HELLENiQ ENERGY Holdings S.A.

DB:HLPN Stock Report

Market Cap: €2.0b

HELLENiQ ENERGY Holdings Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: HLPN (€6.74) is trading above our estimate of fair value (€5.73)

Significantly Below Fair Value: HLPN is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HLPN. This is calculated by dividing HLPN's market cap by their current earnings.
What is HLPN's PE Ratio?
PE Ratio75.3x
Earnings€27.10m
Market Cap€2.04b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HLPN 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
82.6xn/a€1.2b
CE2 CropEnergies
15.3x-7.5%€1.0b
VH2 Friedrich Vorwerk Group
19.8x12.9%€557.0m
ETG EnviTec Biogas
9xn/a€448.5m
HLPN HELLENiQ ENERGY Holdings
75.3x25.0%€2.0b

Price-To-Earnings vs Peers: HLPN is expensive based on its Price-To-Earnings Ratio (75.3x) compared to the peer average (31.8x).

Price to Earnings Ratio vs Industry

How does HLPN's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HLPN 75.3xIndustry Avg. 9.2xNo. of Companies17PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HLPN is expensive based on its Price-To-Earnings Ratio (75.3x) compared to the European Oil and Gas industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is HLPN'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.

HLPN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio75.3x
Fair PE Ratio24.3x

Price-To-Earnings vs Fair Ratio: HLPN is expensive based on its Price-To-Earnings Ratio (75.3x) compared to the estimated Fair Price-To-Earnings Ratio (24.3x).

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 HLPN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.74
€7.86
+16.7%
14.7%€9.70€6.30n/a8
Nov ’25€6.84
€7.86
+14.9%
14.8%€9.70€6.30n/a8
Oct ’25€6.92
€8.19
+18.4%
14.2%€9.70€6.30n/a8
Sep ’25€6.94
€8.25
+18.9%
13.5%€9.70€6.30n/a8
Aug ’25€7.33
€8.42
+14.9%
10.3%€9.70€7.20n/a8
Jul ’25€7.76
€8.48
+9.3%
10.8%€9.70€7.20n/a7
Jun ’25€8.35
€8.44
+1.1%
10.2%€9.50€7.20n/a7
May ’25€8.16
€8.26
+1.3%
9.7%€9.40€7.20n/a6
Apr ’25€8.44
€8.26
-2.1%
9.7%€9.40€7.20n/a6
Mar ’25€8.30
€7.93
-4.5%
15.1%€9.40€6.40n/a6
Feb ’25€7.29
€8.15
+11.8%
15.7%€9.70€6.40n/a7
Jan ’25€7.22
€7.95
+10.0%
15.0%€9.40€6.40n/a6
Dec ’24€7.60
€7.80
+2.6%
14.7%€9.40€6.40n/a6
Nov ’24€6.87
€7.73
+12.6%
16.0%€9.40€6.00€6.846
Oct ’24€7.44
€7.54
+1.3%
16.6%€9.50€6.00€6.925
Sep ’24€8.04
€7.82
-2.8%
16.6%€9.50€6.00€6.946
Aug ’24€8.11
€7.82
-3.6%
16.6%€9.50€6.00€7.336
Jul ’24€7.78
€7.77
-0.2%
16.7%€9.50€6.00€7.766
Jun ’24€7.96
€8.18
+2.8%
12.6%€9.50€6.70€8.355
May ’24€7.18
€8.28
+15.3%
12.3%€9.50€6.70€8.165
Apr ’24€7.33
€8.28
+12.9%
12.3%€9.50€6.70€8.445
Mar ’24€8.25
€8.67
+5.1%
8.3%€9.50€7.70€8.304
Feb ’24€7.54
€8.63
+14.4%
9.1%€9.50€7.50€7.294
Jan ’24€7.37
€8.48
+15.0%
8.4%€9.50€7.50€7.224
Dec ’23€7.03
€8.17
+16.3%
5.0%€8.60€7.50€7.604
Nov ’23€6.52
€8.10
+24.2%
6.6%€8.60€7.20€6.874

Analyst Forecast: Target price is less than 20% higher than the current share price.

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