Announcement • Oct 08
Zelestra Corporacion, S.A. acquired unknown majority stake in East Energy GmbH from CropEnergies AG (HMSE:CE2) and East Energy Verwaltungs GmbH. Zelestra Corporacion, S.A. acquired unknown majority stake in East Energy GmbH from CropEnergies AG (HMSE:CE2) and East Energy Verwaltungs GmbH on October 7, 2024.
Zelestra Corporacion, S.A. completed the acquisition of unknown majority stake in East Energy GmbH from CropEnergies AG (HMSE:CE2) and East Energy Verwaltungs GmbH on October 7, 2024. Announcement • Feb 06
CropEnergies Submits Delisting Application to Frankfurt Stock Exchange CropEnergies AG plans to withdraw from the stock exchange in the course of the public delisting tender offer of Südzucker AG to the shareholders of CropEnergies. Therefore, CropEnergies applied for the revocation of the admission of all CropEnergies shares to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange on 5 February 2024. CropEnergies shareholders can still accept Südzucker's public delisting tender offer at EUR 11.50 cash per share until 16 February 2024, at midnight (CET). The delisting tender offer is not subject to any conditions. The delisting of the CropEnergies shares from the regulated market is expected to become effective after the expiry of the acceptance period of the public delisting tender offer by the end of February 2024. Following the delisting, trading of the CropEnergies share on the regulated market will terminate, which may result in very limited liquidity and price availability of CropEnergies shares. In addition, the Executive Board of CropEnergies will take all reasonable steps and measures to terminate the inclusion of the CropEnergies shares in trading on the open market of a stock exchange or a multilateral trading facility (MTF) or organised trading facility (OTF), insofar as this inclusion was originally arranged by CropEnergies. In their joint reasoned opinion published on 26 January 2024, the Executive Board and Supervisory Board of CropEnergies recommended that all CropEnergies shareholders accept Südzucker's public delisting tender offer and tender their shares. Announcement • Jan 25
CropEnergies AG to Report First Half, 2025 Results on Oct 09, 2024 CropEnergies AG announced that they will report first half, 2025 results on Oct 09, 2024 Reported Earnings • Jan 11
Third quarter 2024 earnings released: EPS: €0.25 (vs €0.51 in 3Q 2023) Third quarter 2024 results: EPS: €0.25 (down from €0.51 in 3Q 2023). Revenue: €312.1m (down 4.9% from 3Q 2023). Net income: €22.1m (down 51% from 3Q 2023). Profit margin: 7.1% (down from 14% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Dec 20
Price target decreased by 14% to €12.25 Down from €14.30, the current price target is an average from 2 analysts. New target price is 6.5% above last closing price of €11.50. Stock is down 11% over the past year. The company is forecast to post earnings per share of €0.50 for next year compared to €2.25 last year. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 64% After last week's 64% share price gain to €11.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.72 per share. New Risk • Dec 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 28% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 28% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.9% net profit margin). Major Estimate Revision • Dec 17
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.63 to €0.50 per share. Revenue forecast steady at €1.21b. Net income forecast to shrink 39% next year vs 15% growth forecast for Oil and Gas industry in Germany . Consensus price target down from €14.30 to €13.75. Share price was steady at €7.11 over the past week. Price Target Changed • Nov 23
Price target decreased by 10% to €14.30 Down from €15.90, the current price target is an average from 2 analysts. New target price is 98% above last closing price of €7.23. Stock is down 52% over the past year. The company is forecast to post earnings per share of €0.85 for next year compared to €2.25 last year. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €1.26b to €1.25b. EPS estimate also fell from €1.10 per share to €0.85 per share. Net income forecast to shrink 3.7% next year vs 18% growth forecast for Oil and Gas industry in Germany . Consensus price target broadly unchanged at €15.70. Share price fell 4.4% to €7.78 over the past week. New Risk • Oct 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.0% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.0% net profit margin). Announcement • Oct 11
