Ameren Valuation

Is AE4 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 AE4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AE4 (€89.5) is trading above our estimate of fair value (€85.98)

Significantly Below Fair Value: AE4 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for AE4?

Key metric: As AE4 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AE4. This is calculated by dividing AE4's market cap by their current earnings.
What is AE4's PE Ratio?
PE Ratio22.1x
EarningsUS$1.13b
Market CapUS$25.04b

Price to Earnings Ratio vs Peers

How does AE4's PE Ratio compare to its peers?

The above table shows the PE ratio for AE4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.4x
EOAN E.ON
17.5x8.9%€31.4b
MNV6 Mainova
33.7xn/a€1.9b
MVV1 MVV Energie
12.3xn/a€2.0b
WWG Gelsenwasser
14.2xn/a€1.8b
AE4 Ameren
22.1x9.6%€25.0b

Price-To-Earnings vs Peers: AE4 is expensive based on its Price-To-Earnings Ratio (22.1x) compared to the peer average (19.4x).


Price to Earnings Ratio vs Industry

How does AE4's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
AE4 22.1xIndustry Avg. 17.5xNo. of Companies7PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AE4 is expensive based on its Price-To-Earnings Ratio (22.1x) compared to the Global Integrated Utilities industry average (17.5x).


Price to Earnings Ratio vs Fair Ratio

What is AE4'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.

AE4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.1x
Fair PE Ratio20.2x

Price-To-Earnings vs Fair Ratio: AE4 is expensive based on its Price-To-Earnings Ratio (22.1x) compared to the estimated Fair Price-To-Earnings Ratio (20.2x).


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 AE4 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€89.50
€85.79
-4.1%
7.1%€94.11€75.98n/a15
Nov ’25€79.50
€81.71
+2.8%
8.0%€90.43€72.90n/a15
Oct ’25€78.00
€76.73
-1.6%
8.1%€86.87€67.17n/a15
Sep ’25€74.00
€75.14
+1.5%
6.3%€83.07€67.72n/a14
Aug ’25€73.00
€73.26
+0.4%
4.8%€80.27€68.28n/a13
Jul ’25€66.00
€72.96
+10.5%
3.7%€77.71€67.41n/a12
Jun ’25€66.00
€71.73
+8.7%
3.7%€76.51€66.37n/a13
May ’25€69.00
€71.41
+3.5%
4.6%€76.69€64.54n/a13
Apr ’25€67.50
€70.27
+4.1%
4.3%€75.32€63.38n/a13
Mar ’25€65.50
€70.23
+7.2%
4.4%€75.57€63.59n/a13
Feb ’25€64.00
€70.45
+10.1%
4.9%€77.19€65.24n/a12
Jan ’25€65.00
€71.02
+9.3%
6.2%€78.64€64.92n/a12
Dec ’24€71.00
€75.65
+6.5%
5.0%€81.11€68.36n/a13
Nov ’24€71.50
€79.77
+11.6%
7.6%€91.78€70.97€79.5013
Oct ’24€70.00
€82.74
+18.2%
5.7%€90.97€75.02€78.0013
Sep ’24€73.00
€81.15
+11.2%
5.8%€89.29€73.64€74.0013
Aug ’24€77.50
€83.02
+7.1%
5.2%€91.30€76.84€73.0012
Jul ’24€74.00
€84.16
+13.7%
5.1%€92.73€78.96€66.0012
Jun ’24€75.50
€87.43
+15.8%
6.1%€95.24€80.30€66.0011
May ’24€81.00
€85.53
+5.6%
5.0%€92.36€77.87€69.0011
Apr ’24€79.00
€85.34
+8.0%
4.4%€90.15€78.07€67.5011
Mar ’24€78.00
€87.80
+12.6%
4.2%€94.32€81.12€65.5012
Feb ’24€79.50
€86.09
+8.3%
4.6%€92.91€78.19€64.0012
Jan ’24€84.00
€87.20
+3.8%
6.9%€95.13€77.24€65.0012
Dec ’23€85.00
€86.37
+1.6%
5.1%€94.61€79.16€71.0013
Nov ’23€82.00
€89.86
+9.6%
7.1%€102.37€80.29€71.5013

Analyst Forecast: Target price is lower than the current share price.


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