EnviTec Biogas AG (ETG) AI Stock Analysis

9 Followers

EnviTec Biogas AG

(XETRA:ETG)

Select Model

Rating:54Neutral

Price Target:EUR 17.50▲(3.55% Upside)

Action:reiterated

Date:10/13/26

The overall score of 54 reflects a company in transition with moderate risk. The most significant factor is the mixed financial performance, where declining revenue and compressed margins are offset by a solid balance sheet and a return to positive operating cash flow. Technicals suggest a potential short-term bounce within a longer-term downtrend, while the valuation is fair but not compelling. The lack of earnings call guidance adds uncertainty.

Positive Factors

Diversified Revenue ModelThe combination of project revenue, recurring maintenance and biological services, and income from owned facilities gives ETG several earnings channels. This diversification can reduce reliance on any single activity and provide a more balanced foundation for recovery when construction demand fluctuates.

Negative Factors

Falling Revenue and EarningsThe decline in both revenue and net income since the 2023 peak signals weaker current business momentum and makes future profitability less predictable. Sustained contraction would reduce internal funding capacity, limit operating leverage, and make it harder to preserve historically strong returns.

EnviTec Biogas AG (ETG) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 250.97M
Dividend Yield: 2.96%
Average Volume (3M): 2,228
Price to Earnings (P/E): 22.5
Beta (1Y): 0.17
Revenue Growth: 8.74%
EPS Growth: -20.25%
Country: Germany
Employees: 735
Sector: Utilities
Sector Strength: 66
Industry: Renewable Utilities

EnviTec Biogas AG Business Overview & Revenue Model

Company Description

EnviTec Biogas AG is actively involved in the development and operation of biogas and biomethane facilities across numerous international markets, including Germany, Italy, the United Kingdom, Czechia, France, Denmark, the United States, China, and G...

How the Company Makes Money

ETG makes money through a mix of project-based and recurring revenues across its main activities. (1) Plant engineering, procurement, and construction (EPC): ETG earns revenue from planning and building biogas/biomethane plants for third-party custom...

EnviTec Biogas AG Financial Statement Overview

Summary

Financial performance is mixed. Revenue growth has reversed, and margins have compressed significantly, with gross margin falling to 19.5%. However, the company remains profitable, the balance sheet is solid with manageable leverage (debt/EBITDA of 2.9), and operating cash flow turned positive in 2025. Negative free cash flow due to high capex is a concern.

Income Statement

45Neutral

Balance Sheet

65Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	333.47M	312.64M	350.31M	427.11M	390.55M	262.37M
Gross Profit	90.16M	61.03M	141.74M	185.40M	86.02M	82.50M
EBITDA	51.93M	57.49M	69.47M	109.79M	83.20M	39.05M
Net Income	11.12M	15.92M	28.63M	58.46M	45.80M	15.77M
Balance Sheet
Total Assets	427.82M	466.54M	413.81M	417.32M	340.59M	252.77M
Cash, Cash Equivalents and Short-Term Investments	26.79M	25.69M	26.60M	85.30M	69.41M	19.81M
Total Debt	143.54M	165.30M	120.72M	101.43M	59.17M	47.80M
Total Liabilities	234.61M	275.59M	229.44M	216.76M	173.39M	118.70M
Stockholders Equity	189.91M	185.48M	176.47M	192.02M	162.59M	131.46M
Cash Flow
Free Cash Flow	-17.55M	-17.55M	-64.78M	28.75M	59.82M	22.14M
Operating Cash Flow	13.16M	13.16M	-10.37M	83.29M	97.33M	37.35M
Investing Cash Flow	-49.64M	-49.64M	-43.32M	-49.90M	-35.92M	-12.88M
Financing Cash Flow	28.86M	28.86M	-15.74M	-17.48M	-4.51M	-19.67M

EnviTec Biogas AG Technical Analysis

Technical Analysis SentimentNegative

Last Price16.90

Price Trends

50DMA16.27Positive

100DMA17.22Negative

200DMA19.78Negative

Market Momentum

MACD0.16Positive

RSI51.75Neutral

STOCH61.90Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:ETG, the sentiment is Negative. The current price of 16.90 is below the 20-day moving average (MA) of 17.03, above the 50-day MA of 16.27, and below the 200-day MA of 19.78, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 51.75 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:ETG.

EnviTec Biogas AG Peers Comparison

Overall Rating

UnderperformOutperform

Sector (66)

Financial Indicators

DE:ETG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
DE:ETG	54Neutral	EUR 250.97M	22.53	5.93%	2.96%	8.74%	-20.25%
DE:EKT	46Neutral	EUR 311.39M	27.05	5.43%	6.68%	54.11%	-66.69%
DE:PNE3	42Neutral	EUR 380.92M	-11.53	-23.13%	0.80%	-13.27%	-5353.16%

* Utilities Sector Average

Performance Comparison

DE:ETG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:ETG	EnviTec Biogas AG	16.90	-3.05	-15.29%
DE:EKT	Energiekontor AG	22.45	-12.00	-34.84%
DE:PNE3	PNE WIND (0KUY)	4.99	-5.49	-52.37%
DE:3SQ1	A.H.T. Syngas Technology N.V.	0.86	-2.56	-74.85%
DE:MNV6	Mainova AG	380.00	49.08	14.83%
DE:FHW	Fernheizwerk Neukoelln AG	24.40	3.46	16.55%

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.

Date of analysis: Oct 13, 2026

EnviTec Biogas AG AI Stock Analysis