Emera Valuation

Is C61 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-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 C61 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: C61 (€32.96) is trading below our estimate of fair value (€193.69)

Significantly Below Fair Value: C61 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for C61?

Other financial metrics that can be useful for relative valuation.

C61 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.8x
Enterprise Value/EBITDA13.7x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does C61's PE Ratio compare to its peers?

The above table shows the PE ratio for C61 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.2x
EBK EnBW Energie Baden-Württemberg
52.5xn/a€18.7b
LEC Lechwerke
27xn/a€2.6b
RWE RWE
6.7x-13.8%€23.3b
EOAN E.ON
18.8x8.3%€33.6b
C61 Emera
19.8x10.5%€14.4b

Price-To-Earnings vs Peers: C61 is good value based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (26.2x).


Price to Earnings Ratio vs Industry

How does C61's PE Ratio compare vs other companies in the European Electric Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a2.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a2.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: C61 is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the European Electric Utilities industry average (11.7x).


Price to Earnings Ratio vs Fair Ratio

What is C61'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.

C61 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ratio22.8x

Price-To-Earnings vs Fair Ratio: C61 is good value based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).


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 C61 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€32.96
€35.53
+7.8%
7.1%€40.05€31.37n/a13
Oct ’25€35.23
€34.95
-0.8%
6.4%€37.65€31.04n/a13
Sep ’25€33.70
€34.76
+3.2%
6.8%€37.71€31.09n/a11
Aug ’25€32.82
€34.13
+4.0%
8.7%€40.08€29.39n/a11
Jul ’25€30.99
€34.75
+12.1%
8.7%€40.67€29.82n/a11
Jun ’25€31.53
€35.28
+11.9%
7.5%€40.51€29.71n/a12
May ’25€31.33
€35.75
+14.1%
8.5%€40.79€29.91n/a12
Apr ’25€32.33
€35.85
+10.9%
8.1%€40.69€29.84n/a14
Mar ’25€32.40
€35.97
+11.0%
8.7%€40.88€29.98n/a14
Feb ’25€32.62
€37.12
+13.8%
9.7%€42.68€30.98n/a14
Jan ’25€34.07
€36.45
+7.0%
8.9%€41.28€29.96n/a14
Dec ’24€32.20
€36.45
+13.2%
8.9%€41.28€29.96n/a14
Nov ’24€30.91
€38.30
+23.9%
8.9%€43.83€32.87n/a14
Oct ’24€33.67
€39.94
+18.6%
7.1%€44.40€33.30€35.2314
Sep ’24€34.51
€39.76
+15.2%
7.5%€44.93€32.68€33.7015
Aug ’24€36.71
€40.28
+9.7%
7.9%€46.43€32.77€32.8215
Jul ’24€37.14
€40.91
+10.1%
8.5%€47.10€31.86€30.9915
Jun ’24€38.52
€40.87
+6.1%
8.3%€46.51€31.46€31.5316
May ’24€38.56
€39.42
+2.2%
8.7%€45.48€30.77€31.3316
Apr ’24€37.80
€39.94
+5.7%
8.6%€46.43€31.41€32.3316
Mar ’24€37.40
€40.71
+8.9%
8.8%€47.22€31.94€32.4016
Feb ’24€36.40
€40.35
+10.9%
10.2%€47.01€29.03€32.6216
Jan ’24€36.00
€40.14
+11.5%
10.6%€46.95€29.00€34.0716
Dec ’23€37.20
€41.12
+10.5%
10.5%€48.74€30.10€32.2016
Nov ’23€37.60
€43.37
+15.3%
10.0%€53.11€35.96€30.9116
Oct ’23€41.40
€49.44
+19.4%
8.0%€56.17€39.47€33.6716

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


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