BKW AG

BATS-CHIXE:BKWZ Stock Report

Market Cap: CHF 8.0b

BKW Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 BKWZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BKWZ (CHF152.3) is trading below our estimate of fair value (CHF234.82)

Significantly Below Fair Value: BKWZ is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BKWZ. This is calculated by dividing BKWZ's market cap by their current earnings.
What is BKWZ's PE Ratio?
PE Ratio16x
EarningsCHF 500.90m
Market CapCHF 8.02b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BKWZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.5x
SSE SSE
10.3x5.2%UK£19.6b
JEL Jersey Electricity
12x-8.8%UK£134.8m
SVT Severn Trent
35.6x24.3%UK£8.2b
UU. United Utilities Group
68x24.4%UK£7.7b
BKWZ BKW
16x4.4%CHF 8.0b

Price-To-Earnings vs Peers: BKWZ is good value based on its Price-To-Earnings Ratio (16x) compared to the peer average (31.5x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies11PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BKWZ is expensive based on its Price-To-Earnings Ratio (16x) compared to the European Electric Utilities industry average (12.7x).

Price to Earnings Ratio vs Fair Ratio

What is BKWZ'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.

BKWZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16x
Fair PE Ratio14.2x

Price-To-Earnings vs Fair Ratio: BKWZ is expensive based on its Price-To-Earnings Ratio (16x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).

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 BKWZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 152.30
CHF 171.25
+12.4%
8.4%CHF 195.00CHF 160.00n/a4
Nov ’25CHF 152.00
CHF 160.00
+5.3%
5.1%CHF 170.00CHF 150.00n/a3
Oct ’25CHF 152.70
CHF 162.40
+6.4%
6.6%CHF 179.00CHF 150.00n/a5
Sep ’25CHF 159.30
CHF 162.40
+1.9%
6.6%CHF 179.00CHF 150.00n/a5
Aug ’25CHF 159.40
CHF 160.40
+0.6%
7.4%CHF 179.00CHF 150.00n/a5
Jul ’25CHF 146.10
CHF 159.40
+9.1%
8.0%CHF 179.00CHF 148.00n/a5
Jun ’25CHF 141.80
CHF 159.40
+12.4%
8.0%CHF 179.00CHF 148.00n/a5
May ’25CHF 136.10
CHF 159.40
+17.1%
8.0%CHF 179.00CHF 148.00n/a5
Apr ’25CHF 138.40
CHF 158.00
+14.2%
9.0%CHF 179.00CHF 140.00n/a5
Mar ’25CHF 125.30
CHF 155.00
+23.7%
7.2%CHF 170.00CHF 140.00n/a4
Feb ’25CHF 138.50
CHF 165.00
+19.1%
6.8%CHF 180.00CHF 150.00n/a4
Jan ’25CHF 149.00
CHF 165.00
+10.7%
6.8%CHF 180.00CHF 150.00n/a4
Dec ’24CHF 154.70
CHF 166.22
+7.4%
5.5%CHF 180.00CHF 153.00n/a5
Nov ’24CHF 153.40
CHF 166.22
+8.4%
5.5%CHF 180.00CHF 153.00CHF 152.005
Oct ’24CHF 161.30
CHF 166.22
+3.1%
5.5%CHF 180.00CHF 153.00CHF 152.705
Sep ’24CHF 153.20
CHF 158.62
+3.5%
4.7%CHF 168.10CHF 150.00CHF 159.305
Aug ’24CHF 156.10
CHF 158.62
+1.6%
4.7%CHF 168.10CHF 150.00CHF 159.405
Jul ’24CHF 156.90
CHF 158.62
+1.1%
4.7%CHF 168.10CHF 150.00CHF 146.105
Jun ’24CHF 162.60
CHF 159.62
-1.8%
4.1%CHF 168.10CHF 150.00CHF 141.805
May ’24CHF 152.70
CHF 158.40
+3.7%
6.2%CHF 174.00CHF 148.00CHF 136.105
Apr ’24CHF 143.20
CHF 158.40
+10.6%
6.2%CHF 174.00CHF 148.00CHF 138.405
Mar ’24CHF 131.10
CHF 153.60
+17.2%
7.7%CHF 174.00CHF 140.00CHF 125.305
Feb ’24CHF 131.20
CHF 152.40
+16.2%
8.4%CHF 174.00CHF 140.00CHF 138.505
Jan ’24CHF 126.60
CHF 141.25
+11.6%
7.2%CHF 150.00CHF 125.00CHF 149.004
Dec ’23CHF 124.50
CHF 141.25
+13.5%
7.2%CHF 150.00CHF 125.00CHF 154.704
Nov ’23CHF 117.10
CHF 139.75
+19.3%
7.7%CHF 150.00CHF 125.00CHF 153.404

Analyst Forecast: Target price is less than 20% higher than the current share price.

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