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E.ON

DB:EOAN
Snowflake Description

Average dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EOAN
DB
€20B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

E.ON SE operates as an energy company in Germany, the United Kingdom, Romania, Hungary, the Czech Republic, Sweden, the United States, Poland, Italy, Denmark, and internationally. The last earnings update was 65 days ago. More info.


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EOAN Share Price and Events
7 Day Returns
-1.3%
DB:EOAN
0.2%
DE Integrated Utilities
-0.3%
DE Market
1 Year Returns
-3.7%
DB:EOAN
7.2%
DE Integrated Utilities
-6.7%
DE Market
EOAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
E.ON (EOAN) -1.3% -5.2% -4.7% -3.7% -0.7% -36.2%
DE Integrated Utilities 0.2% -0% 0.5% 7.2% 14.7% -25.5%
DE Market -0.3% 2.3% -2% -6.7% 11.3% 12.2%
1 Year Return vs Industry and Market
  • EOAN underperformed the Integrated Utilities industry which returned 7.2% over the past year.
  • EOAN outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
EOAN
Industry
5yr Volatility vs Market

EOAN Value

 Is E.ON undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of E.ON to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for E.ON.

DB:EOAN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:EOAN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Integrated Utilities Unlevered Beta Simply Wall St/ S&P Global 0.28
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.282 (1 + (1- 30%) (51.82%))
0.587
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:EOAN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for E.ON is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:EOAN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5%)
2020 1,294.33 Analyst x3 1,232.75
2021 784.00 Analyst x2 711.17
2022 1,318.00 Analyst x2 1,138.67
2023 1,109.00 Analyst x1 912.52
2024 1,108.24 Est @ -0.07% 868.50
2025 1,108.47 Est @ 0.02% 827.35
2026 1,109.39 Est @ 0.08% 788.63
2027 1,110.79 Est @ 0.13% 752.05
2028 1,112.53 Est @ 0.16% 717.39
2029 1,114.51 Est @ 0.18% 684.47
Present value of next 10 years cash flows €8,633.49
DB:EOAN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1,114.51 × (1 + 0.23%) ÷ (5% – 0.23%)
€23,428.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €23,428.12 ÷ (1 + 5%)10
€14,388.31
DB:EOAN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €8,633.49 + €14,388.31
€23,021.81
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €23,021.81 / 2,167.15
€10.62
DB:EOAN Discount to Share Price
Calculation Result
Value per share (EUR) From above. €10.62
Current discount Discount to share price of €9.40
= -1 x (€9.40 - €10.62) / €10.62
11.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price E.ON is available for.
Intrinsic value
12%
Share price is €9.4 vs Future cash flow value of €10.62
Current Discount Checks
For E.ON to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • E.ON's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • E.ON's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for E.ON's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are E.ON's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EOAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €1.09
DB:EOAN Share Price ** DB (2019-07-17) in EUR €9.4
Europe Integrated Utilities Industry PE Ratio Median Figure of 15 Publicly-Listed Integrated Utilities Companies 19.53x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of E.ON.

DB:EOAN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:EOAN Share Price ÷ EPS (both in EUR)

= 9.4 ÷ 1.09

8.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • E.ON is good value based on earnings compared to the Europe Integrated Utilities industry average.
  • E.ON is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does E.ON's expected growth come at a high price?
Raw Data
DB:EOAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
4.8%per year
Europe Integrated Utilities Industry PEG Ratio Median Figure of 11 Publicly-Listed Integrated Utilities Companies 2.62x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:EOAN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.66x ÷ 4.8%

1.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • E.ON is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on E.ON's assets?
Raw Data
DB:EOAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €2.56
DB:EOAN Share Price * DB (2019-07-17) in EUR €9.4
Germany Integrated Utilities Industry PB Ratio Median Figure of 6 Publicly-Listed Integrated Utilities Companies 2.37x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:EOAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:EOAN Share Price ÷ Book Value per Share (both in EUR)

= 9.4 ÷ 2.56

3.67x

* Primary Listing of E.ON.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • E.ON is overvalued based on assets compared to the DE Integrated Utilities industry average.
X
Value checks
We assess E.ON's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Integrated Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Integrated Utilities industry average (and greater than 0)? (1 check)
  5. E.ON has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EOAN Future Performance

