Relative Value

The Relative Value of one EVN stock under the Base Case scenario is 30.81 EUR. Compared to the current market price of 21.6 EUR, EVN AG is Undervalued by 30%.

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
30.81 EUR
Undervaluation 30%
Relative Value
Price
E
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
63
vs Industry
55
Median 3Y
1.2
Median 5Y
1.3
Industry
1.7
Forward
1.2
vs History
85
vs Industry
58
Median 3Y
10
Median 5Y
10.6
Industry
14.9
Forward
9
vs History
92
vs Industry
65
Median 3Y
4.8
Median 5Y
5.5
Industry
7
vs History
14
vs Industry
7
Median 3Y
9.5
Median 5Y
9.5
Industry
13.8
vs History
65
vs Industry
76
Median 3Y
0.6
Median 5Y
0.6
Industry
1.4
vs History
58
vs Industry
64
Median 3Y
1.4
Median 5Y
1.5
Industry
2.7
Forward
1.5
vs History
68
vs Industry
71
Median 3Y
3.9
Median 5Y
4
Industry
7.3
vs History
58
vs Industry
65
Median 3Y
6.3
Median 5Y
6.2
Industry
10.3
Forward
5.8
vs History
71
vs Industry
53
Median 3Y
11.3
Median 5Y
12.9
Industry
14.5
Forward
10.7
vs History
90
vs Industry
73
Median 3Y
5.4
Median 5Y
6
Industry
11
vs History
47
vs Industry
36
Median 3Y
8.2
Median 5Y
11
Industry
16.6
vs History
34
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
3.9B EUR 1.2 8.2 5.9 11.1
US
Nextera Energy Inc
NYSE:NEE
143.4B USD 5.8 20.7 16.8 30.3
US
Southern Co
NYSE:SO
97.9B USD 3.7 22.2 12.7 22.3
ES
Iberdrola SA
MAD:IBE
91B EUR 2 16.2 7.1 11.8
US
Duke Energy Corp
NYSE:DUK
90.9B USD 3 20.6 11.9 21.5
IT
Enel SpA
MIL:ENEL
74.3B EUR 1 10.7 5.7 8.5
US
Constellation Energy Corp
NASDAQ:CEG
67.9B USD 2.9 18.1 10.4 16.9
US
American Electric Power Company Inc
NASDAQ:AEP
55.4B USD 2.8 18.7 12.3 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
44.2B USD 1.9 18 11.3 20.7
US
Xcel Energy Inc
NASDAQ:XEL
39.6B USD 2.9 20.4 12.8 28.3
P/E Multiple
Earnings Growth PEG
AT
E
EVN AG
VSE:EVN
Average P/E: 17.4
8.2
-3%
N/A
US
Nextera Energy Inc
NYSE:NEE
20.7
9%
2.3
US
Southern Co
NYSE:SO
22.2
8%
2.8
ES
Iberdrola SA
MAD:IBE
16.2
1%
16.2
US
Duke Energy Corp
NYSE:DUK
20.6
9%
2.3
IT
Enel SpA
MIL:ENEL
10.7
1%
10.7
US
Constellation Energy Corp
NASDAQ:CEG
18.1
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
18
7%
2.6
US
Xcel Energy Inc
NASDAQ:XEL
20.4
10%
2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AT
E
EVN AG
VSE:EVN
Average EV/EBITDA: 10.7
5.9
3%
2
US
Nextera Energy Inc
NYSE:NEE
16.8
19%
0.9
US
Southern Co
NYSE:SO
12.7
7%
1.8
ES
Iberdrola SA
MAD:IBE
7.1
-1%
N/A
US
Duke Energy Corp
NYSE:DUK
11.9
7%
1.7
IT
Enel SpA
MIL:ENEL
5.7
3%
1.9
US
Constellation Energy Corp
NASDAQ:CEG
10.4
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.3
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11.3
10%
1.1
US
Xcel Energy Inc
NASDAQ:XEL
12.8
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AT
E
EVN AG
VSE:EVN
Average EV/EBIT: 19.3
11.1
3%
3.7
US
Nextera Energy Inc
NYSE:NEE
30.3
24%
1.3
US
Southern Co
NYSE:SO
22.3
6%
3.7
ES
Iberdrola SA
MAD:IBE
11.8
1%
11.8
US
Duke Energy Corp
NYSE:DUK
21.5
8%
2.7
IT
Enel SpA
MIL:ENEL
8.5
2%
4.2
US
Constellation Energy Corp
NASDAQ:CEG
16.9
2%
8.4
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
20.7
9%
2.3
US
Xcel Energy Inc
NASDAQ:XEL
28.3
22%
1.3