Operating Margin

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Price: 17.47 EUR 1.01%

Market Cap: 45.6B EUR

6.7%

Improving

by 1.1%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

6.7%

Operating Income

€5.5B

Revenue

€81.3B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

6.7%

Operating Income

€5.5B

Revenue

€81.3B

Peer Comparison

Country		Company	Market Cap	Operating Margin
DE		E.ON SE XETRA:EOAN	45.6B EUR	Loading...
DE		Uniper SE XETRA:UN01	562.9B EUR	Loading...
UK		National Grid PLC LSE:NG	59.3B GBP	Loading...
FR		Electricite de France SA PAR:EDF	46.6B EUR	Loading...
FR		Engie SA PAR:ENGI	58.1B EUR	Loading...
US		Sempra Energy NYSE:SRE	60.4B USD	Loading...
US		Dominion Energy Inc NYSE:D	52.2B USD	Loading...
US	S	Sempra VSE:SREN	43.4B EUR	Loading...
DE		RWE AG XETRA:RWE	37.5B EUR	Loading...
US		Public Service Enterprise Group Inc NYSE:PEG	39.6B USD	Loading...
US		Consolidated Edison Inc NYSE:ED	37.5B USD	Loading...

Market Distribution

Min	-61 459.6%
30th Percentile	0.7%
Median	4.5%
70th Percentile	9.8%
Max	94 540%

Other Profitability Ratios

E.ON SE
Glance View

Economic Moat

None

Market Cap

45.6B EUR

Industry

Utilities

E.ON SE, with roots tracing back to the early 20th century, has established itself as a formidable player in the energy sector, primarily across Europe. Emerging from the massive restructuring and consolidation phase of the German energy industry, E.ON is today a sophisticated energy company focusing on customer-centric energy solutions. It operates across the electricity and gas value chain, though it has significantly pivoted in recent years towards renewable energy and sustainable infrastructure. This transformation was spurred by the increasing demand for cleaner energy solutions and the global shift toward sustainability. The company has divested its conventional fossil power generation assets, allowing it to sharpen its focus on innovative energy services, smart grids, and sustainable infrastructure. Financially, E.ON generates revenue through a multifaceted approach. Its core earnings come from solutions for private and industrial customers, enabling them to enhance energy efficiency and embrace the energy transition. Additionally, E.ON operates extensive energy networks that transport electricity and gas, charging network fees from suppliers and customers. By investing in renewables and smart energy solutions, E.ON taps into new business segments, from advanced energy storage systems to new technology that delivers real-time energy monitoring and management. As the energy market continues to evolve, E.ON's strategy positions it not only to adapt but also to drive the change, aiming to meet the needs of modern consumers eager for sustainable energy solutions.

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

E.ON SE
LSE:0MPP

Peer Comparison

Market Distribution

Other Profitability Ratios

E.ON SE
Glance View

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52 Week Range	10.8 17.47
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E.ON SE LSE:0MPP