RWE announced on June 22 that it agreed to increase its stake in German electricity transmission grid operator Amprion by 35% to 55% for EUR 3.6 billion and completed a EUR 4 billion capital raise to fund the deal at an average price of EUR 54.
Increasing its share of renewables earnings, the Amprion deal, and upcoming capacity payments in Germany will improve earnings visibility, warranting higher valuation multiples.
Electricity demand destruction from the accelerated deindustrialization of Europe could herald a long period of depressed power prices and clean spark spreads, similar to 2009-16.
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Metric
|
RWE
|
SSE
|
ENGI
|
|---|---|---|---|
Price/Earnings (Normalized) | 23.11 | 21.08 | 13.81 |
Price/Book Value | 1.18 | 2.33 | 2.00 |
Price/Sales | 2.70 | 2.76 | 0.92 |
Price/Cash Flow | 6.69 | 9.43 | 6.00 |
|
Metric
|
RWE
|
SSE
|
ENGI
|
|---|---|---|---|
Quick Ratio | 1.09 | 0.88 | 0.85 |
Current Ratio | 1.26 | 1.20 | 1.08 |
Interest Coverage | 2.61 | 6.22 | 3.43 |
|
Metric
|
RWE
|
SSE
|
ENGI
|
|---|---|---|---|
Return on Assets (Normalized) | 3.05% | 5.46% | 2.81% |
Return on Equity (Normalized) | 9.11% | 16.09% | 14.92% |
Return on Invested Capital (Normalized) | 3.99% | 7.34% | 7.27% |
|
1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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IBDSF
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IBDRY
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ESOCF
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ENLAY
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ENGIY
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ENGQF
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SRE
| LOCK|c%#$B^ | LOCK|mcCS | $59B | |||
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EONGY
| LOCK|^Zs!wG | LOCK|d!>& | $57B | |||
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ENAKF
| — | LOCK|#mDd | $57B | |||
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AES
| LOCK|$$j!qr< | LOCK|&$> | $11B |
United States