SWX:EDHN

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Energiedienst Holding

Executive Summary

Energiedienst Holding AG produces, distributes, and sells electricity in Switzerland.


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.

Share Price & News

How has Energiedienst Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EDHN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.3%

EDHN

5.2%

CH Electric Utilities

1.8%

CH Market


1 Year Return

-5.8%

EDHN

7.9%

CH Electric Utilities

3.5%

CH Market

Return vs Industry: EDHN underperformed the Swiss Electric Utilities industry which returned 7.5% over the past year.

Return vs Market: EDHN underperformed the Swiss Market which returned 2.6% over the past year.


Shareholder returns

EDHNIndustryMarket
7 Day-3.3%5.2%1.8%
30 Day-7.6%6.3%1.2%
90 Day-12.9%-6.8%0.3%
1 Year-3.5%-5.8%11.8%7.9%6.9%3.5%
3 Year20.3%10.2%44.9%27.4%16.8%4.9%
5 Year24.3%4.9%44.3%12.7%29.3%7.7%

Price Volatility Vs. Market

How volatile is Energiedienst Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Energiedienst Holding undervalued compared to its fair value and its price relative to the market?

21.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EDHN (CHF29.1) is trading below our estimate of fair value (CHF37.03)

Significantly Below Fair Value: EDHN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EDHN is poor value based on its PE Ratio (88.3x) compared to the Electric Utilities industry average (11.2x).

PE vs Market: EDHN is poor value based on its PE Ratio (88.3x) compared to the Swiss market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: EDHN is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: EDHN is overvalued based on its PB Ratio (1.3x) compared to the XE Electric Utilities industry average (0.8x).


Next Steps

Future Growth

How is Energiedienst Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

33.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EDHN's forecast earnings growth (33.3% per year) is above the savings rate (-0.2%).

Earnings vs Market: EDHN's earnings (33.3% per year) are forecast to grow faster than the Swiss market (8.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EDHN's revenue (2.8% per year) is forecast to grow faster than the Swiss market (2.4% per year).

High Growth Revenue: EDHN's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EDHN's Return on Equity is forecast to be low in 3 years time (7.1%).


Next Steps

Past Performance

How has Energiedienst Holding performed over the past 5 years?

-25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EDHN has a large one-off gain of €2.9M impacting its December 31 2019 financial results.

Growing Profit Margin: EDHN's current net profit margins (1.1%) are lower than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: EDHN's earnings have declined by -25.3% per year over the past 5 years.

Accelerating Growth: EDHN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EDHN had negative earnings growth (-28.7%) over the past year, making it difficult to compare to the Electric Utilities industry average (12%).


Return on Equity

High ROE: EDHN's Return on Equity (1.4%) is considered low.


Next Steps

Financial Health

How is Energiedienst Holding's financial position?


Financial Position Analysis

Short Term Liabilities: EDHN's short term assets (€361.6M) exceed its short term liabilities (€206.9M).

Long Term Liabilities: EDHN's short term assets (€361.6M) do not cover its long term liabilities (€518.1M).


Debt to Equity History and Analysis

Debt Level: EDHN's debt to equity ratio (10.9%) is considered satisfactory.

Reducing Debt: EDHN's debt to equity ratio has increased from 10.5% to 10.9% over the past 5 years.

Debt Coverage: EDHN's debt is well covered by operating cash flow (57%).

Interest Coverage: EDHN earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Energiedienst Holding's current dividend yield, its reliability and sustainability?

2.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EDHN's dividend (2.57%) is higher than the bottom 25% of dividend payers in the Swiss market (1.99%).

High Dividend: EDHN's dividend (2.57%) is low compared to the top 25% of dividend payers in the Swiss market (3.96%).


Stability and Growth of Payments

Stable Dividend: EDHN's dividend payments have been volatile in the past 10 years.

Growing Dividend: EDHN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (223.5%), EDHN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EDHN's dividends in 3 years are forecast to be covered by earnings (59.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.3yrs

Average management tenure


CEO

Jörg Reichert (43yo)

1.33yrs

Tenure

Dr. Jörg Reichert serves as Chairman of Executive Board at Energiedienst Holding AG since 2019 and serves as its Member of Executive Board. He is Chief Executive Officer of Energiedienst Holding AG. He hol ...


Leadership Team

NamePositionTenureCompensationOwnership
Michel Schwery
Member of Executive Board8.33yrs€747.12kno data
Thomas Kusterer
President & Chairman0.083yrno datano data
Jörg Reichert
CEO & Chairman of Executive Board1.33yrsno datano data
Klaus Muller
Head of Finance & Human Resources and Member of the Extended Executive Board4.83yrsno datano data
Christian Bersier
Head of Innovation & New Business and Member of the Extended Executive Board9.42yrsno datano data
Irene Knauber
Head of Service & Production and Member of the Extended Executive Board9.42yrsno datano data
Achim Geigle
Head of Sales & Marketing and Member of the Extended Management Board 9.42yrsno datano data
Boris Philippeit
Head of Staff & Member of the Extended Executive Board4.83yrsno datano data
Herbert Meier
Member of the Extended Executive Boardno datano datano data

8.3yrs

Average Tenure

52yo

Average Age

Experienced Management: EDHN's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Kusterer
President & Chairman0.083yrno datano data
Klaus Eberhardt
Member of the Advisory Boardno data€2.16kno data
Ralph Rieker
President of the Advisory Boardno data€2.93kno data
Marc Wolpensinger
Director7.17yrs€57.08kno data
Phyllis Scholl
Deputy Chairman of the Board of Directors0.33yr€49.15kno data
Barbara Murer
Employee Representative Director6.33yrsno datano data
Martin Bäumle
Member of Advisory Boardno data€2.93kno data
Tilmann Bollacher
Member of the Advisory Boardno data€2.93kno data
Wolfgang Dietz
Member of the Advisory Boardno datano datano data
Philipp Bregy
Vice Chairman0.083yrno datano data

0.3yrs

Average Tenure

51.5yo

Average Age

Experienced Board: EDHN's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Energiedienst Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Energiedienst Holding AG
  • Ticker: EDHN
  • Exchange: SWX
  • Founded:
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: CHF954.787m
  • Shares outstanding: 33.04m
  • Website: https://www.energiedienst.de

Number of Employees


Location

  • Energiedienst Holding AG
  • Baslerstrasse 44
  • Laufenburg
  • Aargau
  • 5080
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EDHNSWX (SIX Swiss Exchange)YesNominal SharesCHCHFFeb 1993
KWK3DB (Deutsche Boerse AG)YesNominal SharesDEEURFeb 1993
0QOHLSE (London Stock Exchange)YesNominal SharesGBCHFFeb 1993

Biography

Energiedienst Holding AG produces, distributes, and sells electricity in Switzerland. It generates electricity from hydro, gas, sun, and wind sources. The company also provides heat and decentralized production services. It serves approximately 270,000 private and commercial customers. The company is based in Laufenburg, Switzerland. Energiedienst Holding AG is a subsidiary of EnBW Energie Baden-Württemberg AG. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 21:25
End of Day Share Price2020/05/28 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.