ENCE Energía y Celulosa, S.A.

BATS-CHIXE:ENCE Stock Report

Market Cap: €682.4m

ENCE Energía y Celulosa Valuation

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

Below Fair Value: ENCE (€2.85) is trading below our estimate of fair value (€5.01)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ENCE. This is calculated by dividing ENCE's market cap by their current earnings.
What is ENCE's PE Ratio?
PE Ratio15.4x
Earnings€44.28m
Market Cap€682.37m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ENCE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.8x
MNDI Mondi
16.1x15.8%UK£5.2b
IBST Ibstock
101.2x36.5%UK£734.1m
PAF Pan African Resources
10.6x27.0%UK£662.2m
ATYM Atalaya Mining
23.4x40.0%UK£501.1m
ENCE ENCE Energía y Celulosa
15.4x18.5%€682.4m

Price-To-Earnings vs Peers: ENCE is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (37.9x).

Price to Earnings Ratio vs Industry

How does ENCE's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENCE is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the European Forestry industry average (10.4x).

Price to Earnings Ratio vs Fair Ratio

What is ENCE'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.

ENCE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ENCE's Price-To-Earnings Fair Ratio for valuation analysis.

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 ENCE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€4.25
0%
10.0%€5.10€3.65n/a8
Nov ’25€2.91
€4.14
+42.3%
11.9%€5.10€3.45n/a9
Oct ’25n/a
€4.28
0%
12.5%€5.10€3.45n/a9
Sep ’25n/a
€4.32
0%
11.3%€5.10€3.45n/a9
Aug ’25n/a
€4.32
0%
11.3%€5.10€3.45n/a9
Jul ’25n/a
€4.21
0%
10.9%€5.10€3.45n/a9
Jun ’25n/a
€4.06
0%
7.4%€4.60€3.45n/a9
May ’25€3.46
€4.04
+16.7%
6.9%€4.50€3.45n/a9
Apr ’25n/a
€3.86
0%
14.7%€4.30€2.45n/a9
Mar ’25n/a
€3.82
0%
14.3%€4.20€2.45n/a9
Feb ’25n/a
€3.82
0%
14.7%€4.50€2.45n/a9
Jan ’25n/a
€3.81
0%
14.6%€4.50€2.45n/a9
Dec ’24n/a
€3.81
0%
13.8%€4.50€2.45n/a10
Nov ’24€2.69
€3.91
+45.0%
15.7%€4.90€2.45€2.9110
Oct ’24€3.17
€4.07
+28.1%
20.7%€5.80€2.45n/a10
Sep ’24n/a
€4.02
0%
21.7%€5.80€2.45n/a10
Aug ’24n/a
€4.05
0%
21.4%€5.80€2.45n/a10
Jul ’24€2.84
€4.26
+50.0%
20.1%€5.80€2.45n/a10
Jun ’24n/a
€4.41
0%
21.2%€5.80€2.45n/a10
May ’24n/a
€4.45
0%
18.9%€5.80€2.45€3.4612
Apr ’24n/a
€4.39
0%
21.4%€5.80€2.05n/a12
Mar ’24€3.85
€4.47
+15.9%
21.8%€5.80€2.05n/a12
Feb ’24€2.99
€3.93
+31.6%
17.7%€4.80€2.05n/a12
Jan ’24n/a
€3.96
0%
17.9%€5.00€2.05n/a12
Dec ’23€3.07
€3.94
+28.4%
18.0%€5.00€2.05n/a12
Nov ’23€3.43
€3.99
+16.4%
18.0%€5.00€2.05€2.6912

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Zignago Vetro

€842.3m

Engages in the production, marketing, and sale of hollow glass containers in Italy, rest of Europe, and internationally.

0NNC

€9.54

7D

-0.4%

1Y

-28.1%

TFF Group

€628.7m

Manufactures and distributes barrels and wood products for the aging of wines and alcohols in France, rest of Europe, the United States, Asia, and internationally.

0IH4

€29.10

7D

-6.7%

1Y

-31.0%

Navigator Company

€2.4b

Manufactures and markets pulp and paper products worldwide.

0KLO

€3.43

7D

-2.7%

1Y

-8.2%