Now trading at a price of $31.88, Equinor ASA has moved -0.7% so far today.
As of April 2023, Equinor ASA shares had a 50-day average price of $32.91. Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. Based in Stavanger, Norway, the large-cap Energy company has 21,936 full time employees. Equinor ASA has offered a 3.7% dividend yield over the last 12 months.
Wider Gross Margins Than the Industry Average of 36.54%:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $79,593 | $79,593 | $64,357 | $90,924 | $150,806 | $150,806 |
| Gross Margins | 52% | 52% | 54% | 61% | 64% | 64% |
| Operating Margins | 25% | 25% | 14% | 37% | 52% | 52% |
| Net Margins | 9% | 9% | 3% | 9% | 19% | 19% |
| Net Income (MM) | $7,538 | $7,538 | $2,174 | $8,576 | $28,746 | $28,746 |
| Net Interest Expense (MM) | -$351 | -$7 | -$7 | -$836 | -$207 | -$207 |
| Depreciation & Amort. (MM) | $9,249 | $13,204 | $15,235 | $15,235 | $11,719 | $8,878 |
| Free Cash Flow (MM) | $19,694 | $19,694 | $13,749 | $28,816 | $35,136 | $35,136 |
| Net Current Assets (MM) | -$45,158 | -$52,646 | -$60,093 | -$46,270 | -$30,944 | -$26,880 |
| Long Term Debt (MM) | $52,197 | $59,145 | $71,360 | $69,091 | $64,557 | $60,493 |
| Net Debt / EBITDA | 2.04 | 2.03 | 3.24 | 1.7 | 0.9 | 0.89 |
Equinor ASA has growing revenues and no capital expenditures and low leverage. Additionally, the company's financial statements display wider gross margins than its peer group and decent operating margins with a positive growth rate. Furthermore, Equinor ASA has positive expected EPS Growth and irregular cash flows.
Equinor ASA Is Fairly Priced at Current Levels:
Equinor ASA has a trailing twelve month P/E ratio of 5.9, compared to an average of 7.54 for the Energy sector. Based on its EPS guidance of $6.14, the company has a forward P/E ratio of 5.4. Furthermore, Equinor ASA is likely overvalued compared to the book value of its equity, since its P/B ratio of 1.94 is higher than the sector average of 1.68.
There's an Analyst Consensus of Some Upside Potential for Equinor ASA:
The 3 analysts following Equinor ASA have set target prices ranging from $33.3 to $38.0 per share, for an average of $35.1 with a buy rating. As of April 2023, the company is trading -6.2% away from its average target price, indicating that there is an analyst consensus of some upside potential.
The largest shareholder is Folketrygdfondet, whose 4% stake in the company is worth $3,412,519,655.
