Stock Analysis on Net

ConocoPhillips (NYSE:COP) 

Common Stock Valuation Ratios (Price Multiples)

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Current Valuation Ratios

ConocoPhillips, current price multiples

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ConocoPhillips Chevron Corp. Devon Energy Corp. Exxon Mobil Corp. Marathon Oil Corp. Occidental Petroleum Corp. Pioneer Natural Resources Co. Valero Energy Corp. Oil, Gas & Consumable Fuels
Selected Financial Data
Current share price (P) $90.98
No. shares of common stock outstanding 1,293,449,547
Growth rate (g) 5.63%
 
Earnings per share (EPS) $6.25
Next year expected EPS $6.60
Operating profit per share $8.62
Sales per share $35.43
Book value per share (BVPS) $35.10
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 14.57 18.42 12.93 16.01 16.87 37.22 25.58 47.38 17.82
Price to next year expected earnings 13.79 18.66 13.02 15.82 18.50 37.91 24.54 46.56 17.68
Price-earnings-growth (PEG) 2.59 13.48 6.02 26.87 22.19
Price to operating profit (P/OP) 10.55 17.79 11.27 15.35 12.20 13.46 16.34 20.69 14.98
Price to sales (P/S) 2.57 1.85 2.98 1.33 2.85 2.18 3.03 0.39 1.50
Price to book value (P/BV) 2.59 2.07 3.93 2.19 1.49 2.79 2.37 2.39 2.26

Based on: 10-K (reporting date: 2021-12-31).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

ConocoPhillips, historical price multiples

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Price to earnings (P/E) 14.66 8.77 12.60
Price to operating profit (P/OP) 10.62 9.96 9.00
Price to sales (P/S) 2.58 3.52 1.94 2.16 2.21
Price to book value (P/BV) 2.61 2.22 1.80 2.47 2.10

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. ConocoPhillips P/S ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. ConocoPhillips P/BV ratio increased from 2019 to 2020 and from 2020 to 2021.

Price to Earnings (P/E)

ConocoPhillips, historical P/E calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 1,299,526,916 1,354,734,727 1,081,132,415 1,134,404,094 1,174,577,506
Selected Financial Data (US$)
Net income (loss) attributable to ConocoPhillips (in millions) 8,079  (2,701) 7,189  6,257  (855)
Earnings per share (EPS)2 6.22 -1.99 6.65 5.52 -0.73
Share price1, 3 91.16 48.85 58.30 69.49 54.84
Valuation Ratio
P/E ratio4 14.66 8.77 12.60
Benchmarks
P/E Ratio, Competitors5
Chevron Corp. 16.81 70.06 15.30 22.83
Devon Energy Corp. 12.71 4.33 17.91
Exxon Mobil Corp. 14.11 15.64 16.15 16.28
Marathon Oil Corp. 16.91 16.99 12.46
Occidental Petroleum Corp. 23.89 12.08 39.87
Pioneer Natural Resources Co. 25.60 29.80 24.58 36.44
Valero Energy Corp. 37.78 12.12 10.91 9.64
P/E Ratio, Sector
Oil, Gas & Consumable Fuels 16.04 22.05 14.31 25.35

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
EPS = Net income (loss) attributable to ConocoPhillips ÷ No. shares of common stock outstanding
= 8,079,000,000 ÷ 1,299,526,916 = 6.22

3 Closing price as at the filing date of ConocoPhillips Annual Report.

4 2021 Calculation
P/E ratio = Share price ÷ EPS
= 91.16 ÷ 6.22 = 14.66

5 Click competitor name to see calculations.


Price to Operating Profit (P/OP)

ConocoPhillips, historical P/OP calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 1,299,526,916 1,354,734,727 1,081,132,415 1,134,404,094 1,174,577,506
Selected Financial Data (US$)
Operating income (loss) (in millions) 11,155  (2,865) 6,330  8,756  (4,658)
Operating profit per share2 8.58 -2.11 5.85 7.72 -3.97
Share price1, 3 91.16 48.85 58.30 69.49 54.84
Valuation Ratio
P/OP ratio4 10.62 9.96 9.00
Benchmarks
P/OP Ratio, Competitors5
Chevron Corp. 16.23 2,048.65 15.70 84.64
Devon Energy Corp. 11.08 61.70 8.76 11.54
Exxon Mobil Corp. 13.53 17.57 15.21 26.58
Marathon Oil Corp. 12.23 12.83 8.19
Occidental Petroleum Corp. 8.64 10.96 95.05
Pioneer Natural Resources Co. 16.34 170.14 14.48 10.80 43.00
Valero Energy Corp. 16.50 7.65 7.45 10.88
P/OP Ratio, Sector
Oil, Gas & Consumable Fuels 13.48 23.45 12.98 46.59

