VERBUND AG (OEWA.DE) Stock Fundamental Analysis
FRA:OEWA - Deutsche Boerse Ag - AT0000746409 - Common Stock - Currency: EUR
Taking everything into account, OEWA scores 6 out of 10 in our fundamental rating. OEWA was compared to 16 industry peers in the Electric Utilities industry. OEWA has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. OEWA is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
OEWA had positive earnings in the past year.
In the past year OEWA had a positive cash flow from operations.
In the past 5 years OEWA has always been profitable.
In the past 5 years OEWA always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.88%, OEWA belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 17.27%, OEWA is in line with its industry, outperforming 53.33% of the companies in the same industry.
The Return On Invested Capital of OEWA (7.59%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for OEWA is in line with the industry average of 9.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.88% | ||
| ROE | 17.27% | ||
| ROIC | 7.59% |
ROA(3y)8.55%
ROA(5y)7.12%
ROE(3y)20.77%
ROE(5y)16.4%
ROIC(3y)10.5%
ROIC(5y)8.96%
1.3 Margins
OEWA has a Profit Margin of 25.74%. This is amongst the best in the industry. OEWA outperforms 86.67% of its industry peers.
OEWA's Profit Margin has improved in the last couple of years.
OEWA's Operating Margin of 25.06% is amongst the best of the industry. OEWA outperforms 86.67% of its industry peers.
In the last couple of years the Operating Margin of OEWA has grown nicely.
Looking at the Gross Margin, with a value of 53.07%, OEWA is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
OEWA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.06% | ||
| PM (TTM) | 25.74% | ||
| GM | 53.07% |
OM growth 3Y2.73%
OM growth 5Y10.27%
PM growth 3Y5.82%
PM growth 5Y5.98%
GM growth 3Y-5.85%
GM growth 5Y-2.33%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so OEWA is still creating some value.
The number of shares outstanding for OEWA remains at a similar level compared to 1 year ago.
Compared to 5 years ago, OEWA has about the same amount of shares outstanding.
Compared to 1 year ago, OEWA has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.18 indicates that OEWA is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.18, OEWA belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
OEWA has a debt to FCF ratio of 1.35. This is a very positive value and a sign of high solvency as it would only need 1.35 years to pay back of all of its debts.
OEWA's Debt to FCF ratio of 1.35 is amongst the best of the industry. OEWA outperforms 86.67% of its industry peers.
A Debt/Equity ratio of 0.24 indicates that OEWA is not too dependend on debt financing.
OEWA's Debt to Equity ratio of 0.24 is amongst the best of the industry. OEWA outperforms 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 1.35 | ||
| Altman-Z | 2.18 |
ROIC/WACC1.23
WACC6.19%
2.3 Liquidity
A Current Ratio of 1.25 indicates that OEWA should not have too much problems paying its short term obligations.
OEWA has a Current ratio of 1.25. This is amongst the best in the industry. OEWA outperforms 86.67% of its industry peers.
A Quick Ratio of 1.19 indicates that OEWA should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.19, OEWA belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
The earnings per share for OEWA have decreased strongly by -36.48% in the last year.
Measured over the past years, OEWA shows a very strong growth in Earnings Per Share. The EPS has been growing by 39.23% on average per year.
The Revenue for OEWA has decreased by -48.10% in the past year. This is quite bad
Measured over the past years, OEWA shows a very strong growth in Revenue. The Revenue has been growing by 31.37% on average per year.
EPS 1Y (TTM)-36.48%
EPS 3Y53.1%
EPS 5Y39.23%
EPS Q2Q%-31.36%
Revenue 1Y (TTM)-48.1%
Revenue growth 3Y44.69%
Revenue growth 5Y31.37%
Sales Q2Q%-37.32%
3.2 Future
Based on estimates for the next years, OEWA will show a very negative growth in Earnings Per Share. The EPS will decrease by -12.56% on average per year.
OEWA is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -13.85% yearly.
EPS Next Y-25.6%
EPS Next 2Y-18.88%
EPS Next 3Y-20.76%
EPS Next 5Y-12.56%
Revenue Next Year-40.15%
Revenue Next 2Y-23%
Revenue Next 3Y-19.51%
Revenue Next 5Y-13.85%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
OEWA is valuated correctly with a Price/Earnings ratio of 15.31.
OEWA's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.47, OEWA is valued a bit cheaper.
The Price/Forward Earnings ratio is 15.90, which indicates a correct valuation of OEWA.
The rest of the industry has a similar Price/Forward Earnings ratio as OEWA.
The average S&P500 Price/Forward Earnings ratio is at 92.74. OEWA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.31 | ||
| Fwd PE | 15.9 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, OEWA is valued a bit cheaper than 66.67% of the companies in the same industry.
