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VERBUND

WBAG:VER
Snowflake Description

Adequate balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VER
WBAG
€15B
Market Cap
  1. Home
  2. AT
  3. Utilities
Company description

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchanges, traders, energy utilities and industrial companies, and households and commercial customers in Austria and internationally. The last earnings update was 40 days ago. More info.


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VER Share Price and Events
7 Day Returns
-1.6%
WBAG:VER
-0%
Europe Electric Utilities
2.1%
AT Market
1 Year Returns
76%
WBAG:VER
11.8%
Europe Electric Utilities
-2.7%
AT Market
VER Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VERBUND (VER) -1.6% 1.3% 1.6% 76% 278.8% 220%
Europe Electric Utilities -0% -1.2% 3% 11.8% 23% 0.6%
AT Market 2.1% 6.8% 8.8% -2.7% 42.9% 31.5%
1 Year Return vs Industry and Market
  • VER outperformed the Electric Utilities industry which returned 11.8% over the past year.
  • VER outperformed the Market in Austria which returned -2.7% over the past year.
Price Volatility
VER
Industry
5yr Volatility vs Market

VER Value

 Is VERBUND 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 VERBUND 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 VERBUND.

WBAG:VER Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 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.

Calculation of Discount Rate/ Cost of Equity for WBAG:VER
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%) (14.69%))
0.51
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:VER using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for VERBUND 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.

WBAG:VER DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.72%)
2019 505.45 Analyst x6 478.11
2020 601.97 Analyst x6 538.62
2021 495.98 Analyst x4 419.77
2022 842.67 Analyst x3 674.62
2023 685.85 Analyst x2 519.38
2024 588.32 Est @ -14.22% 421.43
2025 530.66 Est @ -9.8% 359.56
2026 495.07 Est @ -6.71% 317.30
2027 472.58 Est @ -4.54% 286.51
2028 458.28 Est @ -3.03% 262.81
Present value of next 10 years cash flows €4,278.11
WBAG:VER DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €458.28 × (1 + 0.51%) ÷ (5.72% – 0.51%)
€8,844.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €8,844.39 ÷ (1 + 5.72%)10
€5,071.99
WBAG:VER Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €4,278.11 + €5,071.99
€9,350.10
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €9,350.10 / 347.42
€26.91
WBAG:VER Discount to Share Price
Calculation Result
Value per share (EUR) From above. €26.91
Current discount Discount to share price of €43.94
= -1 x (€43.94 - €26.91) / €26.91
-63.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of VERBUND 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 VERBUND's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VERBUND's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:VER PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.25
WBAG:VER Share Price ** WBAG (2019-04-18) in EUR €43.94
Europe Electric Utilities Industry PE Ratio Median Figure of 65 Publicly-Listed Electric Utilities Companies 11.97x
Austria Market PE Ratio Median Figure of 52 Publicly-Listed Companies 14.56x

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

** Primary Listing of VERBUND.

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

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

= 43.94 ÷ 1.25

35.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VERBUND is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • VERBUND is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does VERBUND's expected growth come at a high price?
Raw Data
WBAG:VER PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
13%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 31 Publicly-Listed Electric Utilities Companies 0.71x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.24x ÷ 13%

2.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VERBUND is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on VERBUND's assets?
Raw Data
WBAG:VER PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €15.27
WBAG:VER Share Price * WBAG (2019-04-18) in EUR €43.94
Europe Electric Utilities Industry PB Ratio Median Figure of 74 Publicly-Listed Electric Utilities Companies 0.95x
Austria Market PB Ratio Median Figure of 60 Publicly-Listed Companies 1.24x
WBAG:VER PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 43.94 ÷ 15.27

2.88x

* Primary Listing of VERBUND.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VERBUND is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess VERBUND'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. VERBUND has a total score of 0/6, 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.

