E4U a.s. (EFORU) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of E4U a.s. stock CZK 241, price CZK 149, upside +61.5%, quality 86 out of 100. Rating: strongly undervalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 77.45 CZK – 396.00 CZK · fair‑value band 192.46 CZK – 312.75 CZK · the 149.00 CZK price screens below the 240.57 CZK fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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E4U a.s. invests in and operates renewable energy plants in the Czech Republic. It operates two solar parks, Dubnany and Ratiskovice power stations with a total installed capacity of 4.4 MWp in the area of Southern Moravian region.
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The company was founded in 2006 and is based in Dubnany, the Czech Republic. E4U a.s. operatrs as a subsidiary of E4U Finance s.r.o.
Stock analysis
E4U a.s. (EFORU) currently trades at 149.00 CZK, while our model-based Fair Value estimate is 240.57 CZK, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 497.80 CZK per share, and 18 of the 22 models we run sit above the 149.00 CZK price.
Bear case: the Asset-Based group reads lowest at 32.08 CZK, and 4 of the 22 models stay below the price. Data coverage for this calculation is high.
Scenario range: 192.46 CZK (bear) to 312.75 CZK (bull), the price of 149.00 CZK sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 86/100 (high quality), in the Energy sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
E4U a.s. reported revenue of 89.9M CZK in FY2025 versus 86.1M CZK in FY2021, a compound +1.1%/yr. Reported net income was 53.3M CZK in FY2025, compounding +5.1%/yr from FY2021.
Key figures
Market cap 708M CZK (≈ $32.5M) Micro · P/E ratio 8.3 · P/S ratio 4.15 · EPS (TTM) 18.25 CZK · Dividend yield 14.2% · Net margin 58.1% · Return on equity 28.6% · Return on assets (EBIT) 18.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 89 out of 100 (medium confidence).
What moves the price
The share trades about 57% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −27% fair-value upside, at 61%, EFORU screens cheaper than that median.
Fair Value models
Bear192.46 CZKFair Value 240.57 CZKBull312.75 CZK
Price 149.00 CZK · Upside +61.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (15.65 CZK per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+2.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.5%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.2%
’19
’20
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’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+20.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.8%
Dividend (yield on the price)14.2%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.66% → 66%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−13.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Czechia: IMF forecast 2.2% a year to 2030, 4.5% from 2016 to 2025) that is about −15.3% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Renewable Utilities” was too small, so the broader sector is used.)Energy · 929 stocks
Beats the sector median on 9/13 measures
Overall it ranks above its sector peers.
Valuation
Quality Score86 · Top 25%
Fair Value upside+61.5% · Top 25%
Profitability
Return on equity (12 months)28.6% · Top 25%
Return on assets21.4% · Top 25%
Net margin (12 months)58.1% · Top 25%
Operating margin (12 months)65.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−4.5% · Bottom 25%
Dividend yield (12 months)14.2% · Top 25%
Valuation Multiplesvs Energy median · lower = cheaper
P/E (12 months)8.3× · Cheaper than median
P/B3.18× · Priciest 25%
P/S (12 months)8.08× · Priciest 25%
Price / free cash flow (fiscal year)10.3× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "E4U a.s. Fair Value". https://www.fairvalue-calculator.com/stock/EFORU
Frequently asked questions
Is E4U a.s. (EFORU) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 240.57 CZK versus a price of 149.00 CZK, about +61% upside (undervalued).
What is the fair value of EFORU?
Our model-based fair value for E4U a.s. is 240.57 CZK (as of Nov 5, 2026), built from audited fundamentals. The current price: 149.00 CZK.
What is the quality score of EFORU?
E4U a.s. has a Quality Score of 86/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for E4U a.s. (EFORU)?
Our model-based price target is the fair value of 240.57 CZK (as of Nov 5, 2026) from 22 valuation models. Cautious scenario 192.46 CZK, optimistic scenario 312.75 CZK. It is a calculation from audited fundamentals, not an analyst target.
What is the E4U a.s. stock forecast for 2026?
Our models put fair value at 240.57 CZK, about +61% upside versus a price of 149.00 CZK (undervalued). Cautious scenario 192.46 CZK, optimistic scenario 312.75 CZK. The calculation is refreshed regularly with new filings.
What is the revenue of E4U a.s. (EFORU)?
E4U a.s. reported trailing-twelve-month revenue of about 87.6M CZK (latest available figure, as of Nov 5, 2026).
Does E4U a.s. pay a dividend?
