XTRA:ETG

Stock Analysis Report

Executive Summary

EnviTec Biogas AG provides various services to biogas plants in Europe, Asia, and North America.

Snowflake

Fundamentals

Flawless balance sheet second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

ETG

-2.7%

DE Oil and Gas

1.7%

DE Market


1 Year Return

64.6%

ETG

54.7%

DE Oil and Gas

7.2%

DE Market

Return vs Industry: ETG exceeded the German Oil and Gas industry which returned 54.7% over the past year.

Return vs Market: ETG exceeded the German Market which returned 7.2% over the past year.


Shareholder returns

ETGIndustryMarket
7 Day-0.8%-2.7%1.7%
30 Day1.7%3.7%2.4%
90 Day10.0%11.3%2.3%
1 Year79.3%64.6%59.8%54.7%10.6%7.2%
3 Year105.2%57.1%38.0%24.9%18.4%8.1%
5 Year184.7%87.1%161.3%120.9%42.3%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ETG (€12.1) is trading below our estimate of fair value (€24.21)

Significantly Below Fair Value: ETG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ETG is poor value based on its PE Ratio (25.7x) compared to the Oil and Gas industry average (9.7x).

PE vs Market: ETG is poor value based on its PE Ratio (25.7x) compared to the German market (19x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ETG is overvalued based on its PB Ratio (1.2x) compared to the DE Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is EnviTec Biogas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ETG's forecast earnings growth (19.2% per year) is above the savings rate (0.2%).

Earnings vs Market: ETG's earnings (19.2% per year) are forecast to grow faster than the German market (12.7% per year).

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

Revenue vs Market: Insufficient data to determine if ETG's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if ETG's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has EnviTec Biogas performed over the past 5 years?

28.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ETG's earnings have grown significantly by 28% per year over the past 5 years.

Accelerating Growth: ETG's earnings growth over the past year (4.1%) is below its 5-year average (28% per year).

Earnings vs Industry: ETG earnings growth over the past year (4.1%) underperformed the Oil and Gas industry 4.1%.


Return on Equity

High ROE: ETG's Return on Equity (5.3%) is considered low.


Return on Assets

ROA vs Industry: ETG's Return on Assets is below or equal to the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: ETG has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is EnviTec Biogas's financial position?


Financial Position Analysis

Short Term Liabilities: ETG's short term assets (€109.5M) exceeds its short term liabilities (€56.0M)

Long Term Liabilities: ETG's short term assets (109.5M) exceeds its long term liabilities (46.4M)


Debt to Equity History and Analysis

Debt Level: ETG's debt to equity ratio (36.3%) is considered satisfactory

Reducing Debt: ETG's debt to equity ratio has reduced from 56.7% to 36.3% over the past 5 years.

Debt Coverage: ETG's debt is well covered by operating cash flow (58.9%).

Interest Coverage: ETG's interest payments on its debt are well covered by EBIT (9.5x coverage).


Balance Sheet

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

Debt Coverage by Assets: ETG's debt is covered by short term assets (assets are 2.024610x debt).


Next Steps

Dividend

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

8.26%

Current Dividend Yield


Dividend Yield vs Market

company8.3%marketbottom25%1.5%markettop25%3.8%industryaverage5.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ETG's dividend (8.26%) is higher than the bottom 25% of dividend payers in the German market (1.48%).

High Dividend: ETG's dividend (8.26%) is in the top 25% of dividend payers in the German market (3.83%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (212.7%), ETG's dividend payments are not 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 EnviTec Biogas's salary, the management and board of directors tenure and is there insider trading?

12.3yrs

Average management tenure


CEO

Olaf von Lehmden (50yo)

12.3yrs

Tenure

€189,940

Compensation

Mr. Olaf Von Lehmden co-founded EnviTec Biogas AG in 2002 and has been its Chief Executive Officer since July 1, 2007. Mr. Lehmden has been the Chairman of Executive Board of EnviTec Biogas AG since July 1 ...


CEO Compensation Analysis

Compensation vs. Market: Olaf's total compensation ($USD211.61K) is below average for companies of similar size in the German market ($USD544.56K).

Compensation vs Earnings: Olaf's compensation has been consistent with company performance over the past year.


Management Age and Tenure

12.3yrs

Average Tenure

50yo

Average Age

Experienced Management: ETG's management team is seasoned and experienced (12.3 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

  • Olaf von Lehmden (50yo)

    Co-Founder

    • Tenure: 12.3yrs
    • Compensation: €189.94k
  • Kunibert Ruhe

    Co-Founder & Consultant

    • Tenure: 0yrs
  • Andreas Wilpsbaumer (57yo)

    Head of Quality Assurance

    • Tenure: 0yrs
  • Jurgen Tenbrink

    Technical Director

    • Tenure: 9.3yrs
    • Compensation: €174.80k
  • Jörg Fischer (49yo)

    Finance Director

    • Tenure: 12.3yrs
    • Compensation: €186.62k

Board Members

  • Michael Böging

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €22.00k
  • Franz-Josef Holzenkamp (59yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 2.3yrs
  • Tobias Schulz

    Chairman of the Supervisory Board

    • Tenure: 2.3yrs

Company Information

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


Key Information

  • Name: EnviTec Biogas AG
  • Ticker: ETG
  • Exchange: XTRA
  • Founded: 2002
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: €179.685m
  • Shares outstanding: 14.85m
  • Website: https://www.envitec-biogas.de

Number of Employees


Location

  • EnviTec Biogas AG
  • Industriering 10a
  • Lohne
  • North Rhine-Westphalia
  • 49393
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ETGDB (Deutsche Boerse AG)YesBearer SharesDEEURJul 2007
ETGXTRA (XETRA Trading Platform)YesBearer SharesDEEURJul 2007

Biography

EnviTec Biogas AG provides various services to biogas plants in Europe, Asia, and North America. The company offers biogas plant related services, such as planning, turnkey construction, permission, realiz ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:17
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.