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EnBW Energie Baden-Württemberg

DB:EBK
Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EBK
DB
€12B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

EnBW Energie Baden-Württemberg AG operates as an integrated energy company in Germany, rest of Europe, and internationally. The last earnings update was 5 days ago. More info.


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  • EnBW Energie Baden-Württemberg has significant price volatility in the past 3 months.
EBK Share Price and Events
7 Day Returns
1.3%
DB:EBK
7.9%
Europe Electric Utilities
9.9%
DE Market
1 Year Returns
53.8%
DB:EBK
-1.3%
Europe Electric Utilities
-17.5%
DE Market
EBK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EnBW Energie Baden-Württemberg (EBK) 1.3% 6.6% -2.8% 53.8% 120.9% 90.4%
Europe Electric Utilities 7.9% -16.2% -12.7% -1.3% 21% -1.3%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • EBK outperformed the Electric Utilities industry which returned -1.3% over the past year.
  • EBK outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
EBK
Industry
5yr Volatility vs Market
Related Companies

EBK Value

 Is EnBW Energie Baden-Württemberg 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 EnBW Energie Baden-Württemberg 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 EnBW Energie Baden-Württemberg.

DB:EBK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € .700000
Payout Ratio Company Filings (2019-12-31) 4782.1%
Discount Rate (Cost of Equity) See below 4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:EBK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.25
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.254 (1 + (1- 30%) (72.62%))
0.587
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)
= -0.39% + (0.8 * 5.44%)
3.96%

Discounted Cash Flow Calculation for DB:EBK using Dividend Discount Model Model

The calculations below outline how an intrinsic value for EnBW Energie Baden-Württemberg is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:EBK Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.7 / (3.96% - -0.39%)
€17.35
DB:EBK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EBK represents 1.03846x of XTRA:EBK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.03846x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 16.08 x 1.03846
€16.70
Value per share (EUR) From above. €16.70
Current discount Discount to share price of €48.60
= -1 x (€48.60 - €16.70) / €16.70
-191%

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

  • The current share price of EnBW Energie Baden-Württemberg is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 EnBW Energie Baden-Württemberg's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EnBW Energie Baden-Württemberg's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EBK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €2.71
XTRA:EBK Share Price ** XTRA (2020-03-31) in EUR €46.8
Europe Electric Utilities Industry PE Ratio Median Figure of 76 Publicly-Listed Electric Utilities Companies 10.21x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of EnBW Energie Baden-Württemberg.

DB:EBK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:EBK Share Price ÷ EPS (both in EUR)

= 46.8 ÷ 2.71

17.27x

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

  • EnBW Energie Baden-Württemberg is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • EnBW Energie Baden-Württemberg is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does EnBW Energie Baden-Württemberg's expected growth come at a high price?
Raw Data
DB:EBK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Electric Utilities Industry PEG Ratio Median Figure of 37 Publicly-Listed Electric Utilities Companies 1.63x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*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 EnBW Energie Baden-Württemberg, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on EnBW Energie Baden-Württemberg's assets?
Raw Data
DB:EBK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €14.57
XTRA:EBK Share Price * XTRA (2020-03-31) in EUR €46.8
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.76x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:EBK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:EBK Share Price ÷ Book Value per Share (both in EUR)

= 46.8 ÷ 14.57

3.21x

* Primary Listing of EnBW Energie Baden-Württemberg.

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

  • EnBW Energie Baden-Württemberg is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess EnBW Energie Baden-Württemberg'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 Electric 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. EnBW Energie Baden-Württemberg has a total score of 0/6, 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.

