Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0 (vs US$0.003 loss in 1Q 2025) First quarter 2026 results: EPS: US$0 (improved from US$0.003 loss in 1Q 2025). Revenue: US$46.4m (up 9.0% from 1Q 2025). Net income: US$5.0k (up US$469.0k from 1Q 2025). Profit margin: 0% (up from net loss in 1Q 2025). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 27 percentage points per year, which is a significant difference in performance. Announcement • Apr 28
Montauk Renewables, Inc. to Report Q1, 2026 Results on May 06, 2026 Montauk Renewables, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Announcement • Apr 11
Montauk Renewables, Inc., Annual General Meeting, May 26, 2026 Montauk Renewables, Inc., Annual General Meeting, May 26, 2026. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: US$0.012 (vs US$0.068 in FY 2024) Full year 2025 results: EPS: US$0.012 (down from US$0.068 in FY 2024). Revenue: US$176.4m (flat on FY 2024). Net income: US$1.75m (down 82% from FY 2024). Profit margin: 1.0% (down from 5.5% in FY 2024). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 18 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
Montauk Renewables, Inc. Provides Earnings and Production Guidance for the Full Year 2026 Montauk Renewables, Inc. provided earnings and production guidance for the full year 2026. For the year, RNG revenues are expected to range between $175 million and $190 million. Renewable Electricity revenues are expected to range between $35 million and $41 million.
For the year, RNG production volumes are expected to range between 5.8 million MMBtu and 6.1 million MMBtu. Renewable Electricity production volumes are expected to range between 195,000 MWh and 207,000 MWh. Announcement • Feb 27
Montauk Renewables, Inc. to Report Fiscal Year 2025 Results on Mar 12, 2026 Montauk Renewables, Inc. announced that they will report fiscal year 2025 results After-Market on Mar 12, 2026 Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$0.036 (vs US$0.12 in 3Q 2024) Third quarter 2025 results: EPS: US$0.036 (down from US$0.12 in 3Q 2024). Revenue: US$45.3m (down 31% from 3Q 2024). Net income: US$5.21m (down 70% from 3Q 2024). Profit margin: 12% (down from 26% in 3Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 16 percentage points per year, which is a significant difference in performance. Announcement • Nov 07
Montauk Renewables, Inc. Updates Earnings and Production Guidance for the Full Year 2025 Montauk Renewables, Inc. updated earnings and production guidance for the full year 2025. For the period, the company's RNG revenues are expected to range between $150 million and $170 million, RNG production volumes are expected to range between 5.8 million MMBtu and 6.0 million MMBtu, Renewable Electricity production volumes are expected to range between 175 MWh and 180,000 MWh and Renewable Electricity revenues are expected to range between $17.0 million and $18.0 million. Announcement • Oct 24
Montauk Renewables, Inc. to Report Q3, 2025 Results on Nov 06, 2025 Montauk Renewables, Inc. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 Reported Earnings • Aug 08
Second quarter 2025 earnings released: US$0.038 loss per share (vs US$0.005 loss in 2Q 2024) Second quarter 2025 results: US$0.038 loss per share (further deteriorated from US$0.005 loss in 2Q 2024). Revenue: US$45.1m (up 4.1% from 2Q 2024). Net loss: US$5.49m (loss widened US$4.78m from 2Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has fallen by 47% per year whereas the company’s share price has fallen by 50% per year. Announcement • Aug 07
Montauk Renewables, Inc. Announces Impairment Charges for the Quarter Ended June 30, 2025 Montauk Renewables, Inc. announced unaudited consolidated impairment charges for the quarter ended June 30, 2025. For the quarter, the company reported Impairment loss of $377,000 compared to $171,000 a year ago. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R37.30, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 13x in the Renewable Energy industry globally. Total loss to shareholders of 84% over the past three years. Announcement • Jul 25
Montauk Renewables, Inc. to Report Q2, 2025 Results on Aug 07, 2025 Montauk Renewables, Inc. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R39.06, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Renewable Energy industry globally. Total loss to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to R35.61, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 13x in the Renewable Energy industry globally. Total loss to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to R34.22, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Renewable Energy industry globally. Total loss to shareholders of 86% over the past three years. Reported Earnings • May 09
