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Updated 1m ago
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Lechwerke AGDB:LEC Stock Report

Market Cap €2.3b
Updated 1m ago
Share Price
n/a
1Y-8.5%
7D0%
1D0%
Portfolio Value
​
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Lechwerke AG

DB:LEC Stock Report

Market Cap: €2.3b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Lechwerke (LEC) Stock Overview

Operates as an energy supplier in Germany. More details

LEC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends4/6

Rewards

Trading at 17.5% below our estimate of its fair value

Risk Analysis

Earnings have declined by 0.7% per year over past 5 years

Dividend of 4.34% is not well covered by earnings


LEC Community Fair Values

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€
Current Price
€64.5087.9% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture02b2016201920222025202620282031Revenue €647.0mEarnings €68.6m
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Lechwerke AG Competitors

Gelsenwasser

Symbol: DB:WWG
Market cap: €1.9b

Mainova

Symbol: DB:MNV6
Market cap: €2.9b

MVV Energie

Symbol: XTRA:MVV1
Market cap: €2.0b

ENEA

Symbol: WSE:ENA
Market cap: zł11.4b

Price History & Performance

Summary of share price highs, lows and changes for Lechwerke
Historical stock prices
Current Share Price€64.50
52 Week High€76.00
52 Week Low€63.00
Beta0.23
1 Month Change1.57%
3 Month Change-4.44%
1 Year Change-8.51%
3 Year Change-31.75%
5 Year Change-49.61%
Change since IPO170.17%

Recent News & Updates

Analysis Article • Sep 17

Earnings Troubles May Signal Larger Issues for Lechwerke (FRA:LEC) Shareholders

A lackluster earnings announcement from Lechwerke AG ( FRA:LEC ) last week didn't sink the stock price. However, we...
Analysis Article • Jul 17

Lechwerke (FRA:LEC) Is Finding It Tricky To Allocate Its Capital

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article • Mar 25

These Return Metrics Don't Make Lechwerke (FRA:LEC) Look Too Strong

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...

Recent updates

Analysis Article • Sep 17

Earnings Troubles May Signal Larger Issues for Lechwerke (FRA:LEC) Shareholders

A lackluster earnings announcement from Lechwerke AG ( FRA:LEC ) last week didn't sink the stock price. However, we...
Analysis Article • Jul 17

Lechwerke (FRA:LEC) Is Finding It Tricky To Allocate Its Capital

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article • Mar 25

These Return Metrics Don't Make Lechwerke (FRA:LEC) Look Too Strong

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Analysis Article • Jan 15

Estimating The Intrinsic Value Of Lechwerke AG (FRA:LEC)

Key Insights The projected fair value for Lechwerke is €77.08 based on 2 Stage Free Cash Flow to Equity With €77.00...
Analysis Article • Oct 22

Some Investors May Be Worried About Lechwerke's (FRA:LEC) Returns On Capital

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we...
Analysis Article • Oct 01

A Look At The Fair Value Of Lechwerke AG (FRA:LEC)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Lechwerke fair value estimate is €70.53 Lechwerke's €70.50...
Analysis Article • May 22

Some Confidence Is Lacking In Lechwerke AG's (FRA:LEC) P/S

Lechwerke AG's ( FRA:LEC ) price-to-sales (or "P/S") ratio of 1.9x may not look like an appealing investment...
Analysis Article • Mar 29

Why Lechwerke's (FRA:LEC) Earnings Are Better Than They Seem

Lechwerke AG's ( FRA:LEC ) recent earnings report didn't offer any surprises, with the shares unchanged over the last...
Analysis Article • Jan 30

Lechwerke (FRA:LEC) Has Some Difficulty Using Its Capital Effectively

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article • Dec 14

Estimating The Fair Value Of Lechwerke AG (FRA:LEC)

Key Insights The projected fair value for Lechwerke is €71.17 based on 2 Stage Free Cash Flow to Equity With €82.00...
Analysis Article • Sep 28

