Ørsted A/S

DB:D2G Stock Report

Market Cap: €16.9b

Ørsted Valuation

Is D2G 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 D2G when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€23.05
Fair Value
71.3% overvalued intrinsic discount
24
Number of Analysts

Below Fair Value: D2G (€39.49) is trading above our estimate of fair value (€23.05)

Significantly Below Fair Value: D2G is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for D2G?

Key metric: As D2G is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for D2G. This is calculated by dividing D2G's market cap by their current revenue.
What is D2G's PS Ratio?
PS Ratio1.8x
SalesDKK 71.03b
Market CapDKK 126.07b

Price to Sales Ratio vs Peers

How does D2G's PS Ratio compare to its peers?

The above table shows the PS ratio for D2G vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
ECV Encavis
6.2x5.7%€2.8b
UN0 Uniper
0.2x5.6%€17.6b
RWE RWE
0.9x4.4%€21.6b
EBK EnBW Energie Baden-Württemberg
0.5xn/a€17.3b
D2G Ørsted
1.8x8.9%€126.1b

Price-To-Sales vs Peers: D2G is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does D2G's PS Ratio compare vs other companies in the European Renewable Energy Industry?

14 CompaniesPrice / SalesEstimated GrowthMarket Cap
D2G 1.8xIndustry Avg. 2.7xNo. of Companies14PS0246810+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: D2G is good value based on its Price-To-Sales Ratio (1.8x) compared to the European Renewable Energy industry average (2.7x).

Price to Sales Ratio vs Fair Ratio

What is D2G'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.

D2G PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.8x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: D2G is expensive based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

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 D2G forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€39.49
€52.96
+34.1%
13.7%€69.42€40.21n/a24
Jan ’26€43.76
€60.65
+38.6%
10.8%€72.40€48.93n/a23
Dec ’25€52.02
€62.18
+19.5%
9.0%€72.37€52.27n/a23
Nov ’25€54.88
€62.55
+14.0%
10.0%€72.40€51.62n/a23
Oct ’25€58.72
€62.24
+6.0%
9.3%€72.37€51.60n/a24
Sep ’25€51.72
€60.84
+17.6%
11.5%€73.73€48.26n/a24
Aug ’25€54.50
€61.17
+12.2%
11.6%€73.73€48.26n/a24
Jul ’25€49.94
€61.22
+22.6%
11.8%€75.06€48.26n/a24
Jun ’25€55.80
€60.93
+9.2%
12.0%€75.05€48.25n/a24
May ’25€51.60
€60.74
+17.7%
11.9%€75.06€48.25n/a24
Apr ’25€52.00
€59.24
+13.9%
13.0%€75.09€45.59n/a25
Mar ’25€51.72
€59.06
+14.2%
13.6%€75.14€45.62n/a25
Feb ’25€53.10
€57.99
+9.2%
15.0%€80.51€40.93€37.1024
Jan ’25€50.20
€55.52
+10.6%
18.3%€80.48€40.64€43.7624
Dec ’24€44.40
€55.61
+25.3%
18.5%€80.49€40.65€52.0223
Nov ’24€33.94
€72.57
+113.8%
19.3%€110.53€48.23€54.8824
Oct ’24€52.02
€76.91
+47.9%
18.1%€110.64€55.92€58.7224
Sep ’24€60.30
€87.13
+44.5%
18.6%€130.86€55.97€51.7225
Aug ’24€78.18
€98.71
+26.3%
13.5%€130.86€63.62€54.5026
Jul ’24€85.98
€98.53
+14.6%
15.0%€130.94€63.66€49.9425
Jun ’24€82.62
€98.17
+18.8%
15.6%€130.92€63.65€55.8024
May ’24€81.96
€98.23
+19.8%
15.6%€130.83€63.60€51.6024
Apr ’24€79.73
€98.88
+24.0%
16.1%€130.91€63.10€52.0024
Mar ’24€80.10
€101.64
+26.9%
13.1%€130.95€70.51€51.7224
Feb ’24€82.08
€103.14
+25.7%
14.9%€138.48€67.90€53.1024
Analyst Price Target
Consensus Narrative from 24 Analysts
€52.01
Fair Value
24.1% undervalued intrinsic discount
24
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 17:11
End of Day Share Price 2025/02/06 00:00
Earnings2024/12/31
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

Ørsted A/S is covered by 41 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Pierre-Yves GauthierAlphaValue
Alejandro Conde FraisoliBanco Santander