Relative Value

The Relative Value of one EVN stock under the Base Case scenario is 32.41 EUR. Compared to the current market price of 23.5 EUR, EVN AG is Undervalued by 27%.

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.

EVN Relative Value
Base Case
32.41 EUR
Undervaluation 27%
Relative Value
Price
E
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
41
vs Industry
55
Median 3Y
1.2
Median 5Y
1.3
Industry
1.7
Forward
1.3
vs History
68
vs Industry
58
Median 3Y
9.7
Median 5Y
10.6
Industry
14.9
Forward
9.6
vs History
74
vs Industry
65
Median 3Y
4
Median 5Y
5.3
Industry
6.8
vs History
3
vs Industry
7
Median 3Y
10.9
Median 5Y
10
Industry
14
vs History
42
vs Industry
76
Median 3Y
0.6
Median 5Y
0.6
Industry
1.4
vs History
34
vs Industry
64
Median 3Y
1.5
Median 5Y
1.5
Industry
2.8
Forward
1.6
vs History
47
vs Industry
71
Median 3Y
4
Median 5Y
4.1
Industry
7.4
vs History
31
vs Industry
65
Median 3Y
6.3
Median 5Y
6.2
Industry
10.3
Forward
6.1
vs History
49
vs Industry
53
Median 3Y
12.3
Median 5Y
13.1
Industry
14.9
Forward
11.3
vs History
69
vs Industry
73
Median 3Y
4.9
Median 5Y
5.8
Industry
10.8
vs History
22
vs Industry
36
Median 3Y
8.2
Median 5Y
11
Industry
16.9
vs History
25
vs Industry
82
Median 3Y
0.5
Median 5Y
0.4
Industry
0.9

Multiples Across Competitors

EVN Competitors Multiples
EVN AG Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
AT
EVN AG
VSE:EVN
4.1B EUR 1.3 9.4 6.6 13.1
US
Nextera Energy Inc
NYSE:NEE
144.2B USD 5.7 26.1 16.8 30.3
ES
Iberdrola SA
MAD:IBE
96.7B EUR 2.2 17.2 7.4 12.3
US
Southern Co
NYSE:SO
99.5B USD 3.6 21.6 12.6 21.8
US
Duke Energy Corp
NYSE:DUK
93.2B USD 3.1 21.1 12 21.8
IT
Enel SpA
MIL:ENEL
78.7B EUR 1.1 11.2 6.3 9.8
US
Constellation Energy Corp
NASDAQ:CEG
84.5B USD 3.6 22.5 12.7 20.8
US
American Electric Power Company Inc
NASDAQ:AEP
55.7B USD 2.8 18.7 12.4 21.8
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
45.6B USD 1.9 16.8 10.9 19.3
US
Xcel Energy Inc
NASDAQ:XEL
40.8B USD 3 21.1 13.1 29.3
P/E Multiple
Earnings Growth PEG
AT
E
EVN AG
VSE:EVN
Average P/E: 18.6
9.4
-4%
N/A
US
Nextera Energy Inc
NYSE:NEE
26.1
9%
2.9
ES
Iberdrola SA
MAD:IBE
17.2
7%
2.5
US
Southern Co
NYSE:SO
21.6
8%
2.7
US
Duke Energy Corp
NYSE:DUK
21.1
8%
2.6
IT
Enel SpA
MIL:ENEL
11.2
2%
5.6
US
Constellation Energy Corp
NASDAQ:CEG
22.5
0%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
18.7
7%
2.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
US
Exelon Corp
NASDAQ:EXC
16.8
8%
2.1
US
Xcel Energy Inc
NASDAQ:XEL
21.1
10%
2.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AT
E
EVN AG
VSE:EVN
Average EV/EBITDA: 11.1
6.6
4%
1.7
US
Nextera Energy Inc
NYSE:NEE
16.8
19%
0.9
ES
Iberdrola SA
MAD:IBE
7.4
0%
N/A
US
Southern Co
NYSE:SO
12.6
7%
1.8
US
Duke Energy Corp
NYSE:DUK
12
7%
1.7
IT
Enel SpA
MIL:ENEL
6.3
7%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
12.7
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.4
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
10.9
9%
1.2
US
Xcel Energy Inc
NASDAQ:XEL
13.1
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AT
E
EVN AG
VSE:EVN
Average EV/EBIT: 20
13.1
5%
2.6
US
Nextera Energy Inc
NYSE:NEE
30.3
23%
1.3
ES
Iberdrola SA
MAD:IBE
12.3
2%
6.1
US
Southern Co
NYSE:SO
21.8
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
20.8
4%
5.2
US
American Electric Power Company Inc
NASDAQ:AEP
21.8
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
19.3
10%
1.9
US
Xcel Energy Inc
NASDAQ:XEL
29.3
22%
1.3