Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Capricorn Energy PLC is an independent, UK-based oil and gas exploration, development, and production company headquartered in Edinburgh, Scotland. Formerly known as Cairn Energy PLC until December 2021, it was founded in 1980 and has over 30 years of experience as a listed entity on the London Stock Exchange, operating across various global locations including the UK, Egypt, Mexico, Senegal, Israel, Côte d'Ivoire, and Suriname. The company focuses on cash flow generation through its portfolio of onshore development and production assets, particularly in the Egyptian Western Desert and Mexico segments, while engaging in worldwide exploration and sales of oil and gas. Capricorn Energy PLC maintains a strong commitment to regulatory compliance, participating in initiatives like the Extractive Industries Transparency Initiative in Senegal and reporting payments to governments under UK and EU directives. With a lean team of approximately 45 employees led by CEO Randall Neely, it navigates diverse tax obligations and emphasizes operational expertise throughout the oil and gas lifecycle. This positions Capricorn Energy PLC as a key player in the energy sector's upstream activities.
£3.46
+£0.01 (+0.29%)
EOD Jul 3, 2026
12.00% operating margin is respectable but not wide. ROIC at 2.95%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 23.7% YoY. The question is whether this is cyclical or a structural shift.
Even for strong businesses, today's 18x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
17.8x earnings, 5.2x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$136M
▼ -23.7% YoY
Net Income (TTM)
$19M
▲ +79.2% YoY
Op. Margin
12.00%
▲ +3.9pp YoY
ROIC
2.95%
▲ +1.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$60M
▲ +35.7% YoY
Op. Cash Flow (TTM)
$88M
▲ +96.9% YoY
Net Debt
-$31M
Net Cash Position
Cash & Equiv.
$77M
3Y CAGR: -16.1%
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At a P/E of 17.8 and a price-to-free-cash-flow of 5.2, Capricorn Energy (CNE.XLON) trades below a two-stage DCF intrinsic value of about $15.72 per share, so at $3.46 the stock looks undervalued (354.3% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Capricorn Energy scores 74/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $15.72 per share for CNE.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $11.79. At today's $3.46, that puts the stock about 354.3% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Capricorn Energy scores 74 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 12.0% operating margin and a 2.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. CNE.XLON currently trades below its estimated intrinsic value and scores 74/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.