Original-Research: SFC Energy AG (von First Berlin Equity Research GmbH): Buy
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Original-Research: SFC Energy AG - from First Berlin Equity Research GmbH
Classification of First Berlin Equity Research GmbH to SFC Energy AG
First Berlin Equity Research hat ein Research Update zu SFC Energy AG (ISIN: DE0007568578) veröffentlicht. Analyst Dr. Karsten von Blumenthal bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 31,00. Zusammenfassung: SFC Energy hat Q1-Zahlen veröffentlicht und eine Telefonkonferenz abgehalten. Die Q1-Zahlen lagen unter den Vorjahreszahlen, die durch die Auslieferung eines Großauftrags (€10 Mio.) nach Indien positiv beeinflusst wurden, waren aber etwas besser als von uns erwartet. Q1/25 war das zweitbeste Q1 in der Geschichte von SFC. Obwohl das Unternehmen in den letzten Monaten darauf hingewiesen hatte, dass Q1/24 ein ungewöhnlich starkes erstes Quartal war, wurden die Anleger von den schwächeren Q1/25-Zahlen überrascht, und der Aktienkurs brach ein. In der Telefonkonferenz verwies das Management auf deutliche Wachstumsimpulse durch das neu erworbene Wasserstoff-Brennstoffzellengeschäft in Skandinavien und ein substanzielles Folgegeschäft in den Bereichen Verteidigung und öffentliche Sicherheit. SFC bestätigte die Guidance für 2025, und wir sehen das Unternehmen auf einem guten Weg, starkes Wachstum bei hohen Margen zu erzielen. Ein aktualisiertes DCF-Modell führt zu einem unveränderten Kursziel von €31. Wir bestätigen unsere Kaufempfehlung. Aufwärtspotenzial: 47%. First Berlin Equity Research has published a research update on SFC Energy AG (ISIN: DE0007568578). Analyst Dr. Karsten von Blumenthal reiterated his BUY rating and maintained his EUR 31.00 price target. Abstract: SFC Energy has reported Q1 figures and held a conference call. Q1 figures were slightly better than we expected but below the prior year numbers, which were positively affected by the shipment of a large order (€10m) to India. Q1/25 was the second best Q1 in the history of SFC. Although the company hinted in recent months that Q1/24 was an unusually strong first quarter, investors were surprised by the weaker Q1/25 figures, and the share price took a dive. On the conference call, management pointed to significant impetus for growth to emerge from the newly acquired hydrogen fuel cell business in Scandinavia and substantial follow-up business in the defence and public security sectors. SFC confirmed 2025 guidance, and we see the company on track to deliver strong growth at high margins. An updated DCF model yields an unchanged €31 price target. We confirm our Buy recommendation. Upside: 47%. Bezüglich der Pflichtangaben gem. §85 Abs. 1 S. 1 WpHG und des Haftungsausschlusses siehe die vollständige Analyse. You can download the research here: http://www.more-ir.de/d/32718.pdf Contact for questions: 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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2145576 26.05.2025 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 | 58,54 | 53,22 | 64,32 | 85,23 | 118,15 | 144,75 | 148,00 | |
| EBITDA1,2 | 1,70 | -0,99 | -0,80 | 8,59 | 14,62 | 20,19 | 10,00 | |
| EBITDA-Margin3 | 2,90 | -1,86 | -1,24 | 10,08 | 12,37 | 13,95 | 6,76 | |
| EBIT1,4 | -1,29 | -4,50 | -5,11 | 3,60 | 9,16 | 13,74 | 2,00 | |
| EBIT-Margin5 | -2,20 | -8,46 | -7,95 | 4,22 | 7,75 | 9,49 | 1,35 | |
| Net Profit (Loss)1 | -1,93 | -5,18 | -5,83 | 2,02 | 21,06 | 9,36 | -1,10 | |
| Net-Margin6 | -3,30 | -9,73 | -9,06 | 2,37 | 17,83 | 6,47 | -0,74 | |
| Cashflow1,7 | -1,26 | -0,60 | 1,08 | -4,76 | 3,58 | 14,46 | 6,00 | |
| Earnings per share8 | -0,17 | -0,39 | -0,40 | 0,07 | 1,18 | 0,54 | -0,06 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
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: PricewaterhouseCoopers
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 | ||||||
| ©boersengefluester.de | ||||||
| SFC Energy | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 756857 | DE0007568578 | AG | 214,14 Mio € | 25.05.2007 | Kaufen | 8FWH2MR8+63 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 28,00 | 24,20 | 1,16 | 154,00 | 1,56 | 14,81 | 1,48 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 21.05.2026 | 19.05.2026 | 25.08.2026 | 18.11.2025 | 26.03.2026 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -21,08% | -36,04% | -27,67% | -27,25% | -66,38% |
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