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ADS-TEC Energy (NASDAQ: ADSE)

Last close As at 02/07/2024

USD12.80

▲ 0.25 (1.99%)

Market capitalisation

USD576m

ADS-TEC Energy makes battery storage-based energy platforms. These buffer systems enable consistent, high-power delivery for systems such as EV charging.

ADS-TEC Energy’s combined storage, buffering and charging systems are aimed at specialist applications where the grid capacity is unable to support ultra-fast charging, the premium end of the electric vehicle charging infrastructure sector. Management estimates that the total addressable market for Europe and the US is worth €80bn for more than 725,000 buffered charging units. The secondary market is for industrial applications, providing power storage and smoothing as the grid grapples with the supply/demand imbalances from the increasing renewables generation.

Latest Insights

Industrials | Initiation

ADS-TEC Energy — Serving the energy transition

Industrials | edison tv

ADS-TEC Energy – EFK interview
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Sector

Industrials

Equity Analyst

David Larkam

David Larkam

Analyst, Industrials

Key Management

  • Prof. Dr. Kurt Lauk

    Chairman

  • Thomas Speidel

    CEO

  • Wolfgang Breme

    CFO

Balance Sheet

Forecast net debt (€m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.2 11.6 114.5
Relative (1.0) 6.0 69.5
52 week high/low US$11.4/US$5.5

Financials

Q1 sales were $37m and adjusted EBITDA was €1m, the second consecutive profitable quarter in the traditionally slow period. Cash reserves are c €23m. Management guidance is unchanged, for full year sales of €200m (FY23: €107m) and positive EBITDA. The delivery schedule and recognition is expected to lead to an H2 weighting.

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2022A 26.4 (29.3) (13.6) (32.9) N/A N/A
2023A 107.4 (36.5) (45.9) (93.1) N/A N/A
2024E N/A N/A N/A N/A N/A N/A
2025E N/A N/A N/A N/A N/A N/A

Research

Industrials

Initiation

ADS-TEC Energy — Serving the energy transition

Industrials

edison tv

ADS-TEC Energy – EFK interview

Initiation

Industrials

ADS-TEC Energy — Serving the energy transition

edison tv

Industrials

ADS-TEC Energy – EFK interview

Further insights

insight

Industrials

ADS-TEC Energy: EKF 2023 QuickView

Thematics

thematic

Industrials

The long and winding road

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