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2G Energy AG
(XETRA:2GB)
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Rating:55Neutral
Price Target:
€62.00
â–²(13.45% Upside)
Action:Reiterated
Date:09/30/26
The score is held back primarily by weak cash conversion in the latest year and margin compression, despite a conservatively financed balance sheet. Technicals are moderately supportive with neutral-to-positive momentum, but valuation is a clear headwind due to the high P/E and low dividend yield.
Positive Factors
Conservative Balance Sheet
Low leverage and substantial equity growth provide financial resilience and preserve flexibility for investment, customer projects, and product development. This conservative funding profile can help 2G absorb operational volatility while supporting expansion without relying heavily on external financing.
Negative Factors
Weak Cash Conversion
The sharp 2025 swing into negative operating and free cash flow makes internally generated funding less predictable. Persistent cash-conversion volatility can increase reliance on working-capital management or external funding and may constrain the timing of growth investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and substantial equity growth provide financial resilience and preserve flexibility for investment, customer projects, and product development. This conservative funding profile can help 2G absorb operational volatility while supporting expansion without relying heavily on external financing.
Read all positive factors
2G Energy AG (2GB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€1.06B
Dividend Yield0.34%
Average Volume (3M)43.62K
Price to Earnings (P/E)65.9
Beta (1Y)1.32
Revenue Growth6.07%
EPS Growth-29.14%
CountryDE
Employees1,083
SectorUtilities
Sector Strength65
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.94
Shares Outstanding17,940,000
10 Day Avg. Volume65,995
30 Day Avg. Volume43,615
Financial Highlights & Ratios
PEG Ratio-1.28
Price to Book (P/B)4.05
Price to Sales (P/S)1.59
P/FCF Ratio-13.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€83.50Price Target Upside52.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.79
Revenue Forecast (FY)€486.50M
2G Energy AG Business Overview & Revenue Model
Company Description
2G Energy AG, together with its subsidiaries, manufactures and provides decentralized energy supply systems in Germany and internationally. The company offers g-box, a natural gas combined heat and power (CHP) unit with an electrical output range ...
How the Company Makes Money
2G Energy AG primarily earns revenue from (1) selling and installing CHP systems and related equipment, and (2) providing recurring, higher-margin service and maintenance over the operational life of those systems. Product and project revenue is g...
2G Energy AG Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 398.40M | 375.61M | 365.06M | 312.63M | 266.35M |
| Gross Profit | 69.40M | 147.30M | 132.52M | 114.71M | 97.66M |
| EBITDA | 36.70M | 41.50M | 34.43M | 28.60M | 19.59M |
| Net Income | 16.77M | 23.66M | 17.95M | 16.39M | 12.61M |
Balance Sheet | |||||
| Total Assets | 306.67M | 278.47M | 227.45M | 211.59M | 169.70M |
| Cash, Cash Equivalents and Short-Term Investments | 14.03M | 49.97M | 12.57M | 13.48M | 19.93M |
| Total Debt | 24.22M | 6.90M | 8.31M | 6.33M | 5.32M |
| Total Liabilities | 150.25M | 132.28M | 103.46M | 102.98M | 75.16M |
| Stockholders Equity | 156.34M | 146.18M | 123.99M | 108.65M | 94.56M |
Cash Flow | |||||
| Free Cash Flow | -47.89M | 39.77M | 3.57M | -4.39M | 4.01M |
| Operating Cash Flow | -39.22M | 53.35M | 11.72M | 4.98M | 8.86M |
| Investing Cash Flow | -9.17M | -11.54M | -11.44M | -9.75M | -1.86M |
| Financing Cash Flow | -447.73K | -5.40M | -1.21M | -1.62M | 1.62M |
2G Energy AG Technical Analysis
Positive
54.65
Price Trends
57.31
Positive
60.89
Positive
50.00
Positive
Market Momentum
0.91
Negative
55.48
Neutral
39.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:2GB, the sentiment is Positive. The current price of 54.65 is below the 20-day moving average (MA) of 57.99, below the 50-day MA of 57.31, and above the 200-day MA of 50.00, indicating a bullish trend. The MACD of 0.91 indicates Negative momentum. The RSI at 55.48 is Neutral, neither overbought nor oversold. The STOCH value of 39.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:2GB.
2G Energy AG Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
* Utilities Sector Average
Performance Comparison
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.