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EnviTec Biogas

DB:ETG
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ETG
DB
€196M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

EnviTec Biogas AG provides various services to biogas plants in Europe, Asia, and North America. The last earnings update was 182 days ago. More info.


Add to Portfolio Compare Print
  • EnviTec Biogas has significant price volatility in the past 3 months.
ETG Share Price and Events
7 Day Returns
14.9%
DB:ETG
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
41.6%
DB:ETG
21.9%
DE Oil and Gas
-17.7%
DE Market
ETG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EnviTec Biogas (ETG) 14.9% 0.8% 5.6% 41.6% 66.4% 101.9%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • ETG outperformed the Oil and Gas industry which returned 21.9% over the past year.
  • ETG outperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
ETG
Industry
5yr Volatility vs Market

Value

 Is EnviTec Biogas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of EnviTec Biogas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for EnviTec Biogas.

DB:ETG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 4.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ETG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 30%) (27.59%))
0.976
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.976 * 5.44%)
4.92%

Discounted Cash Flow Calculation for DB:ETG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for EnviTec Biogas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:ETG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 4.92%)
2020 22.01 Est @ 1.37% 20.97
2021 22.19 Est @ 0.85% 20.16
2022 22.30 Est @ 0.47% 19.31
2023 22.35 Est @ 0.22% 18.44
2024 22.35 Est @ 0.03% 17.58
2025 22.33 Est @ -0.09% 16.74
2026 22.29 Est @ -0.18% 15.93
2027 22.24 Est @ -0.24% 15.14
2028 22.17 Est @ -0.29% 14.39
2029 22.10 Est @ -0.32% 13.67
Present value of next 10 years cash flows €172.00
DB:ETG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €22.10 × (1 + -0.39%) ÷ (4.92% – -0.39%)
€414.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €414.68 ÷ (1 + 4.92%)10
€256.55
DB:ETG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €172.00 + €256.55
€428.55
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €428.55 / 14.85
€28.86
DB:ETG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ETG represents 0.99243x of XTRA:ETG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99243x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 28.86 x 0.99243
€28.64
Value per share (EUR) From above. €28.64
Current discount Discount to share price of €13.10
= -1 x (€13.10 - €28.64) / €28.64
54.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price EnviTec Biogas is available for.
Intrinsic value
>50%
Share price is €13.1 vs Future cash flow value of €28.64
Current Discount Checks
For EnviTec Biogas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • EnviTec Biogas's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • EnviTec Biogas's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for EnviTec Biogas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EnviTec Biogas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ETG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.47
XTRA:ETG Share Price ** XTRA (2020-03-30) in EUR €13.2
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of EnviTec Biogas.

DB:ETG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:ETG Share Price ÷ EPS (both in EUR)

= 13.2 ÷ 0.47

28.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EnviTec Biogas is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • EnviTec Biogas is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does EnviTec Biogas's expected growth come at a high price?
Raw Data
DB:ETG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for EnviTec Biogas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on EnviTec Biogas's assets?
Raw Data
DB:ETG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €9.92
XTRA:ETG Share Price * XTRA (2020-03-30) in EUR €13.2
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:ETG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:ETG Share Price ÷ Book Value per Share (both in EUR)

= 13.2 ÷ 9.92

1.33x

* Primary Listing of EnviTec Biogas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EnviTec Biogas is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess EnviTec Biogas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. EnviTec Biogas has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is EnviTec Biogas expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as EnviTec Biogas has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EnviTec Biogas expected to grow at an attractive rate?
  • Unable to compare EnviTec Biogas's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare EnviTec Biogas's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare EnviTec Biogas's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:ETG Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ETG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ETG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 204 7
2019-03-31 195 6
2018-12-31 187 32 6
2018-09-30 193 6
2018-06-30 200 7
2018-03-31 199 5
2017-12-31 199 20 4
2017-09-30 186 4
2017-06-30 173 3
2017-03-31 168 3
2016-12-31 163 20 3
2016-09-30 155 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if EnviTec Biogas is high growth as no earnings estimate data is available.
  • Unable to determine if EnviTec Biogas is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ETG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from EnviTec Biogas Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ETG Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.47
2019-03-31 0.44
2018-12-31 0.40
2018-09-30 0.43
2018-06-30 0.46
2018-03-31
2017-12-31
2017-09-30
2017-06-30 0.21
2017-03-31 0.18
2016-12-31 0.17
2016-09-30 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if EnviTec Biogas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine EnviTec Biogas's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. EnviTec Biogas's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. EnviTec Biogas's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess EnviTec Biogas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
EnviTec Biogas has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has EnviTec Biogas performed over the past 5 years?

