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EnergyVision NV (ENRGY) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of EnergyVision NV stock €4.39, price €17.56, that is 75.0% below the price, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.

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Utilities BE · ISIN BE0974499312

EN EnergyVision NV logo Some data Nov 5, 2026

EnergyVision NV

ENRGY · BR
Very expensive, weak quality

Our calculation puts a fair price 75% below what the stock costs today.

Revenue last quarter +35% vs. a year ago.
Quality 43/100
Expensive Growth (revenue YoY +73.6 %/yr in EUR)
Thin margins · 8.7% net margin (TTM)
Moderate debt
Mixed vs. peers (6/12)
Moderate moat 50/100 · thin data
Some data
Fair value €4.39 · Strongly overvalued
Negative free cash flow
⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€18.18 €9.16 Fair Value €4.39 Jul 2025 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

16‑month range €9.16 – €18.18 · fair‑value band €3.29 – €5.48 · the €17.56 price screens above the €4.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

EnergyVision NV operates as a B2B and B2C provider of solar energy and mobility-as-a-service solutions for both corporate and residential clients in Belgium. Additionally, the company engages in building, owning, and operating photovoltaic (PV) and electric charging infrastructure.

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The company offers green electricity solutions in Belgium by building, owning and operating photovoltaic installations on the electricity production side and acting as energy supplier for homes and EV charging on the consumption side, other renewable energy suppliers.

EnergyVision NV was incorporated in 2014 and is based in Gent, Belgium. EnergyVision NV operates as a subsidiary of Mdm Holding Bvba.

Stock analysis

EnergyVision NV (ENRGY) currently trades at €17.56, while our model-based Fair Value estimate is €4.39, 75% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of €7.12 per share, and 0 of the 14 models we run sit above the €17.56 price.

Bear case: the Asset-Based group reads lowest at €0.9200, and 14 of the 14 models stay below the price. Data coverage for this calculation is medium.

Scenario range: €3.29 (bear) to €5.48 (bull), the price of €17.56 sits above 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 43/100 (below-average quality), in the Utilities sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

EnergyVision NV reported revenue of €173M in FY2025 versus €108M in FY2022, a compound +17.1%/yr. Reported net income was €15.7M in FY2025, compounding +36.4%/yr from FY2022.

Key figures

Market cap €1.1B Small · P/E ratio 54.9 · P/S ratio 5.11 · EPS (TTM) €0.3200 · Net margin 8.7% · Return on equity 16.0% · Return on assets (EBIT) 5.3% (4-year average) · Operating margin 10.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 3% below its 52-week high and 92% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at −75%, ENRGY screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (€0.9200 to €12.24). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear €3.29 Fair Value €4.39 Bull €5.48
Price €17.56 · Downside -75.0%
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 (€0.2744 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.
Best data coverage
EPV €1.10 €1.37 €1.59 71
ROIC Compounder €1.10 €1.37 €1.59 69
Residual Income €1.85 €2.05 €2.53 68
All 14 models by family
Earnings-Based
Graham-Dodd €1.75 €12.24 €17.17 60
Lynch FV €3.99 €5.70 €7.40 58
PEG = 1.0 €3.99 €5.70 €7.40 55
EPV €1.10 €1.37 €1.59 71
Multiples
P/E Multiple €3.48 €4.64 €5.81 63
P/S Multiple €3.29 €4.39 €5.48 58
P/B Multiple €1.86 €2.48 €3.10 55
EV/EBIT €2.79 €4.13 €5.48 65
EV/EBITDA €3.52 €5.11 €6.70 67
EV/Revenue €2.02 €3.42 €4.81 52
Asset-Based
NCAV (Graham) €0.6900 €0.9200 €1.38 54
Economic Profit
Residual Income €1.85 €2.05 €2.53 68
ROIC Compounder €1.10 €1.37 €1.59 69
Growth Earnings
Growth-Adj P/E €4.98 €7.12 €9.26 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 43/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 39
How much profit the company makes from its sales and capital
Quality Growth 54
Are margins and returns getting better?
Cashflow 38
Do the profits arrive as real cash?
Financial strength 43
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 72
How calm the share price moves, does not count
Price momentum 83
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 97
Distance to the 52-week high, does not count
New shares 81
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘ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 3 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+30.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+30.9%
Dividend (yield on the price)0.0%
Profit margin 2022 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.9% → 13%
2025 sits 154% above its own trend. The rate follows the median trend of the last 3 years, not that single year.

ENRGY screens overvalued: fair value 75% below the price. Compare with China Yangtze Power Co →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Renewable · 195 stocks

Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 43 · Above median
Fair Value upside −75.0% · Bottom 25%
Profitability
Return on equity (12 months) 16.0% · Top 25%
Return on assets 4.6% · Top 25%
Net margin (12 months) 8.7% · Above median
Operating margin (12 months) 10.8% · Below median
Growth and dividend
Revenue growth (quarter YoY) 34.8% · Top 25%
Balance sheet
Debt / equity 0.61× · Below median

Valuation Multiplesvs Utilities - Renewable median · lower = cheaper

P/E (12 months) 54.9× · Priciest 25%
P/B 8.02× · Priciest 25%
P/S (12 months) 5.11× · Pricier than median
EV/EBITDA 26.9× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 13
FUTURE (revenue growth)100 · sector 14
PAST (return on equity)64 · sector 12
HEALTH (low debt)70 · sector 70
DIVIDEND (yield)0 · sector 47

