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.
Tullow Oil plc is a leading independent oil and gas exploration and production company headquartered in London, United Kingdom, with over thirty years of experience in Africa and emerging markets. Founded in 1985 in Ireland by Aidan Heavey as a gas exploration business in Senegal, it has grown through strategic acquisitions, including BP's North Sea gas fields in 2000 and Energy Africa in 2004, expanding operations across Africa, South America, and beyond. The company holds interests in numerous licences—historically up to 86 across 22 countries—and focuses on key producing assets in West Africa, particularly the Jubilee and TEN fields in Ghana, alongside operations in Gabon, Côte d’Ivoire, and Equatorial Guinea. It pursues a balanced strategy of high-impact exploration, selective development of discoveries, and maximising low-cost production, while advancing projects in East Africa like Uganda's Lake Albert Rift Basin and Kenya's South Lokichar Basin. Tullow Oil plc emphasises responsible development, sustainability, and creating value for stakeholders including host countries, shareholders, and employees, positioning it as a significant player in monetising Africa's oil resources.
£0.12
+£0.00 (+2.60%)
EOD Jul 3, 2026
24.54% operating margin is above average. ROIC at 6.65%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 33.9% YoY. Margins deteriorated 25.7pp alongside, both lines moving the wrong way.
At 40x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 74% versus the prior year, cash generation momentum has weakened.
39.5x earnings, 1.9x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$851M
▼ -33.9% YoY
Net Income (TTM)
$7M
▼ -88.1% YoY
Op. Margin
24.54%
▼ -25.7pp YoY
ROIC
6.65%
▼ -4.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$139M
▼ -74.0% YoY
Op. Cash Flow (TTM)
$372M
▼ -31.1% YoY
Net Debt
$1.93B
Cash & Equiv.
$329M
3Y CAGR: -21.8%
3Y CAGR: -43.6%
Continue Research
At a P/E of 39.5 and a price-to-free-cash-flow of 1.9, Tullow Oil (TLW.XLON) trades below a two-stage DCF intrinsic value of about $0.29 per share, so at $0.12 the stock looks undervalued (147.0% 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, Tullow Oil scores 19/100 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 $0.29 per share for TLW.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 $0.22. At today's $0.12, that puts the stock about 147.0% 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.
Tullow Oil scores 19 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 24.5% operating margin and a 6.6% 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. TLW.XLON currently trades below its estimated intrinsic value and scores 19/100 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.