Uniper (DE:UN0)
XETRA:UN0
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Uniper
(XETRA:UN0)
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Rating:63Neutral
Price Target:
€56.00
▲(40.53% Upside)
Action:Reiterated
Date:05/21/26
The score is driven by strong technical momentum (price well above key moving averages with positive MACD), partially offset by uneven financial performance—especially the latest TTM operating loss and volatile cash flows—while valuation is moderately supportive on P/E but lacks dividend support.
Positive Factors
De-risked balance sheet
Low leverage and rebuilt equity materially reduce financing vulnerability versus recent years. A debt-to-equity near 0.14 gives the company durable capacity to absorb commodity shocks, fund working capital or capex, and avoid urgent refinancing pressure over the next several quarters.
Negative Factors
Deteriorated operating profitability
Persistent negative operating profit and EBITDA margins signal core-generation and trading economics under stress. Reliance on non-operating items to report net income weakens sustainable earnings power and limits internal funding for capex or resilience against prolonged commodity downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked balance sheet
Low leverage and rebuilt equity materially reduce financing vulnerability versus recent years. A debt-to-equity near 0.14 gives the company durable capacity to absorb commodity shocks, fund working capital or capex, and avoid urgent refinancing pressure over the next several quarters.
Read all positive factors
Uniper (UN0) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€19.03B
Dividend YieldN/A
Average Volume (3M)4.48K
Price to Earnings (P/E)11.5
Beta (1Y)0.54
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)1.36
Revenue Forecast (FY)€59.39B
Uniper Business Overview & Revenue Model
Company Description
Uniper SE serves as a global energy provider, with substantial operations throughout Germany, the United Kingdom, Sweden, and other European nations. Its extensive business is organized into three primary divisions: Green Generation, Flexible Gene...
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 11, 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
43.57
Positive
39.75
Positive
36.32
Positive
Market Momentum
0.51
Positive
50.29
Neutral
21.17
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 below the 20-day moving average (MA) of 47.25, below the 50-day MA of 43.57, and above the 200-day MA of 36.32, indicating a neutral trend. The MACD of 0.51 indicates Positive momentum. The RSI at 50.29 is Neutral, neither overbought nor oversold. The STOCH value of 21.17 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
UnderperformOutperform
Sector (66)
DE:UN0
Uniper
45.70
6.98
18.04%
DE:3SQ1
A.H.T. Syngas Technology N.V.
2.98
-1.64
-35.50%
DE:MNV6
Mainova AG
366.00
24.31
7.12%
DE:LEC
Lechwerke AG
67.50
-0.18
-0.27%
DE:FHW
Fernheizwerk Neukoelln AG
19.30
-3.19
-14.17%
DE:ETG
EnviTec Biogas AG
20.30
-5.08
-20.02%
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.