EBK Future Performance

 How is EnBW Energie Baden-Württemberg expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as EnBW Energie Baden-Württemberg has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
9.5%
Expected Electric Utilities industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EnBW Energie Baden-Württemberg expected to grow at an attractive rate?
  • Unable to compare EnBW Energie Baden-Württemberg's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare EnBW Energie Baden-Württemberg's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare EnBW Energie Baden-Württemberg's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:EBK Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:EBK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EBK Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 18,913 707 734
2019-09-30 20,271 436 154
2019-06-30 20,813 525 274
2019-03-31 21,461 450 471
2018-12-31 20,918 828 334
2018-09-30 21,620 913 654
2018-06-30 21,875 -3,258 721
2018-03-31 22,871 -1,432 1,811
2017-12-31 22,109 -1,696 2,054
2017-09-30 20,548 -1,647 264
2017-06-30 20,152 2,724 76
2017-03-31 19,464 767 -1,468

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if EnBW Energie Baden-Württemberg is high growth as no earnings estimate data is available.
  • Unable to determine if EnBW Energie Baden-Württemberg is high growth as no revenue estimate data is available.
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
DB:EBK 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 0 Analyst Estimates (S&P Global) See Below

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

DB:EBK Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 2.71
2019-09-30 0.57
2019-06-30 1.01
2019-03-31 1.74
2018-12-31 1.23
2018-09-30 2.41
2018-06-30 2.66
2018-03-31 6.69
2017-12-31 7.58
2017-09-30 0.97
2017-06-30 0.28
2017-03-31 -5.42

*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.
  • Unable to establish if EnBW Energie Baden-Württemberg will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out EnBW Energie Baden-Württemberg's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. EnBW Energie Baden-Württemberg's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Utilities companies here
  3. EnBW Energie Baden-Württemberg's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess EnBW Energie Baden-Württemberg'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
EnBW Energie Baden-Württemberg has a total score of 0/6, 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.

EBK Past Performance

  How has EnBW Energie Baden-Württemberg 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 EnBW Energie Baden-Württemberg's growth in the last year to its industry (Electric 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.
  • EnBW Energie Baden-Württemberg has delivered over 20% year on year earnings growth in the past 5 years.
  • EnBW Energie Baden-Württemberg's 1-year earnings growth exceeds its 5-year average (119.7% vs 22.2%)
  • EnBW Energie Baden-Württemberg's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (119.7% vs 7.2%).
Earnings and Revenue History
EnBW Energie Baden-Württemberg'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 EnBW Energie Baden-Württemberg Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EBK Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 18,913.10 734.20 2,261.10
2019-09-30 20,271.40 153.80 2,222.50
2019-06-30 20,813.00 274.20 2,181.40
2019-03-31 21,460.60 470.50 2,155.00
2018-12-31 20,917.50 334.20 2,135.70
2018-09-30 21,619.60 654.10 2,087.90
2018-06-30 21,875.10 721.00 2,063.70
2018-03-31 22,871.30 1,811.00 2,059.00
2017-12-31 22,108.90 2,054.10 2,028.20
2017-09-30 20,548.40 264.00 1,933.80
2017-06-30 20,151.60 76.30 1,921.90
2017-03-31 19,463.60 -1,467.60 1,907.80
2016-12-31 19,486.90 -1,797.20 1,922.00
2016-09-30 20,222.20 -745.10 1,915.00
2016-06-30 20,162.00 -1,092.50 1,848.90
2016-03-31 20,562.20 -474.90 1,866.40
2015-12-31 21,259.90 158.20 1,890.30
2015-09-30 20,938.80 1,015.50 1,792.90
2015-06-30 21,611.00 1,325.70 1,880.70
2015-03-31 21,340.70 -76.50 1,894.80
2014-12-31 21,080.50 -465.90 1,897.40
2014-09-30 20,474.40 -953.70 1,856.30
2014-06-30 20,397.60 -874.60 1,858.90
2014-03-31 20,477.20 -97.30 1,843.40
2013-12-31 20,600.80 51.00 1,849.00
2013-09-30 20,660.40 153.50 1,896.60
2013-06-30 20,320.50 129.70 1,906.40

*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.
  • EnBW Energie Baden-Württemberg has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • EnBW Energie Baden-Württemberg used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • EnBW Energie Baden-Württemberg has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess EnBW Energie Baden-Württemberg'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 Electric 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.
EnBW Energie Baden-Württemberg has a total score of 4/6, 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.

