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Jersey Electricity plc (JEL) Fair Value & Analysis

Utilities · GB · Market cap 135M GBX

JE Jersey Electricity plc JEL · LSE
Price£4.42
Fair Value£5.82
Upside+31.7%
Quality52/100
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Expensive Growth
Thin margins · 7.3% net margin
Low debt · negative free cash flow
4.92% dividend yield
Ranks above peers (8/13)
Narrow moat 41/100
Evidence: High Range £4.85 – £6.95 Share as image

Fair value as of: Jul 12, 2026

From 15 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from £5.85 to £5.82 (−0.5%) since Jun 24, 2026. Share price −1.6% over the past month.

A solid business, screening 32% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (£4.85). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

£5.12 £3.61 Fair Value £5.82 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range £3.61 – £5.12 · fair‑value band £4.85 – £6.95 · the £4.42 price screens below the £5.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Jersey Electricity plc (JEL) currently trades at £4.42, while our model-based Fair Value estimate is £5.82, implying the stock looks roughly 31.7% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Jersey Electricity plc generated revenue of £146M at a net margin of 7.5%. Revenue grew 6.1% year over year. It earns a return on equity of 4.4%. The balance sheet holds a net cash position of £3.8M. Fundamentals as of Jul 12, 2026

Our scenario range runs from £4.85 (bear case) to £6.95 (bull case); at £4.42, the current price sits below 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 Utilities peers we cover trades at -27% fair-value upside, at 32%, JEL screens cheaper 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
Residual Income £14.88 £14.46 £11.84 76
ROIC Compounder £7.90 £8.75 £9.45 72
Gordon GGM £3.82 £5.79 £7.59 70
All 15 models by family
Earnings-Based
Graham-Dodd £6.43 £15.52 £20.05 54
PEG = 1.0 £2.75 £3.92 £5.10 46
EPV £7.90 £8.75 £9.45 59
Dividend Discount
Gordon GGM £3.82 £5.79 £7.59 70
DDM Multi-Stage £3.82 £5.22 £6.45 61
Multiples
P/E Multiple £12.76 £17.01 £21.26 63
P/S Multiple £12.05 £16.07 £20.08 58
P/B Multiple £12.05 £16.07 £20.08 55
EV/EBIT £15.03 £19.79 £24.55 53
EV/EBITDA £17.88 £23.60 £29.31 54
EV/Revenue £12.30 £17.25 £22.20 43
Asset-Based
NCAV (Graham) £10.92 £14.63 £21.83 50
Economic Profit
Residual Income £14.88 £14.46 £11.84 76
ROIC Compounder £7.90 £8.75 £9.45 72
Growth Earnings
Growth-Adj P/E £9.85 £14.07 £18.29 68

Widest divergence: Multiples (£17.01) versus Dividend Discount (£5.22). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 146M GBX
Revenue growth (YoY) +6.1%
Net margin 7.5%
Return on equity 4.4%
Free cash flow −3.4M GBX FY2025
P/E ratio 12.5
More key figures
Operating margin 6.3%
EPS (TTM) £0.3600
Dividend yield 4.8%
EPS growth (YoY) -21.0%
Net cash 3.8M GBX FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 51 · Market factors (momentum, volatility) 59

Profitability 28
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 43
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

Jersey Electricity plc, together with its subsidiaries, engages in the importation, generation, transmission, distribution, and supply of electricity in Jersey. It operates through Energy, Building Services, Retail, Property, and Other segments.

