| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 25.21 | 1615 |
| Intrinsic value (DCF) | 1.21 | -18 |
| Graham-Dodd Method | 2.17 | 47 |
| Graham Formula | n/a |
clearvise AG (ABO.DE) is a Germany-based independent electricity producer specializing in renewable energy, with a focus on wind, solar, and biogas power generation. Headquartered in Wiesbaden, the company operates a diversified portfolio of renewable energy assets across four European countries, boasting an installed capacity of approximately 303 MW as of April 2022. Formerly known as ABO Invest AG, the company rebranded to clearvise AG in January 2021 to better reflect its commitment to sustainable energy solutions. Since its founding in 2010, clearvise has positioned itself as a key player in Europe's renewable utilities sector, contributing to the continent's energy transition. The company's business model revolves around the acquisition, development, and operation of renewable energy projects, ensuring stable cash flows through long-term power purchase agreements (PPAs) and government-backed feed-in tariffs. With increasing global demand for clean energy, clearvise is well-positioned to capitalize on Europe's ambitious decarbonization goals.
clearvise AG presents a niche investment opportunity in the European renewable energy sector, with a relatively small market cap of €126.6 million. The company's low beta (0.19) suggests lower volatility compared to the broader market, making it a potentially stable investment in the utilities sector. However, its financials reveal modest revenue (€36.1 million) and net income (€0.7 million), with diluted EPS of just €0.01. While operating cash flow (€14.8 million) is positive, significant capital expenditures (-€34.2 million) indicate ongoing investments in growth. The absence of dividends may deter income-focused investors. The company's high debt-to-equity ratio (total debt €193.6 million vs. cash €15.2 million) raises liquidity concerns, though this is common in capital-intensive renewable energy projects. Investors should weigh clearvise's growth potential in Europe's expanding renewable market against its financial leverage and modest profitability.
clearvise AG operates in the highly competitive European renewable utilities sector, where it competes with both large-scale energy conglomerates and specialized renewable players. The company's competitive advantage lies in its focused portfolio of wind, solar, and biogas assets across multiple European countries, providing geographic diversification. With 303 MW of installed capacity, clearvise is a mid-sized player, allowing for more agile operations compared to utility giants while maintaining better economies of scale than smaller developers. The company's 2010 founding date gives it early-mover experience in Europe's renewable transition, particularly in Germany where it's headquartered. However, clearvise faces challenges from better-capitalized competitors who can access cheaper financing for large-scale projects. The company's lack of in-house technology development (relying instead on third-party equipment) may limit its ability to differentiate on innovation. Its relatively small size could also make it vulnerable to acquisition in an industry seeing increasing consolidation. Clearwise's strength lies in operational execution and local market knowledge, but it must carefully manage its debt load to remain competitive against deep-pocketed rivals expanding aggressively in European renewables.