E.ON SE

€19.09As of Sun 8 Nov 2026, 12:00 UTC

XETRA:EOANUtilities

Country Germany

PE (Fwd) •••

TSR 10Y CAGR 15.58%

Div yield 2.99%

ROE 15.55%

Utilities (Diversified)

Beta (5Y) 0.80

PE TTM 14.77

TSR TTM 21.83%

Mkt cap €49.89B

ROIC 6.37%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

€23

21.26%

(8.80%)

Hold 10|12|2|4|8

TTM

FYE 31 Dec EUR

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

2.786

Revenue€B

12.26

12.66

12.67

12.98

13.30

13.53

13.46

13.75

13.69

3.065

1.06%

1.48%

26.32

Revenue growth%

18.64

18.70

20.60

19.27

17.84

15.44

13.97

14.83

12.99

14.12

19.17

14.12

16.64

20.42

Gross margin%

26.60

28.00

30.38

32.86

34.86

31.92

30.21

32.89

33.11

33.76

9.15

32.89

32.39

13.86

Operating margin%

12.99

11.86

11.13

13.34

15.11

17.36

18.20

20.47

21.58

21.17

23.23

20.47

16.24

29.12

Net margin%

30.87

32.38

34.48

35.34

34.22

33.14

31.99

30.77

32.56

31.02

19.28

31.99

32.47

25.77

P/E ratio (avg)x

37.41

34.51

30.85

32.65

36.16

33.87

36.47

39.01

39.68

42.04

18.99

39.01

36.31

15.59

EV/EBITx

29.99

27.18

29.03

26.70

24.09

25.88

23.38

23.66

21.51

22.76

11.93

23.38

24.98

14.90

FCF yield (avg)%

17.04

19.86

21.38

20.83

19.02

21.82

23.75

21.42

18.83

18.93

16.73

21.42

20.35

18.22

FCF margin%

10.65

12.80

12.54

14.53

12.87

15.59

17.89

19.78

17.81

15.31

20.82

17.81

14.92

0.249

FCF / Net incomex

0.439

0.466

0.446

0.411

0.437

0.426

0.435

0.465

0.524

0.498

0.804

0.465

0.442

3.13

ROIC%

5.60

3.49

6.25

7.22

6.86

5.61

6.38

6.66

8.19

7.83

22.91

6.66

6.52

29.85

Return on equity%

9.77

7.68

6.33

7.62

8.30

5.79

6.50

5.61

6.34

5.44

12.53

5.79

6.42

22.16

Return on assets%

5.46

3.56

2.97

4.56

2.33

2.19

2.01

0.56

2.81

1.12

23.69

2.01

2.57

0.52

EPS€

0.84

0.80

0.76

0.78

0.82

0.80

0.75

0.80

0.78

0.56

(1.07%)

0.17%

—

17.74

EPS growth%

10.70

10.24

8.69

10.00

8.28

7.13

9.90

11.20

13.48

11.37

13.49

11.20

10.12

2.28

Bookvalue per sh€

2.42

2.52

2.70

3.13

3.17

3.44

3.24

3.20

3.06

3.08

1.13

(0.57%)

2.48%

—

2.43

FCF per share€

0.85

0.89

0.86

0.80

0.83

0.92

1.01

0.96

0.94

1.59

3.25%

0.51%

—

1.36

Dividend per sh€

1.61

1.57

1.61

1.77

1.65

1.68

1.85

1.76

1.98

1.20

3.62%

1.79%

—

19.44

Div yield (avg)%

1.85

1.09

0.97

2.45

3.10

3.32

0.40

2.15

3.81

18.62

2.15

2.00

6.46

Payout ratio%

28.40

27.79

28.62

29.58

27.10

28.77

31.24

31.17

31.41

29.72

6.76

31.17

29.17

2.680

Shares (diluted)B

2.937

3.032

2.870

2.744

3.094

3.402

3.347

3.673

3.909

3.817

2.550

4.29%

2.13%

14.79

Buyback yield%

26.42

28.06

29.98

29.43

27.16

27.10

24.63

23.28

25.44

25.04

24.40

25.04

26.76

0.467

D/E ratiox

2.462

2.631

3.108

3.149

3.220

3.254

3.651

3.910

4.525

4.919

0.250

3.910

3.237

7.062

Enterprise value€B

1.603

1.494

1.622

1.438

1.577

1.490

1.525

1.424

1.540

1.601

2.576

0.29%

(0.70%)

9.213

LT debt€B

1.170

1.116

1.167

1.098

1.128

1.214

1.330

1.202

1.275

1.408

8.499

4.53%

1.97%

Peers (US$56.02B)

Cap (US$)

RWE Aktiengesellschaft

45.99B

12.76x

EnBW Energie Baden…

24.33B

—

Uniper SE

20.58B

10.88x

MPLX LP

56.68B

13.06x

Capital

TTM

10Y

Leveragex

1.939

5.572

4.301

EBIT/Intx

0.151

0.733

0.784

Own earn%

72.36

(53.64)

(50.57)

Sh yield%

34.23

27.59

29.00

Owners

Insiders/Inst%

12.70

23.73

Short interest%

3.96

SBC / revenue%

5.73

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

11–22

$1 testx

—

Incr. ROIC%

E.ON SE is an energy company active in Germany, the United Kingdom, Sweden, the Netherlands, the rest of Europe and internationally. It runs power and gas distribution networks, provides district heating, efficiency and solutions to cities, municipalities and businesses, and supplies power, green energy, solar, storage, heating and electric vehicle charging products to residential, SME, commercial and industrial customers.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

€13.69B

1.48%

1.00×

Cost of revenue

€7.128B

1.31%

0.98×

Operating expenses

€2.127B

1.68%

1.02×