Added to YB: 2026-05-12
Pitch date: 2026-05-08
4DS.DE [bullish]
Daldrup & Söhne Aktiengesellschaft
Author Info
No bio for this author
Company Info
Daldrup & Söhne Aktiengesellschaft, together with its subsidiaries, provides drilling and environmental services in Germany and Central Europe.
Market Cap
EUR 141.9M
Pitch Price
N/A
Price Target
44.00
Dividend
0.63%
EV/EBITDA
16.75
P/E
54.08
EV/Sales
3.47
Sector
Energy Equipment and Services
Category
growth
Daldrup & Söhne: Drilling Germany's Forgotten Energy Future $4DS
4DS.DE: Only public EU pure-play geothermal driller. Record €140M order book (4.5x YoY), 17.4% EBIT margin (vs 10-12% guide). Tailwinds: GeoBG (faster permits), KfW drilling insurance (removes dry-hole risk), €500B infrastructure fund. 60+ deep wells, irreplaceable drilling fleet & crews = moat. CEO Tönnies refocused on drilling after exiting loss-making plants. PT €44 (~30% annualized over 3yr). Risks: project execution, labor constraints, family control, small-cap liquidity. Catalysts: Pullach mega-project, Fervo IPO, data center PPAs, energy crisis.
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