Select Water Solutions, Inc.

DB:18RA Stock Report

Market Cap: €1.5b

Select Water Solutions Valuation

Is 18RA 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-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 18RA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 18RA (€13.18) is trading below our estimate of fair value (€14.18)

Significantly Below Fair Value: 18RA 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 18RA?

Key metric: As 18RA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 18RA. This is calculated by dividing 18RA's market cap by their current earnings.
What is 18RA's PE Ratio?
PE Ratio23.7x
EarningsUS$59.88m
Market CapUS$1.58b

Price to Earnings Ratio vs Peers

How does 18RA's PE Ratio compare to its peers?

The above table shows the PE ratio for 18RA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.7x
CE2 CropEnergies
15.3x-7.5%€1.0b
CE2 CropEnergies
83.2xn/a€1.2b
VH2 Friedrich Vorwerk Group
19.5x12.9%€548.0m
ETG EnviTec Biogas
8.7xn/a€433.6m
18RA Select Water Solutions
23.7x49.9%€1.6b

Price-To-Earnings vs Peers: 18RA is good value based on its Price-To-Earnings Ratio (23.7x) compared to the peer average (31.7x).

Price to Earnings Ratio vs Industry

How does 18RA's PE Ratio compare vs other companies in the European Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
18RA 23.7xIndustry Avg. 8.9xNo. of Companies8PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 18RA is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the European Energy Services industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is 18RA'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.

18RA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.7x
Fair PE Ratio37.4x

Price-To-Earnings vs Fair Ratio: 18RA is good value based on its Price-To-Earnings Ratio (23.7x) compared to the estimated Fair Price-To-Earnings Ratio (37.4x).

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 18RA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€13.18
€15.69
+19.1%
9.8%€17.96€13.23n/a5
Dec ’25€13.88
€15.63
+12.7%
9.8%€17.89€13.19n/a5
Nov ’25€9.69
€13.17
+35.9%
2.8%€13.82€12.89n/a5
Oct ’25€10.06
€12.55
+24.8%
3.5%€13.09€11.74n/a5
Sep ’25€10.23
€12.55
+22.7%
3.5%€13.09€11.74n/a5
Aug ’25€10.95
€11.62
+6.1%
8.1%€12.93€10.16n/a6
Jul ’25€9.76
€11.37
+16.5%
6.6%€12.07€10.21n/a6
Jun ’25€9.86
€11.37
+15.3%
6.6%€12.07€10.21n/a6
May ’25€8.74
€10.52
+20.4%
10.8%€12.16€8.42n/a6
Apr ’25€8.55
€10.31
+20.6%
11.8%€11.97€8.28n/a5
Mar ’25€7.95
€10.21
+28.5%
14.3%€12.01€7.62n/a5
Feb ’25€7.20
€10.41
+44.6%
15.5%€12.03€7.64n/a5
Jan ’25€6.80
€10.40
+53.0%
14.3%€12.24€7.77€12.055
Dec ’24€6.75
€10.40
+54.1%
14.3%€12.24€7.77€13.885
Nov ’24€7.00
€10.50
+50.1%
13.5%€12.30€8.04€9.695
Oct ’24€7.60
€10.26
+35.0%
13.5%€12.02€7.86€10.065
Sep ’24€7.30
€10.26
+40.6%
13.5%€12.02€7.86€10.235
Aug ’24€7.55
€10.27
+36.0%
19.8%€13.39€7.59€10.955
Jul ’24€7.30
€10.58
+45.0%
21.2%€13.93€7.43€9.765
Jun ’24€6.65
€10.58
+59.2%
21.2%€13.93€7.43€9.865
May ’24€6.40
€10.28
+60.7%
24.6%€13.90€6.02€8.745
Apr ’24€6.10
€10.28
+68.6%
24.6%€13.90€6.02€8.555
Mar ’24€6.75
€11.13
+64.8%
20.3%€14.05€7.96€7.954
Feb ’24€7.75
€11.28
+45.6%
20.3%€14.25€8.08€7.204
Jan ’24€8.30
€10.48
+26.3%
15.0%€12.25€8.01€6.804

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 14:19
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Select Water Solutions, Inc. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John LoweBofA Global Research
Thomas CurranB. Riley Securities, Inc.
Scott GruberCitigroup Inc