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Siemens Energy
(OTC:ENR)
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Rating:71Outperform
Price Target:
€170.00
▲(12.33% Upside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by strong financial momentum and cash generation alongside improving leverage, reinforced by an earnings call that maintained guidance and highlighted margin expansion and a large backlog. Offsetting factors are a technically mixed setup (negative MACD and below key intermediate moving averages) and a demanding valuation (high P/E with low yield), with additional execution risk tied to Siemens Gamesa’s ongoing losses/cash burn and project slippage in offshore/hydrogen.
Positive Factors
Robust free cash flow generation
Siemens Energy's sustained high operating and free cash flow provides durable internal funding for capex, service investments, de-leveraging and contingencies. Strong cash conversion (FCF ~81% of net income TTM) reduces reliance on external financing and supports long‑term strategy execution.
Negative Factors
Siemens Gamesa cash burn and ongoing losses
The wind-unit's persistent cash burn and YTD losses create a recurring drain on Siemens Energy's consolidated cash and management bandwidth. Sustained support or restructuring needs could divert capital from core investments, constrain dividends/capex and elevate execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust free cash flow generation
Siemens Energy's sustained high operating and free cash flow provides durable internal funding for capex, service investments, de-leveraging and contingencies. Strong cash conversion (FCF ~81% of net income TTM) reduces reliance on external financing and supports long‑term strategy execution.
Read all positive factors
Siemens Energy (ENR) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€137.76B
Dividend Yield0.44%
Average Volume (3M)2.33M
Price to Earnings (P/E)51.0
Beta (1Y)1.40
Revenue Growth9.00%
EPS Growth175.47%
CountryDE
Employees103,000
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)3.15
Shares Outstanding861,104,900
10 Day Avg. Volume2,071,904
30 Day Avg. Volume2,326,756
Financial Highlights & Ratios
PEG Ratio3.21
Price to Book (P/B)8.38
Price to Sales (P/S)2.21
P/FCF Ratio21.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€208.00Price Target Upside37.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)4.45
Revenue Forecast (FY)€44.14B
Siemens Energy Business Overview & Revenue Model
Company Description
Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat p...
How the Company Makes Money
Siemens Energy makes money primarily by selling energy infrastructure products and by providing long-term services over the lifecycle of installed equipment. Key revenue streams include: (1) Equipment and project sales: revenue from designing, man...
Siemens Energy Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call presented clear operational progress: strong revenue (EUR 17.9bn), a sizable EUR 162bn order backlog, materially improved profitability (profit before special items ~3x prior year and 14.2% Q3 margin), improving free cash flow (EUR 7.2bn YTD) and a milestone positive quarter for the wind business. However, material challenges remain—most notably Siemens Gamesa's cash burn (≈-EUR 1.7bn YTD) and YTD loss, offshore order slippage and slower hydrogen market development—and there is organizational uncertainty around a potential Transformation of Industry carve‑out. Overall the positives (broad revenue/backlog strength, margin expansion, improving cash flow and wind turnaround) outweigh the negatives, but risks remain and execution will be critical to sustain momentum.Positive Updates
Strong Revenue and Order Backlog
Revenue for Q3 FY2026 of EUR 17.9 billion; order intake increased and order backlog stands at approximately EUR 162 billion, providing multiyear visibility.
Negative Updates
Siemens Gamesa Cash Burn and Remaining Losses
Siemens Gamesa reported significant cash burn: approximately -EUR 518 million in Q3 (part of a -EUR 1.7 billion free‑cash‑flow shortfall over nine months). The wind business remains YTD at a small double‑digit loss and still requires further work to reach sustained profitability and cash breakeven by 2028.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Revenue and Order Backlog
Revenue for Q3 FY2026 of EUR 17.9 billion; order intake increased and order backlog stands at approximately EUR 162 billion, providing multiyear visibility.