First quarter 2025 earnings released: US$0.003 loss per share (vs US$0.013 profit in 1Q 2024) First quarter 2025 results: US$0.003 loss per share (down from US$0.013 profit in 1Q 2024). Revenue: US$42.6m (up 9.8% from 1Q 2024). Net loss: US$464.0k (down 125% from profit in 1Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • Apr 30
Montauk Renewables, Inc. to Report Q1, 2025 Results on May 08, 2025 Montauk Renewables, Inc. announced that they will report Q1, 2025 results After-Market on May 08, 2025 Announcement • Apr 16
Montauk Renewables, Inc. (NasdaqCM:MNTK) announces an Equity Buyback for $5 million worth of its shares. Montauk Renewables, Inc. (NasdaqCM:MNTK) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The program has no date for termination. Announcement • Apr 10
Montauk Renewables, Inc., Annual General Meeting, May 22, 2025 Montauk Renewables, Inc., Annual General Meeting, May 22, 2025. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to R34.00, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 13x in the Renewable Energy industry globally. Total loss to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to R46.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 12x in the Renewable Energy industry globally. Total loss to shareholders of 72% over the past three years. Announcement • Mar 14
Montauk Renewables, Inc. Provides Earnings and Production Guidance for the Full Year 2025 Montauk Renewables, Inc. provided earnings and production guidance for the full year 2025. For the period, the company's RNG revenues are expected to range between $150 and $170 million, RNG production volumes are expected to range between 5.8 and 6.0 million MMBtu, Renewable Electricity production volumes are expected to range between 178 and 186 thousand MWh and Renewable Electricity revenues are expected to range between $17.0 and $18.0 million. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: US$0.068 (vs US$0.10 in FY 2023) Full year 2024 results: EPS: US$0.068 (down from US$0.10 in FY 2023). Revenue: US$175.7m (flat on FY 2023). Net income: US$9.73m (down 35% from FY 2023). Profit margin: 5.5% (down from 8.5% in FY 2023). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Mar 03
Montauk Renewables, Inc. to Report Fiscal Year 2024 Results on Mar 13, 2025 Montauk Renewables, Inc. announced that they will report fiscal year 2024 results on Mar 13, 2025 Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R65.84, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Renewable Energy industry globally. Total loss to shareholders of 56% over the past three years. Announcement • Feb 15
Montauk Renewables, Inc. Announces Board and Committee Changes Montauk Renewables, Inc. announced on February 14, 2025, Mr. Michael Jacobson provided notice to the company that he is resigning from the company's board of directors (the board) effective immediately. Jacobson did not advise the company of any disagreement with the board or company on any matter relating to the company's operations, policies or practices. On February 14, 2025, the board reduced its size from seven to six directors and appointed current director Yunis Shaik to the audit committee of the Board. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to R83.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Renewable Energy industry globally. Total loss to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R75.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Renewable Energy industry globally. Total loss to shareholders of 50% over the past three years. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: US$0.12 (vs US$0.091 in 3Q 2023) Third quarter 2024 results: EPS: US$0.12 (up from US$0.091 in 3Q 2023). Revenue: US$65.9m (up 18% from 3Q 2023). Net income: US$17.0m (up 32% from 3Q 2023). Profit margin: 26% (up from 23% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Oct 30
Montauk Renewables, Inc. to Report Q3, 2024 Results on Nov 12, 2024 Montauk Renewables, Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to R81.74, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Renewable Energy industry globally. Total loss to shareholders of 31% over the past three years. Announcement • Aug 09
Montauk Renewables, Inc. Reaffirms Revenues and Production Guidance for the Full Year 2024 Montauk Renewables, Inc. reaffirmed revenues and production guidance for the full year 2024. For the year, RNG revenues are expected to range between $195 million and $215 million. Renewable Electricity revenues are expected to range between $18.0 million and $19.0 million.
