Cloudberry Clean Energy Valuation
Is CLOUD undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of CLOUD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CLOUD (NOK11.32) is trading below our estimate of fair value (NOK14.8)
Significantly Below Fair Value: CLOUD is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CLOUD?
Key metric: As CLOUD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is CLOUD's PS Ratio? | |
|---|---|
| PS Ratio | 8.5x |
| Sales | NOK 385.00m |
| Market Cap | NOK 3.27b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 13x |
| Enterprise Value/EBITDA | 98.2x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does CLOUD's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2x | ||
SCATC Scatec | 2.9x | 4.5% | NOK 12.7b |
MPCES MPC Energy Solutions | 1.7x | 14.7% | NOK 209.2m |
ENERG Energeia | 1.3x | 8.4% | NOK 84.7m |
NSOL Norsk Renewables | 2.3x | 64.6% | NOK 50.4m |
CLOUD Cloudberry Clean Energy | 8.5x | 14.5% | NOK 3.3b |
Price-To-Sales vs Peers: CLOUD is expensive based on its Price-To-Sales Ratio (8.5x) compared to the peer average (2x).
Price to Sales Ratio vs Industry
How does CLOUD's PS Ratio compare vs other companies in the European Renewable Energy Industry?
| 13 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 13 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: CLOUD is expensive based on its Price-To-Sales Ratio (8.5x) compared to the European Renewable Energy industry average (2.6x).
Price to Sales Ratio vs Fair Ratio
What is CLOUD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 8.5x |
| Fair PS Ratio | 4.1x |
Price-To-Sales vs Fair Ratio: CLOUD is expensive based on its Price-To-Sales Ratio (8.5x) compared to the estimated Fair Price-To-Sales Ratio (4.1x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | NOK 10.90 | NOK 14.00 +28.4% | 4.5% | NOK 15.00 | NOK 13.00 | n/a | 5 |
| Nov ’25 | NOK 12.38 | NOK 13.40 +8.2% | 7.6% | NOK 15.00 | NOK 12.00 | n/a | 5 |
| Oct ’25 | NOK 12.24 | NOK 13.20 +7.8% | 8.8% | NOK 15.00 | NOK 12.00 | n/a | 5 |
| Sep ’25 | NOK 13.18 | NOK 13.20 +0.2% | 8.8% | NOK 15.00 | NOK 12.00 | n/a | 5 |
| Aug ’25 | NOK 11.66 | NOK 11.80 +1.2% | 3.4% | NOK 12.00 | NOK 11.00 | n/a | 5 |
| Jul ’25 | NOK 12.02 | NOK 11.40 -5.2% | 10.5% | NOK 12.00 | NOK 9.00 | n/a | 5 |
| Jun ’25 | NOK 10.46 | NOK 11.60 +10.9% | 11.7% | NOK 13.00 | NOK 9.00 | n/a | 5 |
| May ’25 | NOK 9.07 | NOK 12.50 +37.8% | 16.0% | NOK 15.00 | NOK 9.00 | n/a | 5 |
| Apr ’25 | NOK 9.95 | NOK 12.90 +29.6% | 12.6% | NOK 15.00 | NOK 10.00 | n/a | 5 |
| Mar ’25 | NOK 9.80 | NOK 13.10 +33.7% | 12.9% | NOK 15.00 | NOK 10.00 | n/a | 5 |
| Feb ’25 | NOK 10.06 | NOK 14.10 +40.2% | 8.5% | NOK 15.00 | NOK 12.00 | n/a | 5 |
| Jan ’25 | NOK 11.56 | NOK 14.10 +22.0% | 8.5% | NOK 15.00 | NOK 12.00 | n/a | 5 |
| Dec ’24 | NOK 9.91 | NOK 14.10 +42.3% | 8.5% | NOK 15.00 | NOK 12.00 | n/a | 5 |
| Nov ’24 | NOK 10.82 | NOK 13.88 +28.2% | 9.0% | NOK 15.00 | NOK 12.00 | NOK 12.38 | 4 |
| Oct ’24 | NOK 10.70 | NOK 13.88 +29.7% | 9.0% | NOK 15.00 | NOK 12.00 | NOK 12.24 | 4 |
| Sep ’24 | NOK 10.38 | NOK 13.50 +30.1% | 9.1% | NOK 15.00 | NOK 12.00 | NOK 13.18 | 3 |
| Aug ’24 | NOK 11.90 | NOK 15.17 +27.5% | 4.1% | NOK 16.00 | NOK 14.50 | NOK 11.66 | 3 |
| Jul ’24 | NOK 12.78 | NOK 15.25 +19.3% | 4.9% | NOK 16.00 | NOK 14.50 | NOK 12.02 | 2 |
| Jun ’24 | NOK 12.22 | NOK 15.25 +24.8% | 4.9% | NOK 16.00 | NOK 14.50 | NOK 10.46 | 2 |
| May ’24 | NOK 10.54 | NOK 18.67 +77.1% | 10.1% | NOK 20.00 | NOK 16.00 | NOK 9.07 | 3 |
| Apr ’24 | NOK 11.38 | NOK 18.67 +64.0% | 10.1% | NOK 20.00 | NOK 16.00 | NOK 9.95 | 3 |
| Mar ’24 | NOK 11.00 | NOK 18.67 +69.7% | 10.1% | NOK 20.00 | NOK 16.00 | NOK 9.80 | 3 |
| Feb ’24 | NOK 11.62 | NOK 19.33 +66.4% | 4.9% | NOK 20.00 | NOK 18.00 | NOK 10.06 | 3 |
| Jan ’24 | NOK 12.40 | NOK 19.33 +55.9% | 4.9% | NOK 20.00 | NOK 18.00 | NOK 11.56 | 3 |
| Dec ’23 | NOK 13.66 | NOK 19.33 +41.5% | 4.9% | NOK 20.00 | NOK 18.00 | NOK 9.91 | 3 |
| Nov ’23 | NOK 12.64 | NOK 19.33 +53.0% | 4.9% | NOK 20.00 | NOK 18.00 | NOK 10.82 | 3 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.