Energiekontor (XTRA:EKT) - Share price, News & Analysis

EKT fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	5/6
Past Performance	3/6
Financial Health	3/6
Dividends	1/6

EKT Stock Overview

Energiekontor AG, a project developer, engages in the planning, construction, and operation of wind farms and solar parks in England, Scotland, Portugal, the United States.

Rewards

Earnings are forecast to grow 15.56% per year

Earnings have grown 1.7% per year over the past 5 years

Risk Analysis

Debt is not well covered by operating cash flow

High level of non-cash earnings

Energiekontor Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Energiekontor
Historical stock prices
Current Share Price	€79.90
52 Week High	€102.00
52 Week Low	€52.10
Beta	0.96
1 Month Change	-10.33%
3 Month Change	-1.24%
1 Year Change	50.75%
3 Year Change	361.85%
5 Year Change	388.69%
Change since IPO	634.71%

Recent News & Updates

May 20

Does Energiekontor (ETR:EKT) Deserve A Spot On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

	EKT	DE Electrical	DE Market
7D	-0.6%	-0.4%	-0.1%
1Y	50.8%	-34.6%	-22.0%

Return vs Industry: EKT exceeded the German Electrical industry which returned -34.6% over the past year.

Return vs Market: EKT exceeded the German Market which returned -22% over the past year.

Price Volatility

Is EKT's price volatile compared to industry and market?
EKT volatility
EKT Average Weekly Movement	6.5%
Electrical Industry Average Movement	6.4%
Market Average Movement	5.6%
10% most volatile stocks in DE Market	10.0%
10% least volatile stocks in DE Market	2.8%

Stable Share Price: EKT is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: EKT's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	178	Peter Szabo	https://www.energiekontor.de

Energiekontor AG, a project developer, engages in the planning, construction, and operation of wind farms and solar parks in England, Scotland, Portugal, the United States. and France. It owns and operates 130 wind farms and 12 solar parks with a total output of approximately 1 gigawatt.

Energiekontor Fundamentals Summary

How do Energiekontor's earnings and revenue compare to its market cap?
EKT fundamental statistics
Market Cap	€1.12b
Earnings (TTM)	€36.21m
Revenue (TTM)	€156.52m

30.9x

P/E Ratio

7.1x

P/S Ratio

Is EKT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
EKT income statement (TTM)
Revenue	€156.52m
Cost of Revenue	€45.81m
Gross Profit	€110.70m
Other Expenses	€74.50m
Earnings	€36.21m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 12, 2022

Earnings per share (EPS)	2.59
Gross Margin	70.73%
Net Profit Margin	23.13%
Debt/Equity Ratio	385.7%

How did EKT perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

35%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is EKT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EKT?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for EKT. This is calculated by dividing EKT's market cap by their current preferred multiple.
What is EKT's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€1.12b

EKT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	9x
Enterprise Value/EBITDA	16.9x
PEG Ratio	2x

Price to Earnings Ratio vs Peers

How does EKT's PE Ratio compare to its peers?

EKT PE Ratio vs Peers

The above table shows the PE ratio for EKT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	22.3x

Forward PE

Price-To-Earnings vs Peers: EKT is expensive based on its Price-To-Earnings Ratio (30.9x) compared to the peer average (22.3x).

Price to Earnings Ratio vs Industry

How does EKT's PE Ratio compare vs other companies in the Electrical Industry?

Price-To-Earnings vs Industry: EKT is expensive based on its Price-To-Earnings Ratio (30.9x) compared to the German Electrical industry average (30x)

Price to Earnings Ratio vs Fair Ratio

What is EKT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EKT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	30.9x
Fair PE Ratio	24x

Price-To-Earnings vs Fair Ratio: EKT is expensive based on its Price-To-Earnings Ratio (30.9x) compared to the estimated Fair Price-To-Earnings Ratio (24x).

Share Price vs Fair Value

What is the Fair Price of EKT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EKT (€79.9) is trading above our estimate of fair value (€16.98)

Significantly Below Fair Value: EKT is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: EKT is poor value based on its PEG Ratio (2x)

Discover undervalued companies

Future Growth

How is Energiekontor forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

15.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EKT's forecast earnings growth (15.6% per year) is above the savings rate (-0.05%).

Earnings vs Market: EKT's earnings (15.6% per year) are forecast to grow faster than the German market (8.3% per year).

High Growth Earnings: EKT's earnings are forecast to grow, but not significantly.

Revenue vs Market: EKT's revenue (28.9% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: EKT's revenue (28.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EKT's Return on Equity is forecast to be high in 3 years time (30%)

Discover growth companies

Past Performance

How has Energiekontor performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

1.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EKT has a high level of non-cash earnings.

Growing Profit Margin: EKT's current net profit margins (23.1%) are higher than last year (13.9%).

Past Earnings Growth Analysis

Earnings Trend: EKT's earnings have grown by 1.7% per year over the past 5 years.

Accelerating Growth: EKT's earnings growth over the past year (77.3%) exceeds its 5-year average (1.7% per year).

Earnings vs Industry: EKT earnings growth over the past year (77.3%) underperformed the Electrical industry 77.3%.

Return on Equity

High ROE: Whilst EKT's Return on Equity (43.44%) is outstanding, this metric is skewed due to their high level of debt.

Discover strong past performing companies

Financial Health

How is Energiekontor's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: EKT's short term assets (€299.8M) exceed its short term liabilities (€180.9M).

Long Term Liabilities: EKT's short term assets (€299.8M) exceed its long term liabilities (€297.8M).

Debt to Equity History and Analysis

Debt Level: EKT's net debt to equity ratio (265.7%) is considered high.

Reducing Debt: EKT's debt to equity ratio has increased from 320.1% to 385.7% over the past 5 years.

Debt Coverage: EKT's debt is not well covered by operating cash flow (19.3%).

Interest Coverage: EKT's interest payments on its debt are well covered by EBIT (3.8x coverage).

Balance Sheet

Discover healthy companies

Dividend

What is Energiekontor current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.13%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EKT's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: EKT's dividend (1.13%) is low compared to the top 25% of dividend payers in the German market (4.53%).

Stability and Growth of Payments

Stable Dividend: EKT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: EKT's dividend payments have increased, but the company has only paid a dividend for 8 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.5%), EKT's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: EKT is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

€733k

CEO Compensation

CEO

Peter Szabo (56 yo)

no data

Tenure

€733,000

Compensation

Mr. Peter Szabo, Dipl.-Kaufm. serves as Chairman of Management Board and Managing Director of Energiekontor Finanzanlagen IV GmbH & Co. KG. Mr. Szabo serves as Chairman of the Management Board and Chief Ex...

CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD773.21K) is below average for companies of similar size in the German market ($USD1.33M).

Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/25 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31