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ENCAVIS AG (ECV.DE) Stock Fundamental Analysis

FRA:ECV - Deutsche Boerse Ag - DE0006095003 - Common Stock - Currency: EUR

17.53  +0.07 (+0.4%)

Fundamental Rating

3

Taking everything into account, ECV scores 3 out of 10 in our fundamental rating. ECV was compared to 20 industry peers in the Independent Power and Renewable Electricity Producers industry. ECV has a medium profitability rating, but doesn't score so well on its financial health evaluation. ECV does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

ECV had negative earnings in the past year.
In the past year ECV had a positive cash flow from operations.
Each year in the past 5 years ECV has been profitable.
In the past 5 years ECV always reported a positive cash flow from operatings.
ECV.DE Yearly Net Income VS EBIT VS OCF VS FCFECV.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

1.2 Ratios

ECV's Return On Assets of -0.39% is on the low side compared to the rest of the industry. ECV is outperformed by 75.00% of its industry peers.
ECV has a Return On Equity of -1.26%. This is in the lower half of the industry: ECV underperforms 75.00% of its industry peers.
ECV's Return On Invested Capital of 2.42% is in line compared to the rest of the industry. ECV outperforms 50.00% of its industry peers.
ECV had an Average Return On Invested Capital over the past 3 years of 4.01%. This is in line with the industry average of 3.98%.
Industry RankSector Rank
ROA -0.39%
ROE -1.26%
ROIC 2.42%
ROA(3y)2.05%
ROA(5y)1.46%
ROE(3y)6.61%
ROE(5y)4.86%
ROIC(3y)4.01%
ROIC(5y)3.35%
ECV.DE Yearly ROA, ROE, ROICECV.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

In the last couple of years the Profit Margin of ECV has grown nicely.
The Operating Margin of ECV (27.75%) is better than 65.00% of its industry peers.
ECV's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 93.75%, ECV is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
In the last couple of years the Gross Margin of ECV has remained more or less at the same level.
Industry RankSector Rank
OM 27.75%
PM (TTM) N/A
GM 93.75%
OM growth 3Y6.45%
OM growth 5Y1.26%
PM growth 3Y48.47%
PM growth 5Y40.76%
GM growth 3Y-1.7%
GM growth 5Y-1.09%
ECV.DE Yearly Profit, Operating, Gross MarginsECV.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60 80

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ECV is destroying value.
ECV has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for ECV has been increased compared to 5 years ago.
The debt/assets ratio for ECV has been reduced compared to a year ago.
ECV.DE Yearly Shares OutstandingECV.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
ECV.DE Yearly Total Debt VS Total AssetsECV.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

Based on the Altman-Z score of 0.93, we must say that ECV is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.93, ECV is in line with its industry, outperforming 50.00% of the companies in the same industry.
ECV has a debt to FCF ratio of 20.07. This is a negative value and a sign of low solvency as ECV would need 20.07 years to pay back of all of its debts.
ECV has a Debt to FCF ratio of 20.07. This is comparable to the rest of the industry: ECV outperforms 60.00% of its industry peers.
A Debt/Equity ratio of 1.66 is on the high side and indicates that ECV has dependencies on debt financing.
With a Debt to Equity ratio value of 1.66, ECV is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.66
Debt/FCF 20.07
Altman-Z 0.93
ROIC/WACC0.49
WACC4.94%
ECV.DE Yearly LT Debt VS Equity VS FCFECV.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 1.17 indicates that ECV should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.17, ECV is doing worse than 65.00% of the companies in the same industry.
A Quick Ratio of 1.16 indicates that ECV should not have too much problems paying its short term obligations.
ECV has a worse Quick ratio (1.16) than 60.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 1.16
ECV.DE Yearly Current Assets VS Current LiabilitesECV.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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3

3. Growth

3.1 Past

ECV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -123.73%.
Measured over the past years, ECV shows a very strong growth in Earnings Per Share. The EPS has been growing by 52.91% on average per year.
ECV shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.49%.
ECV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.55% yearly.
EPS 1Y (TTM)-123.73%
EPS 3Y65.11%
EPS 5Y52.91%
EPS Q2Q%-151.25%
Revenue 1Y (TTM)-13.49%
Revenue growth 3Y17.12%
Revenue growth 5Y13.55%
Sales Q2Q%-7.9%

