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Anaergia Inc (ANRG) Fair Value & Analysis

Industrials · CA · Market cap C$396M

AI Anaergia Inc ANRG · TO
PriceC$2.36
Fair ValueC$0.5865
Upside-75.2%
Quality40/100
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Mixed Growth
Thin margins · 3.9% net margin
Negative equity (buybacks among others) · generates free cash flow
Trails peers (2/12)
Narrow moat 19/100
Evidence: Medium Range C$0.4420 – C$0.7310 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated yesterday

Share price +2.2% over the past month.

Below-average quality, and screening another 75% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (C$0.7310). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

C$25.95 C$0.2150 Fair Value C$0.5865 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range C$0.2150 – C$25.95 · fair‑value band C$0.4420 – C$0.7310 · the C$2.36 price screens above the C$0.5865 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Anaergia Inc (ANRG) currently trades at C$2.36, while our model-based Fair Value estimate is C$0.5865, implying the stock looks roughly 75.2% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Anaergia Inc generated revenue of C$211M at a net margin of 3.9%. Revenue grew 122.0% year over year. It earns a return on equity of -5.7%. Net debt stands at C$21.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from C$0.4420 (bear case) to C$0.7310 (bull case); at C$2.36, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 84% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at -75%, ANRG screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF C$0.3700 C$0.4800 C$0.6400 80
Rev-Margin DCF C$0.3600 C$0.4800 C$0.6300 74
Growth-Adj P/E C$0.5200 C$0.7400 C$0.9700 68
All 15 models by family
DCF Models
FCF DCF C$0.3700 C$0.5000 C$0.6900 38
Owner Earnings C$0.6100 C$0.8800 C$1.29 31
5Y Revenue Exit C$0.3600 C$0.4800 C$0.6400 39
5Y P/E Exit C$0.6100 C$1.00 C$1.44 38
10Y Revenue Exit C$0.3600 C$0.4700 C$0.6300 36
10Y P/E Exit C$0.5200 C$0.8100 C$1.23 35
Earnings-Based
Graham-Dodd C$0.2800 C$1.22 C$1.67 54
Lynch FV C$0.3200 C$0.4500 C$0.5900 50
PEG = 1.0 C$0.3200 C$0.4500 C$0.5900 46
Multiples
P/E Multiple C$0.6400 C$0.8500 C$1.07 63
P/S Multiple C$0.5200 C$0.6900 C$0.8600 58
EV/Revenue C$0.3500 C$0.4200 C$0.5000 43
Growth DCF
Growth DCF C$0.3700 C$0.4800 C$0.6400 80
Rev-Margin DCF C$0.3600 C$0.4800 C$0.6300 74
Growth Earnings
Growth-Adj P/E C$0.5200 C$0.7400 C$0.9700 68

Widest divergence: Growth Earnings (C$0.7400) versus Earnings-Based (C$0.4500). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) C$211M
Revenue growth (YoY) +122%
Net margin 3.9%
Return on equity -5.7%
Free cash flow C$3.3M FY2025
P/E ratio 47.2
More key figures
Operating margin -2.7%
EPS (TTM) C$0.0500
Net debt C$21.2M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 40 · Market factors (momentum, volatility) 46

Profitability 36
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Anaergia Inc., together with its subsidiaries, provides solutions for the generation of renewable energy and conversion of waste to resources in Italy, North America, Europe, the Middle East and Africa, and the Asia Pacific. It operates through three segments: Capital Sales; Operation & Maintenance Services; and Build, Own, and Operate.

Full company description

Anaergia Inc., together with its subsidiaries, provides solutions for the generation of renewable energy and conversion of waste to resources in Italy, North America, Europe, the Middle East and Africa, and the Asia Pacific. It operates through three segments: Capital Sales; Operation & Maintenance Services; and Build, Own, and Operate. The company offers OREX, a waste processing solution that capture and process organic waste contained within mixed municipal solid wastes; Omnivore anaerobic digestion to produce valuable biogas and a nutrient rich soil amendment byproduct; membrane-based system to upgrade biogas and create pipeline; liquid treatment for water re-use and nutrient recovery; and residue treatment solutions. It provides wastewater resource recovery, municipal solid waste, and agricultural waste solutions. Anaergia Inc. was founded in 2007 and is headquartered in Burlington, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Anaergia Inc reported revenue of C$180M in FY2025 versus C$154M in FY2021, a compound +4.1%/yr. Reported net income was C$7.0M in FY2025.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$180M
Latest YoY
+61.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.1%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.1%
Revenue +4.1%/yr
FY21 C$154M
FY22 C$163M
FY23 C$147M
FY24 C$112M
FY25 C$180M
Net income
FY21 −C$9.4M
FY22 −C$74.7M
FY23 −C$183M
FY24 −C$42.9M
FY25 C$7.0M

ANRG screens 75% overvalued. Compare with Waste Management, Inc →

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Cite: Fair Value Calculator (2026). "Anaergia Inc Fair Value". https://www.fairvalue-calculator.com/stock/ANRG

Peer Group

Waste Management · 168 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 40 · Bottom 25%
Fair Value upside −75% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) -3% · Bottom 25%
Revenue growth 122% · Top 25%

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 47.2× · Pricier than 75% of peers
P/S (TTM) 1.36× · Pricier than median
P/FCF 87.5× · Pricier than 75% of peers
EV/EBITDA 71.3× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 8
FUTURE 100 · sector 22
PAST 0 · sector 25
HEALTH 100 · sector 81
DIVIDEND 0 · sector 30

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Waste Management stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $226.32 $128.02 -43%
Republic Services, Inc RSG $215.08 $120.63 -44%
Waste Connections, Inc WCN C$230.52 C$78.67 -66%
Veolia Environnement SA VIE €34.47 €23.26 -33%
Clean Harbors, Inc CLH $316.65 $154.01 -51%
GFL Environmental Inc GFL C$57.56 C$44.27 -23%
GEM Co 002340 ¥6.75 ¥5.27 -22%
Zhejiang Weiming Environment Protection Co 603568 ¥15.68 ¥20.95 +34%
China Everbright Environment Group 0257 HK$5.00 HK$8.96 +79%
Beijing GeoEnviron Engineering & Technology, Inc 603588 ¥14.10 ¥9.35 -34%

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Frequently asked questions

Is Anaergia Inc (ANRG) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of C$0.5865 versus a price of C$2.36, about −75% (overvalued).
What is the fair value of ANRG?
Our model-based fair value for Anaergia Inc is C$0.5865 (as of Aug 13, 2026), built from audited fundamentals. The current price is C$2.36.
What is the quality score of ANRG?
Anaergia Inc has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Anaergia Inc (ANRG)?
Anaergia Inc reported trailing-twelve-month revenue of about C$211M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ANRG?
The net profit margin of Anaergia Inc is about 3.9%, meaning it keeps roughly 3.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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