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Union Jack Oil plc (UJO) Fair Value & Analysis

Energy · GB · Market cap 5.3M GBX

UJ Union Jack Oil plc UJO · LSE
Price£0.0363
Fair Value£0.0340
Upside-6.3%
Quality23/100
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Mixed Growth
negative free cash flow
Trails peers (3/9)
Narrow moat 10/100
Evidence: Low Range £0.0258 – £0.0412 Share as image

Fair value as of: Jul 16, 2026

From 3 valuation models · updated 25 days ago

Share price −9.0% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

£0.5329 £0.0242 Fair Value £0.0340 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £0.0242 – £0.5329 · fair‑value band £0.0258 – £0.0412 · the £0.0363 price screens above the £0.0340 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Union Jack Oil plc (UJO) currently trades at £0.0363, while our model-based Fair Value estimate is £0.0340, implying the stock looks roughly 6.3% fairly valued today. The Quality Score stands at 23/100 (below-average 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: low).

Trailing-twelve-month revenue stands at £2.5M. Revenue declined 24.4% year over year. It earns a return on equity of -36.3%. The balance sheet holds a net cash position of £1.5M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £0.0258 (bear case) to £0.0412 (bull case); at £0.0363, the current price sits within 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. For context, the median of 10 Energy peers we cover trades at -26% fair-value upside, at -6%, UJO screens cheaper 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
Gordon GGM £0.0100 £0.0200 £0.0300 70
DDM Multi-Stage £0.0100 £0.0200 £0.0200 61
NCAV (Graham) £0.0600 £0.0800 £0.1100 50
All 3 models by family
Dividend Discount
Gordon GGM £0.0100 £0.0200 £0.0300 70
DDM Multi-Stage £0.0100 £0.0200 £0.0200 61
Asset-Based
NCAV (Graham) £0.0600 £0.0800 £0.1100 50

Widest divergence: Asset-Based (£0.0800) versus Dividend Discount (£0.0200). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 2.5M GBX
Revenue growth (YoY) -24.4%
Net margin -282%
Return on equity -36.3%
Free cash flow −3.2M GBX FY2025
Operating margin -98.3%
More key figures
EPS (TTM) £-0.0600
EPS growth (YoY) +45.1%
Net cash 1.5M GBX FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 23/100

Of which business quality 26 · Market factors (momentum, volatility) 26

Profitability 1
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 28
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

Union Jack Oil plc operates as an onshore oil and gas company in the United Kingdom and the United States. The company focuses on production, drilling, development, and investment in hydrocarbon production projects. Its flagship project is the 40% owned Wressle Oilfield project PEDL180 and PEDL182 located in Lincolnshire.

Full company description

Union Jack Oil plc operates as an onshore oil and gas company in the United Kingdom and the United States. The company focuses on production, drilling, development, and investment in hydrocarbon production projects. Its flagship project is the 40% owned Wressle Oilfield project PEDL180 and PEDL182 located in Lincolnshire. The company was incorporated in 2011 and is based in Bath, United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Union Jack Oil plc reported revenue of £2.5M in FY2025 versus £1.9M in FY2021, a compound +7.1%/yr. Reported net income was −£7.0M in FY2025.

Growth Quality 21/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£2.5M
Latest YoY
−36.6%
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.
−33.6%
Avg. growth/yr (5Y) 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.
+73.6%
Avg. growth/yr (9Y) 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.
+69.0%
Revenue +7.1%/yr
FY21 £1.9M
FY22 £8.5M
FY23 £5.1M
FY24 £3.9M
FY25 £2.5M
Net income
FY21 −£853K
FY22 £3.6M
FY23 £859K
FY24 £649K
FY25 −£7.0M

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Cite: Fair Value Calculator (2026). "Union Jack Oil plc Fair Value". https://www.fairvalue-calculator.com/stock/UJO

Peer Group

Oil & Gas E&P · 315 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 23 · Bottom 25%
Fair Value upside −6% · Above median
Return on assets -5% · Below median
Operating margin (TTM) -98% · Bottom 25%
Revenue growth -24% · Bottom 25%

Valuation Multiples vs Oil & Gas E&P median · lower = cheaper

P/B 0.43× · Cheaper than 75% of peers
P/S (TTM) 2.88× · Pricier than median
PEG 0.07× · Cheaper than 75% of peers

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 25 · sector 14
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 0 · sector 87
DIVIDEND 0 · sector 66

Insider activity: 45/100

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 E&P stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
CNOOC Limited 600938 ¥28.97 ¥32.55 +12%
ConocoPhillips explores for, COP $109.04 $91.79 -16%
Canadian Natural Resources Limited CNQ $42.86 $31.54 -26%
EOG Resources, Inc EOG $139.89 $130.19 -7%
Occidental Petroleum Corporation OXY $54.86 $30.68 -44%
Diamondback Energy, Inc FANG $183.39 $106.12 -42%
Devon Energy Corporation DVN $43.83 $27.06 -38%
Woodside Energy Group WDS A$30.46 A$20.71 -32%
EQT Corporation EQT $48.85 $42.85 -12%
Texas Pacific Land Corporation TPL $415.70 $79.20 -81%

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Frequently asked questions

Is Union Jack Oil plc (UJO) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £0.0340 versus a price of £0.0363, about −6% (fairly valued).
What is the fair value of UJO?
Our model-based fair value for Union Jack Oil plc is £0.0340 (as of Jul 16, 2026), built from audited fundamentals. The current price is £0.0363.
What is the quality score of UJO?
Union Jack Oil plc has a Quality Score of 23/100. 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 Union Jack Oil plc (UJO)?
Union Jack Oil plc reported trailing-twelve-month revenue of about £2.5M (latest available figure, as of Jul 16, 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.

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