Vestas Wind Systems Valuation
Is VWS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation 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 VWS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: VWS (DKK161.25) is trading below our estimate of fair value (DKK230)
Significantly Below Fair Value: VWS is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for VWS?
Other financial metrics that can be useful for relative valuation.
| What is VWS's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | €21.82b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.5x |
| Enterprise Value/EBITDA | 47.9x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does VWS's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 11.3x | ||
NKT NKT | 1.6x | 8.4% | DKK 32.7b |
ROCK B Rockwool | 2.2x | 3.8% | DKK 59.7b |
GREENH Green Hydrogen Systems | 40.9x | 100.3% | DKK 1.7b |
ENR Siemens Energy | 0.6x | 6.1% | €19.0b |
VWS Vestas Wind Systems | 1.4x | 11.3% | DKK 162.7b |
Price-To-Sales vs Peers: VWS is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (11.3x).
Price to Earnings Ratio vs Industry
How does VWS's PE Ratio compare vs other companies in the European Electrical Industry?
Price-To-Sales vs Industry: VWS is expensive based on its Price-To-Sales Ratio (1.4x) compared to the European Electrical industry average (1.1x).
Price to Sales Ratio vs Fair Ratio
What is VWS'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1.4x |
| Fair PS Ratio | 1x |
Price-To-Sales vs Fair Ratio: VWS is expensive based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (1x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | DKK 161.25 | DKK 220.89 +37.0% | 21.3% | DKK 299.92 | DKK 99.01 | n/a | 26 |
| Jun ’25 | DKK 192.85 | DKK 222.79 +15.5% | 21.2% | DKK 315.07 | DKK 99.04 | n/a | 26 |
| May ’25 | DKK 186.85 | DKK 221.94 +18.8% | 21.1% | DKK 315.04 | DKK 101.05 | n/a | 26 |
| Apr ’25 | DKK 193.00 | DKK 222.10 +15.1% | 21.1% | DKK 315.09 | DKK 101.01 | n/a | 26 |
| Mar ’25 | DKK 197.52 | DKK 217.65 +10.2% | 22.6% | DKK 314.93 | DKK 100.98 | n/a | 25 |
| Feb ’25 | DKK 195.12 | DKK 211.03 +8.2% | 24.3% | DKK 299.81 | DKK 100.93 | n/a | 24 |
| Jan ’25 | DKK 214.30 | DKK 205.17 -4.3% | 24.2% | DKK 300.16 | DKK 98.99 | n/a | 24 |
| Dec ’24 | DKK 188.56 | DKK 204.23 +8.3% | 24.3% | DKK 299.82 | DKK 98.94 | n/a | 24 |
| Nov ’24 | DKK 152.68 | DKK 202.02 +32.3% | 25.1% | DKK 300.18 | DKK 99.02 | n/a | 23 |
| Oct ’24 | DKK 151.56 | DKK 205.20 +35.4% | 24.6% | DKK 300.48 | DKK 99.02 | n/a | 24 |
| Sep ’24 | DKK 165.74 | DKK 218.54 +31.9% | 24.6% | DKK 356.18 | DKK 140.14 | n/a | 24 |
| Aug ’24 | DKK 180.66 | DKK 215.04 +19.0% | 23.0% | DKK 340.11 | DKK 126.04 | n/a | 23 |
| Jul ’24 | DKK 181.46 | DKK 217.50 +19.9% | 21.7% | DKK 339.87 | DKK 139.95 | DKK 161.25 | 23 |
| Jun ’24 | DKK 202.05 | DKK 217.07 +7.4% | 22.6% | DKK 339.85 | DKK 139.94 | DKK 192.85 | 23 |
| May ’24 | DKK 186.86 | DKK 216.53 +15.9% | 23.3% | DKK 340.14 | DKK 140.20 | DKK 186.85 | 23 |
| Apr ’24 | DKK 199.00 | DKK 216.55 +8.8% | 23.3% | DKK 339.92 | DKK 140.11 | DKK 193.00 | 23 |
| Mar ’24 | DKK 208.60 | DKK 209.17 +0.3% | 25.7% | DKK 359.72 | DKK 125.09 | DKK 197.52 | 21 |
| Feb ’24 | DKK 197.82 | DKK 205.81 +4.0% | 27.3% | DKK 359.80 | DKK 124.98 | DKK 195.12 | 22 |
| Jan ’24 | DKK 202.10 | DKK 194.04 -4.0% | 29.1% | DKK 360.08 | DKK 125.04 | DKK 214.30 | 21 |
| Dec ’23 | DKK 181.22 | DKK 192.77 +6.4% | 29.2% | DKK 359.97 | DKK 124.83 | DKK 188.56 | 21 |
| Nov ’23 | DKK 150.00 | DKK 191.15 +27.4% | 28.7% | DKK 360.38 | DKK 124.98 | DKK 152.68 | 21 |
| Oct ’23 | DKK 141.62 | DKK 200.42 +41.5% | 26.8% | DKK 359.86 | DKK 125.04 | DKK 151.56 | 21 |
| Sep ’23 | DKK 174.76 | DKK 199.48 +14.1% | 25.2% | DKK 334.91 | DKK 124.93 | DKK 165.74 | 21 |
| Aug ’23 | DKK 185.96 | DKK 195.68 +5.2% | 25.9% | DKK 335.10 | DKK 125.02 | DKK 180.66 | 20 |
| Jul ’23 | DKK 153.98 | DKK 195.84 +27.2% | 27.8% | DKK 349.96 | DKK 124.92 | DKK 181.46 | 20 |
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.