EVN
EVN AG provides energy and environmental services for private and business customers, and municipalities in Austria, Bulgaria, Macedonia, Croatia, Germany, and Albania. The last earnings update was 49 days ago. More info.
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EVN Share Price and Events
7 Day Returns
1 Year Returns
EVN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| EVN (EVN) | 1.7% | 0.8% | -4.4% | -20.6% | 30% | 32% |
| Europe Electric Utilities | -1.7% | -1.2% | 3.3% | 11% | 22.9% | -0.4% |
| AT Market | 3.4% | 6% | 10.1% | -2% | 43.4% | 29.5% |
1 Year Return vs Industry and Market
- EVN underperformed the Electric Utilities industry which returned 11% over the past year.
- EVN underperformed the Market in Austria which returned -2% over the past year.
Value
Is EVN undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
EVN
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for EVN.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 5.7% |
| Perpetual Growth Rate | 10-Year AT Government Bond Rate | 0.5% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AT Govt Bond Rate | 0.5% |
| Equity Risk Premium | S&P Global | 6.5% |
| Electric Utilities Unlevered Beta | Simply Wall St/ S&P Global | 0.24 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.242 (1 + (1- 25%) (46.56%)) |
0.549 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (0.8 * 6.51%) |
5.72% |
Discounted Cash Flow Calculation for WBAG:EVN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for EVN is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 5.72%) |
|
|---|---|---|---|
| 2019 | 20.45 | Analyst x2 | 19.34 |
| 2020 | 131.94 | Analyst x3 | 118.05 |
| 2021 | 196.51 | Analyst x2 | 166.32 |
| 2022 | 108.40 | Analyst x1 | 86.78 |
| 2023 | 117.70 | Analyst x1 | 89.13 |
| 2024 | 110.10 | Est @ -6.46% | 78.87 |
| 2025 | 105.29 | Est @ -4.37% | 71.34 |
| 2026 | 102.24 | Est @ -2.9% | 65.53 |
| 2027 | 100.31 | Est @ -1.88% | 60.82 |
| 2028 | 99.15 | Est @ -1.16% | 56.86 |
| Present value of next 10 years cash flows | €813.04 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €99.15 × (1 + 0.51%) ÷ (5.72% – 0.51%) |
€1,913.46 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €1,913.46 ÷ (1 + 5.72%)10 |
€1,097.31 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €813.04 + €1,097.31 |
€1,910.35 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €1,910.35 / 177.99 |
€10.73 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €10.73 |
| Current discount | Discount to share price of
€13.34
= -1 x (€13.34 - €10.73) / €10.73 |
-24.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of EVN is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for EVN's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
EVN's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €1.13 |
| WBAG:EVN Share Price ** | WBAG (2019-04-18) in EUR | €13.34 |
| Europe Electric Utilities Industry PE Ratio | Median Figure of 66 Publicly-Listed Electric Utilities Companies | 13x |
| Austria Market PE Ratio | Median Figure of 51 Publicly-Listed Companies | 14.73x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of EVN.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = WBAG:EVN Share Price ÷ EPS (both in EUR) = 13.34 ÷ 1.13 |
11.78x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- EVN is good value based on earnings compared to the Europe Electric Utilities industry average.
- EVN is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does
EVN's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 11.78x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
7.9%per year |
| Europe Electric Utilities Industry PEG Ratio | Median Figure of 31 Publicly-Listed Electric Utilities Companies | 0.59x |
| Austria Market PEG Ratio | Median Figure of 32 Publicly-Listed Companies | 1.34x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 11.78x ÷ 7.9% |
1.48x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- EVN is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
EVN's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €20.90 |
| WBAG:EVN Share Price * | WBAG (2019-04-18) in EUR | €13.34 |
| Europe Electric Utilities Industry PB Ratio | Median Figure of 75 Publicly-Listed Electric Utilities Companies | 1.02x |
| Austria Market PB Ratio | Median Figure of 59 Publicly-Listed Companies | 1.27x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = WBAG:EVN Share Price ÷ Book Value per Share (both in EUR) = 13.34 ÷ 20.90 |
0.64x |
* Primary Listing of EVN.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- EVN is good value based on assets compared to the Europe Electric Utilities industry average.
Value checks
We assess EVN's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check) EVN has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is EVN expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- EVN's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
- EVN's earnings growth is positive but not above the Austria market average.
