Financials BP PLC Deutsche Boerse AG

Equities

BPE

DE0008618737

Oil & Gas Refining and Marketing

Market Closed - Deutsche Boerse AG Other stock markets 03:49:53 2024-07-11 pm EDT			5-day change	1st Jan Change
5.36 ^EUR	-0.37%		-5.30%	+0.37%

Jul. 11	Energy companies win dismissal of Baltimore's climate change case	RE
Jul. 11	Global markets live: Tesla, Citigroup, BP, Novo Nordisk, JPMorgan...

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	125,861	70,274	87,609	104,293	100,459	94,620	-	-
Enterprise Value (EV) ¹	180,835	121,089	126,435	125,715	121,371	123,505	122,160	122,137
P/E ratio	31.7 x	-3.47 x	12 x	-43.8 x	6.91 x	7.66 x	6.62 x	6.11 x
Yield	6.56%	9.04%	4.84%	4.19%	4.79%	5.27%	5.59%	5.85%
Capitalization / Revenue	0.45 x	0.39 x	0.56 x	0.43 x	0.48 x	0.48 x	0.49 x	0.48 x
EV / Revenue	0.65 x	0.67 x	0.8 x	0.52 x	0.58 x	0.62 x	0.63 x	0.63 x
EV / EBITDA	4.94 x	10.1 x	3.4 x	2.08 x	2.82 x	2.96 x	2.89 x	2.9 x
EV / FCF	17.5 x	-841 x	9.94 x	5.11 x	6.84 x	9.61 x	8.56 x	8.44 x
FCF Yield	5.72%	-0.12%	10.1%	19.6%	14.6%	10.4%	11.7%	11.9%
Price to Book	1.29 x	0.99 x	1.2 x	1.61 x	1.42 x	1.35 x	1.25 x	1.13 x
Nbr of stocks (in thousands)	20,126,809	20,169,694	19,593,397	18,157,212	16,930,452	16,214,372	-	-
Reference price ²	6.253	3.484	4.471	5.744	5.934	5.836	5.836	5.836
Announcement Date	2/4/20	2/2/21	2/8/22	2/7/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	278,397	180,366	157,739	241,392	210,130	199,011	195,024	195,154
EBITDA ¹	36,571	12,041	37,147	60,362	42,964	41,681	42,327	42,048
EBIT ¹	18,791	-2,848	22,342	46,044	27,036	25,250	26,101	26,354
Operating Margin	6.75%	-1.58%	14.16%	19.07%	12.87%	12.69%	13.38%	13.5%
Earnings before Tax (EBT) ¹	8,154	-24,888	15,227	15,405	23,749	22,225	23,343	23,597
Net income ¹	4,026	-20,305	7,565	-2,487	15,239	13,376	13,596	13,619
Net margin	1.45%	-11.26%	4.8%	-1.03%	7.25%	6.72%	6.97%	6.98%
EPS ²	0.1973	-1.004	0.3733	-0.1310	0.8585	0.7623	0.8815	0.9544
Free Cash Flow ¹	10,352	-144	12,725	24,602	17,754	12,858	14,264	14,476
FCF margin	3.72%	-0.08%	8.07%	10.19%	8.45%	6.46%	7.31%	7.42%
FCF Conversion (EBITDA)	28.31%	-	34.26%	40.76%	41.32%	30.85%	33.7%	34.43%
FCF Conversion (Net income)	257.13%	-	168.21%	-	116.5%	96.13%	104.92%	106.29%
Dividend per Share ²	0.4100	0.3150	0.2163	0.2408	0.2842	0.3074	0.3261	0.3412
Announcement Date	2/4/20	2/2/21	2/8/22	2/7/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	50,554	49,258	67,866	55,011	69,257	56,182	48,538	53,269	52,141	48,880	50,654	49,619	47,615	46,927	49,019
EBITDA ¹	10,912	13,834	16,278	17,217	13,033	13,016	9,770	10,306	10,187	10,100	10,320	10,933	10,733	10,324	10,884
EBIT ¹	7,049	10,209	12,766	13,750	9,319	9,216	5,606	6,087	6,127	5,950	5,849	6,626	7,068	6,396	6,653
Operating Margin	13.94%	20.73%	18.81%	25%	13.46%	16.4%	11.55%	11.43%	11.75%	12.17%	11.55%	13.35%	14.84%	13.63%	13.57%
Earnings before Tax (EBT) ¹	4,042	-17,540	14,063	1,980	16,902	11,847	3,494	7,309	1,099	4,633	5,598	5,571	5,741	5,870	5,911
Net income ¹	2,326	-20,384	9,257	-2,163	10,803	8,218	1,792	4,858	371	2,263	3,115	3,316	3,408	3,449	3,444
Net margin	4.6%	-41.38%	13.64%	-3.93%	15.6%	14.63%	3.69%	9.12%	0.71%	4.63%	6.15%	6.68%	7.16%	7.35%	7.03%
EPS ²	0.1166	-1.045	0.4718	-0.1145	0.5836	0.4506	0.1001	0.2759	0.0215	0.1325	0.1810	0.1972	0.2066	0.2219	0.2247
Dividend per Share ²	0.0546	0.0546	0.0600	0.0601	0.0661	0.0661	0.0727	0.0727	0.0727	0.0727	0.0780	0.0778	0.0778	0.0778	0.0880
Announcement Date	2/8/22	5/3/22	8/2/22	11/1/22	2/7/23	5/2/23	8/1/23	10/31/23	2/6/24	5/7/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	54,974	50,815	38,826	21,422	20,912	28,885	27,541	27,517
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.503 x	4.22 x	1.045 x	0.3549 x	0.4867 x	0.693 x	0.6507 x	0.6544 x
Free Cash Flow ¹	10,352	-144	12,725	24,602	17,754	12,858	14,264	14,476
ROE (net income / shareholders' equity)	10.1%	-6.71%	10.3%	38.7%	20.1%	17.1%	18.1%	19%
ROA (Net income/ Total Assets)	3.46%	-2.02%	2.73%	9.61%	4.87%	4.57%	4.88%	5.11%
Assets ¹	116,341	1,004,253	277,513	-25,874	313,044	292,917	278,660	266,404
Book Value Per Share ²	4.860	3.520	3.720	3.560	4.180	4.330	4.680	5.150
Cash Flow per Share ²	1.260	0.6000	1.170	2.160	1.810	1.720	1.850	1.940
Capex ¹	15,418	12,306	10,887	16,330	14,285	15,934	16,000	16,318
Capex / Sales	5.54%	6.82%	6.9%	6.76%	6.8%	8.01%	8.2%	8.36%
Announcement Date	2/4/20	2/2/21	2/8/22	2/7/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for BP PLC

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.836 USD

Average target price

7.769 USD

Spread / Average Target

+33.14%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Refining and Marketing

	1st Jan change	Capi.
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PHILLIPS 66	+2.84%	56.8B
VALERO ENERGY CORPORATION	+12.80%	47.38B
INDIAN OIL CORPORATION LIMITED	+34.34%	28.35B
FORMOSA PETROCHEMICAL CORPORATION	-21.07%	18.59B
REPSOL S.A.	+2.04%	18.43B
BHARAT PETROLEUM CORPORATION LIMITED	+36.07%	15.61B

Other Oil & Gas Refining and Marketing