Aankondiging • 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. Aankondiging • Nov 29
Encavis AG(XTRA:ECV) dropped from S&P Global BMI Index Encavis AG(XTRA:ECV) dropped from S&P Global BMI Index Aankondiging • Nov 28
Encavis AG(XTRA:ECV) dropped from Germany SDAX (Total Return) Index Encavis AG has been dropped from the SDAX (Total Return) Index. Aankondiging • Sep 12
Encavis AG (XTRA:ECV) agreed to acquire 18 MW Wind Farm in Germany. Encavis AG (XTRA:ECV) agreed to acquire 18 MW Wind Farm in Germany on September 11, 2024. Aankondiging • 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 25% After last week's 25% share price gain to €13.82, 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 32% over the past three years. Aankondiging • Dec 20
Encavis AG (XTRA : ECV) agreed to acquire Solar park project Pozzolo. Encavis AG (XTRA : ECV) agreed to acquire Solar park project Pozzolo on December 19, 2023. Reported Earnings • Nov 16
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 6.1% 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 7.8% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Oct 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (5.2% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin). Aankondiging • 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 6.9% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Jul 30
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 Austrian stocks, typically moving 4.2% 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 (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (4.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (15% net profit margin). Aankondiging • Jun 22
Encavis AG, Annual General Meeting, Jun 05, 2024 Encavis AG, Annual General Meeting, Jun 05, 2024. Buying Opportunity • May 18
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €20.13, 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. Aankondiging • 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. Aankondiging • 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. Aankondiging • Dec 17
Encavis AG (XTRA:ECV) completed the acquisition of 69.3-MW wind farm in Lithuania from E Energija UAB. Encavis AG (XTRA:ECV) agreed to acquire 69.3-MW wind farm in Lithuania on November 28, 2022. The deal, expected to complete by the end of 2022. Mario Schirru joined Encavis AG.Encavis AG (XTRA:ECV) completed the acquisition of 69.3-MW wind farm in Lithuania from E Energija UAB on December 16, 2022. Aankondiging • Nov 28
Encavis AG (XTRA:ECV) agreed to acquire 69.3-MW wind farm in Lithuania. Encavis AG (XTRA:ECV) agreed to acquire 69.3-MW wind farm in Lithuania on November 28, 2022. The deal, expected to complete by the end of 2022. Mario Schirru joined Encavis AG. Aankondiging • Nov 25
Encavis AG (XTRA:ECV) completed the acquisition of 14 MW solar park in Sweden. Encavis AG (XTRA:ECV) agreed to acquire 14 MW solar park in Sweden from Solgrid AS on November 24, 2022.
Encavis AG (XTRA:ECV) completed the acquisition of 14 MW solar park in Sweden from Solgrid AS on November 24, 2022. Aankondiging • 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. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 04
Encavis AG (XTRA:ECV) acquired 50% additional stake in Stern Energy SpA. Encavis AG (XTRA:ECV) acquired 50% additional stake in Stern Energy SpA on November 3, 2022.Encavis AG (XTRA:ECV) completed the acquisition of 50% additional stake in Stern Energy SpA on November 3, 2022. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 17% share price gain to €21.03, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 20x in the Renewable Energy industry in Europe. Total returns to shareholders of 159% over the past three years. Aankondiging • Aug 24
Encavis AG (XTRA:ECV) agreed to acquire 26 MWp solar park in Hockliffe from Industria Brand Energy Limited. Encavis AG (XTRA:ECV) agreed to acquire 26 MWp solar park in Hockliffe from Industria Brand Energy Limited on August 23, 2022. The solar park in Hockliffe (around 40 miles from London) will be connected to the grid in the first half of 2023. Aankondiging • Aug 23
Encavis AG (XTRA:ECV) acquired 48 Megawatts Three Solar Park in Netherlands from BayWa Aktiengesellschaft (XTRA:BYW). Encavis AG (XTRA:ECV) acquired 48 Megawatts Three Solar Park in Netherlands from BayWa Aktiengesellschaft (XTRA:BYW) on August 22, 2022.Encavis AG (XTRA:ECV) completed the acquisition of 48 Megawatts Three Solar Park in Netherlands from BayWa Aktiengesellschaft (XTRA:BYW) on August 22, 2022. 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 Austria. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 04