E4U a.s. currently shows a dividend yield of 14.19% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of E4U a.s. (EFORU)?
E4U a.s. has a dividend yield of 14.2%.
What growth is priced into E4U a.s. (EFORU)?
For today's price to be fair in a discounted-cash-flow model, E4U a.s. would have to grow free cash flow by -13.4 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.5 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of EFORU use?
Our models discount E4U a.s. at 11.0 %: a base by market capitalisation (nano), damped by beta 0.21, country premium for Czechia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For E4U a.s. that is -13.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has E4U a.s. (EFORU) delivered so far?
Over the past 5 years revenue at E4U a.s. grew +1.5 % a year. The price currently implies free-cash-flow growth of -13.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of E4U a.s. (EFORU) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into E4U a.s. (-13.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of E4U a.s. (EFORU)?
The free-cash-flow yield on the price is 19.39 %: that much free cash flow E4U a.s. produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of E4U a.s. (EFORU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For E4U a.s. it is 240.57 CZK per share (as of Nov 5, 2026), against a price of 149.00 CZK. It is the blended result of 22 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is E4U a.s. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, EFORU trades below its calculated fair value: price 149.00 CZK, fair value 240.57 CZK, a gap of about +61% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EFORU?
No. The price is what the market pays today (149.00 CZK); the fair value is what the company's own numbers justify (240.57 CZK). For E4U a.s. the two are 91.57 CZK per share apart. That gap is exactly why we show both numbers side by side.
How much is E4U a.s. worth?
The market values E4U a.s. at about 708M CZK (market capitalisation, as of Nov 5, 2026). Per share that is 149.00 CZK; our models calculate a fair value of 240.57 CZK per share.
What do the bullish and bearish scenarios say about EFORU?
Our models span a range for E4U a.s.: cautious scenario 192.46 CZK, base 240.57 CZK, optimistic 312.75 CZK per share (as of Nov 5, 2026, price 149.00 CZK). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EFORU?
E4U a.s. trades at a price-to-earnings ratio of 8.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 240.57 CZK is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 6.5. Other multiples: P/B 3.2, P/S 8.1, EV/EBITDA 9.6.
How solid is the balance sheet of E4U a.s. (EFORU)?
Balance-sheet figures for E4U a.s. (as of Nov 5, 2026): return on equity 28.6%. They feed the Quality Score of 86/100, which measures business quality independently of the share price.
How far is EFORU from its 52-week high?
E4U a.s. trades at 149.00 CZK, about 57% below its 52-week high of 348.00 CZK and 4% above the low of 143.00 CZK (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 240.57 CZK is for.
Which stocks are comparable to E4U a.s.?
From the same area (Energy) we also value SOLARIUM, REALECO, Saudi Arabian Oil Company, Exxon Mobil Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is E4U a.s. stock attractive at the current price?
The data as of Nov 5, 2026: price 149.00 CZK, calculated fair value 240.57 CZK (+61%), Quality Score 86/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EFORU calculated?
We run E4U a.s. through 22 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 240.57 CZK builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. E4U a.s. currently trades 38% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of E4U a.s. (EFORU)?
The closing price on Nov 6, 2026 was 149.00 CZK. Our model-based fair value is 240.57 CZK, about +61% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with E4U a.s. right now?
The rarer combination: high quality (86/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (192.46 CZK). The market is more pessimistic than our downside scenario.
Key figures of E4U a.s.
How large is the market capitalisation of E4U a.s. (EFORU)?
The market capitalisation of E4U a.s. is 708M CZK (≈ $32.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of E4U a.s. (EFORU)?
The price-to-sales ratio of E4U a.s. is 4.15 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of E4U a.s. (EFORU)?
Earnings per share at E4U a.s. are 18.25 CZK (price ÷ EPS = P/E 8.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of E4U a.s. (EFORU)?
The dividend yield of E4U a.s. is 14.2% (payout 116%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of E4U a.s. (EFORU)?
The net margin of E4U a.s. is 58.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of E4U a.s. (EFORU)?
The return on equity (ROE) of E4U a.s. is 28.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of E4U a.s. (EFORU)?
On an EBIT basis the return on assets of E4U a.s. is 18.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of E4U a.s. (EFORU)?
The operating margin of E4U a.s. is 65.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at E4U a.s. (EFORU)?
Revenue at E4U a.s. is growing −4.5% versus a year earlier (3y avg −0.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at E4U a.s. (EFORU)?
Earnings per share at E4U a.s. are growing −8.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 5, 2026