The Discounted Cash Flow (DCF) valuation of BP PLC (BP.L) is 376.29 GBP. With the latest stock price at 383.70 GBP, the upside of BP PLC based on DCF is -1.9%.
Based on the latest price of 383.70 GBP and our DCF valuation, BP PLC (BP.L) is a sell. Selling BP.L stocks now will result in a potential gain of 1.9%.
Range | Selected | |
WACC / Discount Rate | 6.8% - 8.4% | 7.6% |
Long-term Growth Rate | 2.5% - 4.5% | 3.5% |
Fair Price | 221.73 - 774.36 | 376.29 |
Upside | -42.2% - 101.8% | -1.9% |
(USD in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 189,185 | 187,109 | 191,251 | 191,105 | 196,064 | 206,460 |
% Growth | 10% | -1% | 2% | 0% | 3% | 5% |
Cost of goods sold | (142,273) | (140,712) | (143,827) | (143,717) | (147,446) | (155,264) |
% of Revenue | 75% | 75% | 75% | 75% | 75% | 75% |
Selling, G&A expenses | (16,417) | (16,237) | (16,596) | (16,584) | (17,014) | (17,916) |
% of Revenue | 9% | 9% | 9% | 9% | 9% | 9% |
Research & Development | (974) | (963) | (985) | (984) | (1,009) | (1,063) |
% of Revenue | 1% | 1% | 1% | 1% | 1% | 1% |
Net interest & other expenses | (22,739) | (22,489) | (22,987) | (22,970) | (23,566) | (24,815) |
% of Revenue | 12% | 12% | 12% | 12% | 12% | 12% |
Tax expense | (5,869) | (1,274) | (1,303) | (1,302) | (1,335) | (1,406) |
Tax rate | 87% | 19% | 19% | 19% | 19% | 19% |
Net profit | 913 | 5,433 | 5,553 | 5,549 | 5,693 | 5,995 |
% Margin | 0% | 3% | 3% | 3% | 3% | 3% |