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VERBUND

DB:OEWA
Snowflake Description

Solid track record with adequate balance sheet.

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

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchanges, traders, energy utilities and industrial companies, and households and commercial customers in Austria and internationally. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • VERBUND has significant price volatility in the past 3 months.
OEWA Share Price and Events
7 Day Returns
15.1%
DB:OEWA
0.7%
Europe Electric Utilities
2.1%
DE Market
1 Year Returns
-10.6%
DB:OEWA
-0.5%
Europe Electric Utilities
-16.6%
DE Market
OEWA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VERBUND (OEWA) 15.1% -9.3% -9.5% -10.6% 143% 146.5%
Europe Electric Utilities 0.7% -17.1% -11.1% -0.5% 22.1% -2%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • OEWA underperformed the Electric Utilities industry which returned -0.5% over the past year.
  • OEWA outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
OEWA
Industry
5yr Volatility vs Market
Related Companies

Value

 Is VERBUND 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 VERBUND 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 VERBUND.

DB:OEWA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.4%
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:OEWA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.9%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.272 (1 + (1- 25%) (12.63%))
0.529
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 * 5.94%)
4.36%

Discounted Cash Flow Calculation for DB:OEWA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for VERBUND 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:OEWA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 4.36%)
2020 489.57 Analyst x9 469.10
2021 518.75 Analyst x8 476.29
2022 474.27 Analyst x3 417.25
2023 835.60 Analyst x3 704.42
2024 958.10 Analyst x2 773.92
2025 1,041.08 Est @ 8.66% 805.80
2026 1,102.97 Est @ 5.95% 818.03
2027 1,147.59 Est @ 4.04% 815.54
2028 1,178.73 Est @ 2.71% 802.67
2029 1,199.75 Est @ 1.78% 782.83
Present value of next 10 years cash flows €6,865.00
DB:OEWA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1,199.75 × (1 + -0.39%) ÷ (4.36% – -0.39%)
€25,148.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €25,148.83 ÷ (1 + 4.36%)10
€16,409.45
DB:OEWA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €6,865.00 + €16,409.45
€23,274.45
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €23,274.45 / 347.42
€66.99
DB:OEWA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OEWA represents 1.00051x of WBAG:VER
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00051x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 66.99 x 1.00051
€67.03
Value per share (EUR) From above. €67.03
Current discount Discount to share price of €39.10
= -1 x (€39.10 - €67.03) / €67.03
41.7%

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

Current Discount
Amount off the current price VERBUND is available for.
Intrinsic value
42%
Share price is €39.1 vs Future cash flow value of €67.03
Current Discount Checks
For VERBUND to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • VERBUND's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • VERBUND'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 VERBUND's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VERBUND's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OEWA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.60
WBAG:VER Share Price ** WBAG (2020-04-07) in EUR €39.08
Europe Electric Utilities Industry PE Ratio Median Figure of 74 Publicly-Listed Electric Utilities Companies 10.45x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of VERBUND.

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

= WBAG:VER Share Price ÷ EPS (both in EUR)

= 39.08 ÷ 1.60

24.47x

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

  • VERBUND is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • VERBUND is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does VERBUND's expected growth come at a high price?
Raw Data
DB:OEWA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
9.6%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 35 Publicly-Listed Electric Utilities Companies 1.6x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:OEWA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.47x ÷ 9.6%

2.56x

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

  • VERBUND is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on VERBUND's assets?
Raw Data
DB:OEWA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €16.95
WBAG:VER Share Price * WBAG (2020-04-07) in EUR €39.08
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.78x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:OEWA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:VER Share Price ÷ Book Value per Share (both in EUR)

= 39.08 ÷ 16.95

2.31x

* Primary Listing of VERBUND.

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

  • VERBUND is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess VERBUND'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. VERBUND has a total score of 2/6, 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 VERBUND expected to perform in the next 1 to 3 years based on estimates from 9 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
9.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VERBUND expected to grow at an attractive rate?
  • VERBUND's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • VERBUND's earnings growth is positive but not above the Germany market average.
  • VERBUND's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OEWA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OEWA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 9.6%
DB:OEWA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.9%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:OEWA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OEWA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 4,576 1,553 1,034 2
2023-12-31 4,717 1,395 813 3
2022-12-31 4,395 1,217 736 6
2021-12-31 4,105 1,144 656 8
2020-12-31 4,031 1,132 620 7
2020-04-07
DB:OEWA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 3,906 1,204 555
2019-09-30 3,438 1,016 601
2019-06-30 3,317 875 544
2019-03-31 3,070 745 490
2018-12-31 2,680 664 433
2018-09-30 2,835 699 315
2018-06-30 2,813 735 374
2018-03-31 2,854 786 330
2017-12-31 2,916 641 301
2017-09-30 2,845 631 354
2017-06-30 2,822 713 425
2017-03-31 2,810 692 436

