TotalEnergies SE logo TTE - TotalEnergies SE

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 18
HOLD 14
SELL 1
STRONG
SELL
0
| PRICE TARGET: $95.33 DETAILS
HIGH: $103.00
LOW: $90.00
MEDIAN: $93.00
CONSENSUS: $95.33
UPSIDE: 4.37%
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 22.9% above fair value
Current Price $91.34
Bear Case $42.18 53.8% downside ($42.18 - $91.34) / $91.34 = -53.8% FCF $10485M × 12x
Fair Value $74.30 18.7% downside ($74.30 - $91.34) / $91.34 = -18.7% FCF $12335M × 16x
Bull Case $113.07 23.8% upside ($113.07 - $91.34) / $91.34 = 23.8% FCF $14185M × 20x

Adjust Assumptions

75.0$/bbl
16.0x

Key Value Driver

Oil price assumption ($75/bbl base case)

Implied Market Multiple 19.1x

Plain-Language Summary

At $75/bbl oil with a 16x EV/FCF multiple, intrinsic value is $74.30 per share. Range: $42.18 (bear) to $113.07 (bull).

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (34 analysts) $95.33
Analyst Range $90.00 – $103.00
Divergence from AlphaVal 22%

Warnings

ℹ 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.

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