Romande Energie Holding SA

SWX:REHN Stock Report

Market Cap: CHF 1.3b

Romande Energie Holding Past Earnings Performance

Past criteria checks 4/6

Romande Energie Holding's earnings have been declining at an average annual rate of -0.02%, while the Electric Utilities industry saw earnings growing at 16.2% annually. Revenues have been growing at an average rate of 8.1% per year. Romande Energie Holding's return on equity is 3.7%, and it has net margins of 10.1%.

Key information

-0.022%

Earnings growth rate

0.35%

EPS growth rate

Electric Utilities Industry Growth7.32%
Revenue growth rate8.07%
Return on equity3.68%
Net Margin10.09%
Last Earnings Update31 Dec 2025

Recent past performance updates

Analysis Article Apr 13

We Like The Quality Of Romande Energie Holding's (VTX:REHN) Earnings

Romande Energie Holding SA's ( VTX:REHN ) solid earnings announcement recently didn't do much to the stock price. We...
Analysis Article Apr 16

Some May Be Optimistic About Romande Energie Holding's (VTX:REHN) Earnings

Shareholders appeared unconcerned with Romande Energie Holding SA's ( VTX:REHN ) lackluster earnings report last week...
Analysis Article May 05

There May Be Underlying Issues With The Quality Of Romande Energie Holding's (VTX:REHN) Earnings

Romande Energie Holding SA's ( VTX:REHN ) robust earnings report didn't manage to move the market for its stock. Our...
Analysis Article Feb 09

Here's Why We Don't Think Romande Energie Holding's (VTX:HREN) Statutory Earnings Reflect Its Underlying Earnings Potential

As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...

Recent updates

Narrative Update May 20

REHN: Updated Margin And P/E Assumptions Will Shape A More Balanced Outlook

Analysts have adjusted their price target on Romande Energie Holding slightly higher from CHF49.0 to CHF49.8. They cite updated assumptions for discount rates, revenue growth, profit margins and future P/E as key drivers of the change. Valuation Changes Fair Value: updated slightly higher from CHF49.0 to CHF49.8 per share.
Narrative Update May 04

REHN: Higher Future P/E Assumptions Will Support A More Optimistic Outlook

Analysts have raised their price target on Romande Energie Holding from CHF55.00 to CHF60.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E levels. Valuation Changes Fair Value: Updated from CHF55.00 to CHF60.00, indicating a CHF5.00 uplift in the assessed value per share.
Narrative Update Apr 20

REHN: Higher Profitability Assumptions Will Shape A More Balanced Outlook

Analysts have lifted their price target on Romande Energie Holding from CHF 41.20 to CHF 49.00, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E as support for the new valuation view. Valuation Changes Fair Value: revised from CHF 41.20 to CHF 49.00, indicating a higher central valuation level for the shares.
Analysis Article Apr 13

We Like The Quality Of Romande Energie Holding's (VTX:REHN) Earnings

Romande Energie Holding SA's ( VTX:REHN ) solid earnings announcement recently didn't do much to the stock price. We...
Narrative Update Apr 06

REHN: Adjusted Margins And Higher P/E Assumptions Will Sustain Fair Value

Analysts have kept their CHF price target for Romande Energie Holding unchanged, as adjustments to revenue growth, profit margin and future P/E assumptions are viewed as offsetting each other in the updated model. Valuation Changes Fair Value: CHF48.43 is unchanged in the updated model, indicating no revision to the central value estimate.
Narrative Update Mar 21

REHN: Steady Margins And P/E Assumptions Will Continue To Support Fair Value

Analysts have kept their CHF price target for Romande Energie Holding steady at CHF 48.43. This reflects unchanged assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E, and signals that recent information has not shifted their overall view of the shares.
Narrative Update Mar 07

REHN: Stable Profitability And P/E Assumptions Will Support A Fairly Valued Outlook

Analysts have kept their CHF price target for Romande Energie Holding broadly unchanged. The latest CHF 48.43 figure reflects steady assumptions around the discount rate, revenue growth, profit margin and future P/E, rather than any shift in the underlying outlook.
Narrative Update Feb 21

