Anaergia Inc.

TSX:ANRG Stock Report

Market Cap: CA$408.7m

Anaergia Future Growth

Future criteria checks 4/6

Anaergia is forecast to grow earnings and revenue by 63% and 14.3% per annum respectively while EPS is expected to grow by 60.9% per annum.

Key information

63.0%

Earnings growth rate

60.88%

EPS growth rate

Commercial Services earnings growth82.7%
Revenue growth rate14.3%
Future return on equityn/a
Analyst coverage

Low

Last updated12 Aug 2026

Recent future growth updates

Recent updates

Narrative Update Jun 23

ANRG: Bullish Biomethane Contracts Will Drive Future Cash Flows

Anaergia's latest analyst price target has shifted to CA$5.16, with analysts citing a newly bullish initiation that highlights the stock's potential compared with unchanged fair value, discount rate, growth, margin, and P/E assumptions. What’s in the News for Anaergia Anaergia appointed RSM Canada LLP as auditor at its annual general meeting of shareholders held on June 16, 2026.
Narrative Update Jun 06

ANRG: Circular Contracts And Biomethane Demand Framework Will Drive Future Cash Flows

Anaergia's analyst price target is unchanged at CA$5.16, with analysts pointing to slightly adjusted revenue growth and margin expectations, along with a lower future P/E assumption, to support their current views. Analyst Commentary Bullish Takeaways Bullish analysts point to the unchanged CA$5.16 target as a signal that their long term view on the stock remains intact, even with updated revenue and margin assumptions.
Narrative Update May 05

ANRG: Circular Contracts And Supportive Assumptions Will Drive Future Cash Flows

The consensus analyst price target for Anaergia is now CA$5.16, with analysts pointing to recent bullish initiation coverage and supportive assumptions on discount rate, revenue growth, profit margin and future P/E to back their updated view. Analyst Commentary Recent research coverage has focused on how assumptions around discount rate, revenue growth, profit margins and future P/E could influence where Anaergia trades relative to the CA$5.16 consensus target.
Narrative Update Apr 21

ANRG: Gela Contract And SB 1440 Project Will Support Future Circular Cash Flows

Anaergia's analyst price target has been adjusted to CA$5.16 from CA$5.20, with analysts citing updated assumptions for growth, profitability and P/E, along with supportive recent bullish initiation reports from multiple firms. Analyst Commentary Recent research coverage has focused on how Anaergia could execute on its growth plans while aligning profitability and valuation expectations.
Narrative Update Apr 05

ANRG: Gela Biorefinery Contract Will Support Future Circular Cash Flow Upside

Anaergia's analyst price target has been updated slightly higher to CA$5.20, with analysts pointing to adjusted assumptions for revenue growth, profit margins and future P/E expectations following fresh research coverage. Analyst Commentary Fresh research coverage has brought more structured views on how Anaergia might execute on its plans and how that could tie into the updated CA$5.20 price target.
Narrative Update Mar 22

ANRG: Gela Biorefinery Project Will Support Future Circular Cash Flow Upside

Analysts have modestly adjusted their price target on Anaergia to CA$5.08. This reflects slightly updated assumptions around the discount rate, revenue growth, profit margin and future P/E, while leaving the overall fair value view broadly unchanged.
Narrative Update Mar 07

ANRG: New Circular Projects Will Support Future Cash Flow Upside

Analysts have modestly adjusted their price target on Anaergia to CA$5.08, reflecting slightly updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples, while keeping their overall fair value view essentially unchanged. What's in the News Anaergia, through subsidiary Anaergia S.r.l., agreed to supply its anaerobic digestion technology to Circular Renewable Evolution S.r.l. as part of a €50 million initiative at Eni's Gela biorefinery, including about C$13 million of equipment and systems (Key Developments).
Narrative Update Feb 21

ANRG: New Circular Economy Contracts Will Support Future Cash Flow Upside

Analysts have slightly adjusted their fair value work on Anaergia, resulting in a refreshed price target that remains effectively unchanged at about CA$5.08. The revision reflects only marginal tweaks to discount rate assumptions, long term revenue growth expectations and future P/E inputs.
Analysis Article Feb 15

