Espe S.p.A. (ESPE) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Espe S.p.A. €11.05, price €6.20, upside +78.2%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Espe S.p.A. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
Espe S.p.A. produces, installs, and manages industrial electric systems worldwide. The company designs and installs photovoltaic systems, including utility scale, rooftop PV, and off-grid systems; customized BESS solutions for commercial and industrial, utility scale, and stand-alone systems; wind power systems; system integrator; and biomass solutions.
Show more
Espe S.p.A. produces, installs, and manages industrial electric systems worldwide. The company designs and installs photovoltaic systems, including utility scale, rooftop PV, and off-grid systems; customized BESS solutions for commercial and industrial, utility scale, and stand-alone systems; wind power systems; system integrator; and biomass solutions. It also offers energy systems, including large ground-mounted systems, commercial and industrial installations, renewable energy communities, and agrivoltaics systems. In addition, the company offers power skids, and power shelter substations; turbines for hydroelectric plants; and biomass co-generators. Espe S.p.A. was founded in 1974 and is based in Grantorto, Italy.
Stock analysis
Espe S.p.A. (ESPE) currently trades at €6.20, while our model-based Fair Value estimate is €11.05, implying the stock looks roughly 43.9% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of €26.76 per share, and 18 of the 25 models we run sit above the €6.20 price.
Bear case: the Dividend Discount group reads lowest at €1.66, and 7 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: €3.95 (bear) to €15.34 (bull), the price of €6.20 sits inside 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 49/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Espe S.p.A. reported revenue of €87.0M in FY2025 versus €18.1M in FY2021, a compound +48.1%/yr. Reported net income was €7.1M in FY2025, compounding +214.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap €75.3M · P/E ratio 10.8 · P/S ratio 0.88 · EPS (TTM) €0.5800 · Dividend yield 4.8% · Net margin 8.2% · Return on equity 42.8% · Return on assets (EBIT) 5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at 78%, ESPE screens cheaper than that median.
Fair Value models
Bear €3.95Fair Value €11.05Bull €15.34
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 (€0.2110 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.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+71.5%
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.
+25.5%
’21
’22
’23
’24
’25
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed
Growth Forecast
A lot of optimism in the price
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).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Engineering & Construction · 785 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+78.2% · Top 25%
Profitability
Return on equity (TTM)42.8% · Top 25%
Return on assets7.7% · Top 25%
Net margin (TTM)8.2% · Top 25%
Operating margin (TTM)14.6% · Top 25%
Growth and dividend
Revenue growth192.7% · Top 25%
Dividend yield (TTM)4.8% · Top 25%
Balance sheet
Debt / equity0.46× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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). "Espe S.p.A. Fair Value". https://www.fairvalue-calculator.com/stock/ESPE
Frequently asked questions
Is Espe S.p.A. (ESPE) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of €11.05 versus a price of €6.20, about +78% upside (undervalued).
What is the fair value of ESPE?
Our model-based fair value for Espe S.p.A. is €11.05 (as of Oct 2, 2026), built from audited fundamentals. The current price: €6.20.
What is the quality score of ESPE?
Espe S.p.A. has a Quality Score of 49/100. 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 Espe S.p.A. (ESPE)?
Our model-based price target is the fair value of €11.05 (as of Oct 2, 2026) from 25 valuation models. Cautious scenario €3.95, optimistic scenario €15.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Espe S.p.A. stock forecast for 2026?
Our models put fair value at €11.05, about +78% upside versus a price of €6.20 (undervalued). Cautious scenario €3.95, optimistic scenario €15.34. The calculation is refreshed regularly with new filings.
What is the revenue of Espe S.p.A. (ESPE)?
Espe S.p.A. reported trailing-twelve-month revenue of about €87.1M (latest available figure, as of Oct 2, 2026).
Does Espe S.p.A. pay a dividend?
Espe S.p.A. currently shows a dividend yield of about 4.84% relative to its recent price (as of Oct 2, 2026).
What growth is priced into Espe S.p.A. (ESPE)?
For today's price to be fair in a discounted-cash-flow model, Espe S.p.A. would have to grow free cash flow by more than 80 % per year for five years (discount rate 15.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +48.1 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of ESPE use?
