SED Energy Holdings Plc (ENH) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of SED Energy Holdings Plc stock NOK 4.44, price NOK 6.77, that is 34.4% below the price, quality 53 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range kr 1.27 – kr 9.38 · fair‑value band kr 2.64 – kr 6.72 · the kr 6.77 price screens above the kr 4.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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SED Energy Holdings Plc provides tender-assisted drilling services in Southeast Asia, Thailand, Myanmar, and the United States. It operates through Energy Drilling and Seabird Exploration segments.
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The company also provides integrated seismic solutions, marine seismic data acquisition services, and source vessel operations for oil and gas industry, as well as owns and operates ocean bottom node vessels. SED Energy Holdings Plc is based in Nicosia, Cyprus.
Stock analysis
SED Energy Holdings Plc (ENH) currently trades at kr 6.77, while our model-based Fair Value estimate is kr 4.44, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 17.56 per share, and 19 of the 26 models we run sit above the kr 6.77 price.
Bear case: the Asset-Based group reads lowest at kr 3.20, and 7 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: kr 2.64 (bear) to kr 6.72 (bull), the price of kr 6.77 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 53/100 (solid quality), in the Energy sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
SED Energy Holdings Plc reported revenue of $212M in FY2025 versus $20.7M in FY2021, a compound +79.0%/yr. Reported net income was $27.9M in FY2025.
Key figures
Market cap 4.9B NOK (≈ $514M) Small · P/E ratio 7.9 · P/S ratio 1.04 · EPS (TTM) kr 0.8700 · Dividend yield 7.6% · Net margin 13.1% · Return on equity 22.2% · Return on assets (EBIT) 14.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 79 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −28% fair-value upside, at −34%, ENH screens richer than that median.
Fair Value models
Bearkr 2.64Fair Value kr 4.44Bullkr 6.72
Price kr 6.77 · Downside -34.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 0.7532 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCFkr 13.87kr 20.48kr 40.2272
EPVkr 5.43kr 6.24kr 6.9171
Growth DCFkr 12.96kr 22.77kr 38.1871
All 26 models by family
DCF Models
FCF DCFkr 13.87kr 20.48kr 40.2272
Owner Earningskr 10.12kr 21.51kr 42.6567
5Y Revenue Exitkr 6.14kr 9.02kr 14.8766
5Y EBITDA Exitkr 8.96kr 14.71kr 25.9268
5Y P/E Exitkr 7.22kr 13.75kr 22.1464
10Y Revenue Exitkr 8.68kr 15.09kr 17.8063
10Y EBITDA Exitkr 10.67kr 20.62kr 36.8461
10Y P/E Exitkr 9.51kr 17.20kr 28.7158
Earnings-Based
Graham-Doddkr 2.91kr 20.30kr 28.4959
Lynch FVkr 11.28kr 16.12kr 20.9657
PEG = 1.0kr 11.28kr 16.12kr 20.9653
EPVkr 5.43kr 6.24kr 6.9171
Dividend Discount
Gordon GGMkr 4.76kr 8.58kr 11.8063
DDM Multi-Stagekr 4.76kr 7.83kr 9.1663
Multiples
P/E Multiplekr 4.50kr 5.99kr 7.4963
P/S Multiplekr 2.93kr 3.91kr 4.8958
P/B Multiplekr 5.06kr 6.75kr 8.4455
EV/EBITkr 6.39kr 8.73kr 11.0766
EV/EBITDAkr 6.37kr 8.71kr 11.0567
EV/Revenuekr 2.09kr 3.26kr 4.4453
Asset-Based
NCAV (Graham)kr 2.39kr 3.20kr 4.7854
Growth DCF
Growth DCFkr 12.96kr 22.77kr 38.1871
Rev-Margin DCFkr 6.71kr 10.41kr 18.2966
Economic Profit
Residual Incomekr 4.02kr 4.29kr 4.7371
ROIC Compounderkr 5.91kr 8.00kr 9.7967
Growth Earnings
Growth-Adj P/Ekr 12.29kr 17.56kr 22.8363
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+58.9%
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.
+119.2%
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
+7.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)7.6%
Profit margin 2021 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.−56% → 29%
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
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).
−2.0%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−5.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −4.2% a year for the price and −8.1% for the forecasts.
Compare SED Energy Holdings Plc with another stock
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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.Oil & Gas Equipment & Services · 173 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−34.4% · Below median
Profitability
Return on equity (12 months)22.2% · Top 25%
Return on assets6.0% · Above median
Net margin (12 months)29.9% · Top 25%
Operating margin (12 months)44.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)50.2% · Top 25%
Dividend yield (12 months)7.6% · Top 25%
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
P/E (12 months)7.9× · Cheapest 25%
P/B1.58× · Pricier than median
P/S (12 months)2.03× · Pricier than median
Price / free cash flow (fiscal year)8.5× · Cheaper than median
EV/EBITDA4.3× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)100· sector 38
PAST (return on equity)89· sector 27
HEALTH (low debt)91· sector 91
DIVIDEND (yield)100· sector 39
VALUE 0: the price sits above our fair-value range.
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). "SED Energy Holdings Plc Fair Value". https://www.fairvalue-calculator.com/stock/ENH
Frequently asked questions
Is SED Energy Holdings Plc (ENH) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 4.44 versus a price of kr 6.77, about 34% lower (overvalued).
What is the fair value of ENH?
Our model-based fair value for SED Energy Holdings Plc is kr 4.44 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 6.77.
What is the quality score of ENH?
SED Energy Holdings Plc has a Quality Score of 53/100. 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 SED Energy Holdings Plc (ENH)?
Our model-based price target is the fair value of kr 4.44 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario kr 2.64, optimistic scenario kr 6.72. It is a calculation from audited fundamentals, not an analyst target.
What is the SED Energy Holdings Plc stock forecast for 2026?
Our models put fair value at kr 4.44, about 34% lower versus a price of kr 6.77 (overvalued). Cautious scenario kr 2.64, optimistic scenario kr 6.72. The calculation is refreshed regularly with new filings.
What is the revenue of SED Energy Holdings Plc (ENH)?
SED Energy Holdings Plc reported trailing-twelve-month revenue of about $253M (latest available figure, as of Nov 7, 2026).
Does SED Energy Holdings Plc pay a dividend?
SED Energy Holdings Plc currently shows a dividend yield of 7.57% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of SED Energy Holdings Plc (ENH)?
SED Energy Holdings Plc has a dividend yield of 7.6%.
What growth is priced into SED Energy Holdings Plc (ENH)?
For today's price to be fair in a discounted-cash-flow model, SED Energy Holdings Plc would have to grow free cash flow by -2.0 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +79.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of ENH use?
Our models discount SED Energy Holdings Plc at 11.0 %: a base by market capitalisation (small), country premium for Norway. 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 SED Energy Holdings Plc that is -2.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has SED Energy Holdings Plc (ENH) delivered so far?
Over the past 4 years revenue at SED Energy Holdings Plc grew +79.0 % a year. The price currently implies free-cash-flow growth of -2.0 % per 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 SED Energy Holdings Plc (ENH) growing?
The median revenue growth in the sector is +13.2 % a year. That is the yardstick for the growth priced into SED Energy Holdings Plc (-2.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SED Energy Holdings Plc (ENH)?
The free-cash-flow yield on the price is 11.80 %: that much free cash flow SED Energy Holdings Plc 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 SED Energy Holdings Plc (ENH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SED Energy Holdings Plc it is kr 4.44 per share (as of Nov 7, 2026), against a price of kr 6.77. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is SED Energy Holdings Plc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ENH trades above its calculated fair value: price kr 6.77, fair value kr 4.44, a gap of about −34% (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 ENH?
No. The price is what the market pays today (kr 6.77); the fair value is what the company's own numbers justify (kr 4.44). For SED Energy Holdings Plc the two are kr 2.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is SED Energy Holdings Plc worth?
The market values SED Energy Holdings Plc at about 4.9B NOK (market capitalisation, as of Nov 7, 2026). Per share that is kr 6.77; our models calculate a fair value of kr 4.44 per share.
What do the bullish and bearish scenarios say about ENH?
Our models span a range for SED Energy Holdings Plc: cautious scenario kr 2.64, base kr 4.44, optimistic kr 6.72 per share (as of Nov 7, 2026, price kr 6.77). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENH?
SED Energy Holdings Plc trades at a price-to-earnings ratio of 7.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 4.44 is built from several models across several years. Other multiples: P/B 1.6, P/S 2.0, EV/EBITDA 4.3.
How solid is the balance sheet of SED Energy Holdings Plc (ENH)?
Balance-sheet figures for SED Energy Holdings Plc (as of Nov 7, 2026): return on equity 22.2%, debt of 0.18 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is ENH from its 52-week high?
SED Energy Holdings Plc trades at kr 6.77, about 28% below its 52-week high of kr 9.38 and 10% above the low of kr 6.18 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of kr 4.44 is for.
Which stocks are comparable to SED Energy Holdings Plc?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Tenaris S.A, Halliburton 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 SED Energy Holdings Plc stock attractive at the current price?
The data as of Nov 7, 2026: price kr 6.77, calculated fair value kr 4.44 (−34%), Quality Score 53/100, from 26 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 ENH calculated?
We run SED Energy Holdings Plc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 4.44 builds on their evidence-weighted average, 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. SED Energy Holdings Plc 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 SED Energy Holdings Plc (ENH)?
The closing price on Nov 11, 2026 was kr 6.77. Our model-based fair value is kr 4.44, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SED Energy Holdings Plc right now?
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 2.64 to kr 6.72) leaves room in how you read the outcome.
Key figures of SED Energy Holdings Plc
How large is the market capitalisation of SED Energy Holdings Plc (ENH)?
The market capitalisation of SED Energy Holdings Plc is 4.9B NOK (≈ $514M). 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 SED Energy Holdings Plc (ENH)?
The price-to-sales ratio of SED Energy Holdings Plc is 1.04 (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 SED Energy Holdings Plc (ENH)?
Earnings per share at SED Energy Holdings Plc are kr 0.8700 (price ÷ EPS = P/E 7.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SED Energy Holdings Plc (ENH)?
The dividend yield of SED Energy Holdings Plc is 7.6% (payout 58.9%). 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 SED Energy Holdings Plc (ENH)?
The net margin of SED Energy Holdings Plc is 13.1% (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 SED Energy Holdings Plc (ENH)?
The return on equity (ROE) of SED Energy Holdings Plc is 22.2% (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 SED Energy Holdings Plc (ENH)?
On an EBIT basis the return on assets of SED Energy Holdings Plc is 14.5% (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 SED Energy Holdings Plc (ENH)?
The operating margin of SED Energy Holdings Plc is 44.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SED Energy Holdings Plc (ENH)?
Revenue at SED Energy Holdings Plc is growing +50.2% versus a year earlier (3y avg +119%). 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 SED Energy Holdings Plc (ENH)?
Earnings per share at SED Energy Holdings Plc are growing +49.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SED Energy Holdings Plc (ENH) carry?
The net debt of SED Energy Holdings Plc is $42.1M (fiscal year 2025, ≈ 0.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Why does SED Energy Holdings Plc meet the fair value rule although the fair value shown is lower?
Peak profit dampened: kr 14.92 → kr 4.44. The latest annual profit is far above the years before, and such peaks rarely last. So we calculate cautiously with kr 4.44 instead of kr 14.92. If the profit stays high, we ease the caution year by year. As in the backtest, the fair value rule checks the value before: +121% against the price.
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Thin data
Nov 7, 2026