E4U a.s. (EFORU) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of E4U a.s. CZK 241, price CZK 250, upside -3.8%, quality 87 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 24, 2026.
How to read this chart
60‑month range 75.99 CZK – 396.00 CZK · fair‑value band 172.02 CZK – 318.98 CZK · the 250.00 CZK price screens above the 240.57 CZK 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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E4U a.s. invests in and operates renewable energy plants in the Czech Republic. It operates two solar parks, Dubnany and Ratiskovice power stations with a total installed capacity of 4.4 MWp in the area of Southern Moravian region. The company was founded in 2006 and is based in Dubnany, the Czech Republic. E4U a.s.
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E4U a.s. invests in and operates renewable energy plants in the Czech Republic. It operates two solar parks, Dubnany and Ratiskovice power stations with a total installed capacity of 4.4 MWp in the area of Southern Moravian region. The company was founded in 2006 and is based in Dubnany, the Czech Republic. E4U a.s. operatrs as a subsidiary of E4U Finance s.r.o.
Stock analysis
E4U a.s. (EFORU) currently trades at 250.00 CZK, while our model-based Fair Value estimate is 240.57 CZK, implying the stock looks roughly 3.9% fairly valued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 452.36 CZK per share, and 10 of the 22 models we run sit above the 250.00 CZK price.
Bear case: the Asset-Based group reads lowest at 62.44 CZK, and 12 of the 22 models stay below the price. Evidence for this calculation is high.
Scenario range: 172.02 CZK (bear) to 318.98 CZK (bull), the price of 250.00 CZK 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 87/100 (high quality), in the Energy sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
E4U a.s. reported revenue of 89.9M CZK in FY2025 versus 86.1M CZK in FY2021, a compound +1.1%/yr. Reported net income was 53.3M CZK in FY2025, compounding +5.1%/yr from FY2021.
Key figures
Market cap 708M CZK (≈ $33.0M) · P/E ratio 17.0 · P/S ratio 10.1 · EPS (TTM) 18.25 CZK · Dividend yield 14.2% · Net margin 59.3% · Return on equity 21.6% · Return on assets (EBIT) 18.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).
What moves the price
The share trades about 28% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −22% fair-value upside, at −4%, EFORU screens cheaper than that median.
Fair Value models
Bear 172.02 CZKFair Value 240.57 CZKBull 318.98 CZK
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 (13.40 CZK 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.
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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+2.9%
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.
−0.2%
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.
+1.5%
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.
+1.2%
’19
’20
’21
’22
’23
’24
’25
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.
+20.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.8%
Dividend (yield on the price)14.2%
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.66% → 66%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
−0.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Czechia: IMF forecast 2.2% a year to 2030, 4.5% from 2016 to 2025) that is about −2.8% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Renewable Utilities” was too small, so the broader sector is used.)Energy · 1067 stocks
Beats the sector median on 8/13 measures
Overall it ranks above its sector peers.
Valuation
Quality Score87 · Top 25%
Fair Value upside−4% · Above median
Profitability
Return on equity (TTM)22% · Top 25%
Return on assets13% · Top 25%
Net margin (TTM)59% · Top 25%
Operating margin (TTM)63% · Top 25%
Growth and dividend
Revenue growth−4% · Below median
Dividend yield (TTM)14.2% · Top 25%
Valuation Multiplesvs Energy 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). "E4U a.s. Fair Value". https://www.fairvalue-calculator.com/stock/EFORU
Frequently asked questions
Is E4U a.s. (EFORU) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 240.57 CZK versus a price of 250.00 CZK, about −4% upside (fairly valued).
What is the fair value of EFORU?
Our model-based fair value for E4U a.s. is 240.57 CZK (as of Sep 24, 2026), built from audited fundamentals. The current price: 250.00 CZK.
What is the quality score of EFORU?
E4U a.s. has a Quality Score of 87/100. 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 E4U a.s. (EFORU)?
Our model-based price target is the fair value of 240.57 CZK (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 172.02 CZK, optimistic scenario 318.98 CZK. It is a calculation from audited fundamentals, not an analyst target.
What is the E4U a.s. stock forecast for 2026?
Our models put fair value at 240.57 CZK, about −4% upside versus a price of 250.00 CZK (fairly valued). Cautious scenario 172.02 CZK, optimistic scenario 318.98 CZK. The calculation is refreshed regularly with new filings.
What is the revenue of E4U a.s. (EFORU)?
E4U a.s. reported trailing-twelve-month revenue of about 89.9M CZK (latest available figure, as of Sep 24, 2026).
