North Atlantic Energies (NAE) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of North Atlantic Energies stock €80.18, price €76.65, upside +4.6%, quality 47 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
11‑month range €38.28 – €110.00 · fair‑value band €35.65 – €124.68 · the €76.65 price screens below the €80.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Oct 29, 2026.
Follow North Atlantic Energies in your weekly email
Every Wednesday you see whether North Atlantic Energies is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
North Atlantic Energies, distributes, and markets oil products in France and internationally.
Show moreShow less
It offers gas, gasoline, kerosene, diesel, domestic fuel oils, and heavy fuel oils; base oils, white oils, paraffins, and finished lubricants; and aviation and marine fuels under the Esso and Mobil brand names. Its products are used in automotive, industrial and marine applications.
The company also operates a network of service stations under the Esso and Esso Express brands. It markets its products through a network of distributors and resellers. The company was formerly known as Esso S.A.F. and changed its name to North Atlantic Energies in November 2025.
The company was founded in 1902 and is headquartered in Nanterre, France. As of November 28, 2025, North Atlantic Energies operates as a subsidiary of North Atlantic France SAS.
Stock analysis
North Atlantic Energies (NAE) currently trades at €76.65, while our model-based Fair Value estimate is €80.18, so the stock looks roughly fairly valued today (gap 4.4%).
Show more
Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: €35.65 (bear) to €124.68 (bull), the price of €76.65 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 47/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
North Atlantic Energies reported revenue of €11.4B in FY2025 versus €15.3B in FY2021, a compound −7.1%/yr. Reported net income was −€92.8M in FY2025.
Key figures
Market cap €985M Small · P/S ratio 0.08 · EPS (TTM) €−3.05 · Net margin −0.3% · Return on equity −3.5% · Return on assets (EBIT) 11.1% · Operating margin 3.6% · Revenue (TTM) €11.4B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 100% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −53% fair-value upside, at 5%, NAE screens cheaper than that median.
Fair Value models
Bear€35.65Fair Value €80.18Bull€124.68
Price €76.65 · Upside +4.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.9/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−36.6%
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.
−23.0%
Revenue growth 5 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.
+1.8%
Start year 2020 (pandemic). Over 10 years: −0.9% a year
Revenue growth 20 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.
+0.0%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
−5.2% (2020) → −0.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare North Atlantic Energies with another stock
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.Oil & Gas Refining & Marketing · 116 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+4.6% · Above median
Profitability
Return on assets−3.0% · Bottom 25%
Net margin (12 months)−0.3% · Bottom 25%
Operating margin (12 months)3.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.7% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs Oil & Gas Refining & Marketing 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.
Is North Atlantic Energies (NAE) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of €80.18 versus a price of €76.65, about +5% upside (fairly valued).
What is the fair value of NAE?
Our model-based fair value for North Atlantic Energies is €80.18 (as of Oct 29, 2026), built from audited fundamentals. The current price: €76.65.
What is the quality score of NAE?
North Atlantic Energies has a Quality Score of 47/100. 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 North Atlantic Energies (NAE)?
Our model-based price target is the fair value of €80.18 (as of Oct 29, 2026) from 2 valuation models. Cautious scenario €35.65, optimistic scenario €124.68. It is a calculation from audited fundamentals, not an analyst target.
What is the North Atlantic Energies stock forecast for 2026?
Our models put fair value at €80.18, about +5% upside versus a price of €76.65 (fairly valued). Cautious scenario €35.65, optimistic scenario €124.68. The calculation is refreshed regularly with new filings.
What is the revenue of North Atlantic Energies (NAE)?
North Atlantic Energies reported trailing-twelve-month revenue of about €11.4B (latest available figure, as of Oct 29, 2026).
What is the intrinsic value of North Atlantic Energies (NAE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For North Atlantic Energies it is €80.18 per share (as of Oct 29, 2026), against a price of €76.65. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is North Atlantic Energies stock overvalued or undervalued in 2026?
As of Oct 29, 2026, NAE trades below its calculated fair value: price €76.65, fair value €80.18, a gap of about +5% (fairly valued). 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 NAE?
No. The price is what the market pays today (€76.65); the fair value is what the company's own numbers justify (€80.18). For North Atlantic Energies the two are €3.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is North Atlantic Energies worth?
The market values North Atlantic Energies at about €985M (market capitalisation, as of Oct 29, 2026). Per share that is €76.65; our models calculate a fair value of €80.18 per share.
What do the bullish and bearish scenarios say about NAE?
Our models span a range for North Atlantic Energies: cautious scenario €35.65, base €80.18, optimistic €124.68 per share (as of Oct 29, 2026, price €76.65). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of North Atlantic Energies (NAE)?
Balance-sheet figures for North Atlantic Energies (as of Oct 29, 2026): return on equity −3.5%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is NAE from its 52-week high?
North Atlantic Energies trades at €76.65, about 30% below its 52-week high of €110.00 and 100% above the low of €38.28 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of €80.18 is for.
Which stocks are comparable to North Atlantic Energies?
From the same area (Energy) we also value Reliance Industries Limited, Marathon Petroleum Corporation, Valero Energy Corporation, Phillips 66, 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 North Atlantic Energies stock attractive at the current price?
The data as of Oct 29, 2026: price €76.65, calculated fair value €80.18 (+5%), Quality Score 47/100, from 2 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 NAE calculated?
We run North Atlantic Energies through 2 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 €80.18, 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 13.1 % above its aggregate fair value. North Atlantic Energies currently trades 4 % 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 North Atlantic Energies (NAE)?
The closing price on Oct 29, 2026 was €76.65. Our model-based fair value is €80.18, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with North Atlantic Energies right now?
The model range is unusually wide (€35.65 to €124.68). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of North Atlantic Energies
How large is the market capitalisation of North Atlantic Energies (NAE)?
The market capitalisation of North Atlantic Energies is €985M. 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 North Atlantic Energies (NAE)?
The price-to-sales ratio of North Atlantic Energies is 0.08 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of North Atlantic Energies (NAE)?
Earnings per share at North Atlantic Energies are €−3.05. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of North Atlantic Energies (NAE)?
The net margin of North Atlantic Energies is −0.3% (last twelve months). 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 North Atlantic Energies (NAE)?
The return on equity (ROE) of North Atlantic Energies is −3.5% (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 North Atlantic Energies (NAE)?
On an EBIT basis the return on assets of North Atlantic Energies is 11.1% (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 North Atlantic Energies (NAE)?
The operating margin of North Atlantic Energies is 3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at North Atlantic Energies (NAE)?
Revenue at North Atlantic Energies is growing +0.7% versus a year earlier (3y avg −23.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does North Atlantic Energies (NAE) generate?
The free cash flow of North Atlantic Energies is −€685M (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 North Atlantic Energies (NAE) carry?
The net debt of North Atlantic Energies is €630M (fiscal year 2025). 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 North Atlantic Energies in the live analysis
One click puts North Atlantic Energies on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.
Thin data
Oct 29, 2026