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RWE

OTCPK:RWEO.Y
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RWEO.Y
OTCPK
€14B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

RWE Aktiengesellschaft supplies electricity and gas. The last earnings update was 37 days ago. More info.


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RWEO.Y Share Price and Events
7 Day Returns
-3.5%
OTCPK:RWEO.Y
-1.6%
US Integrated Utilities
-0.3%
US Market
1 Year Returns
-1.9%
OTCPK:RWEO.Y
15.6%
US Integrated Utilities
7%
US Market
RWEO.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RWE (RWEO.Y) -3.5% -1.9% 11.3% -1.9% 79% -30.9%
US Integrated Utilities -1.6% -0.1% 8.8% 15.6% 23.9% 27.7%
US Market -0.3% 2.2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • RWEO.Y underperformed the Integrated Utilities industry which returned 15.6% over the past year.
  • RWEO.Y underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
RWEO.Y
Industry
5yr Volatility vs Market

Value

 Is RWE 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 RWE 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 RWE.

OTCPK:RWEO.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:RWEO.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Integrated Utilities Unlevered Beta Simply Wall St/ S&P Global 0.31
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.311 (1 + (1- 30%) (19.59%))
0.567
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)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:RWEO.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for RWE 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.

OTCPK:RWEO.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.5%)
2019 -194.64 Analyst x4 -181.07
2020 360.66 Analyst x5 312.10
2021 950.37 Analyst x2 765.05
2022 2,132.00 Analyst x1 1,596.56
2023 3,294.45 Est @ 54.52% 2,294.99
2024 4,578.82 Est @ 38.99% 2,967.23
2025 5,865.89 Est @ 28.11% 3,536.16
2026 7,068.13 Est @ 20.5% 3,963.70
2027 8,140.06 Est @ 15.17% 4,246.43
2028 9,070.88 Est @ 11.44% 4,401.96
Present value of next 10 years cash flows €23,903.12
OTCPK:RWEO.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €9,070.88 × (1 + 2.73%) ÷ (7.5% – 2.73%)
€195,438.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €195,438.69 ÷ (1 + 7.5%)10
€94,843.31
OTCPK:RWEO.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €23,903.12 + €94,843.31
€118,746.43
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €118,746.43 / 614.75
€193.16
OTCPK:RWEO.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:RWEO.Y represents 1.12065x of DB:RWE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.12065x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 193.16 x 1.12065
$216.47
Value per share (USD) From above. $216.47
Current discount Discount to share price of $25.73
= -1 x ($25.73 - $216.47) / $216.47
88.1%

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

Current Discount
Amount off the current price RWE is available for.
Intrinsic value
>50%
Share price is $25.73 vs Future cash flow value of $216.47
Current Discount Checks
For RWE to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • RWE's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • RWE's share price is below the future cash flow value, and 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 RWE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RWE's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:RWEO.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-1.29
DB:RWE Share Price ** DB (2019-04-18) in EUR €22.96
United States of America Integrated Utilities Industry PE Ratio Median Figure of 15 Publicly-Listed Integrated Utilities Companies 20.63x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.17x

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

** Primary Listing of RWE.

OTCPK:RWEO.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:RWE Share Price ÷ EPS (both in EUR)

= 22.96 ÷ -1.29

-17.82x

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

  • RWE is loss making, we can't compare its value to the US Integrated Utilities industry average.
  • RWE is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does RWE's expected growth come at a high price?
Raw Data
OTCPK:RWEO.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -17.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
49.9%per year
United States of America Integrated Utilities Industry PEG Ratio Median Figure of 13 Publicly-Listed Integrated Utilities Companies 3.15x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for RWE, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on RWE's assets?
Raw Data
OTCPK:RWEO.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €15.74
DB:RWE Share Price * DB (2019-04-18) in EUR €22.96
United States of America Integrated Utilities Industry PB Ratio Median Figure of 17 Publicly-Listed Integrated Utilities Companies 2.19x
United States of America Market PB Ratio Median Figure of 5,182 Publicly-Listed Companies 1.91x
OTCPK:RWEO.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:RWE Share Price ÷ Book Value per Share (both in EUR)

= 22.96 ÷ 15.74

1.46x

* Primary Listing of RWE.

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

  • RWE is good value based on assets compared to the US Integrated Utilities industry average.
X
Value checks
We assess RWE'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 Integrated 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 Integrated Utilities industry average (and greater than 0)? (1 check)
  5. RWE has a total score of 3/6, 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.

