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Energiedienst Holding

DB:KWK3
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KWK3
DB
CHF1B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Energiedienst Holding AG produces, distributes, and sells electricity in Switzerland. The last earnings update was 50 days ago. More info.


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KWK3 Share Price and Events
7 Day Returns
0.4%
DB:KWK3
-0.4%
Europe Electric Utilities
1.5%
DE Market
1 Year Returns
20.3%
DB:KWK3
11.9%
Europe Electric Utilities
-6.2%
DE Market
KWK3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Energiedienst Holding (KWK3) 0.4% -0.4% 2.3% 20.3% 33.5% 4.6%
Europe Electric Utilities -0.4% -1.1% 2.9% 11.9% 25.5% 0.9%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • KWK3 outperformed the Electric Utilities industry which returned 11.9% over the past year.
  • KWK3 outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
KWK3
Industry
5yr Volatility vs Market

KWK3 Value

 Is Energiedienst Holding 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 Energiedienst Holding 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 Energiedienst Holding.

DB:KWK3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 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:KWK3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.241 (1 + (1- 18%) (8.74%))
0.503
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:KWK3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Energiedienst Holding 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:KWK3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5%)
2019 27.87 Analyst x1 26.54
2020 40.80 Analyst x1 37.01
2021 50.23 Analyst x1 43.39
2022 57.54 Est @ 14.57% 47.35
2023 63.45 Est @ 10.27% 49.73
2024 68.06 Est @ 7.26% 50.80
2025 71.56 Est @ 5.15% 50.87
2026 74.19 Est @ 3.67% 50.23
2027 76.15 Est @ 2.64% 49.10
2028 77.61 Est @ 1.92% 47.66
Present value of next 10 years cash flows €452.68
DB:KWK3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €77.61 × (1 + 0.23%) ÷ (5% – 0.23%)
€1,631.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,631.35 ÷ (1 + 5%)10
€1,001.89
DB:KWK3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €452.68 + €1,001.89
€1,454.57
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,454.57 / 33.04
€49.96
DB:KWK3 Discount to Share Price
Calculation Result
Exchange Rate EUR/CHF
(Reporting currency to currency of SWX:EDHN)
1.145
Value per Share
(CHF)
= Value per Share in EUR x Exchange Rate (EUR/CHF)
= €44.03 x 1.145
CHF50.43
Non-primary Listing Adjustment Factor 1 share in DB:KWK3 represents 0.88119x of SWX:EDHN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88119x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 50.43 x 0.88119
€44.44
Value per share (EUR) From above. €44.44
Current discount Discount to share price of €26.70
= -1 x (€26.70 - €44.44) / €44.44
39.9%

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

Current Discount
Amount off the current price Energiedienst Holding is available for.
Intrinsic value
40%
Share price is €26.7 vs Future cash flow value of €44.44
Current Discount Checks
For Energiedienst Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Energiedienst Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Energiedienst Holding'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 Energiedienst Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Energiedienst Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KWK3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.43
SWX:EDHN Share Price ** SWX (2019-04-23) in CHF CHF30.3
SWX:EDHN Share Price converted to EUR reporting currency Exchange rate (CHF/ EUR) 0.873 €26.45
Europe Electric Utilities Industry PE Ratio Median Figure of 65 Publicly-Listed Electric Utilities Companies 11.97x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

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

** Primary Listing of Energiedienst Holding.

DB:KWK3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:EDHN Share Price ÷ EPS (both in EUR)

= 26.45 ÷ 0.43

61.16x

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

  • Energiedienst Holding is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • Energiedienst Holding is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Energiedienst Holding's expected growth come at a high price?
Raw Data
DB:KWK3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 61.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
36%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 31 Publicly-Listed Electric Utilities Companies 0.71x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:KWK3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 61.16x ÷ 36%

1.7x

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

  • Energiedienst Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Energiedienst Holding's assets?
Raw Data
DB:KWK3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €21.44
SWX:EDHN Share Price * SWX (2019-04-23) in CHF CHF30.3
SWX:EDHN Share Price converted to EUR reporting currency Exchange rate (CHF/ EUR) 0.873 €26.45
Europe Electric Utilities Industry PB Ratio Median Figure of 74 Publicly-Listed Electric Utilities Companies 0.95x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:KWK3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:EDHN Share Price ÷ Book Value per Share (both in EUR)

= 26.45 ÷ 21.44

1.23x

* Primary Listing of Energiedienst Holding.

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

  • Energiedienst Holding is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Energiedienst Holding'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 Electric 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. Energiedienst Holding has a total score of 1/6, 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.