VER Future Performance

 How is VERBUND expected to perform in the next 1 to 3 years based on estimates from 12 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
13%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VERBUND expected to grow at an attractive rate?
  • VERBUND's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • VERBUND's earnings growth is expected to exceed the Austria market average.
  • VERBUND's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:VER Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:VER Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 13%
WBAG:VER Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 9.9%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 10%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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:VER Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:VER Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,281 767 1
2022-12-31 4,292 1,284 738 3
2021-12-31 4,162 1,251 727 7
2020-12-31 3,831 1,151 680 11
2019-12-31 3,365 978 520 11
WBAG:VER Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,856 664 433
2018-09-30 2,835 699 315
2018-06-30 2,813 735 374
2018-03-31 2,854 786 330
2017-12-31 2,917 641 301
2017-09-30 2,845 631 354
2017-06-30 2,822 713 425
2017-03-31 2,810 692 436
2016-12-31 2,806 804 424
2016-09-30 2,999 750 319
2016-06-30 3,038 729 165
2016-03-31 3,103 774 227

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • VERBUND's earnings are expected to grow by 13% yearly, however this is not considered high growth (20% yearly).
  • VERBUND's revenue is expected to grow by 9.9% 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:VER 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 12 Analyst Estimates (S&P Global) See Below

All data from VERBUND Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:VER Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.21 2.21 2.21 1.00
2022-12-31 2.12 2.40 1.86 3.00
2021-12-31 2.00 2.37 1.80 5.00
2020-12-31 1.98 2.20 1.76 9.00
2019-12-31 1.51 1.61 1.37 10.00
WBAG:VER Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.25
2018-09-30 0.91
2018-06-30 1.08
2018-03-31 0.95
2017-12-31 0.87
2017-09-30 1.02
2017-06-30 1.22
2017-03-31 1.25
2016-12-31 1.22
2016-09-30 0.92
2016-06-30 0.47
2016-03-31 0.65

*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.
  • VERBUND is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess VERBUND'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.
VERBUND has a total score of 3/6, 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.

VER Past Performance

  How has VERBUND 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 VERBUND'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.
  • VERBUND's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • VERBUND's 1-year earnings growth exceeds its 5-year average (43.7% vs -4.8%)
  • VERBUND's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (43.7% vs -2.7%).
Earnings and Revenue History
VERBUND'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 VERBUND Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:VER Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,855.72 433.18 344.83
2018-09-30 2,834.85 314.74 341.22
2018-06-30 2,812.55 374.44 339.32
2018-03-31 2,854.05 329.54 333.92
2017-12-31 2,916.95 301.44 336.72
2017-09-30 2,844.96 354.02 323.02
2017-06-30 2,822.06 425.02 334.82
2017-03-31 2,810.06 435.52 335.72
2016-12-31 2,806.26 424.42 336.62
2016-09-30 2,998.85 318.94 353.04
2016-06-30 3,037.65 165.34 341.74
2016-03-31 3,102.75 226.74 353.64
2015-12-31 2,982.45 207.74 356.04
2015-09-30 2,902.08 292.76 378.72
2015-06-30 2,873.58 208.66 389.42
2015-03-31 2,918.98 113.46 406.02
2014-12-31 2,874.98 101.06 417.92
2014-09-30 2,907.33 80.95 475.09
2014-06-30 2,989.73 213.35 474.89
2014-03-31 2,998.53 905.75 463.69
2013-12-31 3,185.83 943.85 451.49
2013-09-30 3,225.92 956.21 385.66
2013-06-30 3,202.22 994.21 382.76
2013-03-31 3,153.52 349.11 374.86
2012-12-31 3,162.02 389.11 371.16
2012-09-30 3,113.52 373.18 383.30
2012-06-30 3,124.22 393.58 358.30

*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.
  • VERBUND has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • VERBUND used its assets more efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • VERBUND has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess VERBUND'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.
VERBUND has a total score of 4/6, 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.

VER Health

 How is VERBUND'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 VERBUND's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VERBUND's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • VERBUND's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of VERBUND'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 0.4x 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 VERBUND Company Filings, last reported 3 months ago.

