olivLaw · European equity research
Akcinė bendrovė "Kauno energija" KNR1L.VS
Lithuania · Nasdaq Vilnius · ISIN LT0000123010 · Vertical: Listed companies from Lithuania
Kauno energija AB is a joint-stock company with ordinary registered shares, publishing its regulated information simultaneously in Lithuanian and English through the Nasdaq Vilnius Central Regulated Information Base. Its 2024 annual report mainly documents corporate governance, and the available excerpts contain no revenue figures.
At the close of 05 Nov 2026, Akcinė bendrovė "Kauno energija" (KNR1L.VS) stock was 2.06 EUR (−2.83% on the day), with market capitalisation 88.7 m EUR, P/E 11.4 on diluted EPS of 0.18 EUR over the last 12 months, dividend yield 3.40%, beta -0.06, 52-week range 1.70–2.28 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 48.9
- neutral
- Bollinger (20, 2)
- 2.00 – 2.14
- in the lower half of the band · %B 0.43 · band width 6.5%
- SMA 50 / 200
- 2.07 / 2.01
- mixed trend
- MACD (12, 26, 9)
- -0.00 / -0.00
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −2.8% | +0.4% | −3.2 pp | — |
| 3 months | −1.9% | −3.3% | +1.4 pp | — |
| 6 months | +3.0% | +4.0% | −1.0 pp | — |
| Year to date | +8.4% | +8.1% | +0.3 pp | — |
| 1 year | +12.0% | +10.7% | +1.3 pp | +10.8% |
| 3 years | unavailable | +50.1% | unavailable | +50.0% |
| 5 years | +77.6% | +43.6% | +34.0 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 2-quarter history (min 5.2, median 5.8, max 6.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 |
|---|---|---|
| Revenue | 85.0 m | 84.8 m |
| Revenue YoY | unavailable | −0.3% |
| Net income | 6.1 m | 7.8 m |
| Net income YoY | unavailable | +27.6% |
| Diluted EPS | 0.14 | 0.18 |
| Diluted EPS YoY | unavailable | +28.6% |
| net % | 7.1% | 9.1% |
| Free cash flow | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 11.1 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 105.4 m EUR
- Total assets
- 229.2 m EUR
- Debt / equity
- unavailable
- Current ratio
- 1.37x
- ROE
- 7.6%
- ROA
- 3.5%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | Source (latest year) |
|---|---|---|---|
| Revenue | 85.0 m | 84.8 m | esef· 29 Apr 2025verified |
| Operating income | 7.6 m | 9.0 m | esef· 29 Apr 2025verified |
| Depreciation & amortisation | 6.7 m | 7.5 m | esef· 29 Apr 2025verified |
| EBITDA | 14.3 m ≈ | 16.5 m ≈ | esef· 29 Apr 2025derived |
| Interest expense | 1.3 m | 1.8 m | esef· 29 Apr 2025verified |
| Pre-tax income | 7.0 m | 7.9 m | esef· 29 Apr 2025verified |
| Income tax | 202.0 k | -30.0 k | esef· 29 Apr 2025verified |
| Net income | 6.1 m | 7.8 m | esef· 29 Apr 2025verified |
| Diluted EPS | 0.14 | 0.18 | esef· 29 Apr 2025verified |
| Dividend per share | 0.07 | 0.07 | esef· 29 Apr 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2023 | 2024 | Source (latest year) |
|---|---|---|---|
| Cash | 8.5 m | 11.1 m | esef· 29 Apr 2025verified |
| Receivables | 17.2 m | 16.6 m | esef· 29 Apr 2025verified |
| Inventories | 1.8 m | 1.8 m | esef· 29 Apr 2025verified |
| Current assets | 28.5 m | 31.4 m | esef· 29 Apr 2025verified |
| Property, plant & equipment, net | 183.5 m | 196.1 m | esef· 29 Apr 2025verified |
| Intangibles (excl. goodwill) | 249.0 k | 314.0 k | esef· 29 Apr 2025verified |
| Total assets | 213.5 m | 229.2 m | esef· 29 Apr 2025verified |
| Accounts payable | 14.1 m | 12.4 m | esef· 29 Apr 2025verified |
| Current liabilities | 22.3 m | 23.0 m | esef· 29 Apr 2025verified |
| Total liabilities | 115.9 m | 123.8 m | esef· 29 Apr 2025verified |
| Equity | 97.6 m | 105.4 m | esef· 29 Apr 2025verified |
| Shares outstanding at year end | 43.4 m | 43.1 m | esef· 29 Apr 2025derived |
Cash flow · EUR
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 33.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 88.7 m EUR
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
33% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.95 – 2.08 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E1.28 – 2.08 (Mid 1.43)11 companies used · median multiple 7.9x · quartiles 7.1x – 11.5xAKO1L.VS, APG1L.VS, GRG1L.VS, INR1L.VS, IVL1L.VS, KNE1L.VS, LGD1L.VS, RSU1L.VS, VBL1L.VS, VLP1L.VS, ZMP1L.VS
- Dividend discount (DDM)0.95 – 1.30 (Mid 1.10)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 9.1% | 73 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 4.9x | 53 (on a fixed band) | 19% |
| Current ratio · Balance sheet | 1.4x | 47 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | 11.4x | 38 (vs peers) | 31% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 0.0% | 0 (on a fixed band) | 19% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet50/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial73/100 · 1/3 factors with a value
- Returns· partial0/100 · 1/2 factors with a value
- Valuation· partial38/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Akcinė bendrovė "Kauno energija" (KNR1L.VS). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 84.8 m EUR in 2024; YoY growth -0.3%; net margin 9.1%; ROE 7.6%.
