Burgenland Holding (BHD) Fair Value & Analysis
Utilities · AT · Market cap €252M
Fair value as of: Jul 19, 2026
From 15 valuation models · updated 22 days ago
Share price +0.6% over the past month.
A solid business, but screening 40% overvalued on our models.
What matters now
- A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (€61.91). The favourable scenario is already priced in.
- A fairly wide model range (€33.76 to €61.91) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.
How to read this chart
60‑month range €60.06 – €86.00 · fair‑value band €33.76 – €61.91 · the €82.50 price screens above the €49.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.
Analysis
Burgenland Holding (BHD) currently trades at €82.50, while our model-based Fair Value estimate is €49.53, implying the stock looks roughly 40.0% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Trailing-twelve-month revenue stands at €220. Revenue declined 50.0% year over year. It earns a return on equity of 14.8%. The stock trades on a trailing P/E of 19.9. Fundamentals as of Jul 19, 2026
Our scenario range runs from €33.76 (bear case) to €61.91 (bull case); at €82.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -48% fair-value upside, at -40%, BHD screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 15 models by family
Widest divergence: Growth Earnings (€59.05) versus Multiples (€10.37). Highest evidence: Growth DCF (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 63
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Burgenland Holding Aktiengesellschaft, 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. The company was founded in 1990 and is headquartered in Eisenstadt, Austria.
Full company description
Burgenland Holding Aktiengesellschaft, 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. The company was founded in 1990 and is headquartered in Eisenstadt, Austria. Burgenland Holding Aktiengesellschaft is a subsidiary of EVN AG.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Burgenland Holding 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.
BHD screens 40% overvalued. Compare with Iberdrola, S.A →
Peer Group
Utilities - Diversified · 51 stocks
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.
Valuation Multiples vs Utilities - Diversified median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Iberdrola, S.A IBE | €21.25 | €9.34 | -56% |
| Enel SpA ENEL | €10.28 | €5.83 | -43% |
| Engie SA 1ENGI | €26.59 | €17.39 | -35% |
| Sempra SRE | $93.15 | $47.77 | -49% |
| E.ON SE EOAN | €19.34 | €11.71 | -39% |
| RWE Aktiengesellschaft generates and 1RWE | €56.52 | €29.64 | -48% |
| ACWA Power Company 2082 | 198.20 SAR | 25.38 SAR | -87% |
| Brookfield Infrastructure Partners L.P. BIPUN | C$55.05 | C$17.66 | -68% |
| EnBW Energie Baden-Württemberg AG EBK | €69.00 | €21.11 | -69% |
| EDP, S.A EDP | €4.41 | €3.81 | -14% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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