SSL vs EQNR Stock Comparison

Sasol and Equinor Asa Prices as of Oct 26, 2026 Peers: Industry group
SSL Sasol Ltd
$17.42 +24.2% 1M +165.5% 1Y
Market cap
$10.83B
P/E
15.3x
Revenue (TTM)
—
Div. yield
–
Integrated Oil and Gas Energy
2 wins
EQNR Equinor Asa
$48.11 +14.1% 1M +98.6% 1Y
Market cap
$121.91B
P/E
15.2x
Revenue (TTM)
$114.42B
Div. yield
–
Integrated Oil and Gas Energy
4 wins

Head to Head

6 decided of 12

Equinor Asa leads on 4 of the 12 questions below (Equinor Asa 4, Sasol 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSSLEQNRLeader
Larger companyMarket capitalisation $10.83B $121.91B EQNR
Cheaper on earningsLower P/E, profitable companies only 15.3x 15.2x EQNR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.3x 8.9x SSL
Faster revenue growthRevenue growth, trailing twelve months — +5.8% –
More profitableNet margin, trailing twelve months — 7.0% –
Better return on capitalReturn on invested capital — 47.7% –
Less leveragedLower net debt / EBITDA — 0.0x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +165.5% +98.6% SSL
Better 5-year returnAnnualised price return, 5 years +0.4%/yr +13.1%/yr EQNR
Less volatileAnnualised volatility, 1 year 54.1% 39.0% EQNR
Higher overall scoreMean of the five percentile scores vs peers — 67/100 –

Percentile Scorecard

SSLEQNR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSSLEQNR
Valuation 95 #6 of 99 81 #20 of 99
Growth – 56 #43 of 97
Profitability – 82 #18 of 96
Financial Health 52 #50 of 102 57 #44 of 102
Shareholder Returns – 59 #32 of 76
Overall – 67
  • SSL ranked among 103 companies in Oil and Gas Upstream
  • EQNR ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSSLEQNRSPY
1 month +24.2%+14.1% -0.8%
3 months +52.3%+25.0% +3.5%
6 months +36.9%+26.4% +7.0%
Year to date +167.6%+103.6% +12.2%
1 year +165.5%+98.6% +13.0%
3 years +32.9%+43.2% +86.3%
3 years, per year +9.9%+12.7% +23.1%
5 years +2.0%+84.8% +68.6%
5 years, per year +0.4%+13.1% +11.0%
10 years -37.0%+194.6% +258.0%
10 years, per year -4.5%+11.4% +13.6%

Risk

MeasureSSLEQNRSPY
Volatility, 1Y 54.1%39.0% 12.7%
Downside volatility, 1Y 55.7%38.4% 12.7%
Beta vs S&P 500, 1Y -0.76-1.09 1.00
Return / volatility, 1Y 3.062.53 1.02
Max drawdown, 5Y -89.4%-47.8% -25.4%
From 52-week high -3.3%-1.4% -1.8%
52-week high $18.02$48.81 $779.14
52-week low $6.00$22.41 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSSLEQNR
P/E now vs peer median 15.3xmedian 13.5x 15.5xmedian 13.5x
P/S now vs peer median 0.7xmedian 2.1x 1.1xmedian 2.1x
EV/EBITDA now vs peer median —median 5.9x 2.7xmedian 5.9x
P/FCF now vs peer median 3.6xmedian 11.0x 12.6xmedian 11.0x
P/B now vs peer median 1.1xmedian 1.5x 2.8xmedian 1.5x
PEG now vs peer median —median 2.27 —median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSSLEQNR
Revenue – $114.42B
Operating income – $32.53B
Net income – $9.05B
Free cash flow – $9.58B
R&D – $880.00M
EPS (diluted) – $3.08
Cash & equivalents $2.64B $8.06B
Total debt $6.66B $105.13B
Shares (diluted) 642.00M 2.60B
Enterprise value -$233.82M $36.36B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSSLEQNR
P/E 15.3x 15.5x
P/FCF 3.6x 12.6x
P/Operating cash flow – 5.2x
P/S 0.7x 1.1x
P/B 1.1x 2.8x
P/Tangible book 1.1x 2.8x
EV/EBITDA – 2.7x
EV/EBIT – 3.7x
EV/Revenue – 1.1x
EV/FCF – 12.6x
EV/Operating cash flow – 5.2x
PEG (3Y EPS CAGR) – –