Encavis Ag Raises Outlook for the Full-Year 2022 Encavis AG announced that due to increased revenue and earnings figures in the first seven months of 2022, the Management Board of Encavis AG decided to adjust the outlook of the operating Key Performance Indicators for the full-year 2022. Thereby the hitherto used planning assumptions of the origin planning for the remaining five months of the fiscal year 2022 were set due to the very high volatility of the prices for electricity. For he year, An increase in sales to > EUR 420 million (previously > EUR 380 million), an increase in operating EBIT to > EUR 185 million (previously > EUR 166 million), an increase in operating Earnings Per Share (EPS) from EUR 0.51 to EUR 0.55. Aankondiging • Jul 22
Encavis AG (XTRA:ECV) acquired 21.8-MW wind farm in Brandenburg from UKA Umweltgerechte Kraftanlagen GmbH & Co. KG. Encavis AG (XTRA:ECV) acquired 21.8-MW wind farm in Brandenburg from UKA Umweltgerechte Kraftanlagen GmbH & Co. KG on July 21, 2022.
Encavis AG (XTRA:ECV) completed the acquisition of 21.8-MW wind farm in Brandenburg from UKA Umweltgerechte Kraftanlagen GmbH & Co. KG on July 21, 2022. Reported Earnings • May 14
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 17%, compared to a 1,924% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 13
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 20 May 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Austrian dividend payers (4.5%). Lower than average of industry peers (3.0%). Aankondiging • Apr 07
Encavis AG (XTRA:ECV) acquired Wind Farm Svoldrup. Encavis AG (XTRA:ECV) acquired Wind Farm Svoldrup on April 6, 2022.
Encavis AG (XTRA:ECV) completed the acquisition of Wind Farm Svoldrup on April 6, 2022. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 22% share price gain to €21.03, the stock trades at a forward P/E ratio of 80x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 249% over the past three years. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: €0.56 (vs €0.074 in FY 2020) Full year 2021 results: EPS: €0.56 (up from €0.074 in FY 2020). Revenue: €370.7m (up 27% from FY 2020). Net income: €81.6m (up €71.4m from FY 2020). Profit margin: 22% (up from 3.5% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.8% compared to a 2,707% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 22% share price gain to €15.36, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 24x in the Renewable Energy industry in Europe. Total returns to shareholders of 177% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.27 per share. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 50% share price gain to €21.04, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 26x in the Renewable Energy industry in Europe. Total returns to shareholders of 296% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.61 per share. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS €0.095 (vs €0.042 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €98.4m (up 21% from 3Q 2020). Net income: €13.3m (up 126% from 3Q 2020). Profit margin: 14% (up from 7.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improved over the past week After last week's 36% share price gain to €21.04, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 28x in the Renewable Energy industry in Europe. Total returns to shareholders of 275% over the past three years. Aankondiging • Jun 02
Encavis AG Approves Cash Dividend, Payable on June 30, 2021; Provides Dividend Guidance for the Year 2021 Encavis AG at its annual general meeting resolved a further increase in the cash dividend to EUR 0.28 (previous year: EUR 0.26) per no-par value share. This ninth consecutive increase in the dividend is aimed at a target dividend of EUR 0.30 per share in 2021. The payment of the cash dividend in the amount of EUR 0.28 per dividend-bearing share is planned for June 30, 2021, and the entry of the new shares in the shareholders' securities accounts and the first trading day of the new shares are scheduled for July 8, 2021. Upcoming Dividend • May 21
Upcoming dividend of €0.28 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 01 June 2021. Trailing yield: 1.8%. Lower than top quartile of Austrian dividend payers (3.2%). Lower than average of industry peers (2.4%). Reported Earnings • May 15
First quarter 2021 earnings released: €0.001 loss per share (vs €0.031 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €70.8m (up 6.8% from 1Q 2020). Net loss: €206.0k (loss narrowed 95% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Aankondiging • May 13
Encavis AG (XTRA:ECV) acquired Wind Farm Paltusmäki. Encavis AG (XTRA:ECV) acquired Wind Farm Paltusmäki on My 12, 2021. The Paltusmäki wind farm composed of five wind turbines is located near the coast of the Baltic Sea in the Northern Finnish region of North Ostrobothnia.
