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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 10.8x - 11.9x | 11.4x |
Selected Fwd P/E Multiple | 9.3x - 10.2x | 9.7x |
Fair Value | $23.75 - $26.25 | $25 |
Upside | 53.2% - 69.3% | 61.3% |
Benchmarks | - | Full Ticker |
Magnolia Oil & Gas Corporation | - | NYSE:MGY |
Chord Energy Corporation | - | NasdaqGS:CHRD |
EQT Corporation | - | NYSE:EQT |
Diamondback Energy, Inc. | - | NasdaqGS:FANG |
Ovintiv Inc. | - | NYSE:OVV |
APA Corporation | - | NasdaqGS:APA |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
MGY | CHRD | EQT | FANG | OVV | APA | |||
NYSE:MGY | NasdaqGS:CHRD | NYSE:EQT | NasdaqGS:FANG | NYSE:OVV | NasdaqGS:APA | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 50.1% | NM- | NM- | 69.1% | 36.9% | NM- | ||
3Y CAGR | -4.5% | 64.8% | NM- | 15.3% | -7.4% | -6.2% | ||
Latest Twelve Months | 1.7% | -17.2% | -40.5% | 6.3% | -46.0% | -71.8% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -8.4% | -32.3% | -6.9% | -0.9% | -6.1% | -8.5% | ||
Prior Fiscal Year | 31.3% | 28.1% | 34.9% | 39.2% | 19.6% | 35.1% | ||
Latest Fiscal Year | 27.5% | 17.2% | 4.6% | 31.4% | 12.6% | 8.5% | ||
Latest Twelve Months | 28.1% | 17.2% | 6.0% | 31.4% | 12.6% | 8.5% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 4.3x | 2.7x | 13.6x | 6.9x | 3.5x | 2.2x | ||
Price / LTM Sales | 3.0x | 1.1x | 5.2x | 3.7x | 1.0x | 0.6x | ||
LTM P/E Ratio | 10.3x | 6.4x | 86.7x | 11.6x | 8.0x | 7.1x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 6.4x | 10.3x | 86.7x | |||||
Historical LTM P/E Ratio | -0.7x | 7.1x | 16.3x | |||||
Selected P/E Multiple | 10.8x | 11.4x | 11.9x | |||||
(x) LTM Net Income | 804 | 804 | 804 | |||||
(=) Equity Value | 8,671 | 9,127 | 9,584 | |||||
(/) Shares Outstanding | 361.7 | 361.7 | 361.7 | |||||
Implied Value Range | 23.97 | 25.24 | 26.50 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 23.97 | 25.24 | 26.50 | 15.50 | ||||
Upside / (Downside) | 54.7% | 62.8% | 71.0% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | MGY | CHRD | EQT | FANG | OVV | APA | |
Value of Common Equity | 3,834 | 5,371 | 32,038 | 38,929 | 8,960 | 5,606 | |
(/) Shares Outstanding | 186.9 | 59.5 | 598.6 | 292.5 | 260.3 | 361.7 | |
Implied Stock Price | 20.51 | 90.28 | 53.52 | 133.08 | 34.42 | 15.50 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 20.51 | 90.28 | 53.52 | 133.08 | 34.42 | 15.50 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |