Relative Value

The Relative Value of one BKW stock under the Base Case scenario is 179.63 CHF. Compared to the current market price of 164.3 CHF, BKW AG is Undervalued by 9%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

BKW Relative Value
Base Case
179.63 CHF
Undervaluation 9%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
12
vs Industry
43
Median 3Y
1.7
Median 5Y
1.7
Industry
1.7
Forward
1.8
vs History
58
vs Industry
36
Median 3Y
15.3
Median 5Y
14.3
Industry
14.9
Forward
16.5
vs History
41
vs Industry
10
Median 3Y
11.2
Median 5Y
10.9
Industry
6.8
vs History
26
vs Industry
10
Median 3Y
28.2
Median 5Y
30.5
Industry
14
vs History
36
vs Industry
35
Median 3Y
1.7
Median 5Y
1.6
Industry
1.4
vs History
12
vs Industry
57
Median 3Y
1.7
Median 5Y
1.7
Industry
2.8
Forward
1.8
vs History
14
vs Industry
71
Median 3Y
3.4
Median 5Y
3.2
Industry
7.4
vs History
19
vs Industry
52
Median 3Y
7.2
Median 5Y
7.4
Industry
10.3
Forward
8.7
vs History
50
vs Industry
42
Median 3Y
10.9
Median 5Y
11.5
Industry
14.9
Forward
12.2
vs History
39
vs Industry
14
Median 3Y
11.7
Median 5Y
11.3
Industry
10.8
vs History
11
vs Industry
19
Median 3Y
11
Median 5Y
14.3
Industry
16.9
vs History
12
vs Industry
48
Median 3Y
0.8
Median 5Y
0.7
Industry
0.9

Multiples Across Competitors

BKW Competitors Multiples
BKW AG Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CH
BKW AG
SIX:BKW
8.7B CHF 1.9 13.9 8 11.4
US
Nextera Energy Inc
NYSE:NEE
136.1B USD 5.4 24.7 16.2 29.2
ES
Iberdrola SA
MAD:IBE
99.8B EUR 2.2 17.7 7.6 12.5
US
Southern Co
NYSE:SO
100.1B USD 3.6 21.7 12.6 21.9
US
Duke Energy Corp
NYSE:DUK
93.7B USD 3.1 21.3 12.1 21.8
IT
Enel SpA
MIL:ENEL
78.5B EUR 1.1 11.2 6.3 9.8
US
Constellation Energy Corp
NASDAQ:CEG
77.7B USD 3.3 20.7 11.8 19.2
US
American Electric Power Company Inc
NASDAQ:AEP
57.3B USD 2.9 19.3 12.6 22.2
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
46.4B USD 2 17.1 11 19.5
US
Xcel Energy Inc
NASDAQ:XEL
40.9B USD 3 21.2 13.1 29.3
P/E Multiple
Earnings Growth PEG
CH
BKW AG
SIX:BKW
Average P/E: 18.9
13.9
-3%
N/A
US
Nextera Energy Inc
NYSE:NEE
24.7
9%
2.7
ES
Iberdrola SA
MAD:IBE
17.7
7%
2.5
US
Southern Co
NYSE:SO
21.7
8%
2.7
US
Duke Energy Corp
NYSE:DUK
21.3
8%
2.7
IT
Enel SpA
MIL:ENEL
11.2
2%
5.6
US
Constellation Energy Corp
NASDAQ:CEG
20.7
0%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
19.3
7%
2.8
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
US
Exelon Corp
NASDAQ:EXC
17.1
8%
2.1
US
Xcel Energy Inc
NASDAQ:XEL
21.2
10%
2.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CH
BKW AG
SIX:BKW
Average EV/EBITDA: 11.1
8
0%
N/A
US
Nextera Energy Inc
NYSE:NEE
16.2
19%
0.9
ES
Iberdrola SA
MAD:IBE
7.6
0%
N/A
US
Southern Co
NYSE:SO
12.6
7%
1.8
US
Duke Energy Corp
NYSE:DUK
12.1
7%
1.7
IT
Enel SpA
MIL:ENEL
6.3
7%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
11.8
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.6
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11
9%
1.2
US
Xcel Energy Inc
NASDAQ:XEL
13.1
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CH
BKW AG
SIX:BKW
Average EV/EBIT: 19.7
11.4
0%
N/A
US
Nextera Energy Inc
NYSE:NEE
29.2
23%
1.3
ES
Iberdrola SA
MAD:IBE
12.5
2%
6.3
US
Southern Co
NYSE:SO
21.9
8%
2.7
US
Duke Energy Corp
NYSE:DUK
21.8
10%
2.2
IT
Enel SpA
MIL:ENEL
9.8
7%
1.4
US
Constellation Energy Corp
NASDAQ:CEG
19.2
4%
4.8
US
American Electric Power Company Inc
NASDAQ:AEP
22.2
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
19.5
10%
1.9
US
Xcel Energy Inc
NASDAQ:XEL
29.3
22%
1.3