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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eenergy Group Plc | EAAS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.15 | -3.13% | 4.65 | 15:12:50 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.80 | 4.65 | 4.80 | 4.65 | 4.80 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Top Posts |
|---|
Posted at 03/2/2025 11:00 by sev22 In the analysis and investment recommendation from Simon Thompson at the Investors Chronicle below, the House Broker is forecasting revenue of £28m in 2025.In the presentation this morning the CEO indicated that they could surpass this, especially with the current pipeline of business. This tech-cum-energy stock could double in value. It delivered record performance in 2024 and a strong order book supports bumper profits this year. Published on January 30, 2025 by Simon Thompson *Record second half trading performance *Momentum has continued into the new financial year *Share price rallies 14 per cent Technology-enabled energy services provider eEnergy (EAAS: 4.75p) has doubled revenue to £21.1mn in the second half of 2024 and expects to report an underlying cash profit of £2.4mn for the six months. Backed by a £7mn contracted order book, the positive momentum has continued into the new financial year, too. Importantly, eEnergy ended the year strongly, signing a £1mn contract with Newcastle College to deliver a full LED lighting conversion across 10 buildings in Newcastle and Carlisle. In addition, the group was appointed to the NHS Commercial Solutions Sustainable Estates Framework Agreement. It means eEnergy is in a prime position to assist NHS Trusts in lowering their energy bills and reducing their environmental impact. Specifically, the group helps organisations achieve their net zero goals by designing, funding and implementing energy-efficient projects (solar, electric vehicle charging and energy-efficient lighting). The return to growth has been well received by investors after trading in the first half of 2024 was hampered by a weak balance sheet and exacerbated by weak market conditions. Lower energy prices and higher costs of finance led to lengthened customer decision-making cycles, culminating in a delay in contract signings. As a result eEnergy only reported first half revenue of £6mn. However, the disposal of its energy management division significantly strengthened the group’s financial position and the group closed the year with cash of £2.3mn and a debt-free balance sheet. Positive tailwinds driving demand. The Labour government’s pledge to drive net-zero more actively as one of its levers for growth is a major positive for eEnergy given that the public sector will lead this activity. Given the constraints on public finances, government-backed clients are signing up for more flexible financing arrangements, which enables them to adopt eEnergy’s products and services with no upfront capital expenditure. It’s a win-win, for the public purse, the environment and the company, too. For the year ahead, house broker Canaccord Genuity is forecasting revenue of £28mn, cash profit of £3mn, pre-tax profit of £2.6mn, earnings per share (EPS) of 0.4p and a doubling of net cash to £4.6mn (1.2p). Canaccord pencils in £6mn of contingent deferred consideration from the energy management disposal, split equally in the 2025 and 2026 financial years, hence why it expects net cash to rise sharply to £8.1mn (2.1p) in 2026. Given the cash build, the £18mn market capitalisation company’s operational business will be in the price for only 5.5 times current year operating profit forecasts of £2.5mn by the year-end, a multiple that drops to 2.5 times next year assuming eEnergy can ramp up operating profit to £3.9mn, as Canaccord predict. So, although the shares are trading below the 7.15p suggested entry level in my 2024 Bargain Shares Portfolio, the improving growth trajectory and 60 per cent discount to analysts’ 12p a share sum-of the-parts valuations highlight the chronic undervaluation and material re-rating potential. BUY. |
Posted at 31/1/2025 08:13 by sev22 This tech-cum-energy stock could double in value.It delivered record performance in 2024 and a strong order book supports bumper profits this year. Published on January 30, 2025 by Simon Thompson *Record second half trading performance *Momentum has continued into the new financial year *Share price rallies 14 per cent Technology-enabled energy services provider eEnergy (EAAS: 4.75p) has doubled revenue to £21.1mn in the second half of 2024 and expects to report an underlying cash profit of £2.4mn for the six months. Backed by a £7mn contracted order book, the positive momentum has continued into the new financial year, too. Importantly, eEnergy ended the year strongly, signing a £1mn contract with Newcastle College to deliver a full LED lighting conversion across 10 buildings in Newcastle and Carlisle. In addition, the group was appointed to the NHS Commercial Solutions Sustainable