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Wolftank-Adisa Holding AG
(XETRA:WAH)
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Rating:47Neutral
Price Target:
€4.00
▲(5.54% Upside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak and volatile profitability alongside a highly leveraged balance sheet, despite improved recent operating/free cash flow. Technicals add modest support due to improving short-term momentum, but the longer-term downtrend persists. Valuation is constrained by losses (negative P/E) and the absence of a dividend yield.
Positive Factors
Scaled Revenue Base
The substantial multi-year increase in revenue demonstrates that Wolftank-Adisa has built a materially larger operating base and expanded its ability to win and deliver environmental and infrastructure work. This scale can support broader customer coverage and more meaningful project execution capacity over the coming quarters.
Negative Factors
High and Rising Leverage
The sharp increase in debt relative to equity weakens financial flexibility and makes the company more sensitive to earnings volatility. A heavier balance-sheet burden can restrict capital allocation, increase pressure on cash generation, and reduce the ability to absorb weaker project activity over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Scaled Revenue Base
The substantial multi-year increase in revenue demonstrates that Wolftank-Adisa has built a materially larger operating base and expanded its ability to win and deliver environmental and infrastructure work. This scale can support broader customer coverage and more meaningful project execution capacity over the coming quarters.
Read all positive factors
Wolftank-Adisa Holding AG (WAH) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€20.55M
Dividend Yield8.62%
Average Volume (3M)3.26K
Price to Earnings (P/E)―
Beta (1Y)0.35
Revenue Growth1.02%
EPS Growth-6.21%
CountryDE
Employees457
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.53
Shares Outstanding5,281,654
10 Day Avg. Volume1,838
30 Day Avg. Volume3,257
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.79
Price to Sales (P/S)0.21
P/FCF Ratio-107.48
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)0.19
Revenue Forecast (FY)€133.10M
Wolftank-Adisa Holding AG Business Overview & Revenue Model
Company Description
Wolftank-Adisa Holding AG provides specialized engineering and environmental protection services, primarily focused on the rehabilitation and safeguarding of contaminated land and facilities. Their comprehensive solutions encompass various cleanup...
How the Company Makes Money
WAH makes money primarily by delivering project- and service-based environmental and infrastructure work for industrial, energy, and public-sector customers. Key revenue streams include (1) remediation services: consulting, engineering, and execut...
Wolftank-Adisa Holding AG Financial Statement Overview
Summary
Income Statement
47
Neutral
Balance Sheet
34
Negative
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 122.80M | 121.50M | 86.79M | 62.73M | 44.63M |
| Gross Profit | 11.61M | 43.47M | 18.14M | 9.54M | 15.63M |
| EBITDA | -23.36K | 5.20M | 8.54M | 3.59M | 1.21M |
| Net Income | -2.77M | 1.00M | -3.27M | -1.87M | -2.95M |
Balance Sheet | |||||
| Total Assets | 122.12M | 108.70M | 109.93M | 62.80M | 61.79M |
| Cash, Cash Equivalents and Short-Term Investments | 21.54M | 9.79M | 11.75M | 12.75M | 7.48M |
| Total Debt | 36.13M | 29.12M | 27.32M | 12.45M | 12.90M |
| Total Liabilities | 99.18M | 83.85M | 85.31M | 42.30M | 45.60M |
| Stockholders Equity | 14.24M | 17.37M | 17.46M | 17.84M | 22.42M |
Cash Flow | |||||
| Free Cash Flow | -236.88K | 1.30M | -1.92M | -2.27M | 2.51M |
| Operating Cash Flow | 3.79M | 1.30M | 7.21M | 277.86K | 4.85M |
| Investing Cash Flow | -2.27M | -4.68M | -8.49M | -2.50M | -5.33M |
| Financing Cash Flow | 1.54M | 2.00M | 6.23M | 6.34M | 7.98M |
Wolftank-Adisa Holding AG Technical Analysis
Positive
3.79
Price Trends
3.73
Positive
4.05
Negative
4.29
Negative
Market Momentum
0.03
Negative
56.70
Neutral
63.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:WAH, the sentiment is Positive. The current price of 3.79 is above the 20-day moving average (MA) of 3.75, above the 50-day MA of 3.73, and below the 200-day MA of 4.29, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 56.70 is Neutral, neither overbought nor oversold. The STOCH value of 63.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:WAH.
Wolftank-Adisa Holding AG Peers Comparison
UnderperformOutperform
Sector (63)
DE:WAH
Wolftank-Adisa Holding AG
3.89
-2.71
-41.06%
DE:NEP
SLOMAN NEPTUN Schiffahrts-Aktiengesellschaft
62.00
3.00
5.08%
DE:M4N
Muehlhan AG
1.48
0.08
5.71%
DE:BLH
BREMER LAGERHAUS-GESELLSCHAFT-Aktiengesellschaft
11.60
2.90
33.27%
DE:C0M
Compleo Charging Solutions AG
0.02
-0.04
-70.00%
DE:LMIA
Lion E-Mobility AG
1.78
0.45
33.83%
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.