Grupo Ecoener S.A. (ENER) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Grupo Ecoener S.A. €1.63, price €3.60, upside -54.7%, quality 39 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 €3.01 – €6.37 · fair‑value band €1.22 – €2.04 · the €3.60 price screens above the €1.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Ecoener, S.A., though its subsidiaries, engages in the generation of renewable energy business in Spain, Honduras, Guatemala, Dominican Republic, Colombia, and internationally. It operates through five Segments; Hydropower; Wind Farms; Solar Photovoltaic Plants; Energy Commercialisation; and Other.
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Ecoener, S.A., though its subsidiaries, engages in the generation of renewable energy business in Spain, Honduras, Guatemala, Dominican Republic, Colombia, and internationally. It operates through five Segments; Hydropower; Wind Farms; Solar Photovoltaic Plants; Energy Commercialisation; and Other. The company involved in the design, development, construction, promotion, management, maintenance, operation, closure and dismantling of the production facilities. It has generation capacity of 427 MW; 360 MW in construction; and 1,376 MW in development. The company was formerly known as Grupo Ecoener S.A.U. and changed its name to Ecoener, S.A. in July 2023. The company was founded in 1988 and is headquartered in La Coruña, Spain. Ecoener, S.A. is a subsidiary of Luis De Valdivia, S.L.
Stock analysis
Grupo Ecoener S.A. (ENER) currently trades at €3.60, while our model-based Fair Value estimate is €1.63, implying the stock looks roughly 120.8% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €1.74 per share, and 0 of the 12 models we run sit above the €3.60 price.
Bear case: the Earnings-Based group reads lowest at €1.21, and 12 of the 12 models stay below the price. Evidence for this calculation is high.
Scenario range: €1.22 (bear) to €2.04 (bull), the price of €3.60 sits above 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 39/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Grupo Ecoener S.A. reported revenue of €84.7M in FY2025 versus €39.9M in FY2021, a compound +20.7%/yr. Reported net income was €5.5M in FY2025, compounding −2.6%/yr from FY2021.
Key figures
Market cap €232M · P/E ratio 36.0 · P/S ratio 2.32 · EPS (TTM) €0.1000 · Dividend yield 0.2% · Net margin 6.4% · Return on equity 3.9% · Return on assets (EBIT) 3.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 31% below 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 −55%, ENER screens richer than that median.
Fair Value models
Bear €1.22Fair Value €1.63Bull €2.04
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 (€0.0734 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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.6%
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.
+5.1%
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.
+20.5%
Start year 2020 (pandemic)
Revenue growth 7 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.
+15.3%
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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. Basis: EBIT basis.
+10.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.4%
Dividend (yield on the price)0.2%
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.41% → 26%
Price, fair value, quality and upside side by side.
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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 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score39 · Below median
Fair Value upside−55% · Bottom 25%
Profitability
Return on equity (TTM)4% · Above median
Return on assets1% · Below median
Net margin (TTM)6% · Below median
Operating margin (TTM)20% · Above median
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity3.93× · Highest 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/E (TTM)36.0× · Priciest 25%
P/B2.14× · Priciest 25%
P/S (TTM)3.12× · Pricier than median
EV/EBITDA17.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)24· sector 0
PAST (return on equity)16· sector 14
HEALTH (low debt)0· sector 68
DIVIDEND (yield)3· sector 47
VALUE 0: the price sits above our fair-value range.
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Is Grupo Ecoener S.A. (ENER) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €1.63 versus a price of €3.60, about −55% upside (overvalued).
What is the fair value of ENER?
Our model-based fair value for Grupo Ecoener S.A. is €1.63 (as of Sep 23, 2026), built from audited fundamentals. The current price: €3.60.
What is the quality score of ENER?
Grupo Ecoener S.A. has a Quality Score of 39/100. 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 Grupo Ecoener S.A. (ENER)?
Our model-based price target is the fair value of €1.63 (as of Sep 23, 2026) from 12 valuation models. Cautious scenario €1.22, optimistic scenario €2.04. It is a calculation from audited fundamentals, not an analyst target.
What is the Grupo Ecoener S.A. stock forecast for 2026?
Our models put fair value at €1.63, about −55% upside versus a price of €3.60 (overvalued). Cautious scenario €1.22, optimistic scenario €2.04. The calculation is refreshed regularly with new filings.
