Cenergy Holdings CENER.BR
BelgiumIndustrials · Electrical Equipment & PartsEuronext Bruselas · EUR
27.60 EUR (+16.3%)
3 analysts
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Cenergy Holdings is an industrial group that, through its subsidiaries, manufactures and sells steel pipes, submarine and land cables, and other energy infrastructure products for the oil, gas, and renewable energy sectors.
Listed on Euronext Bruselas · Symbol CENER.BR · EBR: CENER · Currency EUR
Key points
from its scores- ✓Good share-price trend9.2
- ✓Strong growth7.1
- ✕Little or no dividend4.0
- ✕Demanding valuation4.8
- !Average business quality5.3
AI analysis
bottom line, main risk, context and newsStrong growth and high profitability are offset by poor cash conversion and a not particularly attractive valuation; wait for cash generation to improve or for a better entry point.
Cenergy Holdings shows solid growth (earnings +27.1%) and very high return on equity (ROE 27.25%), but free cash flow generation is negative (conversion -18.94%), which weighs on its quality and valuation (FCF yield -1.45%). Momentum is very strong (9.2), although financial health is moderate (6.59) with a tight liquidity ratio.
The persistent negative free cash flow conversion (-18.94%) is the main risk, as it may indicate working capital management issues or high investment needs that do not translate into cash for shareholders.
Context and risks
Cenergy Holdings, domiciled in Belgium, operates mainly through its Greek subsidiary and has exposure to projects in the Eastern Mediterranean. The moderate governance risk of the country of domicile, along with exposure to the Eastern Europe and Middle East region, introduces a jurisdictional risk not reflected in financial metrics.
Is Cenergy Holdings stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Industrials median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 21.4 | 25.4 | −16% |
| EV / EBITDA | 14.2 | 14.5 | −2% |
| Price / book | 5.3 | 4.1 | +31% |
| Price / sales | 2.3 | 2.1 | +12% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.8 out of 10 (median for Industrials: 5.0).
Average analyst target: 27.60 EUR, +16.3% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 21.4
- Forward P/E
- 17.7
- EV / EBITDA
- 14.2
- Price / book
- 5.3
- Price / sales
- 2.3
- PEG
- 0.65
- Market cap
- 5.0B EUR
- Enterprise value
- 5.5B EUR
Profitability
- ROE
- 27.2%
- ROA
- 8.0%
- ROIC (approx.)
- 22.6%
- Gross margin
- 19.4%
- Operating margin
- 17.2%
- Net margin
- 10.8%
- Free cash flow
- −73.1M EUR
- FCF yield
- −1.4%
- Cash conversion
- −19%
Solvency
- Total debt
- 715.2M EUR
- Net debt
- 432.4M EUR
- Cash
- 282.8M EUR
- EBITDA
- 385.9M EUR
- Net debt / EBITDA
- 1.12
- Debt / equity
- 75.11
- Current ratio
- 0.97
- Quick ratio
- 0.51
Growth
- Revenue growth
- +7.9%
- Earnings growth
- +27.1%
- EPS (TTM)
- 1.11 EUR
- EPS (forward)
- 1.34 EUR
Dividend
- Dividend yield
- 1.1%
- Payout
- 12.6%
Risk and market
- Beta
- 1.02
- Analyst consensus
- none (3)
- Target price
- 27.60 EUR
- 52-week range
- 12.50 – 28.20
Recent news
All CENER.BR news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Cenergy Holdings
Is Cenergy Holdings stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Industrials median (within 15%). Valuation score: 4.8 out of 10 (median for Industrials: 5.0). Average analyst target: 27.60 EUR, +16.3% versus the price. This is not investment advice.
What score does Cenergy Holdings get on MeridIAn Screener?
It scores 5.8 out of 10, rank 1,135 of 2,130 (better than 43% of the companies analysed). Its strongest category is Momentum (9.2) and its weakest, Dividend (4.0). Analysis of 08/10/2026.
What is Cenergy Holdings's P/E ratio?
Its P/E is 21.4: the share price equals 21.4 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 17.7.
How much is Cenergy Holdings worth on the stock market?
Its market capitalisation is 5.0B EUR and its enterprise value, debt included, is 5.5B EUR.
How much debt does Cenergy Holdings have?
Its net debt (debt minus cash) is 432.4M EUR. That is 1.12 times its EBITDA; the Industrials median is 1.58.
Does Cenergy Holdings pay a dividend?
Yes: its dividend yield is 1.10% and it pays out 13% of its earnings.
How has Cenergy Holdings stock performed over the last year?
It has risen 71.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 12.50 and 28.20 EUR. Past performance does not guarantee future results.
What do analysts think of Cenergy Holdings?
3 analysts cover it; their average recommendation is “none” and their average target is 27.60 EUR (+16.3% versus the price). It is an estimate, not market data.