Growth

14 metrics
MetricSSLEQNR
Revenue growth (1Y) – 5.8%
Revenue CAGR (3Y) – –
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) – 7.6%
Operating income CAGR (3Y) – –
Net income growth (1Y) – 10.0%
Net income CAGR (3Y) – –
EPS growth (1Y) – 24.1%
EPS CAGR (3Y) – –
Operating cash flow growth (1Y) – 15.5%
Operating cash flow CAGR (3Y) – –
Free cash flow growth (1Y) – 39.6%
Free cash flow CAGR (3Y) – –

Profitability

14 metrics
MetricSSLEQNR
Gross margin – –
EBITDA margin – 38.9%
Operating margin – 28.4%
Pretax margin – 29.0%
Net margin – 7.0%
FCF margin – 8.4%
Operating cash flow margin – 20.2%
Return on equity – 20.9%
Return on assets – 658.7%
Return on invested capital – 47.7%
Return on capital employed – –
Asset turnover – 83.3x
Cash conversion (OCF / net income) – 2.6x
Stock comp / revenue – –

Financial Health

11 metrics
MetricSSLEQNR
Debt / assets 30.1% 1,784%
Debt / equity 0.6x 0.6x
Net debt / EBITDA – 0.0x
Debt / FCF – 2.5x
Liabilities / assets 53.3% -3,046%
Equity / assets 46.7% 3,146%
Interest coverage – –
Current ratio 1.8x 1.2x
Quick ratio 1.2x 0.9x
Cash ratio 0.6x 0.6x
Altman Z-score – –

Shareholder Returns

7 metrics
MetricSSLEQNR
Dividend yield – 3.2%
Net buyback yield – –
Shareholder yield 0.0% 3.2%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSSLEQNR
Forward P/E 5.3xFY2027 8.9xFY2026
EPS, next fiscal year $3.26FY2027 $5.41FY2026
EPS growth, next FY +37.0%FY2027 +119.0%FY2026
EPS growth, the year after -24.5% -15.7%
Revenue, next fiscal year $16.51BFY2027 $120.69BFY2026
Revenue growth, next FY -2.3%FY2027 +14.0%FY2026
Revenue growth, the year after +7.4% -1.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSSLEQNR
Held by institutions 4.7% 6.6%
Institutions holding 174 409
Change in shares held, QoQ -7.6% +1.8%
Institutions buying 111 230
Institutions selling 45 115
Buyers to sellers 2.47 2.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SSLEQNR
SSL 1.00 0.53
EQNR 0.53 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SSL and EQNR?

Equinor Asa (EQNR) is the largest by market capitalisation: Sasol (SSL) $10.83B, Equinor Asa (EQNR) $121.91B.

Which stock is cheaper, SSL and EQNR?

Equinor Asa (EQNR) trades on the lowest price-to-earnings ratio (Sasol (SSL) 15.3x, Equinor Asa (EQNR) 15.2x). On next year's consensus earnings, Sasol (SSL) is cheapest (Sasol (SSL) 5.3x, Equinor Asa (EQNR) 8.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which stock has performed better?

Over the past year Sasol (SSL) returned the most: Sasol (SSL) +165.5%, Equinor Asa (EQNR) +98.6%. Over five years, Equinor Asa (EQNR) compounded fastest (Sasol (SSL) +0.4%/yr, Equinor Asa (EQNR) +13.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Equinor Asa (EQNR) has been the steadiest (Sasol (SSL) 54.1%, Equinor Asa (EQNR) 39.0%). Volatility measures how widely the price swings, not the risk of the business.

Do SSL and EQNR move together?

Their daily returns over the past year have a correlation of 0.53, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, SSL and EQNR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Equinor Asa (EQNR) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.