Romande Energie Holding SA

BATS-CHIXE:REHNZ Stock Report

Market Cap: CHF 1.1b

Romande Energie Holding Valuation

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

Below Fair Value: REHNZ (CHF42.6) is trading below our estimate of fair value (CHF44.24)

Significantly Below Fair Value: REHNZ 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 REHNZ?

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

The above table shows the Price to Earnings ratio for REHNZ. This is calculated by dividing REHNZ's market cap by their current earnings.
What is REHNZ's PE Ratio?
PE Ratio7x
EarningsCHF 157.19m
Market CapCHF 1.09b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for REHNZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.6x
JEL Jersey Electricity
12x-8.8%UK£134.8m
SSE SSE
10.3x5.2%UK£19.6b
OPG OPG Power Ventures
4.4xn/aUK£18.0m
DRX Drax Group
3.8x-27.6%UK£2.5b
REHNZ Romande Energie Holding
7x-15.1%CHF 1.1b

Price-To-Earnings vs Peers: REHNZ is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (7.6x).

Price to Earnings Ratio vs Industry

How does REHNZ's PE Ratio compare vs other companies in the European Electric Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies11PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: REHNZ is good value based on its Price-To-Earnings Ratio (7x) compared to the European Electric Utilities industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is REHNZ'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.

REHNZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ratio10.8x

Price-To-Earnings vs Fair Ratio: REHNZ is good value based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (10.8x).

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 REHNZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 42.60
CHF 56.47
+32.6%
17.0%CHF 70.00CHF 49.00n/a3
Nov ’25CHF 45.55
CHF 56.47
+24.0%
17.0%CHF 70.00CHF 49.00n/a3
Oct ’25CHF 49.50
CHF 56.47
+14.1%
17.0%CHF 70.00CHF 49.00n/a3
Sep ’25CHF 52.40
CHF 62.73
+19.7%
8.6%CHF 70.00CHF 57.20n/a3
Aug ’25CHF 53.20
CHF 62.73
+17.9%
8.6%CHF 70.00CHF 57.20n/a3
Jul ’25CHF 55.40
CHF 62.73
+13.2%
8.6%CHF 70.00CHF 57.20n/a3
Jun ’25CHF 56.80
CHF 62.73
+10.4%
8.6%CHF 70.00CHF 57.20n/a3
May ’25CHF 57.80
CHF 64.40
+11.4%
8.3%CHF 70.00CHF 57.20n/a3
Apr ’25CHF 54.20
CHF 64.40
+18.8%
8.3%CHF 70.00CHF 57.20n/a3
Mar ’25CHF 53.40
CHF 64.40
+20.6%
8.3%CHF 70.00CHF 57.20n/a3
Feb ’25CHF 54.40
CHF 64.40
+18.4%
8.3%CHF 70.00CHF 57.20n/a3
Jan ’25CHF 55.60
CHF 68.00
+22.3%
2.9%CHF 70.00CHF 66.00n/a2
Dec ’24CHF 54.60
CHF 68.00
+24.5%
2.9%CHF 70.00CHF 66.00n/a2
Nov ’24CHF 56.40
CHF 68.00
+20.6%
2.9%CHF 70.00CHF 66.00CHF 45.552
Oct ’24CHF 54.80
CHF 68.00
+24.1%
2.9%CHF 70.00CHF 66.00CHF 49.502
Sep ’24CHF 53.30
CHF 65.00
+22.0%
1.5%CHF 66.00CHF 64.00CHF 52.402
Aug ’24CHF 51.40
CHF 62.00
+20.6%
3.2%CHF 64.00CHF 60.00CHF 53.202
Jul ’24CHF 52.60
CHF 62.00
+17.9%
3.2%CHF 64.00CHF 60.00CHF 55.402
Jun ’24CHF 49.40
CHF 62.00
+25.5%
3.2%CHF 64.00CHF 60.00CHF 56.802
May ’24CHF 51.40
CHF 62.00
+20.6%
3.2%CHF 64.00CHF 60.00CHF 57.802
Apr ’24CHF 45.80
CHF 59.00
+28.8%
8.5%CHF 64.00CHF 54.00CHF 54.202
Mar ’24CHF 46.80
CHF 57.00
+21.8%
12.3%CHF 64.00CHF 50.00CHF 53.402
Feb ’24CHF 47.60
CHF 57.00
+19.7%
12.3%CHF 64.00CHF 50.00CHF 54.402
Jan ’24CHF 45.40
CHF 57.00
+25.6%
12.3%CHF 64.00CHF 50.00CHF 55.602

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.

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