BKW AG

BATS-CHIXE:BKWZ Stock Report

Market Cap: CHF 8.8b

BKW Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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.

CHF 228.01
Fair Value
26.9% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: BKWZ (CHF166.6) is trading below our estimate of fair value (CHF228.01)

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 Ratio19.1x
EarningsCHF 459.30m
Market CapCHF 8.79b

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 Average21.6x
SSE SSE
27.2x19.08%UK£26.1b
JEL Jersey Electricity
12.2x4.14%UK£144.0m
SVT Severn Trent
26.4x18.80%UK£8.3b
UU. United Utilities Group
20.5x8.65%UK£8.2b
BKWZ BKW
19.1x7.49%CHF 8.8b

Price-To-Earnings vs Peers: BKWZ is good value based on its Price-To-Earnings Ratio (19.1x) compared to the peer average (21.6x).

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 (19.1x) compared to the European Electric Utilities industry average (13.3x).

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 Ratio19.1x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: BKWZ is good value based on its Price-To-Earnings Ratio (19.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.4x).

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 166.60
CHF 191.75
+15.10%
4.93%CHF 202.00CHF 180.00n/a4
Nov ’26CHF 179.25
CHF 193.00
+7.67%
4.55%CHF 202.00CHF 180.00n/a4
Oct ’26CHF 169.30
CHF 193.00
+14.00%
4.55%CHF 202.00CHF 180.00n/a4
Sep ’26CHF 163.70
CHF 188.00
+14.84%
4.82%CHF 202.00CHF 180.00n/a4
Aug ’26CHF 181.90
CHF 185.00
+1.70%
6.04%CHF 200.00CHF 170.00n/a4
Jul ’26CHF 173.90
CHF 185.00
+6.38%
6.04%CHF 200.00CHF 170.00n/a4
Jun ’26CHF 173.10
CHF 173.75
+0.38%
7.70%CHF 192.00CHF 155.00n/a4
May ’26CHF 165.20
CHF 173.75
+5.18%
7.70%CHF 192.00CHF 155.00n/a4
Apr ’26CHF 156.10
CHF 174.50
+11.79%
8.27%CHF 195.00CHF 155.00n/a4
Mar ’26CHF 158.20
CHF 172.75
+9.20%
7.72%CHF 195.00CHF 160.00n/a4
Feb ’26CHF 155.30
CHF 172.75
+11.24%
7.72%CHF 195.00CHF 160.00n/a4
Jan ’26CHF 151.00
CHF 172.75
+14.40%
7.72%CHF 195.00CHF 160.00n/a4
Dec ’25CHF 151.40
CHF 171.25
+13.11%
8.35%CHF 195.00CHF 160.00CHF 166.504
Nov ’25CHF 152.00
CHF 160.00
+5.26%
5.10%CHF 170.00CHF 150.00CHF 179.253
Oct ’25CHF 152.70
CHF 162.40
+6.35%
6.64%CHF 179.00CHF 150.00CHF 169.305
Sep ’25CHF 159.30
CHF 162.40
+1.95%
6.64%CHF 179.00CHF 150.00CHF 163.705
Aug ’25CHF 159.40
CHF 160.40
+0.63%
7.42%CHF 179.00CHF 150.00CHF 181.905
Jul ’25CHF 146.10
CHF 159.40
+9.10%
7.95%CHF 179.00CHF 148.00CHF 173.905
Jun ’25CHF 141.80
CHF 159.40
+12.41%
7.95%CHF 179.00CHF 148.00CHF 173.105
May ’25CHF 136.10
CHF 159.40
+17.12%
7.95%CHF 179.00CHF 148.00CHF 165.205
Apr ’25CHF 138.40
CHF 158.00
+14.16%
9.05%CHF 179.00CHF 140.00CHF 156.105
Mar ’25CHF 125.30
CHF 155.00
+23.70%
7.21%CHF 170.00CHF 140.00CHF 158.204
Feb ’25CHF 138.50
CHF 165.00
+19.13%
6.78%CHF 180.00CHF 150.00CHF 155.304
Jan ’25CHF 149.00
CHF 165.00
+10.74%
6.78%CHF 180.00CHF 150.00CHF 151.004
Dec ’24CHF 154.70
CHF 166.22
+7.45%
5.52%CHF 180.00CHF 153.00CHF 151.405
CHF 191.75
Fair Value
13.1% undervalued intrinsic discount
4
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/05 06:22
End of Day Share Price 2025/12/05 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 world class team 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

BKW AG is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Peter RothenaicherBaader Helvea Equity Research
Marta BruskaBaader Helvea Equity Research
Andreas von ArxBaader Helvea Equity Research