Anaergia (ANRG) AI Stock Analysis

• Market Cap: C$394.11M
• Dividend Yield: N/A
• Average Volume (3M): 234.23K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.64
• Revenue Growth: 28.43%
• EPS Growth: 80.34%
• Country: CA
• Employees: 282
• Sector: Industrials
• Sector Strength: 72
• Industry: Waste Management
• EPS (TTM): 0.01
• Shares Outstanding: 171,353,420
• 10 Day Avg. Volume: 206,750
• 30 Day Avg. Volume: 234,230
• PEG Ratio: 0.03
• Price to Book (P/B): -2.25
• Price to Sales (P/S): 1.16
• P/FCF Ratio: -3.16
• 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: C$5.08
• Price Target Upside: 120.87% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$2.50 ▲(8.70% Upside)

Anaergia's overall stock score reflects a challenging financial position with significant improvements noted in the latest earnings call. While technical indicators are positive, the company's valuation remains weak due to ongoing profitability issues. The earnings call provided a strong positive sentiment, highlighting operational improvements and strategic growth, which partially offsets the financial weaknesses.

Positive Factors

Revenue Growth

The substantial revenue growth indicates strong market demand and successful geographic expansion, enhancing Anaergia's competitive position in the renewable energy sector.

Gross Margin Improvement

Improved gross margins reflect operational efficiency and cost management, which can lead to more sustainable profitability in the long term.

Strong Revenue Backlog

A strong revenue backlog indicates future revenue streams and customer confidence, supporting long-term growth and stability.

Negative Factors

Continued Net Loss

Ongoing net losses highlight challenges in achieving profitability, which could impact financial sustainability and investor confidence.

High Leverage

High leverage can strain financial resources and limit the company's ability to invest in growth opportunities, posing a risk to long-term stability.

Negative Operating Cash Flow

Negative operating cash flow indicates challenges in generating sufficient cash from core operations, potentially affecting liquidity and financial flexibility.

Anaergia Business Overview & Revenue Model

Company Description

Anaergia Inc., together with its subsidiaries, provides solutions for the generation of renewable energy and conversion of waste to resources. The company operates through three segments: Capital Sales; Services; and Build, Own, and Operate Projects. It offers waste processing solutions that capture and process organic waste contained within mixed municipal solid wastes; anaerobic digestion solution for the production of clean energy, fertilizers, and recycled water from waste streams; membrane-based system to upgrade biogas and create pipeline; liquid treatment for water re-use and nutrient recovery; and residue treatment solutions. The company offers wastewater resource recovery, municipal solid waste, and agri-food solutions. Anaergia Inc. was founded in 2007 and is headquartered in Burlington, Canada.

How the Company Makes Money

Anaergia generates revenue primarily through the sale of its anaerobic digestion systems and related technologies, which are utilized to convert organic waste into biogas and fertilizers. The company earns money through multiple revenue streams, including the installation and commissioning of its systems, ongoing maintenance services, and the sale of renewable energy credits associated with the biogas produced. Additionally, Anaergia may enter into long-term contracts with municipalities and private enterprises for the operation of waste-to-energy facilities, providing a steady income through service fees. Strategic partnerships with local governments and environmental agencies also contribute to its earnings by facilitating project funding and expanding its market reach.

Anaergia Financial Statement Overview

Summary

Anaergia is facing substantial financial difficulties across all major financial statements. The company struggles with profitability, high leverage, and cash flow issues. Despite some revenue growth, persistent losses and a weak balance sheet overshadow financial health.

Income Statement

Anaergia's income statement reveals a challenging financial position with negative net profit margins and EBIT margins over the TTM (Trailing-Twelve-Months). Despite a slight revenue growth of 7.77% in the TTM, the company continues to face significant profitability issues, as evidenced by negative EBIT and EBITDA margins. The gross profit margin is relatively low at 22%, indicating limited pricing power or high cost of goods sold.

Balance Sheet

The balance sheet shows a concerning financial structure with negative stockholders' equity, leading to a negative debt-to-equity ratio. This indicates that the company is highly leveraged and potentially at risk of financial instability. The return on equity is positive but misleading due to negative equity, and the equity ratio is unfavorable, suggesting a reliance on debt financing.

Cash Flow

Anaergia's cash flow statement highlights significant cash flow challenges, with negative operating and free cash flows. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is also negative, indicating inefficiencies in converting income into cash. The free cash flow to net income ratio is positive but reflects the company's inability to generate sufficient cash flow from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	142.56M	111.65M	147.22M	162.85M	153.58M	128.04M
Gross Profit	38.27M	25.63M	14.60M	28.60M	31.63M	28.55M
EBITDA	-11.25M	-38.37M	-185.49M	-53.59M	-11.38M	-6.67M
Net Income	-22.61M	-42.89M	-182.60M	-74.71M	-9.38M	-16.82M
Balance Sheet
Total Assets	237.21M	233.33M	278.67M	935.11M	703.91M	452.23M
Cash, Cash Equivalents and Short-Term Investments	39.16M	30.22M	22.11M	55.38M	79.32M	41.16M
Total Debt	66.55M	71.71M	70.89M	377.65M	221.50M	168.63M
Total Liabilities	195.05M	180.12M	205.08M	592.97M	367.30M	326.46M
Stockholders Equity	-62.92M	-57.65M	-55.38M	208.84M	218.02M	43.27M
Cash Flow
Free Cash Flow	7.55M	-41.01M	-130.87M	-152.97M	-127.54M	-100.57M
Operating Cash Flow	15.03M	-30.23M	-66.76M	-30.56M	-38.95M	26.63M
Investing Cash Flow	-25.18M	10.90M	-27.80M	-192.50M	-149.62M	-154.48M
Financing Cash Flow	1.54M	32.52M	64.76M	198.13M	229.91M	153.87M

