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

Energy · CZ · Market cap A$167M

PE Photon Energy N.V PEN · AU
PriceA$0.4200
Fair ValueA$0.6800
Upside+61.9%
Quality95/100
Evidence: Low Range A$0.5100 – A$0.8500

Fair value as of: Jun 24, 2026

From 4 valuation models · updated 5 days ago

Share price −7.7% over the past month.

Price vs Fair Value (12 months)

A$1.18 A$0.3267 Fair Value A$0.6800 Jun 2025 Jun 2026

12‑month range A$0.3267 – A$1.18 · fair‑value band A$0.5100 – A$0.8500 · the A$0.4200 price screens below the A$0.6800 fair value. As of Jun 24, 2026.

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Analysis

Photon Energy N.V (PEN) currently trades at A$0.4200, while our model-based Fair Value estimate is A$0.6800 — implying the stock looks roughly 61.9% undervalued today. We read business quality at 95/100 (high quality), in the Energy 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: low) — always confirm before acting.

It earns a return on equity of -10.5%. The balance sheet holds a net cash position of A$9.2M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue growth (YoY) -100%
Return on equity -10.5%
Free cash flow −A$90.7M FY2025
EPS (TTM) A$-0.0500
EPS growth (YoY) +121%
Net cash A$9.2M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

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. 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 managem…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Photon Energy N.V reported revenue of A$2.0M in FY2025 versus A$9.8M in FY2021, a compound −32.6%/yr. Reported net income was −A$12.5M in FY2025.

Revenue −32.6%/yr
FY21 A$9.8M
FY22 A$25.2M
FY23 A$60.1M
FY24 A$11.9M
FY25 A$2.0M
Net income
FY21 −A$1.4M
FY22 −A$6.4M
FY23 −A$5.3M
FY24 −A$12.4M
FY25 −A$12.5M

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Frequently asked questions

Is Photon Energy N.V (PEN) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$0.6800 versus a price of A$0.4200 — about +62% (undervalued). Model-based estimate, not financial advice.
What is the fair value of PEN?
Our 21-model fair value for Photon Energy N.V is A$0.6800 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$0.4200.
What is the quality score of PEN?
Photon Energy N.V has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of PEN?
The net profit margin of Photon Energy N.V is about 0.0%, meaning it keeps roughly 0.0% 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.

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