Uniper UN0.DE
GermanyUtilities · Utilities - Regulated GasXetra · EUR
37.50 EUR (−18.6%)
3 analysts
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Uniper SE is a German energy company operating in electricity generation and energy trading, with a significant focus on gas supply and Europe's energy security.
Listed on Xetra · Symbol UN0.DE · ETR: UN0 · Currency EUR
Key points
from its scores- ✓Good share-price trend9.0
- ✓Strong growth8.6
- ✓Very solid balance sheet7.9
- ✕Little competitive advantage3.5
- ✕Little or no dividend4.7
AI analysis
bottom line, main risk, context and newsBalance sheet strength and revenue growth are offset by low profitability and regulatory risks in the energy sector.
Uniper shows solid financial health with a net cash position (ND/EBITDA -4.99) and strong revenue growth (35.5%), although its profitability (ROIC 0.74) and operating margin (0.17) are weak, reflecting a low-margin, capital-intensive business.
The main risk is exposure to German and European energy regulation, which could affect its margins and business model in the context of the energy transition.
Context and risks
Uniper is a German utility with a regulated gas business and a key position in Germany's energy supply security. Its risk profile is influenced by European energy market regulation and the energy transition, which could affect its margins and business model in the medium term. Exposure to German and European energy policy is a factor to watch.
Is Uniper stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 20% below the Utilities median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 11.4 | 19.1 | −40% |
| EV / EBITDA | 12.2 | 12.2 | +0% |
| Price / book | 1.6 | 1.9 | −20% |
| Price / sales | 0.3 | 2.6 | −88% |
Sector: median of the 92 Utilities companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.9 out of 10 (median for Utilities: 4.8).
Average analyst target: 37.50 EUR, −18.6% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.9 (sector 5.8), Growth 8.6 (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
- 11.4
- Forward P/E
- 26.3
- EV / EBITDA
- 12.2
- Price / book
- 1.6
- Price / sales
- 0.3
- PEG
- 1.26
- Market cap
- 19.2B EUR
- Enterprise value
- 13.7B EUR
Profitability
- ROE
- 14.7%
- ROA
- 1.4%
- ROIC (approx.)
- 0.7%
- Gross margin
- 3.6%
- Operating margin
- 0.2%
- Net margin
- 2.8%
- Free cash flow
- 846.2M EUR
- FCF yield
- 4.4%
- Cash conversion
- 75%
Solvency
- Total debt
- 1.7B EUR
- Net debt
- −5.6B EUR
- Cash
- 7.3B EUR
- EBITDA
- 1.1B EUR
- Net debt / EBITDA
- −4.99
- Debt / equity
- 13.31
- Current ratio
- 1.71
- Quick ratio
- 0.96
Growth
- Revenue growth
- +35.5%
- Earnings growth
- +20.9%
- EPS (TTM)
- 4.04 EUR
- EPS (forward)
- 1.75 EUR
Dividend
- Dividend yield
- 1.6%
- Payout
- 17.8%
Risk and market
- Beta
- 0.63
- Analyst consensus
- underperform (3)
- Target price
- 37.50 EUR
- 52-week range
- 27.30 – 56.20
Recent news
All UN0.DE news →Compare it with its sector
All 92 in Utilities →Frequently asked questions about Uniper
Is Uniper stock cheap or expensive?
On P/E and EV / EBITDA, it trades 20% below the Utilities median on average. Valuation score: 6.9 out of 10 (median for Utilities: 4.8). Average analyst target: 37.50 EUR, −18.6% versus the price. This is not investment advice.
What score does Uniper get on MeridIAn Screener?
It scores 6.6 out of 10, rank 484 of 2,130 (better than 77% of the companies analysed). Its strongest category is Momentum (9.0) and its weakest, Quality / Moat (3.5). Analysis of 08/10/2026.
What is Uniper's P/E ratio?
Its P/E is 11.4: the share price equals 11.4 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 26.3.
How much is Uniper worth on the stock market?
Its market capitalisation is 19.2B EUR and its enterprise value, debt included, is 13.7B EUR.
How much debt does Uniper have?
It has more cash than debt: net cash of 5.6B EUR.
Does Uniper pay a dividend?
Yes: its dividend yield is 1.56% and it pays out 18% of its earnings.
How has Uniper stock performed over the last year?
It has risen 41.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 27.30 and 56.20 EUR. Past performance does not guarantee future results.
What do analysts think of Uniper?
3 analysts cover it; their average recommendation is “underperform” and their average target is 37.50 EUR (−18.6% versus the price). It is an estimate, not market data.