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EnergyVision NV (ENRGY) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of EnergyVision NV €4.39, price €17.48, upside -74.9%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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  2. Good quality? No
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Utilities · BE · ISIN BE0974499312

EN Some data Sep 23, 2026

EnergyVision NV

ENRGY · BR

Weakest SetupStrongly overvalued and low quality.

!Fair value €4.39 · Strongly overvalued (−75%)
!Quality 45/100
!Expensive Growth (revenue YoY +73.6 %/yr)
!Thin margins · 9.1% net margin (TTM)
!Moderate debt · negative free cash flow
!Mixed vs. peers (6/12)
!Moderate moat 51/100
!Evidence only medium, so the estimate is less certain

What runs behind every stock

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

Price vs Fair Value

€17.50 €9.16 Fair Value €4.39 Jul 2025 Sep 2026

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

14‑month range €9.16 – €17.50 · fair‑value band €3.29 – €5.49 · the €17.48 price screens above the €4.39 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

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.

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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.

Stock analysis

EnergyVision NV (ENRGY) currently trades at €17.48, while our model-based Fair Value estimate is €4.39, implying the stock looks roughly 298.2% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of €7.13 per share, and 0 of the 14 models we run sit above the €17.48 price.

Bear case: the Asset-Based group reads lowest at €1.47, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.

Scenario range: €3.29 (bear) to €5.49 (bull), the price of €17.48 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 45/100 (below-average quality), in the Utilities sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

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.

Key figures

Market cap €1.1B · P/E ratio 64.7 · P/S ratio 5.86 · EPS (TTM) €0.2700 · Net margin 9.0% · Return on equity 14.6% · Return on assets (EBIT) 5.3% · Operating margin 12.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades at its 52-week high and 91% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −34% fair-value upside, at −75%, ENRGY screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (€1.47 to €12.25). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear €3.29 Fair Value €4.39 Bull €5.49
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 (€0.1975 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.
Highest evidence
EPV €1.23 €1.54 €1.80 71
ROIC Compounder €1.23 €1.54 €1.80 69
EV/EBITDA €3.74 €5.33 €6.91 67
All 14 models by family
Earnings-Based
Graham-Dodd €1.76 €12.25 €17.19 60
Lynch FV €3.99 €5.70 €7.41 58
PEG = 1.0 €3.99 €5.70 €7.41 55
EPV €1.23 €1.54 €1.80 71
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 65
EV/EBITDA €3.74 €5.33 €6.91 67
EV/Revenue €2.23 €3.63 €5.03 53
Asset-Based
NCAV (Graham) €1.10 €1.47 €2.19 54
Economic Profit
Residual Income €1.90 €2.12 €3.30 67
ROIC Compounder €1.23 €1.54 €1.80 69
Growth Earnings
Growth-Adj P/E €4.99 €7.13 €9.26 65

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Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 82

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 83
Price trend over the last 3–12 months (market factor)
52W Momentum 94
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 3 years) (mathematically smoothed) 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+30.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+30.9%
Dividend (yield on the price)0.0%
Profit margin 2022 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.9% → 13%
2025 sits 154% above its own trend. The rate follows the median trend of the last 3 years, not that single year.

ENRGY screens 298% overvalued. Compare with China Yangtze Power Co →

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Peer GroupHow 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 · 210 stocks

Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 45 · Above median
Fair Value upside −75% · Bottom 25%
Profitability
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
Growth and dividend
Revenue growth 94% · Top 25%
Balance sheet
Debt / equity 0.61× · Below median

Valuation Multiplesvs Utilities - Renewable median · lower = cheaper

P/E (TTM) 64.7× · Priciest 25%
P/B 9.08× · Priciest 25%
P/S (TTM) 6.97× · Priciest 25%
EV/EBITDA 36.5× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 13
FUTURE (revenue growth)100 · sector 0
PAST (return on equity)58 · sector 14
HEALTH (low debt)70 · sector 68
DIVIDEND (yield)0 · sector 47

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

Context: sector, industry, market

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 Utilities - Renewable stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥28.08 ¥30.89 +10%
Ørsted A/S ORSTED kr 142.20 kr 31.40 −78%
Huaneng Lancang River Hydropower Inc 600025 ¥9.62 ¥4.45 −54%
Adani Green Energy Limited ADANIGREEN ₹1,301 ₹169.61 −87%
VERBUND AG VER €62.10 €56.60 −9%
BEP BEP $29.78 $70.40 +136%
Fortum Oyj FORTUM €23.56 €14.06 −40%
SDIC Power Holdings 600886 ¥14.30 ¥17.08 +19%
China Three Gorges Renewables (Group) Co 600905 ¥3.64 ¥2.40 −34%
EDP Renewables, S.A EDPR €13.22 €3.67 −72%