For the year, RNG production volumes are expected to range between 5.8 million MMBtu and 6.1 million MMBtu. Renewable Electricity production volumes are expected to range between 190,000 MWh and 200,000 MWh. Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$0.005 loss per share (vs US$0.007 profit in 2Q 2023) Second quarter 2024 results: US$0.005 loss per share (down from US$0.007 profit in 2Q 2023). Revenue: US$43.3m (down 19% from 2Q 2023). Net loss: US$712.0k (down 171% from profit in 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jul 26
Montauk Renewables, Inc. to Report Q2, 2024 Results on Aug 08, 2024 Montauk Renewables, Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Buy Or Sell Opportunity • Jul 16
Now 21% undervalued Over the last 90 days, the stock has risen 47% to R102. The fair value is estimated to be R129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 131% in the next 2 years. Buy Or Sell Opportunity • May 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to R88.56. The fair value is estimated to be R112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. Announcement • May 11
Montauk Renewables, Inc. Reaffirms Revenues and Production Guidance for the Year 2024 Montauk Renewables, Inc. reaffirmed revenues and production guidance for the year 2024. For the year, RNG revenues are expected to range between $195 and $215 million. Renewable Electricity revenues are expected to range between $18.0 million and $19.0 million. For the year, RNG production volumes are expected to range between 5.8 million MMBtu and 6.1 million MMBtu. Renewable Electricity production volumes are expected to range between 190,000 MWh and 200,000 MWh. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: US$0.013 (vs US$0.027 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.013 (up from US$0.027 loss in 1Q 2023). Revenue: US$38.8m (up 102% from 1Q 2023). Net income: US$1.85m (up US$5.64m from 1Q 2023). Profit margin: 4.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to R83.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Renewable Energy industry globally. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at R154 per share. Announcement • Apr 28
Montauk Renewables, Inc. to Report Q1, 2024 Results on May 09, 2024 Montauk Renewables, Inc. announced that they will report Q1, 2024 results After-Market on May 09, 2024 Announcement • Apr 23
Montauk Renewables, Inc., Annual General Meeting, Jun 05, 2024 Montauk Renewables, Inc., Annual General Meeting, Jun 05, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect two nominees to the Board of Directors for a term expiring at the 2027 Annual Meeting of Stockholder; to consider ratification of the appointment of Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024;. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R69.53, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Renewable Energy industry globally. Total loss to shareholders of 44% over the past three years. Board Change • Apr 05
Less than half of directors are independent Following Director Michael Jacobson's arrival on 01 April 2024, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Jennifer Cunningham was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 04
Montauk Renewables, Inc. Appoints Michael A. Jacobson as Class II Director On April 2, 2024, the Board of Directors (the “ Board”) of Montauk Renewables, Inc., a Delaware corporation (the “ Company”), appointed Mr. Michael A. Jacobson to the Board and Audit Committee thereof. Mr. Jacobson was appointed as a Class II director and his term will expire at the Company’s annual meeting of stockholders in 2025 and until his successor has been duly elected and qualified. Mr. Jacobson previously served on the Board from January 2021 until March 2023. There is no arrangement or understanding between Mr. Jacobson and any other person pursuant to which Mr. Jacobson was appointed. Mr. Jacobson does not have any family relationship with any of the Company’s directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Mr. Jacobson does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K. New Risk • Mar 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (8.5% net profit margin). Announcement • Mar 15
Montauk Renewables, Inc. Provides Production and Revenue Guidance for the Full Year 2024 Montauk Renewables, Inc. provided production and revenue guidance for the full year 2024. For the period, Company expects RNG revenues are expected to range between $195 and $215 million. RNG production volumes are expected to range between 5.8 and 6.1 million MMBtu. Renewable Electricity revenues are expected to range between $18.0 and $19.0 million. Renewable Electricity production volumes are expected to range between 190,000 and 200,000 MWh. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: US$0.10 (vs US$0.25 in FY 2022) Full year 2023 results: EPS: US$0.10 (down from US$0.25 in FY 2022). Revenue: US$174.9m (down 15% from FY 2022). Net income: US$14.9m (down 57% from FY 2022). Profit margin: 8.5% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R95.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Renewable Energy industry globally. Total loss to shareholders of 47% over the past three years. Announcement • Mar 01
Montauk Renewables, Inc. to Report Fiscal Year 2023 Results on Mar 14, 2024 Montauk Renewables, Inc. announced that they will report fiscal year 2023 results at 4:00 PM, US Eastern Standard Time on Mar 14, 2024 Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to R120, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Renewable Energy industry globally. Total loss to shareholders of 36% over the past three years. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$0.091 (vs US$0.079 in 3Q 2022) Third quarter 2023 results: EPS: US$0.091 (up from US$0.079 in 3Q 2022). Revenue: US$55.7m (flat on 3Q 2022). Net income: US$12.9m (up 16% from 3Q 2022). Profit margin: 23% (up from 20% in 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Global Renewable Energy industry. Announcement • Oct 27
