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Solaria Energía y Medio Ambiente S.A (SLR) Fair Value & Analysis

Utilities · ES · Market cap €2.5B · ISIN ES0165386014

What is Solaria Energía y Medio Ambiente S.A really worth?

SE Solaria Energía y Medio Ambiente S.A SLR · MC
Price€16.82
Fair Value€9.55
Upside−43.2%
Quality41/100

Below-average quality, and trading another 76% above our fair value of €9.55.

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Strengths

Highly profitable · 48.0% net margin
Wide moat 79/100

Risks

!Expensive Growth (revenue 5y +30.0 %/yr)
!High debt · negative free cash flow
!Mixed vs. peers (6/13)
!The models disagree: range €6.25 to €33.50
!Weak on balance sheet: 23 out of 100
!Weak on dividend: 2 out of 100
Evidence: High Range €6.25 – €33.50

Fair value as of: Sep 5, 2026

From 15 valuation models · updated today

Share price +4.9% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (€6.25 to €33.50). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (5 years)

€25.75 €6.18 Fair Value €9.55 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range €6.18 – €25.75 · fair‑value band €6.25 – €33.50 · the €16.82 price screens above the €9.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

Solaria Energía y Medio Ambiente S.A (SLR) currently trades at €16.82, while our model-based Fair Value estimate is €9.55, implying the stock looks roughly 76.1% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of €41.01 per share, and 6 of the 15 models we run sit above the €16.82 price. Bear case: the Asset-Based group reads lowest at €3.56, and 9 of the 15 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Solaria Energía y Medio Ambiente S.A generated revenue of €342M at a net margin of 48.0%. Revenue grew 48.6% year over year. It earns a return on equity of 22.8%. Net debt stands at €1.6B. Fundamentals as of Sep 5, 2026

Our scenario range runs from €6.25 (bear case) to €33.50 (bull case); at €16.82, 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 35% below its 52-week high and 120% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −12% fair-value upside, at −43%, SLR screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.7474 per share, which is 7.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV best evidence €5.05 €7.04 €8.76 73
ROIC Compounder €5.05 €9.73 €14.63 69
DDM Multi-Stage €0.2300 €0.3900 €0.4800 67
All 15 models by family
Earnings-Based
Graham-Dodd €7.04 €49.12 €68.94 63
Lynch FV €22.49 €32.13 €41.77 61
PEG = 1.0 €22.49 €32.13 €41.77 57
EPV best evidence €5.05 €7.04 €8.76 73
Dividend Discount
Gordon GGM €0.2300 €0.4500 €0.6900 66
DDM Multi-Stage €0.2300 €0.3900 €0.4800 67
Multiples
P/E Multiple €13.98 €18.65 €23.31 63
P/S Multiple €2.79 €3.72 €4.65 58
P/B Multiple €7.17 €9.56 €11.95 55
EV/EBIT €10.82 €16.96 €23.10 64
EV/EBITDA €7.42 €12.43 €17.43 65
Asset-Based
NCAV (Graham) €2.65 €3.56 €5.31 54
Economic Profit
Residual Income €6.81 €9.73 €52.25 64
ROIC Compounder €5.05 €9.73 €14.63 69
Growth Earnings
Growth-Adj P/E €28.70 €41.01 €53.31 67

Widest divergence: Growth Earnings (€41.01) versus Dividend Discount (€0.3900). Highest evidence: EPV (73).

