EnviTec Biogas AG (DE:ETG)
XETRA:ETG
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EnviTec Biogas AG
(XETRA:ETG)
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Rating:55Neutral
Price Target:
€20.50
▲(13.57% Upside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by deteriorating financial quality (notably negative free cash flow in 2024–2025 and rising leverage) and clearly bearish technical signals (price below major moving averages with negative MACD). A reasonable valuation (P/E ~12.45 and ~2.52% yield) partially offsets these risks but does not fully counter the weakening cash-generation and downtrend.
Positive Factors
Recurring revenue mix
EnviTec’s multi-pillar model (EPC, services/O&M, and owned plants) generates recurring service fees and energy sales that smooth cyclicality from project work. Over 2–6 months this supports cash predictability and customer stickiness via long-term O&M and off-take arrangements.
Negative Factors
Weak cash generation
A shift to negative operating and free cash flow increases reliance on external financing and limits reinvestment capacity. Persistently weak cash conversion undermines self-funding of projects and maintenance capex, pressuring liquidity and strategic flexibility over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue mix
EnviTec’s multi-pillar model (EPC, services/O&M, and owned plants) generates recurring service fees and energy sales that smooth cyclicality from project work. Over 2–6 months this supports cash predictability and customer stickiness via long-term O&M and off-take arrangements.
Read all positive factors
EnviTec Biogas AG (ETG) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€298.49M
Dividend Yield2.87%
Average Volume (3M)1.04K
Price to Earnings (P/E)18.7
Beta (1Y)0.09
Revenue Growth-7.42%
EPS Growth-44.39%
CountryDE
Employees685
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)1.07
Shares Outstanding15,000,000
10 Day Avg. Volume801
30 Day Avg. Volume1,040
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)1.38
Price to Sales (P/S)0.82
P/FCF Ratio-14.55
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)N/A
Revenue Forecast (FY)N/A
EnviTec Biogas AG Business Overview & Revenue Model
Company Description
EnviTec Biogas AG is actively involved in the development and operation of biogas and biomethane facilities across numerous international markets, including Germany, Italy, the United Kingdom, Czechia, France, Denmark, the United States, China, an...
How the Company Makes Money
ETG makes money through a multi-pillar model spanning project business, services, and recurring income from owned/operated assets:
1) Plant construction / project development (EPC and related delivery): ETG generates revenue by planning and const...
EnviTec Biogas AG Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 312.64M | 350.31M | 427.11M | 390.55M | 262.37M |
| Gross Profit | 61.03M | 141.74M | 185.40M | 86.02M | 82.50M |
| EBITDA | 57.49M | 69.47M | 109.79M | 83.20M | 39.05M |
| Net Income | 15.92M | 28.63M | 58.46M | 45.80M | 15.77M |
Balance Sheet | |||||
| Total Assets | 466.54M | 413.81M | 417.32M | 340.59M | 252.77M |
| Cash, Cash Equivalents and Short-Term Investments | 25.69M | 26.60M | 85.30M | 69.41M | 19.81M |
| Total Debt | 165.30M | 120.72M | 101.43M | 59.17M | 47.80M |
| Total Liabilities | 275.59M | 229.44M | 216.76M | 173.39M | 118.70M |
| Stockholders Equity | 185.48M | 176.47M | 192.02M | 162.59M | 131.46M |
Cash Flow | |||||
| Free Cash Flow | -17.55M | -64.78M | 28.75M | 59.82M | 22.14M |
| Operating Cash Flow | 13.16M | -10.37M | 83.29M | 97.33M | 37.35M |
| Investing Cash Flow | -49.64M | -43.32M | -49.90M | -35.92M | -12.88M |
| Financing Cash Flow | 28.86M | -15.74M | -17.48M | -4.51M | -19.67M |
EnviTec Biogas AG Technical Analysis
Negative
18.05
Price Trends
23.27
Negative
22.16
Negative
20.33
Negative
Market Momentum
-0.92
Negative
43.18
Neutral
44.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:ETG, the sentiment is Negative. The current price of 18.05 is below the 20-day moving average (MA) of 20.36, below the 50-day MA of 23.27, and below the 200-day MA of 20.33, indicating a bearish trend. The MACD of -0.92 indicates Negative momentum. The RSI at 43.18 is Neutral, neither overbought nor oversold. The STOCH value of 44.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:ETG.
EnviTec Biogas AG Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | €863.58M | 14.89 | 9.90% | 5.21% | 0.52% | -16.10% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | €576.88M | 14.08 | 18.71% | 1.48% | 32.80% | 81.15% | |
58 Neutral | €98.34M | -471.88 | -0.13% | 4.14% | 4.52% | -1521.88% | |
55 Neutral | €298.49M | 18.74 | 8.61% | 2.87% | -7.42% | -44.39% | |
51 Neutral | €780.16M | -21.04 | -23.23% | 0.40% | 24.99% | -88.22% | |
49 Neutral | €2.00B | 26.86 | 3.26% | 4.07% | -6.34% | -51.78% |
* Utilities Sector Average
DE:ETG
EnviTec Biogas AG
20.10
-4.30
-17.62%
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7.90
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-4.20%
DE:MVV1
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30.30
1.50
5.22%
DE:PNE3
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DE:ABO
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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.