- EVN's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| WBAG:EVN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 7.9% |
| WBAG:EVN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 2.8% |
| Europe Electric Utilities Industry Earnings Growth Rate | Market Cap Weighted Average | 10% |
| Europe Electric Utilities Industry Revenue Growth Rate | Market Cap Weighted Average | 3.5% |
| Austria Market Earnings Growth Rate | Market Cap Weighted Average | 9% |
| Austria Market Revenue Growth Rate | Market Cap Weighted Average | 2.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | 2,437 | 619 | 263 | 1 |
| 2022-09-30 | 2,269 | 609 | 244 | 2 |
| 2021-09-30 | 2,165 | 587 | 230 | 4 |
| 2020-09-30 | 2,122 | 565 | 213 | 4 |
| 2019-09-30 | 2,106 | 459 | 183 | 3 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 2,097 | 481 | 202 |
| 2018-09-30 | 2,093 | 604 | 255 |
| 2018-06-30 | 2,123 | 480 | 282 |
| 2018-03-31 | 2,174 | 500 | 247 |
| 2017-12-31 | 2,221 | 599 | 268 |
| 2017-09-30 | 2,236 | 509 | 251 |
| 2017-06-30 | 2,216 | 445 | 200 |
| 2017-03-31 | 2,181 | 489 | 200 |
| 2016-12-31 | 2,102 | 395 | 173 |
| 2016-09-30 | 2,047 | 463 | 156 |
| 2016-06-30 | 2,107 | 560 | 160 |
| 2016-03-31 | 2,126 | 505 | 173 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from EVN Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | 1.48 | 1.48 | 1.48 | 1.00 |
| 2022-09-30 | 1.37 | 1.46 | 1.28 | 2.00 |
| 2021-09-30 | 1.31 | 1.42 | 1.18 | 3.00 |
| 2020-09-30 | 1.20 | 1.30 | 1.12 | 4.00 |
| 2019-09-30 | 1.03 | 1.07 | 0.97 | 4.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.13 |
| 2018-09-30 | 1.43 |
| 2018-06-30 | 1.59 |
| 2018-03-31 | 1.39 |
| 2017-12-31 | 1.51 |
| 2017-09-30 | 1.41 |
| 2017-06-30 | 1.12 |
| 2017-03-31 | 1.13 |
| 2016-12-31 | 0.97 |
| 2016-09-30 | 0.88 |
| 2016-06-30 | 0.90 |
| 2016-03-31 | 0.97 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess EVN's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
EVN has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has EVN performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- EVN has delivered over 20% year on year earnings growth in the past 5 years.
- EVN's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- EVN's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.
Earnings and Revenue History
All data from EVN Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 2,096.90 | 201.50 | 369.30 | |
| 2018-09-30 | 2,093.40 | 254.60 | 366.80 | |
| 2018-06-30 | 2,122.60 | 282.20 | 367.50 | |
| 2018-03-31 | 2,174.00 | 246.60 | 363.90 | |
| 2017-12-31 | 2,221.40 | 267.90 | 363.70 | |
| 2017-09-30 | 2,236.30 | 251.00 | 364.30 | |
| 2017-06-30 | 2,216.40 | 199.60 | 351.80 | |
| 2017-03-31 | 2,180.50 | 200.30 | 353.30 | |
| 2016-12-31 | 2,101.60 | 172.90 | 353.10 | |
| 2016-09-30 | 2,046.60 | 156.40 | 313.70 | |
| 2016-06-30 | 2,106.50 | 159.80 | 362.60 | |
| 2016-03-31 | 2,126.10 | 172.60 | 365.40 | |
| 2015-12-31 | 2,127.40 | 153.80 | 366.60 | |
| 2015-09-30 | 2,154.00 | 148.10 | 369.60 | |
| 2015-06-30 | 2,161.70 | -52.90 | 568.90 | |
| 2015-03-31 | 2,067.30 | -299.90 | 563.10 | |
| 2014-12-31 | 2,038.80 | -269.90 | 561.70 | |
| 2014-09-30 | 1,993.10 | -299.00 | 557.50 | |
| 2014-06-30 | 1,958.80 | -119.90 | 361.80 | |
| 2014-03-31 | 2,048.20 | 122.30 | 359.60 | |
| 2013-12-31 | 1,881.30 | 81.80 | 357.30 | |
| 2013-09-30 | 2,121.10 | 109.30 | 353.70 | |
| 2013-06-30 | 2,263.40 | 142.30 | 350.10 | |
| 2013-03-31 | 2,394.90 | 139.20 | 354.80 | |
| 2012-12-31 | 2,826.70 | 175.00 | 361.90 | |
| 2012-09-30 | 2,862.40 | 194.90 | 361.80 | |
| 2012-06-30 | 2,840.10 | 207.90 | 354.90 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- EVN has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- EVN used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
- EVN's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess EVN's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
EVN has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is EVN's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up EVN's finances.
The net worth of a company is the difference between its assets and liabilities.
