We’ve recently updated our valuation analysis.

Energy Vault Holdings Valuation

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

[object Object] Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NRGV key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.5x
Enterprise Value/EBITDA-6.1x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NRGV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average14.7x
SMR NuScale Power
57.1x80.9%US$2.5b
TPIC TPI Composites
0.3x9.7%US$484.1m
AZZ AZZ
0.8x13.2%US$1.0b
BW Babcock & Wilcox Enterprises
0.5x7.9%US$452.9m
NRGV Energy Vault Holdings
11x80.9%US$499.1m

Price-To-Sales vs Peers: NRGV is good value based on its Price-To-Sales Ratio (11x) compared to the peer average (14.7x).


Price to Earnings Ratio vs Industry

How does NRGV's PE Ratio compare vs other companies in the US Electrical Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.5%
n/an/an/a

Price-To-Sales vs Industry: NRGV is expensive based on its Price-To-Sales Ratio (11x) compared to the US Electrical industry average (2x)


Price to Sales Ratio vs Fair Ratio

What is NRGV'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.

NRGV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio11x
Fair PS Ratio175.7x

Price-To-Sales vs Fair Ratio: NRGV is good value based on its Price-To-Sales Ratio (11x) compared to the estimated Fair Price-To-Sales Ratio (175.7x).


Share Price vs Fair Value

What is the Fair Price of NRGV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NRGV ($3.61) is trading below our estimate of fair value ($6.72)

Significantly Below Fair Value: NRGV is trading below fair value by more than 20%.


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 NRGV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$3.61
US$8.20
+127.1%
39.6%US$13.00US$3.00n/a5
Nov ’23US$2.95
US$10.20
+245.8%
29.5%US$13.00US$4.50n/a5
Oct ’23US$5.28
US$11.30
+114.0%
29.8%US$15.00US$5.00n/a5
Sep ’23US$5.31
US$11.30
+112.8%
29.8%US$15.00US$5.00n/a5
Aug ’23US$4.06
US$14.20
+249.8%
30.0%US$19.00US$7.00n/a5
Jul ’23US$8.29
US$16.00
+93.0%
30.9%US$22.00US$8.00n/a5
Jun ’23US$15.93
US$16.75
+5.1%
31.4%US$22.00US$8.00n/a4
May ’23US$13.89
US$17.00
+22.4%
28.5%US$22.00US$9.00n/a4
Apr ’23US$16.05
US$17.00
+5.9%
28.5%US$22.00US$9.00n/a4
Mar ’23US$12.01
US$18.00
+49.9%
0%US$18.00US$18.00n/a1

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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