Read all positive updates
Company Guidance
The company left its guidance unchanged and said it is confident about the outlook while expecting normal seasonality, citing Q3 revenue of €17.9bn, profit before special items that was roughly triple last year and a Q3 margin before SI of 14.2% (9M margin 12.6%), an order backlog of about €162bn (reservations excluded), and strong cash generation (9M free cash flow €7.2bn with full‑year free cash flow guidance of €8bn) although management flagged significant CapEx in Q4; Siemens Gamesa still shows a small double‑digit YTD loss and cash burn but management said it is working to restore profitability (operational improvement underway) with a path to cash breakeven targeted around 2028 and continued confidence for 2027 with a more detailed update to come in November.Siemens Energy Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
85
Very Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.84B | 39.08B | 34.47B | 31.12B | 29.00B | 28.48B |
| Gross Profit | 8.69B | 6.58B | 4.50B | 753.00M | 3.34B | 3.42B |
| EBITDA | 5.65B | 4.20B | 3.67B | -1.58B | 1.18B | 1.12B |
| Net Income | 2.69B | 1.41B | 1.18B | -4.53B | -467.00M | -453.00M |
Balance Sheet | ||||||
| Total Assets | 63.84B | 56.64B | 50.87B | 47.91B | 51.17B | 44.14B |
| Cash, Cash Equivalents and Short-Term Investments | 11.09B | 10.19B | 7.25B | 4.59B | 8.52B | 5.92B |
| Total Debt | 2.96B | 3.97B | 3.77B | 4.78B | 3.22B | 2.73B |
| Total Liabilities | 52.66B | 45.96B | 41.51B | 39.12B | 33.99B | 28.92B |
| Stockholders Equity | 10.70B | 10.30B | 9.07B | 8.50B | 17.19B | 14.96B |
Cash Flow | ||||||
| Free Cash Flow | 7.68B | 4.10B | 1.38B | 394.00M | 1.06B | 959.00M |
| Operating Cash Flow | 9.49B | 5.82B | 2.89B | 1.62B | 2.22B | 1.95B |
| Investing Cash Flow | -2.33B | -1.62B | 1.25B | -1.63B | -1.12B | -958.00M |
| Financing Cash Flow | -4.73B | -1.14B | -2.26B | -1.13B | -568.00M | -340.00M |
Siemens Energy Technical Analysis
Positive
151.34
Price Trends
155.12
Positive
161.69
Negative
147.08
Positive
Market Momentum
0.81
Negative
58.54
Neutral
84.32
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:ENR, the sentiment is Positive. The current price of 151.34 is above the 20-day moving average (MA) of 150.98, below the 50-day MA of 155.12, and above the 200-day MA of 147.08, indicating a bullish trend. The MACD of 0.81 indicates Negative momentum. The RSI at 58.54 is Neutral, neither overbought nor oversold. The STOCH value of 84.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:ENR.
Siemens Energy Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €214.92B | 27.69 | 12.21% | 1.97% | 3.60% | -18.55% | |
71 Outperform | €137.76B | 51.02 | 20.99% | 0.46% | 9.00% | 175.47% | |
68 Neutral | €9.55B | 22.88 | 31.25% | ― | 11.69% | 564.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | €1.59B | -1.89 | -427.53% | 2.80% | 1.66% | 11.38% | |
61 Neutral | €1.62B | 19.73 | 8.04% | 1.76% | 10.63% | 203.27% | |
58 Neutral | €1.24B | 5.74 | -2.06% | 4.40% | 1.58% | ― |
* Industrials Sector Average
DE:ENR
Siemens Energy
160.72
66.28
70.19%
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DE:SIE
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23.86%
Siemens Energy Corporate Events
Business Operations and StrategyStock Buyback
Siemens Energy Advances Share Buyback, Repurchasing 4.57 Million Shares
Positive
Jul 27, 2026
Siemens Energy AG has continued its ongoing share buyback program, repurchasing 637,140 shares between July 20 and July 26, 2026 on Xetra and multilateral trading platforms CBOE DXE, Aquis Exchange Europe, and Turquoise Europe. This brings the tot...
