# Cairn Energy PLC (CNE.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Energy / Oil, Gas & Consumable Fuels. Price 383p, market value 263 millionp.

## Valuation
- **P/E (trailing): 22.5×** (5-yr avg 983.2×, 3-yr avg 1421.8×). Cairn Energy PLC trades at 22.5× trailing earnings, well below its own five-year average of 983.2×: cheap by its own standards. The Energy median in the September 2026 study was 16.8×. Forward P/E is 5.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.07**. A PEG of 0.07 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 1.5×**. Enterprise value is 1.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 32.1%** (5-yr avg 0.1%). Free cash flow equals 32.1% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.4%**. The inverse of the P/E: 4.4% of the price is earned each year.

## Profitability
- **Gross margin: 38.2%**. Cairn Energy PLC keeps 38.2% of revenue after the direct cost of what it sells.
- **Operating margin: 14.7%**. 14.7% of revenue is left after running the business.
- **Net margin: 14.0%**. 14.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.1%**. 5.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 8.0%**. Return on all capital, debt included, is 8.0%.
- **Return on assets: 5.8%**. Each dollar of assets produces 5.8% of profit.

## Growth
- **Revenue growth (1 yr): -23.7%** (3-yr -16.1%/yr, 5-yr 220.8%/yr). Revenue fell 23.7% over the last year, against 220.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 85.7%**. Earnings per share rose 85.7%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.12**. Debt is 0.12 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Cairn Energy PLC holds more cash than debt.
- **Interest coverage: 1.7×**. Operating profit covers interest 1.7×, thin but manageable.
- **Current ratio: 2.44** (quick 2.37). Current assets cover the next year's liabilities 2.44 times.
- **Altman Z-score: 2.87**. A Z-score of 2.87 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Cairn Energy PLC does not currently pay a dividend, but it returned 2.5% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (4 analysts). 4 analysts cover Cairn Energy PLC; the consensus is buy, with an average price target of 371p (-3% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 88.4%** (YTD 99.8%, 3-mo 17.8%). The shares are up 88.4% over twelve months including dividends.
- **From 52-week high: -1.3%** (110.7% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 77**. An RSI of 77 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.63** (volatility 50%). Beta of 0.63 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CNE.L · Page: https://foliofundamentals.com/stocks/cne.l

Not investment advice.