Golar LNG Limited logo GLNG - Golar LNG Limited

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 29
HOLD 14
SELL 4
STRONG
SELL
0
| PRICE TARGET: $62.67 DETAILS
HIGH: $67.00
LOW: $56.00
MEDIAN: $65.00
CONSENSUS: $62.67
UPSIDE: 19.69%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild
Trading 0.7% below fair value
Current Price $52.36
Bear Case $42.17 19.5% downside ($42.17 - $52.36) / $52.36 = -19.5% $2.45 × 16x P/E
Fair Value $52.71 0.7% upside ($52.71 - $52.36) / $52.36 = 0.7% $2.45 × 20x P/E
Bull Case $63.25 20.8% upside ($63.25 - $52.36) / $52.36 = 20.8% $2.45 × 24x P/E

Adjust Assumptions

19.8x
2.45$

Key Value Driver

Normalized P/E multiple (20x base case)

Implied Market Multiple 21.4x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $62.67 from 48 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $52.71 per share.

Warnings

The company's reported profits differ from official accounting profits by 277%. Check what costs are being left out of the adjusted number.
The company pays out 154% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples