ENCE Energía y Celulosa, S.A.

LSE:0K96 Stock Report

Market Cap: €670.7m

ENCE Energía y Celulosa Valuation

Is 0K96 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 0K96 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0K96 (€2.75) is trading below our estimate of fair value (€5.17)

Significantly Below Fair Value: 0K96 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0K96?

Key metric: As 0K96 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0K96. This is calculated by dividing 0K96's market cap by their current earnings.
What is 0K96's PE Ratio?
PE Ratio15.1x
Earnings€44.28m
Market Cap€670.71m

Price to Earnings Ratio vs Peers

How does 0K96's PE Ratio compare to its peers?

The above table shows the PE ratio for 0K96 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
0K96 ENCE Energía y Celulosa
15.1x18.6%€670.7m

Price-To-Earnings vs Peers: 0K96 is good value based on its Price-To-Earnings Ratio (15.1x) compared to the peer average (37.8x).

Price to Earnings Ratio vs Industry

How does 0K96's PE Ratio compare vs other companies in the European Forestry Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0K96 15.1xIndustry Avg. 10.2xNo. of Companies7PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0K96 is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the European Forestry industry average (10.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0K96'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.

0K96 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.1x
Fair PE Ratio14.9x

Price-To-Earnings vs Fair Ratio: 0K96 is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the estimated Fair Price-To-Earnings Ratio (14.9x).

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 0K96 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.75
€4.15
+50.7%
10.3%€5.10€3.65n/a8
Nov ’25€2.91
€4.14
+42.3%
11.9%€5.10€3.45n/a9
Oct ’25€3.00
€4.28
+42.7%
12.5%€5.10€3.45n/a9
Sep ’25€3.08
€4.32
+40.3%
11.3%€5.10€3.45n/a9
Aug ’25€3.19
€4.32
+35.2%
11.3%€5.10€3.45n/a9
Jul ’25€3.38
€4.21
+24.4%
10.9%€5.10€3.45n/a9
Jun ’25€3.38
€4.06
+20.3%
7.4%€4.60€3.45n/a9
May ’25€3.39
€4.04
+19.3%
6.9%€4.50€3.45n/a9
Apr ’25€3.20
€3.86
+20.3%
14.7%€4.30€2.45n/a9
Mar ’25€2.86
€3.82
+33.4%
14.3%€4.20€2.45n/a9
Feb ’25€2.92
€3.82
+31.0%
14.7%€4.50€2.45n/a9
Jan ’25€2.86
€3.81
+33.0%
14.6%€4.50€2.45n/a9
Dec ’24€2.98
€3.81
+27.5%
13.8%€4.50€2.45n/a10
Nov ’24€2.74
€3.91
+42.7%
15.7%€4.90€2.45€2.9110
Oct ’24€3.17
€4.07
+28.0%
20.7%€5.80€2.45€3.0010
Sep ’24€2.92
€4.02
+37.7%
21.7%€5.80€2.45€3.0810
Aug ’24€2.76
€4.05
+46.7%
21.4%€5.80€2.45€3.1910
Jul ’24€2.90
€4.26
+46.8%
20.1%€5.80€2.45€3.3810
Jun ’24€2.89
€4.41
+52.7%
21.2%€5.80€2.45€3.3810
May ’24€3.55
€4.45
+25.2%
18.9%€5.80€2.45€3.3912
Apr ’24€3.43
€4.39
+27.9%
21.4%€5.80€2.05€3.2012
Mar ’24€3.84
€4.47
+16.4%
21.8%€5.80€2.05€2.8612
Feb ’24€3.10
€3.93
+26.8%
17.7%€4.80€2.05€2.9212
Jan ’24€2.78
€3.96
+42.7%
17.9%€5.00€2.05€2.8612
Dec ’23€3.07
€3.94
+28.3%
18.0%€5.00€2.05€2.9812
Nov ’23€3.42
€3.99
+16.7%
18.0%€5.00€2.05€2.7412

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

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