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Equinor

DB:DNQA
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DNQA
DB
NOK397B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
  • Equinor has significant price volatility in the past 3 months.
DNQA Share Price and Events
7 Day Returns
16.8%
DB:DNQA
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-48.9%
DB:DNQA
21.9%
DE Oil and Gas
-17.7%
DE Market
DNQA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Equinor (DNQA) 16.8% -25.7% -42.6% -48.9% -37.7% -39%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • DNQA underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • DNQA underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
DNQA
Industry
5yr Volatility vs Market

DNQA Value

 Is Equinor undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Equinor to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Equinor.

DB:DNQA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:DNQA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 23%) (77.21%))
1.193
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.193 * 5.44%)
6.1%

Discounted Cash Flow Calculation for DB:DNQA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Equinor is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:DNQA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.1%)
2020 3,092.90 Analyst x8 2,915.05
2021 5,380.90 Analyst x9 4,779.85
2022 5,826.76 Analyst x9 4,878.28
2023 6,468.67 Analyst x3 5,104.28
2024 7,302.33 Analyst x3 5,430.76
2025 7,818.14 Est @ 7.06% 5,480.02
2026 8,195.55 Est @ 4.83% 5,414.24
2027 8,462.91 Est @ 3.26% 5,269.37
2028 8,646.27 Est @ 2.17% 5,073.96
2029 8,767.28 Est @ 1.4% 4,849.12
Present value of next 10 years cash flows $49,194.00
DB:DNQA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $8,767.28 × (1 + -0.39%) ÷ (6.1% – -0.39%)
$134,538.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $134,538.08 ÷ (1 + 6.1%)10
$74,412.14
DB:DNQA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $49,194.00 + $74,412.14
$123,606.14
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $123,606.14 / 3,299.56
$37.46
DB:DNQA Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:EQNR)
10.551
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $37.46 x 10.551
NOK395.27
Non-primary Listing Adjustment Factor 1 share in DB:DNQA represents 0.08399x of OB:EQNR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08399x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 395.27 x 0.08399
€33.20
Value per share (EUR) From above. €33.20
Current discount Discount to share price of €10.10
= -1 x (€10.10 - €33.20) / €33.20
69.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Equinor is available for.
Intrinsic value
>50%
Share price is €10.1 vs Future cash flow value of €33.2
Current Discount Checks
For Equinor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Equinor's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Equinor's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Equinor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Equinor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DNQA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.55
OB:EQNR Share Price ** OB (2020-03-30) in NOK NOK120.25
OB:EQNR Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $11.4
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Equinor.

DB:DNQA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:EQNR Share Price ÷ EPS (both in USD)

= 11.4 ÷ 0.55

20.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Equinor is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Equinor is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Equinor's expected growth come at a high price?
Raw Data
DB:DNQA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
31.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:DNQA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.57x ÷ 31.4%

0.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Equinor is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Equinor's assets?
Raw Data
DB:DNQA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $12.45
OB:EQNR Share Price * OB (2020-03-30) in NOK NOK120.25
OB:EQNR Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $11.4
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:DNQA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:EQNR Share Price ÷ Book Value per Share (both in USD)

= 11.4 ÷ 12.45

0.92x

* Primary Listing of Equinor.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Equinor is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Equinor's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Equinor has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DNQA Future Performance

 How is Equinor expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
31.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Equinor expected to grow at an attractive rate?
  • Equinor's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Equinor's earnings growth is expected to exceed the Germany market average.
  • Equinor's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DNQA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DNQA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 31.4%
DB:DNQA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 3.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:DNQA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DNQA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 66,400 19,332 5,926 1
2023-12-31 71,611 19,201 6,728 2
2022-12-31 65,332 16,565 5,268 14
2021-12-31 59,064 14,698 3,993 14
2020-12-31 48,445 12,132 1,407 14
2020-03-30
DB:DNQA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 62,911 13,749 1,843
2019-09-30 69,734 16,175 5,445
2019-06-30 74,019 17,412 8,218
2019-03-31 75,190 17,753 7,961
2018-12-31 78,556 19,694 7,535
2018-09-30 73,943 17,214 6,744
2018-06-30 68,485 15,110 4,599
2018-03-31 65,280 16,158 4,813
2017-12-31 60,972 14,802 4,590
2017-09-30 56,557 15,109 -775
2017-06-30 55,118 15,454 -727
2017-03-31 51,069 12,548 -2,467