Anaergia Inc. (TSE:ANRG) Stocks Pounded By 29% But Not Lagging Industry On Growth Or Pricing

Anaergia Inc. ( TSE:ANRG ) shares have had a horrible month, losing 29% after a relatively good period beforehand...
Narrative Update Feb 06

ANRG: New Waste-To-Energy Contracts Will Support Future Cash Flow Upside

Analysts have modestly adjusted their price target framework for Anaergia, keeping fair value steady at $5.08. They have fine tuned assumptions such as a slightly higher discount rate and a future P/E of about 60.30 to reflect updated risk and earnings expectations.
Narrative Update Jan 22

ANRG: New Waste-To-Energy Contracts Will Support Stronger Future Cash Flows

Analysts have trimmed their price targets on Anaergia to reflect a slightly lower discount rate, along with updated assumptions for revenue growth, profit margins and future P/E. Their overall valuation view remains broadly unchanged in currency terms.
Narrative Update Jan 07

ANRG: New Waste-To-Energy Contracts Will Support Stronger Future Cash Flows

Anaergia's analyst price target has been reaffirmed at US$5.08, with analysts pointing to largely unchanged fair value estimates, discount rate, revenue growth, profit margin and future P/E assumptions as the basis for maintaining their view. What's in the News Anaergia, through subsidiary Anaergia Technologies, LLC, signed a contract with PepsiCo Mexico Foods subsidiary Sabritas S.
Narrative Update Dec 23

ANRG: New Waste-To-Energy Contracts Will Drive Stronger Future Cash Flows

Analysts have maintained their price target for Anaergia at approximately $5.08 per share, citing only marginal adjustments to the discount rate, revenue growth, profit margin, and future valuation multiples that did not materially alter their outlook. What's in the News Anaergia Technologies, LLC signed a contract with PepsiCo Mexico Foods subsidiary Sabritas to deliver an integrated renewable energy solution that will convert about 50,000 tons of organic residuals per year into carbon negative biomethane, with operations targeted before the end of 2026 (Key Developments).
Narrative Update Dec 09

ANRG: New Waste-To-Energy Contract Will Drive Stronger Future Profitability

Analysts have modestly raised their price target on Anaergia to reflect improved expectations for revenue growth and profit margins. They now value the stock at approximately 5.08 dollars per share versus the prior 5.00 dollars, while also incorporating a slightly lower discount rate and a more conservative future price to earnings multiple.
Narrative Update Nov 25

ANRG: Major New Contracts Will Drive Expanding Profitability Over Next Two Years

Anaergia’s analyst price target has been revised downward from $5.00 to $5.00, reflecting analysts’ reduced estimates for revenue growth and profit margin. Analysts also note a higher anticipated future price-to-earnings ratio and a slight increase in the discount rate in their updated forecasts.
Analysis Article Nov 18

We Think Anaergia (TSE:ANRG) Has A Fair Chunk Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Narrative Update Nov 07

ANRG: Major Renewable Gas Contracts Will Drive Profitability Expansion Ahead

Anaergia's analyst price target has been adjusted upward from $5.00 to $5.00. This reflects analysts' expectations that higher projected profit margins will offset a slight increase in the discount rate and a lower future price-to-earnings ratio forecast.
Narrative Update Oct 24

Major Contracts And Projects Will Expand European And North American Bioenergy

Analysts have revised their price target for Anaergia to $5.00 per share from $5. This change reflects slight adjustments to profit margin estimates and future valuation multiples.
Narrative Update Oct 09

Decarbonization Trends Will Drive European Infrastructure Expansion

Analysts have raised their fair value estimate for Anaergia from $3 to $5.00 per share, based on updated outlooks on key financial metrics and revised expectations for future earnings performance. What's in the News Anaergia Inc.
Analysis Article Aug 21

Investors Appear Satisfied With Anaergia Inc.'s (TSE:ANRG) Prospects As Shares Rocket 30%

