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Altea Green Power SpA (AGP) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Altea Green Power SpA €12.48, price €6.01, upside +107.7%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Technology · IT · ISIN IT0005472730

AG Broad data Sep 23, 2026

Altea Green Power SpA

AGP · MI

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value €12.48 · Strongly undervalued (+108%)
!Quality 55/100
!Mixed Growth (revenue 5y +46.8 %/yr)
✓Highly profitable · 28.9% net margin (TTM)
✓Low debt · generates free cash flow
!Mixed vs. peers (7/13)
!Moderate moat 53/100

What runs behind every stock

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

Price vs Fair Value

€9.28 €1.30 Fair Value €12.48 Feb 2022 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

56‑month range €1.30 – €9.28 · fair‑value band €7.05 – €15.67 · the €6.01 price screens below the €12.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

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

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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.

Stock analysis

Altea Green Power SpA (AGP) currently trades at €6.01, while our model-based Fair Value estimate is €12.48, implying the stock looks roughly 51.8% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of €23.05 per share, and 21 of the 24 models we run sit above the €6.01 price.

Bear case: the Asset-Based group reads lowest at €1.58, and 3 of the 24 models stay below the price. Evidence for this calculation is high.

Scenario range: €7.05 (bear) to €15.67 (bull), the price of €6.01 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 55/100 (solid quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Altea Green Power SpA 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. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap €131M · P/E ratio 22.3 · P/S ratio 8.53 · EPS (TTM) €0.2700 · Net margin 38.3% · Return on equity 12.4% · Return on assets (EBIT) 22.1% · Operating margin 0.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 28% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 108%, AGP screens cheaper than that median.

Fair Value models

Bear €7.05 Fair Value €12.48 Bull €15.67
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.1982 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. Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF €8.88 €12.22 €21.98 76
Growth DCF €8.35 €13.14 €20.62 75
Owner Earnings €5.97 €11.19 €20.30 71
All 24 models by family
DCF Models
FCF DCF €8.88 €12.22 €21.98 76
Owner Earnings €5.97 €11.19 €20.30 71
5Y Revenue Exit €6.39 €9.84 €16.99 68
5Y EBITDA Exit €9.70 €16.51 €29.86 70
5Y P/E Exit €9.70 €20.43 €34.96 66
10Y Revenue Exit €7.16 €13.02 €16.19 65
10Y EBITDA Exit €9.36 €19.09 €35.76 63
10Y P/E Exit €9.36 €19.08 €34.80 59
Earnings-Based
Graham-Dodd €3.10 €21.62 €30.35 61
Lynch FV €11.17 €15.96 €20.75 59
PEG = 1.0 €11.17 €15.96 €20.75 55
EPV €4.48 €4.95 €5.33 71
Multiples
P/E Multiple €9.58 €12.77 €15.96 63
P/S Multiple €4.91 €6.55 €8.18 58
P/B Multiple €5.81 €7.75 €9.69 55
EV/EBIT €13.08 €17.25 €21.43 66
EV/EBITDA €10.14 €13.33 €16.52 67
EV/Revenue €4.72 €6.51 €8.29 54
Asset-Based
NCAV (Graham) €1.18 €1.58 €2.36 54
Growth DCF
Growth DCF €8.35 €13.14 €20.62 75
Rev-Margin DCF €6.95 €10.99 €19.32 68
Economic Profit
Residual Income €2.36 €3.13 €8.32 60
ROIC Compounder €5.46 €7.46 €9.43 70
Growth Earnings
Growth-Adj P/E €16.13 €23.05 €29.96 65

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Quality Score breakdown

Overall quality 55/100

Of which business quality 61 · Market factors (momentum, volatility) 37

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 66
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 34
Share count: buybacks or dilution?

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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. 94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−37.8%
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.
+11.0%
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.
+46.8%
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.
+22.7%
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.
≈ +84.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+84.8%
Dividend (yield on the price)0.0%
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.30% → 58%
⚠ Approximate: the rate leans on 2025, which sits 54% above its own trend.

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).
+7.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +5.2% a year for the price.

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Compare Altea Green Power SpA with another stock

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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.Solar · 113 stocks

Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 55 · Top 25%
Fair Value upside +107% · Top 25%
Profitability
Return on equity (TTM) 12% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 1% · Below median
Growth and dividend
Revenue growth −76% · Bottom 25%
Balance sheet
Debt / equity 0.36× · Below median

Valuation Multiplesvs Solar median · lower = cheaper

P/E (TTM) 22.3× · Cheaper than median
P/B 3.47× · Priciest 25%
P/S (TTM) 8.70× · Priciest 25%
P/FCF 12.2× · Pricier than median
EV/EBITDA 16.4× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 23
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)49 · sector 0
HEALTH (low debt)82 · sector 81
DIVIDEND (yield)0 · sector 30

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 Solar stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $191.97 $392.12 +104%
Nextpower Inc NXT $82.52 $90.77 +10%
Tongwei Co 600438 ¥11.58 ¥12.13 +5%
Waaree Energies Limited WAAREEENER ₹2,512 ₹2,709 +8%
Jinko Solar Co 688223 ¥3.85 ¥6.47 +68%
Enphase Energy, Inc ENPH $34.42 $24.15 −30%
CSI Solar Co 688472 ¥8.53 ¥4.82 −43%
Hengdian Group 002056 ¥20.33 ¥31.86 +57%
Premier Energies Limited PREMIERENE ₹915.00 ₹648.94 −29%
Trina Solar Co 688599 ¥11.20 ¥31.67 +183%

