| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 38.32 | 520 |
| Intrinsic value (DCF) | 10.43 | 69 |
| Graham-Dodd Method | 0.42 | -93 |
| Graham Formula | n/a |
Enogia SAS is a French industrial machinery company specializing in micro-turbomachines and energy conversion technologies. Founded in 2009 and headquartered in Marseille, Enogia designs, manufactures, and sells Organic Rankine Cycle (ORC) systems, which efficiently convert waste heat into electricity, serving industries such as maritime, geothermal energy, and generator sets. Additionally, the company provides air compressors for hydrogen fuel cells, positioning itself in the growing clean energy sector. Enogia's innovative solutions cater to sustainability-driven markets, aligning with global decarbonization trends. Despite its niche focus, the company operates in a competitive industrial machinery landscape, leveraging French engineering expertise. Listed on Euronext Paris, Enogia remains a small-cap player with potential in renewable energy applications, though financial performance has been challenged by negative earnings and limited operating cash flow.
Enogia SAS presents a high-risk, high-reward investment opportunity in the renewable energy and industrial machinery space. The company's focus on ORC systems and hydrogen fuel cell components aligns with global sustainability trends, offering long-term growth potential. However, its financials reveal significant challenges, including negative net income (-€965k in the latest period) and minimal cash reserves (€1.43M), raising liquidity concerns. With a market cap of €17.97M and no dividend payouts, the stock may appeal to speculative investors betting on clean energy adoption. The low beta (0.585) suggests relative stability compared to broader markets, but reliance on debt (€3.99M) and lack of positive cash flow heighten execution risks. Success hinges on commercialization of its ORC technology and expansion in hydrogen infrastructure.
Enogia SAS operates in a specialized segment of the industrial machinery sector, competing with larger players in energy recovery and hydrogen technologies. Its primary competitive advantage lies in its proprietary ORC systems, which target niche applications in waste heat recovery—a market with growing regulatory and environmental demand. However, the company faces intense competition from established industrial firms with greater R&D budgets and global distribution networks. Enogia's small scale limits its ability to compete on cost or supply chain efficiency, though its French engineering base provides credibility in precision machinery. The hydrogen compressor segment is also crowded, with rivals offering integrated fuel cell solutions. Enogia's differentiation stems from its modular, compact ORC units suited for decentralized energy systems, but scaling production and securing industrial partnerships will be critical to withstand competition from deep-pocketed multinationals. Financial constraints further restrict its ability to invest in next-gen innovations compared to peers.