TotalEnergies SE logo TTE - TotalEnergies SE

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 19
HOLD 13
SELL 1
STRONG
SELL
0
| PRICE TARGET: $103.00 DETAILS
HIGH: $103.00
LOW: $103.00
MEDIAN: $103.00
CONSENSUS: $103.00
UPSIDE: 18.66%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Oil & Gas E&P 85% confidence

Primary model: FCF at Price Deck × Multiple

Valuation Signal Overvalued Moderate
Trading 15.3% above fair value
Current Price $86.80
Bear Case $41.82 51.8% downside ($41.82 - $86.80) / $86.80 = -51.8% FCF $9191M × 12x
Fair Value $75.26 13.3% downside ($75.26 - $86.80) / $86.80 = -13.3% FCF $10813M × 16x
Bull Case $115.63 33.2% upside ($115.63 - $86.80) / $86.80 = 33.2% FCF $12435M × 20x

Adjust Assumptions

75.0$/bbl
16.0x

Key Value Driver

Oil price assumption ($75/bbl base case)

Implied Market Multiple 20.8x

Plain-Language Summary

Our base-case estimate uses a valuation based on free cash flow under different commodity price assumptions and a valuation multiple. We then blend that result with the average analyst price target of $103.00 from 34 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $75.26 per share.

Warnings

Where you think oil prices will settle long-term drives over 80% of this valuation. The biggest risk isn't the company itself — it's getting the commodity price wrong.
Wall Street's average price target is $103.00 (from 34 analysts). Our estimate is 38% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — commodity volumes do not compound
  • Geopolitical premiums are real but historically temporary
  • Reserve replacement ratio below 100% for 3 years is existential