Ring Energy stock: fair value
REIThe fair value of Ring Energy under our model is $0.98, the price is 23% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $0.65 and expensive above $1.95 (uncertainty very high, based on the price swings of the past year).
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $0.82, at 7.8% it would be $1.22.
Where the number comes from
From the cash-flow model alone; without earnings there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 8.8% (floor: government bond yield 3.8% plus 5 percentage points, since beta 0.94 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $0.98 per share: free cash flow for the next ten years, each year discounted to today at 8.8%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 8.8%) |
|---|---|---|---|---|
| 2026 | $14.12M | extrapolated at −1.7% | 0.9189 | $12.97M |
| 2027 | $14.12M | extrapolated at 0.0% | 0.8443 | $11.92M |
| 2028 | $14.28M | extrapolated at 1.1% | 0.7758 | $11.08M |
| 2029 | $14.56M | extrapolated at 1.9% | 0.7129 | $10.38M |
| 2030 | $14.92M | extrapolated at 2.5% | 0.6550 | $9.77M |
| 2031 | $15.35M | extrapolated at 2.9% | 0.6019 | $9.24M |
| 2032 | $15.84M | extrapolated at 3.2% | 0.5530 | $8.76M |
| 2033 | $16.38M | extrapolated at 3.4% | 0.5082 | $8.32M |
| 2034 | $16.95M | extrapolated at 3.5% | 0.4669 | $7.92M |
| 2035 | $17.57M | extrapolated at 3.6% | 0.4291 | $7.54M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $97.9M |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (8.8% − 3.8%) | $364.77M |
| Present value of terminal value (× 0.4291) | $156.51M |
| Equity value (sum plus present value of terminal value) | $254.4M |
| Shares (diluted) | 260.53M |
| Value per share (equity value divided by shares) | $0.98 |
| Fair value (from the cash flow model alone) | $0.98 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 8 May 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.