EnerSys Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: FDN (€88.8) is trading below our estimate of fair value (€100.58)

Significantly Below Fair Value: FDN 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 FDN?

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

The above table shows the Price to Earnings ratio for FDN. This is calculated by dividing FDN's market cap by their current earnings.
What is FDN's PE Ratio?
PE Ratio13.1x
EarningsUS$289.45m
Market CapUS$3.75b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FDN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average55.4x
SGL SGL Carbon
7.4x17.7%€507.4m
OSR OSRAM Licht
81.3xn/a€4.8b
F3C SFC Energy
11.9x4.2%€278.5m
NDX1 Nordex
121.1x63.7%€2.7b
FDN EnerSys
13.1x13.5%€3.8b

Price-To-Earnings vs Peers: FDN is good value based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (55.4x).


Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FDN 13.1xIndustry Avg. 16.6xNo. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FDN is good value based on its Price-To-Earnings Ratio (13.1x) compared to the European Electrical industry average (17x).


Price to Earnings Ratio vs Fair Ratio

What is FDN'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.

FDN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.1x
Fair PE Ratio16.4x

Price-To-Earnings vs Fair Ratio: FDN is good value based on its Price-To-Earnings Ratio (13.1x) compared to the estimated Fair Price-To-Earnings Ratio (16.4x).


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 FDN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€88.80
€106.07
+19.5%
6.5%€111.42€96.31n/a3
Nov ’25€88.50
€106.07
+19.9%
6.5%€111.42€96.31n/a3
Oct ’25€90.95
€106.61
+17.2%
1.5%€108.19€104.35n/a3
Sep ’25€90.95
€106.61
+17.2%
1.5%€108.19€104.35n/a3
Aug ’25€96.35
€116.28
+20.7%
7.3%€124.73€107.83n/a2
Jul ’25€95.70
€107.72
+12.6%
15.4%€124.29€91.15n/a2
Jun ’25€100.00
€107.72
+7.7%
15.4%€124.29€91.15n/a2
May ’25€84.60
€97.39
+15.1%
5.7%€105.22€93.01n/a3
Apr ’25€87.50
€97.05
+10.9%
6.2%€103.46€90.64n/a4
Mar ’25€84.00
€99.64
+18.6%
5.0%€104.86€92.80n/a4
Feb ’25€89.50
€98.91
+10.5%
5.0%€104.10€92.12n/a4
Jan ’25€92.50
€95.21
+2.9%
9.4%€105.43€82.71n/a4
Dec ’24€83.50
€96.63
+15.7%
8.1%€104.82€85.17n/a4
Nov ’24€81.00
€107.72
+33.0%
12.8%€120.95€85.99€88.504
Oct ’24€89.00
€112.66
+26.6%
3.8%€116.93€106.88€90.953
Sep ’24€97.00
€112.66
+16.1%
3.8%€116.93€106.88€90.953
Aug ’24€98.00
€113.11
+15.4%
5.9%€122.01€105.98€96.353
Jul ’24€99.50
€111.52
+12.1%
2.5%€114.26€108.78€95.702
Jun ’24€91.50
€97.88
+7.0%
4.8%€102.54€93.22€100.002
May ’24€75.00
€93.17
+24.2%
0.5%€93.64€92.70€84.602
Apr ’24€79.00
€93.17
+17.9%
0.5%€93.64€92.70€87.502
Mar ’24€85.50
€93.17
+9.0%
0.5%€93.64€92.70€84.002
Feb ’24€77.00
€78.57
+2.0%
0.6%€79.03€78.12€89.502
Jan ’24€68.00
€79.85
+17.4%
0.6%€80.32€79.38€92.502
Dec ’23€71.50
€87.85
+22.9%
8.6%€98.47€82.06€83.503
Nov ’23€66.50
€91.65
+37.8%
15.2%€111.41€81.77€81.003

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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