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ENEFI Energiahatekonysagi Nyrt (ENEFI) Fair Value & Analysis

Utilities · HU · Market cap 2.1B HUF

EE ENEFI Energiahatekonysagi Nyrt ENEFI · BUD
Price212.00 HUF
Fair Value475.82 HUF
Upside+124.4%
Quality62/100
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Weak Growth
Highly profitable · 101.9% net margin
Low debt · generates free cash flow
Ranks above peers (9/11)
Moderate moat 56/100
Evidence: High Range 389.31 HUF – 768.45 HUF Share as image

Fair value as of: Aug 20, 2026

From 15 valuation models · updated today

Fair value updated Aug 20, 2026, revised from 2.12 HUF to 475.82 HUF (+22,344.3%) since Aug 13, 2026. Share price +1.0% over the past month.

A solid business, screening 124% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (389.31 HUF). The market is more pessimistic than our downside scenario.
  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (389.31 HUF to 768.45 HUF) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

442.00 HUF 120.00 HUF Fair Value 475.82 HUF May 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 120.00 HUF – 442.00 HUF · fair‑value band 389.31 HUF – 768.45 HUF · the 212.00 HUF price screens below the 475.82 HUF fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

ENEFI Energiahatekonysagi Nyrt (ENEFI) currently trades at 212.00 HUF, while our model-based Fair Value estimate is 475.82 HUF, implying the stock looks roughly 124.4% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Trailing-twelve-month revenue stands at 443M HUF. Revenue grew 25.3% year over year. It earns a return on equity of 12.9%. The stock trades on a trailing P/E of 2.7. Fundamentals as of Aug 20, 2026

Our scenario range runs from 389.31 HUF (bear case) to 768.45 HUF (bull case); at 212.00 HUF, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -36% fair-value upside, at 124%, ENEFI screens cheaper 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 302.44 HUF 394.07 HUF 545.85 HUF 80
Growth-Adj P/E 549.20 HUF 784.57 HUF 1,020 HUF 68
P/E Multiple 772.89 HUF 1,031 HUF 1,288 HUF 63
All 15 models by family
DCF Models
FCF DCF 291.43 HUF 386.55 HUF 557.23 HUF 38
Owner Earnings 422.12 HUF 565.04 HUF 821.52 HUF 31
5Y Revenue Exit 171.49 HUF 205.11 HUF 253.37 HUF 39
5Y P/E Exit 532.73 HUF 830.34 HUF 1,185 HUF 38
10Y Revenue Exit 216.66 HUF 245.68 HUF 273.89 HUF 36
10Y P/E Exit 432.70 HUF 623.56 HUF 808.18 HUF 35
Earnings-Based
Graham-Dodd 389.31 HUF 475.82 HUF 535.30 HUF 54
Multiples
P/E Multiple 772.89 HUF 1,031 HUF 1,288 HUF 63
P/S Multiple 70.53 HUF 94.04 HUF 117.55 HUF 58
P/B Multiple 464.65 HUF 619.53 HUF 774.42 HUF 55
EV/Revenue 97.27 HUF 125.48 HUF 153.70 HUF 43
Asset-Based
NCAV (Graham) 172.09 HUF 230.60 HUF 344.19 HUF 50
Growth DCF
Growth DCF 302.44 HUF 394.07 HUF 545.85 HUF 80
Economic Profit
Residual Income 363.51 HUF 476.94 HUF 1,363 HUF 61
Growth Earnings
Growth-Adj P/E 549.20 HUF 784.57 HUF 1,020 HUF 68

Widest divergence: Growth Earnings (784.57 HUF) versus Multiples (125.48 HUF). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 443M HUF
Revenue growth (YoY) +25.3%
Net margin 102%
Return on equity 12.9%
Free cash flow 255M HUF FY2024
P/E ratio 2.7
More key figures
Operating margin -288%
EPS (TTM) 77.53 HUF
EPS growth (YoY) +79.0%

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 39

Profitability 49
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 50
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

ENEFI Vagyonkezelo Nyrt. engages in the production and sale of thermal energy in Hungary, Cyprus, and Romania. The company offers heat supply with heating modernization. It also engages in the operation of ski slopes and ski lifts; sells ski passes; ski equipment rental; asset management activities; and provision of ski lessons and catering services.

