BKW Management
Management criteria checks 4/4
BKW's CEO is Robert Itschner, appointed in Oct 2022, has a tenure of 3.58 years. total yearly compensation is CHF1.52M, comprised of 52.7% salary and 47.3% bonuses, including company stock and options. directly owns 0.004% of the company’s shares, worth CHF341.50K. The average tenure of the management team and the board of directors is 2.5 years and 8 years respectively.
Key information
Robert Itschner
Chief executive officer
CHF 1.5m
Total compensation
| CEO salary percentage | 52.67% |
| CEO tenure | 3.6yrs |
| CEO ownership | 0.004% |
| Management average tenure | 2.5yrs |
| Board average tenure | 8yrs |
Recent management updates
Recent updates
Narrative Update • May 06
BKW: Neutral Outlook Will Center On CHF 160 Level And Execution
Narrative Update on BKW The analyst price target for BKW has shifted from CHF 163.64 to CHF 164.48, with analysts pointing to updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, alongside fresh Neutral coverage and a CHF 160 price target from recent Street research. Analyst Commentary Recent research coverage sets a CHF 160 price target alongside a Neutral stance, which sits just below the updated analyst fair value assumptions for BKW.Narrative Update • Apr 21
BKW: Neutral Stance Highlights CHF 160 Level And Execution Risks
Narrative Update on BKW The analyst price target for BKW is now CHF 160. This level is supported by recent coverage where analysts collectively point to a more cautious stance on the shares while maintaining a broadly neutral view.Narrative Update • Apr 06
BKW: Neutral Outlook Balances Earnings Reset With Modest P/E Expectations
Narrative Update The analyst price target for BKW is updated to CHF 163.64 from CHF 162.81. Analysts point to refined assumptions on long term revenue growth, slightly higher projected profit margins, and a modestly higher future P/E multiple as key drivers behind the change.Narrative Update • Mar 23
BKW: Neutral Stance On Earnings Reset And Moderating Future P/E
The analyst price target for BKW has shifted slightly to CHF 160 as analysts factor in updated assumptions around revenue growth, margins, and a lower future P/E, while keeping discount rate expectations unchanged and referencing recent Neutral coverage and downgrades. Analyst Commentary Bullish Takeaways Bullish analysts see the CHF 160 price target as consistent with a view that BKW can still execute on its revenue and margin assumptions, even with a lower future P/E embedded in their models.Narrative Update • Mar 08
BKW: Higher Future P/E And Reset EBIT Guidance Will Drive Re Rating
Narrative Update on BKW Analysts have trimmed their price target on BKW to about CHF 165 from around CHF 170. They cited more cautious assumptions on revenue growth and profit margins, partly offset by a higher expected future P/E multiple and recent neutral to cautious coverage from the Street.Narrative Update • Feb 22
BKW: Reset EBIT Guidance Will Support Re Rating Potential
Analysts have trimmed their price target on BKW to CHF169.76. The shift reflects a more cautious stance on the shares following recent research that has turned more bearish on the name.Narrative Update • Feb 07
BKW: Rebased EBIT Guidance Will Shape Future Upside Potential
Analysts have trimmed their fair value estimate for BKW from CHF 182.38 to about CHF 169.76, reflecting slightly lower assumptions for revenue growth, profit margins and future P/E. This aligns with more cautious recent Street research, including a downgrade from Kepler Cheuvreux.Narrative Update • Jan 23
B9W: Neutral Ratings And Lower Power Prices Will Shape Upside Potential
Narrative Update on BKW Analysts have trimmed their price targets on BKW, with our updated fair value moving from CHF 193 to about CHF 182. They point to downside risk to consensus estimates in a low power price environment and reflect more cautious views following recent downgrades to Neutral by several firms.Analysis Article • Dec 28
Here's Why BKW (VTX:BKW) Can Manage Its Debt Responsibly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Dec 12
BKW AG's (VTX:BKW) Share Price Could Signal Some Risk
It's not a stretch to say that BKW AG's ( VTX:BKW ) price-to-earnings (or "P/E") ratio of 18.8x right now seems quite...Analysis Article • Nov 27
We Like These Underlying Return On Capital Trends At BKW (VTX:BKW)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...Analysis Article • Oct 09
Are Investors Undervaluing BKW AG (VTX:BKW) By 31%?
