Surge Energy Inc.

DB:41Z0 Stock Report

Market Cap: €389.6m

Surge Energy Valuation

Is 41Z0 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 41Z0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 41Z0 (€3.74) is trading below our estimate of fair value (€6.34)

Significantly Below Fair Value: 41Z0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 41Z0?

Key metric: As 41Z0 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 41Z0. This is calculated by dividing 41Z0's market cap by their current revenue.
What is 41Z0's PS Ratio?
PS Ratio1.1x
SalesCA$549.07m
Market CapCA$577.29m

Price to Sales Ratio vs Peers

How does 41Z0's PS Ratio compare to its peers?

The above table shows the PS ratio for 41Z0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
DR0 Deutsche Rohstoff
0.7x-3.7%€169.1m
VH2 Friedrich Vorwerk Group
1.2x10.2%€546.0m
ETG EnviTec Biogas
1xn/a€470.7m
VBK Verbio
0.5x7.7%€733.1m
41Z0 Surge Energy
1.1x-3.4%€577.3m

Price-To-Sales vs Peers: 41Z0 is expensive based on its Price-To-Sales Ratio (1.1x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does 41Z0's PS Ratio compare vs other companies in the European Oil and Gas Industry?

29 CompaniesPrice / SalesEstimated GrowthMarket Cap
41Z0 1.1xIndustry Avg. 1.2xNo. of Companies29PS012345+
29 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 41Z0 is good value based on its Price-To-Sales Ratio (1.1x) compared to the European Oil and Gas industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is 41Z0'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.

41Z0 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: 41Z0 is good value based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

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 41Z0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.74
€7.50
+100.5%
15.0%€9.33€5.77n/a10
Nov ’25€3.70
€7.52
+103.3%
14.9%€9.15€5.99n/a10
Oct ’25€3.80
€7.79
+104.9%
12.7%€9.11€5.96n/a9
Sep ’25€4.38
€7.99
+82.4%
10.1%€9.20€7.02n/a9
Aug ’25€4.52
€7.99
+76.7%
10.1%€9.20€7.02n/a9
Jul ’25€4.60
€8.09
+75.8%
10.8%€9.40€6.83n/a9
Jun ’25€4.70
€8.00
+70.2%
10.2%€9.30€6.77n/a10
May ’25€5.25
€8.00
+52.3%
10.2%€9.36€6.80n/a10
Apr ’25€5.05
€7.79
+54.3%
11.8%€9.34€6.79n/a10
Mar ’25€4.50
€8.46
+87.9%
17.4%€11.02€6.89n/a9
Feb ’25€4.26
€8.57
+101.2%
15.2%€11.01€6.88n/a10
Jan ’25€4.28
€9.22
+115.5%
10.0%€10.93€7.51n/a10
Dec ’24€5.05
€8.97
+77.6%
9.8%€10.70€7.36n/a11
Nov ’24€6.30
€9.17
+45.5%
10.1%€10.96€7.19€3.7011
Oct ’24€6.40
€9.21
+43.9%
10.6%€11.14€8.18€3.809
Sep ’24€5.70
€8.34
+46.4%
12.5%€10.84€6.10€4.3811
Aug ’24€5.55
€8.49
+53.0%
13.5%€10.99€6.18€4.5211
Jul ’24€4.80
€8.97
+86.8%
11.9%€11.07€6.92€4.6011
Jun ’24€5.05
€8.95
+77.2%
11.1%€10.97€7.54€4.7010
May ’24€5.60
€9.11
+62.7%
9.8%€10.70€8.03€5.2510
Apr ’24€5.85
€9.33
+59.5%
10.2%€10.88€8.16€5.0510
Mar ’24€5.90
€9.37
+58.8%
13.6%€11.06€7.09€4.5010
Feb ’24€6.40
€9.37
+46.4%
13.6%€11.06€7.09€4.2610
Jan ’24€5.90
€10.14
+71.9%
8.4%€11.07€8.30€4.289
Dec ’23€6.95
€10.48
+50.8%
9.6%€11.52€8.64€5.059
Nov ’23€7.45
€10.73
+44.1%
9.7%€11.89€8.92€6.309

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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