KWK3 Future Performance

 How is Energiedienst Holding expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
36%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Energiedienst Holding expected to grow at an attractive rate?
  • Energiedienst Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Energiedienst Holding's earnings growth is expected to exceed the Germany market average.
  • Energiedienst Holding's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KWK3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KWK3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 36%
DB:KWK3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.7%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 10.1%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:KWK3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KWK3 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,081 1
2022-12-31 1,063 1
2021-12-31 1,045 124 55 1
2020-12-31 995 112 47 1
2019-12-31 959 95 34 1
DB:KWK3 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 896 46 14
2018-09-30 906 42 19
2018-06-30 925 38 25
2018-03-31 911 54 28
2017-12-31 889 69 32
2017-09-30 905 76 41
2017-06-30 920 82 50
2017-03-31 927 87 41
2016-12-31 933 92 32
2016-09-30 939 90 29
2016-06-30 945 87 27
2016-03-31 967 73 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Energiedienst Holding's earnings are expected to grow significantly at over 20% yearly.
  • Energiedienst Holding's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (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:KWK3 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 1 Analyst Estimates (S&P Global) See Below

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

DB:KWK3 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.71 1.71 1.71 1.00
2020-12-31 1.44 1.44 1.44 1.00
2019-12-31 1.06 1.06 1.06 1.00
DB:KWK3 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.43
2018-09-30 0.59
2018-06-30 0.74
2018-03-31 0.85
2017-12-31 0.97
2017-09-30 1.24
2017-06-30 1.52
2017-03-31 1.24
2016-12-31 0.96
2016-09-30 0.89
2016-06-30 0.82
2016-03-31 1.00

*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.
  • Energiedienst Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Energiedienst Holding'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 Europe 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.
Energiedienst Holding 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.

KWK3 Past Performance

  How has Energiedienst Holding 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 Energiedienst Holding's growth in the last year to its industry (Electric 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.
  • Energiedienst Holding's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Energiedienst Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Energiedienst Holding's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.
Earnings and Revenue History
Energiedienst Holding'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 Energiedienst Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KWK3 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 895.80 14.30 105.20
2018-09-30 905.95 19.40 95.15
2018-06-30 924.60 24.50 85.10
2018-03-31 911.20 28.25 85.10
2017-12-31 889.30 32.00 85.10
2017-09-30 904.85 41.05 88.15
2017-06-30 920.40 50.10 91.20
2017-03-31 926.55 40.90 91.20
2016-12-31 932.70 31.70 91.20
2016-09-30 939.05 29.35 87.30
2016-06-30 945.40 27.00 83.40
2016-03-31 966.75 33.05 83.40
2015-12-31 988.10 39.10 83.40
2015-09-30 1,012.45 44.05 80.40
2015-06-30 1,036.80 49.00 77.40
2015-03-31 1,053.15 52.45 77.40
2014-12-31 1,069.50 55.90 77.40
2014-09-30 1,061.05 62.20 70.00
2014-06-30 1,052.60 68.50 62.60
2014-03-31 1,059.35 73.25 62.60
2013-12-31 1,066.10 78.00 62.60
2013-09-30 1,049.65 69.65 51.00
2013-06-30 1,033.20 61.30 39.40
2013-03-31 1,001.25 68.90 55.15
2012-12-31 969.30 76.50 70.90
2012-09-30 962.70 83.05 69.10
2012-06-30 955.40 90.20 66.40

*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.
  • Energiedienst Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Energiedienst Holding used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Energiedienst Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Energiedienst Holding'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 Electric 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.
Energiedienst Holding has a total score of 0/6, 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.

KWK3 Health

 How is Energiedienst Holding'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 Energiedienst Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Energiedienst Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Energiedienst Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Energiedienst Holding'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 4.6x 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 Energiedienst Holding Company Filings, last reported 3 months ago.

DB:KWK3 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 716.90 76.40 179.30
2018-09-30 716.90 76.40 179.30
2018-06-30 716.30 0.00 90.10
2018-03-31 716.30 0.00 90.10
2017-12-31 730.90 70.20 213.20
2017-09-30 730.90 70.20 213.20
2017-06-30 726.40 0.00 134.90
2017-03-31 726.40 0.00 134.90
2016-12-31 737.10 82.40 229.20
2016-09-30 737.10 82.40 229.20
2016-06-30 707.10 0.00 133.90
2016-03-31 707.10 0.00 133.90
2015-12-31 740.50 84.90 201.50
2015-09-30 740.50 84.90 201.50
2015-06-30 725.00 0.00 131.20
2015-03-31 725.00 0.00 131.20
2014-12-31 752.30 83.70 232.70
2014-09-30 752.30 83.70 232.70
2014-06-30 729.50 0.00 112.00
2014-03-31 729.50 0.00 112.00
2013-12-31 734.80 41.40 205.10
2013-09-30 734.80 41.40 205.10
2013-06-30 948.70 43.10 116.70
2013-03-31 948.70 43.10 116.70
2012-12-31 968.80 43.40 168.90
2012-09-30 1,018.20 31.40 165.00
2012-06-30 988.60 37.70 93.60
  • Energiedienst Holding's level of debt (10.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.6% vs 10.7% today).
  • Debt is well covered by operating cash flow (60.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 40.5x coverage).
X
Financial health checks
We assess Energiedienst Holding'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. Energiedienst Holding has a total score of 4/6, 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.

