Neoen S.A.

LSE:0A02 Stock Report

Market Cap: €6.0b

Neoen Valuation

Is 0A02 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 0A02 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0A02 (€39.46) is trading above our estimate of fair value (€4.83)

Significantly Below Fair Value: 0A02 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0A02?

Key metric: As 0A02 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0A02. This is calculated by dividing 0A02's market cap by their current earnings.
What is 0A02's PE Ratio?
PE Ratio66.4x
Earnings€90.70m
Market Cap€6.02b

Price to Earnings Ratio vs Peers

How does 0A02's PE Ratio compare to its peers?

The above table shows the PE ratio for 0A02 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.4x
DRX Drax Group
3.7x-27.6%UK£2.4b
CNA Centrica
5.7x-10.8%UK£6.2b
SVT Severn Trent
36.2x24.3%UK£8.3b
UU. United Utilities Group
68.2x24.4%UK£7.7b
0A02 Neoen
66.4x19.7%€6.0b

Price-To-Earnings vs Peers: 0A02 is expensive based on its Price-To-Earnings Ratio (66.4x) compared to the peer average (28.4x).

Price to Earnings Ratio vs Industry

How does 0A02's PE Ratio compare vs other companies in the European Renewable Energy Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0A02 66.4xIndustry Avg. 16.0xNo. of Companies8PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0A02 is expensive based on its Price-To-Earnings Ratio (66.4x) compared to the European Renewable Energy industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is 0A02'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.

0A02 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio66.4x
Fair PE Ratio17.9x

Price-To-Earnings vs Fair Ratio: 0A02 is expensive based on its Price-To-Earnings Ratio (66.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).

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 0A02 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€39.46
€36.85
-6.6%
12.1%€39.90€28.50n/a9
Nov ’25€39.46
€36.85
-6.6%
12.1%€39.90€28.50n/a9
Oct ’25€39.35
€37.15
-5.6%
11.6%€39.90€28.50n/a10
Sep ’25€38.76
€37.15
-4.1%
11.6%€39.90€28.50n/a10
Aug ’25€38.44
€37.15
-3.3%
11.6%€39.90€28.50n/a10
Jul ’25€37.74
€37.15
-1.6%
11.6%€39.90€28.50n/a10
Jun ’25€37.88
€36.37
-4.0%
12.3%€39.90€28.50n/a10
May ’25€29.44
€30.85
+4.8%
9.2%€35.50€26.20n/a13
Apr ’25€26.23
€30.32
+15.6%
10.4%€35.50€26.20n/a13
Mar ’25€24.12
€31.22
+29.4%
13.0%€41.00€26.50n/a13
Feb ’25€26.54
€31.62
+19.2%
13.4%€41.00€26.50n/a13
Jan ’25€30.27
€31.31
+3.4%
14.3%€41.00€26.00n/a13
Dec ’24€27.96
€31.42
+12.4%
14.1%€41.00€26.00n/a13
Nov ’24€24.71
€32.06
+29.7%
14.5%€41.00€26.00€39.4613
Oct ’24€27.67
€33.11
+19.7%
13.0%€41.00€27.00€39.3511
Sep ’24€27.53
€33.11
+20.3%
13.0%€41.00€27.00€38.7611
Aug ’24€29.27
€34.32
+17.3%
16.0%€46.70€27.00€38.4412
Jul ’24€28.78
€33.95
+18.0%
16.5%€46.70€27.00€37.7412
Jun ’24€28.14
€35.18
+25.0%
16.0%€46.70€27.30€37.8811
May ’24€27.22
€36.91
+35.6%
13.0%€46.70€29.45€29.4410
Apr ’24€28.74
€37.71
+31.2%
12.1%€46.70€29.45€26.2310
Mar ’24€30.65
€40.82
+33.2%
11.4%€47.00€31.90€24.1211
Feb ’24€34.55
€39.08
+13.1%
18.6%€47.00€20.00€26.5412
Jan ’24€37.88
€39.07
+3.1%
18.4%€47.00€20.00€30.2712
Dec ’23€39.00
€38.48
-1.3%
17.7%€45.90€20.00€27.9612
Nov ’23€35.59
€38.19
+7.3%
17.7%€45.90€20.00€24.7112

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

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