- EVN's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- EVN's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from EVN Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 3,985.90 | 1,105.50 | 252.00 |
| 2018-09-30 | 4,092.70 | 1,134.40 | 354.30 |
| 2018-06-30 | 3,595.30 | 1,139.90 | 344.40 |
| 2018-03-31 | 3,428.60 | 1,161.70 | 265.60 |
| 2017-12-31 | 3,276.50 | 1,174.80 | 259.50 |
| 2017-09-30 | 3,150.10 | 1,188.60 | 223.60 |
| 2017-06-30 | 2,994.80 | 1,293.00 | 327.60 |
| 2017-03-31 | 2,985.00 | 1,470.20 | 439.90 |
| 2016-12-31 | 2,888.40 | 1,517.80 | 367.90 |
| 2016-09-30 | 2,770.60 | 1,553.60 | |
| 2016-06-30 | 2,733.30 | 1,602.20 | 366.60 |
| 2016-03-31 | 2,683.10 | 1,605.50 | 316.20 |
| 2015-12-31 | 2,668.90 | 1,667.70 | 347.00 |
| 2015-09-30 | 2,590.20 | 1,691.80 | 336.40 |
| 2015-06-30 | 2,635.40 | 1,721.90 | 289.60 |
| 2015-03-31 | 2,693.80 | 1,745.90 | 240.10 |
| 2014-12-31 | 2,669.80 | 1,760.90 | 265.40 |
| 2014-09-30 | 2,632.70 | 1,961.70 | 218.40 |
| 2014-06-30 | 2,852.90 | 2,038.00 | 251.80 |
| 2014-03-31 | 3,108.90 | 1,810.20 | 256.40 |
| 2013-12-31 | 3,091.10 | 2,046.50 | 413.20 |
| 2013-09-30 | 3,079.20 | 2,221.80 | 294.30 |
| 2013-06-30 | 3,008.00 | 1,982.70 | 297.80 |
| 2013-03-31 | 3,113.50 | 2,018.40 | 176.60 |
| 2012-12-31 | 3,170.90 | 2,073.00 | 215.70 |
| 2012-09-30 | 3,013.70 | 2,006.10 | 165.50 |
| 2012-06-30 | 3,120.50 | 2,019.70 | 176.10 |
- EVN's level of debt (27.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (66.1% vs 27.7% today).
- Debt is well covered by operating cash flow (43.5%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 23.3x coverage).
Financial health checks
We assess EVN's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) EVN has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is EVN's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
EVN
shares you are expected to receive
€70
in your first year as a dividend.
Dividend Amount
- EVN's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
- EVN's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Europe Electric Utilities Industry Average Dividend Yield | Market Cap Weighted Average of 43 Stocks | 4.6% |
| Austria Market Average Dividend Yield | Market Cap Weighted Average of 49 Stocks | 3.4% |
| Austria Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Austria Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| Austria Top 25% Dividend Yield | 75th Percentile | 4.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-09-30 | 0.44 | 1.00 |
| 2022-09-30 | 0.48 | 2.00 |
| 2021-09-30 | 0.46 | 4.00 |
| 2020-09-30 | 0.46 | 4.00 |
| 2019-09-30 | 0.46 | 4.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-12-13 | 0.470 | 3.498 |
| 2017-12-14 | 0.440 | 2.714 |
| 2016-12-13 | 0.420 | 3.343 |
| 2015-12-09 | 0.420 | 4.067 |
| 2014-12-11 | 0.420 | 4.145 |
| 2013-12-12 | 0.420 | 4.019 |
| 2012-12-13 | 0.420 | 3.883 |
| 2011-12-15 | 0.410 | 3.957 |
| 2010-12-16 | 0.400 | 3.454 |
| 2009-11-30 | 0.370 | 3.006 |
| 2009-04-20 | 0.370 | 2.952 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
EVN's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.6x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
Income/ dividend checks
We assess EVN's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can EVN afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) EVN has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
- EVN has no CEO, or we have no data on them.
