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Panoro Energy ASA (PEN) Fair Value & Analysis

Energy · NO · Market cap 4.1B NOK

PE Panoro Energy ASA PEN · OL
Pricekr 28.35
Fair Valuekr 3.01
Upside-89.4%
Quality95/100
Evidence: High Range kr 2.26 – kr 3.83

Fair value as of: Jun 24, 2026

From 17 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from kr 4.02 to kr 3.01 (−25.1%) since Jun 23, 2026. Share price −16.3% over the past month.

Price vs Fair Value (12 months)

kr 38.84 kr 19.65 Fair Value kr 3.01 Jun 2025 Jun 2026

12‑month range kr 19.65 – kr 38.84 · fair‑value band kr 2.26 – kr 3.83 · the kr 28.35 price screens above the kr 3.01 fair value. As of Jun 24, 2026.

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Analysis

Panoro Energy ASA (PEN) currently trades at kr 28.35, while our model-based Fair Value estimate is kr 3.01 — implying the stock looks roughly 89.4% overvalued today. We read business quality at 95/100 (high 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, Panoro Energy ASA generated revenue of 215M NOK at a net margin of -20.1%. Revenue grew 83.5% year over year. It earns a return on equity of -18.3%. Net debt stands at 70.3M NOK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 215M NOK
Revenue growth (YoY) +83.5%
Net margin -20.1%
Return on equity -18.3%
Free cash flow 34.4M NOK FY2025
Operating margin -76.7%
More key figures
EPS (TTM) kr -3.62
Dividend yield 0.6%
Net debt 70.3M NOK FY2025

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

About the company

Panoro Energy ASA, an independent exploration and production company, engages in the exploration, development, and production of oil and gas properties in Africa. It holds assets in Equatorial Guinea, Gabon, Tunisia, and South Africa. The company was incorporated in 2009 and is based in Oslo, Norway.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Panoro Energy ASA reported revenue of kr 217M in FY2025 versus kr 120M in FY2021, a compound +16.0%/yr. Reported net income was −kr 13.1M in FY2025.

Revenue +16.0%/yr
FY21 kr 120M
FY22 kr 189M
FY23 kr 227M
FY24 kr 285M
FY25 kr 217M
Net income
FY21 kr 49.3M
FY22 kr 19.9M
FY23 kr 33.4M
FY24 kr 60.7M
FY25 −kr 13.1M

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CNOOC Limited 600938 ¥34.05 ¥27.78 -18%
COP COP $109.97 $91.79 -17%
COPH34 COPH34 R$47.00 R$8.50 -82%
YCP YCP €97.08 €68.99 -29%
Canadian Natural Resources Limited CNQ $41.79 $69.05 +65%
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Frequently asked questions

Is Panoro Energy ASA (PEN) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 3.01 versus a price of kr 28.35 — about −89% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PEN?
Our 21-model fair value for Panoro Energy ASA is kr 3.01 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 28.35.
What is the quality score of PEN?
Panoro Energy ASA has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Panoro Energy ASA (PEN)?
Panoro Energy ASA reported trailing-twelve-month revenue of about 215M NOK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of PEN?
The net profit margin of Panoro Energy ASA is about -20.1%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Panoro Energy ASA pay a dividend?
Panoro Energy ASA currently shows a dividend yield of about 0.58% 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.

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