View Future GrowthBKW 과거 순이익 실적과거 기준 점검 2/6BKW은 연평균 6.9%의 비율로 수입이 증가해 온 반면, Electric Utilities 산업은 수입이 15.1% 증가했습니다. 매출은 연평균 6.7%의 비율로 증가했습니다. BKW의 자기자본이익률은 6.6%이고 순이익률은 8.3%입니다.핵심 정보6.89%순이익 성장률6.92%주당순이익(EPS) 성장률Electric Utilities 산업 성장률7.32%매출 성장률6.70%자기자본이익률6.55%순이익률8.30%다음 순이익 업데이트19 Aug 2026최근 과거 실적 업데이트공시 • Apr 30BKW AG to Report Fiscal Year 2026 Results on Mar 10, 2027BKW AG announced that they will report fiscal year 2026 results on Mar 10, 2027Reported Earnings • Mar 13Full year 2025 earnings released: EPS: CHF6.77 (vs CHF11.80 in FY 2024)Full year 2025 results: EPS: CHF6.77 (down from CHF11.80 in FY 2024). Revenue: CHF4.54b (down 2.2% from FY 2024). Net income: CHF356.8m (down 43% from FY 2024). Profit margin: 7.9% (down from 13% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공시 • Jan 24BKW AG to Report First Half, 2026 Results on Aug 19, 2026BKW AG announced that they will report first half, 2026 results on Aug 19, 2026Reported Earnings • Aug 25First half 2025 earnings released: EPS: CHF3.54 (vs CHF6.62 in 1H 2024)First half 2025 results: EPS: CHF3.54 (down from CHF6.62 in 1H 2024). Revenue: CHF2.14b (down 4.2% from 1H 2024). Net income: CHF186.6m (down 47% from 1H 2024). Profit margin: 8.7% (down from 16% in 1H 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.공시 • Apr 02BKW AG to Report Fiscal Year 2025 Results on Mar 11, 2026BKW AG announced that they will report fiscal year 2025 results on Mar 11, 2026공시 • Feb 13BKW AG to Report First Half, 2025 Results on Aug 21, 2025BKW AG announced that they will report first half, 2025 results on Aug 21, 2025모든 업데이트 보기Recent updates공시 • Apr 30BKW AG to Report Fiscal Year 2026 Results on Mar 10, 2027BKW AG announced that they will report fiscal year 2026 results on Mar 10, 2027Upcoming Dividend • Apr 23Upcoming dividend of CHF3.80 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 05 May 2026. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.7%).Declared Dividend • Apr 04Dividend increased to CHF3.80Dividend of CHF3.80 is 2.7% higher than last year. Ex-date: 30th April 2026 Payment date: 5th May 2026 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 9.0% 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 grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Apr 04BKW AG announces Annual dividend, payable on May 05, 2026BKW AG announced Annual dividend of CHF 3.8000 per share payable on May 05, 2026, ex-date on April 30, 2026 and record date on May 04, 2026.공시 • Mar 26BKW AG Announces Executive ChangesBKW AG announced Philipp Hänggi hands over role as Executive Vice President - Energy Production to Margarita Aleksieva. After six years on the BKW Executive Committee, Philipp Hänggi has decided to scale back his involvement in the energy sector to strategic tasks and focus more on matters related to artificial intelligence. Margarita Aleksieva, who currently heads the Wind b Solar Business Unit, will take over his role as Executive Vice President - Energy Production and member of the BKW Executive Committee. Dr Philipp Hanggi joined BKW in 2014. As Head of the Nuclear Business Unit, he was responsible for preparing for and implementing the decommissioning of the Muhleberg Nuclear Power Plant. Since 2020, he has been in charge of the Energy Production Business Area as a member of the Executive Committee. In this role, Hanggi made a significant contribution to the strategic expansion of BKW's energy production in Switzerland and Europe. Hanggi is also closely involved in the design and use of artificial intelligence within BKW. After six years on the BKW Executive Committee, Philipp Hanggi has decided to reduce his responsibilities within the Group, both in terms of time and scope, to strategic issues, concentrating specifically on nuclear energy and radioactive waste disposal. On 1 April 2026, Margarita Aleksieva will take over responsibility for the Energy Production Business Area on the BKW Executive Committee. Aleksieva headed the Wind & Solar Business Unit at BKW for six years. In this role, she drove the expansion of BKW's European wind power generation and played a significant part in shaping the strategic and cultural