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
Operating profit per share = Operating income (loss) ÷ No. shares of common stock outstanding
= 11,155,000,000 ÷ 1,299,526,916 = 8.58

3 Closing price as at the filing date of ConocoPhillips Annual Report.

4 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 91.16 ÷ 8.58 = 10.62

5 Click competitor name to see calculations.


Price to Sales (P/S)

ConocoPhillips, historical P/S calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 1,299,526,916 1,354,734,727 1,081,132,415 1,134,404,094 1,174,577,506
Selected Financial Data (US$)
Sales and other operating revenues (in millions) 45,828  18,784  32,567  36,417  29,106 
Sales per share2 35.27 13.87 30.12 32.10 24.78
Share price1, 3 91.16 48.85 58.30 69.49 54.84
Valuation Ratio
P/S ratio4 2.58 3.52 1.94 2.16 2.21
Benchmarks
P/S Ratio, Competitors5
Chevron Corp. 1.69 2.09 1.46 1.43 1.56
Devon Energy Corp. 2.93 3.03 1.40 1.24 1.15
Exxon Mobil Corp. 1.17 1.34 0.88 1.20 1.35
Marathon Oil Corp. 2.86 2.84 1.61 2.31 2.95
Occidental Petroleum Corp. 1.40 1.39 1.44 2.80 4.18
Pioneer Natural Resources Co. 3.03 4.58 2.33 2.56 5.73
Valero Energy Corp. 0.31 0.48 0.27 0.29 0.42
P/S Ratio, Sector
Oil, Gas & Consumable Fuels 1.35 1.58 1.02 1.22 1.40

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
Sales per share = Sales and other operating revenues ÷ No. shares of common stock outstanding
= 45,828,000,000 ÷ 1,299,526,916 = 35.27

3 Closing price as at the filing date of ConocoPhillips Annual Report.

4 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 91.16 ÷ 35.27 = 2.58

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. ConocoPhillips P/S ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.

Price to Book Value (P/BV)

ConocoPhillips, historical P/BV calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 1,299,526,916 1,354,734,727 1,081,132,415 1,134,404,094 1,174,577,506
Selected Financial Data (US$)
Common stockholders’ equity (in millions) 45,406  29,849  34,981  31,939  30,607 
Book value per share (BVPS)2 34.94 22.03 32.36 28.15 26.06
Share price1, 3 91.16 48.85 58.30 69.49 54.84
Valuation Ratio
P/BV ratio4 2.61 2.22 1.80 2.47 2.10
Benchmarks
P/BV Ratio, Competitors5
Chevron Corp. 1.89 1.50 1.42 1.47 1.42
Devon Energy Corp. 3.86 5.07 1.50 1.44 1.74
Exxon Mobil Corp. 1.93 1.53 1.17 1.75 1.71
Marathon Oil Corp. 1.50 0.83 0.67 1.13 1.10
Occidental Petroleum Corp. 1.79 1.33 0.86 2.34 2.54
Pioneer Natural Resources Co. 2.37 2.78 1.86 1.98 2.69
Valero Energy Corp. 1.91 1.65 1.35 1.57 1.78
P/BV Ratio, Sector
Oil, Gas & Consumable Fuels 2.03 1.61 1.29 1.71 1.69

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
BVPS = Common stockholders’ equity ÷ No. shares of common stock outstanding
= 45,406,000,000 ÷ 1,299,526,916 = 34.94

3 Closing price as at the filing date of ConocoPhillips Annual Report.

4 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 91.16 ÷ 34.94 = 2.61

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. ConocoPhillips P/BV ratio increased from 2019 to 2020 and from 2020 to 2021.