회사 개요
Ellomay Capital Ltd. is an enterprise focused on the initiation, development, construction, and production of renewable and clean energy projects across Europe, the United States, and Israel. This company operates within the Utilities sector and specifically the Utilities - Renewable industry, positioning it as a key player in the global transition toward sustainable energy generation. The entity maintains a market capitalization of $343.11M and reported annual revenue of $42.83M, while the specific employee count is not disclosed in available records. These valuation and revenue figures indicate a mid-cap status that reflects a specialized operational footprint rather than mass-market utility scale, suggesting a business model driven by project-specific capital deployment rather than broad infrastructure monopoly. The concentration of assets in specific international jurisdictions implies exposure to diverse regulatory environments and energy demand cycles, which defines its strategic risk profile.
재무 건전성
The company reported a revenue of $42.83M for the trailing twelve months, yet it posted a net income of $-1,772,000, revealing a significant cost structure where operating expenses and depreciation likely exceed the gross profits generated from energy sales. Despite the negative net income, the EBITDA stands at $16.49M, indicating that the core cash-generating operations from the renewable projects remain profitable before the impact of interest and taxes. However, the free cash flow is reported at $-91,951,128, which signals substantial capital outflows that severely constrain the company's current financial flexibility and ability to fund operations without external financing. The gross margin is 45.0%, while the operating margin is 16.3%, but the profit margin is -4.1%, illustrating that while the core business model retains pricing power, non-operating costs or asset write-downs are eroding the final bottom line. Liquidity analysis shows a cash balance of $87.61M against a total debt load of $637.95M, resulting in a debt-to-equity ratio of 385.47, which characterizes the balance sheet as highly leveraged rather than conservative. The current ratio is 1.25, suggesting the company possesses adequate short-term liquidity to cover immediate obligations, though the high leverage poses long-term refinancing risks. Return on Equity is -4.1% and Return on Assets is 0.0%, metrics that collectively reveal that management effectiveness is currently challenged by significant losses relative to the equity base and asset deployment.
밸류에이션 평가
The P/E Ratio (TTM) is listed as N/A due to the negative earnings, and the Forward P/E is also N/A, implying that traditional earnings-based valuation multiples are currently inapplicable until the company achieves profitability. The price-to-book ratio is 2.33, which indicates that the market is pricing the stock at a significant premium relative to its tangible book value, reflecting expectations of future asset appreciation or growth potential. The price-to-sales ratio stands at 8.01, and the EV/EBITDA is 54.27, suggesting that the market is applying a high multiple to the company's revenue and pre-tax cash flow, likely compensating for the high debt load and lack of current earnings. The 52-week high is $30.34 and the 52-week low is $13.00, placing the current trading range within a wide band that reflects high volatility and uncertainty regarding future earnings stabilization. The Beta is 1.00, indicating that the stock's price volatility moves in tandem with the broader market, without exhibiting the defensive characteristics typically associated with utility stocks.
Growth & Income
The revenue growth year-over-year is 14.8%, whereas the earnings growth is N/A due to the reported net loss, implying that top-line expansion is not yet translating into bottom-line profitability. Since the dividend yield is N/A and the payout ratio is 0.0%, the company does not currently distribute dividends to shareholders, operating under a strategy of reinvesting earnings back into the business or using cash reserves to manage its substantial debt obligations. This absence of dividend income means the company relies entirely on capital appreciation or potential future earnings growth to generate value for investors, rather than providing a current income stream. The overall growth and income profile is currently defined by strong revenue expansion coupled with significant financial distress, as indicated by the negative free cash flow and high leverage, rather than by shareholder returns or stable earnings growth.