Elia Group Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: 0NTU (€81.7) is trading above our estimate of fair value (€54.25)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for 0NTU. This is calculated by dividing 0NTU's market cap by their current earnings.
What is 0NTU's PE Ratio?
PE Ratio17.6x
Earnings€343.50m
Market Cap€6.06b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0NTU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.6x
SSE SSE
9.8x5.2%UK£18.6b
JEL Jersey Electricity
12x-8.8%UK£134.8m
CNA Centrica
6x-11.0%UK£6.7b
SVT Severn Trent
34.5x24.3%UK£7.9b
0NTU Elia Group
17.6x19.4%€6.1b

Price-To-Earnings vs Peers: 0NTU is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (15.6x).


Price to Earnings Ratio vs Industry

How does 0NTU's PE Ratio compare vs other companies in the European Electric Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0NTU 17.6xIndustry Avg. 12.6xNo. of Companies11PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NTU is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the European Electric Utilities industry average (12.6x).


Price to Earnings Ratio vs Fair Ratio

What is 0NTU'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.

0NTU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: 0NTU is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).


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 0NTU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€81.70
€117.50
+43.8%
10.3%€132.00€86.00n/a12
Dec ’25€90.00
€117.17
+30.2%
10.4%€132.00€86.00n/a12
Nov ’25€88.61
€117.25
+32.3%
10.4%€133.00€86.00n/a12
Oct ’25€102.94
€121.00
+17.5%
6.5%€133.00€109.00n/a10
Sep ’25€97.97
€119.73
+22.2%
9.7%€135.00€94.30n/a10
Aug ’25€96.05
€118.83
+23.7%
10.5%€135.00€94.30n/a10
Jul ’25€88.81
€120.85
+36.1%
11.2%€141.00€94.30n/a11
Jun ’25€93.03
€122.03
+31.2%
10.7%€141.00€94.30n/a11
May ’25€90.34
€123.23
+36.4%
11.2%€141.00€94.30n/a10
Apr ’25€100.07
€123.37
+23.3%
10.8%€141.00€94.30n/a9
Mar ’25€102.49
€123.61
+20.6%
13.1%€149.00€94.30n/a7
Feb ’25€110.80
€125.79
+13.5%
12.9%€149.00€94.30n/a8
Jan ’25€113.02
€119.76
+6.0%
13.9%€141.00€94.30n/a7
Dec ’24€99.29
€118.33
+19.2%
14.2%€141.00€94.30€90.007
Nov ’24€89.41
€119.47
+33.6%
14.6%€141.00€94.30€88.617
Oct ’24€92.86
€125.96
+35.6%
10.4%€141.00€106.00€102.947
Sep ’24€105.34
€129.28
+22.7%
8.5%€141.00€112.00€97.976
Aug ’24€111.06
€129.28
+16.4%
8.5%€141.00€112.00€96.056
Jul ’24€116.24
€124.18
+6.8%
10.4%€140.00€111.00€88.814
Jun ’24€114.23
€129.57
+13.4%
8.2%€140.00€115.00€93.033
May ’24€124.33
€129.57
+4.2%
8.2%€140.00€115.00€90.343
Apr ’24€121.40
€129.57
+6.7%
8.2%€140.00€115.00€100.073
Mar ’24€121.44
€129.57
+6.7%
8.2%€140.00€115.00€102.493
Feb ’24€129.87
€129.57
-0.2%
8.2%€140.00€115.00€110.803
Jan ’24€133.90
€124.35
-7.1%
7.5%€133.70€115.00€113.022
Dec ’23€137.67
€117.50
-14.6%
2.1%€120.00€115.00€99.292

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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