VERBUND AG

WBAG:VER Stock Report

Market Cap: €20.0b

VERBUND Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Michael Strugl

Chief executive officer

€2.0m

Total compensation

CEO salary percentage39.05%
CEO tenure7.3yrs
CEO ownershipn/a
Management average tenure7.3yrs
Board average tenure7.6yrs

Recent management updates

Recent updates

Narrative Update • May 24

VER: Softer Margins And Dividend Policy Will Shape Future Risk Reward Balance

Narrative update on VERBUND The analyst price target for VERBUND has been cut by €1.45, with recent reductions toward about €56. This reflects analysts' focus on softer profit margin expectations, a slightly higher discount rate, and more conservative P/E assumptions, despite a less steep projected revenue decline.
Narrative Update • May 07

VER: Richer Future P/E And Margin Reset Will Pressure Overvalued Shares

The updated analyst price target for VERBUND moves slightly lower to €53.90. Analysts point to a higher discount rate, softer margin assumptions and a richer future P/E multiple as key drivers behind the recent series of target cuts and downgrades.
Narrative Update • Apr 23

VER: 2026 Earnings Guidance And Dividend Will Support Upside Potential

Analysts have reduced their average price target on VERBUND by around €0.20. This reflects slightly softer assumptions for long term fair value and earnings power following recent target cuts and downgrades from several research houses.
Narrative Update • Apr 08

VER: Dividend Outlook And 2026 Guidance Will Support Upside Despite Cautious Margins

Analysts have trimmed VERBUND's fair value estimate by about €0.53 per share. This reflects slightly softer profit margin assumptions and a series of recent price target cuts and downgrades, while revenue growth expectations and future P/E assumptions remain largely unchanged.
Narrative Update • Mar 25

VER: Future Earnings Delivery And Dividend Payout Will Shape Balanced Market View

VERBUND’s analyst fair value estimate has been trimmed by about €0.53 to €61.63 as analysts factor in more cautious revenue and margin assumptions, alongside recent price target downgrades. At the same time, some targets, such as Deutsche Bank’s move to €56, have edged slightly higher.
Narrative Update • Mar 09

VER: Future Earnings Quality And Execution Will Shape Balanced Market View

Analysts have trimmed their fair value estimate for VERBUND by about €1.73 to roughly €62.17, reflecting updated views on slightly softer revenue trends, thinner profit margins and a modestly lower future P/E expectation. Recent Street research has shown mixed moves in price targets, including Deutsche Bank's €1 increase and Berenberg's €5 reduction.
Narrative Update • Feb 23

VER: Special Dividend Proposal Will Support Upside Despite More Cautious Outlook

Analysts have trimmed their fair value estimate for VERBUND from about €78.84 to roughly €77.35. They cite slightly higher discount rate assumptions, softer revenue expectations, and a modestly lower profit margin outlook, while keeping future P/E assumptions broadly in line.
Analysis Article • Feb 11

There's Been No Shortage Of Growth Recently For VERBUND's (VIE:VER) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Narrative Update • Feb 08

VER: Special Dividend And Adjusted Assumptions Will Shape Measured Future P/E Outlook

Analysts have reduced their price target on VERBUND by €5, reflecting updated assumptions around discount rates, revenue expectations and profit margins, while keeping their fair value estimate steady at €56.00. Analyst Commentary Bearish analysts cutting their price targets by €5 while holding a fair value estimate of €56.00 are signaling that they see less upside in the current share price than before, even if their long term view on intrinsic value is unchanged.
Narrative Update • Jan 23

VER: Special Dividend Will Offset Cautious Stance On Future P/E

Analysts have trimmed their price targets on VERBUND by €5, reflecting updated views on revenue trends, profit margins and future P/E assumptions. Analyst Commentary Bearish analysts cutting their price targets on VERBUND by €5 are signalling a more cautious stance on the shares, particularly around how current earnings and valuation stack up against updated assumptions.
Analysis Article • Jan 15

A Look At The Intrinsic Value Of VERBUND AG (VIE:VER)

Key Insights The projected fair value for VERBUND is €66.71 based on 2 Stage Free Cash Flow to Equity Current share...
Narrative Update • Jan 09

VER: Special Dividend Plan Will Highlight Stronger Margins And Supportive Outlook

Analysts have trimmed their price target on VERBUND by about €1.83, reflecting updated views that combine a softer revenue outlook with higher projected profit margins and a lower future P/E multiple. What's in the News The Executive Board plans to propose a special dividend of €1.15 per share for the 2025 financial year, in addition to the regular dividend, at the 2026 Annual General Meeting.
Narrative Update • Dec 26

VER: Hold Upgrades Will Limit Future Upside Despite Special Dividend

Analysts have modestly raised their price target on VERBUND to EUR 60, citing recent upgrades to Hold and a more balanced view of revenue growth and profitability despite only minor model assumption changes. Analyst Commentary Recent rating actions reflect a shift from a clearly negative stance toward a more neutral positioning, with upgrades to Hold accompanied by price targets in the EUR 60 to EUR 64.40 range.
Narrative Update • Dec 12

VER: Fair Outlook Will Balance Hold Upgrades And Special Dividend Expectations

Analysts have modestly increased their price target on VERBUND to EUR 56.0 from EUR 55.3. This reflects a slightly higher fair value driven by improving margin expectations and recent rating upgrades to Hold across the Street. Analyst Commentary Recent Street research signals a shift from overtly negative stances toward a more neutral, wait and see posture, with multiple bearish analysts moving their recommendations up to Hold while still flagging downside risks to earnings and valuation.
Analysis Article • Dec 01

