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Ernst Russ AG
(XETRA:ERAG)
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Rating:83Outperform
Price Target:
€10.50
▲(24.41% Upside)
Action:Reiterated
Date:09/12/26
The score is driven primarily by strong financial performance—especially a very conservative balance sheet and strong recent profitability—alongside attractive valuation (low P/E and a dividend). Technicals are supportive due to a strong uptrend, but overbought momentum readings (RSI/Stoch) temper the score.
Positive Factors
Conservative Balance Sheet
Near-zero leverage and a growing equity base give Ernst Russ substantial financial resilience. This structure reduces interest burden and refinancing pressure, preserves capacity to fund vessel operations or investments, and provides greater flexibility if shipping conditions weaken.
Negative Factors
Revenue Volatility
Uneven revenue performance shows that Ernst Russ remains exposed to changing shipping activity and vessel-market conditions. A modest recovery after a prior decline makes future earnings less predictable and can complicate fleet planning, investment decisions, and sustainable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Near-zero leverage and a growing equity base give Ernst Russ substantial financial resilience. This structure reduces interest burden and refinancing pressure, preserves capacity to fund vessel operations or investments, and provides greater flexibility if shipping conditions weaken.
Read all positive factors
Ernst Russ AG (ERAG) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€301.18M
Dividend Yield2.82%
Average Volume (3M)10.92K
Price to Earnings (P/E)5.1
Beta (1Y)0.48
Revenue Growth-8.98%
EPS Growth72.45%
CountryDE
Employees47
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)1.76
Shares Outstanding33,689,312
10 Day Avg. Volume5,538
30 Day Avg. Volume10,921
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.94
Price to Sales (P/S)1.44
P/FCF Ratio5.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.2
Revenue Forecast (FY)€156.93M
Ernst Russ AG Business Overview & Revenue Model
Company Description
Ernst Russ AG is a publicly listed asset manager that strategically allocates capital across a diverse range of investment classes. Its primary areas of focus include maritime shipping, various alternative investments, real estate, private equity,...
How the Company Makes Money
Ernst Russ AG makes money primarily through (1) earnings generated by vessels it owns and (2) fees earned for managing vessels for itself and external ship owners.
1) Vessel ownership / ship investment income: ERAG participates as an owner (or co...
Ernst Russ AG Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 162.37M | 163.08M | 172.72M | 202.67M | 191.74M | 92.28M |
| Gross Profit | 48.30M | 30.66M | 53.67M | 72.27M | 64.91M | 28.78M |
| EBITDA | 100.59M | 126.67M | 79.53M | 101.24M | 94.89M | 38.92M |
| Net Income | 58.82M | 73.48M | 42.47M | 55.08M | 47.27M | 15.78M |
Balance Sheet | ||||||
| Total Assets | 417.44M | 370.12M | 355.01M | 340.27M | 283.28M | 263.70M |
| Cash, Cash Equivalents and Short-Term Investments | 117.69M | 114.35M | 110.67M | 67.30M | 57.75M | 26.36M |
| Total Debt | 1.76M | 1.86M | 2.07M | 2.27M | 3.26M | 79.11M |
| Total Liabilities | 111.25M | 77.31M | 88.63M | 80.18M | 75.78M | 120.88M |
| Stockholders Equity | 260.11M | 248.26M | 180.85M | 170.68M | 118.02M | 72.15M |
Cash Flow | ||||||
| Free Cash Flow | -10.54M | 44.71M | 94.57M | -7.93M | 64.76M | 36.27M |
| Operating Cash Flow | 78.83M | 90.42M | 98.47M | 90.18M | 98.75M | 39.72M |
| Investing Cash Flow | -70.40M | 19.54M | 6.51M | -71.82M | 12.60M | -27.54M |
| Financing Cash Flow | -4.47M | -95.12M | -66.21M | -7.30M | -80.64M | 6.41M |
Ernst Russ AG Technical Analysis
Neutral
8.44
Price Trends
9.15
Negative
8.51
Positive
8.02
Positive
Market Momentum
-0.09
Positive
34.10
Neutral
14.31
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:ERAG, the sentiment is Neutral. The current price of 8.44 is below the 20-day moving average (MA) of 9.50, below the 50-day MA of 9.15, and above the 200-day MA of 8.02, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 34.10 is Neutral, neither overbought nor oversold. The STOCH value of 14.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:ERAG.
Ernst Russ AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | €301.18M | 5.13 | 23.62% | 2.82% | -8.98% | 72.45% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | €22.57B | 377.65 | 0.32% | 2.34% | -9.12% | -97.55% | |
45 Neutral | €2.43B | -54.25 | -1.73% | 0.47% | 3.49% | -127.01% |
* Industrials Sector Average
DE:ERAG
Ernst Russ AG
8.94
2.24
33.41%
DE:HHFA
Hamburger Hafen und Logistik
21.50
0.40
1.90%
DE:HLAG
Hapag Lloyd
128.40
10.86
9.24%
DE:EUK2
EUROKAI KGaA
57.00
12.36
27.69%
DE:NEP
SLOMAN NEPTUN Schiffahrts-Aktiengesellschaft
61.00
3.95
6.93%
DE:HHX
HAMMONIA Schiffsholding AG
380.00
110.00
40.74%
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.