E.ON SE (DE:EOAN)
XETRA:EOAN
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E.ON SE
(XETRA:EOAN)
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Rating:57Neutral
Price Target:
€19.00
▲(1.06% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by balance-sheet leverage and negative free cash flow despite improved net income and solid operating cash flow. Technicals are broadly neutral, while the low P/E and dividend yield provide meaningful valuation support.
Positive Factors
Regulated networks - stable cash flows
E.ON’s regulated electricity distribution business earns tariff‑based revenue tied to a regulated asset base and permitted returns. That tariff stability produces durable, predictable cash flows and long‑duration earnings that support ongoing grid investment and reduce earnings cyclicality versus commodity exposure.
Negative Factors
Elevated leverage
Debt‑to‑equity near 2x remains elevated for a utility and limits financial flexibility. Persistent reliance on external funding raises refinancing and interest‑rate exposure, which can constrain capex timing, acquisitions or accelerated deleveraging and increase vulnerability if regulatory returns or cash flows weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated networks - stable cash flows
E.ON’s regulated electricity distribution business earns tariff‑based revenue tied to a regulated asset base and permitted returns. That tariff stability produces durable, predictable cash flows and long‑duration earnings that support ongoing grid investment and reduce earnings cyclicality versus commodity exposure.
Read all positive factors
E.ON SE (EOAN) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€47.32B
Dividend Yield3.44%
Average Volume (3M)3.65M
Price to Earnings (P/E)5.6
Beta (1Y)0.22
Revenue Growth-8.93%
EPS Growth-23.31%
CountryDE
Employees69,668
SectorGeneral
Sector StrengthN/A
IndustryDiversified Utilities
Share Statistics
EPS (TTM)1.31
Shares Outstanding2,641,318,800
10 Day Avg. Volume3,038,990
30 Day Avg. Volume3,652,347
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)2.19
Price to Sales (P/S)0.54
P/FCF Ratio-44.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€19.93Price Target Upside5.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)1.08
Revenue Forecast (FY)€79.84B
E.ON SE Business Overview & Revenue Model
Company Description
E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, Belgium, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment oper...
How the Company Makes Money
E.ON primarily makes money through two main business pillars: (1) regulated energy networks and (2) customer solutions (energy retail and energy services).
1) Regulated energy networks (electricity distribution grids)
- Revenue model: E.ON earns ...
E.ON SE Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 75.31B | 78.70B | 80.12B | 93.69B | 115.66B | 77.36B |
| Gross Profit | 15.71B | 9.11B | 22.64B | 30.87B | 8.16B | 45.00M |
| EBITDA | 9.83B | 9.53B | 13.83B | 6.00B | 7.00B | 11.09B |
| Net Income | 3.44B | 1.73B | 4.53B | 517.00M | 1.83B | 4.69B |
Balance Sheet | ||||||
| Total Assets | 117.22B | 116.41B | 111.36B | 113.51B | 134.01B | 119.76B |
| Cash, Cash Equivalents and Short-Term Investments | 5.78B | 4.35B | 7.03B | 6.96B | 8.92B | 5.23B |
| Total Debt | 43.25B | 41.16B | 39.06B | 35.44B | 34.15B | 34.66B |
| Total Liabilities | 88.39B | 90.58B | 87.19B | 93.54B | 112.14B | 101.87B |
| Stockholders Equity | 21.86B | 19.26B | 17.84B | 14.11B | 15.92B | 12.05B |
Cash Flow | ||||||
| Free Cash Flow | -387.00M | -937.00M | -1.30B | -356.00M | 5.47B | -418.00M |
| Operating Cash Flow | 7.44B | 7.00B | 5.67B | 5.65B | 10.04B | 4.07B |
| Investing Cash Flow | -6.61B | -7.02B | -6.63B | -5.59B | -3.15B | -5.40B |
| Financing Cash Flow | 1.29B | -2.28B | 1.11B | -1.84B | -3.15B | 2.26B |
E.ON SE Technical Analysis
Positive
18.80
Price Trends
18.55
Negative
17.85
Positive
16.56
Positive
Market Momentum
-0.10
Positive
49.72
Neutral
33.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:EOAN, the sentiment is Positive. The current price of 18.8 is above the 20-day moving average (MA) of 18.41, above the 50-day MA of 18.55, and above the 200-day MA of 16.56, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 49.72 is Neutral, neither overbought nor oversold. The STOCH value of 33.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:EOAN.
E.ON SE Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | €22.69B | 59.11 | -1.75% | 2.23% | -0.19% | -158.54% | |
57 Neutral | €47.32B | 5.56 | 17.97% | 3.44% | -8.93% | -23.31% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €676.39M | 7.36 | 18.71% | 1.48% | 32.80% | 81.15% | |
52 Neutral | €41.98B | 512.69 | 9.28% | 2.46% | -35.26% | -40.28% | |
49 Neutral | €1.99B | 17.66 | 3.26% | 4.07% | -6.34% | -51.78% |
* General Sector Average
DE:EOAN
E.ON SE
18.38
3.35
22.26%
DE:EBK
EnBW Energie Baden-Wurttemberg
68.20
0.72
1.06%
DE:EKT
Energiekontor
48.60
4.94
11.31%
DE:WWG
Gelsenwasser
540.00
29.34
5.74%
DE:MVV1
MVV Energie
30.00
1.01
3.49%
DE:RWE
RWE AG
56.38
23.77
72.91%
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.