Anaergia Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ANRG, the sentiment is Negative. The current price of 2.3 is below the 20-day moving average (MA) of 2.40, below the 50-day MA of 2.41, and above the 200-day MA of 1.79, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 44.63 is Neutral, neither overbought nor oversold. The STOCH value of 12.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ANRG.

Anaergia Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WCN	75 Outperform	C$62.29B	72.45	7.61%	0.75%	10.49%	-32.11%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GFL	57 Neutral	C$21.25B	-13.51	<0.01%	0.14%	-10.87%	-168.62%
ANRG	54 Neutral	C$394.11M	-17.25	―	―	28.43%	80.34%
BLM	54 Neutral	C$54.03M	-116.13	-3.01%	―	63.49%	-133.70%

Anaergia Corporate Events

Anaergia Secures C$43.8 Million Contract for Renewable Power Facility in San Diego

Anaergia Technologies has been awarded a C$43.8 million contract by the East County Advanced Water Purification Joint Powers Authority in San Diego to design and build a renewable power generation facility. This project will enhance energy resilience and reduce operational costs by converting organic waste into renewable energy, furthering Anaergia’s role in advancing energy resilience and the circular economy in Southern California.

Anaergia Inc. Reports Strong Financial Growth and Strategic Advancements

Anaergia Inc. has reported significant financial improvements under the leadership of its new CEO, with a 77% increase in revenue and a return to positive Adjusted EBITDA in the third quarter of 2025. The company’s strategic realignment has bolstered its operational efficiency and profitability, supported by a growing revenue backlog and expanding project pipeline. Anaergia’s focus on technology innovation and sustainability positions it as a leader in the renewable natural gas and waste-to-value sectors, helping clients meet decarbonization goals while generating carbon-negative fuels. The company aims to build on its 2025 momentum by expanding service revenues and maintaining financial discipline to drive shareholder value and environmental impact.

Anaergia Achieves Strong Financial Growth in Q3 2025

Anaergia Inc. reported a significant financial turnaround in the third quarter of 2025, with a 77% increase in revenue and a 146% rise in gross profit year-over-year. The company returned to positive Adjusted EBITDA, reflecting the success of its capital-light business model and strong market demand for renewable energy solutions. Anaergia’s revenue backlog grew to $287 million, indicating a robust project pipeline and a positive growth trajectory, as it continues to capitalize on its leadership in the renewable natural gas sector.

Anaergia Inc. Announces Q3 2025 Earnings Call

Anaergia Inc. has scheduled a conference call for November 12, 2025, to discuss its third-quarter financial results, which will be released after market close on November 11, 2025. The call will feature key executives and will be accessible via a webcast, with a replay available for one year. This announcement highlights Anaergia’s commitment to transparency and engagement with stakeholders, potentially impacting its market perception and investor relations.

Anaergia Joins Forces for C$22 Million Biogas Project in Italy

Anaergia Inc., through its subsidiary Anaergia S.r.l., has entered a joint venture with Tozzi Sud and Isolmec Group to construct an anaerobic digestion facility for BioHold in Basilicata, Italy. This C$22 million project, named Ora Biogas, will process agricultural residues to produce renewable gas, generating over 47,000 megawatt-hours of biomethane annually for Italy’s gas network. The collaboration highlights Anaergia’s strategic partnerships and its commitment to advancing sustainable energy solutions, reinforcing its position in the renewable energy sector.

Anaergia to Upgrade Italian Biogas Facility, Boosting Renewable Gas Production

Anaergia, through its subsidiary Anaergia S.r.l, has entered into an agreement to upgrade Società Agricola Zilio’s anaerobic digestion facility in Veneto, Italy. The project will nearly double the plant’s feedstock capacity and increase renewable natural gas production to over 20,000 megawatt-hours annually, contributing to Italy’s national gas grid. This initiative exemplifies Anaergia’s capability to deliver customized solutions that enhance renewable energy output, supporting Italy’s transition to sustainable energy and generating projected revenues exceeding C$4.7 million by mid-2026.

Anaergia Advances RNG Project in Riverside with New EPC and O&M Agreement

Anaergia Inc. has announced an agreement to provide engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services for a renewable natural gas project in Riverside, California. This agreement aligns with Anaergia’s ‘capital-light’ strategy by selling its Riverside development project to a developer with institutional investor funding, reducing financial exposure while advancing the project. The project is expected to significantly decrease the carbon footprint of Riverside’s Water Quality Control Plant and comply with California’s SB1383 regulations for organic waste recycling.