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • VERBUND's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
  • VERBUND's revenue is expected to grow by 3.9% 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
DB:OEWA 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 9 Analyst Estimates (S&P Global) See Below

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

DB:OEWA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.98 2.98 2.98 1.00
2023-12-31 2.34 3.06 1.97 4.00
2022-12-31 2.02 2.88 1.49 7.00
2021-12-31 1.85 2.25 1.33 9.00
2020-12-31 1.79 1.96 1.61 7.00
2020-04-07
DB:OEWA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.60
2019-09-30 1.74
2019-06-30 1.57
2019-03-31
2018-12-31 1.25
2018-09-30 0.90
2018-06-30 1.08
2018-03-31 0.95
2017-12-31 0.87
2017-09-30 1.02
2017-06-30 1.22
2017-03-31 1.25

*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.
  • VERBUND is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess VERBUND'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.
VERBUND has a total score of 1/6, 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 VERBUND 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 VERBUND'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.
  • VERBUND has delivered over 20% year on year earnings growth in the past 5 years.
  • VERBUND's 1-year earnings growth exceeds its 5-year average (28.1% vs 23.2%)
  • VERBUND's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (28.1% vs 9.7%).
Earnings and Revenue History
VERBUND'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 VERBUND Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OEWA 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 3,905.72 554.82 347.83
2019-09-30 3,437.72 601.28 352.73
2019-06-30 3,316.82 543.88 350.63
2019-03-31 3,069.52 489.68 349.93
2018-12-31 2,680.17 433.18 337.83
2018-09-30 2,834.85 314.74 341.22
2018-06-30 2,812.55 374.44 339.32
2018-03-31 2,854.05 329.54 333.92
2017-12-31 2,915.75 301.44 336.72
2017-09-30 2,844.96 354.02 323.02
2017-06-30 2,822.06 425.02 334.82
2017-03-31 2,810.06 435.52 335.72
2016-12-31 2,806.26 424.42 336.62
2016-09-30 2,998.85 318.94 353.04
2016-06-30 3,037.65 165.34 341.74
2016-03-31 3,102.75 226.74 353.64
2015-12-31 2,982.45 207.74 356.04
2015-09-30 2,902.08 292.76 378.72
2015-06-30 2,873.58 208.66 389.42
2015-03-31 2,918.98 113.46 406.02
2014-12-31 2,874.98 101.06 417.92
2014-09-30 2,907.33 80.95 475.09
2014-06-30 2,989.73 213.35 474.89
2014-03-31 2,998.53 905.75 463.69
2013-12-31 3,185.83 943.85 451.49
2013-09-30 3,225.92 956.21 385.66
2013-06-30 3,202.22 994.21 382.76

*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.
  • VERBUND has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • VERBUND used its assets more efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • VERBUND has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess VERBUND'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.
VERBUND has a total score of 5/6, 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 VERBUND'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 VERBUND's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VERBUND's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • VERBUND's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of VERBUND'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 not covered by short term assets, assets are 0.7x 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 VERBUND Company Filings, last reported 3 months ago.

DB:OEWA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 6,568.01 1,128.18 44.64
2019-09-30 6,382.60 1,725.40 129.60
2019-06-30 6,236.00 2,227.10 212.40
2019-03-31 6,293.50 2,223.50 177.40
2018-12-31 5,941.02 1,808.26 108.65
2018-09-30 5,692.90 2,360.10 119.90
2018-06-30 5,728.70 2,378.40 92.30
2018-03-31 5,865.40 2,270.00 75.40
2017-12-31 5,690.83 1,949.85 28.59
2017-09-30 5,690.70 2,457.60 13.00
2017-06-30 5,625.60 2,538.00 15.60
2017-03-31 5,691.40 2,654.80 59.30
2016-12-31 5,529.50 2,257.48 27.96
2016-09-30 5,544.50 2,861.20 18.10
2016-06-30 5,404.70 3,066.20 77.40
2016-03-31 5,584.80 2,971.10 70.40
2015-12-31 5,433.32 2,682.00 28.89
2015-09-30 5,376.40 3,156.00 64.90
2015-06-30 5,317.50 3,239.50 55.90
2015-03-31 5,361.90 3,733.90 247.90
2014-12-31 5,280.45 3,322.85 41.68
2014-09-30 5,214.50 3,671.50 189.40
2014-06-30 5,221.30 3,631.50 30.20
2014-03-31 5,633.70 4,153.60 196.30
2013-12-31 5,552.89 3,686.07 83.34
2013-09-30 5,476.10 3,571.50 48.20
2013-06-30 5,429.20 3,664.90 65.90
  • VERBUND's level of debt (17.2%) 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 (62.9% vs 17.2% today).
  • Debt is well covered by operating cash flow (106.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 24.4x coverage).
X
Financial health checks
We assess VERBUND'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. VERBUND has a total score of 4/6, 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 VERBUND'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
1.77%
Current annual income from VERBUND dividends. Estimated to be 2.48% next year.
If you bought €2,000 of VERBUND shares you are expected to receive €35 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?
  • VERBUND's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • VERBUND's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Upcoming dividend payment

