Company Valuation: RWE AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,144 28,124 30,614 21,301 32,296 41,996 - -
Change - 16.48% 8.85% -30.42% 51.62% 30.04% - -
Enterprise Value (EV) 1 28,073 28,671 33,001 25,199 43,217 56,266 58,713 62,250
Change - 2.13% 15.1% -23.64% 71.5% 30.19% 4.35% 6.02%
P/E 33.4x 10.6x 21.1x 4.17x 10.5x 19.3x 18.2x 16.8x
PBR 1.58x 1.04x 0.97x 0.68x 0.96x 1.08x 1.08x 1.05x
PEG - 0x -0.4x 0x -0.3x -0.7x 2.91x 2.05x
Capitalization / Revenue 0.98x 0.73x 1.07x 0.88x 1.83x 1.99x 1.91x 1.82x
EV / Revenue 1.14x 0.75x 1.16x 1.04x 2.45x 2.66x 2.67x 2.69x
EV / EBITDA 7.69x 4.54x 3.94x 4.44x 8.5x 9.21x 8.26x 8.02x
EV / EBIT 12.8x 6.28x 5.2x 7.08x 15.1x 15.2x 13.3x 13x
EV / FCF 8.01x -13.8x -5.75x -5.45x -7.86x -14.3x -44x -32.7x
FCF Yield 12.5% -7.25% -17.4% -18.3% -12.7% -6.97% -2.27% -3.06%
Dividend per Share 2 0.9 0.9 1 1.1 1.2 1.312 1.443 1.588
Rate of return 2.52% 2.16% 2.43% 3.82% 2.65% 2.22% 2.44% 2.69%
EPS 2 1.07 3.93 1.95 6.91 4.3 3.055 3.245 3.512
Distribution rate 84.1% 22.9% 51.3% 15.9% 27.9% 43% 44.5% 45.2%
Net sales 1 24,526 38,366 28,566 24,224 17,628 21,120 22,009 23,133
EBITDA 1 3,650 6,310 8,378 5,680 5,087 6,106 7,106 7,760
EBIT 1 2,185 4,568 6,349 3,561 2,868 3,699 4,399 4,771
Net income 1 721 2,717 1,450 5,135 3,131 2,358 2,615 2,737
Net Debt 1 3,929 547 2,387 3,898 10,921 14,269 16,716 20,253
Reference price 2 35.72 41.59 41.18 28.83 45.26 59.10 59.10 59.10
Nbr of stocks (in thousands) 675,928 676,216 743,419 738,847 713,565 710,598 - -
Announcement Date 3/15/22 3/21/23 3/14/24 3/20/25 3/11/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.85x5.56x11.89x4.34% 75.48B
11.98x1.4x7.28x6.22% 62.35B
15.57x6.15x13.71x3.36% 51.25B
15.55x1.1x9.2x3.48% 50.08B
19.35x2.66x9.21x2.22% 47.27B
15.95x4.8x9.29x4.72% 35.67B
16.17x4.64x12.17x3.92% 33.93B
56.15x18.25x32.5x0.27% 33.37B
18.52x5.48x12.31x3.01% 27.67B
Average 20.23x 5.56x 13.06x 3.5% 46.34B
Weighted average by Cap. 18.49x 5.02x 12.27x 3.74%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield