Polaris Renewable Energy Inc.

DB:N4T Stock Report

Market Cap: €174.4m

Polaris Renewable Energy Valuation

Is N4T 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 N4T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: N4T (€9.4) is trading below our estimate of fair value (€42.15)

Significantly Below Fair Value: N4T is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for N4T?

Key metric: As N4T is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for N4T. This is calculated by dividing N4T's market cap by their current earnings.
What is N4T's PE Ratio?
PE Ratio27.7x
EarningsUS$7.19m
Market CapUS$181.57m

Price to Earnings Ratio vs Peers

How does N4T's PE Ratio compare to its peers?

The above table shows the PE ratio for N4T vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.9x
HRPK 7C Solarparken
62.7x54.5%€156.9m
ABO clearvise
19x-50.1%€128.9m
AB9 ABO Energy GmbH KGaA
11.8x11.6%€351.3m
FHW Fernheizwerk Neukölln
22.2xn/a€54.3m
N4T Polaris Renewable Energy
27.7x36.6%€253.8m

Price-To-Earnings vs Peers: N4T is good value based on its Price-To-Earnings Ratio (27.7x) compared to the peer average (28.9x).

Price to Earnings Ratio vs Industry

How does N4T's PE Ratio compare vs other companies in the European Renewable Energy Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
N4T 27.7xIndustry Avg. 16.6xNo. of Companies8PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: N4T is expensive based on its Price-To-Earnings Ratio (27.7x) compared to the European Renewable Energy industry average (16.5x).

Price to Earnings Ratio vs Fair Ratio

What is N4T'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.

N4T PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.7x
Fair PE Ratio28.5x

Price-To-Earnings vs Fair Ratio: N4T is good value based on its Price-To-Earnings Ratio (27.7x) compared to the estimated Fair Price-To-Earnings Ratio (28.5x).

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 N4T forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.80
€16.40
+86.3%
15.8%€22.06€14.47n/a6
Nov ’25€7.90
€15.18
+92.1%
17.9%€21.20€13.24n/a6
Oct ’25€8.10
€14.96
+84.6%
19.1%€21.16€12.56n/a6
Sep ’25€7.75
€14.96
+93.0%
19.1%€21.16€12.56n/a6
Aug ’25€8.20
€15.20
+85.3%
19.5%€21.67€12.77n/a6
Jul ’25€8.60
€15.24
+77.2%
19.9%€21.77€12.91n/a6
Jun ’25€9.05
€15.44
+70.6%
19.5%€21.72€12.88n/a6
May ’25€7.85
€15.40
+96.1%
19.3%€21.45€12.86n/a6
Apr ’25€7.90
€15.73
+99.1%
16.4%€21.20€13.68n/a6
Mar ’25€7.75
€15.73
+103.0%
16.4%€21.20€13.68n/a6
Feb ’25€9.20
€17.23
+87.3%
20.0%€23.55€13.67n/a5
Jan ’25€8.80
€17.32
+96.8%
20.9%€23.88€13.52n/a5
Dec ’24€8.60
€17.32
+101.4%
20.9%€23.88€13.52n/a5
Nov ’24€8.95
€18.33
+104.9%
27.1%€27.75€13.83€7.905
Oct ’24€9.65
€18.26
+89.3%
23.2%€27.22€13.61€8.106
Sep ’24€9.95
€18.26
+83.6%
23.2%€27.22€13.61€7.756
Aug ’24€9.65
€18.12
+87.7%
24.4%€27.43€13.35€8.206
Jul ’24€9.55
€18.47
+93.4%
23.8%€27.80€13.73€8.606
Jun ’24€9.55
€18.47
+93.4%
23.8%€27.80€13.73€9.056
May ’24€8.85
€17.80
+101.1%
23.2%€26.62€13.54€7.856
Apr ’24€9.00
€18.56
+106.2%
23.6%€27.84€13.80€7.906
Mar ’24€9.10
€18.70
+105.5%
22.7%€27.84€14.62€7.756
Feb ’24€9.55
€18.36
+92.2%
22.5%€27.28€14.46€9.206
Jan ’24€9.70
€19.25
+98.5%
22.7%€28.66€15.05€8.806
Dec ’23€10.30
€19.25
+86.9%
22.7%€28.66€15.05€8.606
Nov ’23€12.30
€21.74
+76.8%
23.7%€30.76€15.40€8.955

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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