Eneraqua Technologies plc

AIM:ETP Stock Report

Market Cap: UK£16.6m

Eneraqua Technologies Valuation

Is ETP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: ETP (£0.5) is trading below our estimate of fair value (£2.54)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ETP. This is calculated by dividing ETP's market cap by their current revenue.
What is ETP's PS Ratio?
PS Ratio0.3x
SalesUK£57.70m
Market CapUK£16.61m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ETP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.8x
HSM Samuel Heath & Sons
0.7xn/aUK£10.4m
TON Titon Holdings
0.5x-3.9%UK£9.0m
ECOB Eco Buildings Group
24.9xn/aUK£6.7m
ALU Alumasc Group
1.1x6.3%UK£111.5m
ETP Eneraqua Technologies
0.3x20.2%UK£16.6m

Price-To-Sales vs Peers: ETP is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (6.8x).

Price to Sales Ratio vs Industry

How does ETP's PS Ratio compare vs other companies in the European Building Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
ETP 0.3xIndustry Avg. 0.8xNo. of Companies14PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ETP is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Building industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is ETP'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.

ETP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: ETP is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

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 ETP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.49
UK£0.73
+48.5%
8.8%UK£0.80UK£0.67n/a2
Nov ’25UK£0.41
UK£0.73
+81.5%
8.8%UK£0.80UK£0.67n/a2
Oct ’25UK£0.42
UK£0.73
+72.9%
8.8%UK£0.80UK£0.67n/a2
Sep ’25UK£0.43
UK£0.73
+70.9%
8.8%UK£0.80UK£0.67n/a2
Aug ’25UK£0.42
UK£0.73
+72.9%
8.8%UK£0.80UK£0.67n/a2
Jul ’25UK£0.50
UK£0.73
+47.0%
8.8%UK£0.80UK£0.67n/a2
Jun ’25UK£0.40
UK£0.73
+86.1%
8.8%UK£0.80UK£0.67n/a2
May ’25UK£0.39
UK£1.35
+246.2%
40.7%UK£1.90UK£0.80n/a2
Apr ’25UK£0.38
UK£1.35
+255.3%
40.7%UK£1.90UK£0.80n/a2
Mar ’25UK£0.42
UK£1.35
+221.4%
40.7%UK£1.90UK£0.80n/a2
Feb ’25UK£0.42
UK£1.35
+221.4%
40.7%UK£1.90UK£0.80n/a2
Jan ’25UK£0.43
UK£1.35
+214.0%
40.7%UK£1.90UK£0.80n/a2
Dec ’24UK£0.44
UK£1.35
+206.8%
40.7%UK£1.90UK£0.80n/a2
Nov ’24UK£0.36
UK£1.35
+269.9%
40.7%UK£1.90UK£0.80UK£0.412
Oct ’24UK£1.05
UK£2.83
+169.8%
35.9%UK£4.25UK£1.90UK£0.423
Sep ’24UK£0.97
UK£2.83
+190.6%
35.9%UK£4.25UK£1.90UK£0.433
Aug ’24UK£1.11
UK£3.36
+203.0%
21.4%UK£4.25UK£2.49UK£0.423
Jul ’24UK£1.23
UK£3.36
+174.6%
21.4%UK£4.25UK£2.49UK£0.503
Jun ’24UK£1.58
UK£3.80
+141.3%
11.8%UK£4.25UK£3.35UK£0.402
May ’24UK£2.80
UK£4.22
+50.7%
0.7%UK£4.25UK£4.19UK£0.392
Apr ’24UK£2.98
UK£4.22
+41.6%
0.7%UK£4.25UK£4.19UK£0.382
Mar ’24UK£3.62
UK£4.22
+16.6%
0.7%UK£4.25UK£4.19UK£0.422
Feb ’24UK£3.00
UK£4.22
+40.7%
0.7%UK£4.25UK£4.19UK£0.422
Jan ’24UK£3.20
UK£4.11
+28.3%
3.5%UK£4.25UK£3.96UK£0.432
Dec ’23UK£3.20
UK£4.11
+28.3%
3.5%UK£4.25UK£3.96UK£0.442
Nov ’23UK£3.03
UK£4.11
+35.5%
3.5%UK£4.25UK£3.96UK£0.362

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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