Anaergia (ANRG) AI Stock Analysis

• Market Cap: C$388.80M
• Dividend Yield: N/A
• Average Volume (3M): 234.23K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.95
• 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: 171,275,790
• 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$4.88
• Price Target Upside: 107.66% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$2.50 ▲(6.38% Upside)

Anaergia's overall stock score is driven by substantial financial challenges, including high leverage and cash flow issues, which weigh heavily on its financial performance score. However, positive earnings call outcomes and strategic corporate events provide a counterbalance, indicating potential for future improvement. Technical analysis and valuation present mixed signals, contributing to a moderate overall score.

Positive Factors

Revenue Growth

The substantial revenue growth indicates strong market demand and effective sales strategies, enhancing Anaergia's market position and long-term revenue potential.

Gross Margin Improvement

Improved gross margins reflect better cost management and pricing power, contributing to sustainable profitability and competitive advantage.

Revenue Backlog Growth

A growing revenue backlog indicates strong future sales and customer confidence, providing visibility and stability for future financial performance.

Negative Factors

High Leverage

High leverage and negative equity suggest financial instability, limiting Anaergia's ability to invest in growth and withstand economic downturns.

Cash Flow Challenges

Negative operating and free cash flows indicate inefficiencies in cash generation, potentially impacting Anaergia's ability to fund operations and growth initiatives.

Continued Net Loss

Ongoing net losses, despite revenue growth, highlight persistent profitability issues that could hinder long-term financial health and investor confidence.

Anaergia Business Overview & Revenue Model

Company Description

Anaergia Inc. is a leader in the renewable energy and waste management sectors, specializing in the conversion of organic waste into sustainable energy and valuable by-products. The company offers a range of solutions including anaerobic digestion systems, biogas production, and nutrient recovery technologies, aimed at enhancing waste treatment processes and promoting circular economy principles. Anaergia serves various industries such as agriculture, municipal waste management, and food processing, positioning itself as a key player in the transition towards a greener economy.

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 it. The financial health is concerning, requiring strategic improvements.

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	120.22M	111.65M	147.22M	162.85M	153.58M	128.04M
Gross Profit	30.90M	25.63M	14.60M	28.60M	31.63M	28.55M
EBITDA	-27.37M	-38.37M	-185.49M	-53.59M	-11.38M	-6.67M
Net Income	-34.84M	-42.89M	-182.60M	-74.71M	-9.38M	-16.82M
Balance Sheet
Total Assets	226.14M	233.33M	278.67M	935.11M	703.91M	452.23M
Cash, Cash Equivalents and Short-Term Investments	22.20M	30.22M	22.11M	55.38M	79.32M	41.16M
Total Debt	66.29M	71.71M	70.89M	377.65M	221.50M	168.63M
Total Liabilities	185.55M	180.12M	205.08M	592.97M	367.30M	326.46M
Stockholders Equity	-66.33M	-57.65M	-55.38M	208.84M	218.02M	43.27M
Cash Flow
Free Cash Flow	-24.52M	-41.01M	-130.87M	-152.97M	-127.54M	-100.57M
Operating Cash Flow	-16.75M	-30.23M	-66.76M	-30.56M	-38.95M	26.63M
Investing Cash Flow	-19.83M	10.90M	-27.80M	-192.50M	-149.62M	-154.48M
Financing Cash Flow	16.73M	32.52M	64.76M	198.13M	229.91M	153.87M

Anaergia Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.35
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ANRG, the sentiment is Positive. The current price of 2.35 is above the 20-day moving average (MA) of 2.30, below the 50-day MA of 2.48, and above the 200-day MA of 1.69, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 50.91 is Neutral, neither overbought nor oversold. The STOCH value of 78.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	$61.30B	71.30	7.61%	0.76%	10.49%	-32.11%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GFL	57 Neutral	C$22.19B	―	<0.01%	0.14%	-10.87%	-168.62%
ANRG	54 Neutral	C$388.80M	-10.92	―	―	28.43%	80.34%
BLM	54 Neutral	C$54.39M	―	-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.