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NextEnergy Solar Fund Limited (NESF) Fair Value & Analysis

Financial Services · GB · Market cap 279M GBX

NS NextEnergy Solar Fund Limited NESF · LSE
Price£0.4540
Fair Value£0.9100
Upside+100.4%
Quality50/100
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Evidence: Medium Range £0.5000 – £1.25

Fair value as of: Jun 26, 2026

From 8 valuation models · updated 7 days ago

Fair value updated Jun 26, 2026 — revised from £0.9000 to £0.9100 (+1.1%) since Jun 25, 2026. Share price −0.1% over the past month.

Price vs Fair Value (12 months)

£0.6541 £0.4092 Fair Value £0.9100 Jul 2025 Jul 2026

12‑month range £0.4092 – £0.6541 · fair‑value band £0.5000 – £1.25 · the £0.4540 price screens below the £0.9100 fair value. As of Jun 26, 2026.

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Analysis

NextEnergy Solar Fund Limited (NESF) currently trades at £0.4540, while our model-based Fair Value estimate is £0.9100 — implying the stock looks roughly 100.4% undervalued today. We read business quality at 50/100 (solid quality), in the Financial Services 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: medium) — always confirm before acting.

Over the trailing twelve months, NextEnergy Solar Fund Limited generated revenue of £44.1M at a net margin of -12.7%. Revenue grew 2.5% year over year. It earns a return on equity of -1.0%. The balance sheet holds a net cash position of £3.2M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 44.1M GBX
Revenue growth (YoY) +2.5%
Net margin -12.7%
Return on equity -1.0%
Free cash flow 64.2M GBX FY2025
Operating margin 82.1%
More key figures
EPS (TTM) £-0.0100
Dividend yield 0.2%
EPS growth (YoY) +96.7%
Net cash 3.2M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

NextEnergy Solar Fund Limited specializes in investments in operational solar photovoltaic (PV) assets. The fund intends primarily to acquire operating assets, but may invest in assets that are under development, that is, at the stage of origination, project planning or construction. Within this sector it intends to acquire assets that are primarily ground-based and utility-scale and which are on sites that may be agricultural, industrial, and/or commercial. It invests in solar power plants. The fund may also acquire selected building-integrated installations. It invests in electric power by solar energy and independent power producers and energy traders. It seeks to invest in the United Kingdom. It will typically seek to acquire sole ownership, but may enter into joint ventures or acquire majority interests. Where an interest of less than 100 percent in a particular asset is acquired, the fund intends to secure controlling shareholder rights through shareholders' agreements or …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NextEnergy Solar Fund Limited reported revenue of £1.1M in FY2025 versus £51.4M in FY2021, a compound −62.1%/yr. Reported net income was −£10.9M in FY2025.

Revenue −62.1%/yr
FY21 £51.4M
FY22 £139M
FY23 £60.2M
FY24 £3.6M
FY25 £1.1M
Net income
FY21 £40.2M
FY22 £128M
FY23 £48.3M
FY24 −£8.4M
FY25 −£10.9M

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Frequently asked questions

Is NextEnergy Solar Fund Limited (NESF) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £0.9100 versus a price of £0.4540 — about +100% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NESF?
Our model-based fair value for NextEnergy Solar Fund Limited is £0.9100 (as of Jun 26, 2026), built from audited fundamentals. The current price is £0.4540.
What is the quality score of NESF?
NextEnergy Solar Fund Limited has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of NextEnergy Solar Fund Limited (NESF)?
NextEnergy Solar Fund Limited reported trailing-twelve-month revenue of about £44.1M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of NESF?
The net profit margin of NextEnergy Solar Fund Limited is about -12.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does NextEnergy Solar Fund Limited pay a dividend?
NextEnergy Solar Fund Limited currently shows a dividend yield of about 0.18% relative to its recent price (as of Jun 26, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.