eEnergy is a pioneer of “energy as a service” in the UK and Ireland. Its compelling proposition offer schools and businesses modern, energy efficient lighting with no up-front capital cost. The upgrade comfortably pays for itself, with the customers’ cost savings more than offsetting ongoing service fees from day one. The core business is well established and growth is rapidly accelerating. eEnergy joined AIM via RTO earlier this year in order to accelerate its organic and acquisitive growth plans. There is an attractive pipeline of M&A opportunities in place, in particular within energy management, which we expect to form an important pillar of the Group’s medium term growth strategy. A forward looking rating based on peer group multiples (c.13x Dec’22 P/E) would value eEnergy at c.12p per share.