Purchase VERBUND before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:OEWA 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 9 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:OEWA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 2.14 1.00
2023-12-31 1.35 4.00
2022-12-31 0.98 9.00
2021-12-31 0.85 10.00
2020-12-31 0.79 9.00
2020-04-07
DB:OEWA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-18 0.690 2.038
2019-03-13 0.420 0.903
2018-03-15 0.420 1.259
2018-03-14 0.420 1.817
2017-03-08 0.290 1.569
2016-03-09 0.350 2.595
2015-03-11 0.290 2.244
2014-03-05 0.550 3.662
2013-02-01 0.600 3.758
2013-01-15 0.600 3.550
2012-07-25 0.550 3.222
2012-07-16 0.550 3.384
2012-02-29 0.550 2.741
2011-03-02 0.550 2.260
2011-02-01 0.550 1.930
2010-03-02 1.000 3.654

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 VERBUND's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess VERBUND'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 VERBUND afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VERBUND has a total score of 3/6, 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 VERBUND'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
Wolfgang Anzengruber
COMPENSATION €1,327,594
AGE 63
TENURE AS CEO 11.8 years
CEO Bio

General Wolfgang Anzengruber has been the Chief Executive Officer of Verbund AG since June 2008 and has been its Chairman of Executive Board since 2009 and has been Member of Executive Board since January 2009. General Anzengruber serves as the Chief Executive Officer and Member of Management Board at VERBUND-Austrian Renewable Power GmbH. He serves as the Chief Executive Officer and Member of Management Board at Ratcliff Palfinger Ltd. He serves as General Director of Verbund International GmbH. He served as the Chief Executive Officer at Palfinger AG from September 2003 to June 19, 2008, its Chief Financial Officer from June 2006 to August 31, 2008 and Member of the Management Board until August 2008. He served as Chairman of the Management Board at Palfinger AG from September 2003 to 2008. He served as Chief Financial Officer of Verbund AG from January 2009 to March 2013 and served as its General Director. He was In Charge of legal affairs, IT, personnel, procurement, communications and investor relations at Palfinger AG. He served as a Member of the Management team of ABB Österreich. He joined Palfinger Group in 2003. He served as Project Manager of Simmering Graz Pauker AG from February 1983 to January 1988. He served as Managing Director of SYSTEC Industrieautomation GmbH from February 1988 to April 1990 and also served as Technical Manager and Managing Director of ABB Industrie GmbH from May 1990 to February 1993. General Anzengruber served as Senior Executive Vice President of Administration and Executive Vice President at ABB Energie AG from March 1993 to September 1997 and served as its Member of the Managing Board from 1993 to 1997. He served as a Member of the Managing Board of ABB Austria from 1997 to 1999, Salzburger Stadtwerke AG from 1999 to 2000 and Salzburg AG from 2000 to 2003. He served as Managing Director of ABB Industrie & Gebäudesysteme GmbH. He served as an Executive Vice President of Salzburger Stadtwerke AG from September 1999 to September 2000 and Senior Executive Vice President of Sales at Salzburg AG für Energie, Verkehr und Telekommunikation (merged company of Salzburger Stadtwerke AG & SAFE [Salzburger Aktiengesellschaft für Elektrizitätswirtschaft from October 2001 to August 2003. He served as Vice Chairman of the Supervisory Board at Energie Steiermark AG. He serves as a Member of Supervisory Board at Verbund International Finance B.V. He served as Member of the Supervisory Board at Palfinger AG since March 31, 2010 until June 16, 2015. He served as an Executive Director of ABB Austria from October 1997 to August 1999. He attended Primary School from 1963 to 1971 and Technical School of Mechanical Engineering from 1971 to 1976. General Anzengruber attended University of Vienna and studied Mech. Engineering & Economics from 1977 to 1982 and graduated in Civil Engineering in 1992.

