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MPC Energy Solutions NV (MPCES) Fair Value & Analysis

Utilities · NO · Market cap 301M NOK (≈ $32.4M) · ISIN NL0015268814

What is MPC Energy Solutions NV really worth?

ME MPC Energy Solutions NV MPCES · OL
Pricekr 2.35
Fair Valuekr 4.94
Upside+110.2%
Quality37/100

Below-average quality, trading 52% below our fair value of kr 4.94.

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Risks

!Mixed Growth (revenue 3y +15.4 %/yr)
!Moderate debt · negative free cash flow
!Trails peers (3/10)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range kr 3.68 – kr 6.20

Fair value as of: Sep 2, 2026

From 2 valuation models · updated today

Fair value updated Sep 2, 2026, revised from kr 2.48 to kr 4.94 (+99.2%) since Aug 15, 2026. Share price −82.3% over the past month.

What runs behind every stock

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

What matters now

  • The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (kr 3.68). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

kr 35.00 kr 1.94 Fair Value kr 4.94 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.

How to read this chart

60‑month range kr 1.94 – kr 35.00 · fair‑value band kr 3.68 – kr 6.20 · the kr 2.35 price screens below the kr 4.94 fair value. Dashed = 300-day average. As of Sep 2, 2026.

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Analysis

MPC Energy Solutions NV (MPCES) currently trades at kr 2.35, while our model-based Fair Value estimate is kr 4.94, implying the stock looks roughly 52.4% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Utilities sector. How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at 4.2M NOK. Revenue declined 52.2% year over year. It earns a return on equity of −25.0%. Net debt stands at 12.7M NOK. Fundamentals as of Sep 2, 2026

Our scenario range runs from kr 3.68 (bear case) to kr 6.20 (bull case); at kr 2.35, 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 −12% fair-value upside, at 110%, MPCES screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
EV/EBITDA best evidence kr 0.3200 kr 0.4500 kr 0.5800 67
NCAV (Graham) kr 0.1600 kr 0.2100 kr 0.3200 54
All 2 models by family
Multiples
EV/EBITDA best evidence kr 0.3200 kr 0.4500 kr 0.5800 67
Asset-Based
NCAV (Graham) kr 0.1600 kr 0.2100 kr 0.3200 54

Widest divergence: Multiples (kr 0.4500) versus Asset-Based (kr 0.2100). Highest evidence: EV/EBITDA (67).

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Key figures & financial health

P/S ratio 69.9 TTM
EPS (TTM) kr −4.64
Net margin −219% TTM
Return on equity −25.0% TTM
Return on assets (EBIT) −4.8% avg 5y
Operating margin −60.7% TTM
More key figures
Growth
Revenue (TTM) 4.2M NOK TTM
Revenue growth (YoY) −52.2% 3y avg +15.4%
Balance sheet & cash flow
Free cash flow −13.5M NOK FY2025
Net debt 12.7M NOK FY2025

Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 36 · Market factors (momentum, volatility) 18

Profitability 1
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

MPC Energy Solutions N.V., an independent power producer, develops, builds, owns, and operates renewable energy assets in Latin America and the Caribbean. The company operates utility-scale solar photovoltaics and power plants in Colombia, Mexico and El Salvador. It delivers energy to public and private commercial, and industrial off-takers.

Full company description

MPC Energy Solutions N.V., an independent power producer, develops, builds, owns, and operates renewable energy assets in Latin America and the Caribbean. The company operates utility-scale solar photovoltaics and power plants in Colombia, Mexico and El Salvador. It delivers energy to public and private commercial, and industrial off-takers. The company was incorporated in 2020 and is based in Amsterdam, Netherlands.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MPC Energy Solutions NV reported revenue of $5.6M in FY2025 versus $544K in FY2021, a compound +78.9%/yr. Reported net income was −$9.0M in FY2025.

Growth Quality 21/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
5.6M NOK
Latest YoY
−52.0%
Avg. revenue 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.
+15.4%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +78.9%/yr
FY21 $544K
FY22 $3.6M
FY23 $9.1M
FY24 $11.6M
FY25 $5.6M
Net income
FY21 −$2.8M
FY22 −$5.6M
FY23 −$8.5M
FY24 −$17.5M
FY25 −$9.0M

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Cite: Fair Value Calculator (2026). "MPC Energy Solutions NV Fair Value". https://www.fairvalue-calculator.com/stock/MPCES

Peer Group

Utilities - Renewable · 221 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 36 · Below median
Fair Value upside +110% · Top 25%
Return on assets −4% · Bottom 25%
Operating margin (TTM) −61% · Bottom 25%
Revenue growth −52% · Bottom 25%
Debt / equity 0.54× · Lower than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/B 0.81× · Cheaper than median
P/S (TTM) 7.65× · Pricier than 75% of peers
EV/EBITDA 31.4× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 8
FUTURE0 · sector 0
PAST0 · sector 11
HEALTH73 · sector 69
DIVIDEND0 · sector 43

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 (as of Sep 2, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.96 ¥25.13 −10%
Ørsted A/S ORSTED kr 139.25 kr 31.40 −77%
Huaneng Lancang River Hydropower Inc 600025 ¥9.79 ¥5.57 −43%
Adani Green Energy Limited ADANIGREEN ₹1,319 ₹169.61 −87%
AXIA Energia SA AXIAP $10.74 $9.49 −12%
VERBUND AG OEWA €57.00 €66.19 +16%
BEP BEP $32.49 $70.40 +117%
BEPUN BEPUN C$45.05 C$42.83 −5%
Fortum Oyj FORTUM €19.80 €13.55 −32%
China Longyuan Power Group 001289 ¥15.92 ¥7.55 −53%

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Frequently asked questions

Is MPC Energy Solutions NV (MPCES) overvalued or undervalued?
As of Sep 2, 2026, our model estimates a fair value of kr 4.94 versus a price of kr 2.35, about +110% upside (undervalued).
What is the fair value of MPCES?
Our model-based fair value for MPC Energy Solutions NV is kr 4.94 (as of Sep 2, 2026), built from audited fundamentals. The current price: kr 2.35.
What is the quality score of MPCES?
MPC Energy Solutions NV has a Quality Score of 37/100. 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 MPC Energy Solutions NV (MPCES)?
MPC Energy Solutions NV reported trailing-twelve-month revenue of about 4.2M NOK (latest available figure, as of Sep 2, 2026).
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