XTRA:CE2

Stock Analysis Report

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

Fundamentals

Flawless balance sheet with proven 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


Market Performance


7 Day Return

4.8%

CE2

5.3%

DE Oil and Gas

3.9%

DE Market


1 Year Return

59.1%

CE2

47.7%

DE Oil and Gas

3.4%

DE Market

Return vs Industry: CE2 exceeded the German Oil and Gas industry which returned 47.7% over the past year.

Return vs Market: CE2 exceeded the German Market which returned 3.4% over the past year.


Shareholder returns

CE2IndustryMarket
7 Day4.8%5.3%3.9%
30 Day13.5%5.0%2.1%
90 Day18.5%14.2%3.7%
1 Year62.9%59.1%52.6%47.7%6.7%3.4%
3 Year52.5%36.9%44.1%30.4%18.9%8.6%
5 Year99.2%73.6%171.8%129.2%41.8%22.5%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: CE2 (€7.05) is trading below our estimate of fair value (€17.65)

Significantly Undervalued: CE2 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CE2 is poor value based on its PE Ratio (13.4x) compared to the Oil and Gas industry average (9.3x).

PE vs Market: CE2 is good value based on its PE Ratio (13.4x) compared to the German market (19.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: CE2 is poor value based on its PEG Ratio (16.6x)


Price to Book Ratio

PB vs Industry: CE2 is overvalued based on its PB Ratio (1.4x) compared to the DE Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is CropEnergies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CE2's forecast earnings growth (0.8% per year) is above the savings rate (0.2%).

Earnings vs Market: CE2's earnings (0.8% per year) are forecast to grow slower than the German market (12.6% per year).

High Growth Earnings: CE2's earnings are forecast to grow, but not significantly.

Revenue vs Market: CE2's revenue (10.6% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: CE2's revenue (10.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High 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?

36.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CE2 has become profitable over the past 5 years, growing earnings by 36.1% per year.

Accelerating Growth: CE2's earnings growth over the past year (99.6%) exceeds its 5-year average (36.1% per year).

Earnings vs Industry: CE2 earnings growth over the past year (99.6%) exceeded the Oil and Gas industry 10%.


Return on Equity

High ROE: CE2's Return on Equity (10.1%) is considered low.


Return on Assets

ROA vs Industry: CE2 has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: CE2's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is CropEnergies's financial position?


Financial Position Analysis

Short Term Liabilities: CE2's short term assets (€227.7M) exceeds its short term liabilities (€95.9M)

Long Term Liabilities: CE2's short term assets (227.7M) exceeds its long term liabilities (59.5M)


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 41.1%.

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

Inventory Level: CE2 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CE2's debt is covered by short term assets.


Next Steps

Dividend

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

2.13%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%1.5%markettop25%3.8%industryaverage6.0%forecastin3Years2.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CE2's dividend (2.13%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: CE2's dividend (2.13%) is low compared to the top 25% of dividend payers in the German market (3.83%).

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 (28.5%), 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

What is the CEO of CropEnergies's salary, the management and board of directors tenure and is there insider trading?

4.5yrs

Average management tenure


CEO

Joachim Lutz (63yo)

4.5yrs

Tenure

0

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 ...


Management Age and Tenure

4.5yrs

Average Tenure

56yo

Average Age

Experienced Management: CE2's management team is considered experienced (4.5 years average tenure).


Board Age and Tenure

10.2yrs

Average Tenure

64yo

Average Age

Experienced Board: CE2's board of directors are seasoned and experienced ( 10.2 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Joachim Lutz (63yo)

    CEO & Member of Executive Board

    • Tenure: 4.5yrs
  • Stephan Meeder (49yo)

    CFO & Member of Executive Board

    • Tenure: 4.5yrs
  • Michael Friedmann (64yo)

    Member of Executive Board

    • Tenure: 4.5yrs
  • Fritz von Graevenitz (42yo)

    Chief Sales Officer & Member of Executive Board

    • Tenure: 0yrs

Board Members

  • Hans-Jörg Gebhard (64yo)

    Member of Supervisory Board

    • Tenure: 13.2yrs
  • Markwart Kunz (71yo)

    Chairman of Supervisory Board

    • Tenure: 7.3yrs
  • Thomas Kölbl (57yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 4.5yrs
  • Norbert Schindler

    Member of Supervisory Board

    • Tenure: 13.2yrs
  • Franz-Josef Möllenberg (66yo)

    Member of Supervisory Board

    • Tenure: 13.2yrs
  • Wolfgang Heer (63yo)

    Member of Supervisory Board

    • Tenure: 4.4yrs

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: €615.040m
  • Shares outstanding: 87.24m
  • 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
CPGS.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDSep 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 pro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 20:57
End of Day Share Price2019/10/18 00:00
Earnings2019/08/31
Annual Earnings2019/02/28


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.