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ABO Wind HMSE:AB9 Stock Report

Last Price


Market Cap







24 Jun, 2022


Company Financials +
AB9 fundamental analysis
Snowflake Score
Future Growth4/6
Past Performance2/6
Financial Health4/6

AB9 Stock Overview

ABO Wind AG develops renewable energy projects in Germany, Finland, France, Spain, Argentina, Greece, Ireland, Poland, Tunisia, Hungary, the United Kingdom, the Netherlands, Colombia, Canada, South Africa, and Tanzania.

ABO Wind Competitors













Price History & Performance

Summary of all time highs, changes and price drops for ABO Wind
Historical stock prices
Current Share Price€54.00
52 Week High€65.60
52 Week Low€43.10
1 Month Change0%
3 Month Change-8.16%
1 Year Change14.89%
3 Year Change262.42%
5 Year Change365.92%
Change since IPO700.00%

Recent News & Updates

Shareholder Returns

AB9DE Renewable EnergyDE Market

Return vs Industry: AB9 exceeded the German Renewable Energy industry which returned 3.6% over the past year.

Return vs Market: AB9 exceeded the German Market which returned -23% over the past year.

Price Volatility

Is AB9's price volatile compared to industry and market?
AB9 volatility
AB9 Average Weekly Movementn/a
Renewable Energy Industry Average Movement5.6%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: Insufficient data to determine AB9's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine AB9's volatility change over the past year.

About the Company

19961,000Andreas Höllinger

ABO Wind AG develops renewable energy projects in Germany, Finland, France, Spain, Argentina, Greece, Ireland, Poland, Tunisia, Hungary, the United Kingdom, the Netherlands, Colombia, Canada, South Africa, and Tanzania. It develops wind farm projects, as well as undertakes engineering, procurement, and construction (EPC) works for its projects and third parties. The company also provides power plant management services, such as commercial management, technical management and assessment, and maintenance and service, as well as replaces and repairs components.

ABO Wind Fundamentals Summary

How do ABO Wind's earnings and revenue compare to its market cap?
AB9 fundamental statistics
Market Cap€494.24m
Earnings (TTM)€13.80m
Revenue (TTM)€127.11m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AB9 income statement (TTM)
Cost of Revenue€17.93m
Gross Profit€109.18m
Other Expenses€95.37m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date


Earnings per share (EPS)1.50
Gross Margin85.89%
Net Profit Margin10.86%
Debt/Equity Ratio66.5%

How did AB9 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is AB9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AB9?

Other financial metrics that can be useful for relative valuation.

AB9 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.4x
Enterprise Value/EBITDA18.3x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does AB9's PE Ratio compare to its peers?

AB9 PE Ratio vs Peers
The above table shows the PE ratio for AB9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average35.9x

Price-To-Earnings vs Peers: AB9 is good value based on its Price-To-Earnings Ratio (35.8x) compared to the peer average (35.9x).

Price to Earnings Ratio vs Industry

How does AB9's PE Ratio compare vs other companies in the Renewable Energy Industry?

Price-To-Earnings vs Industry: AB9 is expensive based on its Price-To-Earnings Ratio (35.8x) compared to the European Renewable Energy industry average (26.9x)

Price to Earnings Ratio vs Fair Ratio

What is AB9's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AB9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AB9's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of AB9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AB9 (€54) is trading above our estimate of fair value (€51.29)

Significantly Below Fair Value: AB9 is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: AB9 is poor value based on its PEG Ratio (1.2x)

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Future Growth

How is ABO Wind forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score


Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AB9's forecast earnings growth (29.1% per year) is above the savings rate (-0.05%).

Earnings vs Market: AB9's earnings (29.1% per year) are forecast to grow faster than the German market (8.3% per year).

High Growth Earnings: AB9's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AB9's revenue (17.9% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: AB9's revenue (17.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AB9's Return on Equity is forecast to be low in 3 years time (15.1%).

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Past Performance

How has ABO Wind performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AB9 has a high level of non-cash earnings.

Growing Profit Margin: AB9's current net profit margins (10.9%) are higher than last year (8.8%).

Past Earnings Growth Analysis

Earnings Trend: AB9's earnings have declined by 8.1% per year over the past 5 years.

Accelerating Growth: AB9's earnings growth over the past year (5.2%) exceeds its 5-year average (-8.1% per year).

Earnings vs Industry: AB9 earnings growth over the past year (5.2%) underperformed the Renewable Energy industry 57.5%.

Return on Equity

High ROE: AB9's Return on Equity (9.2%) is considered low.

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Financial Health

How is ABO Wind's financial position?

Financial Health Score


Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AB9's short term assets (€279.0M) exceed its short term liabilities (€48.8M).

Long Term Liabilities: AB9's short term assets (€279.0M) exceed its long term liabilities (€98.4M).

Debt to Equity History and Analysis

Debt Level: AB9's net debt to equity ratio (46.3%) is considered high.

Reducing Debt: AB9's debt to equity ratio has reduced from 71.7% to 66.5% over the past 5 years.

Debt Coverage: AB9's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: AB9's interest payments on its debt are well covered by EBIT (23x coverage).

Balance Sheet

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What is ABO Wind current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AB9's dividend (0.91%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: AB9's dividend (0.91%) is low compared to the top 25% of dividend payers in the German market (4.57%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, AB9 has been paying a dividend for less than 10 years.

Growing Dividend: AB9's dividend payments have increased, but the company has only paid a dividend for 2 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.7%), AB9's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: AB9 is paying a dividend but the company has no free cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Andreas Höllinger (55 yo)





Mr. Andreas Hollinger serves as Head of Finance & Sales at ABO Wind Aktiengeselischaft and serves as its Chairman of Management Board since August, 2018 and was appointed to its Managing Board in 2010. Mr....

CEO Compensation Analysis

Compensation vs Market: Andreas's total compensation ($USD352.32K) is below average for companies of similar size in the German market ($USD975.81K).

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

Board Members

Experienced Board: AB9's board of directors are considered experienced (5 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

ABO Wind AG's employee growth, exchange listings and data sources

Key Information

  • Name: ABO Wind AG
  • Ticker: AB9
  • Exchange: HMSE
  • Founded: 1996
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Implied Market Cap: €494.240m
  • Shares outstanding: 9.22m
  • Website:

Number of Employees


  • ABO Wind AG
  • Unter den Eichen 7
  • Wiesbaden
  • Hessen
  • 65195
  • Germany


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/05/19 00:00
Annual Earnings2021/12/31

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.