View ValuationVERBUND 향후 성장Future 기준 점검 0/6VERBUND 의 수익과 수익은 각각 연간 5.9% 및 3.4% 감소할 것으로 예상됩니다. EPS는 연간 4.4% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 8.5% 로 예상됩니다.핵심 정보-3.4%이익 성장률-4.38%EPS 성장률Electric Utilities 이익 성장7.6%매출 성장률-5.9%향후 자기자본이익률8.52%애널리스트 커버리지Good마지막 업데이트21 May 2026최근 향후 성장 업데이트공시 • Mar 22VERBUND AG Provides Earnings Guidance for the Year 2025VERBUND AG provided earnings guidance for the year 2025. The company expects group result of between around €1,350 million and €1,750 million in financial year 2025.모든 업데이트 보기Recent updatesReported Earnings • May 14First quarter 2026 earnings released: EPS: €0.78 (vs €1.14 in 1Q 2025)First quarter 2026 results: EPS: €0.78 (down from €1.14 in 1Q 2025). Revenue: €1.94b (down 16% from 1Q 2025). Net income: €269.8m (down 32% from 1Q 2025). Profit margin: 14% (down from 17% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Apr 21Upcoming dividend of €3.15 per shareEligible shareholders must have bought the stock before 28 April 2026. Payment date: 11 May 2026. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Czech dividend payers (7.8%). Lower than average of industry peers (3.7%).Declared Dividend • Mar 27Dividend of €3.15 announcedShareholders will receive a dividend of €3.15. Ex-date: 28th April 2026 Payment date: 11th May 2026 Dividend yield will be 0.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 21% over the next 3 years. However, it would need to fall by 48% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Mar 19Full year 2025 earnings released: EPS: €4.29 (vs €5.40 in FY 2024)Full year 2025 results: EPS: €4.29 (down from €5.40 in FY 2024). Revenue: €8.03b (down 2.7% from FY 2024). Net income: €1.49b (down 21% from FY 2024). Profit margin: 19% (down from 23% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 5.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year.공시 • Mar 19VERBUND AG announces Annual dividend, payable on May 11, 2026VERBUND AG announced Annual dividend of EUR 2.0000 per share payable on May 11, 2026, ex-date on April 28, 2026 and record date on April 29, 2026.Declared Dividend • Jan 05Dividend of €1.15 announcedShareholders will receive a dividend of €1.15. Ex-date: 28th April 2026 Payment date: 11th May 2026 Dividend yield will be 0.07%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 18% over the next 3 years. However, it would need to fall by 36% to increase the payout ratio to a potentially unsustainable range.공시 • Dec 09VERBUND AG, Annual General Meeting, Apr 21, 2026VERBUND AG, Annual General Meeting, Apr 21, 2026.Declared Dividend • Dec 07Dividend of €1.15 announcedShareholders will receive a dividend of €1.15. Ex-date: 28th April 2026 Payment date: 11th May 2026 Dividend yield will be 0.08%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 25% over the next 3 years. However, it would need to fall by 36% to increase the payout ratio to a potentially unsustainable range.공시 • Dec 04VERBUND AG Proposes Special Dividend for the Financial Year 2025The Executive Board of VERBUND AG has resolved to propose to the 2026 Annual General Meeting a special dividend of €1.15 per share for financial year 2025 in addition to the regular dividend. The special dividend equates to an amount of approximately €400 million and supports shareholder-orientated capital allocation.Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: €1.18 (vs €1.37 in 3Q 2024)Third quarter 2025 results: EPS: €1.18 (down from €1.37 in 3Q 2024). Revenue: €1.84b (down 5.4% from 3Q 2024). Net income: €409.5m (down 14% from 3Q 2024). Profit margin: 22% (down from 25% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 9.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.8%.공시 • Oct 11+ 3 more updatesVERBUND AG to Report Fiscal Year 2025 Results on Mar 18, 2026VERBUND AG announced that they will report fiscal year 2025 results on Mar 18, 2026Reported Earnings • Aug 02Second quarter 2025 earnings released: EPS: €1.17 (vs €1.16 in 2Q 2024)Second quarter 2025 results: EPS: €1.17 (up from €1.16 in 2Q 2024). Revenue: €1.81b (down 4.1% from 2Q 2024). Net income: €406.0m (flat on 2Q 2024). Profit margin: 23% (up from 21% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.9%.Reported Earnings • May 16First quarter 2025 earnings released: EPS: €1.14 (vs €1.46 in 1Q 2024)First quarter 2025 results: EPS: €1.14 (down from €1.46 in 1Q 2024). Revenue: €2.30b (up 14% from 1Q 2024). Net income: €396.7m (down 22% from 1Q 2024). Profit margin: 17% (down from 25% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Declared Dividend • Mar 23Dividend of €2.80 announcedShareholders will receive a dividend of €2.80. Ex-date: 6th May 2025 Payment date: 19th May 2025 Dividend yield will be 0.