Northland Power Inc.

DB:1NR Stock Report

Market Cap: €4.0b

Northland Power Valuation

Is 1NR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 1NR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€24.65
Fair Value
36.8% undervalued intrinsic discount
13
Number of Analysts

Below Fair Value: 1NR (€15.59) is trading below our estimate of fair value (€24.65)

Significantly Below Fair Value: 1NR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1NR?

Key metric: As 1NR is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 1NR. This is calculated by dividing 1NR's market cap by their current revenue.
What is 1NR's PS Ratio?
PS Ratio2.9x
SalesCA$2.23b
Market CapCA$6.49b

Price to Sales Ratio vs Peers

How does 1NR's PS Ratio compare to its peers?

The above table shows the PS ratio for 1NR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.5x
AB9 ABO Energy GmbH KGaA
0.6x5.48%€320.9m
HRPK 7C Solarparken
1.9x-1.31%€129.4m
ABO clearvise
3x4.69%€107.8m
MNV6 Mainova
0.6xn/a€2.2b
1NR Northland Power
2.9x6.02%€6.5b

Price-To-Sales vs Peers: 1NR is expensive based on its Price-To-Sales Ratio (2.9x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does 1NR's PS Ratio compare vs other companies in the European Renewable Energy Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
1NR 2.9xIndustry Avg. 2.4xNo. of Companies13PS0246810+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 1NR is expensive based on its Price-To-Sales Ratio (2.9x) compared to the European Renewable Energy industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 1NR'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.

1NR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.9x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: 1NR is expensive based on its Price-To-Sales Ratio (2.9x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).

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 1NR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.59
€16.98
+8.92%
7.85%€19.06€14.14n/a13
Oct ’26€14.18
€16.91
+19.22%
7.72%€18.98€14.08n/a13
Sep ’26€13.63
€16.92
+24.21%
6.64%€18.59€14.25n/a13
Aug ’26€14.09
€17.17
+21.88%
9.47%€18.85€12.88n/a14
Jul ’26€13.73
€16.85
+22.75%
9.99%€18.79€12.84n/a14
Jun ’26€13.05
€17.18
+31.67%
9.92%€19.11€13.06n/a14
May ’26€11.71
€17.22
+47.08%
10.16%€19.05€13.02n/a14
Apr ’26€12.42
€18.02
+45.11%
11.28%€22.67€15.22n/a14
Mar ’26€12.79
€18.55
+45.00%
11.28%€23.33€15.66n/a14
Feb ’26€10.80
€18.73
+73.47%
12.44%€23.30€15.31n/a14
Jan ’26€11.85
€19.50
+64.55%
11.66%€23.42€15.39n/a14
Dec ’25€13.49
€19.79
+46.78%
11.41%€23.60€15.51n/a14
Nov ’25€13.74
€19.95
+45.26%
10.64%€23.46€15.41n/a13
Oct ’25€15.96
€19.56
+22.57%
8.98%€23.44€15.40€14.1814
Sep ’25€13.72
€19.88
+44.95%
6.91%€23.43€18.08€13.6313
Aug ’25€15.40
€20.24
+31.40%
6.42%€23.73€18.98€14.0913
Jul ’25€16.35
€20.07
+22.77%
5.77%€22.92€18.88€13.7313
Jun ’25€15.35
€19.88
+29.56%
6.47%€22.94€18.22€13.0513
May ’25€14.39
€19.79
+37.54%
5.95%€21.77€18.37€11.7113
Apr ’25€14.90
€20.42
+37.03%
6.68%€23.27€18.48€12.4212
Mar ’25€16.06
€20.42
+27.13%
6.68%€23.27€18.48€12.7912
Feb ’25€16.54
€21.06
+27.32%
8.67%€23.90€18.44€10.8012
Jan ’25€16.92
€21.62
+27.78%
12.93%€29.41€18.46€11.8513
Dec ’24€15.40
€21.51
+39.66%
12.78%€29.11€18.28€13.4913
Nov ’24€13.40
€22.01
+64.28%
12.28%€29.30€18.40€13.7413
Oct ’24€15.36
€24.14
+57.18%
12.31%€29.95€20.20€15.9615
€17.11
Fair Value
8.9% undervalued intrinsic discount
13
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/23 05:01
End of Day Share Price 2025/10/23 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Northland Power Inc. is covered by 26 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Nathan HeywoodATB Capital Markets
Benjamin PhamBMO Capital Markets Equity Research