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EVN AG (EVN) Fair Value & Analysis

Utilities · AT · Market cap €5.0B

EA EVN AG EVN · VI
Price€29.05
Fair Value€30.52
Upside+5.1%
Quality91/100
Evidence: High Range €28.96 – €35.49

Fair value as of: Jun 24, 2026

From 21 valuation models · updated 5 days ago

Share price +3.2% over the past month.

Price vs Fair Value (12 months)

€29.70 €22.03 Fair Value €30.52 Jun 2025 Jun 2026

12‑month range €22.03 – €29.70 · fair‑value band €28.96 – €35.49 · the €29.05 price screens below the €30.52 fair value. As of Jun 24, 2026.

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Analysis

EVN AG (EVN) currently trades at €29.05, while our model-based Fair Value estimate is €30.52 — implying the stock looks roughly 5.1% undervalued today. We read business quality at 91/100 (high quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, EVN AG generated revenue of €3.1B at a net margin of 16.1%. Revenue grew 7.6% year over year. It earns a return on equity of 8.1%. Net debt stands at €1.1B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €3.1B
Revenue growth (YoY) +7.6%
Net margin 16.1%
Return on equity 8.1%
Free cash flow €25.8M FY2025
P/E ratio 10.1
More key figures
Operating margin 16.5%
EPS (TTM) €2.80
Dividend yield 3.2%
EPS growth (YoY) +46.5%
Net debt €1.1B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

EVN AG provides energy and environmental services in Austria, Bulgaria, North Macedonia, Croatia, Germany, and Albania. The company operates through Energy, Generation, Networks, South East Europe, Environmental, and All Other segments. It is involved in energy generation; operation of distribution networks; production and supply of electricity, natural gas, and heat to end customers, as well as investment activities. The company also offers environmental services, such as supply of drinking water; procures, trades, markets, and sells electricity, natural gas, and primary energy carriers to end customers and wholesale markets. In addition, it plans, constructs, finances, and/or operates water supply, wastewater treatment, and thermal waste utilization services; provides internet and telecommunication services; generates electricity from renewable energy, hydropower, and photovoltaics; and constructs and operates natural gas networks. The company was founded in 1922 and is based in M…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EVN AG reported revenue of €3.0B in FY2025 versus €2.4B in FY2021, a compound +5.8%/yr. Reported net income was €437M in FY2025, compounding +7.6%/yr from FY2021.

Revenue +5.8%/yr
FY21 €2.4B
FY22 €4.1B
FY23 €3.8B
FY24 €2.9B
FY25 €3.0B
Net income +7.6%/yr
FY21 €325M
FY22 €210M
FY23 €530M
FY24 €472M
FY25 €437M

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Enel SpA ESOCF $11.69 $6.32 -46%
Engie SA ENGIY $30.67 $30.11 -2%
Sempra SRE $91.62 $43.35 -53%
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Frequently asked questions

Is EVN AG (EVN) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €30.52 versus a price of €29.05 — about +5% (undervalued). Model-based estimate, not financial advice.
What is the fair value of EVN?
Our 21-model fair value for EVN AG is €30.52 (as of Jun 24, 2026), built from audited fundamentals. The current price is €29.05.
What is the quality score of EVN?
EVN AG has a Quality Score of 91/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of EVN AG (EVN)?
EVN AG reported trailing-twelve-month revenue of about €3.1B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of EVN?
The net profit margin of EVN AG is about 16.1%, meaning it keeps roughly 16.1% of revenue as net income. Based on the latest reported figures.
Does EVN AG pay a dividend?
EVN AG currently shows a dividend yield of about 3.22% relative to its recent price (as of Jun 24, 2026).

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.