transformation of the unit. Aleksieva is also a member of the Board of Directors of Kraftwerke Oberhasli AG and Chair of the Board of Directors of BelpmoosSolar AG. She is a member of the Board of Directors of the Swiss Investment Fund for Emerging Markets (SIFEM). Before joining BKW, Aleksieva held various management positions at international energy companies, including Swiss electricity company Alpiq. She was also a member of the management team of the global private infrastructure equity fund of the IST Investment Foundation. She holds an MBA from Purdue University (USA) and degrees in business administration and political science. Aleksieva, 43, has Swiss and Bulgarian citizenship and lives with her family in the cannon of Aargau.공시 • Mar 13Bkw AG Reportedly Enters into Discussions to Acquire Majority Stake in VolterresBKW AG (SWX:BKW) has entered into discussions to acquire a majority stake in French green energy supplier Volterres from its parent company, solar developer Sun'R. The discussions concern the 65% shareholding held by Sun'R, which itself is a subsidiary of French construction and concessions company Eiffage. The financial terms of the contemplated transaction were not disclosed. Completion of the deal is subject to various legal and regulatory approvals and is expected to occur in the first semester of 2026, Eiffage said in a brief statement.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: CHF6.77 (vs CHF11.80 in FY 2024)Full year 2025 results: EPS: CHF6.77 (down from CHF11.80 in FY 2024). Revenue: CHF4.54b (down 2.2% from FY 2024). Net income: CHF356.8m (down 43% from FY 2024). Profit margin: 7.9% (down from 13% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공시 • Jan 24BKW AG to Report First Half, 2026 Results on Aug 19, 2026BKW AG announced that they will report first half, 2026 results on Aug 19, 2026Buy Or Sell Opportunity • Jan 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.7% to CHF176. The fair value is estimated to be CHF221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 7.6% per annum over the same time period.공시 • Sep 10BKW AG (SWX:BKW) acquired Südvolt GmbH.BKW AG (SWX:BKW) acquired Südvolt GmbH on September 8, 2025. Caspar Graf Stauffenberg, Mathias Möhrpahl , Laura Schläger, Andreas Zetzsche of Carlsquare GmbH act as financial advisor for Südvolt GmbH BKW AG (SWX:BKW) completed the acquisition of Südvolt GmbH on September 8, 2025.Reported Earnings • Aug 25First half 2025 earnings released: EPS: CHF3.54 (vs CHF6.62 in 1H 2024)First half 2025 results: EPS: CHF3.54 (down from CHF6.62 in 1H 2024). Revenue: CHF2.14b (down 4.2% from 1H 2024). Net income: CHF186.6m (down 47% from 1H 2024). Profit margin: 8.7% (down from 16% in 1H 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 25Upcoming dividend of CHF3.70 per shareEligible shareholders must have bought the stock before 02 May 2025. Payment date: 06 May 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (4.8%).Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.5% to CHF146. The fair value is estimated to be CHF184, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are forecast to decline by 0.7% per annum over the same time period.공시 • Apr 04BKW AG, Annual General Meeting, Apr 29, 2025BKW AG, Annual General Meeting, Apr 29, 2025, at 14:00 W. Europe Standard Time.공시 • Apr 02BKW AG to Report Fiscal Year 2025 Results on Mar 11, 2026BKW AG announced that they will report fiscal year 2025 results on Mar 11, 2026New Risk • Mar 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.0% 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. This is currently the only risk that has been identified for the company.Declared Dividend • Mar 13Dividend increased to CHF3.70Dividend of CHF3.70 is 8.8% higher than last year. Ex-date: 2nd May 2025 Payment date: 6th May 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (36% 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 11% 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 grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 12BKW AG announces Annual dividend, payable on May 06, 2025BKW AG announced Annual dividend of CHF 3.7000 per share payable on May 06, 2025, ex-date on May 02, 2025 and record date on May 05, 2025.