XTRA:CE2

Stock Analysis Report

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Executive Summary

CropEnergies AG manufactures and distributes bioethanol, and other biofuels and related products produced from grain or other agricultural raw materials in Germany and internationally.


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has CropEnergies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CE2's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.4%

CE2

4.5%

DE Oil and Gas

0.05%

DE Market


1 Year Return

55.4%

CE2

38.8%

DE Oil and Gas

3.4%

DE Market

Return vs Industry: CE2 exceeded the German Oil and Gas industry which returned 39.6% over the past year.

Return vs Market: CE2 exceeded the German Market which returned 4.5% over the past year.


Shareholder returns

CE2IndustryMarket
7 Day3.4%4.5%0.05%
30 Day25.2%16.5%5.5%
90 Day19.2%20.3%19.9%
1 Year64.0%55.4%43.6%38.8%5.7%3.4%
3 Year24.1%8.0%22.7%10.0%3.4%-4.7%
5 Year188.5%143.9%155.2%117.0%10.4%-4.5%

Price Volatility Vs. Market

How volatile is CropEnergies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CropEnergies undervalued compared to its fair value and its price relative to the market?

12.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CE2 (€10.04) is trading above our estimate of fair value (€2.87)

Significantly Below Fair Value: CE2 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CE2 is poor value based on its PE Ratio (12.2x) compared to the XE Oil and Gas industry average (8.1x).

PE vs Market: CE2 is good value based on its PE Ratio (12.2x) compared to the German market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CE2's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CE2 is overvalued based on its PB Ratio (1.7x) compared to the DE Oil and Gas industry average (1.3x).


Next Steps

Future Growth

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

-7.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CE2's forecast earnings growth is above the savings rate (0.2%).

Earnings vs Market: Insufficient data to determine if CE2's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CE2's revenue is expected to decline over the next 3 years (-7.4% per year).

High Growth Revenue: CE2's revenue is forecast to decline over the next 3 years (-7.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CE2's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has CropEnergies performed over the past 5 years?

23.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CE2 has high quality earnings.

Growing Profit Margin: CE2's current net profit margins (8.3%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: CE2 has become profitable over the past 5 years, growing earnings by 23.8% per year.

Accelerating Growth: CE2's earnings growth over the past year (142.3%) exceeds its 5-year average (23.8% per year).

Earnings vs Industry: CE2 earnings growth over the past year (142.3%) exceeded the Oil and Gas industry -16.2%.


Return on Equity

High ROE: CE2's Return on Equity (13.7%) is considered low.


Next Steps

Financial Health

How is CropEnergies's financial position?


Financial Position Analysis

Short Term Liabilities: CE2's short term assets (€313.1M) exceed its short term liabilities (€107.6M).

Long Term Liabilities: CE2's short term assets (€313.1M) exceed its long term liabilities (€65.3M).


Debt to Equity History and Analysis

Debt Level: CE2 is debt free.

Reducing Debt: CE2 has no debt compared to 5 years ago when its debt to equity ratio was 45.5%.

Debt Coverage: CE2 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CE2 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is CropEnergies's current dividend yield, its reliability and sustainability?

2.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CE2's dividend (2.99%) is higher than the bottom 25% of dividend payers in the German market (1.24%).

High Dividend: CE2's dividend (2.99%) is low compared to the top 25% of dividend payers in the German market (3.77%).


Stability and Growth of Payments

Stable Dividend: CE2's dividend payments have been volatile in the past 10 years.

Growing Dividend: CE2's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.4%), CE2's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Joachim Lutz (64yo)

5.25yrs

Tenure

Mr. Joachim Lutz has been the Chief Executive Officer of CropEnergies AG since April 30, 2015 and has been its Member of Executive Board since May 4, 2006. Mr. Lutz served as the Chief Financial Officer of ...


Leadership Team

NamePositionTenureCompensationOwnership
Joachim Lutz
CEO & Member of Executive Board5.25yrsno datano data
Stephan Meeder
CFO & Member of Executive Board5.25yrsno datano data
Fritz von Graevenitz
Chief Sales Officer & Member of Executive Board0.75yrno datano data
Jurgen Bottcher
Chief Technical Officer & Member of Executive Board0.17yrno datano data

3.0yrs

Average Tenure

54yo

Average Age

Experienced Management: CE2's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hans-Jorg Gebhard
Member of Supervisory Board13.92yrsno datano data
Markwart Kunz
Chairman of Supervisory Board8yrsno datano data
Thomas Kolbl
Deputy Chairman of Supervisory Board5.25yrsno datano data
Okonomierat Schindler
Member of Supervisory Board13.92yrsno datano data
Franz-Josef Mollenberg
Member of Supervisory Board13.92yrsno datano data
Thomas Kirchberg
Member of Supervisory Board0.33yrno datano data

11.0yrs

Average Tenure

65yo

Average Age

Experienced Board: CE2's board of directors are seasoned and experienced ( 11 years average tenure).


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.


Top Shareholders

Company Information

CropEnergies AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CropEnergies AG
  • Ticker: CE2
  • Exchange: XTRA
  • Founded: 2006
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: €886.417m
  • Shares outstanding: 87.25m
  • Website: https://www.cropenergies.com

Number of Employees


Location

  • CropEnergies AG
  • Maximilianstrasse 10
  • Mannheim
  • Baden-Württemberg
  • 68165
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CE2DB (Deutsche Boerse AG)YesBearer SharesDEEURSep 2006
CE2XTRA (XETRA Trading Platform)YesBearer SharesDEEURSep 2006
0DXGLSE (London Stock Exchange)YesBearer SharesGBEURSep 2006
CE2dBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURSep 2006

Biography

CropEnergies AG manufactures and distributes bioethanol, and other biofuels and related products produced from grain or other agricultural raw materials in Germany and internationally. The company also produces and sells protein food and animal feed products, including ProtiGrain, a protein animal feed for various types of livestock and pets; wheat gluten for food and animal feed; animal feed from the stillage; and ProtiWanze, a liquid animal feed for cattle and pigs. In addition, it offers liquefied carbon dioxide; and produces neutral alcohol for beverage, food, cosmetics, and pharmaceutical industries, as well as for industrial applications. The company was founded in 2006 and is headquartered in Mannheim, Germany. CropEnergies AG is a subsidiary of Südzucker AG. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 20:58
End of Day Share Price2020/07/14 00:00
Earnings2020/05/31
Annual Earnings2020/02/29


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 here.