CropEnergies AG Provides Earnings Guidance for the Financial Year 2023-24 CropEnergies AG provided earnings guidance for the financial year 2023-24. For the financial year 2023/24, revenues are expected to reach EUR 1.27 to 1.37 (previous year: EUR 1.49) billion and an operating result is expected to be EUR 95 to EUR 145 (previous year: EUR 251) million. Price Target Changed • Sep 18
Price target decreased by 12% to €17.00 Down from €19.25, the current price target is an average from 2 analysts. New target price is 103% above last closing price of €8.38. Stock is down 37% over the past year. The company is forecast to post earnings per share of €1.05 for next year compared to €2.25 last year. Announcement • Jul 06
CropEnergies AG Confirms Earnings Guidance for the 2023/24 Financial Year CropEnergies AG confirmed earnings guidance for the 2023/24 financial year. For the period, the company confirms its outlook and expects revenues of EUR 1.27 billion to 1.37 billion (previous year: EUR 1.49 billion) for the 2023/24 financial year. The operating result is expected to be EUR 95 million to EUR 145 million (previous year: EUR 251) million. Upcoming Dividend • Jul 05
Upcoming dividend of €0.60 per share at 6.3% yield Eligible shareholders must have bought the stock before 12 July 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%). Reported Earnings • May 25
Full year 2023 earnings released: EPS: €2.25 (vs €1.03 in FY 2022) Full year 2023 results: EPS: €2.25 (up from €1.03 in FY 2022). Revenue: €1.52b (up 41% from FY 2022). Net income: €196.6m (up 120% from FY 2022). Profit margin: 13% (up from 8.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 15% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 11
Third quarter 2023 earnings released: EPS: €0.51 (vs €0.40 in 3Q 2022) Third quarter 2023 results: EPS: €0.51 (up from €0.40 in 3Q 2022). Revenue: €341.7m (up 7.5% from 3Q 2022). Net income: €44.7m (up 27% from 3Q 2022). Profit margin: 13% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target increased to €20.55 Up from €15.70, the current price target is an average from 2 analysts. New target price is 36% above last closing price of €15.06. Stock is up 18% over the past year. The company is forecast to post earnings per share of €2.06 for next year compared to €1.02 last year. Announcement • Oct 20
CropEnergies AG to Report First Half, 2024 Results on Oct 11, 2023 CropEnergies AG announced that they will report first half, 2024 results on Oct 11, 2023 Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 23% share price gain to €15.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 149% over the past three years. Major Estimate Revision • Oct 15
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate increased from €1.87 to €2.06. Revenue forecast steady at €1.54b. Net income forecast to grow 13% next year vs 20% growth forecast for Oil and Gas industry in Germany. Consensus price target up from €15.70 to €20.55. Share price rose 14% to €14.20 over the past week. Announcement • Oct 14
CropEnergies AG Provides Earnings Guidance for the Financial Year 2022-2023 CropEnergies AG provided earnings guidance for the financial year 2022-2023. For the year, the company continues to expect an operating profit of EUR 215 to EUR 265 million on revenues of EUR 1.47 to EUR 1.57. Price Target Changed • Oct 11
Price target increased to €16.80 Up from €15.60, the current price target is an average from 3 analysts. New target price is 38% above last closing price of €12.20. Stock is down 2.7% over the past year. The company is forecast to post earnings per share of €1.87 for next year compared to €1.02 last year. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €13.36, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 139% over the past three years. Major Estimate Revision • Sep 07
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from €1.51b to €1.54b. EPS estimate increased from €1.70 to €1.87 per share. Net income forecast to grow 0.5% next year vs 16% growth forecast for Oil and Gas industry in Germany. Consensus price target broadly unchanged at €15.70. Share price was steady at €16.20 over the past week. Announcement • Aug 12
CropEnergies AG Revises Earnings Guidance for the Financial Year 2022-2023 CropEnergies AG revised earnings guidance for the financial year 2022-2023. For the year, the company expects operating profit to be in the range of EUR 215 million to EUR 265 million against previous guidance range of EUR 165 million to EUR 215 million. Revenues to be in the range of EUR 1.47 billion to EUR 1.57 billion against previous guidance range of EUR 1.45 billion to EUR 1.55 billion. The ethanol prices which have been high since the beginning of the financial year as well as the recent drop of prices at the raw material markets are the main reasons for this improved earnings outlook. The outlook is based on the assumption of a continued normalised mobility behaviour. Announcement • Jul 23