공시 • Feb 13BKW AG to Report First Half, 2025 Results on Aug 21, 2025BKW AG announced that they will report first half, 2025 results on Aug 21, 2025Reported Earnings • Aug 23First half 2024 earnings released: EPS: CHF6.62 (vs CHF6.19 in 1H 2023)First half 2024 results: EPS: CHF6.62 (up from CHF6.19 in 1H 2023). Revenue: CHF2.23b (flat on 1H 2023). Net income: CHF349.5m (up 7.0% from 1H 2023). Profit margin: 16% (up from 15% in 1H 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Martin A porta was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Apr 17Upcoming dividend of CHF3.40 per shareEligible shareholders must have bought the stock before 24 April 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (5.9%).Buy Or Sell Opportunity • Mar 20Now 22% overvaluedOver the last 90 days, the stock has fallen 9.4% to CHF135. The fair value is estimated to be CHF111, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period.공시 • Mar 20BKW AG to Report Fiscal Year 2024 Results on Mar 11, 2025BKW AG announced that they will report fiscal year 2024 results on Mar 11, 2025Reported Earnings • Mar 13Full year 2023 earnings released: EPS: CHF9.06 (vs CHF10.43 in FY 2022)Full year 2023 results: EPS: CHF9.06 (down from CHF10.43 in FY 2022). Revenue: CHF4.60b (down 11% from FY 2022). Net income: CHF478.0m (down 13% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue is forecast to grow 6.1% 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 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 07First half 2023 earnings released: EPS: CHF6.19 (vs CHF1.11 in 1H 2022)First half 2023 results: EPS: CHF6.19 (up from CHF1.11 in 1H 2022). Revenue: CHF2.37b (up 5.7% from 1H 2022). Net income: CHF326.6m (up 456% from 1H 2022). Profit margin: 14% (up from 2.6% in 1H 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.New Risk • Sep 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.2% 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. This is currently the only risk that has been identified for the company.Upcoming Dividend • May 10Upcoming dividend of CHF4.05 per share at 1.8% yieldEligible shareholders must have bought the stock before 17 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (4.8%).Reported Earnings • Mar 15Full year 2022 earnings released: EPS: CHF10.43 (vs CHF5.77 in FY 2021)Full year 2022 results: EPS: CHF10.43 (up from CHF5.77 in FY 2021). Revenue: CHF5.20b (up 50% from FY 2021). Net income: CHF550.2m (up 81% from FY 2021). Profit margin: 11% (up from 8.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.공시 • Sep 30BKW AG to Report First Half, 2023 Results on Sep 05, 2023BKW AG announced that they will report first half, 2023 results on Sep 05, 2023Reported Earnings • Sep 09First half 2022 earnings released: EPS: CHF1.11 (vs CHF3.73 in 1H 2021)First half 2022 results: EPS: CHF1.11 (down from CHF3.73 in 1H 2021). Revenue: CHF2.26b (up 39% from 1H 2021). Net income: CHF58.7m (down 70% from 1H 2021). Profit margin: 2.6% (down from 12% in 1H 2021). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.공시 • Jun 14BKW AG to Report Fiscal Year 2022 Results on Mar 14, 2023BKW AG announced that they will report fiscal year 2022 results on Mar 14, 2023Upcoming Dividend • May 11Upcoming dividend of CHF2.60 per shareEligible shareholders must have bought the stock before 18 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (4.3%).Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Director Petra Denk was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Dec 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Director Petra Denk was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • May 04Upcoming dividend of CHF2.40 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 14 May 2021. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (3.7%).Is New 90 Day High Low • Feb 04New 90-day high: CHF107The company is up 11% from its price of CHF96.70 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF111 per share.Is New 90 Day High Low • Jan 06New 90-day high: CHF103The company is up 6.0% from its price of CHF96.97 on 08 October 2020. The British market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF111 per share.