121.34SEK 81.06SEK 34.203
Jun ’24SEK 46.80
SEK 102.15
+118.3%
16.2%SEK 121.34SEK 81.06SEK 35.753
May ’24SEK 52.45
SEK 103.55
+97.4%
16.2%SEK 117.50SEK 80.00SEK 36.603
Apr ’24SEK 54.70
SEK 105.84
+93.5%
16.4%SEK 120.39SEK 81.47SEK 35.563
Mar ’24SEK 58.25
SEK 98.12
+68.5%
17.3%SEK 115.14SEK 81.11SEK 34.852
Feb ’24SEK 62.00
SEK 126.49
+104.0%
4.6%SEK 132.33SEK 120.66SEK 40.622
Jan ’24SEK 60.50
SEK 126.49
+109.1%
4.6%SEK 132.33SEK 120.66SEK 43.462
Dec ’23SEK 61.55
SEK 126.49
+105.5%
4.6%SEK 132.33SEK 120.66SEK 44.532

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:02
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Tethys Oil AB (publ) is covered by 11 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John A. OlaisenABG Sundal Collier
Karl Schjøtt-PedersenABG Sundal Collier Sponsored
null nullABG Sundal Collier Sponsored