Array Technologies Valuation

Is 9AY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 9AY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9AY (€5.72) is trading below our estimate of fair value (€20.29)

Significantly Below Fair Value: 9AY is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9AY?

Other financial metrics that can be useful for relative valuation.

9AY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.6x
Enterprise Value/EBITDA11.1x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does 9AY's PE Ratio compare to its peers?

The above table shows the PE ratio for 9AY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.1x
SGL SGL Carbon
7.9x18.3%€637.0m
F3C SFC Energy
14.5x2.3%€349.9m
OSR OSRAM Licht
79.7xn/a€4.7b
EKT Energiekontor
10.3x10.7%€761.5m
9AY Array Technologies
57.7x36.6%€960.2m

Price-To-Earnings vs Peers: 9AY is expensive based on its Price-To-Earnings Ratio (57.7x) compared to the peer average (28.1x).


Price to Earnings Ratio vs Industry

How does 9AY's PE Ratio compare vs other companies in the European Electrical Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a29.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a29.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 9AY is expensive based on its Price-To-Earnings Ratio (57.7x) compared to the European Electrical industry average (16.5x).


Price to Earnings Ratio vs Fair Ratio

What is 9AY'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.

9AY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio57.7x
Fair PE Ratio29.2x

Price-To-Earnings vs Fair Ratio: 9AY is expensive based on its Price-To-Earnings Ratio (57.7x) compared to the estimated Fair Price-To-Earnings Ratio (29.2x).


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 9AY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.72
€11.79
+106.0%
31.6%€20.85€7.25n/a26
Sep ’25€6.10
€12.08
+98.0%
31.0%€20.67€7.19n/a27
Aug ’25€9.66
€16.48
+70.6%
22.2%€24.95€10.16n/a27
Jul ’25€8.95
€18.32
+104.6%
26.3%€33.61€11.20n/a28
Jun ’25€13.03
€18.28
+40.3%
25.9%€33.18€11.06n/a27
May ’25€11.62
€19.10
+64.3%
26.9%€33.82€11.27n/a26
Apr ’25€13.63
€18.77
+37.7%
27.6%€33.25€11.08n/a25
Mar ’25€12.46
€19.09
+53.2%
27.5%€33.22€11.07n/a24
Feb ’25€12.63
€22.71
+79.8%
26.1%€33.32€13.88n/a24
Jan ’25€15.38
€23.36
+51.9%
21.6%€32.69€15.44n/a24
Dec ’24€14.12
€24.22
+71.6%
19.4%€34.68€15.51n/a23
Nov ’24€15.82
€28.71
+81.5%
17.1%€35.79€19.78n/a22
Oct ’24€21.88
€29.24
+33.6%
17.4%€35.98€17.04€5.9521
Sep ’24€22.90
€27.59
+20.5%
18.2%€35.02€14.75€6.1021
Aug ’24€17.47
€25.53
+46.1%
16.8%€33.48€14.48€9.6621
Jul ’24€20.68
€25.58
+23.7%
16.3%€33.90€15.58€8.9520
Jun ’24€20.48
€25.61
+25.1%
15.2%€32.66€15.86€13.0319
May ’24€18.62
€25.03
+34.4%
14.9%€32.07€15.58€11.6219
Apr ’24€18.84
€25.25
+34.0%
15.7%€32.27€14.75€13.6318
Mar ’24€17.48
€25.99
+48.7%
16.9%€33.76€15.01€12.4617
Feb ’24€19.38
€24.73
+27.6%
20.4%€33.36€14.83€12.6316
Jan ’24€17.56
€25.24
+43.7%
20.9%€33.91€15.07€15.3815
Dec ’23€19.91
€26.74
+34.3%
22.5%€35.96€15.98€14.1213
Nov ’23€18.46
€26.42
+43.1%
19.7%€35.77€17.38€15.8213
Oct ’23€17.00
€26.40
+55.3%
19.4%€34.92€16.96€21.8813

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.


Discover undervalued companies