Bedrijfsoverzicht
Ellomay Capital Ltd. is actively engaged in the full lifecycle of renewable and clean energy projects, encompassing their initiation, development, construction, and production phases across Europe, the United States, and Israel. The company operates specifically within the Utilities sector and the Utilities - Renewable industry, positioning it as a key player in the transition toward sustainable power generation. With a market capitalization of $336.91M and trailing twelve-month revenues of $42.83M, the entity maintains a specific operational footprint that includes ownership of five photovoltaic plants located in Spain. The company employs N/A staff, indicating that its operational scale is defined more by its asset base and project pipeline than by traditional headcount metrics. These valuation figures suggest a mid-sized enterprise in the renewable energy landscape, where the market cap relative to the revenue stream reflects significant intangible assets, such as intellectual property and project pipelines, rather than solely physical infrastructure.
Financiële gezondheid
The company reported annual revenues of $42.83M over the trailing twelve months, yet these operations resulted in a net income loss of $1,772,000, highlighting a substantial gap between gross revenue and final profitability that points to high fixed costs or significant non-operating expenses. Despite the net loss, the business generated an EBITDA of $16.49M, which suggests that core operational activities remain cash-positive before financing and non-cash charges, even if accounting losses are recorded. However, the free cash flow stands at -$91,951,128, a figure that indicates a severe cash outflow likely driven by heavy capital expenditures required for construction and development activities. This negative cash flow environment implies limited immediate financial flexibility for returning capital to shareholders or reducing debt without external financing. The gross margin is recorded at 45.0%, while the operating margin sits at 16.3%, contrasting sharply with a negative profit margin of -4.1% that encompasses the impact of interest and other expenses. The disparity between the positive operating margin and negative profit margin underscores the heavy financial burden of the company's debt obligations. In terms of liquidity and leverage, the company holds $87.61M in cash against a total debt load of $637.95M, resulting in a debt-to-equity ratio of 385.47 that characterizes a highly leveraged balance sheet. The current ratio of 1.25 indicates that the company possesses slightly more current assets than current liabilities, suggesting a marginal ability to meet short-term obligations. Return on equity is -4.1% and return on assets is 0.0%, metrics that collectively reveal management's current challenge in generating returns on the capital invested in the business.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio is listed as N/A due to the reported net losses, while the forward P/E is also N/A, meaning traditional earnings-based valuation multiples are currently inapplicable for assessing the company's future earnings trajectory. Instead, the market capitalizes the company at a price-to-book ratio of 2.29, which indicates that the stock is trading at a significant premium over its book value, likely reflecting market optimism regarding future project completions and revenue generation. Alternative valuation metrics provide further context, with a price-to-sales ratio of 7.87 and an EV/EBITDA multiple of 53.92, both of which are elevated figures that suggest high expectations for future growth despite current profitability constraints. The stock has historically traded within a range defined by a 52-week high of $30.34 and a 52-week low of $13.18, with the current trading price situated between these extremes. The company exhibits a beta of 1.00, indicating that its price volatility moves in tandem with the broader market without significant amplification or dampening of systemic risk.
Growth & Income
Revenue growth stands at 14.8% year-over-year, demonstrating a positive expansion trajectory, whereas earnings growth is listed as N/A due to the lack of positive net income to measure against prior periods. This divergence between strong revenue expansion and the inability to calculate earnings growth implies that top-line growth is not yet translating into bottom-line profitability, a common phase for capital-intensive renewable energy developers. As a non-dividend payer, the company does not distribute a dividend yield or a payout ratio, instead choosing to retain earnings and utilize cash reserves to fund ongoing construction and development projects. This capital allocation strategy prioritizes reinvestment into the asset base to scale operations and capture market share in the renewable energy sector over providing immediate income to shareholders. The overall growth and income profile is characterized by robust revenue expansion supported by a highly leveraged balance sheet and an absence of current dividend distributions.