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Meren Energy Inc (MER) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Meren Energy Inc stock SEK 11.71, price SEK 15.14, that is 22.7% below the price, quality 56 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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ME
Some data
Oct 16, 2026
Some data
Oct 16, 2026
Meren Energy Inc
MER · STOvervalued / Monitor
Our calculation puts a fair price 23% below what the stock costs today.
Generates free cash flow
9.6% dividend yield · Cash covered
Revenue last quarter +50% vs. a year ago.
Quality 56/100
Some data
Fair value kr 11.71 · Overvalued (−22.7%)
Weak Growth
Loss-making · -13.2% net margin (TTM)
Narrow moat 41/100 · thin data
⟳ Cyclical
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What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 16, 2026.
How to read this chart
60‑month range kr 6.46 – kr 20.96 · fair‑value band kr 9.35 – kr 15.22 · the kr 15.14 price screens above the kr 11.71 fair value. As of Oct 16, 2026.
Company profile
Meren Energy Inc., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deepwater Nigeria.
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It also has a portfolio of development and exploration assets in the west and south of Africa. Meren Energy Inc. was formerly known as Africa Oil Corp. and changed its name to Meren Energy Inc. in May 2025. The company was incorporated in 1993 and is based in Vancouver, Canada.
Stock analysis
Meren Energy Inc (MER) currently trades at kr 15.14, while our model-based Fair Value estimate is kr 11.71, 22.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 59.02 per share, and 10 of the 14 models we run sit above the kr 15.14 price.
Bear case: the Asset-Based group reads lowest at kr 6.52, and 4 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 9.35 (bear) to kr 15.22 (bull), the price of kr 15.14 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 56/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Meren Energy Inc reported revenue of $570M in FY2025 versus $0 in FY2021. Reported net income was −$32.2M in FY2025.
Key figures
Market cap 10.4B SEK (≈ $1.1B) Small · P/S ratio 13.8 · EPS (TTM) kr −1.50 · Dividend yield 9.6% · Net margin −5.6% · Return on equity −12.0% · Return on assets (EBIT) −3.5% · Operating margin 39.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 49% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 9% fair-value upside, at −23%, MER screens richer than that median.
Fair Value models
Bear kr 9.35
Fair Value kr 11.71
Bull kr 15.22
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.
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.
Coverage ⓘCoverage = 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.
Best data coverage
EPV
kr 9.16
kr 10.20
kr 11.09
70
FCF DCF
kr 56.13
kr 80.34
kr 114.05
68
Growth DCF
kr 57.20
kr 79.06
kr 107.94
66
All 14 models by family
DCF Models
FCF DCF
kr 56.13
kr 80.34
kr 114.05
68
Owner Earnings
kr 48.00
kr 68.53
kr 97.12
64
5Y Revenue Exit
kr 27.68
kr 33.84
kr 40.74
62
5Y EBITDA Exit
kr 41.55
kr 59.02
kr 78.46
63
10Y Revenue Exit
kr 37.94
kr 45.66
kr 54.33
57
10Y EBITDA Exit
kr 46.67
kr 62.39
kr 81.55
58
Earnings-Based
EPV
kr 9.16
kr 10.20
kr 11.09
70
Multiples
EV/EBIT
kr 12.17
kr 17.00
kr 21.82
63
EV/EBITDA
kr 32.16
kr 43.65
kr 55.14
64
EV/Revenue
kr 6.37
kr 10.08
kr 13.79
50
Asset-Based
NCAV (Graham)
kr 4.87
kr 6.52
kr 9.73
51
Growth DCF
Growth DCF
kr 57.20
kr 79.06
kr 107.94
66
Rev-Margin DCF
kr 27.11
kr 32.93
kr 38.99
62
Economic Profit
ROIC Compounder
kr 9.16
kr 10.20
kr 11.10
61
Quality Score breakdown
Overall quality
56/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability
8
How much profit the company makes from its sales and capital
Quality Growth
100
Are margins and returns getting better?
Cashflow
100
Do the profits arrive as real cash?
Financial strength
73
Debt, balance sheet and risk of trouble
Investment
67
Does it invest with discipline instead of growing at any price?
Low Volatility
76
How calm the share price moves, does not count
Price momentum
63
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high
87
Distance to the 52-week high, does not count
New shares
0
Buys back shares or issues new ones?
Revenue & earnings trend
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.
11/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than analysts expect.
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).
−27.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −29.4% a year for the price and +6.6% for the forecasts.
Forecast 2026 (sales)+10.4%
Forecast 2027 (sales)+10.4%
Projected 2028 (sales)+9.3%
Projected 2029 (sales)+8.3%
Projected 2030 (sales)+7.2%
MER screens overvalued: fair value 23% below the price. Compare with ConocoPhillips explores for, →
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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 · 231 stocks
Beats the industry median on 9/11 measures
Overall it ranks above its industry peers.
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Price/FCF by industry
- Debt-to-equity by industry
- Stock screener with 62 metrics
- Valuation of the Sweden market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Oil & gas
Similar stocks
10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Diamondback Energy, Inc FANG | $212.08 | $242.64 | +14% | vs MER |
| Canadian Natural Resources Limited CNQ | $56.11 | $61.72 | +10% | vs MER |
| EOG Resources, Inc EOG | $165.54 | $182.09 | +10% | vs MER |
| EQT Corporation EQT | $55.38 | $60.92 | +10% | vs MER |
| CNOOC Limited 0883 | HK$24.70 | HK$26.87 | +9% | vs MER |
| Devon Energy Corporation DVN | $52.15 | $48.76 | −7% | vs MER |
| Woodside Energy Group WDS | $23.55 | $19.39 | −18% | vs MER |
| ConocoPhillips explores for, COP | $154.03 | $91.42 | −41% | vs MER |
| Occidental Petroleum Corporation OXY | $64.00 | $33.18 | −48% | vs MER |
| Aker BP ASA AKRBP | kr 392.30 | kr 123.81 | −68% | vs MER |
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Frequently asked questions
Is Meren Energy Inc (MER) overvalued or undervalued?
As of Oct 16, 2026, our model estimates a fair value of kr 11.71 versus a price of kr 15.14, about 23% lower (overvalued).
What is the fair value of MER?
Our model-based fair value for Meren Energy Inc is kr 11.71 (as of Oct 16, 2026), built from audited fundamentals. The current price: kr 15.14.
What is the quality score of MER?
Meren Energy Inc has a Quality Score of 56/100. 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 Meren Energy Inc (MER)?
Our model-based price target is the fair value of kr 11.71 (as of Oct 16, 2026) from 14 valuation models. Cautious scenario kr 9.35, optimistic scenario kr 15.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Meren Energy Inc stock forecast for 2026?
Our models put fair value at kr 11.71, about 23% lower versus a price of kr 15.14 (overvalued). Cautious scenario kr 9.35, optimistic scenario kr 15.22. The calculation is refreshed regularly with new filings.
What is the revenue of Meren Energy Inc (MER)?
Meren Energy Inc reported trailing-twelve-month revenue of about $725M (latest available figure, as of Oct 16, 2026).
Does Meren Energy Inc pay a dividend?
Meren Energy Inc currently shows a dividend yield of 9.59% relative to its recent price (as of Oct 16, 2026).
What growth is priced into Meren Energy Inc (MER)?
For today's price to be fair in a discounted-cash-flow model, Meren Energy Inc would have to grow free cash flow by -27.7 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). As of Oct 16, 2026.
What discount rate (WACC) does the fair value of MER use?
Our models discount Meren Energy Inc at 9.6 %: a base by market capitalisation (small), damped by beta 0.45, country premium for Sweden. 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 Meren Energy Inc that is -27.7 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How fast is the sector of Meren Energy Inc (MER) growing?
The median revenue growth in the sector is +14.0 % a year. That is the yardstick for the growth priced into Meren Energy Inc (-27.7 % 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 Meren Energy Inc (MER)?
The free-cash-flow yield on the price is 31.92 %: that much free cash flow Meren Energy Inc produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Meren Energy Inc (MER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Meren Energy Inc it is kr 11.71 per share (as of Oct 16, 2026), against a price of kr 15.14. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Meren Energy Inc stock overvalued or undervalued in 2026?
As of Oct 16, 2026, MER trades above its calculated fair value: price kr 15.14, fair value kr 11.71, a gap of about −23% (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 MER?
No. The price is what the market pays today (kr 15.14); the fair value is what the company's own numbers justify (kr 11.71). For Meren Energy Inc the two are kr 3.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Meren Energy Inc worth?
The market values Meren Energy Inc at about 10.4B SEK (market capitalisation, as of Oct 16, 2026). Per share that is kr 15.14; our models calculate a fair value of kr 11.71 per share.
What do the bullish and bearish scenarios say about MER?
Our models span a range for Meren Energy Inc: cautious scenario kr 9.35, base kr 11.71, optimistic kr 15.22 per share (as of Oct 16, 2026, price kr 15.14). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Meren Energy Inc (MER)?
Balance-sheet figures for Meren Energy Inc (as of Oct 16, 2026): return on equity −15.4%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is MER from its 52-week high?
Meren Energy Inc trades at kr 15.14, about 6% below its 52-week high of kr 16.08 and 49% above the low of kr 10.14 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of kr 11.71 is for.
Which stocks are comparable to Meren Energy Inc?
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 Meren Energy Inc stock attractive at the current price?
The data as of Oct 16, 2026: price kr 15.14, calculated fair value kr 11.71 (−23%), Quality Score 56/100, from 14 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 MER calculated?
We run Meren Energy Inc through 14 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 kr 11.71, 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 14.9 % above its aggregate fair value. Meren Energy Inc 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 Meren Energy Inc (MER)?
The closing price on Oct 30, 2026 was kr 15.14. Our model-based fair value is kr 11.71, about 23% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Meren Energy Inc right now?
Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Meren Energy Inc
How large is the market capitalisation of Meren Energy Inc (MER)?
The market capitalisation of Meren Energy Inc is 10.4B SEK (≈ $1.1B). 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 Meren Energy Inc (MER)?
The price-to-sales ratio of Meren Energy Inc is 13.8 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Meren Energy Inc (MER)?
Earnings per share at Meren Energy Inc are kr −1.50. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Meren Energy Inc (MER)?
The dividend yield of Meren Energy Inc is 9.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Meren Energy Inc (MER)?
The net margin of Meren Energy Inc is −5.6% (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 Meren Energy Inc (MER)?
The return on equity (ROE) of Meren Energy Inc is −12.0% (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 Meren Energy Inc (MER)?
On an EBIT basis the return on assets of Meren Energy Inc is −3.5% (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 Meren Energy Inc (MER)?
The operating margin of Meren Energy Inc is 39.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Meren Energy Inc (MER)?
Revenue at Meren Energy Inc is growing +184% versus a year earlier. 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 Meren Energy Inc (MER)?
Earnings per share at Meren Energy Inc are growing +935% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Meren Energy Inc (MER) carry?
The net debt of Meren Energy Inc is $159M (fiscal year 2025, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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