Siemens Energy AG
5-year stock timeline
Siemens Energy was spun out from Siemens AG and began independent trading on 28 September 2020, arriving at market with the positioning of a focused energy-transition engineering leader built on Siemens' legacy credibility.
The company moved to consolidate control over Siemens Gamesa through 2023, but that wind-turbine business deteriorated under quality problems that produced large impairment charges and steep losses. By 2022–2023 the investor narrative had shifted sharply from energy-transition opportunity to crisis and value-trap as warranty and project risks mounted, forcing discussion of government guarantees and dilutive capital measures.
In November 2023 a state-backed guarantee package (part of a broader €15bn support framework) was agreed to underwrite project and warranty guarantees tied to the large order backlog. Management subsequently pursued a 2024 capital increase and operational simplification to stabilise the balance sheet.
The share price at IPO was around €22.01. The 2022–late 2023 period saw steep declines and elevated volatility as Gamesa's quality issues, profit warnings and guarantee talks hit sentiment. Following the 2024 capital measures and restructuring, the price entered a multi-phase recovery through 2024–2026, with intermittent retests of lows and subsequent breakouts as order metrics strengthened and outlooks were raised.
By 2024–2025 the narrative had begun to pivot toward turnaround and value recovery as restructuring took hold, Grid Technologies momentum improved, and guidance revisions showed incremental operational progress. The current price sits at 174.36.
Key risks and downside factors
Siemens Energy operates across power generation, transmission, and wind turbines, competing directly with General Electric, Vestas, and Schneider Electric. The business contends with pricing pressure from Chinese manufacturers, execution and warranty issues within Siemesa Gamesa, and regulatory shifts that can meaningfully affect both project awards and margins on large EPC contracts.
- Intense competition from GE and other large OEMs in gas turbines and aftermarket services creates real pressure on both margins and win rates.
- Wind-turbine competition from Vestas and lower-cost Chinese manufacturers is pressuring Siemens Gamesa's revenue and profitability, alongside broader market share shifts [1][5].
- Project execution challenges, supply-chain constraints, and warranty liabilities—particularly at Siemens Gamesa—have driven cost overruns and one-off charges.
- Regulatory changes, subsidy adjustments, and trade-policy shifts—combined with commodity-price swings—can obscure order visibility or push project costs higher in large EPC and grid contracts.
Competitive landscape
Siemens Energy competes across power generation, transmission, and wind. The landscape includes formidable rivals—GE Vernova, Hitachi, and Vestas in turbines and grid solutions, with General Electric and ABB particularly dominant in generation equipment and grid technology. The business carries real structural pressures: project execution risk, heavy capital requirements, supply-chain fragility, and relentless pricing pressure from Chinese competitors in emerging markets.
| Company | Ticker |
|---|---|
| General Electric Company | GE.NYSE |
| ABB Ltd | ABBN.SIX |
Private competitors
- Envision Energy
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Start Free TrialPerformance Figures of Siemens Energy AG
Relative Performance vs Benchmarks
| Period | Siemens Energy AG | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +0.80% | -3.57% | -4.65% |
| 3M | +4.75% | +5.60% | -4.95% |
| 6M | +51.87% | +46.70% | +41.43% |
| 1Y | +104.27% | +99.98% | +75.12% |
| 3Y | +625.06% | +567.92% | +539.39% |
| 5Y | +577.56% | +516.03% | +486.26% |
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Start Free TrialHistorical valuation trends
How the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 68.2 | 3.8 | 14.1 | 19.5 |
| 1Y ago | 374.7 | 2.0 | 7.3 | 13.0 |
| 3Y ago | -23.0 | 0.6 | 1.5 | 8.1 |
| 5Y ago | -14.5 | 0.7 | 1.2 | 9.7 |
Frequently Asked Questions
Where is the Siemens Energy AG stock traded?
What does Siemens Energy AG do?
What are the key metrics for ENR.XETRA?
How has Siemens Energy AG's stock price performed?
How is ENR.XETRA valued?
Does ENR.XETRA pay dividends?
What are the key risks when investing in ENR.XETRA?
- Intense competition from GE and other large OEMs in gas turbines and aftermarket services creates real pressure on both margins and win rates.
- Wind-turbine competition from Vestas and lower-cost Chinese manufacturers is pressuring Siemens Gamesa's revenue and profitability, alongside broader market share shifts [page:1][web:5].
- Project execution challenges, supply-chain constraints, and warranty liabilities—particularly at Siemens Gamesa—have driven cost overruns and one-off charges.
- Regulatory changes, subsidy adjustments, and trade-policy shifts—combined with commodity-price swings—can obscure order visibility or push project costs higher in large EPC and grid contracts.
Who are the main competitors of Siemens Energy AG?
- General Electric Company (GE.NYSE)
- ABB Ltd (ABBN.SIX)
When does Siemens Energy AG report earnings?
Key Metrics
Valuation Metrics
Profitability Metrics
Growth Metrics
Dividend history
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 0.70 EUR | 0.42% | 0.49% |
| 2023 | 0.10 EUR | 0.55% | |
| 2022 | 0.10 EUR | 0.51% |
Earnings history & estimates
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Historical earnings performance
Upcoming earnings report
Analyst estimates for upcoming periods
Key financial figures
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 39.08B | 34.47B | 31.12B | 29.00B | 28.48B |
| Operating income (EBIT) | 2.15B | 2.13B | -3.26B | -489.00M | -357.00M |
| Net income | 1.41B | 1.19B | -4.53B | -647.00M | -560.00M |
| Free cash flow | 4.10B | 1.38B | 394.00M | 1.06B | 959.00M |
| Total assets | 56.64B | 50.87B | 47.91B | 51.17B | 44.14B |
| Equity | 10.30B | 9.07B | 8.50B | 17.19B | 14.96B |
| Net debt | -5.20B | -2.60B | 193.00M | -2.74B | -2.60B |
PWP Leeway UG (haftungsbeschränkt)
