Photon Energy N.V (P7V) Fair Value & Analysis

Technology · DE · Market cap €13.7M

Below-average quality, and screening another 49% overvalued on our models.

What matters now

• Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The model range is unusually wide (€0.1200 to €0.4800). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (8 months)

White line = price, green steps = our fair value per fiscal year. As of Jul 19, 2026.

How to read this chart

8‑month range €0.2250 – €0.4670 · fair‑value band €0.1200 – €0.4800 · the €0.2350 price screens above the €0.1200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 19, 2026.

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Analysis

Photon Energy N.V (P7V) currently trades at €0.2350, while our model-based Fair Value estimate is €0.1200, implying the stock looks roughly 48.9% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Technology 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, Photon Energy N.V generated revenue of €94.8M at a net margin of -18.4%. Revenue declined 30.6% year over year. It earns a return on equity of -31.0%. Net debt stands at €163M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €0.1200 (bear case) to €0.4800 (bull case); at €0.2350, the current price sits within 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 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -7% fair-value upside, at -49%, P7V 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.

Widest divergence: Asset-Based (€0.5900) versus Multiples (€0.3800). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Photon Energy N.V., through its subsidiaries, builds and optimizes solar power plants and energy storage systems in the Czech Republic, Hungary, Poland, Australia, Romania, the Slovak Republic, Germany, New Zealand, and internationally. It operates through Engineering; Technology; Investments; Operations & Maintenance; New Energy; and Other segments.

Full company description

Photon Energy N.V., through its subsidiaries, builds and optimizes solar power plants and energy storage systems in the Czech Republic, Hungary, Poland, Australia, Romania, the Slovak Republic, Germany, New Zealand, and internationally. It operates through Engineering; Technology; Investments; Operations & Maintenance; New Energy; and Other segments. The company invests in and generates electricity through photovoltaic power plants, which has a combined capacity of 129.6 MWp. It also engages in the development, engineering, construction, and installation of turnkey photovoltaic systems; operation, maintenance, and supervision of photovoltaic power plants; and provision of inverter cardio, and monitoring and control services. In addition, the company engages in the wholesale, import, and export of FVE components; and project development, water technology, and other activities. Further, it provides capacity market, energy trading, and real-time asset aggregator services; asset management and battery energy storage system optimization; energy flexibility monetization, energy offtake, and clean energy supply and power purchase agreement solutions; water and wastewater treatment, water body management, water well, and consulting services; and PFAS management and environmental remediation solutions. Photon Energy N.V. was founded in 2008 and is headquartered in Amsterdam, the Netherlands.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Photon Energy N.V reported revenue of €90.1M in FY2025 versus €36.4M in FY2021, a compound +25.5%/yr. Reported net income was −€17.4M in FY2025.

P7V screens 49% overvalued. Compare with First Solar, Inc →

Peer Group

Solar · 118 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.

Valuation Multiples vs Solar median · lower = cheaper

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.