 How is E.ON expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is E.ON expected to grow at an attractive rate?
  • E.ON's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • E.ON's earnings growth is positive but not above the Germany market average.
  • E.ON's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EOAN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EOAN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 4.8%
DB:EOAN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 21.8%
Germany Integrated Utilities Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
Europe Integrated Utilities Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:EOAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EOAN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 68,684 4,555 1,874 2
2022-12-31 68,409 4,476 1,827 2
2021-12-31 71,306 4,485 1,799 8
2020-12-31 65,858 4,165 1,564 9
2019-12-31 30,915 2,865 1,443 11
DB:EOAN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 30,312 2,328 2,353
2018-12-31 29,959 2,853 2,937
2018-09-30 33,605 2,914 3,096
2018-06-30 34,701 -6,411 2,764
2018-03-31 36,156 -3,697 4,199
2017-12-31 37,810 -2,952 3,902
2017-09-30 38,033 -3,594 2,603
2017-06-30 37,680 6,427 8,288
2017-03-31 37,672 3,312 5,239
2016-12-31 38,702 5,293 5,392
2016-09-30 39,377 5,970 5,663
2016-06-30 40,713 5,596 -2,812

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • E.ON's earnings are expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
  • E.ON's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:EOAN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from E.ON Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EOAN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.79 0.83 0.74 5.00
2022-12-31 0.82 0.83 0.79 4.00
2021-12-31 0.79 0.88 0.69 6.00
2020-12-31 0.66 0.83 0.42 7.00
2019-12-31 0.67 0.73 0.56 9.00
DB:EOAN Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 1.09
2018-12-31 1.36
2018-09-30 1.43
2018-06-30 1.28
2018-03-31 1.94
2017-12-31 1.83
2017-09-30 1.25
2017-06-30 4.10
2017-03-31 2.66
2016-12-31 2.76
2016-09-30 2.90
2016-06-30 -1.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • E.ON is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess E.ON's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
E.ON has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EOAN Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare E.ON's growth in the last year to its industry (Integrated Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • E.ON has delivered over 20% year on year earnings growth in the past 5 years.
  • E.ON's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • E.ON's 1-year earnings growth is negative, it can't be compared to the Europe Integrated Utilities industry average.
Earnings and Revenue History
E.ON's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from E.ON Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EOAN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 30,312.00 2,353.00 2,805.00
2018-12-31 29,959.00 2,937.00 2,764.00
2018-09-30 33,605.00 3,096.00 2,725.00
2018-06-30 34,701.00 2,764.00 2,717.00
2018-03-31 36,156.00 4,199.00 2,778.00
2017-12-31 37,810.00 3,902.00 2,855.00
2017-09-30 38,033.00 2,603.00 3,062.00
2017-06-30 37,680.00 8,288.00 3,003.00
2017-03-31 37,672.00 5,239.00 2,967.00
2016-12-31 38,702.00 5,392.00 2,917.00
2016-09-30 39,377.00 5,663.00 2,720.00
2016-06-30 40,713.00 -2,812.00 2,838.00
2016-03-31 41,961.00 -3,013.00 2,937.00
2015-12-31 43,166.00 -2,842.00 3,026.00
2015-09-30 64,964.00 -5,059.00 3,636.00
2015-06-30 81,444.00 -2,948.00 3,798.00
2015-03-31 94,912.00 -2,908.00 3,944.00
2014-12-31 113,440.00 -2,998.00 4,133.00
2014-09-30 111,201.00 -717.00 3,803.00
2014-06-30 110,152.00 -312.00 4,007.00
2014-03-31 115,189.00 569.00 4,375.00
2013-12-31 120,052.00 1,993.00 4,551.00
2013-09-30 128,246.00 2,083.00 4,892.00
2013-06-30 131,735.00 2,361.00 5,199.00
2013-03-31 132,669.00 2,632.00 5,073.00
2012-12-31 132,474.00 2,152.00 5,132.00
2012-09-30 129,440.00 -404.00 5,361.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst E.ON has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • E.ON used its assets more efficiently than the Europe Integrated Utilities industry average last year based on Return on Assets.
  • E.ON's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess E.ON's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Integrated Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
E.ON has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EOAN Health

 How is E.ON's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up E.ON's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • E.ON is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • E.ON's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of E.ON's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from E.ON Company Filings, last reported 3 months ago.

