Uniper (DE:UN0)
XETRA:UN0
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Uniper
(XETRA:UN0)
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Rating:61Neutral
Price Target:
€47.00
▲(17.94% Upside)
Action:Reiterated
Date:05/14/26
Score is held back primarily by volatile fundamentals—declining revenue, weak latest TTM operating profitability, and uneven cash generation—despite a substantially de-risked balance sheet. Technicals are supportive with the stock in an uptrend and positive momentum, while valuation appears moderate based on the P/E.
Positive Factors
Balance sheet strength
Debt reduced to roughly 0.14x of equity and rebuilt equity since the 2021–2022 stress materially improves financial resilience. A de-risked capital structure increases flexibility to withstand commodity cycles, fund required maintenance or hedges, and pursue selective investments over months.
Negative Factors
Declining revenue and weak operating profitability
Sustained revenue decline coupled with negative operating profit and EBITDA margins in the latest TTM undermines core earnings sustainability. Poor operating margin durability reduces internal funding for capex or hedges and forces reliance on non‑operating items or external support to sustain distributions or investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Debt reduced to roughly 0.14x of equity and rebuilt equity since the 2021–2022 stress materially improves financial resilience. A de-risked capital structure increases flexibility to withstand commodity cycles, fund required maintenance or hedges, and pursue selective investments over months.
Read all positive factors
Uniper (UN0) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€18.24B
Dividend YieldN/A
Average Volume (3M)4.48K
Price to Earnings (P/E)12.2
Beta (1Y)0.44
Revenue Growth-21.78%
EPS GrowthN/A
CountryDE
Employees7,431
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)3.96
Shares Outstanding416,475,340
10 Day Avg. Volume5,252
30 Day Avg. Volume4,482
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.15
Price to Sales (P/S)0.22
P/FCF Ratio-8.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€34.00Price Target Upside-14.68% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)1.35
Revenue Forecast (FY)€61.66B
Uniper Business Overview & Revenue Model
Company Description
Uniper SE operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally. It operates in three segments: Green Generation, Flexible Generation, and Greener Commodities. The Green Generation segment op...
How the Company Makes Money
Uniper makes money primarily by selling energy and related services across wholesale and, where applicable, structured supply arrangements. Key revenue streams typically include: (1) Power generation: earning revenue from producing electricity and...
Uniper Earnings Call Summary
Earnings Call Date:Nov 06, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Neutral
Uniper reported a solid financial performance with strong cash position and strategic progress, despite facing challenges in gas sales, power generation, and certain segments. The extension of management contracts and investment in transformation support a positive outlook.Positive Updates
Solid Financial Performance
Group adjusted EBITDA amounted to EUR 641 million and group adjusted net income reached EUR 268 million despite challenging market conditions.
Negative Updates
Decline in Gas Sales and Power Generation
Uniper experienced a decline in gas sales and lower electricity generation volume, influenced by portfolio changes and plant outages.
Read all updates
Q3-2025 Updates
Positive
Negative
Solid Financial Performance
Group adjusted EBITDA amounted to EUR 641 million and group adjusted net income reached EUR 268 million despite challenging market conditions.
Read all positive updates
Company Guidance
During the Uniper Analyst and Investor Conference Call for the first nine months of fiscal year 2025, Uniper reported solid financial results despite a challenging market environment. The company announced a group adjusted EBITDA of EUR 641 million and an adjusted net income of EUR 268 million for the period. The financial outlook for the full year 2025 was confirmed, with expectations for adjusted EBITDA ranging between EUR 1 billion and EUR 1.3 billion, and adjusted net income between EUR 350 million and EUR 550 million. Uniper also highlighted a strong net cash position of EUR 3.3 billion as of the end of September 2025, despite the full payment of EUR 2.6 billion of contractual recovery claims. Additionally, the company reduced its KfW credit line from EUR 5 billion to EUR 1 billion and launched a Green Finance framework to support future green bond issuances. The management team emphasized ongoing strategic transformation efforts, with EUR 610 million invested in the year, primarily in Flexible Generation and Green Generation segments.Uniper Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
72
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.03B | 60.95B | 69.64B | 107.92B | 274.12B | 162.97B |
| Gross Profit | 1.42B | 1.11B | 5.37B | 2.72B | -4.63B | 4.70B |
| EBITDA | -9.04B | 894.00M | 3.39B | 8.24B | -11.40B | -3.75B |
| Net Income | 1.65B | 1.40B | 297.00M | 6.31B | -19.00B | -4.17B |
Balance Sheet | ||||||
| Total Assets | 41.00B | 35.87B | 38.49B | 54.96B | 146.92B | 157.48B |
| Cash, Cash Equivalents and Short-Term Investments | 7.39B | 5.52B | 6.73B | 4.26B | 4.63B | 2.97B |
| Total Debt | 1.71B | 1.62B | 1.90B | 1.85B | 11.94B | 8.97B |
| Total Liabilities | 28.61B | 23.81B | 27.95B | 44.52B | 142.53B | 150.69B |
| Stockholders Equity | 12.23B | 11.89B | 10.38B | 10.21B | 4.19B | 6.30B |
Cash Flow | ||||||
| Free Cash Flow | 1.11B | -1.59B | 984.00M | 5.99B | -15.60B | 3.04B |
| Operating Cash Flow | 1.87B | -814.00M | 1.67B | 6.55B | -15.08B | 3.62B |
| Investing Cash Flow | -687.00M | 322.00M | -432.00M | 3.09B | 1.23B | -7.52B |
| Financing Cash Flow | -397.00M | -318.00M | 1.00M | -10.12B | 15.95B | 6.56B |
Uniper Technical Analysis
Positive
39.85
Price Trends
37.40
Positive
36.05
Positive
35.24
Positive
Market Momentum
0.77
Positive
52.63
Neutral
43.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:UN0, the sentiment is Positive. The current price of 39.85 is above the 20-day moving average (MA) of 39.76, above the 50-day MA of 37.40, and above the 200-day MA of 35.24, indicating a bullish trend. The MACD of 0.77 indicates Positive momentum. The RSI at 52.63 is Neutral, neither overbought nor oversold. The STOCH value of 43.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:UN0.
Uniper Peers Comparison
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DE:UN0
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43.80
4.25
10.75%
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DE:ETG
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-27.18%
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.