Future Performance

 How is RWE expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

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
49.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RWE expected to grow at an attractive rate?
  • RWE's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • RWE's earnings growth is expected to exceed the United States of America market average.
  • RWE's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:RWEO.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:RWEO.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 49.9%
OTCPK:RWEO.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 6.6%
United States of America Integrated Utilities Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
United States of America Integrated Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
OTCPK:RWEO.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:RWEO.Y Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 19,368 3,921 1,711 1
2022-12-31 16,901 3,616 1,734 2
2021-12-31 16,329 2,903 1,531 4
2020-12-31 16,251 3,078 1,174 7
2019-12-31 14,059 2,293 765 6
OTCPK:RWEO.Y Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 13,433 6,648 -792
2018-09-30 42,397 6,052 -364
2018-06-30 42,097 -1,669 -209
2018-03-31 42,449 -257 1,707
2017-12-31 13,873 -1,754 1,308
2017-09-30 22,519 -1,167 -3,913
2017-06-30 28,571 5,070 -4,435
2017-03-31 35,298 3,219 -6,408
2016-12-31 43,842 2,352 -5,710
2016-09-30 44,362 1,770 -2,094
2016-06-30 45,193 1,671 -1,455
2016-03-31 45,196 1,966 -1,476

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RWE's earnings are expected to grow significantly at over 20% yearly.
  • RWE's revenue is expected to grow by 6.6% 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
OTCPK:RWEO.Y 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 8 Analyst Estimates (S&P Global) See Below

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

OTCPK:RWEO.Y Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 2.99 2.99 2.99 1.00
2021-12-31 2.49 2.55 2.43 2.00
2020-12-31 1.95 2.16 1.69 4.00
2019-12-31 0.92 1.16 0.76 3.00
OTCPK:RWEO.Y Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -1.29
2018-09-30 -0.59
2018-06-30 -0.34
2018-03-31 2.77
2017-12-31 2.13
2017-09-30 -6.37
2017-06-30 -7.21
2017-03-31 -10.43
2016-12-31 -9.29
2016-09-30 -3.41
2016-06-30 -2.37
2016-03-31 -2.40

*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.
  • RWE is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess RWE'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
RWE 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.

Past Performance

  How has RWE 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 RWE's growth in the last year to its industry (Integrated 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.
  • RWE does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare RWE's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare RWE's 1-year growth to the US Integrated Utilities industry average as it is not currently profitable.
Earnings and Revenue History
RWE'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 RWE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RWEO.Y 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 13,433.00 -792.00 1,988.00
2018-09-30 42,397.00 -364.00 5,281.00
2018-06-30 42,097.00 -209.00 5,259.00
2018-03-31 42,449.00 1,707.00 5,220.00
2017-12-31 13,873.00 1,308.00 1,954.00
2017-09-30 22,519.00 -3,913.00 3,041.00
2017-06-30 28,571.00 -4,435.00 3,876.00
2017-03-31 35,298.00 -6,408.00 4,519.00
2016-12-31 43,842.00 -5,710.00 5,309.00
2016-09-30 44,362.00 -2,094.00 5,419.00
2016-06-30 45,193.00 -1,455.00 5,298.00
2016-03-31 45,196.00 -1,476.00 5,348.00
2015-12-31 46,139.00 -1,694.00 5,299.00
2015-09-30 46,177.00 992.00 5,336.00
2015-06-30 46,157.00 658.00 5,362.00
2015-03-31 46,701.00 1,029.00 5,413.00
2014-12-31 46,380.00 1,340.00 5,434.00
2014-09-30 46,772.00 -2,706.00 5,585.00
2014-06-30 47,502.00 -2,987.00 5,587.00
2014-03-31 48,666.00 -3,387.00 5,658.00
2013-12-31 49,912.00 -3,069.00 5,691.00
2013-09-30 51,125.00 -178.00 5,786.00
2013-06-30 51,479.00 540.00 5,887.00
2013-03-31 50,916.00 1,266.00 5,929.00
2012-12-31 50,983.00 1,306.00 5,971.00
2012-09-30 49,800.00 2,270.00 5,850.00
2012-06-30 49,172.00 1,800.00 5,840.00

*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.
  • It is difficult to establish if RWE has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if RWE has efficiently used its assets last year compared to the US Integrated Utilities industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if RWE improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess RWE'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 Integrated 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.
RWE 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.

Health

 How is RWE'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 RWE's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RWE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • RWE's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of RWE'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 22.3x 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 RWE Company Filings, last reported 3 months ago.

