Siemens Energy Ag (DE:ENR)
OTHER OTC:ENR
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Siemens Energy
(OTC:ENR)
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Rating:67Neutral
Price Target:
€183.00
▲(6.36% Upside)
Action:Downgraded
Date:06/11/26
The score is supported primarily by a strong financial turnaround and robust cash flow generation, with improving leverage metrics. This is tempered by weak near-term technical momentum (below key moving averages with negative MACD) and a relatively expensive valuation (high P/E with low yield).
Positive Factors
Free cash flow generation
Siemens Energy's strong TTM cash conversion (operating cash ~€7.8B; FCF ~€5.9B) supports durable internal funding for capex, servicing installed assets and deleveraging. High FCF relative to earnings improves resilience and strategic optionality across cycles.
Negative Factors
Historical earnings volatility and execution risk
A recent deep loss and historically volatile results highlight execution sensitivity on large projects. Sustaining profit recovery requires consistent project execution and backlog management; another major execution failure could rapidly reverse margins and returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Siemens Energy's strong TTM cash conversion (operating cash ~€7.8B; FCF ~€5.9B) supports durable internal funding for capex, servicing installed assets and deleveraging. High FCF relative to earnings improves resilience and strategic optionality across cycles.
Read all positive factors
Siemens Energy (ENR) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€143.91B
Dividend YieldN/A
Average Volume (3M)2.75M
Price to Earnings (P/E)65.3
Beta (1Y)1.39
Revenue Growth7.21%
EPS Growth852.54%
CountryDE
Employees98,000
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.58
Shares Outstanding861,104,900
10 Day Avg. Volume3,289,337
30 Day Avg. Volume2,752,186
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
€196.42Price Target Upside14.16% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)4.32
Revenue Forecast (FY)€43.96B
Siemens Energy Business Overview & Revenue Model
Company Description
Siemens Energy AG operates worldwide as a prominent energy technology company. Its operations are organized into two main divisions: Gas and Power, and Siemens Gamesa Renewable Energy. The Gas and Power segment supplies a comprehensive range of eq...
How the Company Makes Money
Siemens Energy primarily makes money by selling large-scale energy equipment and providing multi-year services tied to that installed base. Revenue is generated through (1) one-time project and equipment sales—such as gas turbines, steam turbines,...
Siemens Energy Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call reported a strong operational quarter with record orders, backlog expansion, margin improvement and exceptional free cash flow supported by broad demand across Gas Services and Grid Technologies. Significant progress at Siemens Gamesa and strategic investments (U.S. expansion, European capacity builds) and credit upgrades underpin a constructive outlook. Key cautions include reliance on reservation fees and timing effects behind cash flow, supply‑chain pressure and longer lead times, a still‑negative cash profile at Siemens Gamesa, and FX headwinds. On balance, the positive developments and scale of improvements outweigh the challenges, though several items are non‑recurring or dependent on execution.Positive Updates
Record Quarterly Orders and Book-to-Bill
Orders of EUR 17.6 billion in Q1, up 34% year‑over‑year on a comparable basis; book‑to‑bill ratio 1.82 and segment book‑to‑bill metrics (e.g., Gas Services 2.83, Grid Technologies 1.95).
Negative Updates
Siemens Gamesa Negative Free Cash Flow and Ongoing Losses
Siemens Gamesa free cash flow pretax was -EUR 545 million in Q1 (including EUR 101 million quality‑related cash out); PBE still negative at -EUR 46 million despite improvement, indicating ongoing turnaround risks.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Quarterly Orders and Book-to-Bill
Orders of EUR 17.6 billion in Q1, up 34% year‑over‑year on a comparable basis; book‑to‑bill ratio 1.82 and segment book‑to‑bill metrics (e.g., Gas Services 2.83, Grid Technologies 1.95).