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

Average tenure and age of the VERBUND management team in years:

3.8
Average Tenure
56.5
Average Age
  • The tenure for the VERBUND management team is about average.
Management Team

Wolfgang Anzengruber

TITLE
Chairman of Executive Board & CEO
COMPENSATION
€1M
AGE
63
TENURE
11.8 yrs

Michael Strugl

TITLE
Deputy CEO & Vice Chairman of the Board
COMPENSATION
€685K
AGE
56
TENURE
1.3 yrs

Peter Kollmann

TITLE
CFO & Member of the Executive Board
COMPENSATION
€1M
AGE
57
TENURE
6.3 yrs

Achim Kaspar

TITLE
Member of Executive Board
COMPENSATION
€475K
AGE
54
TENURE
1.3 yrs

Andreas Wollein

TITLE
Head of Group Finance

Beate McGinn

TITLE
Head of Group Communications
Board of Directors Tenure

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

5
Average Tenure
54
Average Age
  • The tenure for the VERBUND board of directors is about average.
Board of Directors

Thomas Schmid

TITLE
Chairman of Supervisory Board
COMPENSATION
€47K
AGE
44
TENURE
1 yrs

Elisabeth Engelbrechtsmüller-Strauß

TITLE
2nd Vice-Chairwoman of Supervisory Board
COMPENSATION
€55K
AGE
49
TENURE
5 yrs

Martin Ohneberg

TITLE
1st Deputy Chair of Supervisory Board
COMPENSATION
€23K
AGE
48
TENURE
1 yrs

Kurt Christof

TITLE
Employee representative Member of Supervisory Board
COMPENSATION
€4K
AGE
55
TENURE
16.1 yrs

Harald Kaszanits

TITLE
Member of Supervisory Board
COMPENSATION
€24K
AGE
56
TENURE
10 yrs

Christa Wagner

TITLE
Member of Supervisory Board
COMPENSATION
€16K
AGE
59
TENURE
10 yrs

Wolfgang Liebscher

TITLE
Employee representative Member of Supervisory Board
COMPENSATION
€4K
AGE
53
TENURE
6.4 yrs

Werner Muhm

TITLE
Member of Supervisory Board
COMPENSATION
€24K
AGE
69
TENURE
5 yrs

Susanne Riess

TITLE
Member of Supervisory Board
COMPENSATION
€12K
AGE
58
TENURE
5 yrs

Jürgen Roth

TITLE
Member of Supervisory Board
COMPENSATION
€20K
AGE
46
TENURE
5 yrs
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 VERBUND'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. VERBUND 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

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchanges, traders, energy utilities and industrial companies, and households and commercial customers in Austria and internationally. The company operates through Renewable Generation, Sales, Grid, and All Other segments. As of December 31, 2019, it operated hydropower plants with a capacity of 8,222 megawatts (MW); wind farms with a capacity of 418 MW; and thermal power plants with an electrical capacity of 1,094 MW. The company also owns and operates a transmission grid in Austria; and trades and sells gas, as well as provides energy-related services. The company was formerly known as Österreichische Elektrizitätswirtschafts- Aktiengesellschaft and changed its name to VERBUND AG in 2010. VERBUND AG was founded in 1947 and is headquartered in Vienna, Austria.

Details
Name: VERBUND AG
OEWA
Exchange: DB
Founded: 1947
€13,577,005,008
347,415,686
Website: http://www.verbund.com
Address: VERBUND AG
Am Hof 6a,
Vienna,
Vienna, 1010,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG VER Category A Bearer Shares Wiener Boerse AG AT EUR 21. Mar 1990
OTCPK OEZV.F Category A Bearer Shares Pink Sheets LLC US USD 21. Mar 1990
DB OEWA Category A Bearer Shares Deutsche Boerse AG DE EUR 21. Mar 1990
XTRA OEWA Category A Bearer Shares XETRA Trading Platform DE EUR 21. Mar 1990
LSE 0NR1 Category A Bearer Shares London Stock Exchange GB EUR 21. Mar 1990
SWX VER Category A Bearer Shares SIX Swiss Exchange CH CHF 21. Mar 1990
SEP VER Category A Bearer Shares The Stock Exchange Prague Co. Ltd. CZ CZK 21. Mar 1990
ETLX OEWA Category A Bearer Shares Eurotlx IT EUR 21. Mar 1990
BATS-CHIXE VERV Category A Bearer Shares BATS 'Chi-X Europe' GB EUR 21. Mar 1990
OTCPK OEZV.Y SPONSORED ADR Pink Sheets LLC US USD 14. Dec 1999
Number of employees
Current staff
Staff numbers
2,772
VERBUND employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:55
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/18
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.