OTCPK:RWEO.Y Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 14,257.00 2,764.00 7,132.00
2018-09-30 15,508.00 2,880.00 7,489.00
2018-06-30 12,470.00 2,241.00 6,554.00
2018-03-31 13,823.00 17,830.00 9,052.00
2017-12-31 11,991.00 17,201.00 8,826.00
2017-09-30 11,292.00 18,159.00 10,059.00
2017-06-30 10,829.00 18,733.00 15,971.00
2017-03-31 9,201.00 19,449.00 13,921.00
2016-12-31 7,990.00 18,183.00 14,216.00
2016-09-30 7,063.00 19,250.00 10,604.00
2016-06-30 8,047.00 20,859.00 10,565.00
2016-03-31 8,963.00 22,545.00 11,475.00
2015-12-31 8,894.00 19,080.00 9,251.00
2015-09-30 12,159.00 19,291.00 9,653.00
2015-06-30 13,946.00 18,928.00 10,485.00
2015-03-31 13,624.00 18,089.00 10,046.00
2014-12-31 11,772.00 18,566.00 6,996.00
2014-09-30 11,220.00 18,467.00 8,459.00
2014-06-30 11,727.00 19,167.00 7,134.00
2014-03-31 12,432.00 18,938.00 6,329.00
2013-12-31 12,137.00 18,688.00 6,223.00
2013-09-30 15,156.00 19,484.00 7,682.00
2013-06-30 15,662.00 20,731.00 4,480.00
2013-03-31 17,694.00 21,148.00 6,135.00
2012-12-31 16,489.00 19,598.00 4,735.00
2012-09-30 17,064.00 20,878.00 5,275.00
2012-06-30 17,365.00 21,269.00 5,096.00
  • RWE's level of debt (19.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (154% vs 19.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making RWE has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making RWE has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -25.4% per year.
X
Financial health checks
We assess RWE'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. RWE has a total score of 6/6, 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.

Dividends

 What is RWE'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
3.05%
Current annual income from RWE dividends. Estimated to be 4.04% next year.
If you bought $2,000 of RWE shares you are expected to receive $61 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?
  • RWE's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • RWE's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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
OTCPK:RWEO.Y 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 8 Analyst Estimates (S&P Global) See Below
United States of America Integrated Utilities Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:RWEO.Y Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.15 2.00
2022-12-31 1.11 4.00
2021-12-31 1.05 7.00
2020-12-31 0.92 13.00
2019-12-31 0.79 14.00
OTCPK:RWEO.Y Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.700 2.993
2018-03-13 0.500 2.476
2016-11-14 0.000 0.000
2016-08-11 0.000 0.000
2016-05-12 0.000 0.000
2016-02-17 0.000 0.000
2015-03-10 1.000 6.724
2014-02-25 1.000 3.591
2013-11-14 1.000 3.678
2013-04-23 2.000 8.099
2012-08-14 2.000 6.398
2012-03-06 2.000 6.169
2011-02-24 3.500 10.696
2010-02-25 3.500 6.404
2009-04-21 4.500 7.372

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 RWE's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess RWE'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 RWE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RWE has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of RWE'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
Rolf Schmitz
COMPENSATION €4,066,000
AGE 61
TENURE AS CEO 2.5 years
CEO Bio

