E.ON SE
5-year stock timeline
E.ON (EOAN.XETRA) — Timeline 2020–2026
2020 E.ON proved resilient through the COVID shock, meeting targets and reinforcing its focus on energy infrastructure and customer solutions while absorbing prior innogy integration work. Investors viewed it as defensive infrastructure with stable earnings and dividends.
2020–2021 Management transition completed. Leonhard Birnbaum succeeded Johannes Teyssen as CEO effective 1 April 2021.
2022–2026 The Russia–Ukraine energy crisis introduced industry-wide turbulence and policy pressure on grids and returns. E.ON pursued regulated-business rate arguments, issued green financing and executed selective asset transactions. The stock experienced elevated volatility and intra-year drawdowns tied to earnings updates, guidance and regulatory commentary. By 2023, the narrative had settled into a regulated compounder story—steady cashflows, active capital allocation and credible management attracted a more conservative, income-focused investor base. Price action generally moved into multi-month ranges with occasional breakouts or pullbacks driven by quarterly surprises, guidance shifts and corporate actions.
Key risks and downside factors
E.ON operates in a crowded European utilities landscape, competing directly with substantial German counterparts like RWE and EnBW, alongside major pan-European players such as Enel and Iberdrola. The company's risk structure centers on regulated retail margins and customer supply exposure, swings in wholesale commodity prices, the heavy capital demands of transitioning to renewables, and the regulatory and credit risks tied to its substantial balance-sheet obligations.
- Regulatory risk: adverse changes to German or EU retail regulation, price caps, or network and tariff rules could compress margins and earnings [1][10].
- Commodity price exposure creates real earnings volatility. Wholesale power and gas markets move sharply enough to swing results materially, and hedging itself can become a source of losses rather than protection.
- Renewable competitors are accelerating their investment pace, and execution risks on major projects could erode market share. This may force higher capital deployment to keep competitive ground.
- Balance-sheet and funding risk: substantial capital expenditure requirements and upcoming bond and hybrid refinancings create meaningful sensitivity to both interest rates and credit conditions.
Competitive landscape
E.ON operates as a major European energy networks and retail company, built around distribution and customer supply following its Innogy asset swap and subsequent restructuring. It competes directly with large integrated utilities like RWE and Enel, which similarly span networks, retail, and generation across Europe. The company navigates regulatory and market headwinds, wholesale price volatility, competitive pressure from both established players and new entrants, and execution risks tied to acquisitions—most notably the proposed OVO transaction.
Private competitors
- Octopus Energy
- OVO Energy
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Start Free TrialPerformance Figures of E.ON SE
Relative Performance vs Benchmarks
| Period | E.ON SE | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +0.20% | -0.04% | -3.33% |
| 3M | +1.81% | +4.08% | -5.68% |
| 6M | +22.17% | +16.18% | +10.20% |
| 1Y | +23.93% | +22.10% | -1.25% |
| 3Y | +81.75% | +31.37% | -0.39% |
| 5Y | +120.72% | +62.17% | +31.39% |
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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 | 14.0 | 0.6 | 2.2 | 6.5 |
| 1Y ago | 8.8 | 0.5 | 2.1 | 7.3 |
| 3Y ago | 31.5 | 0.2 | 1.9 | 3.0 |
| 5Y ago | 12.9 | 0.4 | 3.4 | 4.8 |
Frequently Asked Questions
Where is the E.ON SE stock traded?
What does E.ON SE do?
What are the key metrics for EOAN.XETRA?
How has E.ON SE's stock price performed?
How is EOAN.XETRA valued?
Does EOAN.XETRA pay dividends?
What are the key risks when investing in EOAN.XETRA?
- Regulatory risk: adverse changes to German or EU retail regulation, price caps, or network and tariff rules could compress margins and earnings [web:1][web:10].
- Commodity price exposure creates real earnings volatility. Wholesale power and gas markets move sharply enough to swing results materially, and hedging itself can become a source of losses rather than protection.
- Renewable competitors are accelerating their investment pace, and execution risks on major projects could erode market share. This may force higher capital deployment to keep competitive ground.
- Balance-sheet and funding risk: substantial capital expenditure requirements and upcoming bond and hybrid refinancings create meaningful sensitivity to both interest rates and credit conditions.
Who are the main competitors of E.ON SE?
When does E.ON SE 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 | 0.57 EUR | 2.94% | 4.65% |
| 2025 | 0.55 EUR | 3.61% | |
| 2024 | 0.53 EUR | 3.96% | |
| 2023 | 0.51 EUR | 4.28% | |
| 2022 | 0.49 EUR | 4.93% | |
| 2021 | 0.47 EUR | 4.48% | |
| 2020 | 0.46 EUR | 4.55% | |
| 2019 | 0.43 EUR | 4.46% | |
| 2018 | 0.30 EUR | 3.15% | |
| 2017 | 0.21 EUR | 2.84% | |
| 2016 | 0.50 EUR | 6.08% | |
| 2015 | 0.50 EUR | 4.07% | |
| 2014 | 0.60 EUR | 4.96% | |
| 2013 | 1.10 EUR | 8.83% | |
| 2012 | 1.00 EUR | 6.64% |
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 | 78.70B | 80.12B | 93.69B | 115.66B | 77.36B |
| Operating income (EBIT) | 5.75B | 8.54B | 17.89B | -3.22B | 6.92B |
| Net income | 1.73B | 4.53B | 517.00M | 1.83B | 4.69B |
| Free cash flow | -937.00M | -1.30B | -356.00M | 5.47B | -418.00M |
| Total assets | 116.41B | 111.36B | 113.51B | 134.01B | 119.76B |
| Equity | 19.26B | 17.84B | 14.11B | 15.92B | 12.05B |
| Net debt | 37.58B | 33.31B | 29.86B | 26.83B | 31.03B |
PWP Leeway UG (haftungsbeschränkt)
