Cloudberry Clean Energy ASA

OB:CLOUD Stock Report

Market Cap: NOK 3.6b

Cloudberry Clean Energy Valuation

Is CLOUD 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-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.

Discounted Cash Flow
Simply Wall St
NOK 14.20
Fair Value
13.1% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: CLOUD (NOK12.34) is trading below our estimate of fair value (NOK14.2)

Significantly Below Fair Value: CLOUD 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 CLOUD?

Key metric: As CLOUD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CLOUD. This is calculated by dividing CLOUD's market cap by their current revenue.
What is CLOUD's PS Ratio?
PS Ratio9.3x
SalesNOK 385.00m
Market CapNOK 3.56b

Price to Sales Ratio vs Peers

How does CLOUD's PS Ratio compare to its peers?

The above table shows the PS ratio for CLOUD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2x
SCATC Scatec
2.9x4.5%NOK 12.6b
MPCES MPC Energy Solutions
1.7x14.7%NOK 217.6m
ENERG Energeia
1.1x8.4%NOK 74.6m
NSOL Norsk Renewables
2.2xn/aNOK 50.6m
CLOUD Cloudberry Clean Energy
9.3x14.5%NOK 3.6b

Price-To-Sales vs Peers: CLOUD is expensive based on its Price-To-Sales Ratio (9.3x) 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 CompaniesPrice / SalesEstimated GrowthMarket Cap
CLOUD 9.3xIndustry Avg. 2.5xNo. of Companies13PS0246810+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CLOUD is expensive based on its Price-To-Sales Ratio (9.3x) compared to the European Renewable Energy industry average (2.5x).

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.

CLOUD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.3x
Fair PS Ratio4.1x

Price-To-Sales vs Fair Ratio: CLOUD is expensive based on its Price-To-Sales Ratio (9.3x) 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?

The above table shows the analyst CLOUD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 12.34
NOK 14.00
+13.5%
4.5%NOK 15.00NOK 13.00n/a5
Jan ’26NOK 12.52
NOK 14.00
+11.8%
4.5%NOK 15.00NOK 13.00n/a5
Dec ’25NOK 11.26
NOK 14.00
+24.3%
4.5%NOK 15.00NOK 13.00n/a5
Nov ’25NOK 12.38
NOK 13.40
+8.2%
7.6%NOK 15.00NOK 12.00n/a5
Oct ’25NOK 12.24
NOK 13.20
+7.8%
8.8%NOK 15.00NOK 12.00n/a5
Sep ’25NOK 13.18
NOK 13.20
+0.2%
8.8%NOK 15.00NOK 12.00n/a5
Aug ’25NOK 11.66
NOK 11.80
+1.2%
3.4%NOK 12.00NOK 11.00n/a5
Jul ’25NOK 12.02
NOK 11.40
-5.2%
10.5%NOK 12.00NOK 9.00n/a5
Jun ’25NOK 10.46
NOK 11.60
+10.9%
11.7%NOK 13.00NOK 9.00n/a5
May ’25NOK 9.07
NOK 12.50
+37.8%
16.0%NOK 15.00NOK 9.00n/a5
Apr ’25NOK 9.95
NOK 12.90
+29.6%
12.6%NOK 15.00NOK 10.00n/a5
Mar ’25NOK 9.80
NOK 13.10
+33.7%
12.9%NOK 15.00NOK 10.00n/a5
Feb ’25NOK 10.06
NOK 14.10
+40.2%
8.5%NOK 15.00NOK 12.00n/a5
Jan ’25NOK 11.56
NOK 14.10
+22.0%
8.5%NOK 15.00NOK 12.00NOK 12.525
Dec ’24NOK 9.91
NOK 14.10
+42.3%
8.5%NOK 15.00NOK 12.00NOK 11.265
Nov ’24NOK 10.82
NOK 13.88
+28.2%
9.0%NOK 15.00NOK 12.00NOK 12.384
Oct ’24NOK 10.70
NOK 13.88
+29.7%
9.0%NOK 15.00NOK 12.00NOK 12.244
Sep ’24NOK 10.38
NOK 13.50
+30.1%
9.1%NOK 15.00NOK 12.00NOK 13.183
Aug ’24NOK 11.90
NOK 15.17
+27.5%
4.1%NOK 16.00NOK 14.50NOK 11.663
Jul ’24NOK 12.78
NOK 15.25
+19.3%
4.9%NOK 16.00NOK 14.50NOK 12.022
Jun ’24NOK 12.22
NOK 15.25
+24.8%
4.9%NOK 16.00NOK 14.50NOK 10.462
May ’24NOK 10.54
NOK 18.67
+77.1%
10.1%NOK 20.00NOK 16.00NOK 9.073
Apr ’24NOK 11.38
NOK 18.67
+64.0%
10.1%NOK 20.00NOK 16.00NOK 9.953
Mar ’24NOK 11.00
NOK 18.67
+69.7%
10.1%NOK 20.00NOK 16.00NOK 9.803
Feb ’24NOK 11.62
NOK 19.33
+66.4%
4.9%NOK 20.00NOK 18.00NOK 10.063
Jan ’24NOK 12.40
NOK 19.33
+55.9%
4.9%NOK 20.00NOK 18.00NOK 11.563
Analyst Price Target
Consensus Narrative from 5 Analysts
NOK 14.00
Fair Value
11.9% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/09 00:51
End of Day Share Price 2025/01/09 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Cloudberry Clean Energy ASA is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Eivind GarvikCarnegie Investment Bank AB
Helene BrondboDNB Markets
Ahmed FarmanJefferies LLC