DB:EOAN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 8,418.00 10,577.00 2,905.00
2018-12-31 8,518.00 9,559.00 4,698.00
2018-09-30 8,652.00 9,974.00 5,710.00
2018-06-30 8,457.00 10,117.00 5,716.00
2018-03-31 7,321.00 12,736.00 3,407.00
2017-12-31 6,708.00 12,664.00 3,378.00
2017-09-30 6,164.00 14,304.00 4,811.00
2017-06-30 6,198.00 14,691.00 13,598.00
2017-03-31 3,623.00 14,208.00 9,497.00
2016-12-31 1,287.00 13,869.00 7,446.00
2016-09-30 5,438.00 13,878.00 8,074.00
2016-06-30 12,157.00 14,081.00 6,133.00
2016-03-31 18,295.00 16,010.00 8,020.00
2015-12-31 19,077.00 16,915.00 6,832.00
2015-09-30 20,245.00 17,785.00 6,874.00
2015-06-30 28,766.00 18,936.00 6,940.00
2015-03-31 27,826.00 19,366.00 6,952.00
2014-12-31 26,713.00 18,854.00 4,738.00
2014-09-30 33,380.00 18,941.00 5,276.00
2014-06-30 35,371.00 19,642.00 6,977.00
2014-03-31 36,343.00 20,697.00 6,072.00
2013-12-31 36,638.00 21,811.00 7,094.00
2013-09-30 37,048.00 23,531.00 6,791.00
2013-06-30 38,136.00 23,730.00 5,952.00
2013-03-31 40,166.00 25,382.00 9,924.00
2012-12-31 38,820.00 24,995.00 6,020.00
2012-09-30 39,107.00 28,139.00 7,968.00
  • E.ON's level of debt (125.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (56.9% vs 125.6% today).
  • Debt is well covered by operating cash flow (22%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess E.ON's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. E.ON has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EOAN Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.89%
Current annual income from E.ON dividends. Estimated to be 5.54% next year.
If you bought €2,000 of E.ON shares you are expected to receive €98 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • E.ON's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • E.ON's dividend is above the markets top 25% of dividend payers in Germany (3.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:EOAN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Germany Integrated Utilities Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:EOAN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.57 5.00
2022-12-31 0.56 6.00
2021-12-31 0.53 17.00
2020-12-31 0.53 20.00
2019-12-31 0.48 20.00
DB:EOAN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-13 0.460 4.798
2019-03-13 0.430 4.404
2018-03-12 0.300 3.281
2017-03-15 0.210 2.439
2016-03-09 0.500 6.612
2015-08-12 0.500 5.603
2014-03-12 0.600 4.397
2013-01-30 1.100 8.344
2012-08-14 1.000 6.214
2012-08-13 1.000 5.628
2011-08-10 1.000 6.096
2011-01-17 1.500 7.122
2010-03-10 1.500 6.345
2009-01-30 1.500 5.897

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of E.ON's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess E.ON's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can E.ON afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. E.ON has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EOAN Management

 What is the CEO of E.ON's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Johannes Teyssen
COMPENSATION €5,289,882
AGE 60
TENURE AS CEO 9.2 years
CEO Bio

Dr. Johannes Teyssen serves as Chairman of Management Board and Chief Executive Board at E.ON SE since May 1, 2010 and has been its Member of Management Board since January 2004. Dr. Teyssen is responsible for Strategy and Corporate Development, Turkey, HR, Political Affairs and Communications, Legal and Compliance, Corporate Audit and Reorganization Project. Preivously, he served as Chief Operating Officer of E.ON AG since April 1, 2007. Dr. Teyssen had been with E.ON AG, Düsseldorf from 2004 to 2010. He served as Vice Chairman of Management Board at E.ON AG, Düsseldorf from 2008 to 2010 and its Member of Management Board from 2004 to 2008. Dr. Teyssen had been with E.ON Energie AG, Munich from 2001 to 2007 and served as its Chairman of Management Board from 2003 to 2007. Dr. Teyssen serves as Member of the Board of Management at Fortum Espoo Oyj. He served as Member of Management Board at E.ON Energie AG, Munich from 2001 to 2003. Dr. Teyssen served as Member of Supervisory Board of Deutsche Bank AG since May 29, 2008 until May 24, 2018. He served as Chairman of Management Board at AVACON AG, Helmstedt from 1999 to 2001. Dr. Teyssen served as Member of Management Board at HASTRA AG, Hanover from 1998 to 1999. He had been with PreussenElektra AG, Hanover from 1989 to 1998 including served as its Head of Legal Affairs (Regional Utilities) from 1994 to 1998 and Head of Energy and Corporate Law Department from 1991 to 1994. Dr. Teyssen holds a Doctor of Jurisprudence from University of Göttingen, in 1991. He was Deputy Chairman of Supervisory Board at Uniper SE until June 8, 2017. Dr. Teyssen is employed at Nord Stream AG since May, 2017. He completed State superior court in Celle, Law clerk Bar exam (Assesorexamen) from 1986 to 1989. Dr. Teyssen completed University of Göttingen, Research assistant from 1984 to 1986. He holds a Degree in economics and law from University of Freiburg and University of Göttingen from 1979 to 1984.

CEO Compensation
  • Johannes's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Johannes's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the E.ON management team in years:

4.6
Average Tenure
52
Average Age
  • The tenure for the E.ON management team is about average.
Management Team

Johannes Teyssen

TITLE
Chairman of Management Board & CEO
COMPENSATION
€5M
AGE
60
TENURE
9.2 yrs

Marc Spieker

TITLE
CFO & Member of Management Board
COMPENSATION
€2M
AGE
44
TENURE
2.3 yrs

Leo Birnbaum

TITLE
COO of Integration & Member of the Management Board
COMPENSATION
€3M
AGE
52
TENURE
6 yrs

Karsten Wildberger

TITLE
COO of Commercial & Member of the Management Board
COMPENSATION
€3M
AGE
50
TENURE
3.3 yrs

Thomas König

TITLE
COO of Networks & Member of Management Board
COMPENSATION
€2M
AGE
54
TENURE
1.1 yrs

Michael Wilhelm

TITLE
Senior Vice President of Accounting
COMPENSATION
€138K

Stephan Schönefuß

TITLE
Interim Head of Investor Relations

Josef Nelles

TITLE
Head of Communication Department and Vice President of External Communication

Verena Volpert

TITLE
Senior Vice President of Group Finance

Daren Carter

TITLE
Head of Residential Marketing
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the E.ON board of directors in years:

3.3
Average Tenure
59
Average Age
  • The tenure for the E.ON board of directors is about average.
Board of Directors

Karl-Ludwig Kley

TITLE
Chairman of Supervisory Board
COMPENSATION
€448K
AGE
68
TENURE
3.1 yrs

Andreas Scheidt

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€329K
AGE
55
TENURE
4.2 yrs

Erich Clementi

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€269K
AGE
61
TENURE
1.2 yrs

Karen M. de Segundo

TITLE
Member of Supervisory Board
COMPENSATION
€289K
AGE
73
TENURE
11.3 yrs

Andreas J. Schmitz

TITLE
Member of Supervisory Board
COMPENSATION
€307K
AGE
59
TENURE
3 yrs

Albert Zettl

TITLE
Member of Supervisory Board
COMPENSATION
€238K
AGE
53
TENURE
3 yrs

Eugen-Gheorghe Luha

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€234K
AGE
62
TENURE
6.7 yrs

Clive Broutta

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€218K
AGE
59
TENURE
5 yrs

Elisabeth Wallbaum

TITLE
Empolyee Representative Member of Supervisory Board
COMPENSATION
€260K
AGE
44
TENURE
3.5 yrs

Carolina Dybeck Happe

TITLE
Member of the Supervisory Board
COMPENSATION
€246K
AGE
47
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess E.ON's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. E.ON has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EOAN News

Simply Wall St News

E.ON SE (FRA:EOAN) Is Yielding 4.8% - But Is It A Buy?

Could E.ON SE (FRA:EOAN) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. In this case, E.ON likely looks attractive to investors, given its 4.8% dividend yield and a payment history of over ten years. We'd guess that plenty of investors have purchased it for the income. Some simple analysis can reduce the risk of holding E.ON for its dividend, and we'll focus on the most important aspects below. Explore this interactive chart for our latest analysis on E.ON! DB:EOAN Historical Dividend Yield, July 2nd 2019 Payout ratios Dividends are usually paid out of company earnings. If a company is paying more than it earns, then the dividend might become unsustainable - hardly an ideal situation. So we need to form a view on if a company's dividend is sustainable, relative to its net profit after tax. In the last year, E.ON paid out 40% of its profit as dividends. This is medium payout level that leaves enough capital in the business to fund opportunities that might arise, while also rewarding shareholders. Besides, if reinvestment opportunities dry up, the company has room to increase the dividend. We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend. Last year, E.ON paid a dividend while reporting negative free cash flow. While there may be an explanation, we think this behaviour is generally not sustainable. Is E.ON's Balance Sheet Risky? As E.ON has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Dividend Growth Potential The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. … E.ON is paying out less than half of its earnings, which we like.

