Equinor logged a -1.3% change during today's evening session, and is now trading at a price of $27.6 per share.
Over the last year, Equinor logged a -4.8% change, with its stock price reaching a high of $34.73 and a low of $24.44. Over the same period, the stock underperformed the S&P 500 index by -28.1%. AThe company's 50-day average price was $27.91. 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 23,449 full time employees. Equinor has offered a 4.6% dividend yield over the last 12 months.
Growing Revenues With No Capital Eexpenditures:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $79,593 | $64,357 | $45,818 | $90,924 | $150,806 | $107,174 |
| Operating Margins | 25% | 14% | -7% | 37% | 52% | 33% |
| Net Margins | 9% | 3% | -12% | 9% | 19% | 11% |
| Net Income (M) | $7,538 | $1,851 | -$5,496 | $8,576 | $28,744 | $11,904 |
| Net Interest Expense (M) | -$1,263 | -$7 | -$836 | -$2,080 | -$207 | $2,114 |
| Depreciation & Amort. (M) | $9,249 | $13,204 | $9,515 | $10,432 | $8,878 | $9,373 |
| Diluted Shares (M) | 3,335 | 3,334 | 3,277 | 3,254 | 3,183 | 2,945 |
| Earnings Per Share | $2.27 | $0.55 | -$1.69 | $2.63 | $9.03 | $3.93 |
| EPS Growth | n/a | -75.77% | -407.27% | 255.62% | 243.35% | -56.48% |
| Free Cash Flow (M) | $19,694 | $13,749 | $10,386 | $28,816 | $26,525 | $14,126 |
| Total Debt (M) | $23,264 | $21,754 | $29,118 | $27,404 | $24,141 | $22,230 |
| Net Debt / EBITDA | 0.53 | 0.74 | 3.67 | 0.3 | 0.1 | 0.28 |
| Current Ratio | 1.57 | 1.27 | 1.58 | 1.59 | 1.77 | 1.71 |
Equinor has strong operating margins with a positive growth rate and positive EPS growth. Additionally, the company's financial statements display a decent current ratio of 1.71 and healthy leverage levels. Furthermore, Equinor has positive cash flows.
The Market May Be Undervaluing Equinor's Assets and Equity:
Equinor has a trailing twelve month P/E ratio of 8.6, compared to an average of 14.36 for the Energy sector. Based on its EPS guidance of $3.51, the company has a forward P/E ratio of 8.0. The 6.4% compound average growth rate of Equinor's historical and projected earnings per share yields a PEG ratio of 1.34. This implies that the shares are fairly valued. Additionally, the market is possibly undervaluing Equinor in terms of its equity because its P/B ratio is 1.62 whereas the sector average is 2.1. The company's shares are currently trading -27.7% above their Graham number.
There's an Analyst Consensus of Some Upside Potential for Equinor:
The 5 analysts following Equinor have set target prices ranging from $29.39 to $35.0 per share, for an average of $31.48 with a buy rating. The company is trading -12.3% 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 $2,902,054,976.