Dr. Rolf Martin Schmitz has been Chairman of the Executive Board and Chief Executive Officer of RWE AG since October 15, 2016 and its Labour Director since May 2017. Dr. Schmitz serves as the Chairman of the Supervisory Board and Group Chief Operating Officer at Innogy Netze Deutschland GmbH. Dr. Schmitz served as the Chief Operating Officer at RWE AG from October 1, 2010 to October 2016 and served as its Chief National Officer. He served as Deputy Chairman of The Executive board at RWE AG since July 1, 2012 until October 14, 2016. Dr. Schmitz has been an Honorary President of Federal Assembly at Deutschen Energie- und Wasserwirtschaft (BDEW) since June 2008. Dr. Schmitz serves as the Chairman of the Management Board at GEW AG. He has been Chairman of the Management Board at Stadtwerke Köln since January 2009. He served as Chairman of the Management Board of Wohnungsgesellschaft der Stadtwerke Köln. He served as the Chairman of Executive Board and Chief Executive of Cologne-based regional utility at RheinEnergie AG from 2006 to March 31, 2009. He served as a Vice Director of Economics Department at VEBA AG from 1988 to 1998. He served as Project Engineer Machine Technology of Steag AG from 1986 to 1988. He served as the Chairman of the Management Board at E.ON Kraftwerke GmbH from 2004 to September 2005. He served as a Member of the Management Board at Thüga AG from 2000 to 2004, Thüga Beteiligungen AG from 2001 to 2004 and rhenag Rheinische Energie AG from 1998 to 2001. He served as a Member of the Management Board at Thüga Aktiengesellschaft. He served as Chief Operating Officer of National at RWE AG from May 2009 to September 2010 and served as its Executive Vice President since May 2009. He serves as Chairman of Gasversorgung Westerwald GmbH, VSE AG, RWE Supply & Trading CZ, a.s., and Höhr-Grenzhausen. He has been Chairman and Member of the Supervisory Board of RWE Supply & Trading CZ, a.s. since January 2011. Dr. Schmitz served as the Chairman of the Supervisory Board at Süwag Energie AG from August 28, 2009 to April 30, 2015. He serves as Chairman of Supervisory Board at RWE Generation SE. He serves as Chairman of the Supervisory Board at RWE Power AG. He served as the Chairman and Member of the Supervisory Board at Lechwerke AG. He has been Vice-Chairman of Supervisory Board at Energy Resources Holding B.V. since January 01, 2011. He serves as Deputy Chairman of the Supervisory Board at RWE Innogy GmbH. He has been First Deputy Chairman of Supervisory Board at KELAG-Kärntner Elektrizitäts-Aktiengesellschaft since May 28, 2010. He has been Vice-Chairman of Supervisory Board at Essent N.V since February 02, 2011. He serves as Deputy Chairman of Rheinhessische Energie- und Wasserversorgungs-GmbH, Ingelheim am Rhein, Stadtwerke Bad Hersfeld GmbH, Bad Hersfeld, Stadtwerke Elbtal GmbH, Coswig Stadtwerke Zittau GmbH, Zittau SYNECO GmbH & Co., KG, Munich Thüga Polska Sp. z o.o., Warsaw Poland and Wasserversorgung Rheinhessen GmbH, Bodenheim and Guntersblum. Dr. Schmitz serves as Deputy Chairman of Gasversorgung Görlitz GmbH, Görlitz, Gasversorgung Lahn-Dill GmbH, Wetzlar, Gasversorgung Sachsen Ost GmbH, Dresden and Gasversorgung Pirna GmbH, Pirna. He serves as Deputy Chairman of HEAG Südhessische Energie AG (HSE) and Energie- und Wassergesellschaft mbH, Wetzlar. He has been a Member of the Supervisory Board at Essent N.V. since January 01, 2011. He serves as a Member of Supervisory Board at ESWE Versorgungs AG, Wiesbaden, Darmstadt, TÜV Rheinland AG and N-ERGIE Aktiengesellschaft, Nuremberg. He serves as a Member of the Advisory Board at AXA Konzern AG. His Membership in similar supervisory committees of business enterprises in Germany and abroad are, Badenova AG & Co. KG, Freiburg, Deutsche Erdgashandels-Verwaltungs-GmbH, Munich, Energie- und Wasserversorgungs-GmbH, Alzey, Energieversorgung Limburg GmbH, Limburg an der Lahn, Energieversorgung Mittelrhein GmbH, Koblenz, entega Vertrieb Verwaltungs-GmbH, Darmstadt, Erdgas Südsachsen GmbH, Chemnitz and Freitaler Strom+gas Gmbh, Freital. He served as a Member of Technical Advisory Board at Alpiq Anlagentechnik GmbH. He served as Member of Supervisory Board at RheinEnergie AG until November 3, 2016. He served as a Director of Wohnungsgesellschaft der Stadtwerke Köln. Dr. Schmitz is the President of the German energy and water industry association BDEW. He has been a Member of the Executive/Management Board at RWE AG since May 1, 2009. He was a Lecturer for Heat Transfer Technology and Climate Technology at RWTH Aachen, Germany from 1980 to 1986. He studied Engineering at RWTH Aachen, Germany, graduated as Engineer in 1981.