  • EnviTec Biogas's last earnings update was 182 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare EnviTec Biogas's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • EnviTec Biogas has delivered over 20% year on year earnings growth in the past 5 years.
  • EnviTec Biogas's 1-year earnings growth is less than its 5-year average (4.1% vs 28%)
  • EnviTec Biogas's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (4.1% vs -4.1%).
Earnings and Revenue History
EnviTec Biogas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from EnviTec Biogas Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ETG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 203.87 6.98 20.07
2019-03-31 195.31 6.49 19.85
2018-12-31 186.76 6.00 19.64
2018-09-30 193.37 6.35 20.05
2018-06-30 199.97 6.71 20.47
2018-03-31 199.38 5.42 20.85
2017-12-31 198.78 4.12 21.23
2017-09-30 186.13 3.69 20.84
2017-06-30 173.47 3.25 20.45
2017-03-31 168.20 2.88 20.13
2016-12-31 162.93 2.51 19.81
2016-09-30 155.21 1.28 19.63
2016-06-30 147.48 0.05 19.46
2016-03-31 161.20 0.60 19.16
2015-12-31 174.91 1.15 18.85
2015-09-30 172.99 1.05 18.32
2015-06-30 171.08 0.96 17.79
2015-03-31 156.99 1.88 17.51
2014-12-31 142.90 2.80 17.23
2014-09-30 146.92 3.85 17.16
2014-06-30 150.94 4.90 17.09
2014-03-31 152.54 2.57 18.13
2013-12-31 152.33 0.32 19.00
2013-09-30 165.66 -3.30 20.80
2013-06-30 179.79 0.63 21.80
2013-03-31 187.82 1.84 22.22

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • EnviTec Biogas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • EnviTec Biogas used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • EnviTec Biogas has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess EnviTec Biogas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
EnviTec Biogas has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is EnviTec Biogas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up EnviTec Biogas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EnviTec Biogas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • EnviTec Biogas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of EnviTec Biogas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from EnviTec Biogas Company Filings, last reported 9 months ago.

DB:ETG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 149.04 54.07 28.09
2019-03-31 149.04 54.07 28.09
2018-12-31 144.56 60.28 12.72
2018-09-30 144.56 60.28 12.72
2018-06-30 156.00 70.69 28.92
2018-03-31 156.00 70.69 28.92
2017-12-31 153.23 79.28 14.87
2017-09-30 153.23 79.28 14.87
2017-06-30 149.37 78.30 18.94
2017-03-31 149.37 78.30 18.94
2016-12-31 157.33 75.16 16.50
2016-09-30 157.33 75.16 16.50
2016-06-30 155.53 70.17 19.83
2016-03-31 155.53 70.17 19.83
2015-12-31 168.22 75.11 19.28
2015-09-30 168.22 75.11 19.28
2015-06-30 168.66 76.40 14.07
2015-03-31 168.66 76.40 14.07
2014-12-31 172.91 92.05 20.13
2014-09-30 172.91 92.05 20.13
2014-06-30 173.58 98.48 51.10
2014-03-31 169.36 90.37 18.96
2013-12-31 169.36 90.37 18.96
2013-09-30 169.36 90.37 18.96
2013-06-30 168.01 107.79 73.36
2013-03-31 183.72 97.53 69.64
  • EnviTec Biogas's level of debt (36.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (56.7% vs 36.3% today).
  • Debt is well covered by operating cash flow (58.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.5x coverage).
X
Financial health checks
We assess EnviTec Biogas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. EnviTec Biogas has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is EnviTec Biogas's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.58%
Current annual income from EnviTec Biogas dividends.
If you bought €2,000 of EnviTec Biogas shares you are expected to receive €152 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • EnviTec Biogas's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • EnviTec Biogas's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ETG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ETG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-14 1.000 8.221
2018-05-15 1.000 12.041
2017-06-28 0.600 7.945
2016-06-28 0.800 10.091
2015-05-15 0.350 5.403
2010-11-17 0.000 0.000
2010-08-19 0.000 0.000
2010-05-27 0.000 0.000
2010-04-19 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EnviTec Biogas has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but EnviTec Biogas only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of EnviTec Biogas's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess EnviTec Biogas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can EnviTec Biogas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EnviTec Biogas has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of EnviTec Biogas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Olaf von Lehmden
COMPENSATION €189,940
AGE 50
TENURE AS CEO 12.7 years
CEO Bio

