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Ernst Russ AG
(XETRA:ERAG)
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Rating:79Outperform
Price Target:
€9.00
▲(19.05% Upside)
Action:Reiterated
Date:07/01/26
The score is driven primarily by strong financial performance—especially the de-risked balance sheet and strong profitability—supported by very attractive valuation (low P/E and a solid dividend yield). The main restraint is mixed technical setup, with the stock trading below key short-term moving averages despite remaining above longer-term averages.
Positive Factors
Conservative balance sheet / very low leverage
Near-zero leverage provides durable financial resilience for a shipping operator exposed to cyclical markets. A de-risked capital structure increases flexibility to fund dry-docking, opportunistic vessel purchases, cover downturns, and sustain shareholder distributions without forced asset sales.
Negative Factors
Revenue volatility and shipping cyclicality
Revenue swings reflect structural cyclicality in freight rates and charter demand, making top-line predictability weak. For an asset-heavy manager, uneven revenue translates into lumpy earnings, planning challenges for fleet utilization and risk that capital decisions may be mistimed across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / very low leverage
Near-zero leverage provides durable financial resilience for a shipping operator exposed to cyclical markets. A de-risked capital structure increases flexibility to fund dry-docking, opportunistic vessel purchases, cover downturns, and sustain shareholder distributions without forced asset sales.
Read all positive factors
Ernst Russ AG (ERAG) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€253.34M
Dividend Yield3.36%
Average Volume (3M)4.65K
Price to Earnings (P/E)4.2
Beta (1Y)0.46
Revenue Growth-8.98%
EPS Growth72.45%
CountryDE
Employees47
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)1.79
Shares Outstanding33,689,312
10 Day Avg. Volume4,348
30 Day Avg. Volume4,651
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.94
Price to Sales (P/S)1.44
P/FCF Ratio5.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.07
Revenue Forecast (FY)€154.10M
Ernst Russ AG Business Overview & Revenue Model
Company Description
Ernst Russ AG is a publicly listed asset manager that strategically allocates capital across a diverse range of investment classes. Its primary areas of focus include maritime shipping, various alternative investments, real estate, private equity,...
How the Company Makes Money
ERAG primarily makes money from the operation and management of its shipping assets and related maritime services. Key revenue streams typically include: (1) charter income earned when the company’s vessels are employed under time charter or voyag...
Ernst Russ AG Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 158.21M | 163.08M | 172.72M | 202.67M | 191.74M | 92.28M |
| Gross Profit | 78.97M | 30.66M | 53.67M | 72.27M | 64.91M | 28.78M |
| EBITDA | 103.14M | 126.67M | 80.58M | 101.24M | 93.41M | 38.92M |
| Net Income | 59.86M | 73.48M | 42.47M | 55.08M | 47.27M | 15.78M |
Balance Sheet | ||||||
| Total Assets | 414.32M | 370.12M | 355.01M | 340.27M | 283.28M | 263.70M |
| Cash, Cash Equivalents and Short-Term Investments | 120.20M | 114.35M | 110.67M | 67.30M | 57.75M | 26.36M |
| Total Debt | 1.81M | 1.86M | 2.07M | 2.27M | 3.26M | 79.11M |
| Total Liabilities | 110.53M | 77.31M | 88.63M | 80.18M | 75.78M | 120.88M |
| Stockholders Equity | 259.25M | 248.26M | 180.85M | 170.68M | 118.02M | 72.15M |
Cash Flow | ||||||
| Free Cash Flow | 61.22M | 44.71M | 94.57M | -7.93M | 64.76M | 36.27M |
| Operating Cash Flow | 106.93M | 90.42M | 98.47M | 90.18M | 98.75M | 39.72M |
| Investing Cash Flow | -22.69M | 19.54M | 6.51M | -71.82M | 12.60M | -27.54M |
| Financing Cash Flow | -65.48M | -95.12M | -66.21M | -7.30M | -80.64M | 6.41M |
Ernst Russ AG Technical Analysis
Negative
7.56
Price Trends
7.98
Negative
7.85
Negative
7.40
Positive
Market Momentum
-0.11
Negative
40.43
Neutral
47.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:ERAG, the sentiment is Negative. The current price of 7.56 is below the 20-day moving average (MA) of 7.65, below the 50-day MA of 7.98, and above the 200-day MA of 7.40, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 40.43 is Neutral, neither overbought nor oversold. The STOCH value of 47.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:ERAG.
Ernst Russ AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €253.34M | 4.20 | 25.34% | 3.34% | -8.98% | 72.45% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | €22.34B | 89.51 | 1.39% | 2.30% | -10.66% | -90.22% | |
43 Neutral | €2.11B | 24.86 | 0.35% | 0.46% | 6.06% | -81.63% |
* Industrials Sector Average
DE:ERAG
Ernst Russ AG
7.54
0.72
10.59%
DE:HHFA
Hamburger Hafen und Logistik
21.60
1.00
4.85%
DE:HLAG
Hapag Lloyd
124.30
-3.67
-2.87%
DE:EUK2
EUROKAI KGaA
58.50
18.67
46.88%
DE:NEP
SLOMAN NEPTUN Schiffahrts-Aktiengesellschaft
60.00
-2.90
-4.61%
DE:HHX
HAMMONIA Schiffsholding AG
340.00
72.00
26.87%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.