EQNR Valuation

Equinor ASA

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24.320

+0.04(0.165%)1D

Overview
Forecast
Valuation
Earnings

EQNR Relative Valuation

EQNR's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, EQNR is overvalued; if below, it's undervalued.

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Historical Valuation

Equinor ASA (EQNR) is now in the Fair zone, suggesting that its current forward PE ratio of 8.34 is considered Fairly compared with the five-year average of 7.67. The fair price of Equinor ASA (EQNR) is between 18.86 to 31.53 according to relative valuation methord.

Relative Value

Fair Zone

18.86-31.53

Current Price：24.32

Fair

8.34

Trailing

Forward

1.91

EV/EBITDA

Equinor ASA. (EQNR) has a current EV/EBITDA of 1.91. The 5-year average EV/EBITDA is 1.96. The thresholds are as follows: Strongly Undervalued below 0.59, Undervalued between 0.59 and 1.28, Fairly Valued between 2.65 and 1.28, Overvalued between 2.65 and 3.33, and Strongly Overvalued above 3.33. The current Forward EV/EBITDA of 1.91 falls within the Historic Trend Line -Fairly Valued range.

2.64

EV/EBIT

Equinor ASA. (EQNR) has a current EV/EBIT of 2.64. The 5-year average EV/EBIT is 2.72. The thresholds are as follows: Strongly Undervalued below -0.45, Undervalued between -0.45 and 1.14, Fairly Valued between 4.31 and 1.14, Overvalued between 4.31 and 5.90, and Strongly Overvalued above 5.90. The current Forward EV/EBIT of 2.64 falls within the Historic Trend Line -Fairly Valued range.

0.66

Equinor ASA. (EQNR) has a current PS of 0.66. The 5-year average PS is 0.80. The thresholds are as follows: Strongly Undervalued below 0.53, Undervalued between 0.53 and 0.66, Fairly Valued between 0.93 and 0.66, Overvalued between 0.93 and 1.06, and Strongly Overvalued above 1.06. The current Forward PS of 0.66 falls within the Undervalued range.

3.41

P/OCF

Equinor ASA. (EQNR) has a current P/OCF of 3.41. The 5-year average P/OCF is 3.44. The thresholds are as follows: Strongly Undervalued below 2.34, Undervalued between 2.34 and 2.89, Fairly Valued between 3.98 and 2.89, Overvalued between 3.98 and 4.53, and Strongly Overvalued above 4.53. The current Forward P/OCF of 3.41 falls within the Historic Trend Line -Fairly Valued range.

11.60

P/FCF

Equinor ASA. (EQNR) has a current P/FCF of 11.60. The 5-year average P/FCF is 8.00. The thresholds are as follows: Strongly Undervalued below 1.48, Undervalued between 1.48 and 4.74, Fairly Valued between 11.26 and 4.74, Overvalued between 11.26 and 14.52, and Strongly Overvalued above 14.52. The current Forward P/FCF of 11.60 falls within the Overvalued range.

Equinor ASA (EQNR) has a current Price-to-Book (P/B) ratio of 1.53. Compared to its 3-year average P/B ratio of 1.81 , the current P/B ratio is approximately -15.43% higher. Relative to its 5-year average P/B ratio of 1.92, the current P/B ratio is about -20.20% higher. Equinor ASA (EQNR) has a Forward Free Cash Flow (FCF) yield of approximately 12.58%. Compared to its 3-year average FCF yield of 17.99%, the current FCF yield is approximately -30.06% lower. Relative to its 5-year average FCF yield of 15.97% , the current FCF yield is about -21.19% lower.

1.53

P/B

Median3y

1.81

Median5y

1.92

12.58

FCF Yield

Median3y

17.99

Median5y

15.97

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Competitors Valuation Multiple

The average P/S ratio for EQNR's competitors is 0.99, providing a benchmark for relative valuation. Equinor ASA Corp (EQNR) exhibits a P/S ratio of 0.66, which is -33.00% above the industry average. Given its robust revenue growth of -1.30%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Petroleo Brasileiro SA Petrobras

Performance Decomposition

Market capitalization of EQNR decreased by 9.56% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 6.72 to 8.10.

The secondary factor is the Revenue Growth, contributed -1.30%to the performance.

Overall, the performance of EQNR in the past 1 year is driven by P/E Change. Which is more unsustainable.

-1.30%

25.46B → 25.13B

Revenue Growth

-28.71%

7.35 → 5.24

Margin Expansion

20.45%

6.72 → 8.10

P/E Change

-9.56%