Burgenland Holding Aktiengesellschaft (BHD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Burgenland Holding Aktiengesellschaft stock €42.75, price €83.00, that is 48.5% below the price, quality 74 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €60.06 – €86.00 · fair‑value band €32.54 – €54.93 · the €83.00 price screens above the €42.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Burgenland Holding, through its investment in Burgenland Energie AG, engaged in the generation, distribution, and sale of electricity and natural gas. The company also focuses on renewable energy production, including wind and photovoltaic power.
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The company was founded in 1990 and is headquartered in Eisenstadt, Austria. Burgenland Holding is a subsidiary of EVN AG.
Stock analysis
Burgenland Holding Aktiengesellschaft (BHD) currently trades at €83.00, while our model-based Fair Value estimate is €42.75, 48% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €58.36 per share, and 0 of the 15 models we run sit above the €83.00 price.
Bear case: the Economic Profit group reads lowest at €29.78, and 15 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €32.54 (bear) to €54.93 (bull), the price of €83.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Utilities sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Burgenland Holding Aktiengesellschaft reported revenue of €12.4M in FY2025 versus €10.6M in FY2021, a compound +4.1%/yr. Reported net income was €12.1M in FY2025, compounding +4.0%/yr from FY2021.
Key figures
Market cap €249M Micro · P/E ratio 20.6 · P/S ratio 20.1 · EPS (TTM) €4.03 · Dividend yield 4.9% · Net margin 97.6% · Return on equity 14.7% · Return on assets (EBIT) 10.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 75 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −47% fair-value upside, at −48%, BHD screens richer than that median.
Fair Value models
Bear€32.54Fair Value €42.75Bull€54.93
Price €83.00 · Downside -48.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.70/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.5%
Start year 2020 (pandemic). Over 10 years: +3.9% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+8.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.3%
Dividend (yield on the price)4.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3.3% vs 3.8%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−2% → −2%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +12.6% a year for the price.
Compare Burgenland Holding Aktiengesellschaft with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Diversified · 49 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−48.5% · Below median
Profitability
Return on equity (12 months)14.7% · Top 25%
Return on assets14.7% · Top 25%
Net margin (12 months)97.6% · Top 25%
Operating margin (12 months)0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−50.0% · Bottom 25%
Dividend yield (12 months)4.9% · Top 25%
Valuation Multiplesvs Utilities - Diversified median · lower = cheaper
P/E (12 months)20.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 43
PAST (return on equity)59· sector 35
HEALTH (low debt)0· sector 48
DIVIDEND (yield)98· sector 82
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Burgenland Holding Aktiengesellschaft (BHD) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €42.75 versus a price of €83.00, about 48% lower (overvalued).
What is the fair value of BHD?
Our model-based fair value for Burgenland Holding Aktiengesellschaft is €42.75 (as of Nov 7, 2026), built from audited fundamentals. The current price: €83.00.
What is the quality score of BHD?
Burgenland Holding Aktiengesellschaft has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Burgenland Holding Aktiengesellschaft (BHD)?
Our model-based price target is the fair value of €42.75 (as of Nov 7, 2026) from 15 valuation models. Cautious scenario €32.54, optimistic scenario €54.93. It is a calculation from audited fundamentals, not an analyst target.
What is the Burgenland Holding Aktiengesellschaft stock forecast for 2026?
Our models put fair value at €42.75, about 48% lower versus a price of €83.00 (overvalued). Cautious scenario €32.54, optimistic scenario €54.93. The calculation is refreshed regularly with new filings.
Does Burgenland Holding Aktiengesellschaft pay a dividend?
Burgenland Holding Aktiengesellschaft currently shows a dividend yield of 4.88% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Burgenland Holding Aktiengesellschaft (BHD) and when is the ex-dividend date?
Burgenland Holding Aktiengesellschaft pays a dividend of €4.05 per share a year, a dividend yield of 4.9%. The last ex-dividend date was Mar 19, 2026. A dividend has been paid every year since at least 2001. The payout ratio is 100% of earnings. Free cash flow covers the dividend 0.95 times. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What growth is priced into Burgenland Holding Aktiengesellschaft (BHD)?
For today's price to be fair in a discounted-cash-flow model, Burgenland Holding Aktiengesellschaft would have to grow free cash flow by +15.0 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.5 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of BHD use?
Our models discount Burgenland Holding Aktiengesellschaft at 11.4 %: a base by market capitalisation (micro), damped by beta 0.11, country premium for Austria. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Burgenland Holding Aktiengesellschaft that is +15.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Burgenland Holding Aktiengesellschaft (BHD) delivered so far?
