Carnegie Clean Energy Ltd (CCE) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Carnegie Clean Energy Ltd A$0.16, price A$0.20, upside -19.3%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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
60‑month range A$0.0330 – A$0.3500 · fair‑value band A$0.0935 – A$0.2720 · the A$0.2000 price screens above the A$0.1615 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 4 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Carnegie Clean Energy Limited engages in the development of the CETO Wave Energy Technology, a submerged point absorber type wave energy converter which converts ocean waves into zero-emission electricity internationally. The company was formerly known as Carnegie Wave Energy Limited and changed its name to Carnegie Clean Energy Limited in December 2016.
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Carnegie Clean Energy Limited engages in the development of the CETO Wave Energy Technology, a submerged point absorber type wave energy converter which converts ocean waves into zero-emission electricity internationally. The company was formerly known as Carnegie Wave Energy Limited and changed its name to Carnegie Clean Energy Limited in December 2016. Carnegie Clean Energy Limited was incorporated in 1987 and is headquartered in North Fremantle, Australia.
Stock analysis
Carnegie Clean Energy Ltd (CCE) currently trades at A$0.2000, while our model-based Fair Value estimate is A$0.1615, implying the stock looks roughly 23.8% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of A$0.1600 per share, and 0 of the 5 models we run sit above the A$0.2000 price.
Bear case: the Asset-Based group reads lowest at A$0.0300, and 5 of the 5 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.0935 (bear) to A$0.2720 (bull), the price of A$0.2000 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 44/100 (below-average quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Carnegie Clean Energy Ltd reported revenue of A$317K in FY2025 versus A$61.0K in FY2021, a compound +51.1%/yr. Reported net income was −A$2.3M in FY2025.
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 270% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −40% fair-value upside, at −19%, CCE screens cheaper than that median.
Fair Value models
Bear A$0.0935Fair Value A$0.1615Bull A$0.2720
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.
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.53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−8.5%
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.
−0.5%
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.
+21.9%
Start year 2020 (pandemic). Over 10 years: −13.9% a year
Revenue growth 28 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.
+8.1%
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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.
−1,519.5% (2020) → −1,172.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+14.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +11.1% a year for the price.
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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 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Above median
Fair Value upside−19% · Below median
Profitability
Return on assets−5% · Bottom 25%
Growth and dividend
Revenue growth72% · Top 25%
Balance sheet
Debt / equity0.15× · Lowest 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Carnegie Clean Energy Ltd Fair Value". https://www.fairvalue-calculator.com/stock/CCE
Frequently asked questions
Is Carnegie Clean Energy Ltd (CCE) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.1615 versus a price of A$0.2000, about −19% upside (overvalued).
What is the fair value of CCE?
Our model-based fair value for Carnegie Clean Energy Ltd is A$0.1615 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.2000.
What is the quality score of CCE?
Carnegie Clean Energy Ltd 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 price target for Carnegie Clean Energy Ltd (CCE)?
Our model-based price target is the fair value of A$0.1615 (as of Sep 23, 2026) from 5 valuation models. Cautious scenario A$0.0935, optimistic scenario A$0.2720. It is a calculation from audited fundamentals, not an analyst target.
What is the Carnegie Clean Energy Ltd stock forecast for 2026?
Our models put fair value at A$0.1615, about −19% upside versus a price of A$0.2000 (overvalued). Cautious scenario A$0.0935, optimistic scenario A$0.2720. The calculation is refreshed regularly with new filings.
What is the revenue of Carnegie Clean Energy Ltd (CCE)?
Carnegie Clean Energy Ltd reported trailing-twelve-month revenue of about A$417K (latest available figure, as of Sep 23, 2026).
What growth is priced into Carnegie Clean Energy Ltd (CCE)?
For today's price to be fair in a discounted-cash-flow model, Carnegie Clean Energy Ltd would have to grow free cash flow by +14.4 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.0 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of CCE use?