Read all positive updates
Company Guidance
Management reiterated that FY‑2026 guidance and FY‑2028 targets remain unchanged and said the company is “fully on track” after a very strong start: Q1 orders €17.6bn (group book‑to‑bill 1.82) lifted backlog to a record €146bn (45% services), providing ~90% revenue coverage for the remainder of FY‑26 and just over 70% for FY‑27; Q1 revenue €9.7bn (+12.8% comp), profit before special items €1,159m (12% margin, +660bps y/y), net income €746m and record free cash flow pretax €2.9bn; CapEx guidance remains ~5% of revenues (~€2.5bn); segment detail included Gas Services orders €8.8bn (102 turbines, ~13 GW new orders; 12 GW converted from reservations; book‑to‑bill 2.83; backlog €60bn; PBSI €515m, 16.6% margin; FCF pretax €1.9bn), Grid Technologies orders €6.0bn (book‑to‑bill 1.95; backlog €45bn; revenue €3.1bn; PBSI €538m, 17.6% margin; FCF pretax €1.8bn) and Siemens Gamesa showing improvement to PBSI –€46m (Q1 revenue €2.4bn; Q1 FCF pretax –€545m, incl. €101m quality cash out); balance‑sheet/returns actions include adjusted net cash €7.6bn, proposed dividend €0.70/sh (~€600m) and a share buyback program up to €6bn through FY‑28. Management cautioned on H1 seasonality and timing effects and will reassess at mid‑year.Siemens Energy Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.14B | 39.08B | 34.47B | 31.12B | 29.00B | 28.48B |
| Gross Profit | 7.56B | 6.58B | 4.50B | 753.00M | 3.34B | 3.42B |
| EBITDA | 5.07B | 4.20B | 3.67B | -1.58B | 1.18B | 1.12B |
| Net Income | 2.23B | 1.41B | 1.18B | -4.53B | -467.00M | -453.00M |
Balance Sheet | ||||||
| Total Assets | 61.86B | 56.64B | 50.87B | 47.91B | 51.17B | 44.14B |
| Cash, Cash Equivalents and Short-Term Investments | 13.11B | 10.19B | 7.25B | 4.59B | 8.52B | 5.92B |
| Total Debt | 3.73B | 3.96B | 3.77B | 4.78B | 3.22B | 2.73B |
| Total Liabilities | 50.74B | 45.96B | 41.51B | 39.12B | 33.99B | 28.92B |
| Stockholders Equity | 10.75B | 10.30B | 9.07B | 8.50B | 17.19B | 14.96B |
Cash Flow | ||||||
| Free Cash Flow | 5.92B | 4.10B | 1.38B | 394.00M | 1.06B | 959.00M |
| Operating Cash Flow | 7.77B | 5.82B | 2.89B | 1.62B | 2.22B | 1.95B |
| Investing Cash Flow | -1.95B | -1.62B | 1.25B | -1.63B | -1.12B | -958.00M |
| Financing Cash Flow | -3.03B | -1.14B | -2.26B | -1.13B | -568.00M | -340.00M |
Siemens Energy Technical Analysis
Positive
172.06
Price Trends
169.21
Negative
161.66
Positive
136.31
Positive
Market Momentum
-2.09
Negative
55.88
Neutral
93.35
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 172.06 is above the 20-day moving average (MA) of 161.03, above the 50-day MA of 169.21, and above the 200-day MA of 136.31, indicating a neutral trend. The MACD of -2.09 indicates Negative momentum. The RSI at 55.88 is Neutral, neither overbought nor oversold. The STOCH value of 93.35 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 | €209.24B | 27.32 | 12.22% | 2.18% | 2.41% | -20.54% | |
67 Neutral | €143.91B | 65.26 | 20.99% | ― | 7.21% | 852.54% | |
66 Neutral | €1.51B | 17.79 | 6.02% | 2.03% | 12.81% | 122.97% | |
66 Neutral | €1.52B | 55.16 | 16.47% | 2.76% | 2.34% | 19.31% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | €11.30B | 33.51 | 27.32% | ― | 7.63% | 973.99% | |
57 Neutral | €1.36B | -32.76 | -3.44% | 3.12% | -2.35% | 89.53% |
* Industrials Sector Average
DE:ENR
Siemens Energy
168.92
81.97
94.27%
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47.72
31.14
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9.89
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DE:DUE
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DE:KSB
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882.00
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DE:SIE
Siemens
274.50
70.05
34.26%
Siemens Energy Corporate Events
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 ...
Business Operations and StrategyStock Buyback
Siemens Energy Repurchases Over 10.8 Million Shares in Ongoing Buyback
Positive
May 4, 2026
Siemens Energy AG continued its ongoing share buyback program, repurchasing 635,459 shares between April 27 and May 3, 2026 across Xetra and several European multilateral trading platforms. The weighted average prices ranged roughly between EUR 17...
Financial DisclosuresRegulatory Filings and Compliance
Siemens Energy Sets May Date for 2026 Half-Year Results Release
Neutral
Apr 28, 2026
Siemens Energy AG has scheduled the release of its group half-year report for the 2026 financial year, covering the period from October 1, 2025 to March 31, 2026. The report is set to be published on May 12, 2026 on the company’s investor re...