REHN: Future Profitability And P/E Assumptions Will Shape A Fairly Valued Outlook

Analysts have raised their price target on Romande Energie Holding from CHF 46.07 to CHF 48.43, citing updated assumptions for fair value, discount rate, revenue growth, profit margins, and a revised future P/E of 7.60. Valuation Changes Fair Value: CHF 46.07 to CHF 48.43, indicating a modest uplift in the assessed share value.
Analysis Article Feb 13

What You Can Learn From Romande Energie Holding SA's (VTX:REHN) P/S

It's not a stretch to say that Romande Energie Holding SA's ( VTX:REHN ) price-to-sales (or "P/S") ratio of 1.4x right...
Analysis Article Oct 08

A Look At The Fair Value Of Romande Energie Holding SA (VTX:REHN)

Key Insights The projected fair value for Romande Energie Holding is CHF43.29 based on Dividend Discount Model Romande...
New Narrative Sep 07

Switzerland And EU Reforms Will Transform Energy Infrastructure

Key Takeaways Regulatory changes and favorable policies are creating new growth avenues in decarbonization, grid modernization, and energy renovation, supporting sustained revenue and margin expansion. Smart meter deployment, digital innovation, operational efficiencies, and strategic investments in renewables and acquisitions are strengthening profitability and future earnings stability.
Analysis Article Sep 05

Earnings Report: Romande Energie Holding SA Missed Revenue Estimates By 14%

It's been a good week for Romande Energie Holding SA ( VTX:REHN ) shareholders, because the company has just released...
Analysis Article Jul 03

Romande Energie Holding (VTX:REHN) Might Be Having Difficulty Using Its Capital Effectively

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article May 16

Romande Energie Holding SA's (VTX:REHN) Share Price Matching Investor Opinion

There wouldn't be many who think Romande Energie Holding SA's ( VTX:REHN ) price-to-sales (or "P/S") ratio of 1.4x is...
Analysis Article Apr 16

Some May Be Optimistic About Romande Energie Holding's (VTX:REHN) Earnings

Shareholders appeared unconcerned with Romande Energie Holding SA's ( VTX:REHN ) lackluster earnings report last week...
Analysis Article Jan 04

Return Trends At Romande Energie Holding (VTX:REHN) Aren't Appealing

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Analysis Article Dec 05

Romande Energie Holding (VTX:REHN) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 17

Romande Energie Holding SA's (VTX:REHN) Shares Lagging The Market But So Is The Business

When close to half the companies in Switzerland have price-to-earnings ratios (or "P/E's") above 21x, you may consider...
Analysis Article Jun 05

Is Now The Time To Put Romande Energie Holding (VTX:REHN) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article May 05

There May Be Underlying Issues With The Quality Of Romande Energie Holding's (VTX:REHN) Earnings

Romande Energie Holding SA's ( VTX:REHN ) robust earnings report didn't manage to move the market for its stock. Our...
Analysis Article May 03

There's Been No Shortage Of Growth Recently For Romande Energie Holding's (VTX:REHN) Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
Analysis Article Mar 29

Are Romande Energie Holding SA (VTX:REHN) Investors Paying Above The Intrinsic Value?

Key Insights The projected fair value for Romande Energie Holding is CHF40.99 based on Dividend Discount Model Romande...
Analysis Article Feb 02

Romande Energie Holding (VTX:REHN) Has Some Way To Go To Become A Multi-Bagger

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Analysis Article Nov 11

Does Romande Energie Holding (VTX:REHN) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Oct 24

Romande Energie Holding (VTX:REHN) Hasn't Managed To Accelerate Its Returns

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Analysis Article Sep 03

Upgrade: Analysts Just Made A Sizeable Increase To Their Romande Energie Holding SA (VTX:REHN) Forecasts

Romande Energie Holding SA ( VTX:REHN ) shareholders will have a reason to smile today, with the analysts making...
Analysis Article Jul 18

Romande Energie Holding (VTX:REHN) Could Be Struggling To Allocate Capital

When researching a stock for investment, what can tell us that the company is in decline? Businesses in decline often...
Analysis Article Apr 15

