Denbury Inc.

NYSE:DEN Stock Report

Market Cap: US$4.6b

Denbury Valuation

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

Below Fair Value: DEN ($88.66) is trading below our estimate of fair value ($983.65)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DEN. This is calculated by dividing DEN's market cap by their current earnings.
What is DEN's PE Ratio?
PE Ratio9.5x
EarningsUS$482.02m
Market CapUS$4.56b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.8x
NOG Northern Oil and Gas
4.9x-25.0%US$4.1b
CIVI Civitas Resources
5x-3.5%US$4.9b
MUR Murphy Oil
10x13.1%US$4.7b
CRGY Crescent Energy
39.4x65.9%US$3.3b
DEN Denbury
9.5x-18.5%US$4.6b

Price-To-Earnings vs Peers: DEN is expensive based on its Price-To-Earnings Ratio (9.5x) compared to the peer average (7.4x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
DEN 9.5xIndustry Avg. 11.8xNo. of Companies16PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DEN is expensive based on its Price-To-Earnings Ratio (9.5x) compared to the US Oil and Gas industry average (7.6x).

Price to Earnings Ratio vs Fair Ratio

What is DEN'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.

DEN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.5x
Fair PE Ratio6.9x

Price-To-Earnings vs Fair Ratio: DEN is expensive based on its Price-To-Earnings Ratio (9.5x) 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 DEN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Nov ’25n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Oct ’25n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Sep ’25n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Aug ’25n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Jul ’25n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Jun ’25n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
May ’25n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Apr ’25n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Mar ’25n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Feb ’25n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Jan ’25n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Dec ’24n/a
US$96.38
0%
8.9%US$115.00US$87.00n/a8
Nov ’24US$88.66
US$96.38
+8.7%
8.9%US$115.00US$87.00n/a8
Oct ’24US$98.01
US$98.89
+0.9%
11.1%US$120.00US$87.00n/a9
Sep ’24US$93.25
US$98.89
+6.0%
11.1%US$120.00US$87.00n/a9
Aug ’24US$87.38
US$100.70
+15.2%
12.7%US$120.00US$85.00n/a10
Jul ’24US$86.26
US$108.17
+25.4%
14.9%US$140.00US$73.00n/a12
Jun ’24US$90.85
US$109.64
+20.7%
15.1%US$140.00US$73.00n/a11
May ’24US$93.22
US$109.82
+17.8%
14.7%US$140.00US$73.00n/a11
Apr ’24US$87.63
US$109.36
+24.8%
14.7%US$138.00US$73.00n/a11
Mar ’24US$84.21
US$112.45
+33.5%
17.9%US$156.00US$73.00n/a11
Feb ’24US$84.60
US$113.27
+33.9%
18.0%US$156.00US$73.00n/a11
Jan ’24US$87.02
US$113.08
+30.0%
17.3%US$155.00US$73.00n/a12
Dec ’23US$88.26
US$110.82
+25.6%
14.7%US$144.00US$81.00n/a11
Nov ’23US$91.85
US$109.18
+18.9%
15.7%US$146.00US$81.00US$88.6611

Analyst Forecast: Target price is less than 20% higher than the current share price.

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