Enlight Research Updates Valuation for Eleving Group

Eleving Group S.A. has announced that Enlight Research released an updated report following the company's six-month financial results. This update sees analysts increasing their base case fair value estimate to EUR 2.44 per share, signifying a potential 46% increase from the current market price of EUR 1.68 as of August 17.

Key highlights from the report include total revenue for Q2 2026 amounting to EUR 87.2 million, surpassing Enlight Research's estimates. Net profit to equity holders for the same period reached EUR 8.8 million, exceeding projections by 37%. The loan book saw a 39% year-on-year growth, reaching EUR 522 million, outperforming forecasts.

Enlight Research has adjusted its estimates for 2026–2028 and raised its fair value per share estimate. The report suggests a P/E of 5.8x and a P/BV of 1.7x for 2026.