EBK Health

 How is EnBW Energie Baden-Württemberg'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 EnBW Energie Baden-Württemberg's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EnBW Energie Baden-Württemberg is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • EnBW Energie Baden-Württemberg's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of EnBW Energie Baden-Württemberg'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x 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 EnBW Energie Baden-Württemberg Company Filings, last reported 3 months ago.

DB:EBK Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7,445.10 8,190.90 1,812.40
2019-09-30 5,380.40 8,334.40 2,212.40
2019-06-30 5,769.30 7,886.80 2,269.90
2019-03-31 6,418.10 7,172.20 2,949.30
2018-12-31 6,273.30 6,896.40 3,024.10
2018-09-30 6,604.80 7,111.50 3,362.90
2018-06-30 6,467.30 7,287.10 3,483.10
2018-03-31 6,568.90 7,185.30 4,186.00
2017-12-31 5,862.90 7,155.10 3,801.40
2017-09-30 5,651.00 7,163.70 4,060.80
2017-06-30 5,500.90 7,248.80 8,184.10
2017-03-31 3,801.70 7,887.90 7,022.70
2016-12-31 3,216.20 7,896.00 6,381.10
2016-09-30 3,817.10 7,472.10 4,260.90
2016-06-30 3,806.90 7,485.50 3,821.90
2016-03-31 4,734.80 7,514.30 5,045.60
2015-12-31 5,123.20 7,536.20 4,701.30
2015-09-30 4,819.80 7,588.80 3,848.20
2015-06-30 5,334.90 8,180.40 4,337.40
2015-03-31 4,405.20 8,228.50 4,228.40
2014-12-31 4,545.60 8,161.70 3,789.40
2014-09-30 4,354.50 8,133.40 4,059.60
2014-06-30 4,743.00 8,102.80 4,276.20
2014-03-31 6,147.30 7,479.50 4,756.50
2013-12-31 6,082.70 5,580.30 2,979.50
2013-09-30 6,291.60 6,588.70 3,882.10
2013-06-30 6,110.30 6,490.70 3,411.10
  • EnBW Energie Baden-Württemberg's level of debt (110%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (179.6% vs 110% today).
  • Debt is not well covered by operating cash flow (8.6%, less than 20% of total debt).
  • EnBW Energie Baden-Württemberg earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess EnBW Energie Baden-Württemberg'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. EnBW Energie Baden-Württemberg has a total score of 3/6, 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.

EBK Dividends

 What is EnBW Energie Baden-Württemberg'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
1.5%
Current annual income from EnBW Energie Baden-Württemberg dividends.
If you bought €2,000 of EnBW Energie Baden-Württemberg shares you are expected to receive €30 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?
  • EnBW Energie Baden-Württemberg's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • EnBW Energie Baden-Württemberg's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
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
DB:EBK 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 0 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 50 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:EBK Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-26 0.700 1.553
2019-03-28 0.650 1.717
2018-03-22 0.500 1.636
2017-11-10 0.000 0.000
2017-07-27 0.000 0.000
2017-05-16 0.000 0.000
2017-03-28 0.000 0.000
2016-03-30 0.550 2.630
2015-03-17 0.690 2.987
2014-02-13 0.690 2.598
2014-01-15 0.690 2.565
2013-02-07 0.850 2.994
2013-01-15 0.850 2.774
2012-07-26 0.850 2.671
2012-02-15 0.850 2.569
2011-02-24 1.530 4.099
2011-02-08 1.530 3.707
2010-03-25 1.530 4.012
2010-02-09 1.530 4.029

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 EnBW Energie Baden-Württemberg's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess EnBW Energie Baden-Württemberg's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 EnBW Energie Baden-Württemberg afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EnBW Energie Baden-Württemberg has a total score of 1/6, see the detailed checks below.