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 30% 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. EPS is expected to decline by 30% over the next 3 years. Since a fall of 22% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.공시 • Mar 22VERBUND AG Provides Earnings Guidance for the Year 2025VERBUND AG provided earnings guidance for the year 2025. The company expects group result of between around €1,350 million and €1,750 million in financial year 2025.공시 • Mar 21VERBUND AG announces Annual dividend, payable on May 19, 2025VERBUND AG announced Annual dividend of EUR 2.8000 per share payable on May 19, 2025, ex-date on May 06, 2025 and record date on May 07, 2025.Reported Earnings • Mar 21Full year 2024 earnings released: EPS: €5.40 (vs €6.52 in FY 2023)Full year 2024 results: EPS: €5.40 (down from €6.52 in FY 2023). Revenue: €8.38b (down 20% from FY 2023). Net income: €1.88b (down 17% from FY 2023). Profit margin: 22% (in line with FY 2023). Revenue is expected to decline by 9.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.2%.공시 • Jan 27VERBUND AG, Annual General Meeting, Apr 29, 2025VERBUND AG, Annual General Meeting, Apr 29, 2025.Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: €1.37 (vs €2.00 in 3Q 2023)Third quarter 2024 results: EPS: €1.37 (down from €2.00 in 3Q 2023). Revenue: €1.97b (down 36% from 3Q 2023). Net income: €477.1m (down 31% from 3Q 2023). Profit margin: 24% (up from 22% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to decline by 6.9% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.8%.공시 • Oct 15+ 2 more updatesVERBUND AG to Report Q1, 2025 Results on May 14, 2025VERBUND AG announced that they will report Q1, 2025 results at 8:00 AM, Central European Standard Time on May 14, 2025공시 • Oct 14VERBUND AG to Report Fiscal Year 2024 Results on Mar 20, 2025VERBUND AG announced that they will report fiscal year 2024 results at 8:00 AM, Central European Standard Time on Mar 20, 2025공시 • Aug 27VERBUND AG (WBAG:VER) acquired remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH.VERBUND AG (WBAG:VER) acquired remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH on August 26, 2024. The Solavolta brand name will remain. VERBUND AG (WBAG:VER) completed the acquisition of remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH on August 26, 2024.Reported Earnings • May 10First quarter 2024 earnings released: EPS: €1.46 (vs €1.52 in 1Q 2023)First quarter 2024 results: EPS: €1.46 (down from €1.52 in 1Q 2023). Revenue: €2.05b (down 37% from 1Q 2023). Net income: €506.0m (down 4.3% from 1Q 2023). Profit margin: 25% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 18% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 30Upcoming dividend of €4.15 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Czech dividend payers (8.7%). In line with average of industry peers (5.8%).Buy Or Sell Opportunity • Feb 09Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at Kč1,762. The fair value is estimated to be Kč2,204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to decline by 18% per annum. Earnings are also forecast to decline by 14% per annum over the same time period.New Risk • Nov 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 11% per year for the foreseeable future.공시 • Oct 27VERBUND AG acquired 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX).VERBUND AG acquired 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX) on October 25, 2023. The wind portfolio comprises five operational wind farms with a total capacity of 38.4 MW (Oedelum, Quelkhorn, Mariengarten, Münster and Frielendorf Süd) as well as a 18 MW wind project in Feldatal that is planned to come on stream in quarter 3/2024. VERBUND will only take over the project under construction after commissioning.VERBUND AG completed the acquisition of 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX) on October 25, 2023.