Manawa Energy Ltd
NZX:MNW

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Manawa Energy Ltd
NZX:MNW
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Price: 4.85 NZD -1.62%
Market Cap: 1.5B NZD

Relative Value

The Relative Value of one MNW stock under the Base Case scenario is 6.77 NZD. Compared to the current market price of 4.85 NZD, Manawa Energy Ltd is Undervalued by 28%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MNW Relative Value
Base Case
6.77 NZD
Undervaluation 28%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
61
vs Industry
30
Median 3Y
3.2
Median 5Y
3.1
Industry
1.7
Forward
3.3
vs History
vs Industry
5
Median 3Y
4.3
Median 5Y
3.5
Industry
14.9
Forward
58.9
vs History
26
vs Industry
16
Median 3Y
13.9
Median 5Y
11.6
Industry
6.8
vs History
26
vs Industry
24
Median 3Y
19.5
Median 5Y
12.6
Industry
14
vs History
60
vs Industry
47
Median 3Y
1.3
Median 5Y
1.5
Industry
1.4
vs History
63
vs Industry
39
Median 3Y
4.2
Median 5Y
3.9
Industry
2.8
Forward
4.3
vs History
36
vs Industry
36
Median 3Y
9.5
Median 5Y
8.6
Industry
7.4
vs History
7
vs Industry
14
Median 3Y
16.8
Median 5Y
16.4
Industry
10.3
Forward
19.5
vs History
7
vs Industry
23
Median 3Y
16.8
Median 5Y
16.4
Industry
14.9
Forward
27
vs History
26
vs Industry
20
Median 3Y
18.1
Median 5Y
14.6
Industry
10.8
vs History
26
vs Industry
13
Median 3Y
42.7
Median 5Y
27.7
Industry
16.9
vs History
57
vs Industry
38
Median 3Y
1
Median 5Y
1.1
Industry
0.9

Multiples Across Competitors

MNW Competitors Multiples
Manawa Energy Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
NZ
Manawa Energy Ltd
NZX:MNW
1.5B NZD 2.7 -42.2 22.1 22.1
US
Nextera Energy Inc
NYSE:NEE
137B USD 5.4 24.9 16.3 29.3
ES
Iberdrola SA
MAD:IBE
99.8B EUR 2.2 17.8 7.6 12.6
US
Southern Co
NYSE:SO
100.3B USD 3.6 21.9 12.6 21.9
US
Duke Energy Corp
NYSE:DUK
95.4B USD 3.2 21.8 12.2 22.2
IT
Enel SpA
MIL:ENEL
78.1B EUR 1.1 11.1 6.3 9.8
US
Constellation Energy Corp
NASDAQ:CEG
86.6B USD 3.7 23.2 13 21.3
US
American Electric Power Company Inc
NASDAQ:AEP
57.7B USD 2.9 19.5 12.6 22.3
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
46.8B USD 2 17.2 11.1 19.6
US
Xcel Energy Inc
NASDAQ:XEL
41.1B USD 3 21.3 13.1 29.4
P/E Multiple
Earnings Growth PEG
NZ
Manawa Energy Ltd
NZX:MNW
Average P/E: 19.9
Negative Multiple: -42.2
58%
N/A
US
Nextera Energy Inc
NYSE:NEE
24.9
9%
2.8
ES
Iberdrola SA
MAD:IBE
17.8
7%
2.5
US
Southern Co
NYSE:SO
21.9
8%
2.7
US
Duke Energy Corp
NYSE:DUK
21.8
8%
2.7
IT
Enel SpA
MIL:ENEL
11.1
2%
5.6
US
Constellation Energy Corp
NASDAQ:CEG
23.2
0%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
19.5
7%
2.8
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
US
Exelon Corp
NASDAQ:EXC
17.2
8%
2.2
US
Xcel Energy Inc
NASDAQ:XEL
21.3
10%
2.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NZ
Manawa Energy Ltd
NZX:MNW
Average EV/EBITDA: 12.7
22.1
14%
1.6
US
Nextera Energy Inc
NYSE:NEE
16.3
19%
0.9
ES
Iberdrola SA
MAD:IBE
7.6
0%
N/A
US
Southern Co
NYSE:SO
12.6
7%
1.8
US
Duke Energy Corp
NYSE:DUK
12.2
7%
1.7
IT
Enel SpA
MIL:ENEL
6.3
7%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
13
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.6
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11.1
9%
1.2
US
Xcel Energy Inc
NASDAQ:XEL
13.1
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NZ
Manawa Energy Ltd
NZX:MNW
Average EV/EBIT: 21
22.1
6%
3.7
US
Nextera Energy Inc
NYSE:NEE
29.3
23%
1.3
ES
Iberdrola SA
MAD:IBE
12.6
2%
6.3
US
Southern Co
NYSE:SO
21.9
8%
2.7
US
Duke Energy Corp
NYSE:DUK
22.2
10%
2.2
IT
Enel SpA
MIL:ENEL
9.8
7%
1.4
US
Constellation Energy Corp
NASDAQ:CEG
21.3
4%
5.3
US
American Electric Power Company Inc
NASDAQ:AEP
22.3
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
19.6
10%
2
US
Xcel Energy Inc
NASDAQ:XEL
29.4
22%
1.3