Financials EnQuest PLC

Equities

ENQ

GB00B635TG28

Oil & Gas Exploration and Production

Market Closed - London S.E. 16:35:04 31/05/2024 BST 5-day change 1st Jan Change
16.12 GBX +0.75% Intraday chart for EnQuest PLC +7.04% +6.90%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 463.4 255.3 466 477.9 362.9 390.1 - -
Enterprise Value (EV) 1 1,868 1,530 1,688 1,195 362.9 662.2 486.1 169.8
P/E ratio -1.04 x -0.41 x 1.18 x -11.8 x -12 x 3.45 x 3.3 x 6.71 x
Yield - - - - - 4.88% 7.31% -
Capitalization / Revenue 0.28 x 0.29 x 0.37 x 0.26 x 0.24 x 0.3 x 0.3 x 0.35 x
EV / Revenue 1.13 x 1.77 x 1.33 x 0.64 x 0.24 x 0.51 x 0.38 x 0.15 x
EV / EBITDA 1.86 x 2.78 x 2.27 x 1.22 x 0.44 x 0.82 x 0.6 x 0.24 x
EV / FCF 2.57 x - 2.68 x 1.45 x - 1.91 x 1.38 x 0.49 x
FCF Yield 39% - 37.3% 68.9% - 52.4% 72.3% 204%
Price to Book 0.84 x -3.94 x - 1 x - 0.65 x 0.52 x 0.46 x
Nbr of stocks (in thousands) 1,622,605 1,652,569 1,839,866 1,846,206 1,890,641 1,901,740 - -
Reference price 2 0.2856 0.1545 0.2533 0.2588 0.1920 0.2051 0.2051 0.2051
Announcement Date 09/04/20 25/03/21 24/03/22 05/04/23 28/03/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,646 865.6 1,266 1,854 1,487 1,304 1,288 1,115
EBITDA 1 1,006 550.6 742.9 979.1 824.7 805.8 806.1 707.3
EBIT 1 -467.8 -20.02 443.2 709.2 482.6 473.6 454.8 356.8
Operating Margin -28.41% -2.31% 35.01% 38.26% 32.44% 36.32% 35.3% 32.02%
Earnings before Tax (EBT) 1 -729.1 -566 352.4 203.2 231.8 345.3 341.4 273
Net income 1 -449.3 -625.8 377 -41.23 -30.83 110.8 112 97.34
Net margin -27.29% -72.29% 29.78% -2.22% -2.07% 8.5% 8.69% 8.73%
EPS 2 -0.2740 -0.3780 0.2140 -0.0220 -0.0160 0.0594 0.0621 0.0306
Free Cash Flow 1 728 - 630.4 823.9 - 347 351.5 346.5
FCF margin 44.22% - 49.8% 44.45% - 26.62% 27.28% 31.09%
FCF Conversion (EBITDA) 72.33% - 84.86% 84.15% - 43.06% 43.61% 48.99%
FCF Conversion (Net income) - - 167.23% - - 313.23% 313.87% 355.97%
Dividend per Share 2 - - - - - 0.0100 0.0150 -
Announcement Date 09/04/20 25/03/21 24/03/22 05/04/23 28/03/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 S1 2021 S2 2022 S1 2023 S1 2024 S1
Net sales 1 - - 481.3 784.5 838.8 770.4 599
EBITDA - - 332.4 397.5 536.3 - -
EBIT 1 - - 175.4 267.8 416.1 221.4 230
Operating Margin - - 36.43% 34.14% 49.61% 28.74% 38.4%
Earnings before Tax (EBT) 1 - - 49.07 303.4 182.6 112.9 143
Net income 1 - -619 -56.37 433.4 203.5 -21.22 60
Net margin - - -11.71% 55.24% 24.26% -2.75% 10.02%
EPS 2 -0.3010 -0.3740 -0.0340 0.2480 0.1090 -0.0120 0.0320
Dividend per Share - - - - - - -
Announcement Date 09/04/20 03/09/20 02/09/21 24/03/22 06/09/22 05/09/23 -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,405 1,274 1,222 717 - 272 96 -
Net Cash position 1 - - - - - - - 220
Leverage (Debt/EBITDA) 1.396 x 2.315 x 1.645 x 0.7324 x - 0.3378 x 0.1191 x -
Free Cash Flow 1 728 - 630 824 - 347 352 347
ROE (net income / shareholders' equity) 27.8% -10.6% 123% -8.21% - 20.5% 20.1% 9.52%
ROA (Net income/ Total Assets) 4.11% -14.8% - -0.98% - 3.37% 3.65% 2.09%
Assets 1 -10,941 4,242 - 4,195 - 3,286 3,066 4,657
Book Value Per Share 2 0.3400 -0.0400 - 0.2600 - 0.3100 0.4000 0.4500
Cash Flow per Share 0.5800 - - - - - - -
Capex 1 234 131 43.7 108 - 203 202 111
Capex / Sales 14.23% 15.18% 3.45% 5.81% - 15.57% 15.68% 9.96%
Announcement Date 09/04/20 25/03/21 24/03/22 05/04/23 28/03/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
0.2051 USD
Average target price
0.3013 USD
Spread / Average Target
+46.88%
Consensus
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