Non trouvé

DivMaster · 2023-09-15T23:12:54.871109Z

Biogas, eine Furzidee? Biogas gilt als flexibler Energieträger, der im Gegensatz zu Wind- und Sonnenenergie gut speicherbar ist. Zudem gilt Biogas als die klimaneutrale Alternative zu Erdgas. Es ist ein heimischer, erneuerbarer Energieträger und bietet einen geschlossenen CO2 und Nährstoffkreislauf. Im Jahr 2019 produzierten ca. 9.500 Biogasanlagen rund 5 Gigawatt elektrischen Strom. Das waren ca. 5% des Bruttostromverbrauchs. Dabei wurde im gleichen Jahr mit der Produktion von Strom und Wärme rund 8,1 Mrd. Euro mit Biomasse umgesetzt. Die Produktion von Biogas kann lukrativer sein als die Aufzucht von Tieren. Für viele Landwirte ist Biogas daher eine wichtige Einnahmequelle geworden. Wenn sie aus Biogas Elektrizität für das öffentliche Stromnetz produzieren, erhalten sie für jede Kilowattstunde eine bestimmte Einspeisevergütung. Biogasanlagen haben aber ein Problem: Ihr Gewinn ist abhängig von den weltweiten Preisen für Agrarprodukte. Wenn immer neue Biogasanlagen entstehen, verschärft sich die Konkurrenz um Biomasse vom Acker. Da Mais die effizienteste Pflanze für Biogas ist, sehen Kritiker eine Gefahr darin das Maiskulturen überhand nehmen und die Landschaft somit verödet und der Boden ausgelaugt wird. Die Bundesregierung rund um den Bundeswirtschaftsminister möchten unteranderem Biogas bis 2024 weiter fördern um die Energieversorgung in Deutschland zu sichern und auszubauen. Ein Profiteur könnte dabei Verbio Vereinigte BioEnergie AG $VBK sein. Die VERBIO Vereinigte BioEnergie AG zählt zu den führenden Biokraftstoffherstellern in Europa und sieht sich als einziger Hersteller und Anbieter, der sowohl Biodiesel als auch Bioethanol in Deutschland und Europa vertreibt. Zu den Kunden zählen fast alle europäischen Mineralölkonzerne. Was meint ihr, ist diese Aktie ein Investment wert?

DivMaster

@DivMaster

1Année·

Biogas, a fart idea?

Biogas is considered a flexible energy source that, unlike wind and solar energy, can be stored well. In addition, biogas is considered the climate-neutral alternative to natural gas. It is a domestic, renewable energy source and offers a closed CO2 and nutrient cycle.

In 2019, approximately 9,500 biogas plants produced about 5 gigawatts of electric power. This was about 5% of gross electricity consumption.

At the same time, the production of electricity and heat generated about 8.1 billion euros in biomass sales in the same year.

The production of biogas can be more lucrative than raising animals. For many farmers, biogas has therefore become an important source of income. When they produce electricity for the public grid from biogas, they receive a certain feed-in tariff for each kilowatt hour.

But biogas plants have a problem: their profits depend on the global prices of agricultural products. As more and more new biogas plants are built, competition for biomass from the field intensifies. Since corn is the most efficient crop for biogas, critics see a danger in the proliferation of corn crops, which would desert the landscape and deplete the soil.

The federal government around the Federal Minister of Economics would like to further promote biogas until 2024 in order to secure and expand the energy supply in Germany.

A profiteer could be Verbio Vereinigte BioEnergie AG $VBK (-4,58 %) could be.

VERBIO Vereinigte BioEnergie AG is one of the leading biofuel producers in Europe and sees itself as the only manufacturer and supplier that sells both biodiesel and bioethanol in Germany and Europe.

Its customers include almost all European mineral oil companies.

What do you think, is this share worth an investment?

