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Cortus Energy

DB:OCE
Snowflake Description

Limited growth with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OCE
DB
SEK612M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Cortus Energy AB (publ) supplies renewable energy gas generated from the gasification of biomass in Sweden. The last earnings update was 14 days ago. More info.


Add to Portfolio Compare Print
  • Cortus Energy has significant price volatility in the past 3 months.
OCE Share Price and Events
7 Day Returns
32.5%
DB:OCE
2.8%
DE Oil and Gas
-0.6%
DE Market
1 Year Returns
-
DB:OCE
15.6%
DE Oil and Gas
-10.8%
DE Market
OCE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cortus Energy (OCE) 32.5% 89.3% 341.7% - - -
DE Oil and Gas 2.8% 6.8% 11.9% 15.6% 17.5% 67.6%
DE Market -0.6% -3.3% 2.3% -10.8% 8% 8%
1 Year Return vs Industry and Market
  • No trading data on OCE.
  • No trading data on OCE.
Price Volatility
OCE
Industry
5yr Volatility vs Market

OCE Value

 Is Cortus Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Cortus Energy. This is due to cash flow or dividend data being unavailable. The share price is €0.053.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cortus Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cortus Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OCE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK-0.20
OM:CE Share Price ** OM (2019-05-23) in SEK SEK0.61
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 9.26x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cortus Energy.

DB:OCE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:CE Share Price ÷ EPS (both in SEK)

= 0.61 ÷ -0.20

-3.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cortus Energy is loss making, we can't compare its value to the DE Oil and Gas industry average.
  • Cortus Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Cortus Energy's expected growth come at a high price?
Raw Data
DB:OCE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 58 Publicly-Listed Oil and Gas Companies 0.99x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Cortus Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cortus Energy's assets?
Raw Data
DB:OCE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK0.05
OM:CE Share Price * OM (2019-05-23) in SEK SEK0.61
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.08x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:OCE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:CE Share Price ÷ Book Value per Share (both in SEK)

= 0.61 ÷ 0.05

12.85x

* Primary Listing of Cortus Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cortus Energy is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Cortus Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Cortus Energy has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OCE Future Performance

 How is Cortus Energy expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
130.3%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Cortus Energy expected to grow at an attractive rate?
  • Unable to compare Cortus Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cortus Energy's earnings growth to the Germany market average as no estimate data is available.
  • Cortus Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OCE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OCE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 130.3%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:OCE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OCE Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 65 1
2019-12-31 11 1
DB:OCE Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 5 -31 -128
2018-12-31 6 2 -111
2018-09-30 6 -17 -30
2018-06-30 5 -32 -29
2018-03-31 9 -19 -24
2017-12-31 8 -23 -22
2017-09-30 7 -6 -21
2017-06-30 7 7 -18
2017-03-31 1 4 -19
2016-12-31 1 7 -19
2016-09-30 1 -11 -17
2016-06-30 0 -18 -19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cortus Energy is high growth as no earnings estimate data is available.
  • Cortus Energy's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:OCE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Cortus Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OCE Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
DB:OCE Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 -0.20
2018-12-31 -0.24
2018-09-30 -0.08
2018-06-30 -0.10
2018-03-31 -0.10
2017-12-31 -0.09
2017-09-30 -0.10
2017-06-30 -0.10
2017-03-31 -0.12
2016-12-31 -0.14
2016-09-30 -0.12
2016-06-30 -0.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Cortus Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cortus Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cortus Energy has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OCE Past Performance

  How has Cortus Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cortus Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cortus Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Cortus Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cortus Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Cortus Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cortus Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OCE Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5.26 -128.24 32.26
2018-12-31 6.33 -110.95 30.00
2018-09-30 6.40 -29.59 27.58
2018-06-30 5.44 -28.96 26.29
2018-03-31 9.44 -23.54 24.52
2017-12-31 8.01 -21.92 22.96
2017-09-30 7.00 -20.57 31.65
2017-06-30 6.86 -18.33 29.18
2017-03-31 1.24 -19.28 21.24
2016-12-31 1.24 -19.23 21.63
2016-09-30 0.65 -16.97 30.82
2016-06-30 0.00 -18.95 30.37
2016-03-31 -26.56 33.46
2015-12-31 -32.72 30.49
2015-09-30 -0.72 -40.56 20.94
2015-06-30 0.47 -39.35 21.05
2015-03-31 0.01 -27.05 19.20
2014-12-31 0.29 -19.84 19.41
2014-09-30 2.17 -13.67 9.88
2014-06-30 1.63 -12.59 11.59
2014-03-31 3.17 -15.42 15.24
2013-12-31 3.31 -14.47 16.21
2013-09-30 2.72 -12.42 14.75
2013-06-30 3.05 -10.53 12.82
2013-03-31 4.19 -13.65 11.80
2012-12-31 11.67 -11.29 12.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Cortus Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Cortus Energy has efficiently used its assets last year compared to the DE Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Cortus Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Cortus Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cortus Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OCE Health

 How is Cortus Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cortus Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cortus Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cortus Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cortus Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cortus Energy Company Filings, last reported 1 month ago.