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

Frequently asked questions

Is Altea Green Power SpA (AGP) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €12.48 versus a price of €6.01, about +108% upside (undervalued).
What is the fair value of AGP?
Our model-based fair value for Altea Green Power SpA is €12.48 (as of Sep 23, 2026), built from audited fundamentals. The current price: €6.01.
What is the quality score of AGP?
Altea Green Power SpA 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 price target for Altea Green Power SpA (AGP)?
Our model-based price target is the fair value of €12.48 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario €7.05, optimistic scenario €15.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Altea Green Power SpA stock forecast for 2026?
Our models put fair value at €12.48, about +108% upside versus a price of €6.01 (undervalued). Cautious scenario €7.05, optimistic scenario €15.67. The calculation is refreshed regularly with new filings.
What is the revenue of Altea Green Power SpA (AGP)?
Altea Green Power SpA reported trailing-twelve-month revenue of about €17.2M (latest available figure, as of Sep 23, 2026).
What growth is priced into Altea Green Power SpA (AGP)?
For today's price to be fair in a discounted-cash-flow model, Altea Green Power SpA would have to grow free cash flow by +7.5 % per year for five years (discount rate 14.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +46.8 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of AGP use?
Our models discount Altea Green Power SpA at 14.8 %: a base by market capitalisation (micro), damped by beta 0.95, country premium for Italy. 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 Altea Green Power SpA that is +7.5 % per year a year over ten years, using the same discount rate (14.8 %) and the same formula as our fair value.
How much growth has Altea Green Power SpA (AGP) delivered so far?
Over the past 5 years revenue at Altea Green Power SpA grew +46.8 % a year. The price currently implies +7.5 % per year free-cash-flow growth a 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 Altea Green Power SpA (AGP) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Altea Green Power SpA (+7.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Altea Green Power SpA (AGP)?
The free-cash-flow yield on the price is 11.18 %: that much free cash flow Altea Green Power SpA produces per unit of market value. When it exceeds the discount rate of our models (14.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Altea Green Power SpA (AGP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Altea Green Power SpA it is €12.48 per share (as of Sep 23, 2026), against a price of €6.01. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Altea Green Power SpA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, AGP trades below its calculated fair value: price €6.01, fair value €12.48, a gap of about +108% (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 AGP?
No. The price is what the market pays today (€6.01); the fair value is what the company's own numbers justify (€12.48). For Altea Green Power SpA the two are €6.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Altea Green Power SpA worth?
The market values Altea Green Power SpA at about €131M (market capitalisation, as of Sep 23, 2026). Per share that is €6.01; our models calculate a fair value of €12.48 per share.
What do the bullish and bearish scenarios say about AGP?
Our models span a range for Altea Green Power SpA: cautious scenario €7.05, base €12.48, optimistic €15.67 per share (as of Sep 23, 2026, price €6.01). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AGP?
Altea Green Power SpA trades at a price-to-earnings ratio of 22.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €12.48 is built from several models across several years. Other multiples: P/B 3.5, P/S 8.7, EV/EBITDA 16.4.
How solid is the balance sheet of Altea Green Power SpA (AGP)?
Balance-sheet figures for Altea Green Power SpA (as of Sep 23, 2026): return on equity 12.4%, debt of 0.36 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is AGP from its 52-week high?
Altea Green Power SpA trades at €6.01, about 28% below its 52-week high of €8.38 and 2% above the low of €5.90 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €12.48 is for.
Which stocks are comparable to Altea Green Power SpA?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, 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 Altea Green Power SpA stock attractive at the current price?
The data as of Sep 23, 2026: price €6.01, calculated fair value €12.48 (+108%), Quality Score 55/100, from 24 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 AGP calculated?
We run Altea Green Power SpA through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €12.48, 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 13.0 % above its aggregate fair value. Altea Green Power SpA currently trades 108 % 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 Altea Green Power SpA (AGP)?
The closing price on Sep 24, 2026 was €6.01. Our model-based fair value is €12.48, about +108% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Altea Green Power SpA right now?
The price is below even our cautious bear case (€7.05). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€7.05 to €15.67) leaves room in how you read the outcome.

Key figures of Altea Green Power SpA

How large is the market capitalisation of Altea Green Power SpA (AGP)?
The market capitalisation of Altea Green Power SpA is €131M. 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 Altea Green Power SpA (AGP)?
The price-to-sales ratio of Altea Green Power SpA is 8.53 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Altea Green Power SpA (AGP)?
Earnings per share at Altea Green Power SpA are €0.2700 (price ÷ EPS = P/E 22.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Altea Green Power SpA (AGP)?
The net margin of Altea Green Power SpA is 38.3% (fiscal year 2025). 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 Altea Green Power SpA (AGP)?
The return on equity (ROE) of Altea Green Power SpA is 12.4% (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 Altea Green Power SpA (AGP)?
On an EBIT basis the return on assets of Altea Green Power SpA is 22.1% (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 Altea Green Power SpA (AGP)?
The operating margin of Altea Green Power SpA is 0.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Altea Green Power SpA (AGP)?
Revenue at Altea Green Power SpA is growing −75.7% versus a year earlier (3y avg +11.0%). 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 Altea Green Power SpA (AGP)?
Earnings per share at Altea Green Power SpA are growing −89.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Altea Green Power SpA (AGP) carry?
The net debt of Altea Green Power SpA is €5.5M (fiscal year 2024, ≈ 0.4 yrs of FCF). 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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