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Conpet S.A (COTE) Fair Value & Analysis

Energy · RO · Market cap 649M RON

CS Conpet S.A COTE · RO
Price75.60 RON
Fair Value15.37 RON
Upside-79.7%
Quality60/100
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Mixed Growth
Thin margins · 8.4% net margin
generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 38/100
Evidence: Medium Range 12.11 RON – 21.26 RON Share as image

Fair value as of: Jul 15, 2026

From 22 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from 80.62 RON to 15.37 RON (−80.9%) since Jun 24, 2026. Share price −1.1% over the past month.

A solid business, but screening 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (21.26 RON). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

79.80 RON 43.85 RON Fair Value 15.37 RON Feb 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 43.85 RON – 79.80 RON · fair‑value band 12.11 RON – 21.26 RON · the 75.60 RON price screens above the 15.37 RON fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Conpet S.A (COTE) currently trades at 75.60 RON, while our model-based Fair Value estimate is 15.37 RON, implying the stock looks roughly 79.7% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Conpet S.A generated revenue of 528M RON at a net margin of 8.4%. Revenue declined 17.4% year over year. It earns a return on equity of 6.1%. The stock trades on a trailing P/E of 11.3. Fundamentals as of Jul 15, 2026

Our scenario range runs from 12.11 RON (bear case) to 21.26 RON (bull case); at 75.60 RON, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 6% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -35% fair-value upside, at -80%, COTE screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income 64.78 RON 67.14 RON 66.84 RON 76
Growth DCF 39.07 RON 50.46 RON 65.80 RON 72
Gordon GGM 51.06 RON 92.00 RON 126.65 RON 70
All 22 models by family
DCF Models
FCF DCF 39.11 RON 51.39 RON 68.64 RON 38
5Y Revenue Exit 55.01 RON 84.65 RON 123.82 RON 39
5Y P/E Exit 57.49 RON 89.46 RON 124.30 RON 38
10Y Revenue Exit 46.84 RON 70.95 RON 105.65 RON 36
10Y P/E Exit 49.68 RON 74.06 RON 106.00 RON 35
Earnings-Based
Graham-Dodd 38.74 RON 142.83 RON 192.91 RON 54
Lynch FV 34.18 RON 48.82 RON 63.47 RON 50
PEG = 1.0 34.18 RON 48.82 RON 63.47 RON 46
EPV 115.45 RON 129.05 RON 140.38 RON 59
Dividend Discount
Gordon GGM 51.06 RON 92.00 RON 126.65 RON 70
DDM Multi-Stage 51.06 RON 84.04 RON 98.28 RON 61
Multiples
P/E Multiple 59.82 RON 79.76 RON 99.70 RON 63
P/S Multiple 55.27 RON 73.70 RON 92.12 RON 58
P/B Multiple 72.64 RON 96.85 RON 121.06 RON 55
EV/EBIT 134.07 RON 173.52 RON 212.97 RON 53
EV/Revenue 67.32 RON 89.43 RON 111.54 RON 43
Asset-Based
NCAV (Graham) 42.20 RON 56.55 RON 84.40 RON 50
Growth DCF
Growth DCF 39.07 RON 50.46 RON 65.80 RON 72
Rev-Margin DCF 55.01 RON 83.95 RON 118.62 RON 67
Economic Profit
Residual Income 64.78 RON 67.14 RON 66.84 RON 76
ROIC Compounder 122.21 RON 147.89 RON 178.14 RON 67
Growth Earnings
Growth-Adj P/E 50.77 RON 72.53 RON 94.28 RON 68

Widest divergence: Multiples (89.43 RON) versus Earnings-Based (48.82 RON). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 528M RON
Revenue growth (YoY) -17.4%
Net margin 8.4%
Return on equity 6.1%
Free cash flow 20.6M RON FY2024
P/E ratio 11.3
More key figures
Operating margin 0.9%
EPS (TTM) 6.61 RON
EPS growth (YoY) -81.1%

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 61 · Market factors (momentum, volatility) 60

Profitability 53
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Conpet S.A. transports crude oil, rich gas, condensate, and ethane by pipeline and railway in Romania. The company's pipeline system comprises pumping stations, loading-unloading ramps, railway wagons, and tank parks. The company was formerly known as Intreprinderea de Transport Titei prin Conducte and changed its name to Conpet S.A. in January 1991.

Full company description

Conpet S.A. transports crude oil, rich gas, condensate, and ethane by pipeline and railway in Romania. The company's pipeline system comprises pumping stations, loading-unloading ramps, railway wagons, and tank parks. The company was formerly known as Intreprinderea de Transport Titei prin Conducte and changed its name to Conpet S.A. in January 1991. Conpet S.A. was founded in 1991 and is headquartered in Ploiesti, Romania.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Conpet S.A reported revenue of 532M RON in FY2024 versus 405M RON in FY2020, a compound +7.0%/yr. Reported net income was 49.3M RON in FY2024, compounding −5.1%/yr from FY2020.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
532M RON
Latest YoY
+10.1%
Avg. growth/yr (3Y) 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.
+8.9%
Revenue +7.0%/yr
FY20 405M RON
FY21 411M RON
FY22 470M RON
FY23 483M RON
FY24 532M RON
Net income −5.1%/yr
FY20 60.8M RON
FY21 51.9M RON
FY22 61.7M RON
FY23 61.6M RON
FY24 49.3M RON

COTE screens 80% overvalued. Compare with Enbridge Inc →

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Cite: Fair Value Calculator (2026). "Conpet S.A Fair Value". https://www.fairvalue-calculator.com/stock/COTE

Peer Group

Oil & Gas Midstream · 87 stocks

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.

Quality Score 60 · Top 25%
Fair Value upside −80% · Bottom 25%
Return on equity (TTM) 6% · Below median
Return on assets 3% · Below median
Net margin (TTM) 8% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth -17% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper

P/E (TTM) 11.3× · Cheaper than median
P/B 0.20× · Cheaper than 75% of peers
P/S (TTM) 0.27× · Cheaper than 75% of peers
P/FCF 6.9× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 41
PAST 24 · sector 41
HEALTH 0 · sector 54
DIVIDEND 0 · sector 99

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Enbridge Inc ENB $56.46 $47.20 -16%
The Williams Companies, Inc WMB $73.38 $12.03 -84%
Enterprise Products Partners L.P. EPD $38.31 $24.74 -35%
TC Energy Corporation TRP C$97.79 C$42.00 -57%
Kinder Morgan, Inc KMI $32.54 $11.12 -66%
Energy Transfer LP, ET $19.91 $17.69 -11%
ONEOK, Inc OKE $93.52 $64.05 -32%
Targa Resources Corp TRGP $273.35 $79.61 -71%
MPLX LP owns and MPLX $57.17 $37.05 -35%
Cheniere Energy, Inc LNG $255.83 $211.18 -17%

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Frequently asked questions

Is Conpet S.A (COTE) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 15.37 RON versus a price of 75.60 RON, about −80% (overvalued).
What is the fair value of COTE?
Our model-based fair value for Conpet S.A is 15.37 RON (as of Jul 15, 2026), built from audited fundamentals. The current price is 75.60 RON.
What is the quality score of COTE?
Conpet S.A has a Quality Score of 60/100. 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 revenue of Conpet S.A (COTE)?
Conpet S.A reported trailing-twelve-month revenue of about 528M RON (latest available figure, as of Jul 15, 2026).
What is the net profit margin of COTE?
The net profit margin of Conpet S.A is about 8.4%, meaning it keeps roughly 8.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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