Stock Analysis Report

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Executive Summary

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, rest of Europe, and internationally. More Details

Snowflake Analysis

Good value with proven track record.

Similar Companies

Share Price & News

How has E.ON's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: EOAN is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: EOAN's weekly volatility (3%) has been stable over the past year.

Market Performance

7 Day Return




DE Integrated Utilities


DE Market

1 Year Return




DE Integrated Utilities


DE Market

Return vs Industry: EOAN underperformed the German Integrated Utilities industry which returned 3.1% over the past year.

Return vs Market: EOAN underperformed the German Market which returned 3.6% over the past year.

Shareholder returns

7 Day-1.4%-1.1%0.4%
30 Day-0.2%6.1%4.8%
90 Day-8.0%1.6%12.2%
1 Year-11.0%-15.1%6.9%3.3%8.2%4.9%
3 Year14.6%1.2%60.5%42.6%6.5%-2.8%
5 Year12.2%-8.9%77.9%48.5%45.0%24.7%

Long-Term Price Volatility Vs. Market

How volatile is E.ON's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is E.ON undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: EOAN (€8.77) is trading below our estimate of fair value (€18.06)

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

Price To Earnings Ratio

PE vs Industry: EOAN is good value based on its PE Ratio (19.1x) compared to the DE Integrated Utilities industry average (31.5x).

PE vs Market: EOAN is good value based on its PE Ratio (19.1x) compared to the German market (24.4x).

Price to Earnings Growth Ratio

PEG Ratio: EOAN is poor value based on its PEG Ratio (1.8x)

Price to Book Ratio

PB vs Industry: EOAN is overvalued based on its PB Ratio (5.3x) compared to the DE Integrated Utilities industry average (2.3x).

Next Steps

Future Growth

How is E.ON forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EOAN's forecast earnings growth (10.7% per year) is above the savings rate (0.07%).

Earnings vs Market: EOAN's earnings (10.7% per year) are forecast to grow slower than the German market (25% per year).

High Growth Earnings: EOAN's earnings are forecast to grow, but not significantly.

Revenue vs Market: EOAN's revenue (3.2% per year) is forecast to grow slower than the German market (6% per year).

High Growth Revenue: EOAN's revenue (3.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EOAN's Return on Equity is forecast to be high in 3 years time (21.9%)

Next Steps

Past Performance

How has E.ON performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EOAN has a large one-off loss of €520.0M impacting its September 30 2020 financial results.

Growing Profit Margin: EOAN's current net profit margins (1.9%) are higher than last year (1.7%).

Past Earnings Growth Analysis

Earnings Trend: EOAN has become profitable over the past 5 years, growing earnings by 10.4% per year.

Accelerating Growth: EOAN's earnings growth over the past year (127%) exceeds its 5-year average (10.4% per year).

Earnings vs Industry: EOAN earnings growth over the past year (127%) exceeded the Integrated Utilities industry 4%.

Return on Equity

High ROE: EOAN's Return on Equity (16.9%) is considered low.

Next Steps

Financial Health

How is E.ON's financial position?

Financial Position Analysis

Short Term Liabilities: EOAN's short term assets (€19.5B) do not cover its short term liabilities (€24.0B).

Long Term Liabilities: EOAN's short term assets (€19.5B) do not cover its long term liabilities (€62.3B).

Debt to Equity History and Analysis

Debt Level: EOAN's debt to equity ratio (356.5%) is considered high.

Reducing Debt: EOAN's debt to equity ratio has increased from 83.9% to 356.5% over the past 5 years.

Debt Coverage: EOAN's debt is not well covered by operating cash flow (16.5%).

Interest Coverage: EOAN's interest payments on its debt are well covered by EBIT (3.4x coverage).

Balance Sheet

Next Steps


What is E.ON current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EOAN's dividend (5.25%) is higher than the bottom 25% of dividend payers in the German market (0.97%).

