WallStSmart

Equinor ASA ADR (EQNR)vsNational Fuel Gas Company (NFG)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Equinor ASA ADR generates 4354% more annual revenue ($105.98B vs $2.38B). NFG leads profitability with a 27.5% profit margin vs 4.8%. NFG appears more attractively valued with a PEG of 1.55. NFG earns a higher WallStSmart Score of 79/100 (B+).

EQNR

Hold

45

out of 100

Grade: D+

Growth: 2.0Profit: 6.5Value: 4.7Quality: 6.5
Piotroski: 3/9Altman Z: 2.32

NFG

Strong Buy

79

out of 100

Grade: B+

Growth: 7.3Profit: 8.5Value: 10.0Quality: 6.0
Piotroski: 6/9Altman Z: 1.17
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EQNRSignificantly Overvalued (-116.7%)

Margin of Safety

-116.7%

Fair Value

$13.19

Current Price

$40.46

$27.27 premium

UndervaluedFair: $13.19Overvalued
NFGUndervalued (+74.5%)

Margin of Safety

+74.5%

Fair Value

$334.15

Current Price

$94.40

$239.75 discount

UndervaluedFair: $334.15Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

EQNR3 strengths · Avg: 8.3/10
Market CapQuality
$103.74B9/10

Large-cap with strong market position

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Operating MarginProfitability
21.4%8/10

Strong operational efficiency at 21.4%

NFG6 strengths · Avg: 8.7/10
Operating MarginProfitability
43.4%10/10

Strong operational efficiency at 43.4%

Return on EquityProfitability
20.7%9/10

Every $100 of equity generates 21 in profit

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

P/E RatioValuation
13.2x8/10

Attractively priced relative to earnings

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
18.6%8/10

18.6% revenue growth

Areas to Watch

EQNR4 concerns · Avg: 2.5/10
Profit MarginProfitability
4.8%3/10

4.8% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
3.572/10

Expensive relative to growth rate

Revenue GrowthGrowth
-5.1%2/10

Revenue declined 5.1%

NFG4 concerns · Avg: 3.0/10
PEG RatioValuation
1.554/10

Expensive relative to growth rate

EPS GrowthGrowth
3.0%4/10

3.0% earnings growth

Free Cash FlowQuality
$-2.71M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
1.172/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : EQNR

The strongest argument for EQNR centers on Market Cap, Price/Book, Operating Margin.

Bull Case : NFG

The strongest argument for NFG centers on Operating Margin, Return on Equity, Profit Margin. Profitability is solid with margins at 27.5% and operating margin at 43.4%. Revenue growth of 18.6% demonstrates continued momentum.

Bear Case : EQNR

The primary concerns for EQNR are Profit Margin, Piotroski F-Score, PEG Ratio. Thin 4.8% margins leave little buffer for downturns.

Bear Case : NFG

The primary concerns for NFG are PEG Ratio, EPS Growth, Free Cash Flow.

Key Dynamics to Monitor

EQNR profiles as a value stock while NFG is a growth play — different risk/reward profiles.

NFG carries more volatility with a beta of 0.56 — expect wider price swings.

NFG is growing revenue faster at 18.6% — sustainability is the question.

NFG generates stronger free cash flow (-3M), providing more financial flexibility.

Bottom Line

NFG scores higher overall (79/100 vs 45/100), backed by strong 27.5% margins and 18.6% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Equinor ASA ADR

ENERGY · OIL & GAS INTEGRATED · USA

Equinor ASA, an energy company, is engaged in the exploration, production, transportation, refining and marketing of petroleum and petroleum products and other forms of energy, as well as other companies in Norway and internationally. The company is headquartered in Stavanger, Norway.

National Fuel Gas Company

ENERGY · OIL & GAS INTEGRATED · USA

National Fuel Gas Company is a diversified energy company. The company is headquartered in Williamsville, New York.

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