Financials 2G Energy AG

Equities

Market Closed - Xetra Other stock markets 11:36:12 2024-04-26 am EDT			5-day change	1st Jan Change
25.2 ^EUR	+2.44%		+10.53%	+11.01%

Apr. 18	2G Energy AG Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	2G Energy AG Reports Earnings Results for the Half Year Ended June 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	198.9	397.8	462.9	420.7	407.2	452.1	-	-
Enterprise Value (EV) ¹	198.8	392.2	448.2	413.5	403	435.2	422.6	406.1
P/E ratio	19.3 x	33.3 x	36.6 x	25.8 x	22.7 x	18.7 x	14.8 x	12.2 x
Yield	1%	0.5%	0.48%	0.6%	0.75%	0.79%	1.21%	1.75%
Capitalization / Revenue	0.84 x	1.61 x	1.74 x	1.35 x	1.12 x	1.14 x	1 x	0.89 x
EV / Revenue	0.84 x	1.59 x	1.68 x	1.32 x	1.1 x	1.1 x	0.94 x	0.8 x
EV / EBITDA	10.4 x	19.5 x	20.5 x	15.5 x	11.7 x	10.4 x	8.02 x	6.62 x
EV / FCF	-76.5 x	52.8 x	92.7 x	-94.2 x	113 x	23.9 x	21.9 x	14.1 x
FCF Yield	-1.31%	1.89%	1.08%	-1.06%	0.88%	4.18%	4.56%	7.12%
Price to Book	2.9 x	5.08 x	4.89 x	3.87 x	3.28 x	3.07 x	2.61 x	2.15 x
Nbr of stocks (in thousands)	17,720	17,720	17,940	17,940	17,940	17,940	-	-
Reference price ²	11.22	22.45	25.80	23.45	22.70	25.20	25.20	25.20
Announcement Date	4/2/20	4/29/21	4/21/22	4/27/23	4/18/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	236.4	246.7	266.3	312.6	365.1	395.6	450	508.4
EBITDA ¹	19.17	20.11	21.87	26.63	34.3	41.66	52.68	61.3
EBIT ¹	15.5	16.45	17.93	21.96	27.64	35.63	44.91	53.1
Operating Margin	6.56%	6.67%	6.73%	7.02%	7.57%	9.01%	9.98%	10.44%
Earnings before Tax (EBT) ¹	15.28	16.48	17.84	23.6	18.19	37.2	44.67	53.5
Net income ¹	10.3	11.97	12.61	16.39	17.95	24.15	30.59	37.05
Net margin	4.36%	4.85%	4.73%	5.24%	4.92%	6.1%	6.8%	7.29%
EPS ²	0.5825	0.6750	0.7050	0.9100	1.000	1.346	1.704	2.070
Free Cash Flow ¹	-2.599	7.425	4.834	-4.388	3.565	18.2	19.28	28.9
FCF margin	-1.1%	3.01%	1.81%	-1.4%	0.98%	4.6%	4.28%	5.68%
FCF Conversion (EBITDA)	-	36.92%	22.1%	-	10.39%	43.69%	36.6%	47.15%
FCF Conversion (Net income)	-	62.02%	38.35%	-	19.86%	75.38%	63.02%	78%
Dividend per Share ²	0.1125	0.1125	0.1250	0.1400	0.1700	0.2000	0.3050	0.4400
Announcement Date	4/2/20	4/29/21	4/21/22	4/27/23	4/18/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	0.15	5.57	14.6	7.15	4.26	16.9	29.4	46
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-2.6	7.42	4.83	-4.39	3.57	18.2	19.3	28.9
ROE (net income / shareholders' equity)	15%	15.3%	13.4%	15.1%	14.5%	19.2%	19%	19.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	3.870	4.420	5.270	6.060	6.910	8.200	9.650	11.70
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	4.52	2.36	4.03	9.37	8.16	6.95	8.78	9
Capex / Sales	1.91%	0.96%	1.51%	3%	2.23%	1.76%	1.95%	1.77%
Announcement Date	4/2/20	4/29/21	4/21/22	4/27/23	4/18/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

25.2 EUR

Average target price

35.67 EUR

Spread / Average Target

+41.53%

	1st Jan change	Capi.
2G ENERGY AG	+11.01%	483M
DONGFANG ELECTRIC CORPORATION LIMITED	+50.70%	7.02B
XIANGTAN ELECTRIC MANUFACTURING CO. LTD.	-18.64%	2.36B
HARBIN ELECTRIC CORPORATION JIAMUSI ELECTRIC MACHINE CO.,LTD	+17.14%	989M
EUROGROUP LAMINATIONS S.P.A.	+4.89%	708M
SEC ELECTRIC MACHINERY CO., LTD.	-12.66%	322M
SHANGHAI COOLTECH POWER CO., LTD.	-22.43%	273M
VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED	-22.39%	222M
GNCENERGY CO., LTD	+81.67%	83.47M