WBAG:VER Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,941.02 2,242.16 108.65
2018-09-30 5,692.90 2,360.10 119.90
2018-06-30 5,728.70 2,378.40 92.30
2018-03-31 5,865.40 2,270.00 75.40
2017-12-31 5,690.83 2,374.15 28.59
2017-09-30 5,690.70 2,457.60 13.00
2017-06-30 5,625.60 2,538.00 15.60
2017-03-31 5,691.40 2,654.80 59.30
2016-12-31 5,529.50 2,746.68 27.96
2016-09-30 5,544.50 2,861.20 18.10
2016-06-30 5,404.70 3,066.20 77.40
2016-03-31 5,584.80 2,971.10 70.40
2015-12-31 5,433.32 3,163.30 28.89
2015-09-30 5,376.40 3,156.00 64.90
2015-06-30 5,317.50 3,239.50 55.90
2015-03-31 5,361.90 3,733.90 247.90
2014-12-31 5,280.45 3,753.85 41.68
2014-09-30 5,214.50 3,671.50 189.40
2014-06-30 5,221.30 3,631.50 30.20
2014-03-31 5,633.70 4,153.60 196.30
2013-12-31 5,552.89 4,046.07 83.34
2013-09-30 5,476.10 3,941.40 48.20
2013-06-30 5,429.20 4,042.50 65.90
2013-03-31 5,209.70 4,295.60 104.30
2012-12-31 5,099.39 4,368.16 121.67
2012-09-30 5,005.20 4,035.30 60.00
2012-06-30 4,935.10 4,169.70 59.40
  • VERBUND's level of debt (37.7%) 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 (72.9% vs 37.7% today).
  • Debt is well covered by operating cash flow (29.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess VERBUND'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. VERBUND 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.

VER Dividends

 What is VERBUND'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
0.96%
Current annual income from VERBUND dividends. Estimated to be 2.16% next year.
If you bought €2,000 of VERBUND shares you are expected to receive €19 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?
  • VERBUND's pays a lower dividend yield than the bottom 25% of dividend payers in Austria (1.47%).
  • VERBUND's dividend is below the markets top 25% of dividend payers in Austria (4.59%).
Upcoming dividend payment

Purchase VERBUND before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:VER 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 12 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 50 Stocks 3.3%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.5%
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.

WBAG:VER Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.30 1.00
2022-12-31 1.04 3.00
2021-12-31 1.11 8.00
2020-12-31 1.01 12.00
2019-12-31 0.63 8.00
WBAG:VER Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.420 0.966
2018-03-15 0.420 1.259
2018-03-14 0.420 1.817
2017-03-08 0.290 1.569
2016-03-09 0.350 2.595
2015-03-11 0.290 2.244
2014-03-05 0.550 3.662
2013-02-01 0.600 3.758
2013-01-15 0.600 3.550
2012-07-25 0.550 3.222
2012-07-16 0.550 3.384
2012-02-29 0.550 2.741
2011-03-02 0.550 2.260
2011-02-01 0.550 1.930
2010-03-02 1.000 3.654
2009-04-23 1.050 3.228

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VERBUND is not paying a notable dividend for Austria, therefore no need to check if the payments are stable.
  • VERBUND is not paying a notable dividend for Austria, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of VERBUND's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of VERBUND's dividends as it is not paying a notable one for Austria.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess VERBUND's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 VERBUND afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VERBUND has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VER Management

 What is the CEO of VERBUND'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.
CEO
Wolfgang Anzengruber
COMPENSATION €1,413,227
AGE 62
TENURE AS CEO 10.8 years
CEO Bio