CEO Compensation
  • Rolf's compensation has increased whilst company is loss making.
  • Rolf's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the RWE management team in years:

3
Average Tenure
  • The tenure for the RWE management team is about average.
Management Team

Rolf Schmitz

TITLE
Chairman of Executive Board
COMPENSATION
€4M
AGE
61
TENURE
2.5 yrs

Markus Krebber

TITLE
CFO & Member of the Executive Board
COMPENSATION
€3M
AGE
45
TENURE
2.5 yrs

Joachim Haaf

TITLE
Head of Group Insurance

Gunhild Grieve

TITLE
Head of Investor Relations

Claudia Mayfeld

TITLE
Head of Group Legal & Compliance
TENURE
3 yrs

Stephanie Schunck

TITLE
Head of Group Communication and Public Affairs

Stephan Muschick

TITLE
Head of Corporate Citizenship

Jens Hüffer

TITLE
Head of Internal Audit
TENURE
3 yrs

Peter Heinacher

TITLE
Head of Corporate Affairs
TENURE
11.2 yrs

Joachim Lochte

TITLE
Head of Corporate Responsibility & Environmental Protection
Board of Directors Tenure

Average tenure and age of the RWE board of directors in years:

13
Average Tenure
71
Average Age
  • The average tenure for the RWE board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Werner Brandt

TITLE
Chairman of Supervisory Board
COMPENSATION
€300K
AGE
64
TENURE
3 yrs

Frank Bsirske

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€400K
AGE
66

Erhard Schipporeit

TITLE
Member of Supervisory Board
COMPENSATION
€480K
AGE
69
TENURE
3 yrs

Dietmar Kuhnt

TITLE
Member of the Economic Advisory Board
COMPENSATION
€49K
AGE
81
TENURE
13 yrs

Michael Frenzel

TITLE
Member of Economic Advisory Board
AGE
71

Heinrich Karl Pierer Esch

TITLE
Member of Economic Advisory Board
AGE
77

Jürgen Strube

TITLE
Member of Economic Advisory Board
AGE
78

Klaus Schneider

TITLE
Member of Economic Advisory Board

Dagmar Mühlenfeld

TITLE
Member of Supervisory Board
COMPENSATION
€120K
AGE
67
TENURE
14.3 yrs

Klaus-Peter Müller

TITLE
Member of Economic Advisory Board
AGE
74
TENURE
14.5 yrs
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 RWE'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. RWE 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.

News

Simply Wall St News

Company Info

Description

RWE Aktiengesellschaft supplies electricity and gas. It operates through four segments: Lignite & Nuclear; European Power; Supply & Trading; and Innogy. The company operates power stations based on lignite, coal, gas, nuclear power, renewable energies, and hydro and biomass; and operates and maintains solar farms, as well as generates heat. It is also involved in the supply and trade of power, gas, coal, freight, oil, weather derivatives, biomass, emissions certificates, and renewable energies; and construction of battery storage facilities. RWE Aktiengesellschaft manages electricity distribution networks; and gas distribution networks. The company offers its products and services to residential and commercial customers, industrial and corporate customers, and distributors in Germany, the Netherlands, Belgium, the United Kingdom, and Eastern Europe. It serves approximately 15.9 million electricity customers and approximately 6.6 million gas customers; and has a power generation capacity of approximately 40,000 megawatts. The company was founded in 1898 and is headquartered in Essen, Germany.

Details
Name: RWE Aktiengesellschaft
RWEO.Y
Exchange: OTCPK
Founded: 1898
€15,868,484,060
614,745,036
Website: http://www.rwe.com
Address: RWE Aktiengesellschaft
Huyssenallee 2,
Essen,
North Rhine-Westphalia, 45128,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB RWE Common Shares Deutsche Boerse AG DE EUR 02. Jan 1992
OTCPK RWNF.F Common Shares Pink Sheets LLC US USD 02. Jan 1992
XTRA RWE Common Shares XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0HA0 Common Shares London Stock Exchange GB EUR 02. Jan 1992
SWX RWE Common Shares SIX Swiss Exchange CH CHF 02. Jan 1992
BIT RWE Common Shares Borsa Italiana IT EUR 02. Jan 1992
WBAG RWE Common Shares Wiener Boerse AG AT EUR 02. Jan 1992
SEP RWE Common Shares The Stock Exchange Prague Co. Ltd. CZ CZK 02. Jan 1992
BATS-CHIXE RWED Common Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK RWEO.Y SPONSORED ADR Pink Sheets LLC US USD 31. Jan 1975
DB RWE3 Preferred Shares Deutsche Boerse AG DE EUR 02. Jan 1992
DB RWEA SPONSORED ADR Deutsche Boerse AG DE EUR 31. Jan 1975
XTRA RWEA SPONSORED ADR XETRA Trading Platform DE EUR 31. Jan 1975
XTRA RWE3 Preferred Shares XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0FUZ Preferred Shares London Stock Exchange GB EUR 02. Jan 1992
SWX RWE3 Preferred Shares SIX Swiss Exchange CH CHF 02. Jan 1992
BATS-CHIXE RWE3D Preferred Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
17,748
RWE employees.
Industry
Multi-Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 23:48
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/03/14
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.