Buy Or Sell Opportunity • May 27
Now 22% overvalued Over the last 90 days, the stock has fallen 3.5% to €30.50. The fair value is estimated to be €25.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.9% over the last 3 years. Earnings per share has declined by 79%. Reported Earnings • May 13
Second quarter 2026 earnings released: EPS: €0.44 (vs €0.97 in 2Q 2025) Second quarter 2026 results: EPS: €0.44 (down from €0.97 in 2Q 2025). Revenue: €1.86b (up 13% from 2Q 2025). Net income: €28.7m (down 55% from 2Q 2025). Profit margin: 1.5% (down from 3.9% in 2Q 2025). The decrease in margin was driven by higher expenses. Buy Or Sell Opportunity • May 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.3% to €30.30. The fair value is estimated to be €38.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Earnings per share has declined by 69%. Buy Or Sell Opportunity • Apr 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to €30.50. The fair value is estimated to be €38.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Earnings per share has declined by 69%. Buy Or Sell Opportunity • Mar 26
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €30.60. The fair value is estimated to be €38.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Earnings per share has declined by 69%. Upcoming Dividend • Mar 09
Upcoming dividend of €1.30 per share Eligible shareholders must have bought the stock before 16 March 2026. Payment date: 18 March 2026. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (4.0%). New Risk • Feb 22
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risk Paying a dividend despite having no free cash flows. お知らせ • Feb 02
MVV Energie AG, Annual General Meeting, Mar 13, 2026 MVV Energie AG, Annual General Meeting, Mar 13, 2026. Declared Dividend • Feb 02
Dividend increased to €1.30 Dividend of €1.30 is 4.0% higher than last year. Ex-date: 16th March 2026 Payment date: 18th March 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. お知らせ • Jan 31
MVV Energie AG announces Annual dividend, payable on March 18, 2026 MVV Energie AG announced Annual dividend of EUR 1.3000 per share payable on March 18, 2026, ex-date on March 16, 2026 and record date on March 17, 2026. Buy Or Sell Opportunity • Dec 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.4% to €30.90. The fair value is estimated to be €38.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Dec 14
Full year 2025 earnings released: EPS: €1.89 (vs €2.78 in FY 2024) Full year 2025 results: EPS: €1.89 (down from €2.78 in FY 2024). Revenue: €6.21b (down 2.5% from FY 2024). Net income: €124.5m (down 32% from FY 2024). Profit margin: 2.0% (down from 2.9% in FY 2024). The decrease in margin was driven by lower revenue. New Risk • Aug 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 17
Third quarter 2025 earnings released: EPS: €0.36 (vs €0.38 in 3Q 2024) Third quarter 2025 results: EPS: €0.36 (down from €0.38 in 3Q 2024). Revenue: €1.35b (up 3.4% from 3Q 2024). Net income: €23.7m (down 4.4% from 3Q 2024). Profit margin: 1.7% (down from 1.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • May 16
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (51% net debt to equity). Profit margins are more than 30% lower than last year (2.5% net profit margin). Reported Earnings • May 16
Second quarter 2025 earnings released: EPS: €0.97 (vs €1.05 in 2Q 2024) Second quarter 2025 results: EPS: €0.97 (down from €1.05 in 2Q 2024). Revenue: €1.61b (down 18% from 2Q 2024). Net income: €64.2m (down 7.5% from 2Q 2024). Profit margin: 4.0% (up from 3.6% in 2Q 2024). The increase in margin was driven by lower expenses. Upcoming Dividend • Mar 10
Upcoming dividend of €1.25 per share Eligible shareholders must have bought the stock before 17 March 2025. Payment date: 19 March 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (5.7%). Declared Dividend • Feb 18
Dividend of €1.25 announced Shareholders will receive a dividend of €1.25. Ex-date: 17th March 2025 Payment date: 19th March 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 3.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 9.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. お知らせ • Feb 13
MVV Energie AG Appoints Gabriël Clemens as CEO, Effective April 1, 2025 Dr. Gabriël Clemens will leave E.ON Energy Projects GmbH to take up the position as CEO of MVV Energie AG, Mannheim, from April 1, 2025. お知らせ • Feb 04
MVV Energie AG, Annual General Meeting, Mar 14, 2025 MVV Energie AG, Annual General Meeting, Mar 14, 2025, at 10:00 W. Europe Standard Time. Reported Earnings • Dec 13
Full year 2024 earnings released: EPS: €2.78 (vs €15.86 in FY 2023) Full year 2024 results: EPS: €2.78 (down from €15.86 in FY 2023). Revenue: €7.30b (up 9.0% from FY 2023). Net income: €183.0m (down 83% from FY 2023). Profit margin: 2.5% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 16
Third quarter 2024 earnings released: EPS: €0.38 (vs €1.71 in 3Q 2023) Third quarter 2024 results: EPS: €0.38 (down from €1.71 in 3Q 2023). Revenue: €1.29b (down 3.6% from 3Q 2023). Net income: €24.8m (down 78% from 3Q 2023). Profit margin: 1.9% (down from 8.4% in 3Q 2023). お知らせ • Dec 14
MVV Energie AG Proposes Regular Dividend MVV Energie AG proposed to the 2024 Annual General Meeting that the regular dividend should be increased by EUR 0.10 to EUR 1.15 per share.