Capricorn Energy PLC (CNE) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Capricorn Energy PLC £8.75, price £4.27, upside +104.9%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range £1.42 – £10.51 · fair‑value band £6.13 – £11.38 · the £4.27 price screens below the £8.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 1, 2026.
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Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas the United Kingdom and internationally. It holds a portfolio of onshore development and production assets in the Egyptian Western Desert.
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Capricorn Energy PLC, an independent energy company, engages in the exploration, development, production, and sale of oil and gas the United Kingdom and internationally. It holds a portfolio of onshore development and production assets in the Egyptian Western Desert. The company was formerly known as Cairn Energy PLC and changed its name to Capricorn Energy PLC in December 2021. Capricorn Energy PLC was founded in 1980 and is headquartered in Edinburgh, the United Kingdom.
Stock analysis
Capricorn Energy PLC (CNE) currently trades at £4.27, while our model-based Fair Value estimate is £8.75, implying the stock looks roughly 51.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of £11.99 per share, and 16 of the 25 models we run sit above the £4.27 price.
Bear case: the Economic Profit group reads lowest at £1.80, and 9 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: £6.13 (bear) to £11.38 (bull), the price of £4.27 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Capricorn Energy PLC reported revenue of $138M in FY2025 versus $57.1M in FY2021, a compound +24.6%/yr. Reported net income was $19.4M in FY2025, compounding −61.6%/yr from FY2021.
Key figures
Market cap 310M GBX · P/E ratio 8.5 · P/S ratio 1.20 · EPS (TTM) £0.5000 · Net margin 14.1% · Return on equity 12.7% · Return on assets (EBIT) −4.3% · Operating margin 37.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 133% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at 105%, CNE screens cheaper than that median.
Fair Value models
Bear £6.13Fair Value £8.75Bull £11.38
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (£0.3767 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−22.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−15.7%
Revenue growth 39 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.3%
’06
’07
’08
’09
’17
’18
’19
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−41.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−41.5%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−32,550% → 5%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−22.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −24.6% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas E&P · 264 stocks
Beats the industry median on 15/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+104.9% · Top 25%
Profitability
Return on equity (TTM)12.7% · Above median
Return on assets6.3% · Above median
Net margin (TTM)28.2% · Top 25%
Operating margin (TTM)37.4% · Above median
Growth and dividend
Revenue growth68.3% · Top 25%
Dividend yield (TTM)17.1% · Top 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Capricorn Energy PLC Fair Value". https://www.fairvalue-calculator.com/stock/CNE
Frequently asked questions
Is Capricorn Energy PLC (CNE) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of £8.75 versus a price of £4.27, about +105% upside (undervalued).
What is the fair value of CNE?
Our model-based fair value for Capricorn Energy PLC is £8.75 (as of Oct 1, 2026), built from audited fundamentals. The current price: £4.27.
What is the quality score of CNE?
Capricorn Energy PLC has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Capricorn Energy PLC (CNE)?
Our model-based price target is the fair value of £8.75 (as of Oct 1, 2026) from 25 valuation models. Cautious scenario £6.13, optimistic scenario £11.38. It is a calculation from audited fundamentals, not an analyst target.
What is the Capricorn Energy PLC stock forecast for 2026?
Our models put fair value at £8.75, about +105% upside versus a price of £4.27 (undervalued). Cautious scenario £6.13, optimistic scenario £11.38. The calculation is refreshed regularly with new filings.
What is the revenue of Capricorn Energy PLC (CNE)?
Capricorn Energy PLC reported trailing-twelve-month revenue of about £176M (latest available figure, as of Oct 1, 2026).
What growth is priced into Capricorn Energy PLC (CNE)?
For today's price to be fair in a discounted-cash-flow model, Capricorn Energy PLC would have to grow free cash flow by -22.9 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +221.7 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of CNE use?
Our models discount Capricorn Energy PLC at 10.3 %: a base by market capitalisation (small), damped by beta 0.25, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Capricorn Energy PLC that is -22.9 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Capricorn Energy PLC (CNE) delivered so far?