공시 • Sep 28+ 1 more updateVERBUND AG to Report Fiscal Year 2023 Results on Mar 14, 2024VERBUND AG announced that they will report fiscal year 2023 results at 8:00 AM, Central European Standard Time on Mar 14, 2024공시 • Sep 27+ 2 more updatesVERBUND AG to Report Q1, 2024 Results on May 08, 2024VERBUND AG announced that they will report Q1, 2024 results on May 08, 2024Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: €2.18 (vs €0.87 in 2Q 2022)Second quarter 2023 results: EPS: €2.18 (up from €0.87 in 2Q 2022). Revenue: €3.42b (up 56% from 2Q 2022). Net income: €758.3m (up 150% from 2Q 2022). Profit margin: 22% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 3.8% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.공시 • Jul 26VERBUND AG (WBAG:VER) acquired Operative wind power plants in Spain from EDP Renewables Europe, S.L.VERBUND AG (WBAG:VER) acquired Operative wind power plants in Spain from EDP Renewables Europe, S.L. on July 25, 2023. VERBUND has acquired Operative wind power plants in Spain for an enterprise value of approximately €0.46 billion. VERBUND AG (WBAG:VER) completed the acquisition of Operative wind power plants in Spain from EDP Renewables Europe, S.L. on July 25, 2023.공시 • Sep 29+ 3 more updatesVERBUND AG to Report First Half, 2023 Results on Jul 27, 2023VERBUND AG announced that they will report first half, 2023 results on Jul 27, 2023Valuation Update With 7 Day Price Move • Sep 23Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to Kč2,180, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Electric Utilities industry in Europe. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč2,014 per share.Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to Kč2,633, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electric Utilities industry in Europe. Total returns to shareholders of 95% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč2,210 per share.공시 • Jul 28+ 1 more updateVerbund Ag Proposes Special DividendVERBUND AG has resolved to propose to the 2023 Annual General Meeting that on the basis of the strong business performance a special dividend of EUR 400 million be paid in addition to the regular dividend. Distribution of the dividends must be approved by the Supervisory Board at the meeting at which the annual financial statements are to be approved and also requires the approval of the shareholders of VERBUND AG at the 2023 Annual General Meeting.Reported Earnings • May 31First quarter 2022 earnings released: EPS: €1.48 (vs €0.42 in 1Q 2021)First quarter 2022 results: EPS: €1.48 (up from €0.42 in 1Q 2021). Revenue: €2.56b (up 279% from 1Q 2021). Net income: €514.4m (up 256% from 1Q 2021). Profit margin: 20% (down from 22% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to decline by 16% while the industry in Europe is not expected to grow. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.공시 • May 26VERBUND AG Proposes Special Dividend for Financial Year 2022The Executive Board of VERBUND AG has resolved to propose to the 2023 Annual General Meeting the distribution of a special dividend in the amount of €400 million in addition to the regular dividend, which is based on a payout ratio of between 45% and 55% of the Group result for 2022 after adjustment for non-recurring effects. Distribution of the dividends must be approved by the Supervisory Board at the meeting at which the annual financial statements are to be approved and also requires the approval of the shareholders of VERBUND AG at the 2023 Annual General Meeting.공시 • May 10VERBUND AG (WBAG:VER) agreed to acquire 100% stake in 82 MWp of operating solar parks in Spain from Funds managed by Q-Energy Private Equity, S.G.E.I.C., S.A.VERBUND AG (WBAG:VER) agreed to acquire 100% stake in 82 MWp of operating solar parks in Spain from Funds managed by Q-Energy Private Equity, S.G.E.I.C., S.A. on May 9, 2022. Furthermore, the acquisition also includes an extensive development platform (wind and PV), together with its development team.이익 및 매출 성장 예측SEP:VER - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20287,0581,0783002,044712/31/20277,4411,298992,1561012/31/20267,4391,102-4041,92883/31/20267,6771,3634171,834N/A12/31/20258,0331,4895501,919N/A9/30/20258,2971,7001,3112,570N/A6/30/20258,4021,7681,5522,737N/A3/31/20258,5451,7661,7282,858N/A12/31/20248,2581,8752,1113,249N/A9/30/20246,5191,6732,1993,262N/A6/30/20247,6771,8892,5334,037N/A3/31/20249,2162,2433,1934,649N/A12/31/202310,4712,2663,6845,083N/A9/30/202312,5302,6323,6505,052N/A6/30/202312,3122,1873,0553,995N/A3/31/202311,0881,7322,1963,174N/A12/31/202210,3571,7179292,020N/A9/30/20229,5851,351-415708N/A6/30/20227,7951,366-474592N/A3/31/20226,5011,243-891104N/A12/31/20214,787874-75