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.
/
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.
Nostrum Oil & Gas PLC is an independent mixed-asset energy company focused on oil and gas exploration, production, and processing in north-western Kazakhstan. It operates as a major supplier of commercial processed gas for domestic and export markets, with a product portfolio including crude oil, stabilized condensate, LPG, dry gas, and third-party hydrocarbons. The company's flagship asset is the 100% owned Chinarevskoye field in the pre-Caspian Basin, complemented by the recently acquired Stepnoy Leopard fields and historical interests in Rostoshinskoye, Darjinskoye, and Yuzhno-Gremyachenskoye fields. Nostrum boasts world-class gas processing infrastructure with a 4.2 bcma capacity, currently underutilized at less than 20%, positioning it to process third-party gas and support Kazakhstan's transition to cleaner energy. Following a 2023 restructuring that strengthened its balance sheet with significant cash reserves and reduced debt, the company emphasizes upstream and midstream opportunities, robust ESG performance, safety, and local community engagement. Headquartered in London and founded in 1997, Nostrum leverages strategic transport links to export pipelines and rail networks, enhancing its role in regional energy security.
£0.04
+£0.00 (+0.00%)
EOD Jul 3, 2026
Operating margin is thin at 3.24%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 13.9% YoY. Margins deteriorated 12.7pp alongside, both lines moving the wrong way.
Free cash flow declined 1857% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$9M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$121M
▼ -13.9% YoY
Net Income (TTM)
-$223M
▼ -706.1% YoY
Op. Margin
5.39%
▼ -12.7pp YoY
ROIC
0.47%
▼ -1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1M
▼ -1857.4% YoY
Op. Cash Flow (TTM)
$24M
▼ -87.0% YoY
Net Debt
$559M
Cash & Equiv.
$143M
3Y CAGR: -16.1%
Continue Research
Nostrum Oil & Gas (NOG.XLON) trades above a two-stage DCF intrinsic value of about $-3.24 per share, so at $0.04 the stock looks overvalued (9,364.3% above 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, Nostrum Oil & Gas scores 15/100 on Intrinsiqq's quality scorecard (a lower-quality 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 $-3.24 per share for NOG.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 $-2.43. At today's $0.04, that puts the stock about 9,364.3% above 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.
Nostrum Oil & Gas scores 15 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 5.4% operating margin and a 0.5% 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. NOG.XLON currently trades above its estimated intrinsic value and scores 15/100 on quality (lower-quality). 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.