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Pne AGPNE3.DECompetitor analysis, valuation and peers

Germany · EUR·Utilities›Alternative Power Generation
Momentum laggard 2
Mkt cap
$442M
US dollars, full cap
Free float
38%
of shares outstanding
$/day
$644,767
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-2.3 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
6 days
12 Nov 2026
Close · EUR€5.16
1D-1.7%
1W-6.0%
1M-27.9%
3M-35.2%
6M-47.2%
YTD-48.9%
1Y-48.6%
ATR %5.3%
52w lowhigh56.5% off high

What Pne does

Employees: 681

Pne at a glance

Size Pne (PNE3.DE) is a Germany Utilities company (Alternative Power Generation) with a market value of $442M, the 180th largest of 205 Germany companies the cockpit tracks. Shares closed at €5.16 on 6 Nov 2026.

Performance Over six months the shares fell 47.2%, against -34.0% for the median peer and +2.6% for the Germany market (cap-weighted) — lowest of 20 in its peer set.

Growth Revenue grew 13.2% over the last twelve months (peer median +16.3%); the operating margin is 13.9% (peer median 20.6%).

Valuation It trades at 4.6× enterprise value to sales against a peer median of 6.3× (9th cheapest of 21).

Capital Return on invested capital runs 2.3 points below its cost of capital (5.0% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

608010012011 May 202611 Aug 20266 Nov 2026Peer median 66PNE3.DE 54
Six months, rebased to 100: Pne against the median of its 20 peers (local-currency closes).

Pne financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€253M€230M€210M€122M€126M
Revenue growth—+9%+73%-4%—
Gross profit€98.0M€72.6M€68.3M€32.9M€30.2M
EBITDA€77.8M€65.9M€63.6M€29.8M€28.7M
Net income-€30.3M-€43.1M-€4.40M-€9.55M€14.9M
Free cash flow-€85.2M-€154M-€211M-€192M-€105M
Capital expenditure€91.4M€104M€34.7M€25.5M€95.6M
Total debt€827M€809M€893M€767M€572M

Quarterly statements and history in the cockpit →

Pne competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%14079519EKTINOXGREEN603105KPIGREEN0026162072301046WAAREERTL3868475150COXGARNXIFRSCATCCLEANMAX600821601619PNE3.DE6-month return →1-month return →
Up and to the right = strong over both horizons. Pne is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%5×10×15×14079519EKTINOXGREEN603105KPIGREEN0026162072301046WAAREERTL3868475150COXGARNXIFRSCATCJNPRCLEANMAX600821601619PNE3.DERevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Pne is the large dot.

Pne competitors and peer comparison

How Pne compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Pne against its 20 peers (data as of 6 Nov 2026)
MeasurePNE3.DEPeer medianRank in peer set
1-month return-27.9%-9.5%2nd lowest of 21
6-month return-47.2%-34.0%lowest of 20
Distance from 52-week high-56.5%-43.9%3rd lowest of 21
Revenue growth (TTM)+13.2%+16.3%9th lowest of 21
Operating margin13.9%20.6%9th lowest of 21
EV / Sales4.6×6.3×9th cheapest of 21
ROIC minus cost of capital-2.3 pp-1.8 pp8th lowest of 21
EV / EBITDA14.9×17.1×6th cheapest of 14
Net debt / EBITDA9.9×7.0×7th most indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Pne PNE3.DEGermany$442M-47%+13%14%4.6×n/an/a
West 1407.TJapan$490M-34%+20%23%2.5×-4.9%-3.6%
RENOVA 9519.TJapan$397M-38%+14%5%4.4×23.9%+33.6%
EnergieKontor EKT.DEGermany$383M-45%+54%19%5.0×n/an/a
Inox Green Energy Services INOXGREEN.NSIndia$537M-37%+16%2%18.1×n/an/a
Zhejiang Sunoren Solar Technology 603105.SSChina$608M-17%+8%23%7.6×3.7%+11.6%
KPI Green Energy KPIGREEN.NSIndia$615M-40%+40%30%2.1×n/an/a
Guangdong Chant 002616.SZChina$617M-21%-3%7%2.1×-4.3%+3.8%
Century Wind Power 2072.TWTaiwan$618M-41%+62%22%1.3×-17.2%+41.9%
Shanghai Nenghui Technology 301046.SZChina$680M+8%-49%-13%6.9×n/an/a
Waaree Renewable Technologies WAAREERTL.NSIndia$810M-30%+78%17%2.4×24.1%+203.3%
Xinyi Energy 3868.HKHong Kong$863M-38%+2%54%5.8×-2.6%+9.1%
SK Eternix 475150.KSSouth Korea$949M-35%+39%9%3.1×n/an/a
Cox Infrastructure COXG.MCSpain$1.05B-12%+72%9%2.6×n/an/a
Alerion Clean Power ARN.MIItaly$1.11B-35%+13%51%7.8×n/an/a
XPLR Infrastructure, LP XIFRUnited States$1.38B-38%-1%3%11.8×n/an/a
Scatec SCATC.OLNorway$1.50B-16%+16%29%10.3×n/an/a
Juniper Green Energy JNPR.NSIndia$1.54Bn/a+1,313%52%37.9×n/an/a
Clean Max Enviro Energy Solutions CLEANMAX.NSIndia$1.57B+8%+28%44%16.0×n/an/a
Nyocor 600821.SSChina$1.63B-29%-12%12%12.0×6.8%+20.6%
Jiaze Renewables 601619.SSChina$1.65B-34%-5%43%10.3×0.2%+19.7%

Questions

Which companies are Pne's closest peers?
The cockpit's peer set: West (1407.T), RENOVA (9519.T), EnergieKontor (EKT.DE), Inox Green Energy Services (INOXGREEN.NS), Zhejiang Sunoren Solar Technology (603105.SS), KPI Green Energy (KPIGREEN.NS), Guangdong Chant (002616.SZ), Century Wind Power (2072.TW).
Is Pne expensive compared with its peers?
On ev / sales it trades at 4.6× against a peer median of 6.3×, 9th cheapest of 21 in its peer set.
How has Pne stock performed?
Over six months to 6 Nov 2026 the shares returned -47.2% against -34.0% for the median peer; over one year -48.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.