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Key figures & financial health

P/E ratio 15.3
P/S ratio 10.6 P/E × margin
EPS (TTM) €1.10 price ÷ EPS = P/E 15.3
Dividend yield 0.1% payout 1.7%
Net margin 69.6% FY2025
Return on equity 22.8% TTM
More key figures
Profitability
Return on assets (EBIT) 8.5% avg 5y
Operating margin 83.4% TTM
Growth
Revenue (TTM) €342M TTM
Revenue growth (YoY) +48.6% 3y avg +12.3%
EPS growth (YoY) +62.3%
Balance sheet & cash flow
Free cash flow −€260M FY2025
Net debt €1.6B FY2025

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 38 · Market factors (momentum, volatility) 47

Profitability 45
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 1
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Solaria Energía y Medio Ambiente, S.A., together with its subsidiaries, generates solar photovoltaic energy. It owns, manages, and operates a pipeline of approximately 14,200 MW of photovoltaic plants in Spain, Italy, Portugal, Uruguay, and Greece. The company was incorporated in 2002 and is based in Madrid, Spain.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Solaria Energía y Medio Ambiente S.A reported revenue of €197M in FY2025 versus €95.1M in FY2021, a compound +20.0%/yr. Reported net income was €137M in FY2025, compounding +30.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€197M
Latest YoY
+11.6%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+30.0%
Avg. revenue growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+34.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+35.3% (35.2 + 0.1)
Revenue +20.0%/yr
FY21 €95.1M
FY22 €139M
FY23 €191M
FY24 €177M
FY25 €197M
Net income +30.0%/yr
FY21 €48.0M
FY22 €90.0M
FY23 €108M
FY24 €88.6M
FY25 €137M

SLR screens 76% overvalued. Compare with China Yangtze Power Co →

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Cite: Fair Value Calculator (2026). "Solaria Energía y Medio Ambiente S.A Fair Value". https://www.fairvalue-calculator.com/stock/SLR

Peer Group

Utilities - Renewable · 213 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 41 · Below median
Fair Value upside −43% · Below median
Return on equity (TTM) 23% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 48% · Top 25%
Operating margin (TTM) 83% · Top 25%
Revenue growth 49% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 1.53× · Higher than 75% of peers

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 15.3× · Cheaper than median
P/B 4.10× · Pricier than 75% of peers
P/S (TTM) 8.44× · Pricier than 75% of peers
EV/EBITDA 13.1× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 6
FUTURE100 · sector 0
PAST91 · sector 14
HEALTH23 · sector 68
DIVIDEND2 · sector 44

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

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.96 ¥25.13 −10%
Ørsted A/S ORSTED kr 139.25 kr 31.40 −77%
Huaneng Lancang River Hydropower Inc 600025 ¥9.79 ¥5.57 −43%
Adani Green Energy Limited ADANIGREEN ₹1,319 ₹169.61 −87%
AXIA Energia SA AXIAP $10.74 $9.49 −12%
VERBUND AG OEWA €57.00 €66.19 +16%
BEP BEP $31.27 $70.40 +125%
BEPUN BEPUN C$45.05 C$42.83 −5%
Fortum Oyj FORTUM €19.80 €13.55 −32%
China Longyuan Power Group 001289 ¥15.92 ¥7.55 −53%

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Frequently asked questions

Is Solaria Energía y Medio Ambiente S.A (SLR) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of €9.55 versus a price of €16.82, about −43% upside (overvalued).
What is the fair value of SLR?
Our model-based fair value for Solaria Energía y Medio Ambiente S.A is €9.55 (as of Sep 5, 2026), built from audited fundamentals. The current price: €16.82.
What is the quality score of SLR?
Solaria Energía y Medio Ambiente S.A has a Quality Score of 41/100. 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 Solaria Energía y Medio Ambiente S.A (SLR)?
Solaria Energía y Medio Ambiente S.A reported trailing-twelve-month revenue of about €342M (latest available figure, as of Sep 5, 2026).
What is the net profit margin of SLR?
The net profit margin of Solaria Energía y Medio Ambiente S.A is about 48.0%, meaning it keeps roughly 48.0% of revenue as net income. Based on the latest reported figures.
Does Solaria Energía y Medio Ambiente S.A pay a dividend?
Solaria Energía y Medio Ambiente S.A currently shows a dividend yield of about 0.11% relative to its recent price (as of Sep 5, 2026).
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