CropEnergies AG, Annual General Meeting, Jul 11, 2023 CropEnergies AG, Annual General Meeting, Jul 11, 2023. Major Estimate Revision • Jul 13
Consensus EPS estimates increase by 66% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from €1.57b to €1.59b. EPS estimate increased from €0.94 to €1.56 per share. Net income forecast to shrink 15% next year vs 59% growth forecast for Oil and Gas industry in Germany . Consensus price target broadly unchanged at €15.67. Share price rose 5.7% to €13.32 over the past week. Reported Earnings • Jul 07
First quarter 2023 earnings released: EPS: €0.74 (vs €0.12 in 1Q 2022) First quarter 2023 results: EPS: €0.74 (up from €0.12 in 1Q 2022). Revenue: €398.9m (up 86% from 1Q 2022). Net income: €64.9m (up €54.8m from 1Q 2022). Profit margin: 16% (up from 4.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 21%, compared to a 81% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 32% per year. Upcoming Dividend • Jul 06
Upcoming dividend of €0.45 per share Eligible shareholders must have bought the stock before 13 July 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.4%). Announcement • Jul 06
CropEnergies AG to Report Nine Months, 2023 Results on Jan 11, 2023 CropEnergies AG announced that they will report nine months, 2023 results on Jan 11, 2023 Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 17% share price gain to €12.30, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.84 per share. Announcement • Jun 16
CropEnergies AG Revises Earnings Guidance for the Financial Year 2022/230 CropEnergies AG revised earnings guidance for the financial year 2022/23. The company expects revenues of EUR 1.45 billion to EUR 1.55 billion compared to previously guidance of EUR 1.35 billion to EUR 1.45 billion and an operating profit of EUR 165 million to EUR 215 million compared to previously guidance of EUR 105 million to EUR 155 million. Announcement • Jun 08
CropEnergies AG (XTRA:CE2) announces an Equity Buyback for 4,500 shares, for €0.06 million. CropEnergies AG (XTRA:CE2) announces a share repurchase program. Under the program, the company will repurchase up to 4,500 shares for a total purchase price of €0.06 million. The purchase price for the shares to be repurchased must not exceed the arithmetic mean of the previous three closing prices of this share in Xetra trading by more than 10% or fall below it by more than 10% The purpose of the program is meeting obligations arising from the board remuneration system of the company. The program will expire on June 10, 2022. Price Target Changed • May 25
Price target decreased to €14.70 Down from €16.95, the current price target is an average from 2 analysts. New target price is 47% above last closing price of €9.99. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of €1.01 for next year compared to €0.97 last year. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 19% share price gain to €14.34, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 186% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.20 per share. Announcement • Apr 05
CropEnergies AG Proposes Dividend for the Financial Year 2021/22 CropEnergies AG proposed to the annual general meeting a dividend of EUR 0.45 (previous year: EUR 0.35) per share for the financial year 2021/22 (1 March 2021 - 28 February 2022). The Annual General Meeting is scheduled to take place in virtual form on 12 July 2022. Announcement • Apr 03
CropEnergies Ordinary Shares to Be Deleted from Other OTC CropEnergies AG, Mannheim Ordinary Shares (Germany) will be deleted from Other OTC effective from April 04, 2022, due to Inactive Security. Major Estimate Revision • Jan 13
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €1.26b to €1.18b. EPS estimate rose from €0.88 to €1.01. Net income forecast to grow 14% next year vs 36% growth forecast for Oil and Gas industry in Germany. Consensus price target broadly unchanged at €17.25. Share price was steady at €13.08 over the past week. Price Target Changed • Jan 12
Price target increased to €17.25 Up from €16.10, the current price target is an average from 2 analysts. New target price is 35% above last closing price of €12.74. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of €0.88 for next year compared to €0.97 last year. Announcement • Dec 17
