Cloudberry Clean Energy ASA

DB:52K Stock Report

Market Cap: €280.5m

Cloudberry Clean Energy Valuation

Is 52K 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-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 52K when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 52K (€0.95) is trading below our estimate of fair value (€1.29)

Significantly Below Fair Value: 52K is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 52K?

Key metric: As 52K is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 52K. This is calculated by dividing 52K's market cap by their current revenue.
What is 52K's PS Ratio?
PS Ratio8.5x
SalesNOK 385.00m
Market CapNOK 3.27b

Price to Sales Ratio vs Peers

How does 52K's PS Ratio compare to its peers?

The above table shows the PS ratio for 52K vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.5x
HRPK 7C Solarparken
2.4x1.9%€154.1m
TION Tion Renewables
4.4xn/a€149.0m
TION Tion Renewables
4.1xn/a€139.5m
ABO clearvise
3.3x13.7%€132.2m
52K Cloudberry Clean Energy
8.5x14.5%€3.3b

Price-To-Sales vs Peers: 52K is expensive based on its Price-To-Sales Ratio (8.5x) compared to the peer average (3.5x).


Price to Sales Ratio vs Industry

How does 52K's PS Ratio compare vs other companies in the European Renewable Energy Industry?

13 CompaniesPrice / SalesEstimated GrowthMarket Cap
52K 8.5xIndustry Avg. 2.6xNo. of Companies13PS0246810+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 52K is expensive based on its Price-To-Sales Ratio (8.5x) compared to the European Renewable Energy industry average (2.6x).


Price to Sales Ratio vs Fair Ratio

What is 52K'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.

52K PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8.5x
Fair PS Ratio3x

Price-To-Sales vs Fair Ratio: 52K is expensive based on its Price-To-Sales Ratio (8.5x) compared to the estimated Fair Price-To-Sales Ratio (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 52K forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.95
€1.20
+26.0%
4.5%€1.28€1.11n/a5
Nov ’25€1.00
€1.12
+12.3%
7.6%€1.25€1.00n/a5
Oct ’25€1.04
€1.13
+8.3%
8.8%€1.28€1.03n/a5
Sep ’25€1.12
€1.13
+1.1%
8.8%€1.28€1.03n/a5
Aug ’25€0.96
€1.03
+6.6%
3.4%€1.05€0.96n/a5
Jul ’25€1.05
€0.99
-5.5%
10.5%€1.05€0.79n/a5
Jun ’25€0.90
€0.99
+9.9%
11.7%€1.11€0.77n/a5
May ’25€0.75
€1.05
+40.4%
16.0%€1.27€0.76n/a5
Apr ’25€0.82
€1.13
+37.1%
12.6%€1.31€0.87n/a5
Mar ’25€0.83
€1.15
+37.8%
12.9%€1.32€0.88n/a5
Feb ’25€0.88
€1.20
+37.0%
8.5%€1.28€1.02n/a5
Jan ’25€1.02
€1.20
+18.3%
8.5%€1.28€1.02n/a5
Dec ’24€0.84
€1.19
+41.5%
8.5%€1.26€1.01n/a5
Nov ’24€0.90
€1.17
+30.3%
9.0%€1.27€1.02€1.004
Oct ’24€0.96
€1.21
+25.9%
9.0%€1.30€1.04€1.044
Sep ’24€0.88
€1.17
+32.8%
9.1%€1.30€1.04€1.123
Aug ’24€1.09
€1.35
+24.2%
4.1%€1.43€1.29€0.963
Jul ’24€1.10
€1.29
+16.4%
4.9%€1.35€1.22€1.052
Jun ’24€1.04
€1.29
+23.1%
4.9%€1.35€1.22€0.902
May ’24€0.88
€1.71
+94.7%
10.1%€1.83€1.46€0.753
Apr ’24€1.02
€1.71
+67.4%
10.1%€1.83€1.46€0.823
Mar ’24€1.01
€1.71
+69.0%
10.1%€1.83€1.46€0.833
Feb ’24€1.06
€1.87
+76.5%
4.9%€1.94€1.74€0.883
Jan ’24€1.15
€1.87
+63.2%
4.9%€1.94€1.74€1.023
Dec ’23€1.25
€1.87
+49.4%
4.9%€1.94€1.74€0.843
Nov ’23€1.21
€1.87
+54.9%
4.9%€1.94€1.74€0.903

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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