EQNR

EQNR — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($29.83)
DCF$137.39+360.6%
Graham Number$26.52-11.1%
Reverse DCFimplied g: -19.2%
DDM$32.14+7.7%
EV/EBITDA$30.03+0.7%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $20.20B
Rev: -4.7% / EPS: -27.5%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$137.39
Current Price$29.83
Upside / Downside+360.6%
Net Debt (used)$11.89B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$138.61$167.60$201.33$240.37$285.33
8.0%$113.10$136.43$163.54$194.87$230.91
9.0%$95.42$114.85$137.39$163.40$193.29
10.0%$82.44$99.02$118.21$140.35$165.75
11.0%$72.50$86.91$103.56$122.74$144.72

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.94
Yahoo: $16.11

Results

Graham Number$26.52
Current Price$29.83
Margin of Safety-11.1%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$29.83
Implied Near-term FCF Growth-19.2%
Historical Revenue Growth-4.7%
Historical Earnings Growth-27.5%
Base FCF (TTM)$20.20B
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: $1.56

Results

DDM Intrinsic Value / share$32.14
Current Price$29.83
Upside / Downside+7.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $37.19B
Current: 2.3×
Default: $11.89B

Results

Implied Equity Value / share$30.03
Current Price$29.83
Upside / Downside+0.7%
Implied EV$86.81B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$5.89B$8.89B$11.89B$14.89B$17.89B
-1.7x$-27.20$-28.40$-29.60$-30.80$-32.01
0.3x$2.62$1.42$0.21$-0.99$-2.19
2.3x$32.43$31.23$30.03$28.83$27.62
4.3x$62.25$61.05$59.84$58.64$57.44
6.3x$92.06$90.86$89.66$88.46$87.25