Enapter Valuation

Is H2O undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 H2O when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: H2O (€4.09) is trading below our estimate of fair value (€65.56)

Significantly Below Fair Value: H2O is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for H2O?

Other financial metrics that can be useful for relative valuation.

H2O 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/Revenue3.8x
Enterprise Value/EBITDA-39.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does H2O's PS Ratio compare to its peers?

The above table shows the PS ratio for H2O vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.4x
2GB 2G Energy
1.1x11.5%€408.1m
EKT Energiekontor
3.7x23.1%€903.5m
8.5x17.8%€1.0b
NDX1 Nordex
0.4x5.6%€3.1b
H2O Enapter
3.1x40.8%€110.1m

Price-To-Sales vs Peers: H2O is good value based on its Price-To-Sales Ratio (3.1x) compared to the peer average (3.4x).


Price to Earnings Ratio vs Industry

How does H2O's PE Ratio compare vs other companies in the DE Electrical Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a59.6%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a59.6%
n/an/an/a
No more companies

Price-To-Sales vs Industry: H2O is expensive based on its Price-To-Sales Ratio (3.1x) compared to the European Electrical industry average (1.1x).


Price to Sales Ratio vs Fair Ratio

What is H2O'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.

H2O PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.1x
Fair PS Ratio5.3x

Price-To-Sales vs Fair Ratio: H2O is good value based on its Price-To-Sales Ratio (3.1x) compared to the estimated Fair Price-To-Sales Ratio (5.3x).


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 H2O forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.09
€14.50
+254.5%
15.0%€17.00€11.00n/a4
Jul ’25€4.46
€14.50
+225.1%
15.0%€17.00€11.00n/a4
Jun ’25€5.00
€14.50
+190.0%
15.0%€17.00€11.00n/a4
May ’25€5.28
€16.88
+219.6%
21.0%€22.50€13.00n/a4
Apr ’25€5.54
€16.88
+204.6%
21.0%€22.50€13.00n/a4
Mar ’25€7.32
€17.63
+140.8%
21.5%€22.50€13.00n/a4
Feb ’25€8.30
€17.63
+112.3%
21.5%€22.50€13.00n/a4
Jan ’25€9.30
€18.00
+93.5%
11.8%€20.00€15.00n/a4
Dec ’24€8.80
€18.00
+104.5%
11.8%€20.00€15.00n/a4
Nov ’24€10.85
€18.00
+65.9%
11.8%€20.00€15.00n/a4
Oct ’24€12.15
€17.33
+42.7%
11.9%€20.00€15.00n/a3
Sep ’24€12.60
€19.50
+54.8%
2.6%€20.00€19.00n/a2
Aug ’24€11.70
€19.50
+66.7%
2.6%€20.00€19.00n/a2
Jul ’24€12.75
€20.50
+60.8%
7.3%€22.00€19.00€4.462
Jun ’24€11.70
€21.00
+79.5%
4.8%€22.00€20.00€5.002
May ’24€12.85
€21.00
+63.4%
4.8%€22.00€20.00€5.282
Apr ’24€14.80
€21.00
+41.9%
4.8%€22.00€20.00€5.542
Mar ’24€13.55
€21.00
+55.0%
4.8%€22.00€20.00€7.322
Feb ’24€16.15
€21.00
+30.0%
4.8%€22.00€20.00€8.302
Jan ’24€13.95
€21.00
+50.5%
4.8%€22.00€20.00€9.302

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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