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

EBK Management

 What is the CEO of EnBW Energie Baden-Württemberg'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
Frank Mastiaux
COMPENSATION €3,289,749
AGE 55
TENURE AS CEO 7.4 years
CEO Bio

Dr. Frank Mastiaux has been the Chairman of Management Board and Chief Executive Officer at EnBW Energie Baden-Württemberg AG since October 01, 2012 and has been its Member of Management Board since October 01, 2012. Dr. Mastiaux served as the Chief Executive Officer of E.ON Climate & Renewables GmbH of E.ON AG from 2007 to 2010 and also served as Chief Executive Officer of E.ON Climate & Renewables UK Operations Ltd. Dr. Mastiaux served as Managing Director of Aral Mineralölvertrieb GmbH, a subsidiary of Aral Aktiengesellschaft. He served as an Head of Future Renewables and Climate Protection Business of E.ON AG since October 2007. He is responsible for the global liquefied petroleum gas business at BP in London. He served as Chief Executive Officer of BP Global LPG Business. He is experienced in Managing Global and Large Scale Organizations and has 15 years in Energy Industry. He was Assistant to the Chief Executive Officer at Veba Oel AG, Gelsenkirchen from 1993 to 1999; Business Development Manager of CITGO Petroleum in Tulsa, Oklahoma, USA from 1998 to 1999; Division Head of procurement and sales at Veba Oel since 1999; General manager of ARAL Mineralöl-Vertrieb GmbH since 2000; General manager for marketing strategy and planning as well as market research for the entire BP group in London from 2001 to 2005; and Chief Executive Officer of E.ON International Energy from November 2010 to April 2012. He served as the Second Deputy Chairperson of Supervisory Board at EWE Aktiengesellschaft since October 29, 2012 until May 18, 2017. Dr. Mastiaux serves as a Director of E.ON Climate & Renewables GmbH. He serves as Member of Advisory Board of Baden-Württembergische Bank AG. He has been a Member of Advisory Board at Landesbank Baden-Wuerttemberg since January 01, 2014. He holds PhD in Chemistry in 1993.

CEO Compensation
  • Frank's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Frank's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the EnBW Energie Baden-Württemberg management team in years:

8.1
Average Tenure
56.5
Average Age
  • The average tenure for the EnBW Energie Baden-Württemberg management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Frank Mastiaux

TITLE
Chairman of the Management Board & CEO
COMPENSATION
€3M
AGE
55
TENURE
7.4 yrs

Thomas Kusterer

TITLE
CFO & Member of the Management Board
COMPENSATION
€2M
AGE
51
TENURE
8.8 yrs

Hans-Josef Zimmer

TITLE
CTO & Member of the Management Board
COMPENSATION
€2M
AGE
61
TENURE
12.4 yrs

Bernd-Michael Zinow

TITLE
Head of Legal Svcs
COMPENSATION
€79K

Colette Rückert-Hennen

TITLE
Chief Human Resources & Member of the Management Board
AGE
58
TENURE
1.2 yrs

Ingo Voigt

TITLE
Head of Finance
AGE
52

Timo Sillober

TITLE
Head of Sales

Heinz Dürr

TITLE
Deputy Chairman of Advisory Board
AGE
86

Marc Burgstahler

TITLE
Head of Electromobility

Amadeus Regerbis

TITLE
Head of Charging Infrastructure for Electromobility
Board of Directors Tenure

Average tenure and age of the EnBW Energie Baden-Württemberg board of directors in years:

13.8
Average Tenure
71
Average Age
  • The average tenure for the EnBW Energie Baden-Württemberg board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Lutz Feldmann