Business Operations and StrategyStock Buyback
Siemens Energy Expands Share Buyback to Nearly 3.9 Million Shares
Positive
Jul 20, 2026
Siemens Energy AG reported the seventh interim update on its ongoing share buyback program, detailing purchases made between July 13 and July 19, 2026 across Xetra and several European multilateral trading platforms. Over this latest week, the com...
Business Operations and StrategyStock Buyback
Siemens Energy Buys Back 3.2 Million Shares Since June Launch
Positive
Jul 13, 2026
Siemens Energy has reported that it repurchased 604,090 shares between July 6 and July 12, 2026, as part of its ongoing buyback program launched in early June. During this sixth interim period, purchases were executed on Xetra and multilateral ven...
Business Operations and StrategyStock Buyback
Siemens Energy Advances Share Buyback, Reaches 2.6 Million Shares
Positive
Jul 6, 2026
Siemens Energy AG reported that it repurchased 568,485 shares between June 29 and July 5, 2026, across Xetra and multiple European multilateral trading facilities. This forms part of an ongoing buyback program that has accumulated 2,614,915 shares...
Business Operations and StrategyStock Buyback
Siemens Energy Advances Share Buyback with Over 2 Million Shares Repurchased
Positive
Jun 29, 2026
Siemens Energy AG reported that it repurchased 539,190 shares between June 22 and June 28, 2026, under its ongoing share buyback program. The purchases were executed via Xetra and several European multilateral trading platforms, at weighted averag...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Siemens Energy Advances Share Buyback, Reaches 1.5 Million Shares Repurchased
Positive
Jun 22, 2026
Siemens Energy AG has continued its ongoing share buyback program, acquiring 573,670 shares between June 15 and June 21, 2026, as part of a broader repurchase that began on June 4. In total, the company has bought back 1,507,240 shares over this p...
Business Operations and StrategyStock Buyback
Siemens Energy Buys Back 933,570 Shares in Ongoing Capital Program
Positive
Jun 15, 2026
Siemens Energy disclosed that it repurchased 696,530 of its own shares between June 8 and June 14, 2026 as part of an ongoing buyback program that began on June 4. The purchases, executed via Xetra and multilateral trading platforms including CBOE...
Business Operations and StrategyStock Buyback
Siemens Energy Launches Share Buyback, Acquires 237,040 Shares
Positive
Jun 8, 2026
Siemens Energy AG has begun a share buyback program, acquiring 237,040 shares between June 4 and June 7, 2026, following an announcement made on June 3. The purchases were executed by a commissioned institution via Xetra and multilateral trading s...
Business Operations and StrategyStock Buyback
Siemens Energy launches up to €1 billion share buyback program
Positive
Jun 3, 2026
Siemens Energy AG has approved a share buyback program starting 4 June 2026, authorizing the repurchase of up to €1 billion worth of treasury shares, capped at 57 million no-par-value shares, through Xetra and several European multilateral t...
Business Operations and StrategyStock Buyback
Siemens Energy Completes €2 Billion Share Buyback Program
Positive
May 22, 2026
Siemens Energy AG has completed its previously announced share buyback program, repurchasing a total of 12,618,469 shares between March 4 and May 19, 2026, equivalent to 1.465% of its share capital. The average purchase price was €158.4978 p...
Business Operations and StrategyStock Buyback
Siemens Energy advances buyback, repurchases over 12 million shares since March
Positive
May 18, 2026
Siemens Energy AG continued its previously announced share buyback program, repurchasing 814,870 shares between May 11 and May 17, 2026 across Xetra and multilateral trading venues including CBOE DXE, Aquis Exchange Europe and Turquoise Europe. An...
Business Operations and StrategyStock Buyback
Siemens Energy Expands Share Buyback to Over 11.6 Million Shares
Positive
May 11, 2026
Siemens Energy AG has continued its ongoing share buyback program, acquiring 795,065 shares between May 4 and May 10, 2026 across Xetra and several multilateral trading facilities. These purchases form part of a broader repurchase effort that has ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.