KWK3 Dividends

 What is Energiedienst Holding'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
2.48%
Current annual income from Energiedienst Holding dividends. Estimated to be 3.33% next year.
If you bought €2,000 of Energiedienst Holding shares you are expected to receive €50 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?
  • Energiedienst Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Energiedienst Holding's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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:KWK3 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 1 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 4.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:KWK3 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.88 1.00
2020-12-31 0.88 1.00
2019-12-31 0.88 1.00
DB:KWK3 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-04 0.655 2.495
2018-02-26 0.834 3.480
2017-03-01 0.846 3.847
2016-02-22 0.900 4.209
2015-03-02 1.346 5.770
2014-03-03 1.226 4.914
2013-02-25 1.189 4.519
2012-07-30 1.500 4.336
2012-02-29 1.236 3.227
2011-02-15 1.197 2.867
2010-03-04 0.943 2.421
2009-04-24 0.942 2.615

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 Energiedienst Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Energiedienst Holding'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 Energiedienst Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Energiedienst Holding has a total score of 1/6, see the detailed checks below.


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

KWK3 Management

 What is the CEO of Energiedienst Holding'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
Jörg Reichert
TENURE AS CEO 0.3 years
CEO Bio

Mr. Jörg Reichert serves as Chairman of Executive Board at Energiedienst Holding AG since 2019 and serves as its Member of Executive Board. He holds PhD & Master of Business Research.

CEO Compensation
  • Insufficient data for Jörg to compare compensation growth.
  • Insufficient data for Jörg to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Energiedienst Holding management team in years:

7.3
Average Tenure
52
Average Age
  • The average tenure for the Energiedienst Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jörg Reichert

TITLE
Chairman of Executive Board
TENURE
0.3 yrs

Klaus Muller

TITLE
Head of Finance & Human Resources and Member of the Extended Executive Board
AGE
50
TENURE
3.8 yrs

Christian Bersier

TITLE
Head of Innovation & New Business and Member of The Extended Executive Board
AGE
52
TENURE
8.3 yrs

Irene Knauber

TITLE
Head of Service & Production and Member of the Extended Executive Board
AGE
62
TENURE
8.3 yrs

Achim Geigle

TITLE
Head of Sales & Marketing and Member of The Extended Management Board
AGE
53
TENURE
8.3 yrs

Michel Schwery

TITLE
Member of Executive Board
AGE
54
TENURE
7.3 yrs

Boris Philippeit

TITLE
Head of Staff & Member of the Extended Executive Board
AGE
51
TENURE
3.8 yrs

Herbert Meier

TITLE
Member of the Extended Executive Board
AGE
50
Board of Directors Tenure

Average tenure and age of the Energiedienst Holding board of directors in years:

6.1
Average Tenure
57
Average Age
  • The tenure for the Energiedienst Holding board of directors is about average.
Board of Directors

Dominique Candrian

TITLE
Chairman of the Board of Director
COMPENSATION
€177K
AGE
55
TENURE
2.1 yrs

Bernhard Beck

TITLE
Vice-President of the Board of Directors
COMPENSATION
€79K
AGE
64
TENURE
10.2 yrs

Marc Wolpensinger

TITLE
Director
COMPENSATION
€59K
AGE
51
TENURE
6.1 yrs

Ralph Rieker

TITLE
President of The Advisory Board
COMPENSATION
€3K

Bruno Knapp

TITLE
Director
COMPENSATION
€47K
AGE
59
TENURE
9.1 yrs

Phyllis Scholl

TITLE
Director
COMPENSATION
€53K
AGE
41
TENURE
5.1 yrs

Martin Bäumle

TITLE
Member of Advisory Board
COMPENSATION
€3K

Tilmann Bollacher

TITLE
Member of the Advisory Board
COMPENSATION
€3K

Wolfgang Dietz

TITLE
Member of the Advisory Board

Klaus Eberhardt

TITLE
Member of the Advisory Board
COMPENSATION
€2K
AGE
70
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Energiedienst Holding'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. Energiedienst Holding 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.

KWK3 News

Simply Wall St News

KWK3 Company Info

Description

Energiedienst Holding AG produces, distributes, and sells electricity in Switzerland. It generates electricity from hydro, gas, sun, and wind sources. The company also provides heat and decentralized production services. It serves approximately 270,000 private and commercial customers. The company is based in Laufenburg, Switzerland. Energiedienst Holding AG is a subsidiary of EnBW Energie Baden-Württemberg AG.

Details
Name: Energiedienst Holding AG
KWK3
Exchange: DB
Founded:
CHF873,998,773
33,038,724
Website: http://www.energiedienst.de
Address: Energiedienst Holding AG
Baslerstrasse 44,
Laufenburg,
Aargau, 5080,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX EDHN Nominal Shares SIX Swiss Exchange CH CHF 01. Feb 1993
DB KWK3 Nominal Shares Deutsche Boerse AG DE EUR 01. Feb 1993
LSE 0QOH Nominal Shares London Stock Exchange GB CHF 01. Feb 1993
BATS-CHIXE EDHNZ Nominal Shares BATS 'Chi-X Europe' GB CHF 01. Feb 1993
Number of employees
Current staff
Staff numbers
986
Energiedienst Holding employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 20:49
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/03/04
Last earnings filing: 2019/03/04
Last earnings reported: 2018/12/31
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.