North Atlantic Energies is a small-cap European refiner and fuel marketer with a 900M EUR market cap, and the financials show a business running on thin spreads: a 6.0% gross margin, a 3.6% operating margin, and revenue growing only 0.7%. The company has no disclosed structural moat in the data provided, and it carries negative returns on equity (-3.5%), so its earnings power has not yet translated into shareholder value. The main near-term question is whether margins can widen from this level, which would depend on refining crack spreads and cost discipline that the supplied data does not show. With no index membership, no forward earnings multiple and a current loss-making return profile, the name is worth a closer look only if the deeper work turns up evidence of a margin inflection or an asset-level advantage not visible in these headline figures.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | €70.00 | first publication | €70.00 |
Answered from North Atlantic Energies fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| NAE.PA North Atlantic Energies | €74.00 | - | - | - | -3.5% | 27 | 44 |
| TERPEL.CL Organizacion Terpel | COP 18640.00 | - | - | 5.4x | 21.5% | 45 | 71 |
| LIPIGAS.SN Empresas Lipigas S.A. | CLP 10120.00 | - | - | 13.5x | 33.8% | 69 | 69 |
| APC ARKO Petroleum Corp. Class A Common Stock | $15.86 | $12 | 29% above | 18.5x | 64.4% | 36 | 44 |
| WKC World Kinect Corporation Common Stock | $36.50 | - | - | - | -12.3% | 27 | 64 |
| SGU Star Group L.P. Common Stock | $12.98 | $21 | 37% below | 5.8x | 24.1% | 52 | 76 |
| CSAN Cosan S.A. ADS | $3.01 | - | - | - | -27.2% | 38 | 34 |
Where NAE.PA ranks against its sector peers on each metric.