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Energeia A/S (ENERG) Fair Value & Analysis

Technology · NO · Market cap 73.9M NOK

EA Energeia A/S ENERG · OL
Pricekr 8.00
Fair Valuekr 5.91
Upside-26.1%
Quality37/100
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Risks

!Trades 35% ABOVE our fair value of kr 5.91
!Expensive Growth (revenue 5y +26.9 %/yr)
!Loss-making · -63.8% net margin
!Moderate debt · negative free cash flow
Expensive Growth (revenue 5y +26.9 %/yr)
Loss-making · -63.8% net margin
Moderate debt · negative free cash flow
Trails peers (2/10)
Narrow moat 10/100
Evidence: Low Range kr 4.41 – kr 8.83 Share as image

Fair value as of: Aug 23, 2026

From 1 valuation models · updated 3 days ago

Share price +6.7% over the past month.

Below-average quality, and trading another 35% above our fair value.

What runs behind every stock

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

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What matters now

  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (kr 4.41 to kr 8.83) 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.
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Price vs Fair Value (4 years)

kr 61.93 kr 2.87 Fair Value kr 5.91 Dec 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

44‑month range kr 2.87 – kr 61.93 · fair‑value band kr 4.41 – kr 8.83 · the kr 8.00 price screens above the kr 5.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Energeia A/S (ENERG) currently trades at kr 8.00, while our model-based Fair Value estimate is kr 5.91, implying the stock looks roughly 26.1% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Energeia A/S generated revenue of 61.7M NOK at a net margin of -83.9%. Revenue declined 32.6% year over year. It earns a return on equity of -50.6%. Net debt stands at 46.4M NOK. Fundamentals as of Aug 23, 2026

Our scenario range runs from kr 4.41 (bear case) to kr 8.83 (bull case); at kr 8.00, the current price sits within 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. For context, the median of 10 Technology peers we cover trades at -6% fair-value upside, at -26%, ENERG screens richer 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
NCAV (Graham) kr 6.05 kr 8.10 kr 12.09 50
All 1 models by family
Asset-Based
NCAV (Graham) kr 6.05 kr 8.10 kr 12.09 50

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Key figures & financial health

P/S ratio 1.20 TTM
Net margin -83.9% TTM
Return on equity -50.6% TTM
Return on assets -9.6% TTM
Operating margin -67.4% TTM
EPS (TTM) kr -3.64
More key figures
Growth
Revenue (TTM) 61.7M NOK TTM
Revenue growth (YoY) -32.6% 3y avg -12.3%
Balance sheet & cash flow
Free cash flow −41.0M NOK FY2025
Net debt 46.4M NOK FY2025

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 37 · Market factors (momentum, volatility) 28

Profitability 9
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 100
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Energeia AS develops, manages, and owns solar PV power plants in Norway and the Netherlands. It installs, sells, and services energy equipment and systems. The company also operates solar power plant with an installed capacity of 12.1 megawatts in the Netherlands. Energeia AS was incorporated in 2010 and is headquartered in Oslo, Norway.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Energeia A/S reported revenue of kr 53.4M in FY2025 versus kr 24.0M in FY2021, a compound +22.1%/yr. Reported net income was −kr 33.9M in FY2025.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
53.4M NOK
Latest YoY
−21.0%
Avg. revenue 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.
−12.3%
Avg. revenue 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.
+26.9%
Value creation/yr 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
Revenue +22.1%/yr
FY21 kr 24.0M
FY22 kr 79.2M
FY23 kr 71.1M
FY24 kr 67.6M
FY25 kr 53.4M
Net income
FY21 −kr 10.1M
FY22 kr 3.8M
FY23 −kr 16.3M
FY24 −kr 36.0M
FY25 −kr 33.9M

ENERG screens 26% overvalued. Compare with First Solar, Inc →

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Cite: Fair Value Calculator (2026). "Energeia A/S Fair Value". https://www.fairvalue-calculator.com/stock/ENERG

Peer Group

Solar · 118 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 37 · Below median
Fair Value upside −26% · Below median
Return on assets -10% · Bottom 25%
Net margin (TTM) -64% · Bottom 25%
Operating margin (TTM) -57% · Bottom 25%
Revenue growth -15% · Below median
Debt / equity 0.59× · Higher than median

Valuation Multiples vs Solar median · lower = cheaper

P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.15× · 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
VALUE0 · sector 27
FUTURE0 · sector 0
PAST0 · sector 0
HEALTH70 · sector 82
DIVIDEND0 · sector 29

VALUE 0: the price sits above our fair-value range.

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 Solar stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $217.85 $392.12 +80%
Nextpower Inc NXT $103.67 $69.61 -33%
Waaree Energies Limited WAAREEENER ₹2,678 ₹2,709 +1%
Tongwei Co 600438 ¥12.89 ¥12.13 -6%
Jinko Solar Co 688223 ¥4.52 ¥6.47 +43%
Enphase Energy, Inc ENPH $40.77 $24.15 -41%
CSI Solar Co 688472 ¥10.28 ¥6.76 -34%
Hengdian Group 002056 ¥21.53 ¥31.86 +48%
Premier Energies Limited PREMIERENE ₹1,017 ₹648.94 -36%
Trina Solar Co 688599 ¥12.77 ¥7.97 -38%

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Frequently asked questions

Is Energeia A/S (ENERG) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of kr 5.91 versus a price of kr 8.00, about −26% (overvalued).
What is the fair value of ENERG?
Our model-based fair value for Energeia A/S is kr 5.91 (as of Aug 23, 2026), built from audited fundamentals. The current price: kr 8.00.
What is the quality score of ENERG?
Energeia A/S has a Quality Score of 37/100. 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 Energeia A/S (ENERG)?
Energeia A/S reported trailing-twelve-month revenue of about 61.7M NOK (latest available figure, as of Aug 23, 2026).
What is the net profit margin of ENERG?
The net profit margin of Energeia A/S is about -83.9%, meaning it is currently running at a net loss. 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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