Estates Framework Agreement. It means eEnergy is in a prime position to assist NHS Trusts in lowering their energy bills and reducing their environmental impact. Specifically, the group helps organisations achieve their net zero goals by designing, funding and implementing energy-efficient projects (solar, electric vehicle charging and energy-efficient lighting). The return to growth has been well received by investors after trading in the first half of 2024 was hampered by a weak balance sheet and exacerbated by weak market conditions. Lower energy prices and higher costs of finance led to lengthened customer decision-making cycles, culminating in a delay in contract signings. As a result eEnergy only reported first half revenue of £6mn. However, the disposal of its energy management division significantly strengthened the group’s financial position and the group closed the year with cash of £2.3mn and a debt-free balance sheet. Positive tailwinds driving demand. The Labour government’s pledge to drive net-zero more actively as one of its levers for growth is a major positive for eEnergy given that the public sector will lead this activity. Given the constraints on public finances, government-backed clients are signing up for more flexible financing arrangements, which enables them to adopt eEnergy’s products and services with no upfront capital expenditure. It’s a win-win, for the public purse, the environment and the company, too. For the year ahead, house broker Canaccord Genuity is forecasting revenue of £28mn, cash profit of £3mn, pre-tax profit of £2.6mn, earnings per share (EPS) of 0.4p and a doubling of net cash to £4.6mn (1.2p). Canaccord pencils in £6mn of contingent deferred consideration from the energy management disposal, split equally in the 2025 and 2026 financial years, hence why it expects net cash to rise sharply to £8.1mn (2.1p) in 2026. Given the cash build, the £18mn market capitalisation company’s operational business will be in the price for only 5.5 times current year operating profit forecasts of £2.5mn by the year-end, a multiple that drops to 2.5 times next year assuming eEnergy can ramp up operating profit to £3.9mn, as Canaccord predict. So, although the shares are trading below the 7.15p suggested entry level in my 2024 Bargain Shares Portfolio, the improving growth trajectory and 60 per cent discount to analysts’ 12p a share sum-of the-parts valuations highlight the chronic undervaluation and material re-rating potential. BUY. |
Posted at 29/1/2025 09:36 by daveme Companies like to release good news on a Monday since it gives the rest of the week for it to be digested. Companies with bad news try to release it on Fridays in the hope that traders clock off early to go to the pub and then home for the weekend and hence by the following week that have forgotten about it!Let's hope a Monday announcement is good news in EAAS's case. |
Posted at 14/1/2025 16:19 by barnes4 And down againCome on EAAS spill the beans cos this looks dodgy |
Posted at 14/1/2025 09:48 by hodluntilyouwobble Barnes4- Do you think potential investors reviewing this chat will be inspired to invest their hard earned money in EAAS, given you have spammed it with negativity? Whatever the realities of this stock, you are not helping. I just wish there was a filter function so I didn't need to see your bile. The share price is depressing enough! |
Posted at 20/12/2024 08:50 by robsy2 from ST in IC yesterday. Keep the faith!"Although it’s the laggard of my 2024 Bargain Shares portfolio, eEnergy (EAAS) fits the bill neatly. It helps organisations, especially in the public sector, achieve their net zero goals by designing, funding and implementing energy-efficient projects such as solar panels, energy efficient lighting, electric vehicle charging. Effectively, you're getting an operational business that can make a pre-tax profit of £2mn or more next year in the price for free. That's because eEnergy has got a market cap of £18mn, net cash in the bank of £6mn, and it's due a contingent deferred earnout from a disposal it made at the start of the year that could add another £10mn to that cash position by the end of next year. So from my perspective, the investment risk is incredibly favourable for investment at the current level." |
Posted at 28/11/2024 12:09 by daveme Interesting that the share price has risen, at the time of writing, by 0.3p (6.45%) on a new contract with a Newcastle college group. Think how many similar organisations there are across the country, i.e. potential customers of EAAS. The market is huge and buying EAAS today is a great opportunity to get in at the bottom of that growth. |
Posted at 29/10/2024 08:35 by ivyhedge Less than 1% of shares traded in last week or so, people just getting nerveous of news reports. That massive sale that went through was 1.5m shares about 0.4% of the EAAS share holding hence the price drop. Someone took the chance to bank profits just in case. The basics of this company havent changed as far as I can tell.This is still a company that looks undervalued with a good future depending on the budget not to really screw things up. Probably another chance to buy. |
