VERBUND AG

DB:OEWA Stock Report

Market Cap: €25.0b

VERBUND Valuation

Is OEWA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OEWA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OEWA (€71.75) is trading above our estimate of fair value (€27.11)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OEWA?

Key metric: As OEWA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OEWA. This is calculated by dividing OEWA's market cap by their current earnings.
What is OEWA's PE Ratio?
PE Ratio15x
Earnings€1.67b
Market Cap€25.05b

Price to Earnings Ratio vs Peers

How does OEWA's PE Ratio compare to its peers?

The above table shows the PE ratio for OEWA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.1x
EBK EnBW Energie Baden-Württemberg
29.3xn/a€17.5b
LEC Lechwerke
25.8xn/a€2.5b
EOAN E.ON
17x8.9%€30.5b
RWE RWE
8.3x-10.8%€23.4b
OEWA VERBUND
15x-11.6%€25.0b

Price-To-Earnings vs Peers: OEWA is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (20.1x).

Price to Earnings Ratio vs Industry

How does OEWA's PE Ratio compare vs other companies in the European Electric Utilities Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
OEWA 15.0xIndustry Avg. 12.6xNo. of Companies10PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OEWA is expensive based on its Price-To-Earnings Ratio (15x) compared to the European Electric Utilities industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is OEWA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OEWA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio16.3x

Price-To-Earnings vs Fair Ratio: OEWA is good value based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (16.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OEWA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€71.75
€68.08
-5.1%
10.1%€87.20€62.00n/a12
Nov ’25€75.35
€68.04
-9.7%
11.0%€87.20€58.00n/a12
Oct ’25€73.35
€66.95
-8.7%
12.0%€87.20€55.00n/a13
Sep ’25€75.90
€66.10
-12.9%
12.0%€87.20€55.00n/a13
Aug ’25€74.65
€65.56
-12.2%
12.4%€87.20€55.00n/a13
Jul ’25€74.35
€65.26
-12.2%
13.4%€87.20€55.00n/a13
Jun ’25€73.85
€64.49
-12.7%
13.4%€87.20€55.00n/a13
May ’25€70.60
€65.34
-7.5%
13.3%€87.20€55.00n/a13
Apr ’25€68.15
€68.43
+0.4%
15.1%€88.00€57.50n/a12
Mar ’25€67.45
€69.83
+3.5%
14.2%€88.00€59.00n/a13
Feb ’25€75.80
€77.56
+2.3%
8.4%€88.00€68.00n/a13
Jan ’25€83.20
€79.64
-4.3%
9.2%€95.00€68.00n/a13
Dec ’24€87.70
€83.35
-5.0%
13.5%€100.00€66.00n/a12
Nov ’24€82.45
€82.98
+0.6%
13.1%€100.00€66.00€75.3512
Oct ’24€77.85
€84.28
+8.3%
12.8%€100.00€66.00€73.3512
Sep ’24€74.15
€83.65
+12.8%
12.6%€100.00€66.00€75.9013
Aug ’24€75.25
€83.84
+11.4%
12.5%€100.00€66.00€74.6513
Jul ’24€73.00
€87.06
+19.3%
12.6%€100.00€66.00€74.3513
Jun ’24€68.40
€89.07
+30.2%
10.2%€100.00€73.00€73.8512
May ’24€80.00
€89.90
+12.4%
11.4%€108.00€73.00€70.6012
Apr ’24€77.65
€92.98
+19.7%
11.2%€110.00€78.00€68.1511
Mar ’24€77.85
€92.66
+19.0%
10.3%€110.00€80.00€67.4511
Feb ’24€78.45
€93.71
+19.5%
9.9%€110.00€81.00€75.8010
Jan ’24€78.65
€90.09
+14.5%
15.1%€110.00€67.00€83.2010
Dec ’23€86.75
€89.69
+3.4%
14.7%€110.00€67.00€87.7010
Nov ’23€80.00
€92.95
+16.2%
18.2%€125.00€67.00€82.4511

Analyst Forecast: Target price is lower than the current share price.

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