Does E4U a.s. pay a dividend?
E4U a.s. currently shows a dividend yield of about 14.19% relative to its recent price (as of Sep 24, 2026).
What growth is priced into E4U a.s. (EFORU)?
For today's price to be fair in a discounted-cash-flow model, E4U a.s. would have to grow free cash flow by -0.6 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of EFORU use?
Our models discount E4U a.s. at 12.5 %: a base by market capitalisation (nano), country premium for Czechia. 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 E4U a.s. that is -0.6 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has E4U a.s. (EFORU) delivered so far?
Over the past 5 years revenue at E4U a.s. grew +1.5 % a year. The price currently implies -0.6 % 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 E4U a.s. (EFORU) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into E4U a.s. (-0.6 % 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 E4U a.s. (EFORU)?
The free-cash-flow yield on the price is 11.56 %: that much free cash flow E4U a.s. produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of E4U a.s. (EFORU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For E4U a.s. it is 240.57 CZK per share (as of Sep 24, 2026), against a price of 250.00 CZK. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is E4U a.s. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, EFORU trades above its calculated fair value: price 250.00 CZK, fair value 240.57 CZK, a gap of about −4% (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 EFORU?
No. The price is what the market pays today (250.00 CZK); the fair value is what the company's own numbers justify (240.57 CZK). For E4U a.s. the two are 9.43 CZK per share apart. That gap is exactly why we show both numbers side by side.
How much is E4U a.s. worth?
The market values E4U a.s. at about 708M CZK (market capitalisation, as of Sep 24, 2026). Per share that is 250.00 CZK; our models calculate a fair value of 240.57 CZK per share.
What do the bullish and bearish scenarios say about EFORU?
Our models span a range for E4U a.s.: cautious scenario 172.02 CZK, base 240.57 CZK, optimistic 318.98 CZK per share (as of Sep 24, 2026, price 250.00 CZK). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EFORU?
E4U a.s. trades at a price-to-earnings ratio of 17.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 240.57 CZK is built from several models across several years. Other multiples: P/B 3.2, P/S 7.9, EV/EBITDA 9.3.
How solid is the balance sheet of E4U a.s. (EFORU)?
Balance-sheet figures for E4U a.s. (as of Sep 24, 2026): return on equity 21.6%. They feed the Quality Score of 87/100, which measures business quality independently of the share price.
How far is EFORU from its 52-week high?
E4U a.s. trades at 250.00 CZK, about 28% below its 52-week high of 348.00 CZK and 19% above the low of 210.00 CZK (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 240.57 CZK is for.
Which stocks are comparable to E4U a.s.?
From the same area (Energy) we also value SOLARIUM, REALECO, TARINI, Saudi Arabian Oil Company, 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 E4U a.s. stock attractive at the current price?
The data as of Sep 24, 2026: price 250.00 CZK, calculated fair value 240.57 CZK (−4%), Quality Score 87/100, from 22 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 EFORU calculated?
We run E4U a.s. through 22 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 240.57 CZK, 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 14.0 % above its aggregate fair value. E4U a.s. 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 E4U a.s. (EFORU)?
The closing price on Sep 24, 2026 was 250.00 CZK. Our model-based fair value is 240.57 CZK, about −4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with E4U a.s. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (172.02 CZK to 318.98 CZK) leaves room in how you read the outcome.
Key figures of E4U a.s.
How large is the market capitalisation of E4U a.s. (EFORU)?
The market capitalisation of E4U a.s. is 708M CZK (≈ $33.0M). 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 E4U a.s. (EFORU)?
The price-to-sales ratio of E4U a.s. is 10.1 (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 E4U a.s. (EFORU)?
Earnings per share at E4U a.s. are 18.25 CZK (price ÷ EPS = P/E 17.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of E4U a.s. (EFORU)?
The dividend yield of E4U a.s. is 14.2% (payout 194%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of E4U a.s. (EFORU)?
The net margin of E4U a.s. is 59.3% (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 E4U a.s. (EFORU)?
The return on equity (ROE) of E4U a.s. is 21.6% (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 E4U a.s. (EFORU)?
On an EBIT basis the return on assets of E4U a.s. is 18.8% (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 E4U a.s. (EFORU)?
The operating margin of E4U a.s. is 62.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at E4U a.s. (EFORU)?
Revenue at E4U a.s. is growing −4.3% versus a year earlier (3y avg −0.2%). 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 E4U a.s. (EFORU)?
Earnings per share at E4U a.s. are growing −10.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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