Waga Energy SA (FR:WAGA)
:WAGA
Want to see FR:WAGA full AI Analyst Report?
Top Page
Waga Energy SA
(WAGA)
Select Model
Select Model
Rating:45Neutral
Price Target:
€22.00
▼(-1.79% Downside)
Action:Reiterated
Date:05/10/26
The score is primarily held back by weak financial quality—persistent losses, rising leverage, and very negative free cash flow—despite strong revenue growth. Technical signals are also soft (negative MACD and low RSI with price below key moving averages). Valuation offers limited support given the negative P/E and lack of dividend yield data.
Positive Factors
Rapid Revenue Scaling
Sustained top-line expansion over several years demonstrates clear commercial traction in landfill-to-RNG projects. This scale improves bargaining power with offtakers, underpins capacity utilization, and provides a base to spread fixed costs, aiding eventual margin recovery if operational efficiency follows.
Negative Factors
Persistent losses & weak margins
Ongoing losses and weak gross margins mean the business has yet to prove sustainable profitability. Continued negative margins constrain internal funding for growth, risk investor dilution, and require clear operational improvement or pricing power to convert strong revenue into durable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Scaling
Sustained top-line expansion over several years demonstrates clear commercial traction in landfill-to-RNG projects. This scale improves bargaining power with offtakers, underpins capacity utilization, and provides a base to spread fixed costs, aiding eventual margin recovery if operational efficiency follows.
Read all positive factors
Waga Energy SA (WAGA) vs. iShares MSCI France ETF (EWQ)
Market Cap
€603.93M
Dividend YieldN/A
Average Volume (3M)418.47K
Price to Earnings (P/E)―
Beta (1Y)0.10
Revenue Growth7.14%
EPS Growth-65.98%
CountryFR
Employees219
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-1.12
Shares Outstanding26,781,807
10 Day Avg. Volume183,064
30 Day Avg. Volume418,470
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)6.05
Price to Sales (P/S)11.20
P/FCF Ratio-5.82
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)-1.38
Revenue Forecast (FY)€157.40M
Waga Energy SA Business Overview & Revenue Model
Company Description
Waga Energy SA designs, builds, and operates landfill gas recovery, upgrading, and grid-injection projects. The company develops WAGABOX, a landfill gas upgrading unit that delivers biomethane that can be injected directly into the gas grid or use...
How the Company Makes Money
Waga Energy makes money by monetizing renewable natural gas produced from landfill gas upgrading projects. Its revenue model is primarily tied to (1) selling biomethane/RNG injected into gas grids under long-term offtake arrangements (with pricing...
Waga Energy SA Financial Statement Overview
Summary
Income Statement
23
Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 59.60M | 55.70M | 33.26M | 19.16M | 12.26M |
| Gross Profit | 505.00K | -3.43M | 14.32M | 11.61M | 7.25M |
| EBITDA | -1.64M | -2.88M | -6.64M | -5.36M | -2.36M |
| Net Income | -30.32M | -17.58M | -15.99M | -10.07M | -8.06M |
Balance Sheet | |||||
| Total Assets | 403.91M | 295.02M | 194.58M | 189.17M | 169.56M |
| Cash, Cash Equivalents and Short-Term Investments | 60.34M | 68.30M | 40.27M | 91.66M | 122.91M |
| Total Debt | 222.06M | 115.10M | 60.76M | 49.55M | 38.25M |
| Total Liabilities | 273.17M | 160.93M | 96.71M | 77.15M | 51.97M |
| Stockholders Equity | 110.34M | 131.23M | 95.15M | 109.11M | 115.91M |
Cash Flow | |||||
| Free Cash Flow | -114.65M | -71.21M | -62.08M | -48.33M | -14.02M |
| Operating Cash Flow | 3.55M | -9.75M | -12.92M | -7.39M | -952.00K |
| Investing Cash Flow | -113.46M | -56.53M | -45.01M | -36.98M | -13.98M |
| Financing Cash Flow | 103.09M | 95.85M | 4.97M | 13.02M | 121.72M |
Waga Energy SA Technical Analysis
Negative
22.40
Price Trends
23.12
Negative
22.96
Negative
22.44
Positive
Market Momentum
-0.16
Negative
41.24
Neutral
68.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:WAGA, the sentiment is Negative. The current price of 22.4 is below the 20-day moving average (MA) of 22.70, below the 50-day MA of 23.12, and below the 200-day MA of 22.44, indicating a neutral trend. The MACD of -0.16 indicates Negative momentum. The RSI at 41.24 is Neutral, neither overbought nor oversold. The STOCH value of 68.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:WAGA.
Waga Energy SA Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €141.11M | 13.21 | 11.66% | 2.03% | 3.35% | 242.49% | |
71 Outperform | €153.87B | 14.70 | 15.76% | 1.65% | 5.24% | -2.65% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | €813.22M | 5.15 | 7.79% | 6.54% | -3.45% | -43.87% | |
45 Neutral | €603.93M | -22.01 | ― | ― | 7.14% | -65.98% |
* Industrials Sector Average
FR:WAGA
Waga Energy SA
22.50
5.74
34.25%
FR:MTU
Manitou BF
21.20
0.45
2.14%
FR:ALPM
Precia SA
26.20
-2.06
-7.29%
FR:SU
Schneider Electric
268.95
50.32
23.02%
FR:ALENO
Enogia SAS
6.30
3.40
117.24%
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.