Obermatt

Flags

Financial distress

Enapter

GER:H2O · DE000A255G02
Electrical EquipmentSmall

360

19
Profit price59
Owner Earnings Yield1
Dividend Yield1
Price/Sales76
EV / Gross Profit27
Price/Book76
Return on Capital18
Cash Return on Capital17
Return on Equity15
EBIT Margin6
Gross Profitability14
Accruals79
Owner Earnings Margin10
Sales growth86
Profit growth11
Reinvestment31
Price momentum6
Debt load34
Refinancing1
Debt Payback1
Liquidity14
Analyst ratings41
Opinion Changes20
Price Target Upside62
Market mood5
Value Creation4/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Enapter doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryGermany
IndustryElectrical Equipment
SizeSmall
TypePublic Company
ExchangeDB
Founded2024
ISINDE000A255G02
Last UpdateApr 2, 2026
Themes
Energy StorageClimateTechClean EnergyHydrogen

Description

Enapter AG designs, manufactures, and sells hydrogen generators. Business Segments The company operates through several key business segments that align with its strategic objectives and market demands. The primary segments include: Electrolyzer P…

Analysis

Weak and unloved

Enapter AG scores below average on quality and is priced accordingly, a low-conviction position in either direction.

Valuation data is not available for this company.

Growth is moderate; the safety picture is stretched. The company scores 4/20 on our value-creation score: not creating value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
6
2023202420252026

All-time high

55

Jan 2025

All-time low

6

Jun 2026

Average rank

25

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
76
38
13
9
Price/Earnings
83
38
38
14
Price/Book
76
54
46
18
Dividend Yield
1
1
1
1
Value (overall)
78
28
20
16

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →