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ALT

Alternus Energy Group OB:ALT Stock Report

Last Price

kr25.00

Market Cap

kr658.6m

7D

0%

1Y

0%

Updated

15 May, 2022

Data

Company Financials
ALT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends0/6

ALT Stock Overview

Alternus Energy Group Plc is an international vertically integrated independent power producer (IPP).

Alternus Energy Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Alternus Energy Group
Historical stock prices
Current Share Pricekr25.00
52 Week Highkr34.80
52 Week Lowkr18.50
Beta0
1 Month Change-5.66%
3 Month Change-12.28%
1 Year Change0%
3 Year Changen/a
5 Year Changen/a
Change since IPO-24.24%

Recent News & Updates

Shareholder Returns

ALTNO Renewable EnergyNO Market
7D0%-2.4%-1.2%
1Y0%-48.1%12.6%

Return vs Industry: ALT exceeded the Norwegian Renewable Energy industry which returned -48.1% over the past year.

Return vs Market: ALT underperformed the Norwegian Market which returned 12.6% over the past year.

Price Volatility

Is ALT's price volatile compared to industry and market?
ALT volatility
ALT Average Weekly Movement13.0%
Renewable Energy Industry Average Movement9.5%
Market Average Movement7.4%
10% most volatile stocks in NO Market12.4%
10% least volatile stocks in NO Market4.2%

Stable Share Price: ALT is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: ALT's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a28Vincent Brownehttps://alternusenergy.com

Alternus Energy Group Plc is an international vertically integrated independent power producer (IPP). It develops, installs, owns, and operates midsized utility scale solar parks. The company is headquartered in Dublin, Ireland with offices in Rotterdam and America.

Alternus Energy Group Fundamentals Summary

How do Alternus Energy Group's earnings and revenue compare to its market cap?
ALT fundamental statistics
Market Cap€64.71m
Earnings (TTM)€9.53m
Revenue (TTM)€20.62m

6.8x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALT income statement (TTM)
Revenue€20.62m
Cost of Revenue€5.03m
Gross Profit€15.59m
Other Expenses€6.06m
Earnings€9.53m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 17, 2022

Earnings per share (EPS)0.36
Gross Margin75.62%
Net Profit Margin46.23%
Debt/Equity Ratio360.4%

How did ALT perform over the long term?

See historical performance and comparison

Valuation

Is Alternus Energy Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


6.79x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ALT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ALT's fair value for valuation analysis.


Price To Earnings Ratio

PE vs Industry: ALT is good value based on its PE Ratio (6.8x) compared to the European Renewable Energy industry average (27.9x).

PE vs Market: ALT is good value based on its PE Ratio (6.8x) compared to the Norwegian market (13.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALT's PB Ratio (1.6x) is in line with the NO Renewable Energy industry average.


Future Growth

How is Alternus Energy Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.9%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Alternus Energy Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Alternus Energy Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


66.4%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: ALT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ALT's earnings have grown significantly by 66.4% per year over the past 5 years.

Accelerating Growth: ALT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ALT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (36.9%).


Return on Equity

High ROE: Whilst ALT's Return on Equity (22.93%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Alternus Energy Group's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ALT's short term assets (€40.8M) exceed its short term liabilities (€18.4M).

Long Term Liabilities: ALT's short term assets (€40.8M) do not cover its long term liabilities (€152.8M).


Debt to Equity History and Analysis

Debt Level: ALT's net debt to equity ratio (321.8%) is considered high.

Reducing Debt: Insufficient data to determine if ALT's debt to equity ratio has reduced over the past 5 years.

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

Interest Coverage: ALT's interest payments on its debt are not well covered by EBIT (0.3x coverage).


Balance Sheet


Dividend

What is Alternus Energy Group 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

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ALT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ALT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ALT has not reported any payouts.


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Vincent Browne (53 yo)

no data

Tenure

Mr. Vincent Browne serves as Chief Executive Officer and Director of Alternus Energy Group plc. Mr. Browne serves as Chairman at Alternus Energy Group plc. Mr. Browne continues expansion business across Eu...


Leadership Team

Experienced Management: ALT's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: ALT'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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11%.


Top Shareholders

Company Information

Alternus Energy Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: Alternus Energy Group plc
  • Ticker: ALT
  • Exchange: OB
  • Founded: NaN
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: kr658.639m
  • Shares outstanding: 26.35m
  • Website: https://alternusenergy.com

Number of Employees


Location

  • Alternus Energy Group plc
  • Blanchardstown Corporate Park 2
  • Suite 9 & 10
  • Dublin
  • Co. Dublin
  • D15 R504
  • Ireland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/13 00:00
Earnings2021/12/31
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.