매출 및 비용 세부 내역BKW가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이LSE:0QQ0 매출, 비용 및 순이익 (CHF Millions)날짜매출순이익일반관리비연구개발비31 Dec 254,2973571,197030 Sep 254,4244081,182030 Jun 254,5524591,167031 Mar 254,5995411,153031 Dec 244,6466221,139030 Sep 244,5015621,123030 Jun 244,3555011,107031 Mar 244,3534891,097031 Dec 234,3514781,088030 Sep 234,7406481,089030 Jun 235,1298181,091031 Mar 235,1346841,075031 Dec 225,1385501,060030 Sep 224,6033581,023030 Jun 224,067167987031 Mar 223,761236962031 Dec 213,456305938030 Sep 213,306380925030 Jun 213,156455912031 Mar 213,083409896031 Dec 203,010362880030 Sep 202,969332864030 Jun 202,928303849031 Mar 202,855347808031 Dec 192,782391768030 Sep 192,734325719030 Jun 192,685259670031 Mar 192,643223656031 Dec 182,600186642030 Sep 182,520226643030 Jun 182,440265643031 Mar 182,426260630031 Dec 172,413255617030 Sep 172,421279592030 Jun 172,429302568031 Mar 172,397307541031 Dec 162,366312515030 Sep 162,432295498030 Jun 162,499277482031 Mar 162,545277469031 Dec 152,592277456030 Sep 152,6072974410양질의 수익: 0QQ0는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 0QQ0의 현재 순 이익률 (8.3%)은 지난해 (13.4%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 0QQ0의 수익은 지난 5년 동안 연평균 6.9% 증가했습니다.성장 가속화: 0QQ0은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: 0QQ0은 지난 1년 동안 수익이 감소(-42.7%)하여 Electric Utilities 업계 평균(1.3%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: 0QQ0의 자본 수익률(6.6%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YUtilities 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/08 19:48종가2026/07/08 00:00수익2025/12/31연간 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 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스BKW AG는 11명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Peter RothenaicherBaader Helvea Equity ResearchRene RückertBaader Helvea Equity ResearchMarta BruskaBaader Helvea Equity Research8명의 분석가 더 보기
공시 • Apr 30BKW AG to Report Fiscal Year 2026 Results on Mar 10, 2027BKW AG announced that they will report fiscal year 2026 results on Mar 10, 2027
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: CHF6.77 (vs CHF11.80 in FY 2024)Full year 2025 results: EPS: CHF6.77 (down from CHF11.80 in FY 2024). Revenue: CHF4.54b (down 2.2% from FY 2024). Net income: CHF356.8m (down 43% from FY 2024). Profit margin: 7.9% (down from 13% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공시 • Jan 24BKW AG to Report First Half, 2026 Results on Aug 19, 2026BKW AG announced that they will report first half, 2026 results on Aug 19, 2026
Reported Earnings • Aug 25First half 2025 earnings released: EPS: CHF3.54 (vs CHF6.62 in 1H 2024)First half 2025 results: EPS: CHF3.54 (down from CHF6.62 in 1H 2024). Revenue: CHF2.14b (down 4.2% from 1H 2024). Net income: CHF186.6m (down 47% from 1H 2024). Profit margin: 8.7% (down from 16% in 1H 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Apr 02BKW AG to Report Fiscal Year 2025 Results on Mar 11, 2026BKW AG announced that they will report fiscal year 2025 results on Mar 11, 2026
공시 • Feb 13BKW AG to Report First Half, 2025 Results on Aug 21, 2025BKW AG announced that they will report first half, 2025 results on Aug 21, 2025
공시 • Apr 30BKW AG to Report Fiscal Year 2026 Results on Mar 10, 2027BKW AG announced that they will report fiscal year 2026 results on Mar 10, 2027
Upcoming Dividend • Apr 23Upcoming dividend of CHF3.80 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 05 May 2026. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.7%).
Declared Dividend • Apr 04Dividend increased to CHF3.80Dividend of CHF3.80 is 2.7% higher than last year. Ex-date: 30th April 2026 Payment date: 5th May 2026 Dividend yield will be 2.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 9.0% 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 grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Apr 04BKW AG announces Annual dividend, payable on May 05, 2026BKW AG announced Annual dividend of CHF 3.8000 per share payable on May 05, 2026, ex-date on April 30, 2026 and record date on May 04, 2026.