Management Team
Stefan Szyszkowitz
CFO & Member of Executive Board
€656K
54
Franz Mittermayer
CTO & Member of Executive Board
€504K
60
1.5 yrs
Felix Sawerthal
Head of General Administration & Corporate Affairs
64
Gerald Reidinger
Head of Controlling & Investor Relations
44
Christian Mende
Head of Corporate Compliance Management
49
6.5 yrs
Stefan Zach
Head of Information & Communications
53
Wolfgang Maier
Head of Human Resources
53
Hans-Georg Rych
Head of Environmental Controlling & Safety
62
Georg Reitter
Head of Strategic Business Unit - Energy Procurement & Supply
63
Robert Redl
Chief Information Officer
60
Board of Directors Tenure
Average tenure and age of the EVN board of directors in years:
- The average tenure for the EVN board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Bettina Glatz-Kremsner
Chairwoman of Supervisory Board
€22K
56
Norbert Griesmayr
1st Vice-Chairperson of Supervisory Board
€17K
61
Willi Stiowicek
2nd Vice-Chairperson of Supervisory Board
€17K
62
Theodor Zeh
Chairman of Advisory Committee for Environmental and Social Responsibility
Manfred Weinrichter
Employee Representative Member of Supervisory Board
57
18.3 yrs
Helmut Peter
Employee Representative of Advisory Committee for Environmental and Social Responsibility
61
Franz Hemm
Employee Representative Member of Supervisory Board
63
24.9 yrs
Dieter Lutz
Independent Member of Supervisory Board
€13K
64
13.3 yrs
Reinhard Meißl
Independent Member of Supervisory Board
€13K
59
13.3 yrs
Paul Hofer
Employee Representative Member of Supervisory Board
58
12 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess EVN's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) EVN has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Has EVN AG (VIE:EVN) Got Enough Cash?
EVN’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … Does EVN Produce Much Cash Relative To Its Debt?
Simply Wall St - – Full articleWhat Makes EVN AG (VIE:EVN) A Great Dividend Stock?
Over the past 10 years EVN AG (VIE:EVN) has been paying dividends to shareholders. … The stock currently pays out a dividend yield of 3.6%, and has a market cap of €2.3b. … 5 checks you should do on a dividend stock
Simply Wall St - – Full articleEVN AG (VIE:EVN): Are Analysts’ Forecast Signalling Trouble Ahead?
Looking at EVN AG's (VIE:EVN) recent earnings update on 31 December 2018, … with earnings expected to decline by -6.0% in the upcoming year
Simply Wall St - – Full articleIs EVN AG's (VIE:EVN) P/E Ratio Really That Good?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleEVN AG (VIE:EVN): A Fundamentally Attractive Investment
Help shape the future of investing tools and you could win a $250 gift card! … Looking at the company as a whole, as a potential stock investment, I believe EVN has a lot to offer. … that has been able to sustain great financial health over the past.
Simply Wall St - – Full articleWhy EVN AG’s (VIE:EVN) Return On Capital Employed Looks Uninspiring
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.
Simply Wall St - – Full articleHow EVN AG's (VIE:EVN) Earnings Growth Stacks Up Against The Industry
When EVN AG (VIE:EVN) released its most recent earnings update (30 September 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were EVN's average earnings over the past couple of years, and its industry performance. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 42%, indicating the rate at which EVN is growing has slowed down.
Simply Wall St - – Full articleWhat Are Analysts Saying About EVN AG's (VIE:EVN) Growth?
EVN AG's (VIE:EVN) latest earnings announcement in September 2018a … revealed … business
Simply Wall St - – Full articleIs EVN AG (VIE:EVN) As Strong As Its Balance Sheet Indicates?
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as EVN AG (VIE:EVN) with a market-capitalization of €2.5b, rarely draw their attention. … Despite this, the two other categories have lagged behind the risk-adjusted returns of commonly ignored mid-cap stocks. … Let’s take a look at EVN’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures.
Simply Wall St - – Full articleEVN AG (VIE:EVN): What Does The Future Look Like?
Looking at EVN AG's (VIE:EVN) earnings update in June 2018, … analyst consensus outlook appear … as a -16% fall in profits is expected in the upcoming year
Simply Wall St - – Full articleCompany Info
Description
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.
Details
| Name: | EVN AG |
| EVN | |
| Exchange: | WBAG |
| Founded: | 1922 |
| €2,374,447,670 | |
| 177,994,578 | |
| Website: | http://www.evn.at |
| Address: |
EVN AG EVN Platz, Maria Enzersdorf, Lower Austria, 2344, Austria |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| WBAG | EVN | Bearer Shares | Wiener Boerse AG | AT | EUR | 02. Jan 1992 | |
| DB | EVN | Bearer Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| LSE | 0EEI | Bearer Shares | London Stock Exchange | GB | EUR | 02. Jan 1992 | |
| SWX | EVN | Bearer Shares | SIX Swiss Exchange | CH | CHF | 02. Jan 1992 | |
| BATS-CHIXE | EVNV | Bearer Shares | BATS 'Chi-X Europe' | GB | EUR | 02. Jan 1992 | |
| OTCPK | EVNV.Y | SPONSORED ADR | Pink Sheets LLC | US | USD | 25. Sep 1995 |
Number of employees
Current staff
Industry
| Electric Utilities | |
| Utilities |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/18 20:36 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/02/28 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/09/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