Full company description

Jersey Electricity plc, together with its subsidiaries, engages in the importation, generation, transmission, distribution, and supply of electricity in Jersey. It operates through Energy, Building Services, Retail, Property, and Other segments. The company offers electric boilers, smart panel heating, air source heat pumps, heat batteries, cable and wet underfloor heating, storage heaters, hot water systems, and radiator systems; domestic solar and battery storage; air conditioners; maintenance services; and electric heating finance schemes. It also provides low-carbon electric heating systems, air source heat pumps, and solar PV partnerships; amenity lighting; and electric commercial kitchens. In addition, the company offers electric cars, vans, Ebikes, electric motorbikes, and public and home charging solutions. Further, it is involved in renewable energy, network maintenance, and metering services; providing building services, such as electric heating and heat pump, street lighting, and electric vehicle charging infrastructure installation services; digital enterprise resource planning solutions, which include Jenworks billing platform; sale and maintenance of refrigeration and catering equipment; and investments in offshore wind projects, as well as consultancy services for electrical, mechanical, and public health building services design; building services infrastructure design and coordination; MEP project management and contractor oversight; and building services surveying and condition reporting. Additionally, the company operates Powerhouse and powerhouse.je, a retail shop that offers domestic electrical appliance, home computing, smart tech, mobile phone, electric transport products, and after-sales services; and leases commercial business units, private dwellings, and mobile aerial sites, as well as fibre-optics. Jersey Electricity plc was incorporated in 1924 and is headquartered in Saint Helier, Jersey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jersey Electricity plc reported revenue of £146M in FY2025 versus £119M in FY2021, a compound +5.4%/yr. Reported net income was £11.0M in FY2025, compounding −9.2%/yr from FY2021.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
£146M
Latest YoY
+7.7%
Avg. 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.
+7.6%
Avg. 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.
+5.5%
Avg. growth/yr (33Y) 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.
+4.3%
Revenue +5.4%/yr
FY21 £119M
FY22 £117M
FY23 £125M
FY24 £136M
FY25 £146M
Net income −9.2%/yr
FY21 £16.2M
FY22 £8.3M
FY23 £11.3M
FY24 £11.6M
FY25 £11.0M
Character of growth · EPS growth decomposed (2014-2025) +2.5 % p.a.
Revenue per share +3.4 pp

of which total revenue +3.4 pp · buybacks/dilution +0.0 pp

EBIT margin −1.5 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +0.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Jersey Electricity plc Fair Value". https://www.fairvalue-calculator.com/stock/JEL

Peer Group

Utilities - Regulated Electric · 154 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 52 · Above median
Fair Value upside +32% · Above median
Return on equity (TTM) 4% · Bottom 25%
Return on assets 2% · Below median
Net margin (TTM) 7% · Below median
Operating margin (TTM) 12% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 4.9% · Top 25%
Debt / equity 0.12× · Lower than 75% of peers

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/E (TTM) 12.6× · Cheaper than median
P/B 0.72× · Cheaper than 75% of peers
P/S (TTM) 1.24× · Cheaper than median
EV/EBITDA 6.9× · Cheaper than median

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 76 · sector 7
FUTURE 7 · sector 32
PAST 17 · sector 39
HEALTH 94 · sector 54
DIVIDEND 98 · sector 56

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 - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $88.80 $32.94 -63%
The Southern Company SO $95.61 $61.06 -36%
Duke Energy Corporation DUK $126.11 $97.11 -23%
National Grid plc NGG 61,175 ARS 44,377 ARS -27%
American Electric Power Company AEP $132.50 $79.33 -40%
Dominion Energy, Inc D $70.08 $46.92 -33%
NTPC Limited NTPC ₹341.85 ₹377.16 +10%
CEZ, a. s. CEZ 232.40 PLN 159.33 PLN -31%
Power Grid Corporation POWERGRID ₹283.55 ₹252.77 -11%
China National Nuclear Power Co 601985 ¥8.91 ¥7.69 -14%

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Frequently asked questions

Is Jersey Electricity plc (JEL) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of £5.82 versus a price of £4.42, about +32% (undervalued).
What is the fair value of JEL?
Our model-based fair value for Jersey Electricity plc is £5.82 (as of Jul 12, 2026), built from audited fundamentals. The current price is £4.42.
What is the quality score of JEL?
Jersey Electricity plc has a Quality Score of 52/100. 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 Jersey Electricity plc (JEL)?
Jersey Electricity plc reported trailing-twelve-month revenue of about £146M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of JEL?
The net profit margin of Jersey Electricity plc is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.
Does Jersey Electricity plc pay a dividend?
Jersey Electricity plc currently shows a dividend yield of about 4.76% relative to its recent price (as of Jul 12, 2026).

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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