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⚠️ Not investment advice. Past performance does not guarantee future results.
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E.ON EOAN.DE

Germany Utilities
5.8/10
AI Analyst score
17.30 EUR
Last price at analysis date · analyst target 20.76 (+20.0%)
🛒 Where to buy EOAN.DEPartner brokers · Germany (Xetra) · sample 200.00 € orderGermany (Xetra)
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🟡 HOLD — Hold; the dividend and regulatory stability offer support, but growth and quality limit the upside potential.

E.ON is a German utility focused on energy networks and customer solutions, with a focus on the energy transition. E.ON presents acceptable financial health (6.21) with an attractive dividend (7.41), but its growth is weak (3.25) and the quality of its moat is limited (3.28), with negative cash conversion weighing on valuation.

Financial health
5.9
Quality / Moat
3.3
Valuation
5.8
Growth
3.2
Dividend
7.4
Momentum
5.0
Risk & Context
7.0

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E13.41
Fwd P/E13.85
EV/EBITDA9.06
P/B2.13
P/S0.60
PEG0.83
Market cap45.19 B EUR
Enterprise value90.21 B EUR
🏰 Quality and moat
ROIC (approx.)5.9%
Gross margin24.91%
FCF conversion-27%
Operating margin5.03%
📈 Profitability and margins
ROE15.55%
ROA3.80%
Net margin4.49%
FCF-2.66 B EUR
FCF yield-5.88%
🏦 Solvency and liquidity
Total debt42.79 B EUR
Net debt38.53 B EUR
Cash4.26 B EUR
EBITDA9.96 B EUR
Net debt / EBITDA3.87
D/E152.99
Current ratio0.96
Quick ratio0.75
🚀 Growth
Revenue growth-0.50%
Earnings growth-13.20%
EPS (TTM)1.29 EUR
EPS (Fwd)1.25 EUR
💰 Dividend and risk
Dividend yield3.30%
Payout44.2%
Beta0.81
Analyst consensusBuy (17)
Target price20.76 EUR
52-week range14.98 EUR – 20.39 EUR
⚠️ Main risk: High leverage (Net Debt/EBITDA 3.87) and exposure to regulatory tariff reviews in Germany are the main risks to future profitability.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

E.ON is a German utility focused on energy networks and customer solutions, with a focus on the energy transition. E.ON presents acceptable financial health (6.21) with an attractive dividend (7.41), but its growth is weak (3.25) and the quality of its moat is limited (3.28), with negative cash conversion weighing on valuation.

Score by category

CategoryScore
Financial health5.9
Quality / Moat3.3
Valuation5.8
Growth3.2
Dividend7.4
Momentum5.0
Risk & Context7.0

OVERALL SCORE: 5.8/10

Context and risks

Moderate regulatory risk in Germany due to grid tariff reviews, which could affect E.ON's future profitability. Exposure to rising rates is mitigated by its regulated utility profile, but high leverage (Net Debt/EBITDA 3.87) amplifies the cost of debt.

News considered in the analysis

  • E.ON SE (ENAKF) (H1 2026) Earnings Call Highlights: Strong H1 Results and Robust Grid Demand ... — Resultados semestrales sólidos y demanda robusta de red, refuerzan la tesis de crecimiento en redes.
  • E.ON Reaffirms 2026 Outlook as First-Half Earnings Edge Higher — Reafirmación de las guías para 2026, señal de confianza de la dirección en un entorno regulatorio complejo.
  • 3 European Utility Stocks To Watch As Grid Spending And Regulation Collide — Listículo genérico sin información específica nueva sobre E.ON.
  • Energy & Utilities Roundup: Market Talk — Resumen de mercado sin información específica accionable para E.ON.
  • Some May Be Optimistic About E.ON's (ETR:EOAN) Earnings — Artículo que cuestiona la calidad del beneficio, posible señal de cautela sobre la sostenibilidad de los resultados.

Verdict: Hold; the dividend and regulatory stability offer support, but growth and quality limit the upside potential.

Main risk: High leverage (Net Debt/EBITDA 3.87) and exposure to regulatory tariff reviews in Germany are the main risks to future profitability.

Other Utilities companies

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.