Sunrun Inc.

DB:3S9 Stock Report

Market Cap: €2.3b

Sunrun Valuation

Is 3S9 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 3S9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 3S9's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 3S9's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3S9?

Key metric: As 3S9 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3S9. This is calculated by dividing 3S9's market cap by their current revenue.
What is 3S9's PS Ratio?
PS Ratio1.2x
SalesUS$2.04b
Market CapUS$2.36b

Price to Sales Ratio vs Peers

How does 3S9's PS Ratio compare to its peers?

The above table shows the PS ratio for 3S9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.3x
SGL SGL Carbon
0.5x6.9%€502.5m
CEA FRIWO
2.3xn/a€213.9m
F3C SFC Energy
2.1x20.0%€289.3m
VAR1 Varta
0.1x4.3%€95.7m
3S9 Sunrun
1.2x13.3%€2.4b

Price-To-Sales vs Peers: 3S9 is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does 3S9's PS Ratio compare vs other companies in the DE Electrical Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
VAR1 Varta
0.1x4.3%US$99.64m
C0M Compleo Charging Solutions
0.1x27.6%US$15.58m
No more companies available in this PS range
3S9 1.2xIndustry Avg. 1.0xNo. of Companies3PS00.81.62.43.24+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3S9 is expensive based on its Price-To-Sales Ratio (1.2x) compared to the European Electrical industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is 3S9'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.

3S9 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.2x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: 3S9 is expensive based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

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 3S9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€10.03
€18.29
+82.2%
31.9%€36.49€10.56n/a24
Nov ’25€13.50
€20.83
+54.3%
28.3%€35.09€12.01n/a25
Oct ’25€15.66
€20.26
+29.4%
29.2%€34.13€11.68n/a25
Sep ’25€18.51
€19.97
+7.9%
28.6%€34.19€11.70n/a26
Aug ’25€16.15
€18.82
+16.6%
35.7%€38.71€11.06n/a27
Jul ’25€10.12
€18.37
+81.5%
37.5%€39.12€11.18n/a27
Jun ’25€13.32
€18.14
+36.2%
37.7%€38.98€11.14n/a26
May ’25€9.62
€18.99
+97.5%
40.1%€40.22€11.22n/a27
Apr ’25€12.09
€19.76
+63.4%
36.5%€39.72€11.08n/a28
Mar ’25€11.18
€19.91
+78.1%
36.4%€39.65€11.06n/a27
Feb ’25€13.64
€21.05
+54.4%
38.5%€39.56€9.20n/a26
Jan ’25€18.26
€19.79
+8.4%
41.3%€39.32€9.14n/a28
Dec ’24€13.13
€18.45
+40.5%
42.6%€39.29€9.14n/a27
Nov ’24€8.64
€24.56
+184.3%
45.5%€54.88€11.35€13.5026
Oct ’24€11.84
€31.64
+167.2%
32.7%€56.27€19.69€15.6625
Sep ’24€14.62
€31.24
+113.7%
32.4%€55.30€19.36€18.5125
Aug ’24€17.31
€31.00
+79.1%
31.9%€54.24€18.08€16.1525
Jul ’24€16.27
€32.78
+101.4%
29.2%€55.09€22.95€10.1225
Jun ’24€17.15
€32.98
+92.3%
29.2%€55.99€23.33€13.3225
May ’24€19.07
€34.37
+80.2%
30.5%€59.17€20.94€9.6226
Apr ’24€18.33
€37.31
+103.6%
29.7%€59.60€24.76€12.0924
Mar ’24€22.67
€39.46
+74.1%
27.4%€60.96€25.32€11.1823
Feb ’24€24.81
€40.71
+64.1%
27.3%€64.39€27.60€13.6422
Jan ’24€21.97
€43.47
+97.9%
28.3%€67.76€26.35€18.2624
Dec ’23€29.33
€43.84
+49.5%
28.4%€68.40€26.60€13.1324
Nov ’23€22.55
€48.46
+114.9%
27.9%€80.02€26.34€8.6422

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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