Lechwerke AG (LEC) Fair Value & Analysis
Utilities · DE · Market cap €2.3B
Strengths
Risks
Fair value as of: Aug 20, 2026
From 21 valuation models · updated yesterday
Share price −2.3% over the past month.
A solid business, but screening 56% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (€35.11). The favourable scenario is already priced in.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.
How to read this chart
60‑month range €60.64 – €140.80 · fair‑value band €21.07 – €35.11 · the €64.50 price screens above the €28.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.
Analysis
Lechwerke AG (LEC) currently trades at €64.50, while our model-based Fair Value estimate is €28.09, implying the stock looks roughly 56.5% overvalued today. The Quality Score stands at 60/100 (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).
Over the trailing twelve months, Lechwerke AG generated revenue of €934M at a net margin of 10.6%. Revenue declined 21.2% year over year. It earns a return on equity of 17.9%. The stock trades on a trailing P/E of 23.1. Fundamentals as of Aug 20, 2026
Our scenario range runs from €21.07 (bear case) to €35.11 (bull case); at €64.50, 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 12% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -48% fair-value upside, at -56%, LEC screens richer 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 21 models by family
Widest divergence: Growth Earnings (€38.29) versus Earnings-Based (€5.17). Highest evidence: Growth DCF (80).
Notify me when LEC reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 50
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
Lechwerke AG, together with its subsidiaries, operates as an energy supplier in Germany. The company supplies electricity and gas to home private and commercial customers, business customers, municipalities, and energy solutions.
Full company description
Lechwerke AG, together with its subsidiaries, operates as an energy supplier in Germany. The company supplies electricity and gas to home private and commercial customers, business customers, municipalities, and energy solutions. It also supplies electricity from renewable energies, including hydropower, solar and wind power, and geothermal and biomass energy; heat electricity; solar energy; and e-mobility services. In addition, it offers energy inspections, maintenance, and repairs services; telecommunications; fibre optics; energy consulting and LED lighting systems. The company was founded in 1903 and is based in Augsburg, Germany. Lechwerke AG operates as a subsidiary of innogy SE.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Lechwerke AG reported revenue of €975M in FY2025 versus €1.6B in FY2021, a compound −12.0%/yr. Reported net income was €99.0M in FY2025, compounding −2.9%/yr from FY2021.
LEC screens 56% overvalued. Compare with Iberdrola, S.A →
Peer Group
Utilities - Diversified · 53 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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Iberdrola, S.A IBE | €20.30 | €8.45 | -58% |
| Enel SpA ENEL | €9.48 | €4.82 | -49% |
| Engie SA 1ENGI | €25.96 | €17.39 | -33% |
| Sempra SRE | $85.92 | $44.47 | -48% |
| E.ON SE EOAN | €17.55 | €11.71 | -33% |
| RWE Aktiengesellschaft generates and 1RWE | €59.36 | €29.64 | -50% |
| ACWA Power Company 2082 | 184.00 SAR | 24.19 SAR | -87% |
| Brookfield Infrastructure Partners L.P. BIPUN | C$54.99 | C$34.34 | -38% |
| EnBW Energie Baden-Württemberg AG EBK | €68.60 | €21.11 | -69% |
| EDP, S.A EDP | €4.47 | €3.81 | -15% |
Compare Lechwerke AG with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Utilities stocks →
Discover undervalued stocks
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Lechwerke AG (LEC) overvalued or undervalued?
What is the fair value of LEC?
What is the quality score of LEC?
What is the revenue of Lechwerke AG (LEC)?
What is the net profit margin of LEC?
Does Lechwerke AG pay a dividend?
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.
Track Lechwerke AG and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.