Our models discount Carnegie Clean Energy Ltd at 11.0 %: a base by market capitalisation (micro), damped by beta 0.53, country premium for Australia. 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 Carnegie Clean Energy Ltd that is +14.4 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Carnegie Clean Energy Ltd (CCE) delivered so far?
Over the past 5 years revenue at Carnegie Clean Energy Ltd grew +22.0 % a year. The price currently implies +14.4 % 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 Carnegie Clean Energy Ltd (CCE) growing?
The median revenue growth in the sector is +0.7 % a year. That is the yardstick for the growth priced into Carnegie Clean Energy Ltd (+14.4 % 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 Carnegie Clean Energy Ltd (CCE)?
The free-cash-flow yield on the price is 4.74 %: that much free cash flow Carnegie Clean Energy Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Carnegie Clean Energy Ltd (CCE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Carnegie Clean Energy Ltd it is A$0.1615 per share (as of Sep 23, 2026), against a price of A$0.2000. It is the blended result of 5 valuation models (cash flow, earnings, asset, dividend).
Is Carnegie Clean Energy Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, CCE trades above its calculated fair value: price A$0.2000, fair value A$0.1615, a gap of about −19% (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 CCE?
No. The price is what the market pays today (A$0.2000); the fair value is what the company's own numbers justify (A$0.1615). For Carnegie Clean Energy Ltd the two are A$0.0385 per share apart. That gap is exactly why we show both numbers side by side.
How much is Carnegie Clean Energy Ltd worth?
The market values Carnegie Clean Energy Ltd at about A$97.2M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.2000; our models calculate a fair value of A$0.1615 per share.
What do the bullish and bearish scenarios say about CCE?
Our models span a range for Carnegie Clean Energy Ltd: cautious scenario A$0.0935, base A$0.1615, optimistic A$0.2720 per share (as of Sep 23, 2026, price A$0.2000). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Carnegie Clean Energy Ltd (CCE)?
Balance-sheet figures for Carnegie Clean Energy Ltd (as of Sep 23, 2026): return on equity −13.2%, debt of 0.15 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is CCE from its 52-week high?
Carnegie Clean Energy Ltd trades at A$0.2000, about 43% below its 52-week high of A$0.3500 and 270% above the low of A$0.0540 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.1615 is for.
Which stocks are comparable to Carnegie Clean Energy Ltd?
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 Carnegie Clean Energy Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.2000, calculated fair value A$0.1615 (−19%), Quality Score 44/100, from 5 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 CCE calculated?
We run Carnegie Clean Energy Ltd through 5 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 A$0.1615, 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. Carnegie Clean Energy Ltd 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 Carnegie Clean Energy Ltd (CCE)?
The closing price on Sep 24, 2026 was A$0.2000. Our model-based fair value is A$0.1615, about −19% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Carnegie Clean Energy Ltd right now?
Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (A$0.0935 to A$0.2720). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Carnegie Clean Energy Ltd
How large is the market capitalisation of Carnegie Clean Energy Ltd (CCE)?
The market capitalisation of Carnegie Clean Energy Ltd is A$97.2M (≈ $68.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Carnegie Clean Energy Ltd (CCE)?
Earnings per share at Carnegie Clean Energy Ltd are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Carnegie Clean Energy Ltd (CCE)?
The return on equity (ROE) of Carnegie Clean Energy Ltd is −13.2% (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 Carnegie Clean Energy Ltd (CCE)?
On an EBIT basis the return on assets of Carnegie Clean Energy Ltd is −10.5% (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 Carnegie Clean Energy Ltd (CCE)?
The operating margin of Carnegie Clean Energy Ltd is −533% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Carnegie Clean Energy Ltd (CCE)?
Revenue at Carnegie Clean Energy Ltd is growing +72.3% versus a year earlier (3y avg −0.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Carnegie Clean Energy Ltd (CCE) carry?
The net debt of Carnegie Clean Energy Ltd is A$2.1M (fiscal year 2025, ≈ 0.6 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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