Original-Research: ABO Energy KGaA (von First Berlin Equity Research GmbH): Buy
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Original-Research: ABO Energy KGaA - von First Berlin Equity Research GmbH
Einstufung von First Berlin Equity Research GmbH zu ABO Energy KGaA
First Berlin Equity Research hat ein Research Update zu ABO Energy KGaA (ISIN: DE0005760029) veröffentlicht. Analyst Dr. Karsten von Blumenthal bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 97,00. Zusammenfassung: ABO Energy hat in H1 einen Nettogewinn von €9,6 Mio. erwirtschaftet. Damit liegt das Unternehmen zwar 16% unter dem Vorjahreswert, allerdings sollten ein starkes Projektgeschäft in H2 und Kostensenkungen aufgrund bereits vorgenommener strategischer Anpassungen dazu führen, dass der H2-Nettogewinn deutlich höher ausfällt. Besonders im dynamisch wachsenden deutschen Markt verfügt ABO Energy über eine qualitativ sehr hochwertige Projektpipeline mit 514 MW in der Bauphase und 829 MW an genehmigten Projekten. Das Management hat die Nettoergebnis-Guidance für 2025 von €29 Mio. bis €39 Mio. bestätigt. Wir halten an unserer Jahresnettoergebnisschätzung von knapp €32 Mio. fest. Ein aktualisiertes DCF-Modell ergibt weiterhin ein Kursziel von €97. Wir bestätigen unsere Kaufempfehlung (Kurspotenzial: >170%). First Berlin Equity Research has published a research update on ABO Energy KGaA (ISIN: DE0005760029). Analyst Dr. Karsten von Blumenthal reiterated his BUY rating and maintained his EUR 97.00 price target. Abstract: ABO Energy generated a net profit of €9.6m in H1. This is 16% below the previous year's figure, but strong project business in H2 and cost reductions resulting from strategic adjustments already made should lead to a significantly higher net profit in H2. ABO Energy has a very high quality project pipeline, particularly in the dynamically growing German market, with 514 MW in the construction phase and 829 MW in approved projects. Management has confirmed 2025 net income guidance of €29m to €39m. We are sticking to our annual net income forecast of almost €32m. An updated DCF model yields an unchanged €97 price target. We confirm our Buy recommendation (upside: >170%). Bezüglich der Pflichtangaben gem. §85 Abs. 1 S. 1 WpHG und des Haftungsausschlusses siehe die vollständige Analyse. Die vollständige Analyse können Sie hier downloaden: AB9_GR-2025-09-08_DE Kontakt für Rückfragen: First Berlin Equity Research GmbH Herr Gaurav Tiwari Tel.: +49 (0)30 809 39 686 web: www.firstberlin.com E-Mail: g.tiwari@firstberlin.com
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2194282 08.09.2025 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 126,27 | 149,16 | 127,11 | 231,66 | 299,69 | 446,37 | 240,00 | |
| EBITDA1,2 | 27,70 | 34,51 | 30,52 | 65,99 | 59,34 | 65,55 | 0,00 | |
| EBITDA-Margin3 | 21,94 | 23,14 | 24,01 | 28,49 | 19,80 | 14,69 | 0,00 | |
| EBIT1,4 | 19,72 | 22,20 | 28,59 | 43,10 | 42,64 | 45,32 | 0,00 | |
| EBIT-Margin5 | 15,62 | 14,88 | 22,49 | 18,61 | 14,23 | 10,15 | 0,00 | |
| Net Profit (Loss)1 | 11,41 | 13,12 | 13,80 | 24,59 | 27,22 | 25,60 | -95,00 | |
| Net-Margin6 | 9,04 | 8,80 | 10,86 | 10,62 | 9,08 | 5,74 | -39,58 | |
| Cashflow1,7 | -21,80 | 42,47 | -50,74 | -13,85 | -62,99 | -3,32 | 0,00 | |
| Earnings per share8 | 1,34 | 1,42 | 1,50 | 2,67 | 2,96 | 2,78 | -10,00 | |
| Dividend per share8 | 0,42 | 0,45 | 0,49 | 0,54 | 0,60 | 0,65 | 0,65 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Rödl & Partner
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
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| ABO Energy | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 576002 | DE0005760029 | GmbH & Co. KGaA | 112,50 Mio € | 24.09.2012 | Halten | 9F2C36W7+8X |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 6,78 | 17,17 | 0,39 | 5,43 | 1,08 | -33,92 | 0,25 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 0,60 | 0,65 | 0,65 | 5,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 27.05.2025 | 02.09.2025 | 31.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -61,41% | -66,64% | -63,99% | -61,88% | +37,57% |
Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.
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