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Equinor's earnings are expected to grow significantly at over 20% yearly.
  • Equinor's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:DNQA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from Equinor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DNQA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 1.97 1.97 1.97 1.00
2023-12-31 2.26 3.05 1.69 3.00
2022-12-31 1.65 2.59 0.59 15.00
2021-12-31 1.24 2.40 0.61 19.00
2020-12-31 0.45 1.39 -0.45 18.00
2020-03-30
DB:DNQA Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.55
2019-09-30 1.64
2019-06-30 2.47
2019-03-31 2.39
2018-12-31 2.27
2018-09-30 2.03
2018-06-30 1.39
2018-03-31 1.46
2017-12-31 1.40
2017-09-30 -0.24
2017-06-30 -0.23
2017-03-31 -0.77

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Equinor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Equinor's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Equinor has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DNQA Past Performance

  How has Equinor performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Equinor's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Equinor has delivered over 20% year on year earnings growth in the past 5 years.
  • Equinor's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Equinor's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Equinor's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Equinor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DNQA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 62,911.00 1,843.00 2,004.00
2019-09-30 69,734.00 5,445.00 1,963.00
2019-06-30 74,019.00 8,218.00 1,953.00
2019-03-31 75,190.00 7,961.00 1,907.00
2018-12-31 78,556.00 7,535.00 1,846.00
2018-09-30 73,943.00 6,744.00 1,684.00
2018-06-30 68,485.00 4,599.00 1,835.00
2018-03-31 65,280.00 4,813.00 1,812.00
2017-12-31 60,972.00 4,590.00 1,805.00
2017-09-30 56,557.00 -775.00 1,944.00
2017-06-30 55,118.00 -727.00 1,780.00
2017-03-31 51,069.00 -2,467.00 1,870.00
2016-12-31 45,688.00 -2,922.00 1,914.00
2016-09-30 45,803.00 -1,258.00 2,174.00
2016-06-30 47,357.00 -1,175.00 2,303.00
2016-03-31 52,584.00 -7.00 2,543.00
2015-12-31 57,901.00 -5,192.00 2,629.00
2015-09-30 62,317.49 -5,108.96 2,979.03
2015-06-30 68,804.32 -5,443.42 3,221.62
2015-03-31 69,625.47 -4,801.39 2,912.41
2014-12-31 96,708.00 3,871.00 3,728.00
2014-09-30 94,354.60 7,096.44 2,972.41
2014-06-30 101,198.37 10,534.02 3,375.45
2014-03-31 104,329.77 9,531.57 3,789.26
2013-12-31 101,518.50 6,569.23 3,737.38
2013-09-30 104,405.00 6,318.51 3,890.87
2013-06-30 103,605.69 6,249.81 3,723.64
2013-03-31 114,718.31 10,309.26 4,239.96

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Equinor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Equinor used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Equinor has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Equinor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Equinor has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DNQA Health

 How is Equinor's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Equinor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Equinor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Equinor's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Equinor's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Equinor Company Filings, last reported 2 months ago.

DB:DNQA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 41,159.00 24,693.00 12,603.00
2019-09-30 40,999.00 24,393.00 14,041.00
2019-06-30 45,031.00 25,902.00 15,566.00
2019-03-31 45,117.00 25,032.00 15,775.00
2018-12-31 42,989.00 25,295.00 14,597.00
2018-09-30 41,930.00 25,996.00 13,542.00
2018-06-30 41,044.00 26,463.00 12,102.00
2018-03-31 42,616.00 27,831.00 14,938.00
2017-12-31 39,885.00 28,274.00 12,838.00
2017-09-30 38,232.00 31,255.00 17,917.00
2017-06-30 37,911.00 32,177.00 18,583.00
2017-03-31 36,646.00 31,789.00 17,253.00
2016-12-31 35,099.00 31,673.00 13,301.00
2016-09-30 40,086.00 33,262.00 17,250.00
2016-06-30 40,239.00 33,176.00 15,981.00
2016-03-31 42,198.00 33,006.00 17,832.00
2015-12-31 40,307.00 32,291.00 18,440.00
2015-09-30 41,906.17 32,624.94 20,601.52
2015-06-30 44,912.38 32,459.29 20,602.83
2015-03-31 44,876.22 33,371.72 20,849.57
2014-12-31 51,282.00 31,154.00 19,150.00
2014-09-30 56,942.68 29,335.05 18,161.28
2014-06-30 59,681.92 30,069.25 19,567.84
2014-03-31 62,681.33 30,213.90 25,322.92
2013-12-31 58,612.69 30,063.70 20,497.98
2013-09-30 56,450.86 25,839.36 16,394.86
2013-06-30 53,951.73 22,555.07 9,350.10
2013-03-31 57,632.70 20,071.43 14,634.71
  • Equinor's level of debt (60%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (60.9% vs 60% today).
  • Debt is well covered by operating cash flow (55.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.6x coverage).
X
Financial health checks
We assess Equinor's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Equinor has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DNQA Dividends

