Analyst consensus

The consensus data below is compiled and updated by Petrofac. It represents a summary of forecasts made by sell side investment analysts, who provide their own research analyses and earnings estimates in respect of the Group.

*Analyst consensus net profit for 2017 excludes a one-off non-cash charge of US$22 million in relation to changes to UK carry forward tax loss relief rules which were substantively enacted in October 2017. As previously disclosed in the 2016 Annual Report (p144) and 30 June 2017 Half Year Report (p24), if the new loss relief rules had applied at 31 December 2016 (or 30 June 2017), the recognised deferred tax asset at that date would have been US$22 million lower and the tax charge for the period would have been US$22 million higher. The one-off charge will be included within our full year business performance results. On this basis, consensus net profit for 2017 is US$317 million.

US$ millions

2017(3)

2018(3)

Low

Mean

High

#forecasts

Low

Mean

High

#forecasts

Revenue

5,630

6,793

7,322

21

4,965

5,954

6,585

21

EBITDA(1)

661

704

769

21

542

622

767

21

Net profit (1),(2)

287*

339*

421*

21

170

264

390

21

 

Last updated 30 November 2017. It is intended to update the consensus at least once per quarter. 

 

(1) Business performance before exceptional items and certain re-measurements.

(2) Profit for the year attributable to Petrofac Limited shareholders (i.e. after deducting profit attributable to non-controlling interests).

(3) 2017 analyst consensus assumes an average Brent oil price of US$54. 2018 analyst consensus assumes an average Brent oil price of US$58.

 

Disclaimer: These forecasts are the responsibility, and constitute the judgement, of each individual contributing analyst. Any opinions, forecasts, estimates, projections or predictions regarding Petrofac’s performance made by the analysts (and therefore the consensus estimate forecasts) are theirs alone and do not represent the opinions, forecasts, estimates, projections or predictions of Petrofac or its management. By providing these estimates, Petrofac does not imply its endorsement of or concurrence with such information, conclusions or recommendations. No representation or warranty, express or implied is made or responsibility accepted for the accuracy or completeness of the forecasts used in this analysis and neither Petrofac, nor any of its officers or employees shall accept any liability whatsoever for reliance upon, or actions taken based on, any of the information in them. Although Petrofac intends to update the analysis at least once per quarter, it assumes no obligation to update or revise such information.