Montauk Renewables, Inc. to Report Q3, 2023 Results on Nov 09, 2023 Montauk Renewables, Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 New Risk • Aug 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.1% net profit margin). Announcement • Aug 10
Montauk Renewables, Inc. Provides Production and Revenue Guidance for the Full Year 2023 Montauk Renewables, Inc. provided production and revenue guidance for the full year 2023. Updated 2023 Full Year Outlook: RNG revenues expected to range between $160.0 million and $175.0 million; RNG production volumes expected to range between 5.7 million MMBtu and 6.1 million MMBtu; Renewable Electricity revenues expected to range between $18.0 million and $19.0 million and Renewable Electricity production volumes expected to range between 195,000 MWh and 200,000 MWh. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$0.007 (vs US$0.14 in 2Q 2022) Second quarter 2023 results: EPS: US$0.007 (down from US$0.14 in 2Q 2022). Revenue: US$53.3m (down 22% from 2Q 2022). Net income: US$1.00m (down 95% from 2Q 2022). Profit margin: 1.9% (down from 28% in 2Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Global Renewable Energy industry. Announcement • Jul 28
Montauk Renewables, Inc. to Report Q2, 2023 Results on Aug 09, 2023 Montauk Renewables, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 09, 2023 Reported Earnings • May 11
First quarter 2023 earnings released: US$0.027 loss per share (vs US$0.008 loss in 1Q 2022) First quarter 2023 results: US$0.027 loss per share (further deteriorated from US$0.008 loss in 1Q 2022). Revenue: US$19.2m (down 41% from 1Q 2022). Net loss: US$3.79m (loss widened 240% from 1Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Global Renewable Energy industry. Announcement • May 11
Montauk Renewables, Inc. Provides Production and Revenue Guidance for the Year 2023 Montauk Renewables, Inc. provided production and revenue guidance for the year 2023. Affirmed 2023 Full Year Outlook: RNG revenues expected to range between $137.0 and $145.0 million RNG production volumes expected to range between 5.7 and 6.1 million MMBtu Renewable Electricity revenues expected to range between $18.0 and $19.0 million Renewable Electricity production volumes expected to range between 195 and 205 thousand MWh. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to R130, the stock trades at a forward P/E ratio of 65x. Average forward P/E is 13x in the Renewable Energy industry globally. Total loss to shareholders of 27% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R127 per share. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to R120, the stock trades at a forward P/E ratio of 67x. Average forward P/E is 14x in the Renewable Energy industry globally. Total loss to shareholders of 24% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R114 per share. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: US$0.25 (vs US$0.032 loss in FY 2021) Full year 2022 results: EPS: US$0.25 (up from US$0.032 loss in FY 2021). Revenue: US$205.6m (up 39% from FY 2021). Net income: US$35.2m (up US$39.7m from FY 2021). Profit margin: 17% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Global Renewable Energy industry. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R155, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Renewable Energy industry globally. Total loss to shareholders of 3.1% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R201 per share. Buying Opportunity • Mar 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be R224, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 34% per annum over the same time period. Buying Opportunity • Jan 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be R232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 34% per annum over the same time period. Buying Opportunity • Dec 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 43%. The fair value is estimated to be R229, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 34% per annum over the same time period. Buying Opportunity • Nov 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be R230, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 34% per annum over the same time period. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Michael Jacobson is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: US$0.079 (vs US$0.063 in 3Q 2021) Third quarter 2022 results: EPS: US$0.079 (up from US$0.063 in 3Q 2021). Revenue: US$55.9m (up 41% from 3Q 2021). Net income: US$11.2m (up 26% from 3Q 2021). Profit margin: 20% (down from 22% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Global Renewable Energy industry. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorated over the past week After last week's 16% share price decline to R267, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Renewable Energy industry globally. Total returns to shareholders of 67% over the past year. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 19% share price gain to R310, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 15x in the Renewable Energy industry globally. Total returns to shareholders of 87% over the past year. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorated over the past week After last week's 18% share price decline to R258, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 15x in the Renewable Energy industry globally. Total returns to shareholders of 53% over the past year. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 17% share price gain to R339, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 15x in the Renewable Energy industry globally. Total returns to shareholders of 167% over the past year. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 16% share price gain to R286, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 17x in the Renewable Energy industry globally. Total returns to shareholders of 142% over the past year. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: US$0.14 (vs US$0.033 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.14 (up from US$0.033 loss in 2Q 2021). Revenue: US$67.9m (up 114% from 2Q 2021). Net income: US$19.2m (up US$23.8m from 2Q 2021). Profit margin: 28% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 436% growth forecast for the industry in South Africa. Announcement • Aug 11
