Executive Summary
EVN AG provides energy and environmental services for private and business customers, and municipalities in Austria, Bulgaria, Macedonia, Croatia, Germany, and Albania.
Rewards
Risk Analysis
No risks detected for EVN from our risk checks.
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
| EVN | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.7% | -5.2% | -6.2% |
| 30 Day | -4.7% | 1.4% | -5.7% |
| 90 Day | 0.7% | 13.2% | -6.9% |
| 1 Year | 25.4%21.8% | 31.2%26.3% | 1.1%-2.5% |
| 3 Year | 54.3%41.0% | 76.5%53.7% | 20.2%9.4% |
| 5 Year | 92.1%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
6 days ago | Simply Wall St
Why We’re Not Impressed By EVN AG’s (VIE:EVN) 2.9% ROCE3 weeks ago | Simply Wall St
How Does EVN AG's (VIE:EVN) Earnings Growth Stack Up Against Industry Performance?1 month ago | Simply Wall St
EVN AG (VIE:EVN) Goes Ex-Dividend In 3 DaysValuation
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
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Spokesman of the Executive Board | 0yrs | €651.30k | no data | |
| CTO & Member of Executive Board | 2.3yrs | €583.60k | no data | |
| Head of Accounting | 6.8yrs | no data | no data | |
| Head of General Administration & Corporate Affairs | 0yrs | no data | no data | |
| Head of Controlling & Investor Relations | 0yrs | no data | no data | |
| Head of Corporate Compliance Management | 7.3yrs | no data | no data | |
| Head of Information & Communications | 0yrs | no data | no data | |
| Head of Human Resources | 0yrs | no data | no data | |
| Head of Environmental Controlling & Safety | 0yrs | no data | no data | |
| Head of Strategic Business Unit - Energy Procurement & Supply | 0yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| 1st Vice-Chairperson of Supervisory Board | 0yrs | €18.70k | no data | |
| Chairman of Advisory Committee for Environmental and Social Responsibility | 0yrs | no data | no data | |
| Employee Representative of Advisory Committee for Environmental and Social Responsibility | 0yrs | no data | no data | |
| Independent Member of Supervisory Board | 14.1yrs | €13.60k | no data | |
| Independent Member of Supervisory Board | 14.1yrs | €13.10k | no data | |
| Employee Representative Member of Supervisory Board | 12.8yrs | no data | no data | |
| 2nd Independent Vice-Chairperson of Supervisory Board | 0yrs | €18.20k | no data | |
| Employee Representative Member of Supervisory Board | 6.6yrs | no data | no data | |
| Independent Chairwoman of Supervisory Board | 0yrs | €23.70k | no data | |
| Employee Representative Member of Supervisory Board | 4.1yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EVN | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Jan 1992 |
| EVN | WBAG (Wiener Boerse AG) | Yes | Bearer Shares | AT | EUR | Jan 1992 |
| 0EEI | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Jan 1992 |
| EVNV | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Jan 1992 |
| EVN | SWX (SIX Swiss Exchange) | Yes | Bearer Shares | CH | CHF | Jan 1992 |
| EVNV.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Sep 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/26 20:38 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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.