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Altea Green Power S.p.A (AGP) Fair Value & Analysis

Technology · IT · Market cap €128M

AG Altea Green Power S.p.A AGP · MI
Price€7.09
Fair Value€8.93
Upside+26.0%
Quality55/100
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Mixed Growth
Highly profitable · 28.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Moderate moat 53/100
Evidence: High Range €6.62 – €11.23 Share as image

Fair value as of: Jul 14, 2026

From 24 valuation models · updated 27 days ago

Share price −3.7% over the past month.

A solid business, screening 26% undervalued on our models.

What matters now

  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from €6.62 (bear) to €11.23 (bull), base €8.93. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 55/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€9.28 €1.30 Fair Value €8.93 Feb 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

54‑month range €1.30 – €9.28 · fair‑value band €6.62 – €11.23 · the €7.09 price screens below the €8.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Altea Green Power S.p.A (AGP) currently trades at €7.09, while our model-based Fair Value estimate is €8.93, implying the stock looks roughly 26.0% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Altea Green Power S.p.A generated revenue of €17.2M at a net margin of 28.9%. Revenue declined 75.7% year over year. It earns a return on equity of 12.4%. Net debt stands at €5.5M. Fundamentals as of Jul 14, 2026

Our scenario range runs from €6.62 (bear case) to €11.23 (bull case); at €7.09, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -7% fair-value upside, at 26%, AGP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF €8.01 €12.60 €19.76 80
Rev-Margin DCF €5.19 €7.60 €12.40 74
ROIC Compounder €5.46 €7.46 €9.43 72
All 24 models by family
DCF Models
FCF DCF €8.52 €11.72 €21.05 38
Owner Earnings €5.63 €10.53 €19.07 31
5Y Revenue Exit €4.82 €6.78 €10.78 39
5Y EBITDA Exit €7.85 €12.89 €22.75 41
5Y P/E Exit €7.80 €15.72 €26.34 38
10Y Revenue Exit €6.12 €10.07 €11.81 36
10Y EBITDA Exit €8.08 €15.63 €28.31 37
10Y P/E Exit €8.04 €15.53 €27.42 35
Earnings-Based
Graham-Dodd €3.10 €21.62 €30.35 54
Lynch FV €11.17 €15.96 €20.75 50
PEG = 1.0 €11.17 €15.96 €20.75 46
EPV €4.48 €4.95 €5.33 59
Multiples
P/E Multiple €6.84 €9.12 €11.40 63
P/S Multiple €2.23 €2.98 €3.72 58
P/B Multiple €5.31 €7.08 €8.85 55
EV/EBIT €9.95 €13.08 €16.21 53
EV/EBITDA €7.47 €9.78 €12.09 54
EV/Revenue €2.64 €3.53 €4.42 43
Asset-Based
NCAV (Graham) €1.18 €1.58 €2.36 50
Growth DCF
Growth DCF €8.01 €12.60 €19.76 80
Rev-Margin DCF €5.19 €7.60 €12.40 74
Economic Profit
Residual Income €2.36 €3.13 €8.32 61
ROIC Compounder €5.46 €7.46 €9.43 72
Growth Earnings
Growth-Adj P/E €14.40 €20.57 €26.73 68

Widest divergence: Growth Earnings (€20.57) versus Asset-Based (€1.58). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €17.2M
Revenue growth (YoY) -75.7%
Net margin 28.9%
Return on equity 12.4%
Free cash flow €12.3M FY2025
P/E ratio 26.0
More key figures
Operating margin 0.7%
EPS (TTM) €0.2700
EPS growth (YoY) -89.7%
Net debt €5.5M FY2024

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 61 · Market factors (momentum, volatility) 44

Profitability 57
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 92
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 34
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Altea Green Power S.p.A., together with its subsidiaries, supplies and manages renewable energy plants in Italy and the United States.

Full company description

Altea Green Power S.p.A., together with its subsidiaries, supplies and manages renewable energy plants in Italy and the United States. The company engages in the development and building of industrial-scale rooftop and ground-mounted photovoltaic plants, agrivoltaics plant, wind farms, and battery energy storage systems; application of grid connection permits; completion of administrative procedures to obtain functional permits for the implementation of plants; and preliminary and final design and engineering works. It also provides turnkey solutions; energy audit; PPA energy services, revamping, and transfer of surface right of industrial roofs; consulting services; and financing of plant services. The company serves companies, funds, and investors. Altea Green Power S.p.A. was founded in 2008 and is headquartered in Rivoli, Italy.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Altea Green Power S.p.A reported revenue of €21.7M in FY2025 versus €2.6M in FY2021, a compound +70.8%/yr. Reported net income was €8.3M in FY2025, compounding +62.7%/yr from FY2021.

Growth Quality 94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€21.7M
Latest YoY
−37.8%
Avg. growth/yr (3Y) 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.
+11.0%
Avg. growth/yr (5Y) 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.
+46.8%
Avg. growth/yr (6Y) 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.
+22.7%
Revenue +70.8%/yr
FY21 €2.6M
FY22 €15.9M
FY23 €15.5M
FY24 €34.9M
FY25 €21.7M
Net income +62.7%/yr
FY21 €1.2M
FY22 €4.2M
FY23 €4.9M
FY24 €16.1M
FY25 €8.3M

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Cite: Fair Value Calculator (2026). "Altea Green Power S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/AGP

Peer Group

Solar · 118 stocks

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.

Quality Score 55 · Top 25%
Fair Value upside +26% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 1% · Above median
Revenue growth -76% · Bottom 25%
Debt / equity 0.36× · Higher than median

Valuation Multiples vs Solar median · lower = cheaper

P/E (TTM) 26.0× · Pricier than median
P/B 3.44× · Pricier than 75% of peers
P/S (TTM) 8.63× · Pricier than 75% of peers
P/FCF 12.1× · Pricier than median
EV/EBITDA 16.3× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 68 · sector 18
FUTURE 0 · sector 0
PAST 49 · sector 0
HEALTH 82 · sector 85
DIVIDEND 0 · sector 14

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Solar stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $221.03 $284.45 +29%
Nextpower Inc NXT $111.50 $69.61 -38%
Waaree Energies Limited WAAREEENER ₹2,923 ₹3,613 +24%
Tongwei Co 600438 ¥13.08 ¥12.13 -7%
Jinko Solar Co 688223 ¥4.39 ¥4.75 +8%
Hengdian Group 002056 ¥21.64 ¥22.76 +5%
CSI Solar Co 688472 ¥10.11 ¥7.01 -31%
Enphase Energy, Inc ENPH $44.83 $22.20 -50%
Premier Energies Limited PREMIERENE ₹1,086 ₹912.32 -16%
Trina Solar Co 688599 ¥12.98 ¥7.97 -39%

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Frequently asked questions

Is Altea Green Power S.p.A (AGP) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of €8.93 versus a price of €7.09, about +26% (undervalued).
What is the fair value of AGP?
Our model-based fair value for Altea Green Power S.p.A is €8.93 (as of Jul 14, 2026), built from audited fundamentals. The current price is €7.09.
What is the quality score of AGP?
Altea Green Power S.p.A has a Quality Score of 55/100. 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 revenue of Altea Green Power S.p.A (AGP)?
Altea Green Power S.p.A reported trailing-twelve-month revenue of about €17.2M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of AGP?
The net profit margin of Altea Green Power S.p.A is about 28.9%, meaning it keeps roughly 28.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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