공시 • Mar 26BKW AG Announces Executive ChangesBKW AG announced Philipp Hänggi hands over role as Executive Vice President - Energy Production to Margarita Aleksieva. After six years on the BKW Executive Committee, Philipp Hänggi has decided to scale back his involvement in the energy sector to strategic tasks and focus more on matters related to artificial intelligence. Margarita Aleksieva, who currently heads the Wind b Solar Business Unit, will take over his role as Executive Vice President - Energy Production and member of the BKW Executive Committee. Dr Philipp Hanggi joined BKW in 2014. As Head of the Nuclear Business Unit, he was responsible for preparing for and implementing the decommissioning of the Muhleberg Nuclear Power Plant. Since 2020, he has been in charge of the Energy Production Business Area as a member of the Executive Committee. In this role, Hanggi made a significant contribution to the strategic expansion of BKW's energy production in Switzerland and Europe. Hanggi is also closely involved in the design and use of artificial intelligence within BKW. After six years on the BKW Executive Committee, Philipp Hanggi has decided to reduce his responsibilities within the Group, both in terms of time and scope, to strategic issues, concentrating specifically on nuclear energy and radioactive waste disposal. On 1 April 2026, Margarita Aleksieva will take over responsibility for the Energy Production Business Area on the BKW Executive Committee. Aleksieva headed the Wind & Solar Business Unit at BKW for six years. In this role, she drove the expansion of BKW's European wind power generation and played a significant part in shaping the strategic and cultural transformation of the unit. Aleksieva is also a member of the Board of Directors of Kraftwerke Oberhasli AG and Chair of the Board of Directors of BelpmoosSolar AG. She is a member of the Board of Directors of the Swiss Investment Fund for Emerging Markets (SIFEM). Before joining BKW, Aleksieva held various management positions at international energy companies, including Swiss electricity company Alpiq. She was also a member of the management team of the global private infrastructure equity fund of the IST Investment Foundation. She holds an MBA from Purdue University (USA) and degrees in business administration and political science. Aleksieva, 43, has Swiss and Bulgarian citizenship and lives with her family in the cannon of Aargau.
공시 • Mar 13Bkw AG Reportedly Enters into Discussions to Acquire Majority Stake in VolterresBKW AG (SWX:BKW) has entered into discussions to acquire a majority stake in French green energy supplier Volterres from its parent company, solar developer Sun'R. The discussions concern the 65% shareholding held by Sun'R, which itself is a subsidiary of French construction and concessions company Eiffage. The financial terms of the contemplated transaction were not disclosed. Completion of the deal is subject to various legal and regulatory approvals and is expected to occur in the first semester of 2026, Eiffage said in a brief statement.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: CHF6.77 (vs CHF11.80 in FY 2024)Full year 2025 results: EPS: CHF6.77 (down from CHF11.80 in FY 2024). Revenue: CHF4.54b (down 2.2% from FY 2024). Net income: CHF356.8m (down 43% from FY 2024). Profit margin: 7.9% (down from 13% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공시 • Jan 24BKW AG to Report First Half, 2026 Results on Aug 19, 2026BKW AG announced that they will report first half, 2026 results on Aug 19, 2026
Buy Or Sell Opportunity • Jan 19Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.7% to CHF176. The fair value is estimated to be CHF221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 7.6% per annum over the same time period.
공시 • Sep 10BKW AG (SWX:BKW) acquired Südvolt GmbH.BKW AG (SWX:BKW) acquired Südvolt GmbH on September 8, 2025. Caspar Graf Stauffenberg, Mathias Möhrpahl , Laura Schläger, Andreas Zetzsche of Carlsquare GmbH act as financial advisor for Südvolt GmbH BKW AG (SWX:BKW) completed the acquisition of Südvolt GmbH on September 8, 2025.
Reported Earnings • Aug 25First half 2025 earnings released: EPS: CHF3.54 (vs CHF6.62 in 1H 2024)First half 2025 results: EPS: CHF3.54 (down from CHF6.62 in 1H 2024). Revenue: CHF2.14b (down 4.2% from 1H 2024). Net income: CHF186.6m (down 47% from 1H 2024). Profit margin: 8.7% (down from 16% in 1H 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 25Upcoming dividend of CHF3.70 per shareEligible shareholders must have bought the stock before 02 May 2025. Payment date: 06 May 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (4.8%).
Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.5% to CHF146. The fair value is estimated to be CHF184, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are forecast to decline by 0.7% per annum over the same time period.
공시 • Apr 04BKW AG, Annual General Meeting, Apr 29, 2025BKW AG, Annual General Meeting, Apr 29, 2025, at 14:00 W. Europe Standard Time.
공시 • Apr 02BKW AG to Report Fiscal Year 2025 Results on Mar 11, 2026BKW AG announced that they will report fiscal year 2025 results on Mar 11, 2026
New Risk • Mar 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.0% 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. This is currently the only risk that has been identified for the company.