Over the past 5 years revenue at Capricorn Energy PLC grew +221.7 % a year. The price currently implies -22.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Capricorn Energy PLC (CNE) growing?
The median revenue growth in the sector is +8.3 % a year. That is the yardstick for the growth priced into Capricorn Energy PLC (-22.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Capricorn Energy PLC (CNE)?
The free-cash-flow yield on the price is 21.96 %: that much free cash flow Capricorn Energy PLC produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Capricorn Energy PLC (CNE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Capricorn Energy PLC it is £8.75 per share (as of Oct 1, 2026), against a price of £4.27. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Capricorn Energy PLC stock overvalued or undervalued in 2026?
As of Oct 1, 2026, CNE trades below its calculated fair value: price £4.27, fair value £8.75, a gap of about +105% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CNE?
No. The price is what the market pays today (£4.27); the fair value is what the company's own numbers justify (£8.75). For Capricorn Energy PLC the two are £4.48 per share apart. That gap is exactly why we show both numbers side by side.
How much is Capricorn Energy PLC worth?
The market values Capricorn Energy PLC at about 310M GBX (market capitalisation, as of Oct 1, 2026). Per share that is £4.27; our models calculate a fair value of £8.75 per share.
What do the bullish and bearish scenarios say about CNE?
Our models span a range for Capricorn Energy PLC: cautious scenario £6.13, base £8.75, optimistic £11.38 per share (as of Oct 1, 2026, price £4.27). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CNE?
Capricorn Energy PLC trades at a price-to-earnings ratio of 8.5 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £8.75 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 14.9 (reported for FY2025: 21.0). Other multiples: PEG 0.6, P/B 1.1, P/S 2.3, EV/EBITDA 2.9.
What is the PEG ratio of CNE?
The PEG ratio of Capricorn Energy PLC is 0.61 (P/E divided by earnings growth, as of Oct 1, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Capricorn Energy PLC (CNE)?
Balance-sheet figures for Capricorn Energy PLC (as of Oct 1, 2026): return on equity 12.7%, debt of 0.08 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is CNE from its 52-week high?
Capricorn Energy PLC trades at £4.27, about 5% below its 52-week high of £4.50 and 133% above the low of £1.83 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of £8.75 is for.
Which stocks are comparable to Capricorn Energy PLC?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Capricorn Energy PLC stock attractive at the current price?
The data as of Oct 1, 2026: price £4.27, calculated fair value £8.75 (+105%), Quality Score 62/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CNE calculated?
We run Capricorn Energy PLC through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £8.75, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Capricorn Energy PLC currently trades 51 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Capricorn Energy PLC (CNE)?
The closing price on Oct 1, 2026 was £4.27. Our model-based fair value is £8.75, about +105% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Capricorn Energy PLC right now?
The price is below even our cautious bear case (£6.13). The market is more pessimistic than our downside scenario. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (£6.13 to £11.38) leaves room in how you read the outcome.
Key figures of Capricorn Energy PLC
How large is the market capitalisation of Capricorn Energy PLC (CNE)?
The market capitalisation of Capricorn Energy PLC is 310M GBX. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Capricorn Energy PLC (CNE)?
The price-to-sales ratio of Capricorn Energy PLC is 1.20 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Capricorn Energy PLC (CNE)?
Earnings per share at Capricorn Energy PLC are £0.5000 (price ÷ EPS = P/E 8.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Capricorn Energy PLC (CNE)?
The net margin of Capricorn Energy PLC is 14.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Capricorn Energy PLC (CNE)?
The return on equity (ROE) of Capricorn Energy PLC is 12.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Capricorn Energy PLC (CNE)?
On an EBIT basis the return on assets of Capricorn Energy PLC is −4.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Capricorn Energy PLC (CNE)?
The operating margin of Capricorn Energy PLC is 37.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Capricorn Energy PLC (CNE)?
Revenue at Capricorn Energy PLC is growing +68.3% versus a year earlier (3y avg −15.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Capricorn Energy PLC (CNE) hold?
Capricorn Energy PLC holds more cash than debt, £86.7M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 1, 2026