CropEnergies AG Revises Earnings Guidance for the Year Ending 28 February 2022 CropEnergies AG revised earnings guidance for the year ending 28 February 2022. For the financial year the company expects revenues of EUR 1,070 million to EUR 1,110 million (previously expected: EUR 1,020 million to EUR1,070 million, operating profit of EUR 110 million to EUR 140 million (previously expected: EUR 95 million to EUR 125 million and . Reported Earnings • Oct 15
Second quarter 2022 earnings released: EPS €0.17 (vs €0.36 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: €249.2m (up 9.0% from 2Q 2021). Net income: €14.7m (down 53% from 2Q 2021). Profit margin: 5.9% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €10.66, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 157% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.67 per share. Price Target Changed • Oct 11
Price target increased to €16.10 Up from €14.47, the current price target is an average from 2 analysts. New target price is 33% above last closing price of €12.12. Stock is down 12% over the past year. Reported Earnings • Jul 10
First quarter 2022 earnings released: EPS €0.12 (vs €0.091 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: €214.1m (up 25% from 1Q 2021). Net income: €10.1m (up 28% from 1Q 2021). Profit margin: 4.7% (up from 4.6% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 14 July 2021. Payment date: 16 July 2021. Trailing yield: 3.2%. Within top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.8%). Announcement • Jun 17
CropEnergies AG Provides Earnings Guidance for the Full Financial Year 2021/22 CropEnergies AG provided earnings guidance for the full financial year 2021/22. For the year, the company expects a operating profit between EUR 50 and EUR 80 (previous year: EUR 107) million. However, due to the increase in ethanol sales prices, CropEnergies expects slightly higher revenues of EUR 925 to EUR 975 (previously expected: EUR 870 to EUR 920) million. Announcement • Jun 02
CropEnergies AG (XTRA:CE2) announces an Equity Buyback for 3,500 shares, for €0.04 million. CropEnergies AG (XTRA:CE2) announces a share repurchase program. Under the program, the company will repurchase up to 3,500 shares for a total purchase price of €0.04 million. The purchase price for the shares to be repurchased should not be the price of the last independently concluded deal or, if this is higher, that of the currently highest independent offer on the stock exchange on which the respective purchase is made exceed. The purpose of the program is to meet obligations from an employee share program of the company. The program will expire on June 9, 2021. Reported Earnings • May 22
Full year 2021 earnings released: EPS €0.97 (vs €0.85 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: €833.1m (down 7.3% from FY 2020). Net income: €84.9m (up 14% from FY 2020). Profit margin: 10% (up from 8.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • May 20
CropEnergies AG Provides Earnings Guidance for the Year 2022 CropEnergies AG provided earnings guidance for the year 2022. For the year, the company Revenues are therefore
expected to be higher than the previous year at between EUR 870 and EUR 920 (previous year: EUR 833) million. While operating profit is expected to be between EUR 50 and EUR 80 (previous year: EUR 107) million. Announcement • Apr 09
CropEnergies AG Provides Earnings Guidance for the Financial Year Ending February 28, 2022 CropEnergies AG provided earnings guidance for the financial year ending February 28, 2022. The company expects an operating profit of between EUR 50 million and EUR 80 (previous year: EUR 107) million for the current financial year 2021/22 (1 March 2021 - 28 February 2022). Revenues, on the other hand, are expected to be up on the previous year at between EUR 870 and EUR 920 (previous year: EUR 833) million. Announcement • Mar 25
CropEnergies AG Provides Earnings Guidance for the Year Ended 28 February 2021 CropEnergies AG provided earnings guidance for the year ended 28 February 2021. For the year, the company expects revenue of EUR 833 million. The operating result rose to EUR 107 million. Announcement • Jan 13
CropEnergies AG Adjusts the Outlook for Financial Year 2020 to 2021 CropEnergies AG adjusts the outlook for financial year 2020 to 2021 due to the second wave of infection of the Corona pandemic and the associated restrictions. For the period, the company expects revenues of EUR 825 million to EUR 855 million. The operating profit is expected to reach EUR 95 million to EUR 110 million. Announcement • Jan 05
CropEnergies AG to Report Q2, 2022 Results on Oct 13, 2021 CropEnergies AG announced that they will report Q2, 2022 results on Oct 13, 2021 Is New 90 Day High Low • Dec 18
New 90-day low: €11.18 The company is down 30% from its price of €15.98 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.44 per share.