General Wolfgang Anzengruber has been the Chief Executive Officer of Verbund AG since June 2008 and has been its Chairman of Executive Board since 2009 and has been Member of Executive Board since January 2009. General Anzengruber serves as the Chief Executive Officer and Member of Management Board at VERBUND-Austrian Renewable Power GmbH. He serves as the Chief Executive Officer and Member of Management Board at Ratcliff Palfinger Ltd. He serves as General Director of Verbund International GmbH. He served as the Chief Executive Officer at Palfinger AG from September 2003 to June 19, 2008, its Chief Financial Officer from June 2006 to August 31, 2008 and Member of the Management Board until August 2008. He served as Chairman of the Management Board at Palfinger AG from September 2003 to 2008. He served as Chief Financial Officer of Verbund AG from January 2009 to March 2013 and served as its General Director. He was In Charge of legal affairs, IT, personnel, procurement, communications and investor relations at Palfinger AG. He served as a Member of the Management team of ABB Österreich. He joined Palfinger Group in 2003. He served as Project Manager of Simmering Graz Pauker AG from February 1983 to January 1988. He served as Managing Director of SYSTEC Industrieautomation GmbH from February 1988 to April 1990 and also served as Technical Manager and Managing Director of ABB Industrie GmbH from May 1990 to February 1993. General Anzengruber served as Senior Executive Vice President of Administration and Executive Vice President at ABB Energie AG from March 1993 to September 1997 and served as its Member of the Managing Board from 1993 to 1997. He served as a Member of the Managing Board of ABB Austria from 1997 to 1999, Salzburger Stadtwerke AG from 1999 to 2000 and Salzburg AG from 2000 to 2003. He served as Managing Director of ABB Industrie & Gebäudesysteme GmbH. He served as an Executive Vice President of Salzburger Stadtwerke AG from September 1999 to September 2000 and Senior Executive Vice President of Sales at Salzburg AG für Energie, Verkehr und Telekommunikation (merged company of Salzburger Stadtwerke AG & SAFE [Salzburger Aktiengesellschaft für Elektrizitätswirtschaft from October 2001 to August 2003. He served as Vice Chairman of the Supervisory Board at Energie Steiermark AG. He serves as a Member of Supervisory Board at Verbund International Finance B.V. He served as Member of the Supervisory Board at Palfinger AG since March 31, 2010 until June 16, 2015. He served as an Executive Director of ABB Austria from October 1997 to August 1999. He attended Primary School from 1963 to 1971 and Technical School of Mechanical Engineering from 1971 to 1976. General Anzengruber attended University of Vienna and studied Mech. Engineering & Economics from 1977 to 1982 and graduated in Civil Engineering in 1992.

CEO Compensation
  • Wolfgang's compensation has been consistent with company performance over the past year.
  • Insufficient data for Wolfgang to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

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

2.8
Average Tenure
55
Average Age
  • The tenure for the VERBUND management team is about average.
Management Team

Wolfgang Anzengruber

TITLE
Chairman of Executive Board & CEO
COMPENSATION
€1M
AGE
62
TENURE
10.8 yrs

Peter Kollmann

TITLE
CFO & Member of the Executive Board
COMPENSATION
€1M
AGE
56
TENURE
5.3 yrs

Michael Strugl

TITLE
Deputy CEO & Vice Chairman of the Board
AGE
54
TENURE
0.3 yrs

Achim Kaspar

TITLE
Member of Executive Board
AGE
53
TENURE
0.3 yrs

Andreas Wollein

TITLE
Head of Group Finance

Beate McGinn

TITLE
Head of Group Communications
Board of Directors Tenure

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

4
Average Tenure
55
Average Age
  • The tenure for the VERBUND board of directors is about average.
Board of Directors

Gerhard Roiss

TITLE
Chairman of Supervisory Board
COMPENSATION
€72K
AGE
66
TENURE
2 yrs

Michael Süß

TITLE
1st Vice-Chairman of Supervisory Board
COMPENSATION
€31K
AGE
55
TENURE
4 yrs

Elisabeth Engelbrechtsmüller-Strauß

TITLE
2nd Vice-Chairwoman of Supervisory Board
COMPENSATION
€62K
AGE
48
TENURE
4 yrs

Kurt Christof

TITLE
Employee representative Member of Supervisory Board
COMPENSATION
€5K
AGE
54
TENURE
15.1 yrs

Harald Kaszanits

TITLE
Member of Supervisory Board
COMPENSATION
€28K
AGE
55
TENURE
9 yrs

Christa Wagner

TITLE
Member of Supervisory Board
COMPENSATION
€27K
AGE
58
TENURE
9 yrs

Wolfgang Liebscher

TITLE
Employee representative Member of Supervisory Board
COMPENSATION
€4K
AGE
52
TENURE
5.4 yrs

Werner Muhm

TITLE
Member of Supervisory Board
COMPENSATION
€28K
AGE
68
TENURE
4 yrs

Susanne Riess-Passer

TITLE
Member of Supervisory Board
COMPENSATION
€13K
AGE
57
TENURE
4 yrs

Jürgen Roth

TITLE
Member of Supervisory Board
COMPENSATION
€13K
AGE
45
TENURE
4 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 VERBUND'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. VERBUND 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.

VER News

Simply Wall St News

Will VERBUND AG's (VIE:VER) Earnings Grow Over The Next Few Years?

In December 2018, VERBUND AG (VIE:VER) released its latest earnings announcement, whicha … revealed … business

Simply Wall St -

Does VERBUND AG's (VIE:VER) CEO Pay Compare Well With Peers?

