CONPET SA (COTE) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of CONPET SA RON 63.02, price RON 73.00, upside -13.7%, quality 60 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 Sep 24, 2026.
How to read this chart
60‑month range 43.85 RON – 79.80 RON · fair‑value band 43.94 RON – 87.90 RON · the 73.00 RON price screens above the 63.02 RON fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
CONPET SA (COTE) currently trades at 73.00 RON, while our model-based Fair Value estimate is 63.02 RON, implying the stock looks roughly 15.8% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 89.43 RON per share, and 12 of the 22 models we run sit above the 73.00 RON price.
Bear case: the Growth DCF group reads lowest at 45.16 RON, and 10 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: 43.94 RON (bear) to 87.90 RON (bull), the price of 73.00 RON sits inside 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 60/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CONPET SA 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.
Key figures
Market cap 632M RON (≈ $136M) · P/E ratio 11.0 · P/S ratio 1.02 · EPS (TTM) 6.61 RON · Net margin 9.3% · Return on equity 6.1% · Return on assets (EBIT) 14.6% · Operating margin 0.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −11% fair-value upside, at −14%, COTE screens richer than that median.
Fair Value models
Bear 43.94 RONFair Value 63.02 RONBull 87.90 RON
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 2024 figures (about 12 months old). Earnings retained since then (6.61 RON 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.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.44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.1%
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.
+8.9%
’20
’21
’22
’23
’24
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.
−4.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.1%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2024 ⓘ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.28% → 26%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+22.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Romania: IMF forecast 4.3% a year to 2030, 5.2% from 2016 to 2025) that is about +17.6% 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 Midstream · 85 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside−14% · Below median
Profitability
Return on equity (TTM)6% · Bottom 25%
Return on assets3% · Below median
Net margin (TTM)8% · Below median
Operating margin (TTM)1% · Bottom 25%
Growth and dividend
Revenue growth−17% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Oil & Gas Midstream 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). "CONPET SA Fair Value". https://www.fairvalue-calculator.com/stock/COTE
Frequently asked questions
Is CONPET SA (COTE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 63.02 RON versus a price of 73.00 RON, about −14% upside (overvalued).
What is the fair value of COTE?
Our model-based fair value for CONPET SA is 63.02 RON (as of Sep 24, 2026), built from audited fundamentals. The current price: 73.00 RON.
What is the quality score of COTE?
CONPET SA 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 price target for CONPET SA (COTE)?
Our model-based price target is the fair value of 63.02 RON (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 43.94 RON, optimistic scenario 87.90 RON. It is a calculation from audited fundamentals, not an analyst target.
What is the CONPET SA stock forecast for 2026?
Our models put fair value at 63.02 RON, about −14% upside versus a price of 73.00 RON (overvalued). Cautious scenario 43.94 RON, optimistic scenario 87.90 RON. The calculation is refreshed regularly with new filings.
What is the revenue of CONPET SA (COTE)?
CONPET SA reported trailing-twelve-month revenue of about 528M RON (latest available figure, as of Sep 24, 2026).
What growth is priced into CONPET SA (COTE)?
For today's price to be fair in a discounted-cash-flow model, CONPET SA would have to grow free cash flow by +22.7 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +7.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of COTE use?
Our models discount CONPET SA at 13.9 %: a base by market capitalisation (micro), damped by beta 0.25, country premium for Romania. 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 CONPET SA that is +22.7 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has CONPET SA (COTE) delivered so far?
Over the past 4 years revenue at CONPET SA grew +7.0 % a year. The price currently implies +22.7 % 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 CONPET SA (COTE) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into CONPET SA (+22.7 % 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 CONPET SA (COTE)?
The free-cash-flow yield on the price is 3.26 %: that much free cash flow CONPET SA produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CONPET SA (COTE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CONPET SA it is 63.02 RON per share (as of Sep 24, 2026), against a price of 73.00 RON. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is CONPET SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, COTE trades above its calculated fair value: price 73.00 RON, fair value 63.02 RON, a gap of about −14% (overvalued). 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 COTE?
No. The price is what the market pays today (73.00 RON); the fair value is what the company's own numbers justify (63.02 RON). For CONPET SA the two are 9.98 RON per share apart. That gap is exactly why we show both numbers side by side.
How much is CONPET SA worth?
The market values CONPET SA at about 632M RON (market capitalisation, as of Sep 24, 2026). Per share that is 73.00 RON; our models calculate a fair value of 63.02 RON per share.
What do the bullish and bearish scenarios say about COTE?
Our models span a range for CONPET SA: cautious scenario 43.94 RON, base 63.02 RON, optimistic 87.90 RON per share (as of Sep 24, 2026, price 73.00 RON). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of COTE?
CONPET SA trades at a price-to-earnings ratio of 11.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 63.02 RON is built from several models across several years. Other multiples: P/B 0.2, P/S 0.3.
How solid is the balance sheet of CONPET SA (COTE)?
Balance-sheet figures for CONPET SA (as of Sep 24, 2026): return on equity 6.1%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is COTE from its 52-week high?
CONPET SA trades at 73.00 RON, about 9% below its 52-week high of 79.80 RON and 1% above the low of 71.95 RON (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 63.02 RON is for.
Which stocks are comparable to CONPET SA?
From the same area (Energy) we also value Enbridge Inc, The Williams Companies, Inc, Enterprise Products Partners L.P., Kinder Morgan, 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 CONPET SA stock attractive at the current price?
The data as of Sep 24, 2026: price 73.00 RON, calculated fair value 63.02 RON (−14%), Quality Score 60/100, from 22 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 COTE calculated?
We run CONPET SA through 22 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 63.02 RON, 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 13.0 % above its aggregate fair value. CONPET SA itself currently trades above fair value. 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 CONPET SA (COTE)?
The closing price on Sep 24, 2026 was 73.00 RON. Our model-based fair value is 63.02 RON, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CONPET SA right now?
Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (43.94 RON to 87.90 RON) leaves room in how you read the outcome.
Key figures of CONPET SA
How large is the market capitalisation of CONPET SA (COTE)?
The market capitalisation of CONPET SA is 632M RON (≈ $136M). 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 CONPET SA (COTE)?
The price-to-sales ratio of CONPET SA is 1.02 (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 CONPET SA (COTE)?
Earnings per share at CONPET SA are 6.61 RON (price ÷ EPS = P/E 11.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of CONPET SA (COTE)?
The net margin of CONPET SA is 9.3% (fiscal year 2024). 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 CONPET SA (COTE)?
The return on equity (ROE) of CONPET SA is 6.1% (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 CONPET SA (COTE)?
On an EBIT basis the return on assets of CONPET SA is 14.6% (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 CONPET SA (COTE)?
The operating margin of CONPET SA is 0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CONPET SA (COTE)?
Revenue at CONPET SA is growing −17.4% versus a year earlier (3y avg +8.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CONPET SA (COTE)?
Earnings per share at CONPET SA are growing −81.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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