Despite an already strong run, Anaergia Inc. ( TSE:ANRG ) shares have been powering on, with a gain of 30% in the last...
Narrative Update Aug 21

Decarbonization Trends Will Drive European Infrastructure Expansion

Anaergia’s consensus price target has sharply increased as analysts have upgraded revenue growth forecasts from 17.9% to 35.6% per annum and assigned a higher future P/E, resulting in a fair value revision from CA$1.30 to CA$3.00. What's in the News Anaergia, via its subsidiary Anaergia S.r.l., signed a binding agreement with a leading Spanish renewable gas infrastructure firm to supply technology and services for over 15 new biomethane plants in Spain.
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New Narrative May 18

Capital Sales And Global Partnerships Will Create New Opportunities

Transition to a capital-light model and strong focus on capital sales increases backlog, positively impacting future revenue and earnings.
Analysis Article Apr 29

With Anaergia Inc. (TSE:ANRG) It Looks Like You'll Get What You Pay For

When close to half the companies in the Commercial Services industry in Canada have price-to-sales ratios (or "P/S...
Analysis Article Jan 21

Anaergia Inc.'s (TSE:ANRG) 52% Jump Shows Its Popularity With Investors

Anaergia Inc. ( TSE:ANRG ) shareholders would be excited to see that the share price has had a great month, posting a...
Analysis Article Jan 03

Anaergia (TSE:ANRG) Is Making Moderate Use Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Dec 07

Not Many Are Piling Into Anaergia Inc. (TSE:ANRG) Stock Yet As It Plummets 31%

Anaergia Inc. ( TSE:ANRG ) shares have retraced a considerable 31% in the last month, reversing a fair amount of their...
Analysis Article Oct 06

Anaergia Inc.'s (TSE:ANRG) 31% Jump Shows Its Popularity With Investors

Anaergia Inc. ( TSE:ANRG ) shareholders would be excited to see that the share price has had a great month, posting a...
Analysis Article Sep 18

Does Anaergia (TSE:ANRG) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Aug 09

Anaergia Inc. (TSE:ANRG) Soars 92% But It's A Story Of Risk Vs Reward

Anaergia Inc. ( TSE:ANRG ) shares have had a really impressive month, gaining 92% after a shaky period beforehand...

Earnings and Revenue Growth Forecasts

TSX:ANRG - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283391811N/A1
12/31/20273111310235
12/31/20262704-705
6/30/20262424-26N/A
3/31/2026211-3915N/A
12/31/2025180-4714N/A
9/30/2025143-55916N/A
6/30/2025120-59-25-17N/A
3/31/2025112-56-39-29N/A
12/31/2024112-56-19-9N/A
9/30/2024111-33-27-21N/A
6/30/2024116-63-35-29N/A
3/31/2024135-173-56-28N/A
12/31/2023147-178-131-67N/A
9/30/2023153-192-167-77N/A
6/30/2023164-165-178-58N/A
3/31/2023164-55-194-54N/A
12/31/2022162-56-153-33N/A
9/30/2022170-18-162-36N/A
6/30/2022152-25-152-29N/A
3/31/2022137-25-146-61N/A
12/31/2021130-20-142-60N/A
9/30/2021106-34-141-59N/A
6/30/2021120-25-134-55N/A
3/31/2021116-72-131-11N/A
12/31/2020111-66-1232N/A
12/31/2019909N/A-1N/A
12/31/201864-14N/A-7N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ANRG's forecast earnings growth (63% per year) is above the savings rate (3.1%).

Earnings vs Market: ANRG's earnings (63% per year) are forecast to grow faster than the Canadian market (10.8% per year).

High Growth Earnings: ANRG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ANRG's revenue (14.3% per year) is forecast to grow faster than the Canadian market (4.1% per year).

High Growth Revenue: ANRG's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ANRG's Return on Equity is forecast to be high in 3 years time


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/21 22:07
End of Day Share Price 2026/08/21 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Anaergia Inc. is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Theresa ChenBarclays
Moses SuttonBarclays
Donangelo VolpeBeacon Securities Limited