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Alternus Energy Group plc (ALTNF) fair value: what the stock is really worth

As of Aug 28, 2026: fair value of Alternus Energy Group plc $0.03, price $0.04, upside -0.9%, quality 24 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Utilities · US · ISIN IE00BLRPRP89

AE Alternus Energy Group plc logo Thin data Sep 24, 2026

Alternus Energy Group plc

ALTNF · US

Low PriorityFair Value upside is limited and quality is weak.

·Fair value $0.0347 · Fairly valued (−1%)
!Quality 24/100
!Mixed Growth (revenue 3y +91.2 %/yr)
!Loss-making · -134.6% net margin (FY2023)
!High debt · negative free cash flow
!Trails peers (1/8)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

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

Price vs Fair Value

$1.25 $0.0001 Fair Value $0.0347 Feb 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

42‑month range $0.0001 – $1.25 · fair‑value band $0.0347 – $0.0655 · the $0.0350 price screens above the $0.0347 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Alternus Energy Group Plc operates as an independent power producer. It develops, installs, owns, and operates utility scale solar parks in the United States and Europe. The company is based in Dublin, Ireland.

Stock analysis

Alternus Energy Group plc (ALTNF) currently trades at $0.0350, while our model-based Fair Value estimate is $0.0347, implying the stock looks roughly 0.9% fairly valued today.

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Valuation

How firm this estimate is: it rests on 6 models at a data quality of 84/100, which puts the evidence level at low.

Scenario range: $0.0347 (bear) to $0.0655 (bull), the price of $0.0350 sits inside 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 24/100 (below-average quality), in the Utilities sector.

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

Alternus Energy Group plc reported revenue of $26.7M in FY2023 versus $2.3M in FY2019, a compound +84.4%/yr. Reported net income was −$35.9M in FY2023.

Key figures

Market cap $923K · P/S ratio 2.96 · EPS (TTM) $−1.36 · Net margin −135% · Return on equity −266% · Return on assets (EBIT) −1.0% · Operating margin −4,180% · Revenue growth (YoY) −93.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades at its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −34% fair-value upside, at −1%, ALTNF screens cheaper than that median.

Fair Value models

Bear $0.0347 Fair Value $0.0347 Bull $0.0655
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. 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
EV/EBITDA n/a $0.5900 $2.11 62
EV/EBIT n/a n/a $0.1800 61
NCAV (Graham) $0.7500 $1.01 $1.51 54
All 3 models by family
Multiples
EV/EBIT n/a n/a $0.1800 61
EV/EBITDA n/a $0.5900 $2.11 62
Asset-Based
NCAV (Graham) $0.7500 $1.01 $1.51 54

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Quality Score breakdown

Overall quality 24/100

Of which business quality 25 · Market factors (momentum, volatility) 55

Profitability 4
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 4
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 78
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. 30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.1%
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.
+91.2%
Profit margin (trend) ⓘ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.
−146.9% (2019) → 29.8% (2023)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2022 is a loss year, no rate is defined from a loss
not computed

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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 · 208 stocks

Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 24 · Bottom 25%
Fair Value upside −1% · Above median
Profitability
Return on assets −15% · Bottom 25%
Net margin (TTM) −135% · Bottom 25%
Growth and dividend
Revenue growth −93% · Bottom 25%
Balance sheet
Debt / equity 3.67× · Highest 25%

Valuation Multiplesvs Utilities - Renewable median · lower = cheaper

P/S (TTM) 2.97× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)32 · sector 15
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)0 · sector 14
HEALTH (low debt)0 · sector 68
DIVIDEND (yield)0 · sector 47

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
China Yangtze Power Co 600900 ¥28.08 ¥30.89 +10%
Ørsted A/S ORSTED kr 135.75 kr 31.40 −77%
Huaneng Lancang River Hydropower Inc 600025 ¥9.62 ¥4.45 −54%
Adani Green Energy Limited ADANIGREEN ₹1,301 ₹169.61 −87%
VERBUND AG VER €62.55 €56.60 −10%
BEP BEP $29.08 $70.40 +142%
Fortum Oyj FORTUM €23.56 €14.06 −40%
SDIC Power Holdings 600886 ¥14.30 ¥17.08 +19%
China Three Gorges Renewables (Group) Co 600905 ¥3.64 ¥2.40 −34%
EDP Renewables, S.A EDPR €13.22 €3.67 −72%

