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Ørsted A/S (ORSTED) Fair Value & Analysis

Utilities · DK · Market cap 198B DKK

ØA Ørsted A/S ORSTED · CO
Pricekr 141.90
Fair Valuekr 26.69
Upside-81.2%
Quality27/100
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Expensive Growth
Thin margins · 0.2% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (7/12)
Narrow moat 40/100
Evidence: Medium Range kr 20.02 – kr 33.36 Share as image

Fair value as of: Jul 19, 2026

From 12 valuation models · updated 21 days ago

Share price −3.4% over the past month.

Below-average quality, and screening another 81% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 33.36). The favourable scenario is already priced in.
  • Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

kr 561.37 kr 99.54 Fair Value kr 26.69 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range kr 99.54 – kr 561.37 · fair‑value band kr 20.02 – kr 33.36 · the kr 141.90 price screens above the kr 26.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Ørsted A/S (ORSTED) currently trades at kr 141.90, while our model-based Fair Value estimate is kr 26.69, implying the stock looks roughly 81.2% overvalued today. The Quality Score stands at 27/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Ørsted A/S generated revenue of 80.2B DKK at a net margin of 0.2%. Revenue grew 33.4% year over year. It earns a return on equity of 0.7%. Net debt stands at 78.8B DKK. Fundamentals as of Jul 19, 2026

Our scenario range runs from kr 20.02 (bear case) to kr 33.36 (bull case); at kr 141.90, the current price sits above 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. The share trades about 22% below its 52-week high and 47% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -10% fair-value upside, at -81%, ORSTED screens richer 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 BearBaseBull Evidence
Highest evidence
Residual Income kr 63.78 kr 60.49 kr 47.71 76
Gordon GGM kr 4.77 kr 9.93 kr 15.75 70
Growth-Adj P/E kr 20.04 kr 28.63 kr 37.23 68
All 12 models by family
Earnings-Based
Graham-Dodd kr 12.56 kr 34.35 kr 45.05 54
Lynch FV kr 6.80 kr 9.72 kr 12.63 50
PEG = 1.0 kr 6.80 kr 9.72 kr 12.63 46
Dividend Discount
Gordon GGM kr 4.77 kr 9.93 kr 15.75 70
DDM Multi-Stage kr 4.77 kr 7.48 kr 10.35 61
Multiples
P/E Multiple kr 24.93 kr 33.25 kr 41.56 63
P/S Multiple kr 23.55 kr 31.40 kr 39.25 58
P/B Multiple kr 23.55 kr 31.40 kr 39.25 55
EV/EBITDA kr 26.13 kr 42.18 kr 58.22 54
Asset-Based
NCAV (Graham) kr 45.31 kr 60.72 kr 90.62 50
Economic Profit
Residual Income kr 63.78 kr 60.49 kr 47.71 76
Growth Earnings
Growth-Adj P/E kr 20.04 kr 28.63 kr 37.23 68

Widest divergence: Asset-Based (kr 60.72) versus Dividend Discount (kr 7.48). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 80.2B DKK
Revenue growth (YoY) +33.4%
Net margin 0.2%
Return on equity 0.7%
Free cash flow −31.7B DKK FY2025
Operating margin 25.3%
More key figures
EPS (TTM) kr -2.40
EPS growth (YoY) -84.9%
Net debt 78.8B DKK FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 27/100

Of which business quality 30 · Market factors (momentum, volatility) 37

Profitability 14
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 0
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

Ørsted A/S, together with its subsidiaries, owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants. It operates through Offshore, Onshore, and Bioenergy & Other segments.

Full company description

Ørsted A/S, together with its subsidiaries, owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants. It operates through Offshore, Onshore, and Bioenergy & Other segments. The Offshore segment owns, develops, constructs, and operates offshore wind farms in Europe, the United States, and the Asia-Pacific region. The Onshore segment owns, develops, constructs, and operates onshore wind and solar farms in the United States, including integrated storage. The Bioenergy & Other segment generates heat and power and offers ancillary services from CHP plants in Denmark; and optimizes its gas portfolio, as well as manages its Danish and Swedish B2B business. The company was formerly known as DONG Energy A/S and changed its name to Ørsted A/S in November 2017. Ørsted A/S was incorporated in 1972 and is based in Fredericia, Denmark.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ørsted A/S reported revenue of kr 63.6B in FY2025 versus kr 69.1B in FY2021, a compound −2.1%/yr. Reported net income was kr 2.4B in FY2025, compounding −31.3%/yr from FY2021.

Growth Quality 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
63.6B DKK
Latest YoY
+8.1%
Avg. growth/yr (3Y)
−20.4%
Avg. growth/yr (5Y)
+11.4%
Avg. growth/yr (24Y)
+6.9%
Revenue −2.1%/yr
FY21 kr 69.1B
FY22 kr 126B
FY23 kr 69.1B
FY24 kr 58.8B
FY25 kr 63.6B
Net income −31.3%/yr
FY21 kr 11.0B
FY22 kr 15.1B
FY23 −kr 20.5B
FY24 −kr 923M
FY25 kr 2.4B

ORSTED screens 81% overvalued. Compare with China Yangtze Power Co →

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Cite: Fair Value Calculator (2026). "Ørsted A/S Fair Value". https://www.fairvalue-calculator.com/stock/ORSTED

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Utilities - Renewable · 220 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 27 · Bottom 25%
Fair Value upside −81% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 3% · Above median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 25% · Above median
Revenue growth 33% · Top 25%
Debt / equity 0.73× · Higher than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/B 0.26× · Cheaper than 75% of peers
P/S (TTM) 0.38× · Cheaper than 75% of peers
EV/EBITDA 2.7× · Cheaper than 75% of peers
PEG 0.69× · 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 0 · sector 15
FUTURE 100 · sector 0
PAST 3 · sector 12
HEALTH 64 · sector 68
DIVIDEND 0 · sector 48

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%
SDIC Power Holdings 600886 ¥14.23 ¥16.63 +17%

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Frequently asked questions

Is Ørsted A/S (ORSTED) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 26.69 versus a price of kr 141.90, about −81% (overvalued).
What is the fair value of ORSTED?
Our model-based fair value for Ørsted A/S is kr 26.69 (as of Jul 19, 2026), built from audited fundamentals. The current price is kr 141.90.
What is the quality score of ORSTED?
Ørsted A/S has a Quality Score of 27/100. 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 Ørsted A/S (ORSTED)?
Ørsted A/S reported trailing-twelve-month revenue of about 80.2B DKK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of ORSTED?
The net profit margin of Ørsted A/S is about 0.2%, meaning it keeps roughly 0.2% of revenue as net income. Based on the latest reported figures.

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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