Financials Verbund AG Börse Stuttgart

Equities

OEWA

AT0000746409

Electric Utilities

Market Closed - Börse Stuttgart 02:01:48 10/05/2024 pm IST 5-day change 1st Jan Change
71.65 EUR +3.17% Intraday chart for Verbund AG -4.34% -15.06%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,543 24,267 34,359 27,324 29,200 24,719 - -
Enterprise Value (EV) 1 17,066 25,504 37,870 31,223 29,200 26,647 27,469 28,341
P/E ratio 28 x 38.4 x 39.4 x 15.9 x 12.9 x 15.3 x 15.8 x 22.5 x
Yield 1.54% 1.07% 1.06% 4.58% - 3.51% 3.33% 2.41%
Capitalization / Revenue 3.99 x 7.5 x 38.3 x 2.64 x 2.79 x 2.56 x 3.54 x 3.84 x
EV / Revenue 4.38 x 7.88 x 42.2 x 3.02 x 2.79 x 2.76 x 3.93 x 4.4 x
EV / EBITDA 14.4 x 19.7 x 24 x 9.88 x 6.5 x 8.52 x 9.04 x 11.8 x
EV / FCF 21 x 43.3 x -50.1 x 33.6 x - 38.1 x 25.9 x 132 x
FCF Yield 4.76% 2.31% -2% 2.97% - 2.62% 3.86% 0.76%
Price to Book 2.93 x 3.95 x 6.29 x 3.76 x - 2.45 x 2.31 x 2.17 x
Nbr of stocks (in thousands) 3,47,416 3,47,416 3,47,416 3,47,416 3,47,416 3,47,416 - -
Reference price 2 44.74 69.85 98.90 78.65 84.05 71.15 71.15 71.15
Announcement Date 18/03/20 16/03/21 17/03/22 16/03/23 14/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,895 3,235 896.9 10,346 10,450 9,670 6,991 6,441
EBITDA 1 1,184 1,293 1,579 3,161 4,490 3,129 3,040 2,395
EBIT 1 819.3 914 1,162 2,626 3,502 2,602 2,435 1,817
Operating Margin 21.03% 28.26% 129.52% 25.38% 33.51% 26.91% 34.83% 28.2%
Earnings before Tax (EBT) 1 812.5 962.8 1,264 2,532 3,557 2,516 2,377 1,614
Net income 1 554.8 631.4 873.6 1,717 2,266 1,618 1,564 1,102
Net margin 14.24% 19.52% 97.4% 16.6% 21.69% 16.73% 22.38% 17.11%
EPS 2 1.600 1.820 2.510 4.940 6.520 4.653 4.499 3.168
Free Cash Flow 1 813.1 588.6 -755.9 928.6 - 699.4 1,060 214.1
FCF margin 20.88% 18.2% -84.28% 8.98% - 7.23% 15.16% 3.32%
FCF Conversion (EBITDA) 68.71% 45.53% - 29.38% - 22.36% 34.87% 8.94%
FCF Conversion (Net income) 146.56% 93.22% - 54.08% - 43.23% 67.76% 19.43%
Dividend per Share 2 0.6900 0.7500 1.050 3.600 - 2.501 2.371 1.717
Announcement Date 18/03/20 16/03/21 17/03/22 16/03/23 14/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 S1 2022 Q3 2023 Q1 2023 Q2 2023 S1 2023 Q3 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales - 1,001 - - - - 3,263 3,424 6,686 - - - - - - -
EBITDA 639 654.9 428.4 814.9 1,379 554.4 967.3 1,288 2,255 1,294 883.4 - - - - -
EBIT 435.2 459.1 - 705.7 1,184 437.5 841.4 1,147 1,988 1,158 744.7 - - - - -
Operating Margin - 45.85% - - - - 25.79% 33.49% 29.73% - - - - - - -
Earnings before Tax (EBT) 454.5 484.8 - - 1,168 - - - - - - - - - - -
Net income 310.4 324.5 286.2 514.4 817.1 248.1 529 758.2 1,287 693.4 - - - - - -
Net margin - 32.4% - - - - 16.21% 22.14% 19.25% - - - - - - -
EPS 0.8900 0.9300 - - 2.350 - 1.520 2.190 - 2.000 - - - - - -
Dividend per Share 1 - - - - - - - - - - - 0.6189 0.6189 0.6189 0.5604 0.5604
Announcement Date 30/07/20 29/07/21 17/03/22 12/05/22 28/07/22 09/11/22 11/05/23 29/07/23 29/07/23 02/11/23 08/05/24 - - - - -
1EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,523 1,237 3,511 3,898 - 1,928 2,751 3,622
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.287 x 0.9568 x 2.223 x 1.233 x - 0.6164 x 0.9048 x 1.512 x
Free Cash Flow 1 813 589 -756 929 - 699 1,060 214
ROE (net income / shareholders' equity) 10.2% 10.8% 15% 26.5% - 17.3% 15.3% 10.3%
ROA (Net income/ Total Assets) 3.68% 5.29% 6% 9.42% - 7.58% 5.56% 4.14%
Assets 1 15,077 11,946 14,550 18,219 - 21,340 28,135 26,611
Book Value Per Share 2 15.30 17.70 15.70 20.90 - 29.10 30.80 32.80
Cash Flow per Share 2 3.470 3.430 0.2800 5.810 - 7.640 6.860 5.330
Capex 1 391 602 854 1,091 - 1,750 2,172 1,766
Capex / Sales 10.04% 18.62% 95.22% 10.55% - 18.1% 31.07% 27.42%
Announcement Date 18/03/20 16/03/21 17/03/22 16/03/23 14/03/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
13
Last Close Price
71.15 EUR
Average target price
65.49 EUR
Spread / Average Target
-7.95%
Consensus
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