DB:OCE Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 47.63 27.00 1.51
2018-12-31 71.95 15.00 6.68
2018-09-30 105.57 15.00 22.14
2018-06-30 111.71 15.00 39.23
2018-03-31 37.31 15.00 17.68
2017-12-31 44.35 18.00 23.06
2017-09-30 47.65 0.00 18.64
2017-06-30 53.17 0.00 31.98
2017-03-31 41.41 0.00 28.87
2016-12-31 46.83 0.00 34.65
2016-09-30 34.40 0.00 1.88
2016-06-30 37.67 0.00 4.68
2016-03-31 32.86 0.00 0.29
2015-12-31 38.23 0.00 0.79
2015-09-30 41.77 0.00 5.15
2015-06-30 31.33 0.15 0.64
2015-03-31 43.73 0.00 8.94
2014-12-31 55.26 0.31 20.29
2014-09-30 62.60 0.31 32.10
2014-06-30 66.64 0.31 39.58
2014-03-31 70.92 0.31 44.49
2013-12-31 75.16 0.62 48.35
2013-09-30 50.98 0.62 24.76
2013-06-30 53.94 0.62 29.63
2013-03-31 57.39 0.62 5.28
2012-12-31 17.17 1.93 0.75
  • Cortus Energy's level of debt (56.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.4% vs 56.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Cortus Energy has less than a year of cash runway based on current free cash flow.
  • Cortus Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 91.1% each year.
X
Financial health checks
We assess Cortus Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cortus Energy has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OCE Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Cortus Energy dividends.
If you bought €2,000 of Cortus Energy shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Cortus Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cortus Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:OCE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:OCE Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Cortus Energy has not reported any payouts.
  • Unable to verify if Cortus Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cortus Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cortus Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cortus Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cortus Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cortus Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OCE Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Håkan Sigfridsson
AGE 55
TENURE AS CEO 0.3 years
CEO Bio

Håkan Sigfridsson serves as Managing Director of Cortus Energy AB (publ) since January 2019.

CEO Compensation
  • Insufficient data for Håkan to compare compensation growth.
  • Insufficient data for Håkan to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Cortus Energy management team in years:

4.6
Average Tenure
55
Average Age
  • The tenure for the Cortus Energy management team is about average.
Management Team

Rolf Ljunggren

TITLE
Founder
COMPENSATION
SEK2M
AGE
55
TENURE
13.3 yrs

Håkan Sigfridsson

TITLE
Managing Director
AGE
55
TENURE
0.3 yrs

Niklas Norén

TITLE
Chief Financial Officer
AGE
46
TENURE
4.6 yrs

Dennis Gedeborg

TITLE
Chief Technology Officer

Par Sjolin

TITLE
Chief Executive Officer of Cortus Engineering Ab
Board of Directors Tenure

Average tenure and age of the Cortus Energy board of directors in years:

6.3
Average Tenure
55
Average Age
  • The tenure for the Cortus Energy board of directors is about average.
Board of Directors

Per-Olov Norberg

TITLE
Chairman of the Board
COMPENSATION
SEK240K
AGE
75
TENURE
6.3 yrs

Rolf Ljunggren

TITLE
Founder
COMPENSATION
SEK2M
AGE
55
TENURE
6.3 yrs

Par Sjolin

TITLE
Chief Executive Officer of Cortus Engineering Ab

Maria Wetterstrand

TITLE
Director
COMPENSATION
SEK120K
AGE
45
TENURE
6.3 yrs

Richard Bagge

TITLE
Director
COMPENSATION
SEK120K
AGE
67
TENURE
6.3 yrs

Peter Forssell

TITLE
Member of The Board of Directors
COMPENSATION
SEK122K
AGE
55
TENURE
5.3 yrs

Anna Ljunggren

TITLE
Deputy Member of The Board
Who owns this company?
Recent Insider Trading
  • Cortus Energy insiders have sold more shares than they have bought in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. May 19 Sell Richard Bagge Individual 14. May 19 14. May 19 -400,000 €0.05 €-19,699
14. May 19 Buy Richard Bagge Individual 14. May 19 14. May 19 400,000 €0.05 €19,699
11. May 19 Sell Rolf Ljunggren Individual 10. May 19 10. May 19 -500,000 €0.05 €-23,267
22. Dec 18 Sell Richard Bagge Individual 20. Dec 18 21. Dec 18 -571,960 €0.02 €-10,790
08. Sep 18 Sell Richard Bagge Individual 06. Sep 18 06. Sep 18 -169,420 €0.03 €-4,384
30. Aug 18 Sell Richard Bagge Individual 28. Aug 18 28. Aug 18 -1,291,540 €0.03 €-36,702
X
Management checks
We assess Cortus Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cortus Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OCE News

Simply Wall St News

OCE Company Info

Description

Cortus Energy AB (publ) supplies renewable energy gas generated from the gasification of biomass in Sweden. It offers energy gas based on its WoodRoll patented gasification technology for the process, power, industrial, and transportation applications. The company is based in Kista, Sweden.

Details
Name: Cortus Energy AB (publ)
OCE
Exchange: DB
Founded:
SEK56,958,332
1,003,536,669
Website: http://www.cortusenergy.se
Address: Cortus Energy AB (publ)
Isafjordsgatan 30C,
7th Floor,
Kista,
Stockholm County, 164 40,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM CE Share Capital OMX Nordic Exchange Stockholm SE SEK 07. Jan 2013
DB OCE Share Capital Deutsche Boerse AG DE EUR 07. Jan 2013
Number of employees
Current staff
Staff numbers
0
Cortus Energy employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 22:54
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/02/06
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.