These 4 Measures Indicate That VERBUND (VIE:VER) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Oct 26

There Is A Reason VERBUND AG's (VIE:VER) Price Is Undemanding

When close to half the companies in Austria have price-to-earnings ratios (or "P/E's") above 16x, you may consider...
Analysis Article • Oct 05

A Look At The Fair Value Of VERBUND AG (VIE:VER)

Key Insights The projected fair value for VERBUND is €65.01 based on 2 Stage Free Cash Flow to Equity VERBUND's €63.00...
Narrative Update • Sep 13

Limberg III And Spanish Solar Farms Will Face Revenue Risks

With VERBUND's future P/E and net profit margin remaining essentially stable, analysts see little change in fundamentals, resulting in only a marginal decrease in the consensus price target from €64.40 to €63.90. Valuation Changes Summary of Valuation Changes for VERBUND The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from €64.40 to €63.90.
Analysis Article • Aug 18

Returns At VERBUND (VIE:VER) Are On The Way Up

WBAG:VER 1 Year Share Price vs Fair Value Explore VERBUND's Fair Values from the Community and select yours If you're...
Analysis Article • Jul 31

These 4 Measures Indicate That VERBUND (VIE:VER) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article • Jun 26

Estimating The Fair Value Of VERBUND AG (VIE:VER)

Key Insights The projected fair value for VERBUND is €57.86 based on 2 Stage Free Cash Flow to Equity VERBUND's €64.80...
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New Narrative • Nov 10

Austrian Renewable Ambitions Clash With Declining Profits And Mounting Debt

Significant capital investment in hydropower and renewables may impact revenue growth due to high initial costs before returns materialize.

CEO Compensation Analysis

How has Michael Strugl's remuneration changed compared to VERBUND's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

€1b

Dec 31 2025€2m€765k

€1b

Sep 30 2025n/an/a

€2b

Jun 30 2025n/an/a

€2b

Mar 31 2025n/an/a

€2b

Dec 31 2024€2m€765k

€2b

Sep 30 2024n/an/a

€2b

Jun 30 2024n/an/a

€2b

Mar 31 2024n/an/a

€2b

Dec 31 2023€2m€750k

€2b

Sep 30 2023n/an/a

€3b

Jun 30 2023n/an/a

€2b

Mar 31 2023n/an/a

€2b

Dec 31 2022€2m€750k

€2b

Sep 30 2022n/an/a

€1b

Jun 30 2022n/an/a

€1b

Mar 31 2022n/an/a

€1b

Dec 31 2021€1m€750k

€874m

Sep 30 2021n/an/a

€741m

Jun 30 2021n/an/a

€646m

Mar 31 2021n/an/a

€620m

Dec 31 2020€1m€685k

€631m

Sep 30 2020n/an/a

€582m

Jun 30 2020n/an/a

€527m

Mar 31 2020n/an/a

€533m

Dec 31 2019€685k€685k

€555m

Compensation vs Market: Michael's total compensation ($USD2.29M) is about average for companies of similar size in the Austrian market ($USD3.00M).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.

CEO

Michael Strugl (62 yo)

7.3yrs
Tenure
€1,958,902
Compensation

Dr. Michael Strugl has been Chief Executive Officer and Chairman of Executive Board at VERBUND AG since January 1, 2021. Dr. Strugl was the Vice Chairman of the Board at Verbund Ag from January 1, 2019 unt...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Strugl
CEO & Chairman of Executive Board7.3yrs€1.96mno data
Peter Kollmann
CFO & Vice Chairman of the Executive Board12.3yrs€1.65mno data
Achim Kaspar
COO & Member of Executive Board7.3yrs€1.24mno data
Susanna Zapreva-Hennerbichler
Chief Renewables Officer & Member of Executive Board2.3yrs€809.90kno data
Andreas Wollein
Head of Group Finance & Investor Relationsno datano datano data
7.3yrs
Average Tenure
61yo
Average Age

Experienced Management: VER's management team is seasoned and experienced (7.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Edith Hlawati
Independent First Deputy Chairwoman of the Supervisory Board4.1yrsno datano data
Kurt Christof
Employee Representative Member of Supervisory Board22.2yrs€4.00kno data
Martin Ohneberg
Independent Chairman of the Supervisory Board7.1yrs€22.50kno data
Stefan Szyszkowitz
Member of Supervisory Board8.1yrs€12.50kno data
Eva Eberhartinger
Independent Second Deputy Chair of Supervisory Board2.1yrsno datano data
Wolfgang Liebscher
Employee Representative Member of Supervisory Board12.5yrs€3.50kno data
Jürgen Roth
Independent Member of Supervisory Board11.1yrs€20.17kno data
Peter Weinelt
Member of Supervisory Board9.1yrs€12.50kno data
Isabella Hönlinger
Employee Representative Member of Supervisory Board9.7yrs€2.50kno data
Veronika Neugeboren
Employee Representative Member of Supervisory Board7.1yrs€2.00kno data
Eckhardt Rummler
Independent Member of Supervisory Board5.9yrsno datano data
Christa Schlager
Independent Member of Supervisory Board5.9yrsno datano data
7.6yrs
Average Tenure
58.5yo
Average Age

Experienced Board: VER's board of directors are considered experienced (7.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/29 17:00
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

VERBUND AG is covered by 28 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Monica GirardiBarclays
Peter CramptonBarclays
Andrew FisherBerenberg