XTRA:CAP

Stock Analysis Report

Executive Summary

Encavis AG is a principal investment firm specializing in operation of solar and onshore-wind energy and parks.

Snowflake

Risks

  • Encavis is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

XTRA:CAP

1.9%

DE Renewable Energy

-0.7%

DE Market


1 Year Return

-7.0%

XTRA:CAP

8.6%

DE Renewable Energy

-10.8%

DE Market


Share holder returns

CAPIndustryMarket
7 Day0.7%1.9%-0.7%
30 Day-1.8%-1.6%-3.9%
90 Day-3.0%5.4%-4.3%
1 Year-3.8%-7.0%12.5%8.6%-8.0%-10.8%
3 Year-24.4%-31.3%55.6%45.2%9.8%0.3%
5 Year86.5%61.3%45.7%30.2%24.0%6.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Encavis's share price is below the future cash flow value, and at a moderate discount (> 20%).

Encavis's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Encavis is overvalued based on earnings compared to the Europe Renewable Energy industry average.

Encavis is overvalued based on earnings compared to the Germany market.


Price Based on Expected Growth

Encavis is poor value based on expected growth next year.


Price Based on Value of Assets

Encavis is good value based on assets compared to the Europe Renewable Energy industry average.

Future Growth

How is Encavis expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

14.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Encavis's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).

Encavis's earnings are expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).

Encavis's revenue growth is positive but not above the Germany market average.

Encavis's earnings growth is expected to exceed the Germany market average.

Encavis's earnings growth is expected to exceed the low risk savings rate of 0.5%.


Earnings per Share Growth Estimates


Future Return on Equity

Encavis is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).

Past Performance

How has Encavis performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Encavis's year on year earnings growth rate has been positive over the past 5 years.

Encavis's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Encavis's 1-year earnings growth is negative, it can't be compared to the Europe Renewable Energy industry average.


Return on Equity

Encavis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Encavis used its assets less efficiently than the Europe Renewable Energy industry average last year based on Return on Assets.


Return on Capital Employed

Encavis's use of capital has not improved over the past 3 years (Return on Capital Employed).

Financial Health

How is Encavis's financial position?


Financial Position Analysis

Encavis is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Encavis's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Encavis's level of debt (222.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (194.7% vs 222.4% today).

Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.

Dividend

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

4.60%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Encavis's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.51%).

Encavis's dividend is below the markets top 25% of dividend payers in Germany (3.82%).

Whilst dividend payments have been stable, Encavis has been paying a dividend for less than 10 years.

Dividend payments have increased, but Encavis only paid a dividend in the past 7 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.6x coverage).

Management

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

2.0yrs

Average board tenure


CEO

Dierk Paskert (57yo)

1.1yrs

Tenure

0

Dr. Dierk Paskert has been Chairman of Management Board and Chief Executive Officer of Capital Stage AG since September 1, 2017. Dr. Paskert has gained long-standing experience in the energy sector. In rec ...


Board Age and Tenure

2.0yrs

Average Tenure

62yo

Average Age

The average tenure for the Encavis board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Tim Kallas (37yo)

    Investment Director

    • Tenure: 0.0yrs
  • Christoph Husmann (53yo)

    CFO & Member of Management Board

    • Tenure: 4.0yrs
    • Compensation: €822.98k
  • Dierk Paskert (57yo)

    Chairman of Management Board & CEO

    • Tenure: 1.1yrs
  • Dominik Seibert

    Investment Manager

    • Tenure: 0.0yrs
  • Alexander Kolb

    investment Manager

    • Tenure: 0.0yrs
  • Till Gießmann

    Head of Investor & Public Relations

    • Tenure: 0.0yrs
  • Cathrin von Ahsen

    Head of Human Resources

    • Tenure: 0.0yrs

Board Members

  • Manfred Krüper (77yo)

    Chairman of Supervisory Board

    • Tenure: 0.0yrs
    • Compensation: €75.00k
  • Alexander Stuhlmann (70yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 0.0yrs
    • Compensation: €62.50k
  • Fritz Vahrenholt (69yo)

    Member of Supervisory Board

    • Tenure: 6.3yrs
    • Compensation: €42.50k
  • Henning Kreke (53yo)

    Member of Supervisory Board

    • Tenure: 0.0yrs
  • Cornelius Liedtke

    Member of Supervisory Board

    • Tenure: 0.0yrs
    • Compensation: €25.00k
  • Albert H. Büll

    Member of Supervisory Board

    • Tenure: 0.0yrs
    • Compensation: €35.00k
  • Christine Scheel (62yo)

    Member of Supervisory Board

    • Tenure: 2.0yrs
    • Compensation: €6.25k
  • Klaus-Dieter Maubach (56yo)

    Member of the Supervisory Board

    • Tenure: 1.4yrs
    • Compensation: €885.74k
  • Peter Heidecker (60yo)

    Member of Supervisory Board

    • Tenure: 2.0yrs
    • Compensation: €6.25k

Company Information

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


Key Information

  • Name: Encavis AG
  • Ticker: CAP
  • Exchange: XTRA
  • Founded: 1996
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: €755.914m
  • Shares outstanding: 129.44m
  • Website: https://www.encavis.com

Number of Employees


Location

  • Encavis AG
  • Grosse Elbstrasse 59
  • Hamburg
  • Hamburg
  • 22767
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CAPDB (Deutsche Boerse AG)YesBearer SharesDEEURJul 1998
CAPXTRA (XETRA Trading Platform)YesBearer SharesDEEURJul 1998
0NBTLSE (London Stock Exchange)YesBearer SharesGBEURJul 1998
CAPDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJul 1998
CAPWBAG (Wiener Boerse AG)YesBearer SharesATEURJul 1998
CASSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJul 1998
CAPNDB (Deutsche Boerse AG)EUR0 NEW SHARESDEEURJan 2018

Biography

Encavis AG is a principal investment firm specializing in operation of solar and onshore-wind energy and parks. It does not focus on investing in Greenfield projects from scratch or take significant develo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2018/10/15 18:21
End of Day Share Price2018/10/15 00:00
Earnings2018/06/30
Annual Earnings2017/12/31


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.