Declared Dividend • Mar 13Dividend increased to CHF3.70Dividend of CHF3.70 is 8.8% higher than last year. Ex-date: 2nd May 2025 Payment date: 6th May 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (36% 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 11% 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 grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 12BKW AG announces Annual dividend, payable on May 06, 2025BKW AG announced Annual dividend of CHF 3.7000 per share payable on May 06, 2025, ex-date on May 02, 2025 and record date on May 05, 2025.
공시 • Feb 13BKW AG to Report First Half, 2025 Results on Aug 21, 2025BKW AG announced that they will report first half, 2025 results on Aug 21, 2025
Reported Earnings • Aug 23First half 2024 earnings released: EPS: CHF6.62 (vs CHF6.19 in 1H 2023)First half 2024 results: EPS: CHF6.62 (up from CHF6.19 in 1H 2023). Revenue: CHF2.23b (flat on 1H 2023). Net income: CHF349.5m (up 7.0% from 1H 2023). Profit margin: 16% (up from 15% in 1H 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Martin A porta was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Apr 17Upcoming dividend of CHF3.40 per shareEligible shareholders must have bought the stock before 24 April 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (5.9%).
Buy Or Sell Opportunity • Mar 20Now 22% overvaluedOver the last 90 days, the stock has fallen 9.4% to CHF135. The fair value is estimated to be CHF111, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period.
공시 • Mar 20BKW AG to Report Fiscal Year 2024 Results on Mar 11, 2025BKW AG announced that they will report fiscal year 2024 results on Mar 11, 2025
Reported Earnings • Mar 13Full year 2023 earnings released: EPS: CHF9.06 (vs CHF10.43 in FY 2022)Full year 2023 results: EPS: CHF9.06 (down from CHF10.43 in FY 2022). Revenue: CHF4.60b (down 11% from FY 2022). Net income: CHF478.0m (down 13% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue is forecast to grow 6.1% 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 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 07First half 2023 earnings released: EPS: CHF6.19 (vs CHF1.11 in 1H 2022)First half 2023 results: EPS: CHF6.19 (up from CHF1.11 in 1H 2022). Revenue: CHF2.37b (up 5.7% from 1H 2022). Net income: CHF326.6m (up 456% from 1H 2022). Profit margin: 14% (up from 2.6% in 1H 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
New Risk • Sep 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.2% 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. This is currently the only risk that has been identified for the company.
Upcoming Dividend • May 10Upcoming dividend of CHF4.05 per share at 1.8% yieldEligible shareholders must have bought the stock before 17 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (4.8%).
Reported Earnings • Mar 15Full year 2022 earnings released: EPS: CHF10.43 (vs CHF5.77 in FY 2021)Full year 2022 results: EPS: CHF10.43 (up from CHF5.77 in FY 2021). Revenue: CHF5.20b (up 50% from FY 2021). Net income: CHF550.2m (up 81% from FY 2021). Profit margin: 11% (up from 8.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
공시 • Sep 30BKW AG to Report First Half, 2023 Results on Sep 05, 2023BKW AG announced that they will report first half, 2023 results on Sep 05, 2023
Reported Earnings • Sep 09First half 2022 earnings released: EPS: CHF1.11 (vs CHF3.73 in 1H 2021)First half 2022 results: EPS: CHF1.11 (down from CHF3.73 in 1H 2021). Revenue: CHF2.26b (up 39% from 1H 2021). Net income: CHF58.7m (down 70% from 1H 2021). Profit margin: 2.6% (down from 12% in 1H 2021). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
공시 • Jun 14BKW AG to Report Fiscal Year 2022 Results on Mar 14, 2023BKW AG announced that they will report fiscal year 2022 results on Mar 14, 2023
Upcoming Dividend • May 11Upcoming dividend of CHF2.60 per shareEligible shareholders must have bought the stock before 18 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (4.3%).
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Director Petra Denk was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Dec 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Director Petra Denk was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • May 04Upcoming dividend of CHF2.40 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 14 May 2021. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (3.7%).
Is New 90 Day High Low • Feb 04New 90-day high: CHF107The company is up 11% from its price of CHF96.70 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF111 per share.
Is New 90 Day High Low • Jan 06New 90-day high: CHF103The company is up 6.0% from its price of CHF96.97 on 08 October 2020. The British market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF111 per share.