As part of our ongoing series here at The Acquirer’s Multiple, each week we focus on one of the stocks from our Stock Screeners, and why it’s a ‘buy’ based on key fundamentals.
One of the cheapest stocks in our Stock Screeners is:
Equinor ASA (EQNR)
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2023 (53% liquids) and ended 2023 with 5.2 billion barrels of proven reserves (49% liquids). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.
A quick look at the share price history (below) over the past twelve months shows that the price is down 26.62%. Here’s why the company is undervalued.
Source: Google Finance
Key Stats
Market Cap: $67.21 Billion
Enterprise Value: $66.13 Billion
Operating Earnings
Operating Earnings: $30.75 Billion
Acquirer’s Multiple
Acquirer’s Multiple: 2.20
Free Cash Flow (TTM)
Free Cash Flow: $8.86 Billion
FCF/MC Yield %:
FCF/MC Yield: 13.19
Shareholder Yield %:
Shareholder Yield: 22.90
Other Indicators
Piotroski F Score: 6.00
Dividend Yield %: 13.90
ROA (5 Year Avge%): 23
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