WBAG:EVN

Stock Analysis Report

Executive Summary

EVN AG provides energy and environmental services for private and business customers, and municipalities in Austria, Bulgaria, Macedonia, Croatia, Germany, and Albania.


Snowflake Analysis

Undervalued established dividend payer.


Similar Companies

Share Price & News

How has EVN's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EVN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.7%

EVN

-5.2%

AT Electric Utilities

-6.2%

AT Market


1 Year Return

21.8%

EVN

26.3%

AT Electric Utilities

-2.5%

AT Market

Return vs Industry: EVN underperformed the Austrian Electric Utilities industry which returned 26.3% over the past year.

Return vs Market: EVN exceeded the Austrian Market which returned -2.5% over the past year.


Shareholder returns

EVNIndustryMarket
7 Day-7.7%-5.2%-6.2%
30 Day-4.7%1.4%-5.7%
90 Day0.7%13.2%-6.9%
1 Year25.4%21.8%31.2%26.3%1.1%-2.5%
3 Year54.3%41.0%76.5%53.7%20.2%9.4%
5 Year92.1%62.5%61.5%24.9%43.5%23.5%

Price Volatility Vs. Market

How volatile is EVN's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is EVN undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EVN (€16.76) is trading below our estimate of fair value (€33.46)

Significantly Below Fair Value: EVN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EVN is good value based on its PE Ratio (9.9x) compared to the Electric Utilities industry average (12.8x).

PE vs Market: EVN is good value based on its PE Ratio (9.9x) compared to the Austrian market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: EVN is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: EVN is good value based on its PB Ratio (0.7x) compared to the XE Electric Utilities industry average (0.9x).


Next Steps

Future Growth

How is EVN forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVN's forecast earnings growth (4.9% per year) is above the savings rate (-0.1%).

Earnings vs Market: EVN's earnings (4.9% per year) are forecast to grow faster than the Austrian market (2.3% per year).

High Growth Earnings: EVN's earnings are forecast to grow, but not significantly.

Revenue vs Market: EVN's revenue is expected to decline over the next 3 years (-0.4% per year).

High Growth Revenue: EVN's revenue is forecast to decline over the next 3 years (-0.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EVN's Return on Equity is forecast to be low in 3 years time (5.8%).


Next Steps

Past Performance

How has EVN performed over the past 5 years?

43.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVN has high quality earnings.

Growing Profit Margin: EVN's current net profit margins (13.6%) are higher than last year (12.1%).


Past Earnings Growth Analysis

Earnings Trend: EVN has become profitable over the past 5 years, growing earnings by 43% per year.

Accelerating Growth: EVN's earnings growth over the past year (18.8%) is below its 5-year average (43% per year).

Earnings vs Industry: EVN earnings growth over the past year (18.8%) exceeded the Electric Utilities industry 6%.


Return on Equity

High ROE: EVN's Return on Equity (7.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is EVN's financial position?


Financial Position Analysis

Short Term Liabilities: EVN's short term assets (€857.7M) do not cover its short term liabilities (€903.3M).

Long Term Liabilities: EVN's short term assets (€857.7M) do not cover its long term liabilities (€2.7B).


Debt to Equity History and Analysis

Debt Level: EVN's debt to equity ratio (23.3%) is considered satisfactory.

Reducing Debt: EVN's debt to equity ratio has reduced from 73.7% to 23.3% over the past 5 years.

Debt Coverage: EVN's debt is well covered by operating cash flow (40.6%).

Interest Coverage: EVN's interest payments on its debt are well covered by EBIT (16.6x coverage).


Balance Sheet

Inventory Level: EVN has a high level of physical assets or inventory.

Debt Coverage by Assets: EVN's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

What is EVN's current dividend yield, its reliability and sustainability?

3.01%

Current Dividend Yield


Dividend Yield vs Market

company3.0%marketbottom25%1.6%markettop25%4.8%industryaverage3.7%forecastin3Years3.0%

Current dividend yield vs market & industry

Notable Dividend: EVN's dividend (2.98%) is higher than the bottom 25% of dividend payers in the Austrian market (1.62%).