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
BEP BEP $31.14 $72.13 +132% vs ENRGY
SDIC Power Holdings 600886 ¥15.72 ¥17.01 +8% vs ENRGY
China Yangtze Power Co 600900 ¥29.83 ¥32.21 +8% vs ENRGY
VERBUND AG VER €71.15 €66.45 −7% vs ENRGY
Fortum Oyj FORTUM €23.19 €11.12 −52% vs ENRGY
Huaneng Lancang River Hydropower Inc 600025 ¥10.99 ¥4.45 −60% vs ENRGY
Public Power Corporation PPC €23.72 €6.43 −73% vs ENRGY
EDP Renewables, S.A EDPR €14.49 €3.67 −75% vs ENRGY
Ørsted A/S ORSTED kr 148.70 kr 33.25 −78% vs ENRGY
Adani Green Energy Limited ADANIGREEN ₹1,449 ₹170.50 −88% vs ENRGY

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EnergyVision NV: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "EnergyVision NV Fair Value". https://www.fairvalue-calculator.com/stock/ENRGY

Frequently asked questions

Is EnergyVision NV (ENRGY) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of €4.39 versus a price of €17.56, about 75% lower (overvalued).
What is the fair value of ENRGY?
Our model-based fair value for EnergyVision NV is €4.39 (as of Nov 5, 2026), built from audited fundamentals. The current price: €17.56.
What is the quality score of ENRGY?
EnergyVision NV has a Quality Score of 43/100. 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 EnergyVision NV (ENRGY)?
Our model-based price target is the fair value of €4.39 (as of Nov 5, 2026) from 14 valuation models. Cautious scenario €3.29, optimistic scenario €5.48. It is a calculation from audited fundamentals, not an analyst target.
What is the EnergyVision NV stock forecast for 2026?
Our models put fair value at €4.39, about 75% lower versus a price of €17.56 (overvalued). Cautious scenario €3.29, optimistic scenario €5.48. The calculation is refreshed regularly with new filings.
What is the revenue of EnergyVision NV (ENRGY)?
EnergyVision NV reported trailing-twelve-month revenue of about €209M (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of EnergyVision NV (ENRGY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EnergyVision NV it is €4.39 per share (as of Nov 5, 2026), against a price of €17.56. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is EnergyVision NV stock overvalued or undervalued in 2026?
As of Nov 5, 2026, ENRGY trades above its calculated fair value: price €17.56, fair value €4.39, a gap of about −75% (overvalued). 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 ENRGY?
No. The price is what the market pays today (€17.56); the fair value is what the company's own numbers justify (€4.39). For EnergyVision NV the two are €13.17 per share apart. That gap is exactly why we show both numbers side by side.
How much is EnergyVision NV worth?
The market values EnergyVision NV at about €1.1B (market capitalisation, as of Nov 5, 2026). Per share that is €17.56; our models calculate a fair value of €4.39 per share.
What do the bullish and bearish scenarios say about ENRGY?
Our models span a range for EnergyVision NV: cautious scenario €3.29, base €4.39, optimistic €5.48 per share (as of Nov 5, 2026, price €17.56). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENRGY?
EnergyVision NV trades at a price-to-earnings ratio of 54.9 (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 €4.39 is built from several models across several years. Other multiples: P/B 8.0, P/S 5.1, EV/EBITDA 26.9.
How solid is the balance sheet of EnergyVision NV (ENRGY)?
Balance-sheet figures for EnergyVision NV (as of Nov 5, 2026): return on equity 16.0%, debt of 0.61 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is ENRGY from its 52-week high?
EnergyVision NV trades at €17.56, about 3% below its 52-week high of €18.18 and 92% above the low of €9.16 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €4.39 is for.
Which stocks are comparable to EnergyVision NV?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, VERBUND AG, 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 EnergyVision NV stock attractive at the current price?
The data as of Nov 5, 2026: price €17.56, calculated fair value €4.39 (−75%), Quality Score 43/100, from 14 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 ENRGY calculated?
We run EnergyVision NV through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €4.39 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. EnergyVision NV itself currently trades above fair value. 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 EnergyVision NV (ENRGY)?
The closing price on Nov 9, 2026 was €17.56. Our model-based fair value is €4.39, about 75% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EnergyVision NV right now?
The price sits above even our optimistic bull case (€5.48). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.

Key figures of EnergyVision NV

How large is the market capitalisation of EnergyVision NV (ENRGY)?
The market capitalisation of EnergyVision NV is €1.1B. 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 EnergyVision NV (ENRGY)?
The price-to-sales ratio of EnergyVision NV is 5.11 (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 EnergyVision NV (ENRGY)?
Earnings per share at EnergyVision NV are €0.3200 (price ÷ EPS = P/E 54.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of EnergyVision NV (ENRGY)?
The net margin of EnergyVision NV is 8.7% (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 EnergyVision NV (ENRGY)?
The return on equity (ROE) of EnergyVision NV is 16.0% (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 EnergyVision NV (ENRGY)?
On an EBIT basis the return on assets of EnergyVision NV is 5.3% (avg 4y). 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 EnergyVision NV (ENRGY)?
The operating margin of EnergyVision NV is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EnergyVision NV (ENRGY)?
Revenue at EnergyVision NV is growing +34.8% versus a year earlier (3y avg +17.1%). 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 EnergyVision NV (ENRGY)?
Earnings per share at EnergyVision NV are growing −42.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does EnergyVision NV (ENRGY) generate?
The free cash flow of EnergyVision NV is −€15.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does EnergyVision NV (ENRGY) carry?
The net debt of EnergyVision NV is €75.3M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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