Bloom Energy Corporation

WBAG:BE Stock Report

Market Cap: €5.7b

Bloom Energy Valuation

Is BE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BE (€23.88) is trading below our estimate of fair value (€26.34)

Significantly Below Fair Value: BE is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BE?

Key metric: As BE is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BE. This is calculated by dividing BE's market cap by their current revenue.
What is BE's PS Ratio?
PS Ratio4.7x
SalesUS$1.26b
Market CapUS$5.89b

Price to Sales Ratio vs Peers

How does BE's PS Ratio compare to its peers?

The above table shows the PS ratio for BE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.7x
ANDR Andritz
0.6x3.9%€5.2b
STR Strabag
0.3x2.4%€4.6b
POWERINDIA Hitachi Energy India
8.3x25.7%₹487.9b
601179 China XD Electric
1.8x14.3%CN¥39.6b
BE Bloom Energy
4.7x18.8%€5.9b

Price-To-Sales vs Peers: BE is expensive based on its Price-To-Sales Ratio (4.7x) compared to the peer average (2.8x).

Price to Sales Ratio vs Industry

How does BE's PS Ratio compare vs other companies in the European Electrical Industry?

18 CompaniesPrice / SalesEstimated GrowthMarket Cap
BE 4.7xIndustry Avg. 1.0xNo. of Companies27PS012345+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BE is expensive based on its Price-To-Sales Ratio (4.7x) compared to the European Electrical industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is BE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.7x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: BE is expensive based on its Price-To-Sales Ratio (4.7x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€23.88
€18.59
-22.2%
28.5%€28.81€6.72n/a24
Nov ’25€9.25
€14.75
+59.6%
29.6%€23.12€7.40n/a21
Oct ’25€9.20
€14.64
+59.2%
28.7%€22.45€7.18n/a21
Sep ’25€10.63
€14.68
+38.0%
28.7%€22.47€7.19n/a22
Aug ’25€11.98
€14.81
+23.6%
28.7%€22.97€8.27n/a23
Jul ’25€10.96
€14.77
+34.7%
30.0%€23.14€7.40n/a23
Jun ’25€14.87
€15.08
+1.4%
33.8%€29.46€7.37n/a24
May ’25€10.52
€15.03
+42.9%
35.7%€29.99€8.43n/a24
Apr ’25€10.46
€14.99
+43.3%
36.7%€29.79€8.38n/a24
Mar ’25€8.33
€15.03
+80.6%
38.3%€29.61€8.33n/a22
Feb ’25€10.68
€17.44
+63.3%
30.9%€29.44€8.28n/a22
Jan ’25€13.71
€17.91
+30.6%
30.7%€28.91€9.04n/a22
Dec ’24€13.75
€18.77
+36.5%
30.9%€29.20€9.13n/a23
Nov ’24€9.52
€21.50
+125.8%
25.6%€31.16€13.22€9.2522
Oct ’24€12.73
€23.87
+87.5%
20.8%€31.16€16.05€9.2021
Sep ’24€14.30
€23.60
+65.0%
21.7%€32.26€15.67€10.6320
Aug ’24€16.02
€23.63
+47.5%
20.8%€31.64€15.37€11.9821
Jul ’24€14.87
€24.35
+63.8%
22.0%€32.68€15.87€10.9620
Jun ’24€12.86
€24.35
+89.3%
22.0%€32.68€15.87€14.8720
May ’24€15.17
€26.07
+71.8%
17.5%€36.49€19.16€10.5221
Apr ’24€18.83
€27.54
+46.2%
16.5%€37.74€19.81€10.4621
Mar ’24€21.08
€27.54
+30.7%
16.5%€37.74€19.81€8.3321
Feb ’24€22.70
€26.20
+15.4%
18.3%€37.06€18.53€10.6822
Jan ’24€17.50
€26.89
+53.6%
18.3%€37.71€18.86€13.7121
Dec ’23n/a
€28.03
0%
18.6%€39.90€19.95€13.7520
Nov ’23n/a
€29.53
0%
19.2%€40.52€20.26€9.5220

Analyst Forecast: Target price is lower than the current share price.

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