Altea Green Power S.p.A.

DB:Q51 Stock Report

Market Cap: €117.4m

Altea Green Power Valuation

Is Q51 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 Q51 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Q51 (€6.52) is trading below our estimate of fair value (€30.11)

Significantly Below Fair Value: Q51 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for Q51?

Key metric: As Q51 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for Q51. This is calculated by dividing Q51's market cap by their current earnings.
What is Q51's PE Ratio?
PE Ratio17.3x
Earnings€6.77m
Market Cap€117.38m

Price to Earnings Ratio vs Peers

How does Q51's PE Ratio compare to its peers?

The above table shows the PE ratio for Q51 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average64.4x
B5A0 BAUER
29.9x38.2%€166.1m
3SQ1 AHT Syngas Technology
34.2xn/a€31.1m
NCH2 thyssenkrupp nucera KGaA
183.5x55.9%€1.0b
HMU HMS Bergbau
10.2x8.0%€129.0m
Q51 Altea Green Power
17.3x22.1%€117.4m

Price-To-Earnings vs Peers: Q51 is good value based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (64.4x).

Price to Earnings Ratio vs Industry

How does Q51's PE Ratio compare vs other companies in the European Construction Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
Q51 17.3xIndustry Avg. 13.1xNo. of Companies18PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: Q51 is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the European Construction industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is Q51'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.

Q51 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.3x
Fair PE Ratio13.7x

Price-To-Earnings vs Fair Ratio: Q51 is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).

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 Q51 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.52
€12.85
+97.1%
11.3%€14.30€11.40n/a2
Nov ’25€6.97
€12.85
+84.4%
11.3%€14.30€11.40n/a2
Oct ’25€6.84
€12.85
+87.9%
11.3%€14.30€11.40n/a2
Sep ’25€6.57
€12.75
+94.1%
12.2%€14.30€11.20n/a2
Aug ’25€6.30
€12.75
+102.4%
12.2%€14.30€11.20n/a2
Jul ’25€6.70
€12.75
+90.3%
12.2%€14.30€11.20n/a2
Jun ’25€7.65
€12.75
+66.7%
12.2%€14.30€11.20n/a2
May ’25€7.44
€12.75
+71.4%
12.2%€14.30€11.20n/a2
Apr ’25€7.42
€12.05
+62.4%
16.2%€14.00€10.10n/a2
Mar ’25€7.96
€12.05
+51.4%
16.2%€14.00€10.10n/a2
Feb ’25€8.00
€12.05
+50.6%
16.2%€14.00€10.10n/a2
Jan ’25€7.24
€6.88
-5.0%
1.8%€7.00€6.75n/a2
Dec ’24€5.00
€6.88
+37.5%
1.8%€7.00€6.75n/a2
Nov ’24€4.20
€6.88
+63.7%
1.8%€7.00€6.75€6.972
Oct ’24€4.18
€6.10
+45.9%
1.6%€6.20€6.00€6.842
Sep ’24€3.87
€6.10
+57.6%
1.6%€6.20€6.00€6.572
Aug ’24€3.87
€6.10
+57.6%
1.6%€6.20€6.00€6.302
Jul ’24€3.60
€6.10
+69.4%
1.6%€6.20€6.00€6.702

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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