Returns On Capital At Lechwerke (FRA:LEC) Paint A Concerning Picture

When researching a stock for investment, what can tell us that the company is in decline? When we see a declining...
Analysis Article • Nov 22

Returns On Capital At Lechwerke (FRA:LEC) Have Hit The Brakes

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 • Aug 08

Here's What's Concerning About Lechwerke's (FRA:LEC) Returns On Capital

To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Analysis Article • May 10

Lechwerke (FRA:LEC) Is Finding It Tricky To Allocate Its Capital

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Analysis Article • Jan 20

Returns On Capital At Lechwerke (FRA:LEC) Paint A Concerning Picture

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article • Oct 06

Lechwerke (FRA:LEC) Could Be Struggling To Allocate Capital

What financial metrics can indicate to us that a company is maturing or even in decline? More often than not, we'll see...
Analysis Article • May 05

Lechwerke AG (FRA:LEC) Is Yielding 2.3% - But Is It A Buy?

Today we'll take a closer look at Lechwerke AG ( FRA:LEC ) from a dividend investor's perspective. Owning a strong...
Analysis Article • Mar 09

Will the Promising Trends At Lechwerke (FRA:LEC) Continue?

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Feb 02

Has Lechwerke AG (FRA:LEC) Stock's Recent Performance Got Anything to Do With Its Financial Health?

Lechwerke's (FRA:LEC) stock is up by 2.6% over the past three months. Given that stock prices are usually aligned with...
Analysis Article • Jan 12

Are Lechwerke's (FRA:LEC) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...
Analysis Article • Dec 21

Lechwerke (FRA:LEC) Has Compensated Shareholders With A Respectable 68% Return On Their Investment

When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make...
Analysis Article • Nov 30

Lechwerke AG (FRA:LEC) Has Got What It Takes To Be An Attractive Dividend Stock

Could Lechwerke AG (FRA:LEC) be an attractive dividend share to own for the long haul? Investors are often drawn to...

Shareholder Returns

LECDE Electric UtilitiesDE Market
7D0%1.8%-0.5%
1Y-8.5%22.8%4.6%

Return vs Industry: LEC underperformed the German Electric Utilities industry which returned 22.8% over the past year.

Return vs Market: LEC underperformed the German Market which returned 4.6% over the past year.

Price Volatility

Is LEC's price volatile compared to industry and market?
LEC volatility
LEC Average Weekly Movement2.8%
Electric Utilities Industry Average Movement3.1%
Market Average Movement5.0%
10% most volatile stocks in DE Market12.4%
10% least volatile stocks in DE Market2.5%

Stable Share Price: LEC has not had significant price volatility in the past 3 months compared to the German market.

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

About the Company

FoundedEmployeesCEOWebsite
1903444n/awww.lew.de

Lechwerke AG, together with its subsidiaries, operates as an energy supplier in Germany. The company supplies electricity and gas to home private and commercial customers, business customers, municipalities, and energy solutions. It also supplies electricity from renewable energies, including hydropower, solar and wind power, and geothermal and biomass energy; heat electricity; solar energy; and e-mobility services.

Lechwerke AG Fundamentals Summary

How do Lechwerke's earnings and revenue compare to its market cap?
LEC fundamental statistics
Market cap€2.29b
Earnings (TTM)€99.03m
Revenue (TTM)€934.23m
23.1x
P/E Ratio
2.4x
P/S Ratio

Is LEC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LEC income statement (TTM)
Revenue€934.23m
Cost of Revenue€793.16m
Gross Profit€141.07m
Other Expenses€42.04m
Earnings€99.03m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)2.79
Gross Margin15.10%
Net Profit Margin10.60%
Debt/Equity Ratio0%

How did LEC perform over the long term?

See historical performance and comparison

Dividends

4.3%
Current Dividend Yield
100%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 23:03
End of Day Share Price 2026/09/10 00:00
Earnings2025/12/31
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
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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 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

Lechwerke AG is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

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Financial Data provided by S&P Global Market Intelligence LLC, analysis provided by Simply Wall Street Pty Ltd. Copyright © 2026, S&P Global Market Intelligence LLC. All rights reserved.
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