VERBUND AG (OEWA.DE) Stock Fundamental Analysis
FRA:OEWA - Deutsche Boerse Ag - AT0000746409 - Common Stock - Currency: EUR
Overall OEWA gets a fundamental rating of 6 out of 10. We evaluated OEWA against 15 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
In the past year OEWA was profitable.
OEWA had a positive operating cash flow in the past year.
In the past 5 years OEWA has always been profitable.
Each year in the past 5 years OEWA had a positive operating cash flow.
1.2 Ratios
OEWA has a Return On Assets of 8.88%. This is amongst the best in the industry. OEWA outperforms 100.00% of its industry peers.
Looking at the Return On Equity, with a value of 17.27%, OEWA is in line with its industry, outperforming 56.25% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.59%, OEWA is in line with its industry, outperforming 56.25% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for OEWA is in line with the industry average of 8.70%.
| 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 93.75% of its industry peers.
In the last couple of years the Profit Margin of OEWA has grown nicely.
The Operating Margin of OEWA (25.06%) is better than 87.50% of its industry peers.
OEWA's Operating Margin has improved in the last couple of years.
OEWA has a Gross Margin of 53.07%. This is in the better half of the industry: OEWA outperforms 75.00% of its industry peers.
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
OEWA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
OEWA has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for OEWA remains at a similar level compared to 5 years ago.
OEWA has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.14 indicates that OEWA is not a great score, but indicates only limited risk for bankruptcy at the moment.
OEWA has a better Altman-Z score (2.14) than 87.50% of its industry peers.
The Debt to FCF ratio of OEWA is 1.35, which is an excellent value as it means it would take OEWA, only 1.35 years of fcf income to pay off all of its debts.
OEWA's Debt to FCF ratio of 1.35 is amongst the best of the industry. OEWA outperforms 93.75% of its industry peers.
A Debt/Equity ratio of 0.24 indicates that OEWA is not too dependend on debt financing.
OEWA has a better Debt to Equity ratio (0.24) than 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 1.35 | ||
| Altman-Z | 2.14 |
ROIC/WACC1.24
WACC6.14%
2.3 Liquidity
OEWA has a Current Ratio of 1.25. This is a normal value and indicates that OEWA is financially healthy and should not expect problems in meeting its short term obligations.
OEWA has a better Current ratio (1.25) than 87.50% of its industry peers.
A Quick Ratio of 1.19 indicates that OEWA should not have too much problems paying its short term obligations.
OEWA has a better Quick ratio (1.19) than 87.50% of its industry peers.
| 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.
The Earnings Per Share has been growing by 39.23% on average over the past years. This is a very strong growth
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
The Earnings Per Share is expected to decrease by -12.56% on average over the next years. This is quite bad
Based on estimates for the next years, OEWA will show a very negative growth in Revenue. The Revenue will decrease by -13.85% on average per year.
EPS Next Y-25.29%
EPS Next 2Y-18.59%
EPS Next 3Y-20.47%
EPS Next 5Y-12.56%
Revenue Next Year-36.92%
Revenue Next 2Y-21.51%
Revenue Next 3Y-18.11%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.66, OEWA is valued correctly.
OEWA's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 29.35, OEWA is valued rather cheaply.
OEWA is valuated correctly with a Price/Forward Earnings ratio of 15.11.
OEWA's Price/Forward Earnings is on the same level as the industry average.
OEWA's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.66 | ||
| Fwd PE | 15.11 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, OEWA is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
93.75% of the companies in the same industry are more expensive than OEWA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.46 | ||
| EV/EBITDA | 5.02 |
4.3 Compensation for Growth
OEWA has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as OEWA's earnings are expected to decrease with -20.47% in the coming years.
PEG (NY)N/A
PEG (5Y)0.37
EPS Next 2Y-18.59%
EPS Next 3Y-20.47%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.31%, OEWA is a good candidate for dividend investing.
OEWA's Dividend Yield is comparable with the industry average which is at 4.71.
OEWA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.31% |
5.2 History
On average, the dividend of OEWA grows each year by 60.49%, which is quite nice.
Dividend Growth(5Y)60.49%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
116.21% of the earnings are spent on dividend by OEWA. 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-18.59%
EPS Next 3Y-20.47%
FRA:OEWA (3/7/2025, 7:00:00 PM)
70.5
+0.3 (+0.43%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners13.62%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap12.00B
Analysts42.22
Price Target68.77 (-2.45%)
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)-3%
PT rev (3m)-2.19%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.4%
EPS NY rev (3m)6.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)5.41%
Revenue NY rev (3m)3.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.66 | ||
| Fwd PE | 15.11 | ||
| P/S | 1.85 | ||
| P/FCF | 5.46 | ||
| P/OCF | 3.68 | ||
| P/B | 1.24 | ||
| P/tB | 1.38 | ||
| EV/EBITDA | 5.02 |
EPS(TTM)4.81
EY6.82%
EPS(NY)4.67
Fwd EY6.62%
FCF(TTM)12.92
FCFY18.32%
OCF(TTM)19.17
OCFY27.18%
SpS38.17
BVpS56.91
TBVpS51.02
PEG (NY)N/A
PEG (5Y)0.37
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 | 2.14 |
F-Score6
WACC6.14%
ROIC/WACC1.24
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-25.29%
EPS Next 2Y-18.59%
EPS Next 3Y-20.47%
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-36.92%
Revenue Next 2Y-21.51%
Revenue Next 3Y-18.11%
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%