Our models discount Espe S.p.A. at 15.2 %: a base by market capitalisation (micro), damped by beta 1.06, country premium for Italy. 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 Espe S.p.A. that is more than 80 % per year a year over ten years, using the same discount rate (15.2 %) and the same formula as our fair value.
How much growth has Espe S.p.A. (ESPE) delivered so far?
Over the past 4 years revenue at Espe S.p.A. grew +48.1 % a year. The price currently implies more than 80 % per year free-cash-flow growth a 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 Espe S.p.A. (ESPE) growing?
The median revenue growth in the sector is +6.4 % a year. That is the yardstick for the growth priced into Espe S.p.A. (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Espe S.p.A. (ESPE)?
The free-cash-flow yield on the price is 0.35 %: that much free cash flow Espe S.p.A. produces per unit of market value. When it exceeds the discount rate of our models (15.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Espe S.p.A. (ESPE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Espe S.p.A. it is €11.05 per share (as of Oct 2, 2026), against a price of €6.20. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Espe S.p.A. stock overvalued or undervalued in 2026?
As of Oct 2, 2026, ESPE trades below its calculated fair value: price €6.20, fair value €11.05, a gap of about +78% (undervalued). 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 ESPE?
No. The price is what the market pays today (€6.20); the fair value is what the company's own numbers justify (€11.05). For Espe S.p.A. the two are €4.85 per share apart. That gap is exactly why we show both numbers side by side.
How much is Espe S.p.A. worth?
The market values Espe S.p.A. at about €75.3M (market capitalisation, as of Oct 2, 2026). Per share that is €6.20; our models calculate a fair value of €11.05 per share.
What do the bullish and bearish scenarios say about ESPE?
Our models span a range for Espe S.p.A.: cautious scenario €3.95, base €11.05, optimistic €15.34 per share (as of Oct 2, 2026, price €6.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ESPE?
Espe S.p.A. trades at a price-to-earnings ratio of 10.8 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €11.05 is built from several models across several years. Other multiples: P/B 3.8, P/S 0.9, EV/EBITDA 5.4.
How solid is the balance sheet of Espe S.p.A. (ESPE)?
Balance-sheet figures for Espe S.p.A. (as of Oct 2, 2026): return on equity 42.8%, debt of 0.46 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
Which stocks are comparable to Espe S.p.A.?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 Espe S.p.A. stock attractive at the current price?
The data as of Oct 2, 2026: price €6.20, calculated fair value €11.05 (+78%), Quality Score 49/100, from 25 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 ESPE calculated?
We run Espe S.p.A. through 25 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 €11.05, 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 14.5 % above its aggregate fair value. Espe S.p.A. currently trades 44 % below its own fair value, and the market average says nothing about that. 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 Espe S.p.A. (ESPE)?
The closing price on Oct 1, 2026 was €6.20. Our model-based fair value is €11.05, about +78% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Espe S.p.A. right now?
The model range is unusually wide (€3.95 to €15.34). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Espe S.p.A.
How large is the market capitalisation of Espe S.p.A. (ESPE)?
The market capitalisation of Espe S.p.A. is €75.3M. 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 Espe S.p.A. (ESPE)?
The price-to-sales ratio of Espe S.p.A. is 0.88 (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 Espe S.p.A. (ESPE)?
Earnings per share at Espe S.p.A. are €0.5800 (price ÷ EPS = P/E 10.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Espe S.p.A. (ESPE)?
The dividend yield of Espe S.p.A. is 4.8% (payout 51.7%). 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 Espe S.p.A. (ESPE)?
The net margin of Espe S.p.A. is 8.2% (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 Espe S.p.A. (ESPE)?
The return on equity (ROE) of Espe S.p.A. is 42.8% (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 Espe S.p.A. (ESPE)?
On an EBIT basis the return on assets of Espe S.p.A. is 5.1% (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 Espe S.p.A. (ESPE)?
The operating margin of Espe S.p.A. is 14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Espe S.p.A. (ESPE)?
Revenue at Espe S.p.A. is growing +193% versus a year earlier (3y avg +25.5%). 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 Espe S.p.A. (ESPE)?
Earnings per share at Espe S.p.A. are growing +109% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Espe S.p.A. (ESPE) carry?
The net debt of Espe S.p.A. is €17.1M (fiscal year 2025, ≈ 64.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Espe S.p.A. in the live analysis
One click puts Espe S.p.A. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