High Dividend: EVN's dividend (2.98%) is low compared to the top 25% of dividend payers in the Austrian market (4.83%).


Stability and Growth of Payments

Stable Dividend: EVN's dividends per share have been stable in the past 10 years.

Growing Dividend: EVN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.7%), EVN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EVN's dividends in 3 years are forecast to be well covered by earnings (32.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average management tenure


CEO

EVN has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Stefan Szyszkowitz
CFO & Spokesman of the Executive Board0yrs€651.30kno data
Franz Mittermayer
CTO & Member of Executive Board2.3yrs€583.60kno data
Johannes Lang
Head of Accounting6.8yrsno datano data
Felix Sawerthal
Head of General Administration & Corporate Affairs0yrsno datano data
Gerald Reidinger
Head of Controlling & Investor Relations0yrsno datano data
Christian Mende
Head of Corporate Compliance Management7.3yrsno datano data
Stefan Zach
Head of Information & Communications0yrsno datano data
Wolfgang Maier
Head of Human Resources0yrsno datano data
Hans-Georg Rych
Head of Environmental Controlling & Safety0yrsno datano data
Georg Reitter
Head of Strategic Business Unit - Energy Procurement & Supply0yrsno datano data

6.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: EVN's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Norbert Griesmayr
1st Vice-Chairperson of Supervisory Board0yrs€18.70kno data
Theodor Zeh
Chairman of Advisory Committee for Environmental and Social Responsibility0yrsno datano data
Helmut Peter
Employee Representative of Advisory Committee for Environmental and Social Responsibility0yrsno datano data
Dieter Lutz
Independent Member of Supervisory Board14.1yrs€13.60kno data
Reinhard Meißl
Independent Member of Supervisory Board14.1yrs€13.10kno data
Paul Hofer
Employee Representative Member of Supervisory Board12.8yrsno datano data
Willi Stiowicek
2nd Independent Vice-Chairperson of Supervisory Board0yrs€18.20kno data
Monika Fraißl
Employee Representative Member of Supervisory Board6.6yrsno datano data
Bettina Glatz-Kremsner
Independent Chairwoman of Supervisory Board0yrs€23.70kno data
Friedrich Bußlehner
Employee Representative Member of Supervisory Board4.1yrsno datano data

12.8yrs

Average Tenure

60yo

Average Age

Experienced Board: EVN's board of directors are seasoned and experienced ( 12.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

EVN AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: EVN AG
  • Ticker: EVN
  • Exchange: WBAG
  • Founded: 1922
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: €2.959b
  • Shares outstanding: 178.07m
  • Website: https://www.evn.at

Number of Employees


Location

  • EVN AG
  • EVN Platz
  • Maria Enzersdorf
  • Lower Austria
  • 2344
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EVNDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
EVNWBAG (Wiener Boerse AG)YesBearer SharesATEURJan 1992
0EEILSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
EVNVBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
EVNSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJan 1992
EVNV.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDSep 1995

Biography

EVN AG provides energy and environmental services for private and business customers, and municipalities in Austria, Bulgaria, Macedonia, Croatia, Germany, and Albania. The company operates through Energy, Generation, Networks, South East Europe, Environmental, and Other segments. It generates electricity from thermal sources and renewable energies; and procures, trades, and sells electricity and natural gas to end customers and on wholesale markets, as well as generates and sells heat. The company also operates regional electricity and natural gas networks, as well as cable TV and telecommunications networks. In addition, it engages in the drinking water supply, wastewater disposal, thermal waste recycling, and international project business activities. The company was founded in 1922 and is headquartered in Maria Enzersdorf, Austria. EVN AG is a subsidiary of NÖ Landes-Beteiligungsholding GmbH. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 20:38
End of Day Share Price2020/02/26 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.