Montauk Renewables, Inc. Updates RNG Revenue and Production Guidance for the Year 2022 Montauk Renewables, Inc. updated RNG revenue and production guidance for the year 2022. For the period, the company expects RNG revenues expected to range between $200.0 and $220.0 million.RNG production volumes expected to range between 5.6 and 6.3 million MMBtu. Renewable Electricity revenues expected to range between $17.0 and $18.8 million. Renewable Electricity production volumes expected to range between 188 and 208 thousand MWh. Announcement • Jul 29
Montauk Renewables, Inc. Announces Filing of Provisional Patent Application for New Acid Neutralization Technology Montauk Renewables, Inc. ('Montauk' or 'the Company') announced the Company has filed a provisional patent application with the U.S. Patent and Trademark Office (USPTO) pertaining to a combustion based oxygen removal condensate neutralization technology. The patent application is directed to a new acid neutralization technology that is a critical and integral component in eliminating the harmful acidic condensate that is produced when wastewater is removed from the biogas conversion process. Without a mitigating measure, high acidity can result in expenses of hundreds of thousands of dollars in damage associated with the processing facility components as well as downtime for equipment replacement and troubleshooting. The Company has identified a successful demonstration of a reduction in unfavourable pH condensate through the considerable testing that has been completed to-date. The filing of this provisional patent application aligns to Montauk’s continued efforts to deploy technology within the Company’s existing portfolio for landfill biogas recovery. Announcement • Jul 28
Montauk Renewables, Inc. to Report Q2, 2022 Results on Aug 09, 2022 Montauk Renewables, Inc. announced that they will report Q2, 2022 results After-Market on Aug 09, 2022 Announcement • May 12
Montauk Renewables, Inc. Provides RNG Revenue and Production Guidance for the Year 2022 Montauk Renewables, Inc. provided RNG revenue and production guidance for the year 2022. For the period, the company expects renewable natural gas revenues expected to range between $181.0 and $226.0 million. Renewable natural gas production volumes expected to range between 5.5 and 6.7 million MMBtu. Renewable Electricity revenues expected to range between $17.0 and $20.0 million. Renewable Electricity production volumes expected to range between 188,000 and 230,000 MWh. Reported Earnings • May 10
First quarter 2022 earnings released: US$0.008 loss per share (vs US$0.10 loss in 1Q 2021) First quarter 2022 results: US$0.008 loss per share (up from US$0.10 loss in 1Q 2021). Revenue: US$32.2m (up 2.3% from 1Q 2021). Net loss: US$1.12m (loss narrowed 92% from 1Q 2021). Over the next year, revenue is forecast to grow 36%, compared to a 353% growth forecast for the industry in South Africa. Announcement • May 02
Montauk Renewables, Inc. to Report Q1, 2022 Results on May 10, 2022 Montauk Renewables, Inc. announced that they will report Q1, 2022 results Pre-Market on May 10, 2022 Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Michael Jacobson is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 23
Montauk Renewables, Inc., Annual General Meeting, Jun 06, 2022 Montauk Renewables, Inc., Annual General Meeting, Jun 06, 2022, at 09:00 US Eastern Standard Time. Agenda: To elect three directors to serve as Class II directors to hold office for a three-year term expiring at the 2025 Annual Meeting of Stockholders; to ratify the appointment of Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending December 31, 2022; and to transact any other matter that may properly come before the Annual Meeting, or any postponement or adjournment thereof. Reported Earnings • Mar 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.032 loss per share (down from US$0.032 profit in FY 2020). Revenue: US$148.1m (up 48% from FY 2020). Net loss: US$4.53m (down 198% from profit in FY 2020). Revenue exceeded analyst estimates by 7.6%. Over the next year, revenue is expected to shrink by 2.4% compared to a 373% growth forecast for the industry in South Africa. Announcement • Mar 01
Montauk Renewables, Inc. to Report Fiscal Year 2021 Results on Mar 16, 2022 Montauk Renewables, Inc. announced that they will report fiscal year 2021 results After-Market on Mar 16, 2022 Reported Earnings • Nov 20
Third quarter 2021 earnings released: EPS US$0.063 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$39.7m (up 41% from 3Q 2020). Net income: US$8.90m (up US$11.0m from 3Q 2020). Profit margin: 22% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Reported Earnings • May 19
First quarter 2021 earnings released The company reported a mediocre first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$31.4m (up 43% from 1Q 2020). Net loss: US$14.3m (down US$14.6m from profit in 1Q 2020). Announcement • May 12
Montauk Renewables, Inc. (NasdaqCM:MNTK) acquired NR3, LLC. Montauk Renewables, Inc. (NasdaqCM:MNTK) acquired NR3, LLC on May 11, 2021. Under the transaction, Montauk has retained the founders of NR3, Joe Carroll and Martin Redeker, as leaders of the new business division.
Montauk Renewables, Inc. (NasdaqCM:MNTK) completed the acquisition of NR3, LLC on May 11, 2021. 
