Xcel Energy Inc.

WBAG:XCEL Stock Report

Market Cap: €39.3b

Xcel Energy Valuation

Is XCEL 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: XCEL (€68.59) is trading below our estimate of fair value (€69.58)

Significantly Below Fair Value: XCEL 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 XCEL?

Key metric: As XCEL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for XCEL. This is calculated by dividing XCEL's market cap by their current earnings.
What is XCEL's PE Ratio?
PE Ratio21.8x
EarningsUS$1.88b
Market CapUS$40.97b

Price to Earnings Ratio vs Peers

How does XCEL's PE Ratio compare to its peers?

The above table shows the PE ratio for XCEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.8x
VER VERBUND
15.7x-11.9%€26.3b
EVN EVN
7.5x-7.7%€4.4b
EXC Exelon
16x7.0%US$38.9b
POWERGRID Power Grid Corporation of India
19.9x6.1%₹3.1t
XCEL Xcel Energy
21.8x10.3%€41.0b

Price-To-Earnings vs Peers: XCEL is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the peer average (14.8x).

Price to Earnings Ratio vs Industry

How does XCEL's PE Ratio compare vs other companies in the European Electric Utilities Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
XCEL 21.8xIndustry Avg. 12.7xNo. of Companies10PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: XCEL is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the European Electric Utilities industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

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

XCEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.8x
Fair PE Ratio13.9x

Price-To-Earnings vs Fair Ratio: XCEL is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).

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 XCEL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€68.59
€67.82
-1.1%
5.2%€74.90€58.58n/a16
Nov ’25€62.22
€64.67
+3.9%
5.9%€71.06€56.29n/a17
Oct ’25€59.23
€60.03
+1.4%
6.4%€65.56€51.19n/a17
Sep ’25€55.32
€58.55
+5.8%
5.9%€65.23€50.93n/a16
Aug ’25€53.17
€58.27
+9.6%
6.6%€66.43€52.59n/a16
Jul ’25€49.33
€58.47
+18.5%
7.1%€67.33€53.31n/a16
Jun ’25€50.77
€57.74
+13.7%
7.1%€66.29€52.48n/a16
May ’25€50.32
€58.49
+16.2%
7.3%€67.45€53.40n/a16
Apr ’25€49.68
€56.95
+14.6%
9.3%€64.87€49.33n/a15
Mar ’25€49.06
€60.38
+23.1%
7.1%€69.21€54.45n/a14
Feb ’25€55.60
€60.74
+9.2%
6.5%€69.25€56.32n/a14
Jan ’25€55.78
€59.04
+5.9%
6.8%€67.67€53.04n/a14
Dec ’24€56.12
€58.20
+3.7%
7.5%€67.44€52.86n/a14
Nov ’24€56.72
€59.93
+5.7%
7.7%€69.92€54.80€62.2214
Oct ’24€54.36
€61.96
+14.0%
8.0%€70.00€54.86€59.2314
Sep ’24€52.61
€61.73
+17.3%
8.5%€70.32€54.59€55.3214
Aug ’24€57.27
€62.82
+9.7%
6.3%€69.20€53.72€53.1713
Jul ’24€56.32
€63.56
+12.9%
7.3%€71.61€54.17€49.3313
Jun ’24€60.26
€67.11
+11.4%
7.4%€73.64€55.93€50.7713
May ’24€63.06
€66.11
+4.8%
6.5%€71.69€54.45€50.3213
Apr ’24€61.79
€66.56
+7.7%
7.2%€72.49€54.83€49.6813
Mar ’24€59.09
€68.65
+16.2%
6.7%€74.51€55.65€49.0614
Feb ’24€63.00
€67.23
+6.7%
6.4%€72.83€54.39€55.6014
Jan ’24€66.42
€66.26
-0.2%
7.3%€74.25€55.45€55.7814
Dec ’23€67.32
€66.15
-1.7%
6.8%€73.97€55.71€56.1215
Nov ’23€66.48
€67.84
+2.1%
7.9%€77.28€58.21€56.7215

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

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