 What is Equinor's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.48%
Current annual income from Equinor dividends. Estimated to be 9.33% next year.
If you bought €2,000 of Equinor shares you are expected to receive €190 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Equinor's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Equinor's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:DNQA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:DNQA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 1.31 2.00
2023-12-31 1.23 6.00
2022-12-31 1.09 22.00
2021-12-31 1.06 24.00
2020-12-31 0.98 25.00
2020-03-30
DB:DNQA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-20 1.080 10.201
2020-02-06 1.080 7.808
2019-10-24 1.040 5.405
2019-07-25 1.040 5.771
2019-02-06 1.040 4.912
2018-10-25 0.920 3.970
2018-07-26 0.920 3.484
2018-04-25 0.920 3.494
2018-02-07 0.920 3.909
2017-10-26 0.880 4.120
2017-07-27 0.880 4.553
2017-05-04 0.880 5.110
2017-02-14 0.880 5.117
2016-10-27 0.880 4.954
2016-07-27 0.880 5.459
2016-04-27 0.880 5.260
2016-04-14 0.880 5.322
2015-10-28 0.880 6.139
2015-07-28 0.842 5.561
2015-04-30 0.874 4.986
2015-04-28 0.939 4.606
2014-07-25 0.863 4.792
2014-04-29 1.157 3.869
2013-05-14 1.072 4.766
2012-04-20 1.060 4.553
2011-05-19 1.030 4.448
2010-05-19 0.897 4.476
2009-05-19 1.104 5.345

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Equinor's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Equinor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Equinor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Equinor has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DNQA Management

 What is the CEO of Equinor's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eldar Sætre
COMPENSATION $1,737,000
AGE 63
TENURE AS CEO 5.4 years
CEO Bio

Mr. Eldar Sætre has been the Chief Executive Officer and President of Statoil ASA since October 15, 2014. Mr. Sætre served as an Interim President the Chief Executive Officer of Statoil ASA from October 2014 to February 4, 2015. He served as an Executive Vice President of Marketing, Processing and Renewable Energy at Statoil ASA since September 30, 2003. Mr. Sætre served as Chief Financial Officer at Statoil ASA (also known as, StatoilHydro ASA) from October 1, 2003 to December 31, 2010. He served as Head of Planning, Finance and Control at StatoilHydro ASA. He served as an Acting Chief Financial Officer of Statoil ASA. He was responsible for the following staff functions: Corporate Control, planning and accounting; group finance; investor relations; legal affairs; information management and technology; corporate services and corporate audit at StatoilHydro ASA. He joined StatoilHydro ASA in 1980 and has held a number of positions in the fields of accounting and finance. He served as Senior Vice President for corporate control, planning and accounting of Statoil. Mr. Sætre served as controller at Gullfaks from 1985 to 1989, commercial manager of Bergen Operations from 1989 to 1992 and controller in E&P from 1992 to 1995. He has been the Chairman of the Board at Statoil ASA since 2007. He has been a Director of Strømberg Gruppen AS since 2006 and Trucknor AS since 2005. He served as a Director of Statoil Fuel & Retail ASA from 2010 to October 22, 2010. Mr. Sætre holds MA in business economics from Norwegian School of Economics and Business Administration (NHH) in 1980.