13 Commentaires

Smudo@Smudeo

1Année

@DivMaster Verbio - Waiting for turnaround turns into a hanging game Since Verbio was ousted from the MDAX, our former model portfolio stock has been struggling to recover. Due to low sales and high purchase price levels, the Saxony-Anhalt-based company was forced to scrap its forecast for the current fiscal year at the end of April. The SDAX share (38.25 euros; DE000A0JL9W6) slumped by almost 50% YTD in the face of the headwinds, before a short-term countermovement of 25% set in at the beginning of June. Was this the long-awaited turnaround? We still have our doubts. The main problem that Verbio currently faces is, and remains, costs. Verbio succeeded in the first nine months (as of March 31) of FY 2022/23 to expand sales by an impressive 23% to €1.5 billion, but at the same time EBIT fell by around 37% to €184.7 million. It can be assumed that there will be no significant recovery in Q4 either. The reason: low biodiesel and high raw material prices. Even if raw material prices collapsed overnight, an improvement would not be felt until later due to the long time lag between purchases and sales. According to the industry association ufop, sales prices for biodiesel have recently risen slightly by 5% to 157.7 euros/100 l, which is likely to have triggered the rally, but at the same time the price remains at a low level. And purchase prices for rapeseed oil also recently rose again sharply to a three-month high. EBIT margins have therefore melted sharply from 25 to 10% after the record year of 2022 and are likely to remain at around 10 to 12% until 2025. A turnaround is not impossible. With a net debt-free balance sheet, Verbio has a buffer to invest more in switching to waste products such as straw or chicken manure and thus escape a possible ban on biofuels from food and feed crops. However, with a 2023 P/E of 16, the stock is no bargain in historical terms (17).

•

DivMaster@DivMaster

1Année

@Smudeo very interesting! Thanks

••

Sparfuchs@Reinecke

1Année

In fact, a fart idea. Food belongs on the table and not in a biogas plant. If you look at the grain agreement between Ukraine and Russia and see what far-reaching consequences this has. From the principle not bad process gases to use from resulting "waste" here there is however also the bio ton / purification plants / urban green care - corn is now really a power and also fodder plant.

•

Julian@Juliannnnn

1Année

@KleinviehmachtMist Well. A biogas plant can also produce electricity from manure and slurry. That's a good thing. From waste -> electricity 😉.

••

Sparfuchs@Reinecke

1Année

@Juliannnnn then yes but in the sense of profit maximization corn is used here. Which then does not take its detour via the cow but goes directly into the tank.

••

Julian@Juliannnnn

1Année

@KleinviehmachtMist You're right about that. I understand what you're getting at. Nevertheless, I think it's better if more electricity is produced with corn than with coal. We live in a reasonably free market economy and farmers are allowed to decide for themselves what purpose they want to use their land. Just as you probably want a good return on your stock, the farmer wants to make a good return on his land. Due to government laws, for example, land use for biogas plants is much more profitable than land use for feeding fattening pigs, which is why biogas plants exist 🙃.

•

Sparfuchs@Reinecke

1Année

@Juliannnnn if they cancel the promotion then no more.

••

Julian@Juliannnnn

1Année

@KleinviehmachtMist How do you know that ? Have you done the math ? Biogas plants are no longer promoted as strongly as before. They are rather "sanctioned". For example, many existing plants are no longer allowed to produce as much electricity (often -10-20%). In addition, more and more regulations are coming that make it more difficult to run a biogas plant.

••

Sparfuchs@Reinecke

1Année

@Juliannnnn Yes, thank God. Biogas is also metane gas, which is more harmful to the climate than CO2 when it escapes.

••

Julian@Juliannnnn

1Année

@KleinviehmachtMist What does that have to do with the economic efficiency of a biogas plant 😅? But you're right, methane from a biogas plant is harmful. If you feed the corn to a cow, it also emits methane by excreting it. In addition, it is usually forgotten that the plants that come into the biogas plant convert CO2 back into oxygen and store the methane. This makes biogas plants a much better alternative than buying electricity from nuclear power plants in France, for example. 🙃

•

Sparfuchs@Reinecke

1Année

@Juliannnnn No, that's not what I mean - biogas is great. But only as long as you use waste products for this - if you change the agriculture to fit the biogas plant, it is unsuitable. It would be stupid if we have to buy our grain from Ukraine in the future.

•

Kevin E.@KevinE

1Année

How do you think they are valued at the current price?

••

DivMaster@DivMaster

1Année

@KevinC I think it is very exciting in terms of the key figures. In addition, the share has shown in my opinion that there is still room for improvement to the all-time high. The company seems to be profitable and is currently inexpensive with a P/E ratio of 11.63.

••