Original-Research: Daldrup & Söhne AG (von Quirin Privatbank Kapitalmarktgeschäft): Buy
|
Original-Research: Daldrup & Söhne AG - from Quirin Privatbank Kapitalmarktgeschäft
Classification of Quirin Privatbank Kapitalmarktgeschäft to Daldrup & Söhne AG
Daldrup wins tender for major geothermal energy contract The success story continues: Daldrup & Söhne has won the EU-wide tender issued by Innovative Energie für Pullach GmbH (IEP GmbH)) for the drilling of seven geothermal wells. The go-ahead will be given when the planned exploration insurance in the KfW Program 572 comes into force; it will take place with the adoption of the federal budget at the end of September, but does not depend on it. As general contractor, Daldrup will drill the boreholes for the extraction of geothermal energy from the Malm deposit (Upper Jurassic) at the Pullach Süd and Baierbrunn sites over a period of around two and a half years from December 2025. Depending on the results, Daldrup will drill up to three more wells. This is the largest single project in the company's history. The anticipated contract value will be in the upper double-digit EUR million range. Daldrup expects drilling lengths of between 4,000 m and 5,100 m. The project was put out to tender throughout Europe; Daldrup presented the best concept, and factors such as technology, experience, price and reference projects were taken into account in the decision-making process by IEP GmbH. The company can use its existing drilling rigs to fulfill the Pullach order. In the event of further orders, Daldrup could a) enter into strategic partnerships to utilize third-party drilling capacities or b), lease and/or purchase equipment from the rig producer directly. We have significantly raised our estimates (total output and EBIT) for the years 2026, 2027 and 2028 and increased our DCF-based target price from EUR 18.00 to EUR 20.00. The recommendation remains Buy. The Pullach order is another flagship project that underlines Daldrup's expertise in geothermal energy, and other municipalities could follow suit. You can download the research here: DALDRUP20250728 For additional information visit our website: https://research.quirinprivatbank.de/ Contact for questions: Quirin Privatbank AG Institutionelles Research Schillerstraße 20 60313 Frankfurt am Main research@quirinprivatbank.de https://research.quirinprivatbank.de/
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
||||||||||||||||||
2175584 28.07.2025 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 | 24,77 | 28,19 | 78,06 | 38,18 | 49,12 | 54,11 | 52,00 | |
| EBITDA1,2 | -7,87 | 4,20 | 3,95 | 4,25 | 4,94 | 8,52 | 7,40 | |
| EBITDA-Margin3 | -31,77 | 14,90 | 5,06 | 11,13 | 10,06 | 15,75 | 14,23 | |
| EBIT1,4 | -10,79 | 1,89 | 1,54 | 1,84 | 2,59 | 6,94 | 5,30 | |
| EBIT-Margin5 | -43,56 | 6,71 | 1,97 | 4,82 | 5,27 | 12,83 | 10,19 | |
| Net Profit (Loss)1 | -12,33 | -5,20 | 0,78 | 0,85 | 0,89 | 2,49 | 3,70 | |
| Net-Margin6 | -49,78 | -18,45 | 1,00 | 2,23 | 1,81 | 4,60 | 7,12 | |
| Cashflow1,7 | 4,06 | -1,62 | -0,41 | 1,65 | 4,37 | 12,13 | 5,40 | |
| Earnings per share8 | -2,06 | -0,87 | 0,13 | 0,14 | 0,15 | 0,42 | 0,60 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,15 | 0,15 | |
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: Grant Thornton
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 | ||||||
| Daldrup & Söhne | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 783057 | DE0007830572 | AG | 112,90 Mio € | 30.11.2007 | Kaufen | 8FWH2HMM+87 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 25,82 | 30,82 | 0,84 | -41,34 | 4,54 | 9,31 | 2,09 |
|
Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 0,00 | 0,15 | 0,15 | 0,77% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 28.08.2025 | 30.09.2025 | 02.06.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +21,44% | +48,73% | +112,88% | +119,10% | +44,44% |
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.
Contact