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

Frequently asked questions

Is EnergyVision NV (ENRGY) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €4.39 versus a price of €17.48, about −75% upside (overvalued).
What is the fair value of ENRGY?
Our model-based fair value for EnergyVision NV is €4.39 (as of Sep 23, 2026), built from audited fundamentals. The current price: €17.48.
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 price target for EnergyVision NV (ENRGY)?
Our model-based price target is the fair value of €4.39 (as of Sep 23, 2026) from 14 valuation models. Cautious scenario €3.29, optimistic scenario €5.49. It is a calculation from audited fundamentals, not an analyst target.
What is the EnergyVision NV stock forecast for 2026?
Our models put fair value at €4.39, about −75% upside versus a price of €17.48 (overvalued). Cautious scenario €3.29, optimistic scenario €5.49. The calculation is refreshed regularly with new filings.
What is the revenue of EnergyVision NV (ENRGY)?
EnergyVision NV reported trailing-twelve-month revenue of about €173M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of EnergyVision NV (ENRGY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EnergyVision NV it is €4.39 per share (as of Sep 23, 2026), against a price of €17.48. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is EnergyVision NV stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ENRGY trades above its calculated fair value: price €17.48, fair value €4.39, a gap of about −75% (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 ENRGY?
No. The price is what the market pays today (€17.48); the fair value is what the company's own numbers justify (€4.39). For EnergyVision NV the two are €13.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is EnergyVision NV worth?
The market values EnergyVision NV at about €1.1B (market capitalisation, as of Sep 23, 2026). Per share that is €17.48; our models calculate a fair value of €4.39 per share.
What do the bullish and bearish scenarios say about ENRGY?
Our models span a range for EnergyVision NV: cautious scenario €3.29, base €4.39, optimistic €5.49 per share (as of Sep 23, 2026, price €17.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENRGY?
EnergyVision NV trades at a price-to-earnings ratio of 64.7 (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 €4.39 is built from several models across several years. Other multiples: P/B 9.1, P/S 7.0, EV/EBITDA 36.5.
How solid is the balance sheet of EnergyVision NV (ENRGY)?
Balance-sheet figures for EnergyVision NV (as of Sep 23, 2026): return on equity 14.6%, debt of 0.61 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is ENRGY from its 52-week high?
EnergyVision NV trades at €17.48, at its 52-week high of €17.50 and 91% above the low of €9.16 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €4.39 is for.
Which stocks are comparable to EnergyVision NV?
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 EnergyVision NV stock attractive at the current price?
The data as of Sep 23, 2026: price €17.48, calculated fair value €4.39 (−75%), Quality Score 45/100, from 14 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 ENRGY calculated?
We run EnergyVision NV through 14 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 €4.39, 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 14.1 % above its aggregate fair value. EnergyVision NV 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 EnergyVision NV (ENRGY)?
The closing price on Sep 23, 2026 was €17.48. Our model-based fair value is €4.39, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EnergyVision NV right 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.

Key figures of EnergyVision NV

How large is the market capitalisation of EnergyVision NV (ENRGY)?
The market capitalisation of EnergyVision NV is €1.1B. 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 EnergyVision NV (ENRGY)?
The price-to-sales ratio of EnergyVision NV is 5.86 (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 EnergyVision NV (ENRGY)?
Earnings per share at EnergyVision NV are €0.2700 (price ÷ EPS = P/E 64.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of EnergyVision NV (ENRGY)?
The net margin of EnergyVision NV is 9.0% (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 EnergyVision NV (ENRGY)?
The return on equity (ROE) of EnergyVision NV is 14.6% (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 EnergyVision NV (ENRGY)?
On an EBIT basis the return on assets of EnergyVision NV is 5.3% (avg 4y). 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 EnergyVision NV (ENRGY)?
The operating margin of EnergyVision NV is 12.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EnergyVision NV (ENRGY)?
Revenue at EnergyVision NV is growing +93.7% versus a year earlier (3y avg +17.1%). 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 EnergyVision NV (ENRGY)?
Earnings per share at EnergyVision NV are growing +98.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does EnergyVision NV (ENRGY) generate?
The free cash flow of EnergyVision NV is −€15.9M (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 EnergyVision NV (ENRGY) carry?
The net debt of EnergyVision NV is €75.3M (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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