2GB Stock Analysis: 2G Energy | XETRA
Specialty Industrial Machinery | XETRA, Germany | Market Cap: 1.103m EUR | 12M Return: 59.2% | DE000A0HL8N9 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.75M
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
2G Energy AG is a German manufacturer of decentralized energy supply systems, headquartered in Heek and founded in 1995. The companys core offering is a portfolio of natural gas combined heat and power (CHP) units spanning electrical outputs from 20 kW up to 4,500 kW, supplemented by large-scale heat pumps, turnkey energy centers (GreenCube), and a broad service business covering installation, maintenance, spare parts, and CHP rentals.
Its products are deployed across a diverse range of end markets, including data centers, food and beverage, farming, greenhouses, healthcare, hotels, manufacturing, wastewater treatment, and municipal utilities. The company also supports hydrogen-ready operation, biogas treatment, and various grid-support functions such as balancing energy and island-mode operation.
2G Energy AG trades on XETRA under the ticker 2GB and is classified within the Industrials sector (Industrial Machinery & Components). The CHP/cogeneration segment sits within the broader distributed generation market, where on-site generation combined with heat recovery typically delivers higher overall fuel efficiency than separate heat and power production.
- Data center CHP orders surge on AI power demand
- Heat pump segment expands amid German heating transition
- Recurring service revenue scales with installed base growth
| Net Income: 16.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.17 > 0.02 and ΔFCF/TA -30.84 > 1.0 |
| NWC/Revenue: 32.37% < 20% (prev 30.12%; Δ 2.25% < -1%) |
| CFO/TA -0.13 > 3% & CFO -39.2m > Net Income 16.8m |
| Net Debt (10.2m) to EBITDA (27.5m): 0.37 < 3 |
| Current Ratio: 2.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (17.9m) vs 12m ago 0.0% < -2% |
| Gross Margin: 28.96% > 18% (prev 39.22%; Δ -10.25% > 0.5%) |
| Asset Turnover: 136.3% > 50% (prev 134.9%; Δ 1.43% > 0%) |
| Interest Coverage Ratio: 16.71 > 6 (EBIT TTM 18.5m / Interest Expense TTM 1.11m) |
| A: 0.42 (Total Current Assets 242.4m - Total Current Liabilities 113.3m) / Total Assets 306.7m |
| B: 0.45 (Retained Earnings 137.7m / Total Assets 306.7m) |
| C: 0.06 (EBIT TTM 18.5m / Avg Total Assets 292.6m) |
| D: 1.04 (Book Value of Equity 156.3m / Total Liabilities 150.3m) |
| Altman-Z'' = 5.74 = AAA |
| DSRI: 1.27 (Receivables 95.2m/70.9m, Revenue 398.8m/375.6m) |
| GMI: 1.35 (GM 39.22% / 28.96%) |
| AQI: 1.12 (AQ_t 0.06 / AQ_t-1 0.05) |
| SGI: 1.06 (Revenue 398.8m / 375.6m) |
| TATA: 0.18 (NI 16.8m - CFO -39.2m) / TA 306.7m) |
| Beneish M = -2.35 (Cap -4..+1) = BBB |
As of October 09, 2026, the stock is trading at EUR 56.70 with a total of 53,454 shares traded. Over the past week, the price has changed by -3.90%, over one month by +0.62%, over three months by -8.73% and over the past year by +59.19%.
Current recommended Stop Loss: 51.00 (which is 10.1% or 1.7 ATR below the current price).
2G Energy has no consensus analysts rating.
P/E Trailing = 66.129
P/E Forward = 13.5318
P/S = 2.7678
P/B = 7.475
Revenue TTM = 398.8m EUR
EBIT TTM = 18.5m EUR
EBITDA TTM = 27.5m EUR
Long Term Debt = 6.97m EUR (from longTermDebt, last quarter)
Short Term Debt = 17.3m EUR (from shortTermDebt, last quarter)
Debt = 24.2m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 10.2m EUR (calculated: Debt 24.2m - CCE 14.0m)
Enterprise Value = 1.11b EUR (1.10b + Debt 24.2m - CCE 14.0m)
Interest Coverage Ratio = 16.71 (Ebit TTM 18.5m / Interest Expense TTM 1.11m)
EV/FCF = -21.93x (Enterprise Value 1.11b / FCF TTM -50.8m)
FCF Yield = -4.56% (FCF TTM -50.8m / Enterprise Value 1.11b)
FCF Margin = -12.73% (FCF TTM -50.8m / Revenue TTM 398.8m)
Net Margin = 4.20% (Net Income TTM 16.8m / Revenue TTM 398.8m)
Gross Margin = 28.96% ((Revenue TTM 398.8m - Cost of Revenue TTM 283.3m) / Revenue TTM)
Gross Margin QoQ = 19.49% (prev 41.68%)
Tobins Q-Ratio = 3.63 (Enterprise Value 1.11b / Total Assets 306.7m)
Interest Expense / Debt = 4.58% (Interest Expense 1.11m / Debt 24.2m)
Taxrate = 34.69% (8.90m / 25.7m)
NOPAT = 12.1m (EBIT 18.5m * (1 - 34.69%))
Current Ratio = 2.14 (Total Current Assets 242.4m / Total Current Liabilities 113.3m)
Debt / Equity = 0.15 (Debt 24.2m / totalStockholderEquity, last quarter 156.3m)
Debt / EBITDA = 0.37 (Net Debt 10.2m / EBITDA 27.5m)
Debt / FCF = -0.20 (negative FCF - burning cash) (Net Debt 10.2m / FCF TTM -50.8m)
Total Stockholder Equity = 142.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.73% (Net Income 16.8m / Total Assets 306.7m)
RoE = 11.77% (Net Income TTM 16.8m / Total Stockholder Equity 142.4m)
RoCE = 12.41% (EBIT 18.5m / Capital Employed (Equity 142.4m + L.T.Debt 6.97m))
RoIC = 6.16% (NOPAT 12.1m / Invested Capital 196.6m)
WACC = 10.69% (E(1.10b)/V(1.13b) * Re(10.86%) + D(24.2m)/V(1.13b) * Rd(4.58%) * (1-Tc(0.35)))
Discount Rate = 10.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Fair Price = unknown (Cash Flow -50.8m)
Revenue Correlation: 91.12 | Revenue CAGR: 7.75% | SUE: -0.14 | # QB: 0
EPS current Year (2026-12-31): EPS=1.80 | Chg30d=-0.35% | Revisions=-25% | GrowthEPS=+93.0% | GrowthRev=+21.6%
EPS next Year (2027-12-31): EPS=2.59 | Chg30d=+1.69% | Revisions=-25% | GrowthEPS=+44.2% | GrowthRev=+25.2%
[Analyst] Revisions Ratio: -40% (up=0, down=2)