EVN EVN.VI
AustriaUtilities · Utilities - DiversifiedWiener Börse · EUR
33.25 EUR (+16.5%)
4 analysts
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EVN AG is an Austrian diversified utility company operating in the generation and distribution of electricity, gas, heat, and water, as well as waste treatment and telecommunications services.
Listed on Wiener Börse · Symbol EVN.VI · VIE: EVN · Currency EUR
Key points
from its scores- ✓Very solid balance sheet7.9
- ✓Favourable backdrop7.5
- ✓Good share-price trend7.1
- ✕Little competitive advantage3.0
- !Moderate growth5.8
AI analysis
bottom line, main risk, context and newsEVN is a defensive utility with a solid balance sheet and reasonable valuation, but its low growth and profitability limit upside potential.
EVN shows solid financial health (score 7.86) with low leverage (Net Debt/EBITDA of 1.02) and an attractive valuation (P/E 10.09, P/B 0.79), although its profitability (ROE 8.11%, operating margin 5.71%) and growth (revenue +2.7%) are moderate, which limits its appeal as a growth investment.
The main risk is regulatory: as an Austrian utility, its profitability depends on the regulator's tariff decisions, which could prioritize political objectives over shareholder returns.
Context and risks
EVN operates in Austria, a country with moderate governance risk. As a regulated utility, its profitability depends on tariff decisions by a regulator that may prioritize political objectives over shareholder returns, introducing a business model risk not captured by financial metrics.
Is EVN stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 37% below the Utilities median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 10.1 | 19.1 | −47% |
| EV / EBITDA | 9.0 | 12.2 | −26% |
| Price / book | 0.8 | 1.9 | −59% |
| Price / sales | 1.6 | 2.6 | −37% |
Sector: median of the 92 Utilities companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.8 out of 10 (median for Utilities: 4.8).
Average analyst target: 33.25 EUR, +16.5% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.9 (sector 5.8), Growth 5.8 (sector 5.8).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Utilities medianValuation
- P/E
- 10.1
- Forward P/E
- 11.4
- EV / EBITDA
- 9.0
- Price / book
- 0.8
- Price / sales
- 1.6
- PEG
- 2.16
- Market cap
- 5.1B EUR
- Enterprise value
- 6.1B EUR
Profitability
- ROE
- 8.1%
- ROA
- 1.8%
- ROIC (approx.)
- 2.3%
- Gross margin
- 41.3%
- Operating margin
- 5.7%
- Net margin
- 16.9%
- Free cash flow
- 50.6M EUR
- FCF yield
- 1.0%
- Cash conversion
- 7%
Solvency
- Total debt
- 1.2B EUR
- Net debt
- 696.2M EUR
- Cash
- 509.0M EUR
- EBITDA
- 680.9M EUR
- Net debt / EBITDA
- 1.02
- Debt / equity
- 17.70
- Current ratio
- 1.14
- Quick ratio
- 1.04
Growth
- Revenue growth
- +2.7%
- Earnings growth
- +15.5%
- EPS (TTM)
- 2.83 EUR
- EPS (forward)
- 2.51 EUR
Dividend
- Dividend yield
- 3.2%
- Payout
- 31.8%
Risk and market
- Beta
- 0.66
- Analyst consensus
- Strong buy (4)
- Target price
- 33.25 EUR
- 52-week range
- 23.35 – 30.45
Recent news
All EVN.VI news →Compare it with its sector
All 92 in Utilities →Frequently asked questions about EVN
Is EVN stock cheap or expensive?
On P/E and EV / EBITDA, it trades 37% below the Utilities median on average. Valuation score: 6.8 out of 10 (median for Utilities: 4.8). Average analyst target: 33.25 EUR, +16.5% versus the price. This is not investment advice.
What score does EVN get on MeridIAn Screener?
It scores 6.6 out of 10, rank 438 of 2,130 (better than 77% of the companies analysed). Its strongest category is Financial health (7.9) and its weakest, Quality / Moat (3.0). Analysis of 08/10/2026.
What is EVN's P/E ratio?
Its P/E is 10.1: the share price equals 10.1 times earnings per share over the last 12 months. The Utilities median is 19.1. Based on the earnings analysts expect, the forward P/E is 11.4.
How much is EVN worth on the stock market?
Its market capitalisation is 5.1B EUR and its enterprise value, debt included, is 6.1B EUR.
How much debt does EVN have?
Its net debt (debt minus cash) is 696.2M EUR. That is 1.02 times its EBITDA; the Utilities median is 5.33.
Does EVN pay a dividend?
Yes: its dividend yield is 3.15% and it pays out 32% of its earnings.
How has EVN stock performed over the last year?
It has risen 23.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 23.35 and 30.45 EUR. Past performance does not guarantee future results.
What do analysts think of EVN?
4 analysts cover it; their average recommendation is “Strong buy” and their average target is 33.25 EUR (+16.5% versus the price). It is an estimate, not market data.