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Cite: Fair Value Calculator (2026). "Alternus Energy Group plc Fair Value". https://www.fairvalue-calculator.com/stock/ALTNF

Frequently asked questions

Is Alternus Energy Group plc (ALTNF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.0347 versus the last price from Aug 28, 2026 of $0.0350, about −1% upside (fairly valued).
What is the fair value of ALTNF?
Our model-based fair value for Alternus Energy Group plc is $0.0347 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Aug 28, 2026): $0.0350.
What is the quality score of ALTNF?
Alternus Energy Group plc has a Quality Score of 24/100. 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 Alternus Energy Group plc (ALTNF)?
Our model-based price target is the fair value of $0.0347 (as of Sep 24, 2026) from 3 valuation models. Cautious scenario $0.0347, optimistic scenario $0.0655. It is a calculation from audited fundamentals, not an analyst target.
What is the Alternus Energy Group plc stock forecast for 2026?
Our models put fair value at $0.0347, about −1% upside versus the last price from Aug 28, 2026 of $0.0350 (fairly valued). Cautious scenario $0.0347, optimistic scenario $0.0655. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Alternus Energy Group plc (ALTNF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alternus Energy Group plc it is $0.0347 per share (as of Sep 24, 2026), against a price of $0.0350. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Alternus Energy Group plc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ALTNF trades above its calculated fair value: price $0.0350, fair value $0.0347, a gap of about −1% (fairly valued). 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 ALTNF?
No. The price is what the market pays today ($0.0350); the fair value is what the company's own numbers justify ($0.0347). For Alternus Energy Group plc the two are $0.0003 per share apart. That gap is exactly why we show both numbers side by side.
How much is Alternus Energy Group plc worth?
The market values Alternus Energy Group plc at about $923K (market capitalisation, as of Sep 24, 2026). Per share that is $0.0350; our models calculate a fair value of $0.0347 per share.
What do the bullish and bearish scenarios say about ALTNF?
Our models span a range for Alternus Energy Group plc: cautious scenario $0.0347, base $0.0347, optimistic $0.0655 per share (as of Sep 24, 2026, price $0.0350). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Alternus Energy Group plc (ALTNF)?
Balance-sheet figures for Alternus Energy Group plc (as of Sep 24, 2026): return on equity −266.0%, debt of 3.67 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is ALTNF from its 52-week high?
Alternus Energy Group plc trades at $0.0350, at its 52-week high of $0.0350 and at the low of $0.0350 (as of Aug 28, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0347 is for.
Which stocks are comparable to Alternus Energy Group plc?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Adani Green Energy 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 Alternus Energy Group plc stock attractive at the current price?
The data as of Sep 24, 2026: price $0.0350, calculated fair value $0.0347 (−1%), Quality Score 24/100, from 3 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 ALTNF calculated?
We run Alternus Energy Group plc through 3 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 $0.0347, 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. Alternus Energy Group plc 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 Alternus Energy Group plc (ALTNF)?
The latest price we hold is from Aug 28, 2026 and stands at $0.0350. Our model-based fair value is $0.0347, about −1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alternus Energy Group plc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($0.0347 to $0.0655) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Alternus Energy Group plc

How large is the market capitalisation of Alternus Energy Group plc (ALTNF)?
The market capitalisation of Alternus Energy Group plc is $923K. 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 Alternus Energy Group plc (ALTNF)?
The price-to-sales ratio of Alternus Energy Group plc is 2.96 (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 Alternus Energy Group plc (ALTNF)?
Earnings per share at Alternus Energy Group plc are $−1.36. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Alternus Energy Group plc (ALTNF)?
The net margin of Alternus Energy Group plc is −135% (fiscal year 2023). 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 Alternus Energy Group plc (ALTNF)?
The return on equity (ROE) of Alternus Energy Group plc is −266% (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 Alternus Energy Group plc (ALTNF)?
On an EBIT basis the return on assets of Alternus Energy Group plc is −1.0% (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 Alternus Energy Group plc (ALTNF)?
The operating margin of Alternus Energy Group plc is −4,180% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alternus Energy Group plc (ALTNF)?
Revenue at Alternus Energy Group plc is growing −93.4% versus a year earlier (3y avg +91.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Alternus Energy Group plc (ALTNF) generate?
The free cash flow of Alternus Energy Group plc is −$17.2M (fiscal year 2022). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Alternus Energy Group plc (ALTNF) carry?
The net debt of Alternus Energy Group plc is $144M (fiscal year 2022). 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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