698N/A9/30/20213,754741145840N/A6/30/20213,4676463471,024N/A3/31/20213,0186204641,088N/A12/31/20203,4576315801,182N/A9/30/20203,6025826131,163N/A6/30/20203,6235276021,098N/A3/31/20203,9555336581,123N/A12/31/20193,906555N/A1,204N/A9/30/20193,426601N/A1,016N/A6/30/20193,303544N/A875N/A3/31/20193,140490N/A745N/A12/31/20182,680433N/A664N/A9/30/20182,835315N/A699N/A6/30/20182,813374N/A735N/A3/31/20182,854330N/A786N/A12/31/20172,916301N/A641N/A9/30/20172,845354N/A631N/A6/30/20172,822425N/A713N/A3/31/20172,810436N/A692N/A12/31/20162,806424N/A804N/A9/30/20162,999319N/A750N/A6/30/20163,038165N/A729N/A3/31/20163,103227N/A774N/A12/31/20152,982208N/A674N/A9/30/20152,902293N/A687N/A6/30/20152,874209N/A794N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: VER 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -3.4%).수익 vs 시장: VER 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -3.4%).고성장 수익: VER 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: VER 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -5.9%).고성장 매출: VER 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -5.9%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: VER의 자본 수익률은 3년 후 8.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 11:18종가2026/05/12 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스VERBUND AG는 27명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Monica GirardiBarclaysPeter CramptonBarclaysAndrew FisherBerenberg24명의 분석가 더 보기
공시 • Mar 22VERBUND AG Provides Earnings Guidance for the Year 2025VERBUND AG provided earnings guidance for the year 2025. The company expects group result of between around €1,350 million and €1,750 million in financial year 2025.
Reported Earnings • May 14First quarter 2026 earnings released: EPS: €0.78 (vs €1.14 in 1Q 2025)First quarter 2026 results: EPS: €0.78 (down from €1.14 in 1Q 2025). Revenue: €1.94b (down 16% from 1Q 2025). Net income: €269.8m (down 32% from 1Q 2025). Profit margin: 14% (down from 17% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Apr 21Upcoming dividend of €3.15 per shareEligible shareholders must have bought the stock before 28 April 2026. Payment date: 11 May 2026. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Czech dividend payers (7.8%). Lower than average of industry peers (3.7%).
Declared Dividend • Mar 27Dividend of €3.15 announcedShareholders will receive a dividend of €3.15. Ex-date: 28th April 2026 Payment date: 11th May 2026 Dividend yield will be 0.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 21% over the next 3 years. However, it would need to fall by 48% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Mar 19Full year 2025 earnings released: EPS: €4.29 (vs €5.40 in FY 2024)Full year 2025 results: EPS: €4.29 (down from €5.40 in FY 2024). Revenue: €8.03b (down 2.7% from FY 2024). Net income: €1.49b (down 21% from FY 2024). Profit margin: 19% (down from 23% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 5.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year.
공시 • Mar 19VERBUND AG announces Annual dividend, payable on May 11, 2026VERBUND AG announced Annual dividend of EUR 2.0000 per share payable on May 11, 2026, ex-date on April 28, 2026 and record date on April 29, 2026.
Declared Dividend • Jan 05Dividend of €1.15 announcedShareholders will receive a dividend of €1.15. Ex-date: 28th April 2026 Payment date: 11th May 2026 Dividend yield will be 0.07%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 18% over the next 3 years. However, it would need to fall by 36% to increase the payout ratio to a potentially unsustainable range.
공시 • Dec 09VERBUND AG, Annual General Meeting, Apr 21, 2026VERBUND AG, Annual General Meeting, Apr 21, 2026.
Declared Dividend • Dec 07Dividend of €1.15 announcedShareholders will receive a dividend of €1.15. Ex-date: 28th April 2026 Payment date: 11th May 2026 Dividend yield will be 0.08%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 25% over the next 3 years. However, it would need to fall by 36% to increase the payout ratio to a potentially unsustainable range.
공시 • Dec 04VERBUND AG Proposes Special Dividend for the Financial Year 2025The Executive Board of VERBUND AG has resolved to propose to the 2026 Annual General Meeting a special dividend of €1.15 per share for financial year 2025 in addition to the regular dividend. The special dividend equates to an amount of approximately €400 million and supports shareholder-orientated capital allocation.