OEWA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. OEWA is cheaper than 93.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.7 | ||
| EV/EBITDA | 5.21 |
4.3 Compensation for Growth
The decent profitability rating of OEWA may justify a higher PE ratio.
A cheap valuation may be justified as OEWA's earnings are expected to decrease with -20.76% in the coming years.
PEG (NY)N/A
PEG (5Y)0.39
EPS Next 2Y-18.88%
EPS Next 3Y-20.76%
5. Dividend
5.1 Amount
OEWA has a Yearly Dividend Yield of 4.31%, which is a nice return.
OEWA's Dividend Yield is comparable with the industry average which is at 4.37.
OEWA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.31% |
5.2 History
The dividend of OEWA is nicely growing with an annual growth rate of 60.49%!
Dividend Growth(5Y)60.49%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
OEWA pays out 116.21% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of OEWA has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP116.21%
EPS Next 2Y-18.88%
EPS Next 3Y-20.76%
VERBUND AG
FRA:OEWA (2/4/2025, 7:00:00 PM)
73.65
-0.15 (-0.2%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners13.68%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap12.54B
Analysts43.16
Price Target70.89 (-3.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.31% |
Yearly Dividend4.47
Dividend Growth(5Y)60.49%
DP116.21%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.05%
PT rev (3m)0.83%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)5.89%
EPS NY rev (3m)5.89%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.83%
Revenue NY rev (3m)-1.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.31 | ||
| Fwd PE | 15.9 | ||
| P/S | 1.93 | ||
| P/FCF | 5.7 | ||
| P/OCF | 3.84 | ||
| P/B | 1.29 | ||
| P/tB | 1.44 | ||
| EV/EBITDA | 5.21 |
EPS(TTM)4.81
EY6.53%
EPS(NY)4.63
Fwd EY6.29%
FCF(TTM)12.92
FCFY17.54%
OCF(TTM)19.17
OCFY26.02%
SpS38.17
BVpS56.91
TBVpS51.02
PEG (NY)N/A
PEG (5Y)0.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.88% | ||
| ROE | 17.27% | ||
| ROCE | 9.87% | ||
| ROIC | 7.59% | ||
| ROICexc | 7.94% | ||
| ROICexgc | 8.48% | ||
| OM | 25.06% | ||
| PM (TTM) | 25.74% | ||
| GM | 53.07% | ||
| FCFM | 33.85% |
ROA(3y)8.55%
ROA(5y)7.12%
ROE(3y)20.77%
ROE(5y)16.4%
ROIC(3y)10.5%
ROIC(5y)8.96%
ROICexc(3y)10.99%
ROICexc(5y)9.26%
ROICexgc(3y)11.84%
ROICexgc(5y)9.95%
ROCE(3y)13.66%
ROCE(5y)11.65%
ROICexcg growth 3Y32.36%
ROICexcg growth 5Y32.4%
ROICexc growth 3Y32.2%
ROICexc growth 5Y32.42%
OM growth 3Y2.73%
OM growth 5Y10.27%
PM growth 3Y5.82%
PM growth 5Y5.98%
GM growth 3Y-5.85%
GM growth 5Y-2.33%
F-Score6
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 1.35 | ||
| Debt/EBITDA | 0.81 | ||
| Cap/Depr | 88.09% | ||
| Cap/Sales | 16.37% | ||
| Interest Coverage | 23.36 | ||
| Cash Conversion | 115.08% | ||
| Profit Quality | 131.48% | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 2.18 |
F-Score6
WACC6.19%
ROIC/WACC1.23
Cap/Depr(3y)209.62%
Cap/Depr(5y)182.96%
Cap/Sales(3y)13.94%
Cap/Sales(5y)13.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-36.48%
EPS 3Y53.1%
EPS 5Y39.23%
EPS Q2Q%-31.36%
EPS Next Y-25.6%
EPS Next 2Y-18.88%
EPS Next 3Y-20.76%
EPS Next 5Y-12.56%
Revenue 1Y (TTM)-48.1%
Revenue growth 3Y44.69%
Revenue growth 5Y31.37%
Sales Q2Q%-37.32%
Revenue Next Year-40.15%
Revenue Next 2Y-23%
Revenue Next 3Y-19.51%
Revenue Next 5Y-13.85%
EBIT growth 1Y-61.76%
EBIT growth 3Y48.64%
EBIT growth 5Y44.86%
EBIT Next Year-15.25%
EBIT Next 3Y-13.82%
EBIT Next 5Y-7.65%
FCF growth 1Y630.2%
FCF growth 3Y85.23%
FCF growth 5Y58.48%
OCF growth 1Y360.57%
OCF growth 3Y62.61%
OCF growth 5Y50.24%