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1. Company Snapshot

1.a. Company Description

Encavis AG, an independent power producer, acquires and operates solar and onshore wind parks in Europe.It operates through PV Parks, PV Service, Wind Parks, and Asset Management segments.The company's portfolio includes 208 solar parks and 96 wind parks with a capacity of around 3.2 gigawatt in Germany, Italy, France, the United Kingdom, Austria, Finland, Sweden, Denmark, the Netherlands, Spain, and Ireland.


It also provides advisory and asset management services to institutional investors in the renewable energy sector; and commercial, technical, and other services.The company is headquartered in Hamburg, Germany.

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1.b. Last Insights on ECV

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Institutional owners may consider drastic measures as Encavis AG's (ETR:ECV) recent €95m drop adds to long-term losses

Oct -24

Source:

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Did You Miss Ormat Technologies's (NYSE:ORA) Impressive 151% Share Price Gain?

Feb -25

Source: Yahoo

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.24%)

6. Segments

PV Parks

Expected Growth: 12%

Encavis AG's PV Parks segment growth of 12% is driven by increasing demand for renewable energy, declining solar panel costs, and favorable government policies. Additionally, the company's strategic acquisitions and expansion into new markets have contributed to its growth. Furthermore, the rising need for energy storage and grid stability has led to increased adoption of solar power, supporting the segment's growth.

Wind Parks

Expected Growth: 11%

Encavis AG's Wind Parks segment growth of 11% is driven by increasing demand for renewable energy, favorable government policies and subsidies, declining wind turbine costs, and strategic acquisitions. Additionally, the company's focus on operational efficiency, capacity expansions, and strong project pipeline contribute to its growth momentum.

PV Services

Expected Growth: 10%

Encavis AG's PV Services segment growth is driven by increasing demand for renewable energy, declining solar panel costs, and government incentives for clean energy adoption. Additionally, the company's strategic acquisitions and partnerships have expanded its customer base and enhanced its service offerings, contributing to the 10% growth rate.

Asset Management

Expected Growth: 9%

Encavis AG's 9% growth in Asset Management is driven by increasing demand for renewable energy, successful acquisitions, and strategic partnerships. The company's expertise in solar and wind power, as well as its diversified portfolio, have enabled it to capitalize on the growing trend towards sustainable energy. Additionally, its strong track record of delivering stable returns has attracted institutional investors, further fueling growth.

Reconciliation

Expected Growth: 8%

Encavis AG's 8% growth is driven by increasing renewable energy demand, successful acquisitions, and strategic partnerships. The company's diversified portfolio of solar parks and wind farms benefits from favorable regulatory environments and declining technology costs. Additionally, Encavis AG's efficient operations and cost management enable the company to maintain a strong margin profile, supporting its growth momentum.

Administration

Expected Growth: 7%

Encavis AG's administration segment growth of 7% is driven by increasing demand for renewable energy, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on operational efficiency, cost savings, and investments in digitalization have contributed to the growth. Furthermore, the administration segment has benefited from the company's diversified portfolio and strong partnerships.

7. Detailed Products

Renewable Energy

Encavis AG develops, constructs, and operates renewable energy power plants, including solar parks and wind farms, to generate clean energy.

Energy Storage

Encavis AG offers energy storage solutions, including battery storage systems, to stabilize the grid and provide backup power.

Grid Services

Encavis AG provides grid services, including frequency regulation, voltage support, and reactive power compensation, to ensure grid stability.

Electricity Trading

Encavis AG trades electricity on the wholesale market, optimizing energy supply and demand.

Green Bonds

Encavis AG issues green bonds to finance renewable energy projects, promoting sustainable investing.

8. Encavis AG's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Encavis AG is moderate, as there are alternative sources of renewable energy, but the company's focus on solar and wind energy provides some protection.

Bargaining Power Of Customers

The bargaining power of customers is low, as Encavis AG's customers are largely dependent on the company for their energy needs, giving the company significant pricing power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate, as Encavis AG relies on a few large suppliers for its equipment and services, but the company's scale and reputation provide some negotiating power.

Threat Of New Entrants

The threat of new entrants is high, as the renewable energy industry is attractive and there are low barriers to entry, but Encavis AG's established position and expertise provide some protection.

Intensity Of Rivalry

The intensity of rivalry is high, as the renewable energy industry is highly competitive, but Encavis AG's focus on solar and wind energy and its established position provide some competitive advantage.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 69.06%
Debt Cost 6.86%
Equity Weight 30.94%
Equity Cost 7.81%
WACC 7.16%
Leverage 223.22%

11. Quality Control: Encavis AG passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Fortum

A-Score: 5.3/10

Value: 3.8

Growth: 2.8

Quality: 6.1

Yield: 5.0

Momentum: 7.0

Volatility: 7.0

1-Year Total Return ->

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Stock-Card
Acciona Energías Renovables

A-Score: 5.2/10

Value: 7.3

Growth: 4.8

Quality: 5.3

Yield: 1.2

Momentum: 7.0

Volatility: 5.7

1-Year Total Return ->

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Stock-Card
ReNew Energy Global

A-Score: 4.7/10

Value: 3.2

Growth: 8.7

Quality: 4.1

Yield: 0.0

Momentum: 8.5

Volatility: 3.7

1-Year Total Return ->

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Stock-Card
Encavis

A-Score: 4.6/10

Value: 4.2

Growth: 6.1

Quality: 6.2

Yield: 0.6

Momentum: 5.0

Volatility: 5.3

1-Year Total Return ->

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Stock-Card
Neoen

A-Score: 3.3/10

Value: 2.6

Growth: 3.8

Quality: 3.3

Yield: 0.0

Momentum: 4.0

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
EDP Renováveis

A-Score: 3.1/10

Value: 6.3

Growth: 2.3

Quality: 2.7

Yield: 1.9

Momentum: 2.0

Volatility: 3.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

17.53$

Current Price

17.53$

Potential

-0.00%

Expected Cash-Flows