3.2 Future

Based on estimates for the next years, ECV will show a small growth in Earnings Per Share. The EPS will grow by 7.55% on average per year.
ECV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.61% yearly.
EPS Next Y-20.26%
EPS Next 2Y-4.68%
EPS Next 3Y-2.32%
EPS Next 5Y7.55%
Revenue Next Year-0.13%
Revenue Next 2Y5.22%
Revenue Next 3Y9.19%
Revenue Next 5Y5.61%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ECV.DE Yearly Revenue VS EstimatesECV.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 200M 400M 600M
ECV.DE Yearly EPS VS EstimatesECV.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.2 0.4 0.6 0.8

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1

4. Valuation

4.1 Price/Earnings Ratio

ECV reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 34.26, the valuation of ECV can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as ECV.
ECV is valuated expensively when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 34.26
ECV.DE Price Earnings VS Forward Price EarningsECV.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50 -100 -150

4.2 Price Multiples

ECV's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ECV is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 25.15
EV/EBITDA 16.84
ECV.DE Per share dataECV.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

ECV's earnings are expected to decrease with -2.32% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.68%
EPS Next 3Y-2.32%

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0

5. Dividend

5.1 Amount

ECV does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ENCAVIS AG

FRA:ECV (1/31/2025, 7:00:00 PM)

17.53

+0.07 (+0.4%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)11-13 2024-11-13
Earnings (Next)05-12 2025-05-12
Inst Owners28.56%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.83B
Analysts45.45
Price Target17.85 (1.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-5.47%
EPS NY rev (3m)-5.47%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.28%
Revenue NY rev (3m)-0.28%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 34.26
P/S 6.57
P/FCF 25.15
P/OCF 12.75
P/B 2.42
P/tB 4.4
EV/EBITDA 16.84
EPS(TTM)-0.09
EYN/A
EPS(NY)0.51
Fwd EY2.92%
FCF(TTM)0.7
FCFY3.98%
OCF(TTM)1.38
OCFY7.84%
SpS2.67
BVpS7.24
TBVpS3.98
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.39%
ROE -1.26%
ROCE 3.56%
ROIC 2.42%
ROICexc 2.62%
ROICexgc 3.15%
OM 27.75%
PM (TTM) N/A
GM 93.75%
FCFM 26.12%
ROA(3y)2.05%
ROA(5y)1.46%
ROE(3y)6.61%
ROE(5y)4.86%
ROIC(3y)4.01%
ROIC(5y)3.35%
ROICexc(3y)4.5%
ROICexc(5y)3.71%
ROICexgc(3y)5.64%
ROICexgc(5y)4.7%
ROCE(3y)5.9%
ROCE(5y)4.94%
ROICexcg growth 3Y19.27%
ROICexcg growth 5Y8.1%
ROICexc growth 3Y20.11%
ROICexc growth 5Y10.22%
OM growth 3Y6.45%
OM growth 5Y1.26%
PM growth 3Y48.47%
PM growth 5Y40.76%
GM growth 3Y-1.7%
GM growth 5Y-1.09%
F-Score2
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 1.66
Debt/FCF 20.07
Debt/EBITDA 6.75
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 77.43%
Profit Quality N/A
Current Ratio 1.17
Quick Ratio 1.16
Altman-Z 0.93
F-Score2
WACC4.94%
ROIC/WACC0.49
Cap/Depr(3y)37.96%
Cap/Depr(5y)28.7%
Cap/Sales(3y)15.03%
Cap/Sales(5y)11.77%
Profit Quality(3y)291.51%
Profit Quality(5y)691.97%
High Growth Momentum
Growth
EPS 1Y (TTM)-123.73%
EPS 3Y65.11%
EPS 5Y52.91%
EPS Q2Q%-151.25%
EPS Next Y-20.26%
EPS Next 2Y-4.68%
EPS Next 3Y-2.32%
EPS Next 5Y7.55%
Revenue 1Y (TTM)-13.49%
Revenue growth 3Y17.12%
Revenue growth 5Y13.55%
Sales Q2Q%-7.9%
Revenue Next Year-0.13%
Revenue Next 2Y5.22%
Revenue Next 3Y9.19%
Revenue Next 5Y5.61%
EBIT growth 1Y-44.44%
EBIT growth 3Y24.68%
EBIT growth 5Y14.98%
EBIT Next Year83.73%
EBIT Next 3Y32.59%
EBIT Next 5Y24.55%
FCF growth 1Y-66.49%
FCF growth 3Y-11.06%
FCF growth 5Y5.42%
OCF growth 1Y-33.88%
OCF growth 3Y3.32%
OCF growth 5Y6.15%