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EVN

WBAG:EVN
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVN
WBAG
€2B
Market Cap
  1. Home
  2. AT
  3. Utilities
Company description

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 65 days ago. More info.


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EVN Share Price and Events
7 Day Returns
-4%
WBAG:EVN
-0.4%
Europe Electric Utilities
0.9%
AT Market
1 Year Returns
-14.7%
WBAG:EVN
16.3%
Europe Electric Utilities
-8.5%
AT Market
EVN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EVN (EVN) -4% -0.3% -7.2% -14.7% 43.6% 26%
Europe Electric Utilities -0.4% 3.2% 5.9% 16.3% 32.1% 2.6%
AT Market 0.9% 2.6% -2.7% -8.5% 47.5% 15%
1 Year Return vs Industry and Market
  • EVN underperformed the Electric Utilities industry which returned 16.3% over the past year.
  • EVN underperformed the Market in Austria which returned -8.5% over the past year.
Price Volatility
EVN
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for EVN.

WBAG:EVN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
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.

Calculation of Discount Rate/ Cost of Equity for WBAG:EVN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.471 (1 + (1- 25%) (45.98%))
0.634
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 * 9.49%)
8.1%

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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:EVN DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 214.85 210.56 210.06 139.80 116.20
Source Analyst x1 Analyst x2 Analyst x2 Analyst x1 Analyst x1
Present Value
Discounted (@ 8.1%)
198.75 180.18 166.28 102.37 78.71
Present value of next 5 years cash flows €726.29
WBAG:EVN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €116.20 × (1 + 0.51%) ÷ (8.1% – 0.51%)
€1,538.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €1,538.36 ÷ (1 + 8.1%)5
€1,042.05
WBAG:EVN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €726.29 + €1,042.05
€1,768.34
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,768.34 / 177.99
€9.93
WBAG:EVN Discount to Share Price
Calculation Result
Value per share (EUR) From above. €9.93
Current discount Discount to share price of €13.86
= -1 x (€13.86 - €9.93) / €9.93
-39.5%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
WBAG:EVN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €1.43
WBAG:EVN Share Price ** WBAG (2019-02-15) in EUR €13.86
Europe Electric Utilities Industry PE Ratio Median Figure of 63 Publicly-Listed Electric Utilities Companies 12.24x
Austria Market PE Ratio Median Figure of 50 Publicly-Listed Companies 14.42x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of EVN.

WBAG:EVN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:EVN Share Price ÷ EPS (both in EUR)

= 13.86 ÷ 1.43

9.69x

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?
Raw Data
WBAG:EVN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
2.3%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 30 Publicly-Listed Electric Utilities Companies 0.69x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

WBAG:EVN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.69x ÷ 2.3%

4.23x

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?
Raw Data
WBAG:EVN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €21.53
WBAG:EVN Share Price * WBAG (2019-02-15) in EUR €13.86
Europe Electric Utilities Industry PB Ratio Median Figure of 74 Publicly-Listed Electric Utilities Companies 0.94x
Austria Market PB Ratio Median Figure of 57 Publicly-Listed Companies 1.24x
WBAG:EVN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:EVN Share Price ÷ Book Value per Share (both in EUR)

= 13.86 ÷ 21.53

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.
X
Value checks
We assess EVN's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. 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 5 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!
Annual Growth Rate
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EVN expected to grow at an attractive rate?
  • 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
Raw Data
WBAG:EVN Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:EVN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 2.3%
WBAG:EVN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.4%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 6.1%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.5%
Austria Market Revenue Growth Rate Market Cap Weighted Average 3%

*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
Raw Data
WBAG:EVN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:EVN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 2,693 619 263 1
2022-09-30 2,394 609 244 2
2021-09-30 2,228 593 233 3
2020-09-30 2,183 548 210 5
2019-09-30 2,047 503 185 4
WBAG:EVN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 2,093 604 255
2018-06-30 2,121 480 282
2018-03-31 2,173 500 247
2017-12-31 2,220 599 268
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
2015-12-31 2,127 479 154

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EVN's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
  • EVN's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:EVN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from EVN Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:EVN Future Estimates Data
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 1.21 2.00
2020-09-30 1.18 1.33 1.06 5.00
2019-09-30 1.04 1.07 1.01 4.00
WBAG:EVN Past Financials Data
Date (Data in EUR Millions) EPS *
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
2015-12-31 0.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • EVN is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess EVN's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare EVN's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • EVN has delivered over 20% year on year earnings growth in the past 5 years.
  • EVN's 1-year earnings growth is less than its 5-year average (1.4% vs 41.6%)
  • EVN's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (1.4% vs -2.7%).
Earnings and Revenue History
EVN's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from EVN Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:EVN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 2,093.40 254.60 366.80
2018-06-30 2,121.10 282.20 361.60
2018-03-31 2,172.50 246.60 358.00
2017-12-31 2,219.80 267.90 357.80
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
2012-03-31 2,808.10 217.30 359.90

*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).
X
Past performance checks
We assess EVN's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
EVN has a total score of 2/6, 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of EVN's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x 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.
Raw Data

All data from EVN Company Filings, last reported 4 months ago.

