お知らせ • Dec 05
Encavis AG (XTRA:ECV) acquired Everswinkel I (22.8 MW) project from UKA Umweltgerechte Kraftanlagen GmbH & Co. KG. Encavis AG (XTRA:ECV) acquired Everswinkel I (22.8 MW) project from UKA Umweltgerechte Kraftanlagen GmbH & Co. KG on December 4, 2024. The wind farm, located east of Münster, consists of two projects, of which Everswinkel I (22.8 MW) has been connected to the grid since August 2024 and Everswinkel II (5.7 MW) has been under construction since May 2024.
Encavis AG (XTRA:ECV) completed the acquisition of Everswinkel I (22.8 MW) project from UKA Umweltgerechte Kraftanlagen GmbH & Co. KG on December 4, 2024. お知らせ • Nov 29
Encavis AG(XTRA:ECV) dropped from S&P Global BMI Index Encavis AG(XTRA:ECV) dropped from S&P Global BMI Index お知らせ • Nov 28
Encavis AG(XTRA:ECV) dropped from Germany SDAX (Total Return) Index Encavis AG has been dropped from the SDAX (Total Return) Index. お知らせ • Mar 14
KKR & Co. Inc. (NYSE:KKR) and Viessmann Group Gmbh & Co. Kg entered into a investment agreement to acquire 69% stake in Encavis AG (XTRA:ECV) for for €1.9 billion. KKR & Co. Inc. (NYSE:KKR) and Viessmann Group Gmbh & Co. Kg entered into a investment agreement to acquire 69% stake in Encavis AG (XTRA:ECV) for €1.9 billion on March 14, 2024. Encavis shareholders will be offered €17.50 per share in cash. In a related transaction, Abacon capital and other shareholders have signed binding agreements to sell approximately 18% and roll-over approximately 13% of Encavis shares and are fully supportive of the takeover offer. The voluntary public takeover offer will be subject to a minimum acceptance threshold of 54.2852% of all outstanding Encavis shares. The voluntary public takeover offer will be subject to various customary offer conditions, including the receipt of regulatory, antitrust and FDI approvals, with closing expected in Q4 2024. The Management Board and the Supervisory Board of Encavis, who have approved the execution of the Investment Agreement today, expressly support the Offer. PJT Partners is acting as financial advisor and Latham & Watkins and Hengeler Mueller are acting as legal advisors on the takeover offer. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €13.68, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Renewable Energy industry in Europe. Total loss to shareholders of 19% over the past year. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: €0.15 (vs €0.14 in 3Q 2022) Third quarter 2023 results: EPS: €0.15 (up from €0.14 in 3Q 2022). Revenue: €136.2m (up 3.9% from 3Q 2022). Net income: €24.0m (up 6.5% from 3Q 2022). Profit margin: 18% (in line with 3Q 2022). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Renewable Energy industry in Europe. New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bulgarian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin). お知らせ • Sep 21
Encavis AG (XTRA:ECV) acquired 17-MW wind farm in Sommerland from BayWa r.e. AG. Encavis AG (XTRA:ECV) acquired 17-MW wind farm in Sommerland from BayWa r.e. AG on September 20, 2023. The wind farm is expected to generate an average of around 53 gigawatt hours (GWh) of electricity per year and will generate revenue and earnings for Encavis from next year. Commissioning will take place during the coming weeks, with the economic transition to Encavis scheduled for January 1, 2024.Encavis AG (XTRA:ECV) completed the acquisition of 17-MW wind farm in Sommerland from BayWa r.e. AG on September 20, 2023. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: €0.17 (vs €0.22 in 2Q 2022) Second quarter 2023 results: EPS: €0.17 (down from €0.22 in 2Q 2022). Revenue: €135.2m (flat on 2Q 2022). Net income: €28.2m (down 21% from 2Q 2022). Profit margin: 21% (down from 26% in 2Q 2022). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Renewable Energy industry in Europe. お知らせ • Jun 22
Encavis AG, Annual General Meeting, Jun 05, 2024 Encavis AG, Annual General Meeting, Jun 05, 2024. Buying Opportunity • May 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €19.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 63%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings is also forecast to grow by 6.9% per annum over the same time period. Buying Opportunity • Apr 19
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €19.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 73%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is forecast to decline by 1.2% per annum over the same time period. お知らせ • Feb 10
Encavis AG (XTRA:ECV) acquired wind farm project in Bergheim from Energiekontor AG (XTRA:EKT). Encavis AG (XTRA:ECV) acquired wind farm project in Bergheim from Energiekontor AG (XTRA:EKT) on February 8, 2023.Encavis AG (XTRA:ECV) completed the acquisition of wind farm project in Bergheim from Energiekontor AG (XTRA:EKT) on February 8, 2023. お知らせ • Feb 09
Encavis AG (XTRA:ECV) acquired 11.2 MW wind farm in North Rhine-Westphalia, Germany from Energiekontor AG (XTRA:EKT). Encavis AG (XTRA:ECV) acquired 11.2 MW wind farm in North Rhine-Westphalia, Germany from Energiekontor AG (XTRA:EKT) on February 8, 2023.Encavis AG (XTRA:ECV) completed the acquisition of 11.2 MW wind farm in North Rhine-Westphalia, Germany from Energiekontor AG (XTRA:EKT) on February 8, 2023. お知らせ • Nov 24
Encavis AG to Report Q3, 2023 Results on Nov 13, 2023 Encavis AG announced that they will report Q3, 2023 results on Nov 13, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: €0.15 (vs €0.095 in 3Q 2021) Third quarter 2022 results: EPS: €0.15 (up from €0.095 in 3Q 2021). Revenue: €131.1m (up 35% from 3Q 2021). Net income: €23.7m (up 78% from 3Q 2021). Profit margin: 18% (up from 14% in 3Q 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Renewable Energy industry in Europe. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €20.54, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: €0.22 (vs €0.29 in 2Q 2021) Second quarter 2022 results: EPS: €0.22 (down from €0.29 in 2Q 2021). Revenue: €136.0m (up 32% from 2Q 2021). Net income: €35.8m (down 13% from 2Q 2021). Profit margin: 26% (down from 40% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.5%, compared to a 2,517% growth forecast for the Renewable Energy industry in Europe. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: €0.077 (vs €0.016 loss in 1Q 2021) First quarter 2022 results: EPS: €0.077 (up from €0.016 loss in 1Q 2021). Revenue: €93.4m (up 59% from 1Q 2021). Net income: €12.4m (up €14.6m from 1Q 2021). Profit margin: 13% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 1,918% growth forecast for the industry in Europe. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 16% share price gain to €19.92, the stock trades at a forward P/E ratio of 80x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: €0.52 (vs €0.074 in FY 2020) Full year 2021 results: EPS: €0.52 (up from €0.074 in FY 2020). Revenue: €332.7m (up 14% from FY 2020). Net income: €75.3m (up €65.2m from FY 2020). Profit margin: 23% (up from 3.5% in FY 2020). Over the next year, revenue is forecast to grow 6.1%, compared to a 2,598% growth forecast for the industry in Europe. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 19% share price gain to €15.23, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 25x in the Renewable Energy industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €10.90 per share.