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Equinor ASA (E1QN34) Fair Value & Analysis

Energy · BR · Market cap R$475B

EA Equinor ASA E1QN34 · SA
PriceR$84.56
Fair ValueR$17.21
Upside-79.6%
Quality65/100
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Evidence: High Range R$11.19 – R$21.51

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 11 days ago

Fair value updated Jun 24, 2026 — revised from R$18.98 to R$17.21 (−9.3%) since Jun 23, 2026. Share price −12.1% over the past month.

Price vs Fair Value (12 months)

R$110.95 R$59.47 Fair Value R$17.21 Jul 2025 Jul 2026

12‑month range R$59.47 – R$110.95 · fair‑value band R$11.19 – R$21.51 · the R$84.56 price screens above the R$17.21 fair value. As of Jun 24, 2026.

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Analysis

Equinor ASA (E1QN34) currently trades at R$84.56, while our model-based Fair Value estimate is R$17.21 — implying the stock looks roughly 79.6% overvalued today. We read business quality at 65/100 (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: high).

Over the trailing twelve months, Equinor ASA generated revenue of R$104B at a net margin of 5.3%. Revenue declined 5.3% year over year. It earns a return on equity of 12.4%. Net debt stands at R$22.8B. Fundamentals as of Jun 24, 2026

Our scenario range runs from R$11.19 (bear case) to R$21.51 (bull case); at R$84.56, the current price sits above that range. The share trades about 25% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at 5% fair-value upside — at -80%, E1QN34 screens richer than that median.

Key figures & financial health

Revenue (TTM) R$104B
Revenue growth (YoY) -5.3%
Net margin 5.3%
Return on equity 12.4%
Free cash flow R$6.0B FY2025
P/E ratio 17.0
More key figures
Operating margin 31.5%
EPS (TTM) R$5.59
Dividend yield 1.6%
EPS growth (YoY) +29.2%
Net debt R$22.8B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments. The company engages in the discovery and appraisal of new resources, as well as commercial development and operation of the oil and gas portfolios; oil and gas field development, well deliveries, and sourcing; research, technology development, specialist advisory services, digitalization, IT, improvement, innovation, and ventures and future business; and developing, exploring, investing in, and operating areas within renewable energy, such as offshore wind, green hydrogen, storage solutions, and solar power. It is also involved in the marketing, trading, processing, and transportation of crude oil and condensate, natural gas, NGL and refined products, including refineries, terminals, and processing plant operation; power and …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Equinor ASA reported revenue of R$106B in FY2025 versus R$88.7B in FY2021, a compound +4.5%/yr. Reported net income was R$5.0B in FY2025, compounding −12.4%/yr from FY2021.

Revenue +4.5%/yr
FY21 R$88.7B
FY22 R$149B
FY23 R$107B
FY24 R$103B
FY25 R$106B
Net income −12.4%/yr
FY21 R$8.6B
FY22 R$28.7B
FY23 R$11.9B
FY24 R$8.8B
FY25 R$5.0B

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Cite: Fair Value Calculator (2026). "Equinor ASA Fair Value". https://www.fairvalue-calculator.com/stock/E1QN34

Recent news

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BP p.l.c., an integrated energy company, B1PP34 R$55.50 R$27.41 -51%
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Suncor Energy Inc SU $65.31 $68.73 +5%
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Frequently asked questions

Is Equinor ASA (E1QN34) undervalued?
As of Jun 24, 2026, our model estimates a fair value of R$17.21 versus a price of R$84.56 — about −80% (overvalued). Model-based estimate, not financial advice.
What is the fair value of E1QN34?
Our model-based fair value for Equinor ASA is R$17.21 (as of Jun 24, 2026), built from audited fundamentals. The current price is R$84.56.
What is the quality score of E1QN34?
Equinor ASA has a Quality Score of 65/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Equinor ASA (E1QN34)?
Equinor ASA reported trailing-twelve-month revenue of about R$104B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of E1QN34?
The net profit margin of Equinor ASA is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.
Does Equinor ASA pay a dividend?
Equinor ASA currently shows a dividend yield of about 1.58% relative to its recent price (as of Jun 24, 2026).

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.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.