High Dividend: EOAN's dividend (5.25%) is in the top 25% of dividend payers in the German market (3.5%)

Stability and Growth of Payments

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

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

Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (99.9%), EOAN's dividend payments are not well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: EOAN's dividends in 3 years are forecast to be covered by earnings (59.8% payout ratio).

Next Steps


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


Average management tenure


Johannes Teyssen (61 yo)





Dr. Johannes Teyssen serves as the Chairman of Management Board of E.ON Italia S.p.A. He serves as Chairman of Supervisory Board at innogy SE since October 10, 2019. Dr. Teyssen serves as Independent Non-E...

CEO Compensation Analysis

Compensation vs Market: Johannes's total compensation ($USD6.43M) is about average for companies of similar size in the German market ($USD5.38M).

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

Leadership Team

Johannes Teyssen
Chairman of Management Board & CEO10.67yrs€5.32mno data
Marc Spieker
CFO & Member of Management Board3.75yrs€2.44mno data
Leonhard Birnbaum
COO of Integration & Member of the Management Board7.5yrs€3.19mno data
Karsten Wildberger
COO of Commercial & Member of the Management Board4.75yrs€2.53mno data
Thomas König
COO of Networks & Member of Management Board2.58yrs€2.41mno data
Michael Wilhelm
Senior Vice President of Accountingno data€137.96kno data
Verena Nicolaus-Kronenberg
Head of Investor Relations1yrno datano data
Lars Rosumek
Head of Communications & Political Affairs1yrno datano data
Verena Volpert
Senior Vice President of Group Financeno datano datano data
Daren Carter
Head of Residential Marketing9.33yrsno datano data
Alan Bevan
Global Head of Mergers & Acquisitions and Senior VP10.08yrsno datano data
Matthew Timms
Chief Digital Officer4.42yrsno datano data


Average Tenure


Average Age

Experienced Management: EOAN's management team is considered experienced (4.6 years average tenure).

Board Members

Karl-Ludwig Kley
Chairman of the Supervisory Board4.58yrs€452.00kno data
Andreas J. Schmitz
Supervisory Board Member4.5yrs€334.00kno data
Karen M. de Segundo
Supervisory Board Member12.75yrs€288.00kno data
Erich Clementi
Deputy Chairman of the Supervisory Board2.67yrs€334.00kno data
Ewald Woste
Supervisory Board Member4.5yrs€241.00kno data
Carolina Dybeck Happe
Supervisory Board Member4.58yrs€259.00kno data
Eugen-Gheorghe Luha
Employee Representative Supervisory Board Member8.17yrs€218.00kno data
Fred Schulz
Supervisory Board Member7yrs€283.86kno data
Elisabeth Wallbaum
Employee Representative Supervisory Board Member5yrs€259.00kno data
Albert Zettl
Supervisory Board Member4.5yrs€243.00kno data
Klaus Fröhlich
Supervisory Board Member2.67yrs€218.00kno data
Szilvia Márton
Supervisory Board Member2.67yrs€146.00kno data


Average Tenure


Average Age

Experienced Board: EOAN's board of directors are considered experienced (4.5 years average tenure).


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

E.ON SE's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: E.ON SE
  • Ticker: EOAN
  • Exchange: XTRA
  • Founded: 1923
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Market Cap: €22.861b
  • Shares outstanding: 2.61b
  • Website: https://www.eon.com

Number of Employees


  • E.ON SE
  • Brüsseler Platz 1
  • Essen
  • North Rhine-Westphalia
  • 45131
  • Germany


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EOANDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
EOANSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
0MPPLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
EOANBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
EOANXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
ENAK.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
EONBUSE (Budapest Stock Exchange)YesOrdinary SharesHUHUFJan 1992
EOANDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
EOAN NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
4334819SWX (SIX Swiss Exchange)YesOrdinary SharesCHEURJan 1992
EOANWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
EONENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJan 1992
EOANSEP (The Stock Exchange Prague Co. Ltd.)YesOrdinary SharesCZCZKJan 1992


E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, rest of Europe, and internationally. The company provides power and gas distribution networks and related services; and supplie...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 20:06
End of Day Share Price2021/01/21 00:00
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.