Analysts Just Shaved Their Romande Energie Holding SA (VTX:HREN) Forecasts Dramatically

The analysts covering Romande Energie Holding SA ( VTX:HREN ) delivered a dose of negativity to shareholders today, by...
Analysis Article Mar 06

These Return Metrics Don't Make Romande Energie Holding (VTX:HREN) Look Too Strong

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article Sep 02

Be Wary Of Romande Energie Holding (VTX:HREN) And Its Returns On Capital

When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
Analysis Article May 19

Is Romande Energie Holding (VTX:HREN) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Jan 22

These Return Metrics Don't Make Romande Energie Holding (VTX:HREN) Look Too Strong

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article Nov 25

Is Romande Energie Holding (VTX:HREN) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Sep 05

These Return Metrics Don't Make Romande Energie Holding (VTX:HREN) Look Too Strong

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Analysis Article May 02

Romande Energie Holding (VTX:HREN) Has Some Difficulty Using Its Capital Effectively

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Analysis Article Mar 01

Here's What You Should Know About Romande Energie Holding SA's (VTX:HREN) 2.9% Dividend Yield

Is Romande Energie Holding SA ( VTX:HREN ) a good dividend stock? How can we tell? Dividend paying companies with...
Analysis Article Feb 09

Here's Why We Don't Think Romande Energie Holding's (VTX:HREN) Statutory Earnings Reflect Its Underlying Earnings Potential

As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
Analysis Article Jan 11

Is Romande Energie Holding (VTX:HREN) Using Capital Effectively?

To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Analysis Article Dec 25

What Kind Of Investors Own Most Of Romande Energie Holding SA (VTX:HREN)?

A look at the shareholders of Romande Energie Holding SA ( VTX:HREN ) can tell us which group is most powerful. Large...
Analysis Article Nov 25

Is Romande Energie Holding SA (VTX:HREN) A Good Fit For Your Dividend Portfolio?

Dividend paying stocks like Romande Energie Holding SA (VTX:HREN) tend to be popular with investors, and for good...

Revenue & Expenses Breakdown

How Romande Energie Holding makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

SWX:REHN Revenue, expenses and earnings (CHF Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 25788791880
30 Sep 25789391860
30 Jun 25795-21830
31 Mar 25815111820
31 Dec 24830241810
30 Sep 24854581770
30 Jun 24878931730
31 Mar 248981201680
31 Dec 239181481620
30 Sep 238881761580
30 Jun 238572041550
31 Mar 237981201510
31 Dec 22738371470
30 Sep 22700-101440
30 Jun 22662-571410
31 Mar 22637-121390
31 Dec 21612331370
30 Sep 21599631330
30 Jun 21586931280
31 Mar 21574871220
31 Dec 20562811170
30 Sep 20531671160
30 Jun 20500531150
31 Mar 20512431140
31 Dec 19523331130
30 Sep 19563331130
30 Jun 19603321130
31 Mar 19600411120
31 Dec 18597501110
30 Sep 18593781070
30 Jun 185881121040
31 Mar 185811141020
31 Dec 175741111010
30 Sep 1757796880
30 Jun 1758487980
31 Mar 1759398970
31 Dec 16598106840
30 Sep 16597106940
30 Jun 16593104930
31 Mar 1659149930
31 Dec 15589-6930
30 Sep 15587-129930
30 Jun 15585-253930

Quality Earnings: REHN has high quality earnings.

Growing Profit Margin: REHN's current net profit margins (10.1%) are higher than last year (2.9%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: REHN's earnings have declined by 0.02% per year over the past 5 years.

Accelerating Growth: REHN's earnings growth over the past year (227.6%) exceeds its 5-year average (-0.02% per year).

Earnings vs Industry: REHN earnings growth over the past year (227.6%) exceeded the Electric Utilities industry 2.8%.


Return on Equity

High ROE: REHN's Return on Equity (3.7%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 14:16
End of Day Share Price 2026/05/22 00:00
Earnings2025/12/31
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

Romande Energie Holding SA is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Volker BosseBaader Helvea Equity Research
Knut WollerBaader Helvea Equity Research
Christian ObstBaader Helvea Equity Research