Obermatt

Verbund

VIE:VER · AT0000746409
Electric UtilitiesLarge

360

63
EV / EBIT80
Price / Owner Earnings8
Owner Earnings Yield73
Dividend Yield39
Price/Sales27
EV / Gross Profit82
Price/Book44
Return on Capital95
Cash Return on Capital81
Return on Equity83
EBIT Margin81
Gross Profitability95
Cash Conversion18
Accruals28
Owner Earnings Margin81
Sales growth12
Profit Growth78
Long-Term EPS Growth3
Owner Earnings Growth8
Reinvestment87
Price momentum22
Debt load85
Refinancing38
Debt Payback85
Liquidity94
Analyst ratings3
Opinion Changes50
Price Target Upside27
Market mood91
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Verbund clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryAustria
IndustryElectric Utilities
SizeLarge
TypePublic Company
ExchangeWBAG
Employees787
ISINAT0000746409
Last UpdateApr 2, 2026
Themes
Battery Energy Storage System (BESS)Power GridUtility Scale SolarClean EnergyOnshore and Offshore WindHydrogenBiomass EnergyEnergy ManagementEnergy StorageCleanTechAnaerobic DigestionHydroelectricRenewable Energy

Description

VERBUND AG (VERBUND) operates in the energy sector, focusing primarily on renewable energy production, particularly hydropower. The company operates one of the largest hydropower stations in Europe and has expanded its portfolio to include wind and s…

Analysis

Middle-of-the-road

VERBUND AG sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 36.2×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 14% a year, against analyst forecasts of -7%. The market is pricing in far more than analysts expect: heroic expectations.

Growth is weak; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
45
2023202420252026

All-time high

81

Nov 2023

All-time low

6

Sep 2025

Average rank

34

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
27
51
52
31
Price/Earnings
31
46
55
25
Price/Book
44
18
12
5
Dividend Yield
39
26
37
49
Value (overall)
20
28
33
35

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →