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EnergyVision NV (ENRGY) Fair Value & Analysis

Utilities · BE · Market cap €935M

EN EnergyVision NV ENRGY · BR
Price€15.44
Fair Value€4.39
Upside-71.6%
Quality45/100
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Expensive Growth
Thin margins · 9.1% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (6/12)
Moderate moat 51/100
Evidence: Medium Range €3.29 – €5.49 Share as image

Fair value as of: Aug 6, 2026

From 14 valuation models · updated 4 days ago

Share price +4.2% over the past month.

Below-average quality, and screening another 72% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€5.49). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (13 months)

€15.44 €9.16 Fair Value €4.39 Jul 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 6, 2026.

How to read this chart

13‑month range €9.16 – €15.44 · fair‑value band €3.29 – €5.49 · the €15.44 price screens above the €4.39 fair value. As of Aug 6, 2026.

Full chart & analysis →

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Analysis

EnergyVision NV (ENRGY) currently trades at €15.44, while our model-based Fair Value estimate is €4.39, implying the stock looks roughly 71.6% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Utilities 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: medium).

Over the trailing twelve months, EnergyVision NV generated revenue of €120M at a net margin of 8.7%. Revenue grew 8.9% year over year. Net debt stands at €75.3M. The stock trades on a trailing P/E of 53.7. Fundamentals as of Aug 6, 2026

Our scenario range runs from €3.29 (bear case) to €5.49 (bull case); at €15.44, the current price sits above 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 near its 52-week high and 74% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at -72%, ENRGY 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 BearBaseBull Evidence
Highest evidence
ROIC Compounder €1.23 €1.54 €1.80 72
Growth-Adj P/E €4.99 €7.13 €9.26 68
P/E Multiple €3.49 €4.65 €5.81 63
All 14 models by family
Earnings-Based
Graham-Dodd €1.76 €12.25 €17.19 54
Lynch FV €3.99 €5.70 €7.41 50
PEG = 1.0 €3.99 €5.70 €7.41 46
EPV €1.23 €1.54 €1.80 59
Multiples
P/E Multiple €3.49 €4.65 €5.81 63
P/S Multiple €3.29 €4.39 €5.49 58
P/B Multiple €2.96 €3.94 €4.93 55
EV/EBIT €3.00 €4.35 €5.69 53
EV/EBITDA €3.74 €5.33 €6.91 54
EV/Revenue €2.23 €3.63 €5.03 43
Asset-Based
NCAV (Graham) €1.10 €1.47 €2.19 50
Economic Profit
Residual Income €1.90 €2.12 €3.30 61
ROIC Compounder €1.23 €1.54 €1.80 72
Growth Earnings
Growth-Adj P/E €4.99 €7.13 €9.26 68

Widest divergence: Growth Earnings (€7.13) versus Asset-Based (€1.47). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) €120M
Revenue growth (YoY) +8.9%
Net margin 8.7%
Free cash flow −€15.9M FY2025
P/E ratio 53.7
Operating margin 21.6%
More key figures
EPS (TTM) €0.2700
EPS growth (YoY) -22.7%
Net debt €75.3M FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 78

Profitability 39
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 80
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 82
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

EnergyVision NV operates as a B2B and B2C provider of solar energy and mobility-as-a-service solutions for both corporate and residential clients in Belgium. Additionally, the company engages in building, owning, and operating photovoltaic (PV) and electric charging infrastructure.

Full company description

EnergyVision NV operates as a B2B and B2C provider of solar energy and mobility-as-a-service solutions for both corporate and residential clients in Belgium. Additionally, the company engages in building, owning, and operating photovoltaic (PV) and electric charging infrastructure. The company offers green electricity solutions in Belgium by building, owning and operating photovoltaic installations on the electricity production side and acting as energy supplier for homes and EV charging on the consumption side, other renewable energy suppliers. EnergyVision NV was incorporated in 2014 and is based in Gent, Belgium. EnergyVision NV operates as a subsidiary of Mdm Holding Bvba.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

EnergyVision NV reported revenue of €173M in FY2025 versus €108M in FY2022, a compound +17.1%/yr. Reported net income was €15.7M in FY2025, compounding +36.4%/yr from FY2022.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€173M
Latest YoY
+73.6%
Avg. growth/yr (3Y)
+17.1%
Revenue +17.1%/yr
FY22 €108M
FY23 €114M
FY24 €99.6M
FY25 €173M
Net income +36.4%/yr
FY22 €6.2M
FY23 €5.9M
FY24 €7.4M
FY25 €15.7M

ENRGY screens 72% overvalued. Compare with China Yangtze Power Co →

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Cite: Fair Value Calculator (2026). "EnergyVision NV Fair Value". https://www.fairvalue-calculator.com/stock/ENRGY

Peer Group

Utilities - Renewable · 220 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 45 · Above median
Fair Value upside −72% · Bottom 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 13% · Below median
Revenue growth 94% · Top 25%
Debt / equity 0.61× · Lower than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 57.1× · Pricier than 75% of peers
P/B 8.13× · Pricier than 75% of peers
P/S (TTM) 6.24× · Pricier than 75% of peers
EV/EBITDA 32.9× · Pricier 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.

VALUE 0 · sector 15
FUTURE 100 · sector 0
PAST 58 · sector 12
HEALTH 70 · sector 68
DIVIDEND 0 · sector 48

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

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 6, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is EnergyVision NV (ENRGY) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of €4.39 versus a price of €15.44, about −72% (overvalued).
What is the fair value of ENRGY?
Our model-based fair value for EnergyVision NV is €4.39 (as of Aug 6, 2026), built from audited fundamentals. The current price is €15.44.
What is the quality score of ENRGY?
EnergyVision NV has a Quality Score of 45/100. 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 EnergyVision NV (ENRGY)?
EnergyVision NV reported trailing-twelve-month revenue of about €120M (latest available figure, as of Aug 6, 2026).
What is the net profit margin of ENRGY?
The net profit margin of EnergyVision NV is about 8.7%, meaning it keeps roughly 8.7% 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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