TITLE
Chairman of Supervisory Board
COMPENSATION
€111K
AGE
62
TENURE
3.8 yrs

Dietrich Herd

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€94K
TENURE
13.8 yrs

Bernd-Michael Zinow

TITLE
Head of Legal Svcs
COMPENSATION
€79K
TENURE
13.8 yrs

Heinz Dürr

TITLE
Deputy Chairman of Advisory Board
AGE
86

Wolfgang Schürle

TITLE
Chairman of Advisory Board
COMPENSATION
€22K
TENURE
14.3 yrs

Gunda Röstel

TITLE
Member of Supervisory Board
COMPENSATION
€76K
TENURE
8.8 yrs

Matthias Wissmann

TITLE
Member of Advisory Board
AGE
70

Hartmut Weule

TITLE
Member of Advisory Board

Theo Waigel

TITLE
Member of Advisory Board
AGE
80

Med Schuster

TITLE
Member of Advisory Board
AGE
71
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess EnBW Energie Baden-Württemberg'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. EnBW Energie Baden-Württemberg 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.

EBK News

Simply Wall St News

How Should Investors React To EnBW Energie Baden-Württemberg AG's (FRA:EBK) CEO Pay?

View our latest analysis for EnBW Energie Baden-Württemberg How Does Frank Mastiaux's Compensation Compare With Similar Sized Companies? … Our data indicates that EnBW Energie Baden-Württemberg AG is worth €8.2b, and total annual CEO compensation is €3.3m. … I think that the total shareholder return of 54%, over three years, would leave most EnBW Energie Baden-Württemberg AG shareholders smiling.

Simply Wall St -

Is EnBW Energie Baden-Württemberg AG's (FRA:EBK) 2.2% Dividend Worth Your Time?

Today we'll take a closer look at EnBW Energie Baden-Württemberg AG (FRA:EBK) from a dividend investor's perspective. … Unfortunately, while EnBW Energie Baden-Württemberg pays a dividend, it also reported negative free cash flow last year. … In sum, we find it hard to get excited about EnBW Energie Baden-Württemberg from a dividend perspective.

Simply Wall St -

Should You Be Tempted To Sell EnBW Energie Baden-Württemberg AG (FRA:EBK) Because Of Its P/E Ratio?

We'll look at EnBW Energie Baden-Württemberg AG's (FRA:EBK) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for EnBW Energie Baden-Württemberg: P/E of 18.65 = €32.4 ÷ €1.74 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … EnBW Energie Baden-Württemberg saw earnings per share decrease by 74% last year.

Simply Wall St -

EnBW Energie Baden-Württemberg AG (FRA:EBK): Time For A Financial Health Check

Check out our latest analysis for EnBW Energie Baden-Württemberg Does EBK Produce Much Cash Relative To Its Debt? … Moreover, EBK has generated cash from operations of €450m in the last twelve months, leading to an operating cash to total debt ratio of 6.3%, signalling that EBK’s operating cash is less than its debt. … Next Steps: EBK’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Shareholders Should Look Hard At EnBW Energie Baden-Württemberg AG’s (FRA:EBK) 2.3% Return On Capital

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for EnBW Energie Baden-Württemberg: 0.023 = €676m ÷ (€40b - €11b) (Based on the trailing twelve months to March 2019.) Therefore, EnBW Energie Baden-Württemberg has an ROCE of 2.3%. … Do EnBW Energie Baden-Württemberg's Current Liabilities Skew Its ROCE? … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

What Investors Should Know About EnBW Energie Baden-Württemberg AG's (FRA:EBK) Financial Strength

The size of EnBW Energie Baden-Württemberg AG (FRA:EBK), a €8.7b large-cap, often attracts investors seeking a reliable investment in the stock market. … This article will examine EnBW Energie Baden-Württemberg’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … See our latest analysis for EnBW Energie Baden-Württemberg

Simply Wall St -

The EnBW Energie Baden-Württemberg (FRA:EBK) Share Price Is Up 36% And Shareholders Are Holding On

For example, the EnBW Energie Baden-Württemberg AG (FRA:EBK) share price is up 36% in the last three years, clearly besting than the market return of around 9.8% (not including dividends). … Over the last three years, EnBW Energie Baden-Württemberg failed to grow earnings per share, which fell 14% (annualized). … It may well be that EnBW Energie Baden-Württemberg revenue growth rate of 5.0% over three years has convinced shareholders to believe in a brighter future.

