Energiekontor (EKT) AI Stock Analysis

• Market Cap: €533.74M
• Dividend Yield: 1.48%
• Average Volume (3M): 34.37K
• Price to Earnings (P/E): 15.4
• Beta (1Y): 1.05
• Revenue Growth: -51.12%
• EPS Growth: -53.26%
• Country: DE
• Employees: 259
• Sector: General
• Sector Strength: N/A
• Industry: Renewable Utilities
• EPS (TTM): N/A
• Shares Outstanding: 13,942,086
• 10 Day Avg. Volume: 64,256
• 30 Day Avg. Volume: 34,373
• PEG Ratio: -0.42
• Price to Book (P/B): 3.66
• Price to Sales (P/S): 5.42
• P/FCF Ratio: -13.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €106.00
• Price Target Upside: 180.79% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: €40.00 ▲(5.96% Upside)

Energiekontor's overall stock score is driven by its financial performance challenges, including recent declines in revenue and cash flow issues, and weak technical indicators. The reasonable valuation provides some support, but the bearish market momentum and financial concerns weigh heavily on the score.

Positive Factors

Integrated developer-operator model

Controlling the full project lifecycle creates durable competitive advantages: it captures development value, improves execution control, and enables recurring O&M revenues. This vertical capability supports steadier long-term cash generation and reduces reliance on third parties for project delivery.

Diversified revenue streams

A mix of contracted power sales (PPAs), development fees, and government incentives provides stable, multi-year cash flows and lowers revenue concentration risk. This structural diversification improves predictability of cash generation and supports financing of new projects over the medium term.

Sustained margin performance

Consistently healthy gross and EBIT margins indicate operational efficiency and disciplined project economics. Durable margins help absorb commodity or one-off pressures, support reinvestment into project pipelines, and preserve profitability through multi-year project cycles.

Negative Factors

Sharp revenue and EPS decline

A steep drop in revenue and EPS signals weakening project deliveries or lower production realization, materially reducing internal cash generation. Over weeks to months this can constrain project financing, delay pipeline execution, and force management to reprioritize capital allocation, harming growth.

High leverage and debt levels

Elevated debt-to-equity and large absolute debt increase refinancing and interest burden risks. High leverage limits strategic flexibility, raises sensitivity to interest rate moves, and can restrict the company's ability to invest in new projects or weather prolonged revenue weakness.

Volatile and negative operating cash flow

Irregular and recently negative operating cash flow undermines the firm's capacity to self-fund developments and maintain dividends. Persistent cash volatility increases reliance on external financing, raising execution risk for new projects and exposing the company to tighter credit conditions over the medium term.

Energiekontor Business Overview & Revenue Model

Company Description

Energiekontor AG, a project developer, engages in the planning, construction, and operation of wind farms and solar parks in England, Scotland, Portugal, the United States. and France. It owns and operates 130 wind farms and 12 solar parks with a total output of approximately 1 gigawatt. The company was founded in 1990 and is headquartered in Bremen, Germany.

How the Company Makes Money

Energiekontor generates revenue through several key streams. Primarily, the company earns money from the sale of electricity generated by its owned wind and solar farms. This includes entering into power purchase agreements (PPAs) with utilities and corporations, guaranteeing a stable income. Additionally, EKT engages in project development services, where it charges fees for developing and managing renewable energy projects for third parties. The company also benefits from government incentives and subsidies aimed at promoting clean energy initiatives. Strategic partnerships with other energy firms and stakeholders further enhance EKT's revenue opportunities by allowing for shared investments in new projects and access to broader markets.

Energiekontor Financial Statement Overview

Summary

Energiekontor shows strong growth potential with historical revenue and income growth. However, recent declines in revenue and net income, high leverage, and cash flow issues present significant challenges. Addressing these weaknesses is crucial for sustaining financial performance.

Income Statement

Energiekontor has demonstrated strong revenue growth over recent years, with a significant increase from 2019 to 2023. Gross profit margin and EBIT margin have remained healthy across the periods, indicating efficient cost management. However, the latest year (2024) shows a decline in revenue and net income, which warrants attention. The company must address this potential downturn to maintain its growth trajectory.

Balance Sheet

The balance sheet reflects a solid asset base with a growing equity position, but with a relatively high debt-to-equity ratio, indicating leverage risk. The equity ratio has improved over the years, suggesting strengthening of the company's financial stability. However, the high total debt level is a concern and could impact future financial flexibility.

Cash Flow

Cash flow from operations has been volatile, with significant fluctuations in free cash flow. The negative operating cash flow in the latest year highlights potential liquidity issues. While past years showed strong cash generation, the recent downturn in free cash flow growth rate indicates a need for better cash management strategies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	124.48M	126.46M	241.80M	187.57M	156.52M	146.61M
Gross Profit	85.60M	95.03M	172.88M	98.94M	82.70M	60.68M
EBITDA	75.37M	78.39M	136.59M	99.79M	81.78M	65.42M
Net Income	34.84M	22.56M	83.32M	44.54M	36.20M	20.43M
Balance Sheet
Total Assets	896.41M	774.10M	721.64M	633.59M	561.99M	448.99M
Cash, Cash Equivalents and Short-Term Investments	193.42M	142.01M	175.57M	127.05M	99.99M	79.49M
Total Debt	547.01M	464.25M	402.93M	398.05M	388.40M	306.71M
Total Liabilities	683.30M	586.53M	535.52M	509.93M	479.77M	383.44M
Stockholders Equity	213.12M	186.93M	185.25M	123.66M	82.22M	65.55M
Cash Flow
Free Cash Flow	-56.62M	-49.65M	102.94M	28.17M	-35.75M	2.77M
Operating Cash Flow	-10.29M	-43.43M	144.78M	122.43M	45.71M	3.56M
Investing Cash Flow	-46.54M	-9.29M	-45.47M	-75.91M	-81.46M	11.76M
Financing Cash Flow	98.86M	18.79M	-49.77M	-18.79M	45.26M	-6.20M

Energiekontor Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 37.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:EKT, the sentiment is Positive. The current price of 37.75 is above the 20-day moving average (MA) of 37.31, above the 50-day MA of 35.45, and below the 200-day MA of 41.39, indicating a neutral trend. The MACD of 0.84 indicates Negative momentum. The RSI at 57.27 is Neutral, neither overbought nor oversold. The STOCH value of 82.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:EKT.

Energiekontor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ETG	63 Neutral	€270.27M	19.35	7.87%	2.87%	-32.48%	-71.97%
HRPK	61 Neutral	€137.67M	-34.04	-1.85%	3.86%	4.52%	-263.49%
EKT	60 Neutral	€533.74M	15.38	17.69%	1.48%	-51.12%	-53.26%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
F3C	49 Neutral	€245.31M	-665.09	-0.27%	―	5.15%	-101.58%
ABO	45 Neutral	€110.77M	-70.00	-1.00%	4.14%	―	―
PNE3	41 Neutral	€754.97M	-1,251.90	-0.43%	0.40%	122.85%	98.21%