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EnBW Energie Baden-Württemberg

Executive Summary

EnBW Energie Baden-Württemberg AG operates as an integrated energy company in Germany, rest of Europe, and internationally.


Snowflake Analysis

Solid track record with mediocre balance sheet.


Similar Companies

Share Price & News

How has EnBW Energie Baden-Württemberg's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.6%

EBK

-1.4%

DE Electric Utilities

-1.9%

DE Market


1 Year Return

47.2%

EBK

15.7%

DE Electric Utilities

8.1%

DE Market

Return vs Industry: EBK exceeded the German Electric Utilities industry which returned 15.7% over the past year.

Return vs Market: EBK exceeded the German Market which returned 8.1% over the past year.


Shareholder returns

EBKIndustryMarket
7 Day-1.6%-1.4%-1.9%
30 Day-0.8%1.9%-0.2%
90 Day-2.8%19.2%12.8%
1 Year49.4%47.2%19.9%15.7%10.5%8.1%
3 Year112.5%101.4%60.1%41.8%3.2%-5.0%
5 Year109.3%93.5%56.6%22.2%11.9%-3.2%

Price Volatility Vs. Market

How volatile is EnBW Energie Baden-Württemberg's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is EnBW Energie Baden-Württemberg undervalued compared to its fair value and its price relative to the market?

20.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EBK (€48) is trading above our estimate of fair value (€14.44)

Significantly Below Fair Value: EBK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EBK is poor value based on its PE Ratio (20.7x) compared to the XE Electric Utilities industry average (11.8x).

PE vs Market: EBK is good value based on its PE Ratio (20.7x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EBK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EBK is overvalued based on its PB Ratio (3.3x) compared to the XE Electric Utilities industry average (0.7x).


Next Steps

Future Growth

How is EnBW Energie Baden-Württemberg forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.0%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as EnBW Energie Baden-Württemberg has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has EnBW Energie Baden-Württemberg performed over the past 5 years?

18.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EBK has high quality earnings.

Growing Profit Margin: EBK's current net profit margins (3.4%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: EBK's earnings have grown by 18.9% per year over the past 5 years.

Accelerating Growth: EBK's earnings growth over the past year (131.7%) exceeds its 5-year average (18.9% per year).

Earnings vs Industry: EBK earnings growth over the past year (131.7%) exceeded the Electric Utilities industry 4.6%.


Return on Equity

High ROE: EBK's Return on Equity (11%) is considered low.


Next Steps

Financial Health

How is EnBW Energie Baden-Württemberg's financial position?


Financial Position Analysis

Short Term Liabilities: EBK's short term assets (€12.8B) exceed its short term liabilities (€11.2B).

Long Term Liabilities: EBK's short term assets (€12.8B) do not cover its long term liabilities (€25.4B).


Debt to Equity History and Analysis

Debt Level: EBK's debt to equity ratio (121.4%) is considered high.

Reducing Debt: EBK's debt to equity ratio has reduced from 151.5% to 121.4% over the past 5 years.

Debt Coverage: EBK's debt is not well covered by operating cash flow (7.5%).

Interest Coverage: EBK's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


Next Steps

Dividend

What is EnBW Energie Baden-Württemberg current dividend yield, its reliability and sustainability?

1.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EBK's dividend (1.45%) is higher than the bottom 25% of dividend payers in the German market (1.25%).

High Dividend: EBK's dividend (1.45%) is low compared to the top 25% of dividend payers in the German market (3.81%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30%), EBK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

8.6yrs

Average management tenure


CEO

Frank Mastiaux (56 yo)

7.83yrs

Tenure

€3,345,722

Compensation

Dr. Frank Mastiaux has been the Chairman of Management Board and Chief Executive Officer at EnBW Energie Baden-Württemberg AG since October 01, 2012 and has been its Member of Management Board since Octobe ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD3.94M) is about average for companies of similar size in the German market ($USD5.25M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Frank Mastiaux
Chairman of the Management Board & CEO7.83yrs€3.35mno data
Thomas Kusterer
CFO & Member of the Management Board9.33yrs€1.96mno data
Hans-Josef Zimmer
Chief Technical Officer & Member of the Management Board12.83yrs€1.80mno data
Colette Rückert-Hennen
Chief Human Resources1.58yrs€746.67kno data
Bernd-Michael Zinow
General Counsel14.33yrs€80.25kno data
Ingo Voigt
Head of Financeno datano datano data
Timo Sillober
Head of Salesno datano datano data
Heinz Dürr
Deputy Chairman of Advisory Boardno datano datano data
Marc Burgstahler
Head of Electromobilityno datano datano data
Amadeus Regerbis
Head of Charging Infrastructure for Electromobilityno datano datano data
Christoph Ulusoy
Head of Product Development & Digital Solutionsno datano datano data
Martin Konermann
Managing Director of Netze BW GmbHno datano datano data

8.6yrs

Average Tenure

59yo

Average Age

Experienced Management: EBK's management team is seasoned and experienced (8.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bernd-Michael Zinow
General Counsel14.33yrs€80.25kno data
Heinz Dürr
Deputy Chairman of Advisory Boardno datano datano data
Hans-Georg Rudloff
Member of Advisory Boardno datano datano data
Matthias Wissmann
Member of Advisory Boardno datano datano data
Hartmut Weule
Member of Advisory Boardno datano datano data
Theodor Waigel
Member of Advisory Boardno datano datano data
Med Schuster
Member of Advisory Boardno datano datano data
Wolfgang Schürle
Chairman of Advisory Board14.67yrs€21.69kno data
Wolf Prellwitz
Member of Advisory Boardno datano datano data
Dietrich Herd
Deputy Chairman of Supervisory Board14.33yrs€94.75kno data
Gunda Röstel
Member of Supervisory Board9.33yrs€76.81kno data
Lutz Feldmann
Chairman of Supervisory Board4.25yrs€107.75kno data

14.3yrs

Average Tenure

76yo

Average Age

Experienced Board: EBK's board of directors are seasoned and experienced ( 14.3 years average tenure).


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

EnBW Energie Baden-Württemberg AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: EnBW Energie Baden-Württemberg AG
  • Ticker: EBK
  • Exchange: DB
  • Founded: 1997
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: €13.326b
  • Shares outstanding: 270.86m
  • Website: https://www.enbw.com

Number of Employees


Location

  • EnBW Energie Baden-Württemberg AG
  • Durlacher Allee 93
  • Karlsruhe
  • Baden-Württemberg
  • 76131
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EBKDB (Deutsche Boerse AG)YesBearer SharesDEEURNov 1997
EBKXTRA (XETRA Trading Platform)YesBearer SharesDEEURNov 1997
0IHQLSE (London Stock Exchange)YesBearer SharesGBEURNov 1997

Biography

EnBW Energie Baden-Württemberg AG operates as an integrated energy company in Germany, rest of Europe, and internationally. It operates through four segments: Sales, Grids, Renewable Energies, and Generati ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 21:31
End of Day Share Price2020/08/05 00:00
Earnings2020/06/30
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.