Simply Wall St -

Is EnBW Energie Baden-Württemberg AG's (FRA:EBK) CEO Paid At A Competitive Rate?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Frank Mastiaux's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that EnBW Energie Baden-Württemberg AG has a market cap of €8.5b, and is paying total annual CEO compensation of €3.3m.

Simply Wall St -

Investors In EnBW Energie Baden-Württemberg AG (FRA:EBK) Should Consider This Data

Historically, EnBW Energie Baden-Württemberg AG (FRA:EBK) has paid dividends to shareholders, and these days it yields 1.6%. … Does EnBW Energie Baden-Württemberg tick all the boxes of a great dividend stock? … Check out our latest analysis for EnBW Energie Baden-Württemberg

Simply Wall St -

Is EnBW Energie Baden-Württemberg AG's (FRA:EBK) ROE Of 12% Impressive?

To keep the lesson grounded in practicality, we'll use ROE to better understand EnBW Energie Baden-Württemberg AG (FRA:EBK). … Over the last twelve months EnBW Energie Baden-Württemberg has recorded a ROE of 12%. … View our latest analysis for EnBW Energie Baden-Württemberg?

Simply Wall St -

EBK Company Info

Description

EnBW Energie Baden-Württemberg AG operates as an integrated energy company in Germany, rest of Europe, and internationally. It operates through four segments: Sales, Grids, Renewable Energies, and Generation and Trading. The Sales segment sells electricity and gas; and provides energy industry services, such as billing services, energy supply and energy saving contracting, and new energy solutions. The Grids segment transmits and distributes electricity and gas; offers grid-related services; and supplies water. The Renewable Energies segment generates power from renewable energy sources consisting of hydro, wind, biogas, and solar power plants. The Generation and Trading segment advises, constructs, operates, and dismantles thermal power plants; stores gas; provides system services for the operators of transmission grids and waste management/environmental services; and operates reserve power plants. It generates electricity and heat through coal, gas, pumped storage, and nuclear power plants. This segment is also involved in the electricity and gas trading, gas midstream, and district heating businesses; and direct distribution of renewable energy power plants. The company supplies energy solutions and energy industry services to approximately 5.5 million customers. It primarily operates under the EnBW, Yello, NaturEnergiePlus, GVS, Erdgas Südwest, ODR, ZEAG, NaturEnergie, Pražská energetika, Stadtwerke Düsseldorf, VNG, and goldgas brands. The company serves retail customers, small commercial enterprises, the housing industry and agriculture industries, and commercial enterprises and industrial customers, as well as redistributors, municipal utilities, local authorities, and public entities. EnBW Energie Baden-Württemberg AG was founded in 1997 and is headquartered in Karlsruhe, Germany.

Details
Name: EnBW Energie Baden-Württemberg AG
EBK
Exchange: DB
Founded: 1997
€12,242,647,220
270,855,027
Website: http://www.enbw.com
Address: EnBW Energie Baden-Württemberg AG
Durlacher Allee 93,
Karlsruhe,
Baden-Württemberg, 76131,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA EBK Bearer Shares XETRA Trading Platform DE EUR 03. Nov 1997
DB EBK Bearer Shares Deutsche Boerse AG DE EUR 03. Nov 1997
LSE 0IHQ Bearer Shares London Stock Exchange GB EUR 03. Nov 1997
Number of employees
Current staff
Staff numbers
21,843
EnBW Energie Baden-Württemberg employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:18
End of day share price update: 2020/03/31 00:00
Last earnings filing: 2020/03/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.