CEO Compensation
  • Eldar's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Eldar's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Equinor management team in years:

2.4
Average Tenure
54.5
Average Age
  • The tenure for the Equinor management team is about average.
Management Team

Eldar Sætre

TITLE
President & CEO
COMPENSATION
$2M
AGE
63
TENURE
5.4 yrs

Lars Bacher

TITLE
Executive VP & CFO
COMPENSATION
$877K
AGE
55
TENURE
1.6 yrs

Jannicke Nilsson

TITLE
Executive VP & COO
COMPENSATION
$757K
AGE
54
TENURE
3.3 yrs

Anders Opedal

TITLE
Executive Vice President of Technology
COMPENSATION
$882K
AGE
51
TENURE
1.4 yrs

Irene Rummelhoff

TITLE
Executive Vice President of Marketing
COMPENSATION
$827K
AGE
52
TENURE
1.6 yrs

Margareth Øvrum

TITLE
Executive Vice President of Development & Production Brazil
COMPENSATION
$1M
AGE
61
TENURE
1.4 yrs

Tim Dodson

TITLE
Executive Vice President of Exploration
COMPENSATION
$916K
AGE
60
TENURE
9.2 yrs

Torgrim Reitan

TITLE
Executive Vice President of Development & Production International
COMPENSATION
$905K
AGE
50
TENURE
9.2 yrs

Arne Nylund

TITLE
Executive Vice President of Development & Production - Norway
COMPENSATION
$889K
AGE
59
TENURE
6.2 yrs

Pål Eitrheim

TITLE
Executive Vice President of New Energy Solutions
COMPENSATION
$669K
AGE
48
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the Equinor board of directors in years:

4.2
Average Tenure
57.5
Average Age
  • The tenure for the Equinor board of directors is about average.
Board of Directors

Jon Erik Reinhardsen

TITLE
Independent Chair of the Board
COMPENSATION
$110K
AGE
63
TENURE
2.5 yrs

Jeroen van der Veer

TITLE
Independent Deputy Chairman
COMPENSATION
$101K
AGE
72
TENURE
0.7 yrs

Tone Cathrine Bakker

TITLE
Chair of Corporate Assembly
AGE
57
TENURE
4.2 yrs

Nils Bastiansen

TITLE
Deputy Chairman of Corporate Assembly
AGE
59

Stig Lægreid

TITLE
Employee-elected Director
COMPENSATION
$56K
AGE
56
TENURE
6.7 yrs

Bjørn Godal

TITLE
Independent Director
COMPENSATION
$67K
AGE
74
TENURE
9.5 yrs

Rebekka Herlofsen

TITLE
Independent Director
COMPENSATION
$62K
AGE
49
TENURE
5 yrs

Wenche Agerup

TITLE
Independent Director
COMPENSATION
$56K
AGE
55
TENURE
4.6 yrs

Per Labråten

TITLE
Former Member of Corporate Assembly
COMPENSATION
$56K
AGE
58
TENURE
2.8 yrs

Hilde Møllerstad

TITLE
Employee Representative Director
COMPENSATION
$32K
AGE
53
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Equinor's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Equinor has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DNQA News

Simply Wall St News

DNQA Company Info

Description

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments. It also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; and operates refineries, processing and power plants, and terminals. In addition, the company develops wind, and carbon capture and storage projects, as well as offers other renewable energy and low-carbon energy solutions. As of December 31, 2019, it had proved oil and gas reserves of 6,004 million barrels of oil equivalent. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was founded in 1972 and is headquartered in Stavanger, Norway.

Details
Name: Equinor ASA
DNQA
Exchange: DB
Founded: 1972
NOK34,083,930,054
3,299,562,941
Website: http://www.equinor.com
Address: Equinor ASA
Forusbeen 50,
Stavanger,
Rogaland, 4035,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB EQNR Common Stock Oslo Bors NO NOK 18. Jun 2001
OTCPK STOH.F Common Stock Pink Sheets LLC US USD 18. Jun 2001
DB DNQ Common Stock Deutsche Boerse AG DE EUR 18. Jun 2001
LSE 0M2Z Common Stock London Stock Exchange GB NOK 18. Jun 2001
SWX STL Common Stock SIX Swiss Exchange CH CHF 18. Jun 2001
NYSE EQNR SPON ADR EACH REP 1 ORD SHS New York Stock Exchange US USD 18. Jun 2001
DB DNQA SPON ADR EACH REP 1 ORD SHS Deutsche Boerse AG DE EUR 18. Jun 2001
LSE 0L9H SPON ADR EACH REP 1 ORD SHS London Stock Exchange GB USD 18. Jun 2001
BMV EQNR N SPON ADR EACH REP 1 ORD SHS Bolsa Mexicana de Valores MX MXN 18. Jun 2001
Number of employees
Current staff
Staff numbers
21,412
Equinor employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:21
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.