(EOAN) E.ON SE - Overview
Power, Gas, Networks, Retail,
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.72% |
| Yield on Cost 5y | 7.69% |
| Yield CAGR 5y | 4.01% |
| Payout Consistency | 92.7% |
| Payout Ratio | 48.7% |
| Risk 5d forecast | |
|---|---|
| Volatility | 19.7% |
| Relative Tail Risk | 2.23% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.32 |
| Alpha | 61.36 |
| Character TTM | |
|---|---|
| Beta | -0.069 |
| Beta Downside | -0.048 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.36% |
| CAGR/Max DD | 1.13 |
Description: EOAN E.ON SE January 28, 2026
E.ON SE (XETRA:EOAN) is a pan-European energy group headquartered in Essen, Germany, operating through three core segments: Energy Networks (distribution of electricity and gas plus related services), Energy Infrastructure Solutions (district heating & cooling, renewable generation, smart meters, heat pumps and energy-efficiency software), and Energy Retail (green power/gas tariffs, digital customer solutions, EV charging, solar-plus-storage installations). The company serves residential, SME, large-industrial and municipal customers across Germany, the UK, Sweden, the Netherlands and other European markets.
According to the FY 2023 consolidated results released in February 2024, E.ON generated €78.3 billion of revenue, with an adjusted EBITDA of €10.2 billion and net profit of €2.5 billion. Capital expenditure for network reinforcement and renewable integration reached €13.1 billion, of which €4.3 billion was allocated to smart-meter roll-out and digital grid solutions. As of Q3 2025, the share of renewable generation in the Energy Infrastructure Solutions segment rose to 31 % of total output, up from 27 % a year earlier.
The segment outlook is driven by three macro-level forces: (1) the EU “Fit for 55” policy package, which mandates a 55 % reduction in greenhouse-gas emissions by 2030 and translates into higher demand for grid upgrades and low-carbon heat; (2) persistent electricity price volatility caused by the combination of reduced fossil-fuel supply and increasing renewable intermittency, which boosts the attractiveness of long-term green-tariff contracts; and (3) accelerating corporate decarbonisation targets that raise the need for on-site renewable generation, battery storage and EV-charging infrastructure-areas where E.ON’s Infrastructure Solutions and Retail units have a first-mover advantage. However, regulatory rate-setting risk in Germany and the UK remains a material uncertainty that could compress margins.
For a deeper quantitative assessment of how these drivers translate into valuation levers, a quick look at ValueRay’s model can help you spot any pricing gaps.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 3.00b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 1.05 > 1.0 |
| NWC/Revenue: -4.71% < 20% (prev -4.63%; Δ -0.08% < -1%) |
| CFO/TA 0.06 > 3% & CFO 6.40b > Net Income 3.00b |
| Net Debt (35.40b) to EBITDA (11.00b): 3.22 < 3 |
| Current Ratio: 0.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.61b) vs 12m ago 0.04% < -2% |
| Gross Margin: 25.30% > 18% (prev 0.30%; Δ 2499 % > 0.5%) |
| Asset Turnover: 75.46% > 50% (prev 74.35%; Δ 1.11% > 0%) |
| Interest Coverage Ratio: 3.15 > 6 (EBITDA TTM 11.00b / Interest Expense TTM 2.20b) |
Altman Z'' 0.41
| A: -0.04 (Total Current Assets 21.80b - Total Current Liabilities 25.63b) / Total Assets 107.03b |
| B: 0.04 (Retained Earnings 4.67b / Total Assets 107.03b) |
| C: 0.06 (EBIT TTM 6.92b / Avg Total Assets 107.81b) |
| D: 0.07 (Book Value of Equity 5.58b / Total Liabilities 82.73b) |
| Altman-Z'' Score: 0.41 = B |
Beneish M -2.90
| DSRI: 0.98 (Receivables 14.36b/14.56b, Revenue 81.35b/80.73b) |
| GMI: 1.20 (GM 25.30% / 30.34%) |
| AQI: 0.99 (AQ_t 0.35 / AQ_t-1 0.35) |
| SGI: 1.01 (Revenue 81.35b / 80.73b) |
| TATA: -0.03 (NI 3.00b - CFO 6.40b) / TA 107.03b) |
| Beneish M-Score: -2.90 (Cap -4..+1) = A |
What is the price of EOAN shares?