WBAG:EVN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
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
2012-03-31 3,337.30 2,028.00 127.60
  • 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 (72.1% vs 27.7% today).
  • Debt is well covered by operating cash flow (53.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 27.6x coverage).
X
Financial health checks
We assess EVN's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. EVN has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
3.39%
Current annual income from EVN dividends. Estimated to be 3.3% next year.
If you bought €2,000 of EVN shares you are expected to receive €68 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • EVN's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.42%).
  • EVN's dividend is below the markets top 25% of dividend payers in Austria (5.06%).
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.
Raw Data
WBAG:EVN Annualized Past and Future Dividends
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 5 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 4.5%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.2%
Austria Minimum Threshold Dividend Yield 10th Percentile 1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:EVN Future Dividends Estimate Data
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 2.00
2020-09-30 0.46 5.00
2019-09-30 0.45 5.00
WBAG:EVN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-12-13 0.470 3.435
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
2009-02-17 0.370 3.035

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 (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess EVN's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of EVN's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • EVN has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the EVN management team in years:

5.8
Average Tenure
53.5
Average Age
  • The average tenure for the EVN management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Stefan Szyszkowitz

TITLE
CFO & Member of Executive Board
COMPENSATION
€656K
AGE
54

Franz Mittermayer

TITLE
CTO & Member of Executive Board
COMPENSATION
€504K
AGE
60
TENURE
1.3 yrs

Johannes Lang

TITLE
Head of Accounting
AGE
45
TENURE
5.8 yrs

Felix Sawerthal

TITLE
Head of General Administration & Corporate Affairs
AGE
64

Gerald Reidinger

TITLE
Head of Controlling & Investor Relations
AGE
44

Christian Mende

TITLE
Head of Corporate Compliance Management
AGE
49
TENURE
6.3 yrs

Stefan Zach

TITLE
Head of Information & Communications
AGE
53

Wolfgang Maier

TITLE
Head of Human Resources
AGE
53

Hans-Georg Rych

TITLE
Head of Environmental Controlling & Safety
AGE
62

Georg Reitter

TITLE
Head of Strategic Business Unit - Energy Procurement & Supply
AGE
63
Board of Directors Tenure

Average tenure and age of the EVN board of directors in years:

13.1
Average Tenure
61
Average Age
  • 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

TITLE
Chairwoman of Supervisory Board
COMPENSATION
€22K
AGE
56

Norbert Griesmayr

TITLE
1st Vice-Chairperson of Supervisory Board
COMPENSATION
€17K
AGE
61

Willi Stiowicek

TITLE
2nd Vice-Chairperson of Supervisory Board
COMPENSATION
€17K
AGE
62

Theodor Zeh

TITLE
Chairman of Advisory Committee for Environmental and Social Responsibility

Manfred Weinrichter

TITLE
Employee Representative Member of Supervisory Board
AGE
57
TENURE
18.1 yrs

Helmut Peter

TITLE
Employee Representative of Advisory Committee for Environmental and Social Responsibility
AGE
61

Franz Hemm

TITLE
Employee Representative Member of Supervisory Board
AGE
63
TENURE
24.8 yrs

Dieter Lutz

TITLE
Independent Member of Supervisory Board
COMPENSATION
€13K
AGE
64
TENURE
13.1 yrs

Reinhard Meißl

TITLE
Independent Member of Supervisory Board
COMPENSATION
€13K
AGE
59
TENURE
13.1 yrs

Paul Hofer

TITLE
Employee Representative Member of Supervisory Board
AGE
58
TENURE
11.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess EVN's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

EVN 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 -

Why 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 -

How 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 -

What 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 -

Is 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 -

EVN 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 -

Why Fundamental Investors Might Love EVN AG (VIE:EVN)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on EVN AG (VIE:EVN) due to its excellent fundamentals in more than one area.

Simply Wall St -

EVN AG (VIE:EVN): How Much Money Comes Back To Investors?

What is left after investment, determines the value of the stock since this cash flow technically belongs to investors of the company. … What is free cash flow. … Free cash flow (FCF) is the amount of cash EVN has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

Is EVN AG (VIE:EVN) As Strong As Its Balance Sheet Indicates?

This article will examine EVN’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … How does EVN’s operating cash flow stack up against its debt?

Simply Wall St -

What Are Analysts Expecting From EVN AG (VIE:EVN) In The Year Ahead?

Since EVN AG (VIE:EVN) released its earnings in March 2018, … as a -9.09% fall in profits is expected in the upcoming year … the past 5-year average growth rate of 3.91%.

Simply Wall St -

Company Info

Map
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
€2,467,004,851
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
Staff numbers
7,200
EVN employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 20:39
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2018/12/21
Last earnings filing: 2018/12/13
Last earnings reported: 2018/09/30
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.