Posted at 23/10/2024 09:24 by hodluntilyouwobble It isn’t the warrant holders that are offloading. Why would they if the exercise price is 6p? There are many shareholders from legacy acquisitions made by eEnergy that are sat on a lot of shares (like me..), who are slowly selling their holding as their patience runs out.There is very little liquidity on this stock, so it doesn’t take much to move the share price up or down. Ultimately, there isn’t enough exciting news around to drive the share price up over the longer term, and profit takers will always nibble away at any swing. If you are frustrated where EAAS are today, I suggest you either get out now or come back in 6 months time. |
Posted at 02/9/2024 08:32 by sev22 Based on this recommendation from late July the sum-of-parts valuation is still more than double this morning's increased share price.A green energy tech company on a bargain rating. A technology-enabled energy services provider is now starting to see revenue ramp up and is forecast to quadruple profit next year. July 26, 2024 by Simon Thompson *Full-year revenue guidance maintained *Second half weighting *First half impacted by weak balance sheet *Robust order book *Strong momentum building Technology-enabled energy services provider eEnergy (EAAS: 5.3p) has reported strong momentum at the start of the second half and reiterated full-year guidance at £25-26mn. In the first half, the business was hampered by a weak balance sheet and lengthening customer sales cycles due to the higher cost of finance and lower energy prices. The company helps organisations achieve their net zero goals by designing, funding and implementing energy-efficient projects (solar, electric vehicle charging and energy-efficient lighting). However, the disposal of its energy management (EM) division for £29.3mn means that eEnergy is now in a strong net cash position and balance sheet funding has been strengthened further by a new £40mn debt facility with NatWest. Specifically, it provides eEnergy with off-balance-sheet funding for public sector customers, lowers its cost of capital, delivers an attractive return on the retained project interests and improves its competitive position when tendering for multi-site contracts. True, first half revenue declined from £11mn to £6.2mn, but eEnergy’s robust order book will deliver £12.9mn of revenue in the second half and the improvement in market conditions means that trading momentum continues to build. Forecasts maintained So, in line with management guidance, analysts at Equity Development forecast a second half cash profit of £3mn on revenue of £19.3mn to wipe out the first half underlying cash loss of £2.1mn on revenue of £6.2mn. On this basis, expect full-year cash profit of £0.8mn on revenue of £25.5mn. Please note that estimates exclude £2.5mn of balance sheet adjustments for restructuring following the disposal of the EM division which will be booked in the interim accounts. Importantly, eEnergy now has the financial firepower to take on large multi-million pound contracts, which will accelerate both sales and profit growth. In April 2024, the group secured a £5.2mn contract with Spire Healthcare Group to provide solar systems across 38 sites. So, with annual revenue forecast to rise from £25.5mn to £31.5mn in 2025, and with central overheads relatively fixed, the drop through of incremental gross margin to cash profit means that cash profit is forecast to quadruple to £3.2mn in 2025. On this basis, expect pre-tax profit of £2.2mn and earnings per share (EPS) of 0.4p in 2025. In addition, Equity Development forecasts net cash of £9.5mn (2.5p) at the 2024 year-end, a sum that backs up almost half eEnergy’s market capitalisation of £20.5mn. Furthermore, contingent deferred consideration from the sale of the EM unit is payable in two instalments and could add £8mn to £10mn (capped at £20m) to the cash pile by the end of 2025. Effectively, the operational business could be free as a standalone entity by the end of next year. That’s incredibly harsh given that the EM division was sold on a multiple of 6.5 to 8.5 times forecast cash profit to enterprise valuation. Assuming eEnergy delivers the ramp up in revenue and earnings next year, then the operational business alone should be worth a third more than the current market capitalisation. Add to that the hefty cash pile and cash inflows from the contingent deferred consideration, and it’s not difficult to arrive at sum-of-the-parts valuations more than double the current share price So, although eEnergy’s share price is below the 7.15p suggested entry level in my 2024 Bargain Shares Portfolio, the strong asset backing, improving growth profile and a hefty discount to sum-of the-parts valuations point to material share price upside. BUY. |
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