Wolftank-Adisa Holding AG (DE:WAH)
XETRA:WAH
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Wolftank-Adisa Holding AG
(XETRA:WAH)
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Rating:44Neutral
Price Target:
€4.00
▼(-15.97% Downside)
Action:Reiterated
Date:06/02/26
The score is held back primarily by weak and volatile profitability alongside elevated leverage, despite multi-year revenue scaling and improved recent cash flow. Technicals also lean negative with the stock trading below key moving averages and MACD below zero. Valuation provides limited support due to a negative P/E and no stated dividend yield.
Positive Factors
Multi-year revenue scaling
Sustained top-line expansion over multiple years demonstrates the company can win and execute larger projects and customer relationships. That scale supports fixed-cost absorption, enhances bidding credibility for multi-site frameworks, and underpins medium-term revenue resiliency.
Negative Factors
Elevated leverage
A debt-to-equity ratio around 2.5x materially raises financial risk and reduces flexibility. Higher leverage increases interest and refinancing exposure, tightening covenants and making the company vulnerable to earnings volatility or tighter credit conditions over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue scaling
Sustained top-line expansion over multiple years demonstrates the company can win and execute larger projects and customer relationships. That scale supports fixed-cost absorption, enhances bidding credibility for multi-site frameworks, and underpins medium-term revenue resiliency.
Read all positive factors
Wolftank-Adisa Holding AG (WAH) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€22.02M
Dividend YieldN/A
Average Volume (3M)4.72K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth1.02%
EPS Growth-6.21%
CountryDE
Employees428
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.56
Shares Outstanding5,281,654
10 Day Avg. Volume9,152
30 Day Avg. Volume4,721
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.79
Price to Sales (P/S)0.21
P/FCF Ratio-107.48
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)0.02
Revenue Forecast (FY)€128.40M
Wolftank-Adisa Holding AG Business Overview & Revenue Model
Company Description
Wolftank-Adisa Holding AG provides specialized engineering and environmental protection services, primarily focused on the rehabilitation and safeguarding of contaminated land and facilities. Their comprehensive solutions encompass various cleanup...
How the Company Makes Money
WAH makes money primarily by delivering project- and service-based environmental and infrastructure work for industrial, energy, and public-sector customers. Key revenue streams include (1) remediation services: consulting, engineering, and execut...
Wolftank-Adisa Holding AG Financial Statement Overview
Summary
Income Statement
47
Neutral
Balance Sheet
34
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 120.49M | 122.80M | 121.50M | 86.79M | 62.73M | 44.63M |
| Gross Profit | 12.60M | 11.61M | 43.47M | 18.14M | 9.54M | 15.63M |
| EBITDA | 1.66M | 6.71M | 5.20M | 8.54M | 3.59M | 1.21M |
| Net Income | -2.97M | -2.77M | 1.00M | -3.27M | -1.87M | -2.95M |
Balance Sheet | ||||||
| Total Assets | 108.33M | 122.12M | 108.70M | 109.93M | 62.80M | 61.79M |
| Cash, Cash Equivalents and Short-Term Investments | 11.76M | 21.54M | 9.79M | 11.75M | 12.75M | 7.48M |
| Total Debt | 31.27M | 36.13M | 29.12M | 27.32M | 12.45M | 12.90M |
| Total Liabilities | 90.35M | 99.18M | 83.85M | 85.31M | 42.30M | 45.60M |
| Stockholders Equity | 11.93M | 14.24M | 17.37M | 17.46M | 17.84M | 22.42M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.79M | 1.30M | -1.92M | -2.27M | 2.51M |
| Operating Cash Flow | 0.00 | 3.79M | 1.30M | 7.21M | 277.86K | 4.85M |
| Investing Cash Flow | 0.00 | -2.27M | -4.68M | -8.49M | -2.50M | -5.33M |
| Financing Cash Flow | 0.00 | 1.54M | 2.00M | 6.23M | 6.34M | 7.98M |
Wolftank-Adisa Holding AG Technical Analysis
Negative
4.76
Price Trends
4.37
Negative
4.35
Negative
4.68
Negative
Market Momentum
-0.02
Positive
44.79
Neutral
23.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:WAH, the sentiment is Negative. The current price of 4.76 is above the 20-day moving average (MA) of 4.29, above the 50-day MA of 4.37, and above the 200-day MA of 4.68, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 44.79 is Neutral, neither overbought nor oversold. The STOCH value of 23.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:WAH.
Wolftank-Adisa Holding AG Peers Comparison
UnderperformOutperform
Sector (63)
DE:WAH
Wolftank-Adisa Holding AG
4.08
-2.87
-41.29%
DE:NEP
SLOMAN NEPTUN Schiffahrts-Aktiengesellschaft
64.00
4.43
7.44%
DE:M4N
Muehlhan AG
1.24
-0.22
-15.07%
DE:BLH
BREMER LAGERHAUS-GESELLSCHAFT-Aktiengesellschaft
10.90
1.81
19.96%
DE:C0M
Compleo Charging Solutions AG
0.01
-0.07
-85.00%
DE:LMIA
Lion E-Mobility AG
2.04
0.78
61.90%
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.