Over the past week, the price has changed by +5.14%, over one month by +11.11%, over three months by +9.51% and over the past year by +65.87%.
Is EOAN a buy, sell or hold?
What are the forecasts/targets for the EOAN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 17.3 | -2.9% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 23.6 | 32.4% |
EOAN Fundamental Data Overview January 25, 2026
P/E Trailing = 14.8684
P/E Forward = 14.5985
P/S = 0.5337
P/B = 2.4817
P/EG = 6.3439
Revenue TTM = 81.35b EUR
EBIT TTM = 6.92b EUR
EBITDA TTM = 11.00b EUR
Long Term Debt = 34.92b EUR (from longTermDebt, last quarter)
Short Term Debt = 4.07b EUR (from shortTermDebt, last quarter)
Debt = 39.00b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 35.40b EUR (from netDebt column, last quarter)
Enterprise Value = 80.19b EUR (44.29b + Debt 39.00b - CCE 3.10b)
Interest Coverage Ratio = 3.15 (Ebit TTM 6.92b / Interest Expense TTM 2.20b)
EV/FCF = -88.22x (Enterprise Value 80.19b / FCF TTM -909.0m)
FCF Yield = -1.13% (FCF TTM -909.0m / Enterprise Value 80.19b)
FCF Margin = -1.12% (FCF TTM -909.0m / Revenue TTM 81.35b)
Net Margin = 3.69% (Net Income TTM 3.00b / Revenue TTM 81.35b)
Gross Margin = 25.30% ((Revenue TTM 81.35b - Cost of Revenue TTM 60.77b) / Revenue TTM)
Gross Margin QoQ = 29.03% (prev 32.42%)
Tobins Q-Ratio = 0.75 (Enterprise Value 80.19b / Total Assets 107.03b)
Interest Expense / Debt = 1.37% (Interest Expense 536.0m / Debt 39.00b)
Taxrate = 24.13% (1.77b / 7.33b)
NOPAT = 5.25b (EBIT 6.92b * (1 - 24.13%))
Current Ratio = 0.85 (Total Current Assets 21.80b / Total Current Liabilities 25.63b)
Debt / Equity = 2.18 (Debt 39.00b / totalStockholderEquity, last quarter 17.89b)
Debt / EBITDA = 3.22 (Net Debt 35.40b / EBITDA 11.00b)
Debt / FCF = -38.94 (negative FCF - burning cash) (Net Debt 35.40b / FCF TTM -909.0m)
Total Stockholder Equity = 17.97b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.78% (Net Income 3.00b / Total Assets 107.03b)
RoE = 16.70% (Net Income TTM 3.00b / Total Stockholder Equity 17.97b)
RoCE = 13.08% (EBIT 6.92b / Capital Employed (Equity 17.97b + L.T.Debt 34.92b))
RoIC = 29.20% (NOPAT 5.25b / Invested Capital 17.97b)
WACC = 3.50% (E(44.29b)/V(83.29b) * Re(5.66%) + D(39.00b)/V(83.29b) * Rd(1.37%) * (1-Tc(0.24)))
Discount Rate = 5.66% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.02%
Fair Price DCF = unknown (Cash Flow -909.0m)
EPS Correlation: 6.60 | EPS CAGR: 4.20% | SUE: -0.08 | # QB: 0
Revenue Correlation: -66.14 | Revenue CAGR: -14.93% | SUE: 1.11 | # QB: 3
EPS next Year (2026-12-31): EPS=1.06 | Chg30d=+0.002 | Revisions Net=+3 | Growth EPS=-7.4% | Growth Revenue=+0.5%