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: €1.18 (vs €1.37 in 3Q 2024)Third quarter 2025 results: EPS: €1.18 (down from €1.37 in 3Q 2024). Revenue: €1.84b (down 5.4% from 3Q 2024). Net income: €409.5m (down 14% from 3Q 2024). Profit margin: 22% (down from 25% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 9.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.8%.
공시 • Oct 11+ 3 more updatesVERBUND AG to Report Fiscal Year 2025 Results on Mar 18, 2026VERBUND AG announced that they will report fiscal year 2025 results on Mar 18, 2026
Reported Earnings • Aug 02Second quarter 2025 earnings released: EPS: €1.17 (vs €1.16 in 2Q 2024)Second quarter 2025 results: EPS: €1.17 (up from €1.16 in 2Q 2024). Revenue: €1.81b (down 4.1% from 2Q 2024). Net income: €406.0m (flat on 2Q 2024). Profit margin: 23% (up from 21% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.9%.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: €1.14 (vs €1.46 in 1Q 2024)First quarter 2025 results: EPS: €1.14 (down from €1.46 in 1Q 2024). Revenue: €2.30b (up 14% from 1Q 2024). Net income: €396.7m (down 22% from 1Q 2024). Profit margin: 17% (down from 25% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Declared Dividend • Mar 23Dividend of €2.80 announcedShareholders will receive a dividend of €2.80. Ex-date: 6th May 2025 Payment date: 19th May 2025 Dividend yield will be 0.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 30% 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. EPS is expected to decline by 30% over the next 3 years. Since a fall of 22% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
공시 • Mar 22VERBUND AG Provides Earnings Guidance for the Year 2025VERBUND AG provided earnings guidance for the year 2025. The company expects group result of between around €1,350 million and €1,750 million in financial year 2025.
공시 • Mar 21VERBUND AG announces Annual dividend, payable on May 19, 2025VERBUND AG announced Annual dividend of EUR 2.8000 per share payable on May 19, 2025, ex-date on May 06, 2025 and record date on May 07, 2025.
Reported Earnings • Mar 21Full year 2024 earnings released: EPS: €5.40 (vs €6.52 in FY 2023)Full year 2024 results: EPS: €5.40 (down from €6.52 in FY 2023). Revenue: €8.38b (down 20% from FY 2023). Net income: €1.88b (down 17% from FY 2023). Profit margin: 22% (in line with FY 2023). Revenue is expected to decline by 9.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.2%.
공시 • Jan 27VERBUND AG, Annual General Meeting, Apr 29, 2025VERBUND AG, Annual General Meeting, Apr 29, 2025.
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: €1.37 (vs €2.00 in 3Q 2023)Third quarter 2024 results: EPS: €1.37 (down from €2.00 in 3Q 2023). Revenue: €1.97b (down 36% from 3Q 2023). Net income: €477.1m (down 31% from 3Q 2023). Profit margin: 24% (up from 22% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to decline by 6.9% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.8%.
공시 • Oct 15+ 2 more updatesVERBUND AG to Report Q1, 2025 Results on May 14, 2025VERBUND AG announced that they will report Q1, 2025 results at 8:00 AM, Central European Standard Time on May 14, 2025
공시 • Oct 14VERBUND AG to Report Fiscal Year 2024 Results on Mar 20, 2025VERBUND AG announced that they will report fiscal year 2024 results at 8:00 AM, Central European Standard Time on Mar 20, 2025
공시 • Aug 27VERBUND AG (WBAG:VER) acquired remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH.VERBUND AG (WBAG:VER) acquired remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH on August 26, 2024. The Solavolta brand name will remain. VERBUND AG (WBAG:VER) completed the acquisition of remaining 50% stake in SOLAVOLTA Energie- und Umwelttechnik GmbH on August 26, 2024.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: €1.46 (vs €1.52 in 1Q 2023)First quarter 2024 results: EPS: €1.46 (down from €1.52 in 1Q 2023). Revenue: €2.05b (down 37% from 1Q 2023). Net income: €506.0m (down 4.3% from 1Q 2023). Profit margin: 25% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 18% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 30Upcoming dividend of €4.15 per shareEligible shareholders must have bought the stock before 07 May 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Czech dividend payers (8.7%). In line with average of industry peers (5.8%).
