Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Waga Energy SA is an independent biomethane producer that specializes in landfill gas upgrading into cost-competitive and grid-compliant biomethane. The company operates as a renewable energy and waste management company, converting methane emissions from landfills into usable biomethane for injection into natural gas grids. This process helps address environmental concerns associated with landfill emissions while producing a sustainable energy source. Biomethane serves as a renewable alternative to conventional natural gas, supporting the transition toward cleaner energy solutions. Through its specialized technology and expertise, Waga Energy SA plays a significant role in the circular economy and renewable energy sectors, enabling waste materials to be transformed into valuable energy resources that can be distributed and utilized across various industrial and commercial applications.
The business is unprofitable at the operating level (-31.09% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 7.1%, steady but not accelerating. Margins contracted 8.0pp, which offsets some of the top-line progress.
Negative free cash flow of -€115M. The business is consuming cash, not generating it. Operating margin contracted 8.0pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
€60M
▲ +7.1% YoY
Net Income (TTM)
-€30M
▼ -71.5% YoY
Op. Margin
-31.09%
▼ -8.0pp YoY
ROIC
-5.02%
Cash Flow & Balance Sheet
FCF (TTM)
-€115M
▼ -58.4% YoY
Op. Cash Flow (TTM)
-€26M
▼ -14.1% YoY
Net Debt
€161M
Cash & Equiv.
€61M
3Y CAGR: +46.0%
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