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Enogia SAS (ALENO) Fair Value & Analysis

Industrials · FR · Market cap €39.9M

ES Enogia SAS ALENO · PA
Price€6.70
Fair Value€0.7900
Upside-88.2%
Quality44/100
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Mixed Growth
Thin margins · 1.2% net margin
Low debt · generates free cash flow
Trails peers (1/13)
Narrow moat 25/100
Evidence: High Range €0.7900 – €0.7900 Share as image

Fair value as of: Jul 19, 2026

From 20 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from €0.8000 to €0.7900 (−1.3%) since Jul 14, 2026. Share price +7.0% over the past month.

Below-average quality, and screening another 88% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€0.7900). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

€10.53 €1.51 Fair Value €0.7900 Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €1.51 – €10.53 · the €6.70 price screens above the €0.7900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Enogia SAS (ALENO) currently trades at €6.70, while our model-based Fair Value estimate is €0.7900, implying the stock looks roughly 88.2% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Enogia SAS generated revenue of €15.0M at a net margin of 1.2%. Revenue grew 59.7% year over year. It earns a return on equity of -5.7%. Net debt stands at €3.3M. Fundamentals as of Jul 19, 2026

The share trades about 7% below its 52-week high and 134% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -88%, ALENO screens richer 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 €2.64 €4.19 €6.62 80
Rev-Margin DCF €2.74 €4.71 €8.82 74
Growth-Adj P/E €0.8500 €1.21 €1.58 68
All 20 models by family
DCF Models
FCF DCF €2.81 €3.89 €7.06 38
5Y Revenue Exit €2.50 €4.13 €7.52 39
5Y EBITDA Exit €2.18 €3.48 €6.02 41
5Y P/E Exit €1.35 €2.13 €3.07 38
10Y Revenue Exit €2.54 €5.07 €6.58 36
10Y EBITDA Exit €2.41 €4.48 €7.88 37
10Y P/E Exit €1.89 €2.95 €4.43 35
Earnings-Based
Graham-Dodd €0.1900 €1.31 €1.84 54
Lynch FV €0.6400 €0.9200 €1.20 50
PEG = 1.0 €0.6400 €0.9200 €1.20 46
Multiples
P/E Multiple €0.4400 €0.5800 €0.7300 63
P/S Multiple €0.3500 €0.4700 €0.5900 58
P/B Multiple €0.3500 €0.4700 €0.5900 55
EV/EBITDA €1.83 €2.41 €2.98 54
EV/Revenue €2.18 €3.07 €3.96 43
Asset-Based
NCAV (Graham) €0.5600 €0.7500 €1.12 50
Growth DCF
Growth DCF €2.64 €4.19 €6.62 80
Rev-Margin DCF €2.74 €4.71 €8.82 74
Economic Profit
Residual Income €0.7200 €0.6600 €0.4600 61
Growth Earnings
Growth-Adj P/E €0.8500 €1.21 €1.58 68

Widest divergence: Growth DCF (€4.19) versus Multiples (€0.5800). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €15.0M
Revenue growth (YoY) +59.7%
Net margin 1.2%
Return on equity -5.7%
Free cash flow €1.5M FY2022
P/E ratio 230.0
More key figures
Operating margin 1.6%
EPS (TTM) €0.0300
Net debt €3.3M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 47 · Market factors (momentum, volatility) 72

Profitability 21
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 40
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

Enogia SAS designs, manufactures, and sells micro-turbomachines in France and internationally. The company develops Organic Rankine Cycle (ORC) systems that converts heat into electricity. It also offers air compressors for hydrogen fuel cells. The company was founded in 2009 and is based in Marseille, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Enogia SAS reported revenue of €12.6M in FY2025 versus €4.3M in FY2021, a compound +31.1%/yr. Reported net income was €176K in FY2025.

Growth Quality 78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€12.6M
Latest YoY
+25.2%
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.
+35.2%
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.
+35.2%
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.
+20.5%
Revenue +31.1%/yr
FY21 €4.3M
FY22 €5.1M
FY23 €7.1M
FY24 €10.0M
FY25 €12.6M
Net income
FY21 −€2.7M
FY22 −€4.3M
FY23 −€2.5M
FY24 −€965K
FY25 €176K

ALENO screens 88% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Enogia SAS Fair Value". https://www.fairvalue-calculator.com/stock/ALENO

Peer Group

Specialty Industrial Machinery · 808 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 44 · Bottom 25%
Fair Value upside −88% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets -0% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 49% · Top 25%
Debt / equity 0.47× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 209.3× · Pricier than 75% of peers
P/B 6.48× · Pricier than 75% of peers
P/S (TTM) 3.20× · Pricier than median
P/FCF 31.8× · Pricier than 75% of peers
EV/EBITDA 35.9× · Pricier than 75% of peers

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 0 · sector 0
FUTURE 100 · sector 23
PAST 9 · sector 28
HEALTH 77 · sector 96
DIVIDEND 0 · sector 24

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

Insider activity: 35/100

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
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Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Enogia SAS (ALENO) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €0.7900 versus a price of €6.70, about −88% (overvalued).
What is the fair value of ALENO?
Our model-based fair value for Enogia SAS is €0.7900 (as of Jul 19, 2026), built from audited fundamentals. The current price is €6.70.
What is the quality score of ALENO?
Enogia SAS has a Quality Score of 44/100. 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 Enogia SAS (ALENO)?
Enogia SAS reported trailing-twelve-month revenue of about €15.0M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of ALENO?
The net profit margin of Enogia SAS is about 1.2%, meaning it keeps roughly 1.2% 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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