Aker BP (OB:AKRBP) has quietly outperformed the broader market over the past year, and with the share price hovering around NOK 253, investors are asking whether the current level still offers value.
See our latest analysis for Aker BP.
That recent 2.76% 7 day share price return, alongside an 8.67% year to date share price gain, sits on top of a robust 28.34% one year total shareholder return. This suggests momentum is still broadly building despite short term swings.
If Aker BP’s run has you rethinking your energy exposure, this could also be a good moment to scan other resilient players across aerospace and defense stocks for fresh ideas.
With solid earnings growth and the shares trading only slightly below analyst targets, the key question now is whether Aker BP is still undervalued on fundamentals or if the market is already pricing in future growth.
Aker BP’s latest close of NOK 253.10 sits modestly below the narrative’s NOK 262 fair value, framing a small but notable upside grounded in execution.
Aker BP aims to sustain production above 500,000 barrels per day beyond 2030, driven by their 2 billion barrel opportunity and projects like Yggdrasil and Johan Sverdrup. This supports long-term revenue growth through extended production capacities.
Read the complete narrative.
Curious how modest top line growth, rising margins and a reset earnings multiple still add up to upside from here? The narrative hides a surprisingly bold earnings trajectory, powered by disciplined volumes and a valuation reset that leans on future profitability rather than heroic growth. Want to see how those moving parts combine into that fair value call?
Result: Fair Value of $262 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, structural risks, such as rising emissions costs and heavy reliance on key fields, could undermine margins and challenge the current fair value case.
Find out about the key risks to this Aker BP narrative.
On earnings, Aker BP looks far less forgiving, trading on an 18.8x price to earnings ratio versus a fair ratio of 11.2x; 11.7x for the wider European oil and gas group; and 9.2x for peers. That premium narrows the margin of safety, so how long can sentiment stay this strong?
See what the numbers say about this price — find out in our valuation breakdown.
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