What is the revenue of Grupo Ecoener S.A. (ENER)?
Grupo Ecoener S.A. reported trailing-twelve-month revenue of about €84.7M (latest available figure, as of Sep 23, 2026).
Does Grupo Ecoener S.A. pay a dividend?
Grupo Ecoener S.A. currently shows a dividend yield of about 0.16% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Grupo Ecoener S.A. (ENER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Grupo Ecoener S.A. it is €1.63 per share (as of Sep 23, 2026), against a price of €3.60. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Grupo Ecoener S.A. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ENER trades above its calculated fair value: price €3.60, fair value €1.63, a gap of about −55% (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 ENER?
No. The price is what the market pays today (€3.60); the fair value is what the company's own numbers justify (€1.63). For Grupo Ecoener S.A. the two are €1.97 per share apart. That gap is exactly why we show both numbers side by side.
How much is Grupo Ecoener S.A. worth?
The market values Grupo Ecoener S.A. at about €232M (market capitalisation, as of Sep 23, 2026). Per share that is €3.60; our models calculate a fair value of €1.63 per share.
What do the bullish and bearish scenarios say about ENER?
Our models span a range for Grupo Ecoener S.A.: cautious scenario €1.22, base €1.63, optimistic €2.04 per share (as of Sep 23, 2026, price €3.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENER?
Grupo Ecoener S.A. trades at a price-to-earnings ratio of 36.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €1.63 is built from several models across several years. Other multiples: P/B 2.1, P/S 3.1, EV/EBITDA 17.8.
How solid is the balance sheet of Grupo Ecoener S.A. (ENER)?
Balance-sheet figures for Grupo Ecoener S.A. (as of Sep 23, 2026): return on equity 3.9%, debt of 3.93 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is ENER from its 52-week high?
Grupo Ecoener S.A. trades at €3.60, about 31% below its 52-week high of €5.24 and at the low of €3.60 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €1.63 is for.
Which stocks are comparable to Grupo Ecoener S.A.?
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 Grupo Ecoener S.A. stock attractive at the current price?
The data as of Sep 23, 2026: price €3.60, calculated fair value €1.63 (−55%), Quality Score 39/100, from 12 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 ENER calculated?
We run Grupo Ecoener S.A. through 12 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 €1.63, 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 13.2 % above its aggregate fair value. Grupo Ecoener S.A. 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 Grupo Ecoener S.A. (ENER)?
The closing price on Sep 24, 2026 was €3.60. Our model-based fair value is €1.63, about −55% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Grupo Ecoener S.A. right now?
The price sits above even our optimistic bull case (€2.04). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Grupo Ecoener S.A.
How large is the market capitalisation of Grupo Ecoener S.A. (ENER)?
The market capitalisation of Grupo Ecoener S.A. is €232M. 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 Grupo Ecoener S.A. (ENER)?
The price-to-sales ratio of Grupo Ecoener S.A. is 2.32 (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 Grupo Ecoener S.A. (ENER)?
Earnings per share at Grupo Ecoener S.A. are €0.1000 (price ÷ EPS = P/E 36.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Grupo Ecoener S.A. (ENER)?
The dividend yield of Grupo Ecoener S.A. is 0.2% (payout 5.8%). 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 Grupo Ecoener S.A. (ENER)?
The net margin of Grupo Ecoener S.A. is 6.4% (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 Grupo Ecoener S.A. (ENER)?
The return on equity (ROE) of Grupo Ecoener S.A. is 3.9% (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 Grupo Ecoener S.A. (ENER)?
On an EBIT basis the return on assets of Grupo Ecoener S.A. is 3.6% (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 Grupo Ecoener S.A. (ENER)?
The operating margin of Grupo Ecoener S.A. is 20.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Grupo Ecoener S.A. (ENER)?
Revenue at Grupo Ecoener S.A. is growing +4.7% versus a year earlier (3y avg +5.1%). 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 Grupo Ecoener S.A. (ENER)?
Earnings per share at Grupo Ecoener S.A. are growing −81.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Grupo Ecoener S.A. (ENER) generate?
The free cash flow of Grupo Ecoener S.A. is −€81.6M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Grupo Ecoener S.A. (ENER) carry?
The net debt of Grupo Ecoener S.A. is €482M (fiscal year 2025). 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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