Full company description

ENEFI Vagyonkezelo Nyrt. engages in the production and sale of thermal energy in Hungary, Cyprus, and Romania. The company offers heat supply with heating modernization. It also engages in the operation of ski slopes and ski lifts; sells ski passes; ski equipment rental; asset management activities; and provision of ski lessons and catering services. In addition, the company trades capital market investment instruments. It serves municipalities and municipal institutions, state institutions, churches, condominiums and private businesses. The company was formerly known as ENEFI Energiahatékonysági Nyrt. ENEFI Vagyonkezelo Nyrt. was founded in 2000 and is based in Budapest, Hungary.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

ENEFI Energiahatekonysagi Nyrt reported revenue of 341M HUF in FY2024 versus 1.1B HUF in FY2020, a compound −25.0%/yr. Reported net income was 519M HUF in FY2024, compounding −3.4%/yr from FY2020.

Growth Quality 33/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
341M HUF
Latest YoY
−13.9%
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.
−32.1%
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.
−1.9%
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.
−5.3%
Revenue −25.0%/yr
FY20 1.1B HUF
FY21 1.1B HUF
FY22 784M HUF
FY23 396M HUF
FY24 341M HUF
Net income −3.4%/yr
FY20 595M HUF
FY21 −531M HUF
FY22 −176M HUF
FY23 −223M HUF
FY24 519M HUF

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Cite: Fair Value Calculator (2026). "ENEFI Energiahatekonysagi Nyrt Fair Value". https://www.fairvalue-calculator.com/stock/ENEFI

Peer Group

Utilities - Renewable · 221 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 62 · Top 25%
Fair Value upside +124% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets -6% · Bottom 25%
Net margin (TTM) 102% · Top 25%
Revenue growth 25% · Top 25%

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 2.7× · Cheaper than 75% of peers
P/B 0.67× · Cheaper than median
P/S (TTM) 4.70× · Pricier than median
P/FCF 0.0× · Cheaper 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 10
FUTURE100 · sector 0
PAST51 · sector 11
HEALTH100 · sector 68
DIVIDEND0 · sector 43

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 Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥28.02 ¥25.13 -10%
Ørsted A/S ORSTED kr 148.25 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.69 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,319 ₹169.61 -87%
AXIA Energia SA AXIAP $10.74 $9.49 -12%
BEP BEP $34.44 $70.40 +104%
BEPUN BEPUN C$44.56 C$10.15 -77%
China Longyuan Power Group 001289 ¥15.92 ¥7.55 -53%
SDIC Power Holdings 600886 ¥13.95 ¥16.63 +19%
China Three Gorges Renewables (Group) Co 600905 ¥3.77 ¥2.40 -36%

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Frequently asked questions

Is ENEFI Energiahatekonysagi Nyrt (ENEFI) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 475.82 HUF versus a price of 212.00 HUF, about +124% (undervalued).
What is the fair value of ENEFI?
Our model-based fair value for ENEFI Energiahatekonysagi Nyrt is 475.82 HUF (as of Aug 20, 2026), built from audited fundamentals. The current price: 212.00 HUF.
What is the quality score of ENEFI?
ENEFI Energiahatekonysagi Nyrt has a Quality Score of 62/100. 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 ENEFI Energiahatekonysagi Nyrt (ENEFI)?
ENEFI Energiahatekonysagi Nyrt reported trailing-twelve-month revenue of about 443M HUF (latest available figure, as of Aug 20, 2026).
What is the net profit margin of ENEFI?
The net profit margin of ENEFI Energiahatekonysagi Nyrt is about 101.9%, meaning it keeps roughly 101.9% 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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