Mr. Olaf Von Lehmden co-founded EnviTec Biogas AG in 2002 and has been its Chief Executive Officer since July 1, 2007. Mr. Lehmden has been the Chairman of Executive Board of EnviTec Biogas AG since July 1, 2007. Mr. Lehmden serves as Member of Executive Board of EnviTec Biogas AG.

CEO Compensation
  • Olaf's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Olaf's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the EnviTec Biogas management team in years:

12.7
Average Tenure
50
Average Age
  • The average tenure for the EnviTec Biogas management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Olaf von Lehmden

TITLE
Co-Founder
COMPENSATION
€190K
AGE
50
TENURE
12.7 yrs

Jörg Fischer

TITLE
Finance Director
COMPENSATION
€187K
AGE
49
TENURE
12.7 yrs

Jurgen Tenbrink

TITLE
Technical Director
COMPENSATION
€175K
TENURE
9.7 yrs

Kunibert Ruhe

TITLE
Co-Founder & Consultant

Andreas Wilpsbaumer

TITLE
Head of Quality Assurance
AGE
57
Board of Directors

Tobias Schulz

TITLE
Chairman of the Supervisory Board
TENURE
2.8 yrs

Franz-Josef Holzenkamp

TITLE
Deputy Chairman of the Supervisory Board
AGE
59
TENURE
2.8 yrs

Michael Böging

TITLE
Member of Supervisory Board
COMPENSATION
€22K
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess EnviTec Biogas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. EnviTec Biogas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why Fundamental Investors Might Love EnviTec Biogas AG (FRA:ETG)

In the case of EnviTec Biogas AG (FRA:ETG), there's is a company with great financial health as well as a a strong track record of performance. … DB:ETG Income Statement, August 7th 2019 Next Steps: For EnviTec Biogas, there are three essential factors you should further examine: Future Outlook: What are well-informed industry analysts predicting for ETG’s future growth? … Take a look at our free research report of analyst consensus for ETG’s outlook.

Simply Wall St -

EnviTec Biogas AG (FRA:ETG) Is Yielding 9.0% - But Is It A Buy?

Today we'll take a closer look at EnviTec Biogas AG (FRA:ETG) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. If you are hoping to live on the income from dividends, it's important to be a lot more stringent with your investments than the average punter. With EnviTec Biogas yielding 9.0% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. It would not be a surprise to discover that many investors buy it for the dividends. Some simple analysis can reduce the risk of holding EnviTec Biogas for its dividend, and we'll focus on the most important aspects below. Click the interactive chart for our full dividend analysis DB:ETG Historical Dividend Yield, July 23rd 2019 Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. So we need to form a view on if a company's dividend is sustainable, relative to its net profit after tax. EnviTec Biogas paid out 247% of its profit as dividends, over the trailing twelve month period. Unless there are extenuating circumstances, from the perspective of an investor who hopes to own the company for many years, a payout ratio of above 100% is definitely a concern. In addition to comparing dividends against profits, we should inspect whether the company generated enough cash to pay its dividend. EnviTec Biogas paid out 59% of its cash flow as dividends last year, which is within a reasonable range for the average corporation. It's good to see that while EnviTec Biogas's dividends were not covered by profits, at least they are affordable from a cash perspective. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Extraordinarily few companies are capable of persistently paying a dividend that is greater than their profits. Is EnviTec Biogas's Balance Sheet Risky? As EnviTec Biogas's dividend was not well covered by earnings, we need to check its balance sheet for signs of financial distress. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Dividend Growth Potential Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see EnviTec Biogas has grown its earnings per share at 80% per annum over the past five years. Earnings per share have been growing very rapidly, although the company is also paying out virtually all of its profit in dividends. While EPS could grow fast enough to make the dividend sustainable, in this type of situation, we'd want to pay extra attention to any fragilities in the company's balance sheet. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Is EnviTec Biogas (FRA:ETG) A Risky Investment?

