Bloom Energy Corporation

LSE:0A4L Stock Report

Market Cap: US$5.3b

Bloom Energy Valuation

Is 0A4L undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 0A4L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0A4L ($22.58) is trading below our estimate of fair value ($23.04)

Significantly Below Fair Value: 0A4L is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0A4L?

Key metric: As 0A4L is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0A4L. This is calculated by dividing 0A4L's market cap by their current revenue.
What is 0A4L's PS Ratio?
PS Ratio4.2x
SalesUS$1.26b
Market CapUS$5.34b

Price to Sales Ratio vs Peers

How does 0A4L's PS Ratio compare to its peers?

The above table shows the PS ratio for 0A4L vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.1x
ITM ITM Power
13.4x37.3%UK£220.9m
HWDN Howden Joinery Group
1.8x4.7%UK£4.3b
SPX Spirax Group
3x4.3%UK£5.0b
IMI IMI
2.1x3.8%UK£4.7b
0A4L Bloom Energy
4.2x16.8%US$5.3b

Price-To-Sales vs Peers: 0A4L is good value based on its Price-To-Sales Ratio (4.2x) compared to the peer average (5.1x).

Price to Sales Ratio vs Industry

How does 0A4L's PS Ratio compare vs other companies in the GB Electrical Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
VLX Volex
0.6x6.6%US$612.38m
XPP XP Power
1.1x3.2%US$373.26m
LUCE Luceco
0.9x8.2%US$248.11m
DWHT Dewhurst Group
1.2xn/aUS$74.56m
0A4L 4.2xIndustry Avg. 1.1xNo. of Companies11PS0612182430+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0A4L is expensive based on its Price-To-Sales Ratio (4.2x) compared to the European Electrical industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is 0A4L'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.

0A4L PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.2x
Fair PS Ratio1.4x

Price-To-Sales vs Fair Ratio: 0A4L is expensive based on its Price-To-Sales Ratio (4.2x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).

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 0A4L forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$22.58
US$22.72
+0.6%
29.0%US$33.00US$11.00n/a25
Dec ’25US$27.45
US$20.19
-26.5%
32.0%US$33.00US$7.00n/a24
Nov ’25US$9.81
US$15.95
+62.6%
29.6%US$25.00US$8.00n/a21
Oct ’25US$10.30
US$16.30
+58.2%
28.7%US$25.00US$8.00n/a21
Sep ’25US$11.79
US$16.33
+38.5%
28.7%US$25.00US$8.00n/a22
Aug ’25US$12.50
US$16.12
+29.0%
28.7%US$25.00US$9.00n/a23
Jul ’25US$11.61
US$15.96
+37.4%
30.0%US$25.00US$8.00n/a23
Jun ’25US$16.20
US$16.38
+1.1%
33.8%US$32.00US$8.00n/a24
May ’25US$11.09
US$16.04
+44.6%
35.7%US$32.00US$9.00n/a24
Apr ’25US$11.27
US$16.10
+42.9%
36.7%US$32.00US$9.00n/a24
Mar ’25US$9.06
US$16.25
+79.4%
38.3%US$32.00US$9.00n/a22
Feb ’25US$11.96
US$18.95
+58.5%
30.9%US$32.00US$9.00n/a22
Jan ’25US$14.92
US$19.82
+32.8%
30.7%US$32.00US$10.00US$22.1622
Dec ’24US$15.14
US$20.57
+35.8%
30.9%US$32.00US$10.00US$27.4523
Nov ’24US$9.92
US$22.77
+129.6%
25.6%US$33.00US$14.00US$9.8122
Oct ’24US$13.28
US$25.29
+90.4%
20.8%US$33.00US$17.00US$10.3021
Sep ’24US$15.30
US$25.60
+67.3%
21.7%US$35.00US$17.00US$11.7920
Aug ’24US$17.56
US$26.14
+48.9%
20.8%US$35.00US$17.00US$12.5021
Jul ’24US$16.40
US$26.08
+59.0%
22.0%US$35.00US$17.00US$11.6120
Jun ’24US$14.10
US$26.08
+85.0%
22.0%US$35.00US$17.00US$16.2020
May ’24US$16.58
US$28.57
+72.4%
17.5%US$40.00US$21.00US$11.0921
Apr ’24US$20.02
US$29.19
+45.8%
16.5%US$40.00US$21.00US$11.2721
Mar ’24US$22.00
US$29.19
+32.7%
16.5%US$40.00US$21.00US$9.0621
Feb ’24US$24.66
US$28.27
+14.7%
18.3%US$40.00US$20.00US$11.9622
Jan ’24US$18.60
US$28.52
+53.4%
18.3%US$40.00US$20.00US$14.9221

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 09:06
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Bloom Energy Corporation is covered by 37 analysts. 27 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin KalloBaird
Ameet ThakkarBMO Capital Markets Equity Research
Dimple GosaiBofA Global Research