Encavis AG (XTRA:ECV) completed the acquisition of Wind Farm Paltusmäki on My 12, 2021. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS €0.074 (vs €0.17 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €297.4m (up 5.6% from FY 2019). Net income: €10.1m (down 54% from FY 2019). Profit margin: 3.4% (down from 7.9% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 06
New 90-day low: €17.00 The company is down 2.0% from its price of €17.42 on 04 December 2020. The Austrian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.37 per share. Aankondiging • Jan 28
Encavis AG (XTRA:ECV) acquired additional 19.99% stake in solar park Budel located near Eindhoven in Netherlands. Encavis AG (XTRA:ECV) acquired additional 19.99% stake in solar park Budel located near Eindhoven in Netherlands on January 27, 2021. Post the transaction, Encavis Group now owns close to 99% of the solar park portfolio of around 106 megawatts (MW) in The Netherlands.
Encavis AG (XTRA:ECV) completed the acquisition of additional 19.99% stake in solar park Budel located near Eindhoven in Netherlands on January 27, 2021. Is New 90 Day High Low • Jan 06
New 90-day high: €22.55 The company is up 26% from its price of €17.96 on 08 October 2020. The Austrian market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.94 per share. Aankondiging • Dec 23
Wien Energie GmbH acquired 49% stake in 36.2 MW Wind farms portfolio in Austria from Encavis AG (XTRA:CAP). Wien Energie GmbH acquired 49% stake in 36.2 MW Wind farms portfolio in Austria from Encavis AG (XTRA:CAP) on December 21, 2020. The three wind farms Pongratzer Kogel and Herrenstein in Styria and Zagersdorf in Burgenland represent a generation capacity of 36.2 MW in total.
Wien Energie GmbH completed the acquisition of 49% stake in 36.2 MW Wind farms portfolio in Austria from Encavis AG (XTRA:CAP) on December 21, 2020. Is New 90 Day High Low • Dec 15
New 90-day high: €18.50 The company is up 26% from its price of €14.66 on 15 September 2020. The Austrian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.85 per share. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS €0.042 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €81.2m (down 5.5% from 3Q 2019). Net income: €5.87m (down 70% from 3Q 2019). Profit margin: 7.2% (down from 23% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue misses expectations Revenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 9.6%, compared to a 58% growth forecast for the Renewable Energy industry in Austria. Is New 90 Day High Low • Nov 07
New 90-day high: €18.46 The company is up 34% from its price of €13.76 on 07 August 2020. The Austrian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.83 per share. Aankondiging • Oct 01
Encavis AG to Report Fiscal Year 2020 Results on Mar 23, 2021 Encavis AG announced that they will report fiscal year 2020 results on Mar 23, 2021 Is New 90 Day High Low • Sep 29
New 90-day high: €15.50 The company is up 22% from its price of €12.68 on 26 June 2020. The Austrian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.33 per share. Aankondiging • Sep 17
Encavis AG (XTRA:CAP) acquired the remaining 15% stake in 75-MW French solar parks portfolio. Encavis AG (XTRA:CAP) acquired the remaining 15% stake in 75-MW French solar parks portfolio on July 6, 2020. Catherine Olive and Thies Goldner of Osborne Clarke acted as a legal advisors to Encavis AG.
Encavis AG (XTRA:CAP) completed the acquisition of the remaining 15% stake in 75-MW French solar parks portfolio on July 6, 2020.