The estimated value range is 1.11–1.69 EUR per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 1.26 EUR, the price of 2.06 EUR leaves a potential of -38.7% (value / price − 1) and a margin of safety of -63.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 9.1%
What contradicts it
- Shareholder yield (distributions): 0.0%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from Lithuania · same country · compared with 15 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| LGD1L.VSLitgrid Ab | 571.2 m | 16.7 | 13.0% | 8.0% | +14.2% | +38% / +67% |
| IVL1L.VSAkcinė bendrovė "Invalda INVL" | 318.0 m | 7.0 | 19.7% | 230.8% | +44.6% | +21% / +165% |
| AKO1L.VSAB Akola group | 267.2 m | 7.2 | 10.5% | 2.5% | −4.4% | +4% / +58% |
| APG1L.VSAkcinė prekybos bendrovė "APRANGA" | 213.6 m | 13.2 | 23.9% | 5.3% | +4.9% | +22% / +44% |
| AMG1L.VSAB "Amber Grid" | 199.3 m | 120.0 | 0.8% | 2.0% | −6.4% | 0% / +4% |
| VLP1L.VSAb "vilkyškių Pieninė" | 184.2 m | 16.8 | 12.6% | 3.8% | +16.9% | +46% / +228% |
| KNE1L.VSAB "KN Energies" | 180.3 m | 9.9 | 10.8% | 17.3% | +12.3% | +41% / +139% |
| GRG1L.VSAB "Grigeo" | 131.7 m | 7.9 | 12.5% | 6.7% | +15.7% | +0% / +2% |
| RSU1L.VSAkcinė bendrovė "ROKIŠKIO SŪRIS" | 130.5 m | 7.6 | 11.1% | 4.3% | +8.7% | −7% / +46% |
| ZMP1L.VSAkcinė bendrovė "ŽEMAITIJOS PIENAS" | 117.1 m | 5.4 | 14.1% | 6.4% | +10.6% | +9% / +68% |
| KNR1L.VSAkcinė bendrovė "Kauno energija" | 88.7 m | 11.4 | 7.6% | 9.1% | −0.3% | +16% / +124% |
| VBL1L.VSAkcinė bendrovė "VILNIAUS BALDAI" | 37.4 m | 8.4 | 11.5% | 4.3% | +7.1% | −5% / +54% |
| INL1L.VSAkcinė bendrovė "INVL Baltic Farmland" | 23.7 m | 29.0 | 4.1% | 91.6% | +6.7% | +12% / +1% |
| INR1L.VSSpecialioji uždarojo tipo nekilnojamojo turto investicinė bendrovė "INVL Baltic Real Estate" | 21.5 m | 5.9 | 13.7% | 89.4% | +2.8% | −15% / +34% |
| NTU1L.VSAkcinė bendrovė "Novaturas" | 5.8 m | — | -64.2% | -3.8% | −3.6% | unavailable / unavailable |
| AUG1L.VSAUGA group, AB | — | — | -43.3% | -20.7% | −6.9% | +15% / −73% |
1- and 3-year price returns: for KNR1L.VS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 1.16 Total return -41% · Per year -41% | 2.05 Total return 3% · Per year 3% | 3.10 Total return 55% · Per year 55% |
| 3 years | 1.02 Total return -43% · Per year -17% | 2.04 Total return 9% · Per year 3% | 3.39 Total return 78% · Per year 21% |
| 5 years | 0.89 Total return -45% · Per year -11% | 2.02 Total return 15% · Per year 3% | 3.72 Total return 103% · Per year 15% |
- Exit P/E± 0.51
- Net margin± 0.36
- Annual revenue growth± 0.31
- Annual dilution± 0.03
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Kauno energija AB is a joint-stock company with ordinary registered shares, publishing its regulated information simultaneously in Lithuanian and English through the Nasdaq Vilnius Central Regulated Information Base. Its 2024 annual report mainly documents corporate governance, and the available excerpts contain no revenue figures 1.
SWOT
Strengths
- Shares carry equal rights for all shareholders, which reduces the risk of unequal treatment of investors.
- Publishing information simultaneously in two languages and on the regulated exchange platform supports transparency.
- The company runs internal control and business ethics policies with a clear public stance against bribery and corruption.
Weaknesses
- Electronic participation in general meetings is not ensured, which limits remote shareholder participation.
- The Supervisory Board does not carry out a formal annual self-assessment and does not report on one publicly.
- The report gives no detail on operations or revenue structure, which limits analysis.
Opportunities
- Wider electronic voting could make it easier for shareholders abroad to take part.
- Publishing more operational data could improve investors' understanding of the company.
- A formal annual board assessment could strengthen the confidence of minority shareholders.
Threats
- Reliance on the controlling shareholder, who proposes board candidates, may limit the independence of governance.
- Non-compliance with some governance recommendations may draw criticism from institutional investors.
- A lack of detailed operating information may create uncertainty for investors analysing the company.
Risks
- Dependence on the controlling shareholdermedium
Candidates for the Supervisory Board are proposed by the controlling shareholder, which could affect the independence of supervisory decisions.
- Limited remote participationlow
The absence of secure electronic voting may reduce participation by shareholders who cannot attend meetings in person.
- No board self-assessmentmedium
The lack of a formal, public assessment of the Supervisory Board limits shareholders' ability to monitor the body's effectiveness.
- Major transactions require approvalmedium
Transactions involving long-term assets above the approval threshold need decisions by governing bodies, and failure to apply this correctly could create legal risk.
- Limited operating informationhigh
Financial and operational analysis is hard to carry out because the sources include no revenue or profit figures.
Investment thesis
What would need to be true (bull case)
- If governance practices are strengthened, investors could view the company as more transparent and predictable.
- Equal rights for shareholders and bilingual publication of information support market confidence.
- If electronic voting is adopted, shareholder participation could rise.
What would break the thesis
- The lack of a formal board self-assessment and reliance on the controlling shareholder could limit investor confidence.
- Non-compliance with some governance recommendations could lead investors to take a more cautious view.
- The absence of operating and revenue data in the reviewed report makes a full evaluation of the company difficult.
What to watch
- Publication of the half-year report with details on board members' positions and experience2025
- Possible introduction of a formal self-assessment of the Supervisory Board2025
- Decisions on electronic participation in general meetings2025
- Next annual report with revenue figures and business segmentsnext annual report
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
From the available sources, the company is a joint-stock company registered in Lithuania whose authorized capital consists of ordinary registered shares granting equal voting, ownership and dividend rights to all shareholders 1. The annual report for the year ended 31 December 2024 mainly describes the governance structure rather than detailed operations. The sources do not state the company's business lines, so the description of its business model remains limited.
Segments
Shareholders and share capital
Ordinary registered shares carry equal voting, ownership and dividend rights, and the company states that investors can review the rights attached to new or previously issued shares in advance 1.
General Meeting and Supervisory Board
The Supervisory Board is elected for a four-year term, and the General Meeting can remove the whole board or individual members before the term ends 1. The sources do not provide revenue by business segment.
Market context
The annual report does not describe the market in which Kauno energija operates, its market share or the size of that market. The company's information is published on Nasdaq Vilnius in Lithuanian and English 1. A market analysis would require additional sources not present in the document reviewed.
Competitive position
The analysed sources do not identify any competitors of the company or describe its position relative to other operators. A competitive analysis cannot be carried out from this annual report, which focuses on corporate governance.
- Not identified in sources
The source analysed does not name competitors, so no company can be identified.
- Not identified in sources
Data on other operators in the company's sector are missing from the available documents.
- Not identified in sources
No comparable company is named in the annual report reviewed.
- Not identified in sources
A possible competitor cannot be identified without additional sources.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202429 Apr 2025
- Annual report 202429 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2024-12-31 (ESEF) · SEC / Akcinė bendrovė "Kauno energija" · 31 Dec 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.