Over the past 5 years revenue at Burgenland Holding Aktiengesellschaft grew +3.5 % a year. The price currently implies free-cash-flow growth of +15.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Burgenland Holding Aktiengesellschaft (BHD) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Burgenland Holding Aktiengesellschaft (+15.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Burgenland Holding Aktiengesellschaft (BHD)?
The free-cash-flow yield on the price is 4.63 %: that much free cash flow Burgenland Holding Aktiengesellschaft produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Burgenland Holding Aktiengesellschaft (BHD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Burgenland Holding Aktiengesellschaft it is €42.75 per share (as of Nov 7, 2026), against a price of €83.00. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Burgenland Holding Aktiengesellschaft stock overvalued or undervalued in 2026?
As of Nov 7, 2026, BHD trades above its calculated fair value: price €83.00, fair value €42.75, a gap of about −48% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BHD?
No. The price is what the market pays today (€83.00); the fair value is what the company's own numbers justify (€42.75). For Burgenland Holding Aktiengesellschaft the two are €40.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Burgenland Holding Aktiengesellschaft worth?
The market values Burgenland Holding Aktiengesellschaft at about €249M (market capitalisation, as of Nov 7, 2026). Per share that is €83.00; our models calculate a fair value of €42.75 per share.
What do the bullish and bearish scenarios say about BHD?
Our models span a range for Burgenland Holding Aktiengesellschaft: cautious scenario €32.54, base €42.75, optimistic €54.93 per share (as of Nov 7, 2026, price €83.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BHD?
Burgenland Holding Aktiengesellschaft trades at a price-to-earnings ratio of 20.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €42.75 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 22.0.
How solid is the balance sheet of Burgenland Holding Aktiengesellschaft (BHD)?
Balance-sheet figures for Burgenland Holding Aktiengesellschaft (as of Nov 7, 2026): return on equity 14.7%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is BHD from its 52-week high?
Burgenland Holding Aktiengesellschaft trades at €83.00, about 3% below its 52-week high of €86.00 and 22% above the low of €68.09 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €42.75 is for.
Which stocks are comparable to Burgenland Holding Aktiengesellschaft?
From the same area (Utilities) we also value Iberdrola, S.A, Enel SpA, Engie SA, E.ON SE, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Burgenland Holding Aktiengesellschaft stock attractive at the current price?
The data as of Nov 7, 2026: price €83.00, calculated fair value €42.75 (−48%), Quality Score 74/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BHD calculated?
We run Burgenland Holding Aktiengesellschaft through 15 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €42.75 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Burgenland Holding Aktiengesellschaft itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Burgenland Holding Aktiengesellschaft (BHD)?
The closing price on Nov 6, 2026 was €83.00. Our model-based fair value is €42.75, about 48% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Burgenland Holding Aktiengesellschaft right now?
The price sits above even our optimistic bull case (€54.93). The favourable scenario is already priced in. Solid but not exceptional quality (74/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Burgenland Holding Aktiengesellschaft
How large is the market capitalisation of Burgenland Holding Aktiengesellschaft (BHD)?
The market capitalisation of Burgenland Holding Aktiengesellschaft is €249M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Burgenland Holding Aktiengesellschaft (BHD)?
The price-to-sales ratio of Burgenland Holding Aktiengesellschaft is 20.1 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Burgenland Holding Aktiengesellschaft (BHD)?
Earnings per share at Burgenland Holding Aktiengesellschaft are €4.03 (price ÷ EPS = P/E 20.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Burgenland Holding Aktiengesellschaft (BHD)?
The dividend yield of Burgenland Holding Aktiengesellschaft is 4.9% (payout 100%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Burgenland Holding Aktiengesellschaft (BHD)?
The net margin of Burgenland Holding Aktiengesellschaft is 97.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Burgenland Holding Aktiengesellschaft (BHD)?
The return on equity (ROE) of Burgenland Holding Aktiengesellschaft is 14.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Burgenland Holding Aktiengesellschaft (BHD)?
On an EBIT basis the return on assets of Burgenland Holding Aktiengesellschaft is 10.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast is revenue growing at Burgenland Holding Aktiengesellschaft (BHD)?
Revenue at Burgenland Holding Aktiengesellschaft is growing −50.0% versus a year earlier (3y avg +5.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Burgenland Holding Aktiengesellschaft (BHD)?
Earnings per share at Burgenland Holding Aktiengesellschaft are growing −0.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Burgenland Holding Aktiengesellschaft (BHD) hold?
Burgenland Holding Aktiengesellschaft holds more cash than debt, €1.4K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 7, 2026