Business Operations and StrategyStock Buyback
Siemens Energy Repurchases Over 10 Million Shares Under Ongoing Buyback
Positive
Apr 27, 2026
Siemens Energy AG continued its previously announced share buyback program, acquiring 735,071 shares between April 20 and April 26, 2026 across Xetra and multilateral trading platforms CBOE DXE, Aquis Exchange Europe, and Turquoise Europe. The wei...
Business Operations and StrategyFinancial Disclosures
Siemens Energy lifts 2026 outlook as orders surge and margins improve
Positive
Apr 23, 2026
Siemens Energy raised its full-year 2026 guidance on the back of strong first-half performance and robust market demand, now targeting comparable revenue growth of 14% to 16%, a profit margin before special items of 10% to 12% and net income of ar...
Business Operations and StrategyStock Buyback
Siemens Energy Lifts Share Buyback to 9.45 Million Shares Since March
Positive
Apr 20, 2026
Siemens Energy AG continued its ongoing share buyback program, repurchasing 1,030,930 shares between April 13 and April 19, 2026 across Xetra and several multilateral trading platforms at weighted average prices around the mid- to high-€160 ...
Regulatory Filings and Compliance
Goldman Sachs Cuts Siemens Energy Voting Stake to Below 5%
Neutral
Apr 17, 2026
Siemens Energy AG has disclosed a change in major shareholdings after The Goldman Sachs Group, Inc. adjusted its position in the company’s voting rights. According to the notification, Goldman Sachs’ total stake through shares and fina...
Business Operations and StrategyStock Buyback
Siemens Energy Expands Ongoing Share Buyback to 8.4 Million Shares
Positive
Apr 13, 2026
Siemens Energy AG disclosed that it repurchased 1,088,625 shares between April 7 and April 12, 2026, under its ongoing share buyback program initiated in early March. During this period, shares were acquired on Xetra and multilateral trading venue...
Regulatory Filings and Compliance
BlackRock Slightly Raises Stake in Siemens Energy to 7.83%
Positive
Apr 10, 2026
Siemens Energy has disclosed a change in its shareholder structure following a voting rights notification from U.S.-based asset manager BlackRock, Inc. BlackRock’s total holding in Siemens Energy, including shares and financial instruments, ...
Regulatory Filings and Compliance
Goldman Sachs Lifts Siemens Energy Stake to 6.5%
Positive
Apr 10, 2026
Siemens Energy has disclosed a change in its shareholder structure after The Goldman Sachs Group, Inc. increased its stake in the company, triggering a mandatory voting rights announcement under German securities law. Goldman Sachs now holds 6.5% ...
Regulatory Filings and Compliance
Siemens Energy Discloses Share Sale by Supervisory Board Member
Neutral
Apr 9, 2026
Siemens Energy has disclosed a manager’s transaction under Article 19 of the EU Market Abuse Regulation, reporting that supervisory board member Robert Kensbock sold company shares on 8 April 2026. The transaction, executed via the Xetra tra...
Business Operations and StrategyStock Buyback
Siemens Energy Expands Share Buyback to Over 7.3 Million Shares
Positive
Apr 7, 2026
Siemens Energy has reported the fifth interim update on its ongoing share buyback program, confirming that it repurchased 1,483,943 shares between March 30 and April 6, 2026 across Xetra and several European multilateral trading platforms. The tra...
Business Operations and StrategyRegulatory Filings and Compliance
Siemens AG Cuts Siemens Energy Stake to 5.54% of Voting Rights
Neutral
Apr 2, 2026
Siemens Energy AG has disclosed a change in its shareholder structure following a voting rights notification under German securities law. Siemens AG, through Siemens Beteiligungen Inland GmbH, has reduced its stake in Siemens Energy to 5.54% of vo...
Regulatory Filings and Compliance
BlackRock Trims but Maintains Significant 7.77% Stake in Siemens Energy
Neutral
Apr 1, 2026
BlackRock, Inc., the U.S. asset management group, has notified Siemens Energy that its total shareholding and related instruments in the German energy company now amount to 7.77% of the voting rights. The position consists of 7.33% of voting right...
Business Operations and StrategyStock Buyback
Siemens Energy Buys Back 5.8 Million Shares in March Program
Positive
Mar 30, 2026
Siemens Energy AG reported that it repurchased 1,550,342 shares between March 23 and March 29, 2026, as part of its ongoing share buyback program launched earlier in the month. The purchases were executed via Xetra and multilateral venues CBOE DXE...
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.