Simply Wall St -

Read This Before You Buy E.ON SE (FRA:EOAN) Because Of Its P/E Ratio

A higher P/E ratio means that investors are paying a higher price for each €1 of company earnings. … And as that P/E ratio drops, the company will look cheap, unless its share price increases. … The P/E ratio indicates whether the market has higher or lower expectations of a company.

Simply Wall St -

Can E.ON SE's (FRA:EOAN) ROE Continue To Surpass The Industry Average?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for E.ON: 31% = €2.4b ÷ €8.4b (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Is It Too Late To Consider Buying E.ON SE (FRA:EOAN)?

maintained its current share price over the past couple of month on the DB, with a relatively tight range of €9.38 to €10.1? … However, does this price actually reflect the true value of the? … Let’s take a look at E.ON’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Is E.ON SE's (FRA:EOAN) Balance Sheet Strong Enough To Weather A Storm?

its financial health remains the key to continued success. … Today we will look at E.ON’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis

Simply Wall St -

Does E.ON SE (FRA:EOAN) Create Value For Shareholders?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

How Many E.ON SE (FRA:EOAN) Shares Do Institutions Own?

Generally speaking, as a company grows, institutions will increase their ownership. … Taking a look at our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about EOAN

Simply Wall St -

Brief Commentary On E.ON SE's (FRA:EOAN) Fundamentals

E.ON SE (FRA:EOAN) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of EOAN, it.

Simply Wall St -

Did Changing Sentiment Drive E.ON's Share Price Down By 29%?

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During five years of share price growth, E.ON moved from a loss to profitability. … That could explain the weak share price.

Simply Wall St -

Do You Know What E.ON SE's (FRA:EOAN) P/E Ratio Means?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … E.ON has a price to earnings ratio of 6.71, based on the last twelve months. … How Do I Calculate E.ON's Price To Earnings Ratio

Simply Wall St -

EOAN Company Info

Description

E.ON SE operates as an energy company in Germany, the United Kingdom, Romania, Hungary, the Czech Republic, Sweden, the United States, Poland, Italy, Denmark, and internationally. It operates through three segments: Energy Networks, Customer Solutions, and Renewables. The company provides power and gas distribution networks and related services; and supplies energy solutions to residential customers, small and medium sized enterprises, large commercial and industrial customers, and public entities. It also plans, builds, operates, and manages renewable generation assets, including onshore wind/solar and offshore wind/others. In addition, the company offers energy consulting, efficiency, generation, and management solutions; heat pumping and energy storage solutions; metering services; e-mobility services for communities; and natural gas mobility solutions for municipalities and vehicle fleets, as well as operates combined heat and power, renewable, and bio-methane plants. Further, it provides SmartSim, a digital solution for gas grids; gas quality tracking solutions; GasPro, a mobile gas sample collector; and GasCalc, a software that calculates natural gases, LNG, and biogases properties, as well as solar panels and batteries. Its generating capacity consists of 5,334 megawatts. The company has a strategic partnership with Nissan. E.ON SE was founded in 1923 and is headquartered in Essen, Germany.

Details
Name: E.ON SE
EOAN
Exchange: DB
Founded: 1923
€20,410,213,359
2,167,149,433
Website: http://www.eon.com
Address: E.ON SE
Brüsseler Platz 1,
Essen,
North Rhine-Westphalia, 45131,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB EOAN Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
OTCPK ENAK.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
XTRA EOAN Ordinary Shares XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0MPP Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
SWX EOAN Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
ENXTBR EON Ordinary Shares Euronext Brussels BE EUR 02. Jan 1992
BIT EOAN Ordinary Shares Borsa Italiana IT EUR 02. Jan 1992
WBAG EOAN Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
SEP EOAN Ordinary Shares The Stock Exchange Prague Co. Ltd. CZ CZK 02. Jan 1992
BUSE EON Ordinary Shares Budapest Stock Exchange HU HUF 02. Jan 1992
BMV EOAN N Ordinary Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE EOAND Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK EONG.Y SPONS ADR EACH REPR 1 ORD NPV Pink Sheets LLC US USD 08. Oct 1997
DB EOAA SPONS ADR EACH REPR 1 ORD NPV Deutsche Boerse AG DE EUR 08. Oct 1997
XTRA EOAA SPONS ADR EACH REPR 1 ORD NPV XETRA Trading Platform DE EUR 08. Oct 1997
Number of employees
Current staff
Staff numbers
41,638
E.ON employees.
Industry
Multi-Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 20:50
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.