EQS-News: Energy S.p.a.: GBC Research initiates coverage with buy recommendation and target price of EUR 2.75
EQS-News: Energy S.p.A.
/ Key word(s): Research Update
Energy S.p.a.: GBC Research initiates coverage with buy recommendation and target price of EUR 2.75 Strong market position in the field of Battery Energy Storage Systems (BESS) on the Italian domestic market. Sant'Angelo di Piove di Sacco (Padua, Italien), April 18, 2024 – GBC Research has added Energy S.p.a. (ISIN IT0005500712, ticker ENY) to its coverage. Based on the detailed initial study, the analysts recommend buying the shares of the specialist for Battery Energy Storage Systems. The target price is EUR 2.75. The Energy share is currently trading at around EUR 1.35. From the analysts' perspective, Energy is a beneficiary of the booming demand for renewable energies and the associated grid services. Energy is contributing to the green transformation in the European energy sector with fully integrated Battery Energy Storage Systems, which are often used in the context of renewable energies. Due to the boom in energy production from solar, wind and other sources, almost 44% of the Eurozone's energy mix is now covered by renewable sources (source: Ember think tank). This also increases the need for efficient storage systems. The strong market position in the Italian domestic market provides a good basis for driving forward internationalization in the coming years. In GBC's view, this should also become the driver for Energy's sales and earnings growth in the coming years. After sales of EUR 63.33 million and EBITDA of EUR 10.12 million in 2023, the analysts expect significant increases in the coming years. In 2026, Energy is expected to generate sales of EUR 83.46 million and EBITDA of EUR 14.70 million. In addition to the export business with a focus on Europe, the expansion of the product portfolio to include large and extra-large Battery Energy Storage Systems (XL product line) should also contribute to growth. *** Energy S.p.A., founded in 2013 by Davide Tinazzi, Andrea Taffurelli and Massimiliano Ghirlanda and listed since 1 August 2022 on the Euronext Growth Milan market of the Italian Stock Exchange, is a company with operational headquarters in the province of Padua, Italy, and an industry leader in offering energy storage systems for both residential and large-scale applications. These systems allow energy to be stored and released according to customers' energy needs. To date, there are more than 60,000 systems sold by Energy and already installed in Italy, dedicated to the residential, commercial, industrial, utilities and electric mobility markets. As of 31 December 2023, revenues amounted to EUR 63.3 million and net profit to EUR 5.6 million. Among the most important projects realised are the large plant in Comiso, Sicily, consisting of an agri-voltaic plant and a photovoltaic field; the large plant dedicated to the CAAB in Bologna; Smart Grids at numerous municipalities in Sardinia and Lombardy; and a Condominium Energy Community in Switzerland where individual hubs exchange energy according to need. Energy's sales channels include both generalist distributors of electrical equipment and photovoltaic specialists, and the company also works with large European EPCs. The proximity of Energy's logistics to the headquarters of major distributors has led the company to have strong partnerships with Italian and European market players. The company purchases components from major international suppliers and combines them with proprietary software called 'ZeroCO2' into systems that comply with EU standards. https://www.energysynt.com/en Contacts Company IR & Corporate Media Relations Advisors International Mara Di Giorgio Federico Bagatella Chiara Bortolato Giorgia Fenaroli
18.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Energy S.p.A. |
Piazza Manifattura 1 | |
38068 Rovereto TN | |
Italy | |
Phone: | +39 049 270 1296 |
Internet: | https://www.energysynt.com/ |
ISIN: | IT0005500712 |
WKN: | A3DRZU |
Listed: | Regulated Unofficial Market in Frankfurt, Munich, Stuttgart |
EQS News ID: | 1883233 |
End of News | EQS News Service |
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1883233 18.04.2024 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 | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Sales1 | 0,00 | 12,49 | 20,30 | 51,51 | 126,45 | 63,33 | 65,00 | |
EBITDA1,2 | 0,00 | 1,25 | 2,09 | 10,43 | 32,17 | 10,12 | 9,50 | |
EBITDA-Margin3 | 0,00 | 10,01 | 10,30 | 20,25 | 25,44 | 15,98 | 14,62 | |
EBIT1,4 | 0,00 | 1,05 | 1,84 | 10,13 | 31,58 | 8,89 | 8,10 | |
EBIT-Margin5 | 0,00 | 8,41 | 9,06 | 19,67 | 24,97 | 14,04 | 12,46 | |
Net Profit (Loss)1 | 0,00 | 0,69 | 1,34 | 7,37 | 22,61 | 5,61 | 4,80 | |
Net-Margin6 | 0,00 | 5,52 | 6,60 | 14,31 | 17,88 | 8,86 | 7,39 | |
Cashflow1,7 | 0,00 | 0,98 | -1,70 | 0,91 | -26,60 | 16,74 | 0,00 | |
Earnings per share8 | 0,00 | 0,01 | 0,02 | 0,12 | 0,37 | 0,09 | -0,10 | |
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: KPMG
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INVESTOR-INFORMATION | ||||||
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Energy | ||||||
WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
A3DRZU | IT0005500712 | S.p.A | 48,46 Mio € | 01.08.2022 | 8FQHV2MC+9J |
PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
15,76 | 6,49 | 2,43 | 6,57 | 0,74 | 2,89 | 0,77 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
0,00 | 0,00 | 0,00 | 0,00% |
Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
24.04.2024 | 27.09.2024 | 09.04.2024 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
+2,79% | -31,91% | -73,73% | -73,73% | -67,17% |
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