E.ON SE

XTRA:EOAN Stock Report

Market Cap: €47.6b

E.ON Future Growth

Future criteria checks 1/6

E.ON is forecast to grow earnings and revenue by 4% and 4.3% per annum respectively. EPS is expected to grow by 3.8% per annum. Return on equity is forecast to be 14.3% in 3 years.

Key information

4.0%

Earnings growth rate

3.81%

EPS growth rate

Integrated Utilities earnings growth10.1%
Revenue growth rate4.3%
Future return on equity14.30%
Analyst coverage

Good

Last updated29 May 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 28

EOAN: Split Ratings And Dividend Progress Will Shape Future Fair Value

Narrative update: E.ON analyst price target shift The analyst price target for E.ON has moved slightly higher to €19.51 from €19.37. This reflects recent target increases and rating changes across banks that collectively point to a more mixed but incrementally constructive analyst stance.
Narrative Update • Apr 11

EOAN: Split Ratings And Higher Dividend Plan Will Guide Future Fair Value

Analysts have nudged the fair value estimate for E.ON higher from about €19.04 to roughly €19.37, citing a series of recent price target increases and mixed rating changes that point to slightly stronger profit margins and a modestly higher future P/E assumption, even as revenue growth expectations are more restrained. Analyst Commentary Recent research on E.ON shows a split view, with several price target increases and upgrades sitting alongside fresh downgrades.
Narrative Update • Mar 28

EOAN: Split Ratings And Higher Dividend Proposal Will Shape Future Fair Value

Analysts have nudged the fair value estimate for E.ON higher from about €18.41 to €19.04, reflecting updated price targets and mixed rating changes that include upgrades to Outperform alongside fresh downgrades to Sell and Hold. Analyst Commentary Recent Street research on E.ON splits into clearly bullish and bearish camps, with new ratings and price targets ranging from €17.50 to €22.
Narrative Update • Mar 13

EOAN: Mixed Rating Shifts And Dividend Outlook Will Shape Future Fair Value

Narrative update on E.ON The analyst fair value estimate for E.ON has edged up from €18.30 to €18.41, as analysts balance mixed rating changes with updated assumptions around more moderate revenue growth and slightly higher profit margins. Analyst Commentary Recent research on E.ON presents a mixed picture, with some analysts becoming more constructive on upside potential and others turning more cautious at current levels.
Narrative Update • Feb 27

EOAN: Mixed Rating Shifts And Execution Risks Will Shape Future Fair Value

The analyst fair value estimate for E.ON has shifted from roughly €17.70 to about €18.30, as analysts factor in updated views on revenue growth, margins and sector positioning, reflected in recent price target revisions and rating changes from major banks. Analyst Commentary Recent research shows a mixed but engaged analyst community around E.ON, with several firms updating both ratings and price targets in a short time window.
Narrative Update • Feb 13

EOAN: Future P/E And Execution Risks Will Shape Balanced Fair Value Outlook

Analysts have slightly raised their fair value estimate for E.ON to about €17.70 from roughly €17.47, reflecting updated price targets that factor in recent target increases from Citi and JPMorgan alongside downgrades from Berenberg and BofA. Analyst Commentary Recent Street research on E.ON shows a split view, with some analysts lifting price targets while others have moved to a more cautious stance.
Narrative Update • Jan 29

EOAN: Future P/E Multiple And Network Efficiencies Will Support Balanced Outlook

Analysts have nudged their fair value estimate for E.ON higher from €17.13 to €17.47, citing updated assumptions around revenue growth, profit margins and a slightly higher forward P/E multiple. Valuation Changes The fair value estimate was nudged higher from €17.13 to €17.47, reflecting a small uplift in the model output.
Analysis Article • Jan 29

What Does E.ON SE's (ETR:EOAN) Share Price Indicate?

Let's talk about the popular E.ON SE ( ETR:EOAN ). The company's shares saw a double-digit share price rise of over 10...
Narrative Update • Jan 15

EOAN: Future Network Upgrades And Efficiency Gains Will Support Balanced Outlook

Analysts have nudged their price target on E.ON slightly lower to €17.13 from €17.34, reflecting updated assumptions around revenue growth, profit margins and future P/E multiples. What's in the News Nokia agreed a contract with E.ON SE to modernize mission critical communications infrastructure across Germany for its distribution system operators, focused on creating a more automated telecommunications network.
Analysis Article • Dec 30

E.ON's (ETR:EOAN) Returns On Capital Are Heading Higher

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
Analysis Article • Dec 16

Calculating The Intrinsic Value Of E.ON SE (ETR:EOAN)

Key Insights Using the Dividend Discount Model, E.ON fair value estimate is €18.01 E.ON's €15.36 share price indicates...
Analysis Article • Dec 03

Here's Why E.ON (ETR:EOAN) Has A Meaningful Debt Burden

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Narrative Update • Nov 13

EOAN: Future Revenue Strength Will Drive Continued Outperformance In Sector

Narrative Update on E.ON: Analyst Price Target Revision Analysts have modestly increased their fair value estimate for E.ON, lifting the target from €16.89 to €17.34. This revision is attributed to positive adjustments to revenue growth projections and updated market assessments.
Analysis Article • Sep 18

E.ON (ETR:EOAN) Is Experiencing Growth In Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Narrative Update • Aug 27

Regulatory Uncertainty And Elevated CapEx Will Curb Returns

E.ON’s price target was modestly raised to €16.89 as analysts cite robust profitability from regulated networks, an improved regulatory outlook, enhanced cost efficiencies, and stable dividends supporting future cash flow visibility. Analyst Commentary Bullish analysts cite stronger-than-expected profitability driven by regulated networks.
Analysis Article • Aug 04

Is E.ON (ETR:EOAN) A Risky Investment?

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 • Jul 19

E.ON SE (ETR:EOAN) Looks Inexpensive But Perhaps Not Attractive Enough

With a price-to-earnings (or "P/E") ratio of 9.4x E.ON SE ( ETR:EOAN ) may be sending bullish signals at the moment...
Analysis Article • Jul 03

Calculating The Fair Value Of E.ON SE (ETR:EOAN)

Key Insights The projected fair value for E.ON is €17.52 based on Dividend Discount Model With €15.59 share price, E.ON...
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New Narrative • Nov 24

Investment-Driven Growth Energises Revenue Potential Amid Regulatory Optimism

E.ON's investment-driven growth in Energy Networks and Infrastructure Solutions segments is poised to boost revenues and enhance returns with increased future potential.

Earnings and Revenue Growth Forecasts

XTRA:EOAN - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202886,0133,343-1,5887,8348
12/31/202784,1733,172-1,7067,50711
12/31/202678,7532,780-2,0026,63911
3/31/202677,0373,435-3927,434N/A
12/31/202580,4431,734-9377,003N/A
9/30/202582,9963,001-9056,404N/A
6/30/202583,7603,148-1,0406,203N/A
3/31/202584,3234,476-1,7545,397N/A
12/31/202481,7154,531-1,2985,673N/A
9/30/202482,1401,796-2,0654,585N/A
6/30/202482,2591,790-1746,227N/A
3/31/202484,1401,183-8965,291N/A
12/31/202395,020456-3565,654N/A
9/30/2023104,581-8752,2307,794N/A
6/30/2023116,3235912,8277,991N/A
3/31/2023120,7648625,0389,869N/A
12/31/2022116,6571,8315,46910,045N/A
9/30/2022111,7534,7212,0946,618N/A
6/30/202297,9774,4012794,680N/A
3/31/202289,2564,716-3704,014N/A
12/31/202178,1194,691-4184,069N/A
9/30/202166,4183,9416465,034N/A
6/30/202164,2233,3819315,239N/A
3/31/202162,3582,2071,3675,669N/A
12/31/202061,6241,0579515,313N/A
9/30/202061,8561,0458265,028N/A
6/30/202056,229535-3243,748N/A
3/31/202050,075-77-1,2332,433N/A
12/31/201941,290487N/A2,965N/A
9/30/201931,451529N/A1,921N/A
6/30/201930,375505N/A1,929N/A
3/31/201930,1092,347N/A2,328N/A
12/31/201829,7902,937N/A2,853N/A
9/30/201831,4873,096N/A2,914N/A
6/30/201833,5922,764N/A-6,411N/A
3/31/201836,1564,199N/A-3,697N/A
12/31/201737,8103,902N/A-2,952N/A
9/30/201738,0332,603N/A-3,594N/A
6/30/201737,6808,288N/A6,427N/A
3/31/201737,6725,239N/A3,312N/A
12/31/201638,7025,392N/A5,293N/A
9/30/201639,3775,663N/A5,970N/A
6/30/201640,713-2,812N/A5,596N/A
3/31/201641,961-3,013N/A6,481N/A
12/31/201543,166-2,842N/A6,179N/A
9/30/201564,964-5,059N/A4,728N/A
6/30/201581,444-2,948N/A5,130N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EOAN's forecast earnings growth (4% per year) is above the savings rate (1.9%).

Earnings vs Market: EOAN's earnings (4% per year) are forecast to grow slower than the German market (17.2% per year).

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

Revenue vs Market: EOAN's revenue (4.3% per year) is forecast to grow slower than the German market (6.7% per year).

High Growth Revenue: EOAN's revenue (4.3% 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 low in 3 years time (14.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 04:28
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

E.ON SE is covered by 37 analysts. 15 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
Jorge González SadornilBanco de Sabadell. S.A.
Oscar Nájar RíosBanco Santander