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ETP

Eneraqua Technologies AIM:ETP Stock Report

Last Price

UK£2.80

Market Cap

UK£93.0m

7D

7.7%

1Y

n/a

Updated

12 Aug, 2022

Data

Company Financials +
ETP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth6/6
Past Performance3/6
Financial Health6/6
Dividends0/6

ETP Stock Overview

Eneraqua Technologies plc provides turnkey solutions for water efficiency and decarbonization through district heating and ground source heat pump systems for commercial clients, and social housing and residential sectors.

Eneraqua Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Eneraqua Technologies
Historical stock prices
Current Share PriceUK£2.80
52 Week HighUK£3.50
52 Week LowUK£2.30
Beta0
1 Month Change5.66%
3 Month Change2.56%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-3.45%

Recent News & Updates

Shareholder Returns

ETPGB BuildingGB Market
7D7.7%0.8%0.7%
1Yn/a-30.2%-7.8%

Return vs Industry: Insufficient data to determine how ETP performed against the UK Building industry.

Return vs Market: Insufficient data to determine how ETP performed against the UK Market.

Price Volatility

Is ETP's price volatile compared to industry and market?
ETP volatility
ETP Average Weekly Movement5.5%
Building Industry Average Movement4.7%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: ETP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ETP's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012113Mitesh Dhanakhttps://www.eneraquatechnologies.com

Eneraqua Technologies plc provides turnkey solutions for water efficiency and decarbonization through district heating and ground source heat pump systems for commercial clients, and social housing and residential sectors. The company also offers air source heat pump, hybrid, and gas multi-occupancy heating systems for heating solutions. It operates in the United Kingdom, rest of Europe, and India.

Eneraqua Technologies Fundamentals Summary

How do Eneraqua Technologies's earnings and revenue compare to its market cap?
ETP fundamental statistics
Market CapUK£93.02m
Earnings (TTM)UK£4.06m
Revenue (TTM)UK£36.18m

22.9x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ETP income statement (TTM)
RevenueUK£36.18m
Cost of RevenueUK£21.57m
Gross ProfitUK£14.60m
Other ExpensesUK£10.55m
EarningsUK£4.06m

Last Reported Earnings

Jan 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin40.37%
Net Profit Margin11.22%
Debt/Equity Ratio0%

How did ETP perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

5%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ETP 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/Revenue2.5x
Enterprise Value/EBITDA13.9x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

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

ETP PE Ratio vs Peers
The above table shows the PE ratio for ETP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9x
EPWN Epwin Group
9x3.1%UK£112.3m
SFE Safestyle UK
11.1x24.4%UK£53.1m
ALU Alumasc Group
6.9xn/aUK£49.8m
ECEL Eurocell
9x7.3%UK£190.5m
ETP Eneraqua Technologies
22.9x32.0%UK£93.0m

Price-To-Earnings vs Peers: ETP is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (9x).


Price to Earnings Ratio vs Industry

How does ETP's PE Ratio compare vs other companies in the European Building Industry?

Price-To-Earnings vs Industry: ETP is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the UK Building industry average (10.9x)


Price to Earnings Ratio vs Fair Ratio

What is ETP'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.

ETP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ratio24.6x

Price-To-Earnings vs Fair Ratio: ETP is good value based on its Price-To-Earnings Ratio (22.9x) compared to the estimated Fair Price-To-Earnings Ratio (24.6x).


Share Price vs Fair Value

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

Below Fair Value: ETP (£2.8) is trading below our estimate of fair value (£3.96)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


32.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ETP's forecast earnings growth (32% per year) is above the savings rate (0.9%).

Earnings vs Market: ETP's earnings (32% per year) are forecast to grow faster than the UK market (9.4% per year).

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

Revenue vs Market: ETP's revenue (31.2% per year) is forecast to grow faster than the UK market (4.2% per year).

High Growth Revenue: ETP's revenue (31.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ETP's Return on Equity is forecast to be high in 3 years time (27.8%)


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Past Performance

How has Eneraqua Technologies performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


345.6%

Last years earnings growth

Earnings and Revenue History

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

Growing Profit Margin: ETP's current net profit margins (11.2%) are higher than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ETP's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare ETP's past year earnings growth to its 5-year average.

Earnings vs Industry: ETP earnings growth over the past year (345.6%) exceeded the Building industry 96.5%.


Return on Equity

High ROE: ETP's Return on Equity (24.7%) is considered high.


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Financial Health

How is Eneraqua Technologies's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ETP's short term assets (£17.6M) exceed its short term liabilities (£11.5M).

Long Term Liabilities: ETP's short term assets (£17.6M) exceed its long term liabilities (£251.0K).


Debt to Equity History and Analysis

Debt Level: ETP is debt free.

Reducing Debt: ETP had no debt 5 years ago.

Debt Coverage: ETP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ETP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.36%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ETP's dividend (0.36%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: ETP's dividend (0.36%) is low compared to the top 25% of dividend payers in the UK market (5.13%).


Stability and Growth of Payments

Stable Dividend: ETP is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: ETP is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: ETP is not paying a notable dividend for the UK market.


Cash Payout to Shareholders

Cash Flow Coverage: ETP is not paying a notable dividend for the UK market.


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Management

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

0.8yrs

Average board tenure


CEO

Mitesh Dhanak (56 yo)

no data

Tenure

Mr. Mitesh Ramji Dhanak serves as Chief Executive Officer and Executive Director of Eneraqua Technologies plc. He was appointed to the Cenergist’s Board in August 2012 and transferred to Eneraqua Technolog...


Board Members

Experienced Board: ETP's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: ETP only recently listed within the past 12 months.


Top Shareholders

Company Information

Eneraqua Technologies plc's employee growth, exchange listings and data sources


Key Information

  • Name: Eneraqua Technologies plc
  • Ticker: ETP
  • Exchange: AIM
  • Founded: 2012
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: UK£93.022m
  • Shares outstanding: 33.22m
  • Website: https://www.eneraquatechnologies.com

Number of Employees


Location

  • Eneraqua Technologies plc
  • 2 Windmill Street
  • Fitzrovia
  • London
  • Greater London
  • W1T 2HX
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/01/31
Annual Earnings2022/01/31


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.