Key Insights BKW's estimated fair value is CHF256 based on 2 Stage Free Cash Flow to Equity Current share price of...Analysis Article • Sep 24
Here's Why BKW (VTX:BKW) Can Manage Its Debt Responsibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Narrative Update • Sep 24
Grimsel Dam Approval Will Boost Future Energy Production
The consensus analyst price target for BKW has been modestly raised to CHF193.00, reflecting minor improvements in both future P/E and net profit margin. Valuation Changes Summary of Valuation Changes for BKW The Consensus Analyst Price Target has risen slightly from CHF188.00 to CHF193.00.Analysis Article • Sep 09
BKW AG's (VTX:BKW) Share Price Not Quite Adding Up
It's not a stretch to say that BKW AG's ( VTX:BKW ) price-to-earnings (or "P/E") ratio of 18.7x right now seems quite...Narrative Update • Aug 27
Grimsel Dam Approval Will Boost Future Energy Production
The upward revision in BKW’s consensus price target is primarily driven by a substantial increase in forecast revenue growth and a modest improvement in net profit margins, resulting in a new fair value of CHF188.00. Valuation Changes Summary of Valuation Changes for BKW The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CHF185.00 to CHF188.00.Analysis Article • Aug 11
Here's Why BKW (VTX:BKW) Has Caught The Eye Of Investors
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Jul 11
BKW (VTX:BKW) Is Experiencing Growth In Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...Analysis Article • Jun 13
A Look At The Intrinsic Value Of BKW AG (VTX:BKW)
Key Insights Using the 2 Stage Free Cash Flow to Equity, BKW fair value estimate is CHF197 BKW's CHF173 share price...Analysis Article • May 26
These 4 Measures Indicate That BKW (VTX:BKW) Is Using Debt Reasonably Well
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Narrative • Feb 09
Grimsel Dam Approval Will Boost Future Energy Production
Strategic renewable energy projects and expansions, including wind, solar, and battery storage, are expected to drive future revenue growth.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | CHF 2m | CHF 800k | CHF 357m |
| Sep 30 2025 | n/a | n/a | CHF 408m |
| Jun 30 2025 | n/a | n/a | CHF 459m |
| Mar 31 2025 | n/a | n/a | CHF 541m |
| Dec 31 2024 | CHF 2m | CHF 800k | CHF 622m |
| Sep 30 2024 | n/a | n/a | CHF 562m |
| Jun 30 2024 | n/a | n/a | CHF 501m |
| Mar 31 2024 | n/a | n/a | CHF 489m |
| Dec 31 2023 | CHF 2m | CHF 770k | CHF 478m |
Compensation vs Market: Robert's total compensation ($USD1.95M) is below average for companies of similar size in the Swiss market ($USD6.21M).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
CEO
Robert Itschner (59 yo)
3.6yrs
Tenure
CHF 1,519,000
Compensation
Mr. Robert Itschner is Chief Executive Officer & Member of Executive Board of BKW AG from October 1, 2022. He joined the BKW AG in 2022. He is Chairman of the Executive Board at BKW AG since November, 01 2...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Executive Board & CEO | 3.6yrs | CHF 1.52m | 0.0043% CHF 341.5k | |
| CFO, Deputy to CEO & Member of Executive Board | 2.8yrs | no data | 0.0014% CHF 111.7k | |
| Executive VP of Power Grid & Member of the Executive Board | 5.3yrs | no data | 0.013% CHF 1.1m | |
| Chief Communications Officer & Member of Extended Group Executive Board | no data | no data | no data | |
| Member of the Executive Board | 6.3yrs | no data | 0.015% CHF 1.2m | |
| Executive VP of Engineering & Member of the Executive Board | no data | no data | 0.0032% CHF 252.1k | |
| Executive VP of Building Solutions & Member of Executive Board | 2.5yrs | no data | 0.0014% CHF 109.3k | |
| Executive VP of Infra Services & Member of Executive Board | 2.5yrs | no data | 0.0034% CHF 271.3k | |
| Executive VP of Energy Markets & Member of Executive Board | 2.5yrs | no data | 0.00040% CHF 31.9k | |
| Chief Human Resources Officer & Member of the Extended Executive Board | 1.3yrs | no data | no data | |
| Chief Legal & Compliance Officer and Member of the Extended Executive Board | no data | no data | no data | |
| Executive VP of Energy Production & Member of Executive Board | less than a year | no data | no data |
2.5yrs
Average Tenure
58yo
Average Age
Experienced Management: BKW's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 14yrs | CHF 124.00k | 0.0018% CHF 144.4k | |
| Independent Chairman of Board | 13yrs | CHF 446.00k | 0.013% CHF 1.1m | |
| Independent Director | 8yrs | CHF 150.00k | 0.0052% CHF 413.3k | |
| Independent Director | 5yrs | CHF 146.00k | 0.0018% CHF 144.4k | |
| Independent Director | 4yrs | CHF 138.00k | 0.0064% CHF 507.5k | |
| Independent Deputy Chair | 8yrs | CHF 172.00k | 0.0029% CHF 231.4k | |
| Independent Director | 7.7yrs | CHF 151.00k | 0.0052% CHF 413.3k | |
| Director | no data | CHF 63.00k | no data |
8.0yrs
Average Tenure
55yo
Average Age
Experienced Board: BKW's board of directors are considered experienced (8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 16:14 |
| End of Day Share Price | 2026/05/11 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
BKW AG is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Peter Rothenaicher | Baader Helvea Equity Research |
| Rene Rückert | Baader Helvea Equity Research |
| Marta Bruska | Baader Helvea Equity Research |