Xcel Energy Inc.

DB:NRN Stock Report

Market Cap: €39.1b

Xcel Energy Valuation

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

Below Fair Value: NRN (€68.05) is trading above our estimate of fair value (€67.54)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NRN. This is calculated by dividing NRN's market cap by their current earnings.
What is NRN's PE Ratio?
PE Ratio22.3x
EarningsUS$1.88b
Market CapUS$41.27b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NRN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.9x
EBK EnBW Energie Baden-Württemberg
28.5xn/a€17.1b
LEC Lechwerke
25.8xn/a€2.5b
EOAN E.ON
17.4x8.9%€31.2b
RWE RWE
8.2x-11.1%€23.1b
NRN Xcel Energy
22.3x10.3%€41.3b

Price-To-Earnings vs Peers: NRN is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the peer average (19.9x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
NRN 22.3xIndustry Avg. 12.7xNo. of Companies11PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NRN is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the European Electric Utilities industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is NRN'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.

NRN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.3x
Fair PE Ratio21.4x

Price-To-Earnings vs Fair Ratio: NRN is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the estimated Fair Price-To-Earnings Ratio (21.4x).

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 NRN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€68.05
€67.53
-0.8%
5.1%€74.32€58.12n/a16
Nov ’25€61.00
€64.67
+6.0%
5.9%€71.06€56.29n/a17
Oct ’25€58.17
€60.03
+3.2%
6.4%€65.56€51.19n/a17
Sep ’25€55.05
€58.55
+6.3%
5.9%€65.23€50.93n/a16
Aug ’25€53.60
€58.27
+8.7%
6.6%€66.43€52.59n/a16
Jul ’25€49.36
€58.47
+18.5%
7.1%€67.33€53.31n/a16
Jun ’25€49.77
€57.74
+16.0%
7.1%€66.29€52.48n/a16
May ’25€50.50
€58.49
+15.8%
7.3%€67.45€53.40n/a16
Apr ’25€48.96
€56.95
+16.3%
9.3%€64.87€49.33n/a15
Mar ’25€48.43
€60.38
+24.7%
7.1%€69.21€54.45n/a14
Feb ’25€55.06
€60.74
+10.3%
6.5%€69.25€56.32n/a14
Jan ’25€56.46
€59.04
+4.6%
6.8%€67.67€53.04n/a14
Dec ’24€55.33
€58.20
+5.2%
7.5%€67.44€52.86n/a14
Nov ’24€55.61
€59.93
+7.8%
7.7%€69.92€54.80€61.0014
Oct ’24€53.61
€61.96
+15.6%
8.0%€70.00€54.86€58.1714
Sep ’24€52.47
€61.73
+17.6%
8.5%€70.32€54.59€55.0514
Aug ’24€56.75
€62.82
+10.7%
6.3%€69.20€53.72€53.6013
Jul ’24€56.11
€63.56
+13.3%
7.3%€71.61€54.17€49.3613
Jun ’24€60.40
€67.11
+11.1%
7.4%€73.64€55.93€49.7713
May ’24€63.36
€66.11
+4.3%
6.5%€71.69€54.45€50.5013
Apr ’24€61.09
€66.56
+9.0%
7.2%€72.49€54.83€48.9613
Mar ’24€60.68
€68.65
+13.1%
6.7%€74.51€55.65€48.4314
Feb ’24€62.34
€67.23
+7.8%
6.4%€72.83€54.39€55.0614
Jan ’24€66.15
€66.26
+0.2%
7.3%€74.25€55.45€56.4614
Dec ’23€67.32
€66.15
-1.7%
6.8%€73.97€55.71€55.3315
Nov ’23€65.51
€67.84
+3.6%
7.9%€77.28€58.21€55.6115

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

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