Buy Or Sell Opportunity • Feb 09Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at Kč1,762. The fair value is estimated to be Kč2,204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to decline by 18% per annum. Earnings are also forecast to decline by 14% per annum over the same time period.
New Risk • Nov 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 11% per year for the foreseeable future.
공시 • Oct 27VERBUND AG acquired 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX).VERBUND AG acquired 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX) on October 25, 2023. The wind portfolio comprises five operational wind farms with a total capacity of 38.4 MW (Oedelum, Quelkhorn, Mariengarten, Münster and Frielendorf Süd) as well as a 18 MW wind project in Feldatal that is planned to come on stream in quarter 3/2024. VERBUND will only take over the project under construction after commissioning.VERBUND AG completed the acquisition of 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc (LON:IPX) on October 25, 2023.
공시 • Sep 28+ 1 more updateVERBUND AG to Report Fiscal Year 2023 Results on Mar 14, 2024VERBUND AG announced that they will report fiscal year 2023 results at 8:00 AM, Central European Standard Time on Mar 14, 2024
공시 • Sep 27+ 2 more updatesVERBUND AG to Report Q1, 2024 Results on May 08, 2024VERBUND AG announced that they will report Q1, 2024 results on May 08, 2024
Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: €2.18 (vs €0.87 in 2Q 2022)Second quarter 2023 results: EPS: €2.18 (up from €0.87 in 2Q 2022). Revenue: €3.42b (up 56% from 2Q 2022). Net income: €758.3m (up 150% from 2Q 2022). Profit margin: 22% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 3.8% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
공시 • Jul 26VERBUND AG (WBAG:VER) acquired Operative wind power plants in Spain from EDP Renewables Europe, S.L.VERBUND AG (WBAG:VER) acquired Operative wind power plants in Spain from EDP Renewables Europe, S.L. on July 25, 2023. VERBUND has acquired Operative wind power plants in Spain for an enterprise value of approximately €0.46 billion. VERBUND AG (WBAG:VER) completed the acquisition of Operative wind power plants in Spain from EDP Renewables Europe, S.L. on July 25, 2023.
공시 • Sep 29+ 3 more updatesVERBUND AG to Report First Half, 2023 Results on Jul 27, 2023VERBUND AG announced that they will report first half, 2023 results on Jul 27, 2023
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to Kč2,180, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Electric Utilities industry in Europe. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč2,014 per share.
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to Kč2,633, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electric Utilities industry in Europe. Total returns to shareholders of 95% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Kč2,210 per share.
공시 • Jul 28+ 1 more updateVerbund Ag Proposes Special DividendVERBUND AG has resolved to propose to the 2023 Annual General Meeting that on the basis of the strong business performance a special dividend of EUR 400 million be paid in addition to the regular dividend. Distribution of the dividends must be approved by the Supervisory Board at the meeting at which the annual financial statements are to be approved and also requires the approval of the shareholders of VERBUND AG at the 2023 Annual General Meeting.
Reported Earnings • May 31First quarter 2022 earnings released: EPS: €1.48 (vs €0.42 in 1Q 2021)First quarter 2022 results: EPS: €1.48 (up from €0.42 in 1Q 2021). Revenue: €2.56b (up 279% from 1Q 2021). Net income: €514.4m (up 256% from 1Q 2021). Profit margin: 20% (down from 22% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to decline by 16% while the industry in Europe is not expected to grow. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.
공시 • May 26VERBUND AG Proposes Special Dividend for Financial Year 2022The Executive Board of VERBUND AG has resolved to propose to the 2023 Annual General Meeting the distribution of a special dividend in the amount of €400 million in addition to the regular dividend, which is based on a payout ratio of between 45% and 55% of the Group result for 2022 after adjustment for non-recurring effects. Distribution of the dividends must be approved by the Supervisory Board at the meeting at which the annual financial statements are to be approved and also requires the approval of the shareholders of VERBUND AG at the 2023 Annual General Meeting.
공시 • May 10VERBUND AG (WBAG:VER) agreed to acquire 100% stake in 82 MWp of operating solar parks in Spain from Funds managed by Q-Energy Private Equity, S.G.E.I.C., S.A.VERBUND AG (WBAG:VER) agreed to acquire 100% stake in 82 MWp of operating solar parks in Spain from Funds managed by Q-Energy Private Equity, S.G.E.I.C., S.A. on May 9, 2022. Furthermore, the acquisition also includes an extensive development platform (wind and PV), together with its development team.