DB:ETG Historical Debt, July 9th 2019 How Strong Is EnviTec Biogas's Balance Sheet? … Since EnviTec Biogas does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … Our View Happily, EnviTec Biogas's impressive conversion of EBIT to free cash flow implies it has the upper hand on its debt.

Simply Wall St -

EnviTec Biogas AG (FRA:ETG) Delivered A Weaker ROE Than Its Industry

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for EnviTec Biogas: 4.7% = €6.0m ÷ €145m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does EnviTec Biogas Have A Good ROE? … Combining EnviTec Biogas's Debt And Its 4.7% Return On Equity While EnviTec Biogas does have some debt, with debt to equity of just 0.42, we wouldn't say debt is excessive.

Simply Wall St -

How Much is EnviTec Biogas AG's (FRA:ETG) CEO Getting Paid?

See our latest analysis for EnviTec Biogas How Does Olaf von Lehmden's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Olaf von Lehmden is paid less than the average total compensation paid by similar sized companies. … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at EnviTec Biogas.

Simply Wall St -

EnviTec Biogas AG (FRA:ETG) Might Not Be A Great Investment

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for EnviTec Biogas: 0.049 = €9.9m ÷ (€252m - €48m) (Based on the trailing twelve months to December 2018.) Therefore, EnviTec Biogas has an ROCE of 4.9%. … Do EnviTec Biogas's Current Liabilities Skew Its ROCE? … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

EnviTec Biogas (FRA:ETG) Shareholders Booked A 52% Gain In The Last Five Years

For example, long term EnviTec Biogas AG (FRA:ETG) shareholders have enjoyed a 52% share price rise over the last half decade, well in excess of the market return of around 6.6% (not including dividends). … During five years of share price growth, EnviTec Biogas achieved compound earnings per share (EPS) growth of 80% per year. … We note that for EnviTec Biogas the TSR over the last 5 years was 114%, which is better than the share price return mentioned above.

Simply Wall St -

Do EnviTec Biogas's (FRA:ETG) Earnings Warrant Your Attention?

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in EnviTec Biogas (FRA:ETG). … View our latest analysis for EnviTec Biogas EnviTec Biogas's Improving Profits Over the last three years, EnviTec Biogas has grown earnings per share (EPS) like bamboo after rain; fast, and from a low base. … I discovered that the median total compensation for the CEOs of companies like EnviTec Biogas with market caps between €89m and €356m is about €597k.

Simply Wall St -

Calculating The Fair Value Of EnviTec Biogas AG (FRA:ETG)

by taking the expected future cash flows and discounting them to their present value. … This is done using the Discounted Cash Flow (DCF) model! … We generally believe that a company's value is the present value of all of the cash it will generate in the future.

Simply Wall St -

How EnviTec Biogas AG (FRA:ETG) Could Add Value To Your Portfolio

EnviTec Biogas AG (FRA:ETG) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … is a company with great financial health as well as a.

Simply Wall St -

Company Info

Description

EnviTec Biogas AG provides various services to biogas plants in Europe, Asia, and North America. The company offers biogas plant related services, such as planning, turnkey construction, permission, realization, commissioning, repowering, biological and technical, insurance, plant management, raw material purchase, and logistic services. It also invests in and operates biogas plants. The company was founded in 2002 and is based in Lohne, Germany.

Details
Name: EnviTec Biogas AG
ETG
Exchange: DB
Founded: 2002
€196,020,000
14,850,000
Website: http://www.envitec-biogas.de
Address: EnviTec Biogas AG
Industriering 10a,
Lohne,
North Rhine-Westphalia, 49393,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA ETG Bearer Shares XETRA Trading Platform DE EUR 12. Jul 2007
DB ETG Bearer Shares Deutsche Boerse AG DE EUR 12. Jul 2007
Number of employees
Current staff
Staff numbers
428
EnviTec Biogas employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:33
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2019/09/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.