This analysis aims first to contrast CEO compensation with other large companies. … How Does Wolfgang Anzengruber's Compensation Compare With Similar Sized Companies. … Our data indicates that VERBUND AG is worth €15b, and total annual CEO compensation is €1.4m.

Simply Wall St -

If You Had Bought VERBUND (VIE:VER) Stock Three Years Ago, You Could Pocket A 288% Gain Today

To wit, the VERBUND AG (VIE:VER) share price has flown 288% in the last three years. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During three years of share price growth, VERBUND achieved compound earnings per share growth of 28% per year.

Simply Wall St -

Are VERBUND AG (VIE:VER) Shareholders Getting A Good Deal?

I’ve analysed below, the health and outlook of VERBUND’s cash flow, which will help you understand the stock from a cash standpoint. … VERBUND generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … The two ways to assess whether VERBUND’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow

Simply Wall St -

Something To Consider Before Buying VERBUND AG (VIE:VER) For The 1.0% Dividend

Historically, VERBUND AG (VIE:VER) has paid dividends to shareholders, and these days it yields 1.0%. … Let's dig deeper into whether VERBUND should have a place in your portfolio. … View our latest analysis for VERBUND

Simply Wall St -

Should VERBUND AG (VIE:VER) Focus On Improving This Fundamental Metric?

Our data shows VERBUND has a return on equity of 5.6% for the last year. … That means that for every €1 worth of shareholders' equity, it generated €0.056 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is VERBUND AG's (VIE:VER) Balance Sheet Strong Enough To Weather A Storm?

the health of the financials determines whether the company continues to succeed. … Today we will look at VERBUND’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further

Simply Wall St -

Is Now The Time To Look At Buying VERBUND AG (VIE:VER)?

The company's stock. … saw a significant share price rise of over 20% in the past couple of months on the WBAG. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock

Simply Wall St -

Here's What VERBUND AG's (VIE:VER) P/E Is Telling Us

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Based on the last twelve months, VERBUND's P/E ratio is 43.2. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Here’s why VERBUND AG’s (VIE:VER) Returns On Capital Matters So Much

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the 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 -

VER Company Info

Description

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchanges, traders, energy utilities and industrial companies, and households and commercial customers in Austria and internationally. The company operates through Renewable Generation, Sales, Grid, and All Other segments. As of December 31, 2018, it operated hydropower plants with a capacity of 8,215 megawatts (MW); wind farms with a capacity of 418 MW; and thermal power plants with an electrical capacity of 1,094 MW. The company also operates a transmission grid in Austria; and trades and sells gas, as well as provides energy-related services. The company was formerly known as Österreichische Elektrizitätswirtschafts- Aktiengesellschaft and changed its name to VERBUND AG in 2010. VERBUND AG was founded in 1947 and is headquartered in Vienna, Austria.

Details
Name: VERBUND AG
VER
Exchange: WBAG
Founded: 1947
€15,265,445,242
347,415,686
Website: http://www.verbund.com
Address: VERBUND AG
Am Hof 6a,
Vienna,
Vienna, 1010,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG VER Category A Bearer Shares Wiener Boerse AG AT EUR 21. Mar 1990
OTCPK OEZV.F Category A Bearer Shares Pink Sheets LLC US USD 21. Mar 1990
DB OEWA Category A Bearer Shares Deutsche Boerse AG DE EUR 21. Mar 1990
XTRA OEWA Category A Bearer Shares XETRA Trading Platform DE EUR 21. Mar 1990
LSE 0NR1 Category A Bearer Shares London Stock Exchange GB EUR 21. Mar 1990
SWX VER Category A Bearer Shares SIX Swiss Exchange CH CHF 21. Mar 1990
SEP VER Category A Bearer Shares The Stock Exchange Prague Co. Ltd. CZ CZK 21. Mar 1990
BATS-CHIXE VERV Category A Bearer Shares BATS 'Chi-X Europe' GB EUR 21. Mar 1990
OTCPK OEZV.Y SPONSORED ADR Pink Sheets LLC US USD 14. Dec 1999
Number of employees
Current staff
Staff numbers
2,742
VERBUND employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 20:49
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.