A Look at Expro Group Holdings's (NYSE:XPRO) Valuation Following Its First ELITE Composition Service Deployment in Cyprus

Expro Group Holdings (NYSE:XPRO) just wrapped up the first deployment of its ELITE Composition service for a key exploration project in Cyprus. This service gives operators lab-quality fluid measurements directly at the rig in under eight hours.

See our latest analysis for Expro Group Holdings.

Expro’s recent innovation comes at a time when momentum in the share price is picking up. After a flat start to the year, its 90-day share price return stands at a strong 24.6%. However, the 1-year total shareholder return remains down 8.4%, reflecting lingering caution despite operational breakthroughs like the Cyprus project.

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With shares still trading nearly 10% below analyst price targets despite operational progress, the big question is whether Expro’s upside is actually undervalued or if markets have already factored in what comes next.

Most Popular Narrative: 8.8% Undervalued

Expro’s most followed narrative puts its fair value just above the current last close, indicating analysts see more room for upside if everything falls into place as forecast. The focus is not just on recent price action, but on drivers that could push long-term profitability to another level.

Accelerated development and deployment of advanced digital and automation technologies, such as remote operations and AI-driven tools, are enhancing operational efficiency and margin expansion. This creates potential for further net margin and earnings improvements as adoption grows.

Read the complete narrative.

What’s the secret sauce behind this upbeat valuation? The narrative’s fair value is powered by a forward-looking combination of steady revenue, rising profit margins, and a bold long-term profit multiple. Want to discover the numbers behind these bullish assumptions? Find out what’s fueling analyst conviction, then form your own view before the market catches on.

Result: Fair Value of $14.20 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent geopolitical tensions or a global push toward renewables could disrupt revenue stability and present challenges to Expro’s projected margin improvements.

Find out about the key risks to this Expro Group Holdings narrative.

Another View: What Do Multiples Say?

While the previous analysis points to upside based on future earnings, the current price-to-earnings ratio of 21.7x puts Expro ahead of both its industry average (16.3x) and the peer group (23x). However, compared to its fair ratio of 13.9x, the stock looks expensive. This highlights potential valuation risk if market expectations reset. Could today’s premium leave little margin for error, or is the company’s momentum enough to justify it?

See what the numbers say about this price — find out in our valuation breakdown.

Build Your Own Expro Group Holdings Narrative

If you see things differently or want to dive into the numbers on your own, you can build a personalized narrative in just a few minutes, your way with Do it your way.

A great starting point for your Expro Group Holdings research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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