Fluence Energy, Inc.

DB:98W Stock Report

Market Cap: €2.2b

Fluence Energy Valuation

Is 98W undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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 98W when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 98W (€11.48) is trading below our estimate of future cash flow value (€15.49)

Significantly Below Future Cash Flow Value: 98W is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 98W?

Key metric: As 98W is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 98W. This is calculated by dividing 98W's market cap by their current revenue.
What is 98W's PS Ratio?
PS Ratio0.7x
SalesUS$2.58b
Market CapUS$2.48b

Price to Sales Ratio vs Peers

How does 98W's PS Ratio compare to its peers?

The above table shows the PS ratio for 98W vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2x
PFSE PFISTERER Holding
3x11.17%€1.4b
S92 SMA Solar Technology
1.3x7.71%€1.9b
1AST ASTA Energy Solutions
1.2x10.45%€859.9m
F3C SFC Energy
2.4x13.39%€338.2m
98W Fluence Energy
0.7x18.89%€2.5b

Price-To-Sales vs Peers: 98W is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (2x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does 98W's PS Ratio compare vs other companies in the DE Electrical Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
VAR1 Varta
0.06x4.49%US$56.04m
C0M Compleo Charging Solutions
0.1x27.62%US$15.58m
ET10 Cleen Energy
0.2xn/aUS$1.57m
No more companies available in this PS range
98W 0.7xIndustry Avg. 1.4xNo. of Companies4PS01.22.43.64.86+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 98W is good value based on its Price-To-Sales Ratio (0.7x) compared to the European Electrical industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 98W'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.

98W PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: 98W is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).

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 98W forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.72
€16.36
+39.59%
26.18%€24.54€7.89n/a18
Jul ’27€16.06
€16.28
+1.36%
28.23%€24.52€7.88n/a17
Jun ’27€23.20
€15.93
-31.32%
28.23%€24.00€7.71n/a17
May ’27€10.26
€12.98
+26.50%
28.35%€21.30€6.82n/a17
Apr ’27€11.15
€16.11
+44.52%
27.90%€24.32€7.82n/a18
Mar ’27€12.80
€15.87
+23.96%
33.00%€26.95€7.58n/a19
Feb ’27€25.60
€15.90
-37.87%
34.66%€25.11€6.70n/a19
Jan ’27€16.90
€14.04
-16.92%
32.49%€22.05€6.79n/a19
Dec ’26€16.60
€11.58
-30.26%
36.43%€21.57€6.47n/a19
Nov ’26€18.10
€9.05
-50.00%
37.89%€14.62€1.72n/a19
Oct ’26€11.30
€6.52
-42.32%
26.80%€9.36€1.70n/a19
Sep ’26€6.20
€6.62
+6.78%
29.64%€10.32€1.72n/a20
Aug ’26€6.64
€7.43
+11.88%
62.17%€25.51€1.70n/a21
Jul ’26€6.18
€6.46
+4.50%
73.87%€25.45€1.70€16.0622
Jun ’26€4.10
€6.67
+62.59%
74.65%€26.42€1.76€23.2022
May ’26€3.58
€6.82
+90.50%
71.04%€26.57€1.77€10.2625
Apr ’26€4.39
€11.11
+153.08%
54.08%€30.50€5.55€11.1525
Mar ’26€5.44
€11.65
+114.07%
54.00%€31.53€5.73€12.8024
Feb ’26€12.45
€24.05
+93.16%
24.84%€45.14€14.41€25.6025
Jan ’26€15.50
€25.83
+66.64%
20.60%€45.35€18.33€16.9026
Dec ’25n/a
€25.81
0%
20.66%€44.49€17.98€16.6026
Nov ’25n/a
€25.69
0%
22.75%€43.54€13.89€18.1026
Oct ’25n/a
€24.67
0%
24.26%€42.46€13.55€11.3026
Sep ’25n/a
€25.09
0%
24.67%€43.00€13.72€6.2026
Aug ’25n/a
€25.65
0%
24.94%€43.42€13.86€6.6425
Jul ’25n/a
€26.92
0%
23.57%€43.75€13.96€6.1823
€15.86
Fair Value
27.6% undervalued intrinsic discount
18
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/27 00:18
End of Day Share Price 2026/07/27 00:00
Earnings2026/03/31
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fluence Energy, Inc. is covered by 30 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin KalloBaird
Christine ChoBarclays
Moses SuttonBarclays