ENLT
Enlight Renewable Energy Ltd
$71.83
Stable Earnings Power
85%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 117.7% above fair value
You pay
$71.83
Bear
$27.00
Fair
$33.00
Bull
$39.00
Bear
$27.00
-62.4%
$1.00 × 27x P/E
Fair
$33.00
-54.1%
$1.00 × 33x P/E
Bull
$39.00
-45.7%
$1.00 × 39x P/E
Adjust Assumptions
33.0x
1.0$
Key Value Driver
Normalized P/E multiple (33x base case)
Implied Market Multiple
71.8x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (8 analysts)
$103.33
Divergence from AlphaVal
68%
Summary
Applying a 33x P/E to adjusted EPS of $1.00, the base-case value is $33.00 per share.
Warnings
Wall Street's average price target is $103.33 (from 8 analysts). Our estimate is 68% below the consensus -- consider that gap carefully.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples