BKW Stock Analysis: BKW | SW
Utilities - Renewable | SW, Switzerland | Market Cap: 6.443m CHF | 12M Return: -29.8% | CH0130293662 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.64M
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
BKW AG is a Swiss energy and infrastructure company headquartered in Bern, founded in 1898 and formerly known as BKW FMB Energie AG until December 2011. It operates across Switzerland, Germany, Italy, France, and other international markets through three core segments: Energy Solutions (power generation, energy trading, and wind/solar/smart energy services), Power Grid (distribution grid operations), and Infrastructure & Buildings (engineering, consulting, integrated building technology, and network construction/maintenance). The company also offers digital business models for renewable energy, positioning it within the broader shift toward decentralized, low-carbon power systems.
As a mid-cap Swiss utility listed on the SIX exchange, BKW sits in the GICS Renewable Electricity sub-industry, reflecting its exposure to wind and solar generation alongside traditional grid operations. European utilities operating regulated distribution grids typically benefit from stable, predictable cash flows that can help balance the more volatile returns of merchant power generation and energy trading activities.
- Swiss grid tariff increases drive regulated Power Grid segment revenue growth
- Energy Solutions margin pressure persists amid low wholesale power prices
- Infrastructure & Buildings backlog expands on European energy efficiency capex cycle
| Net Income: 371.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.03 > 1.0 |
| NWC/Revenue: 27.10% < 20% (prev 15.87%; Δ 11.23% < -1%) |
| CFO/TA 0.06 > 3% & CFO 639.4m > Net Income 371.8m |
| Net Debt (1.76b) to EBITDA (758.4m): 2.32 < 3 |
| Current Ratio: 1.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (52.8m) vs 12m ago -0.05% < -2% |
| Gross Margin: 14.83% > 18% (prev 51.34%; Δ -36.52% > 0.5%) |
| Asset Turnover: 37.72% > 50% (prev 41.04%; Δ -3.32% > 0%) |
| Interest Coverage Ratio: 8.41 > 6 (EBIT TTM 466.7m / Interest Expense TTM 55.5m) |
| A: 0.10 (Total Current Assets 2.62b - Total Current Liabilities 1.47b) / Total Assets 11.4b |
| B: 0.46 (Retained Earnings 5.28b / Total Assets 11.4b) |
| C: 0.04 (EBIT TTM 466.7m / Avg Total Assets 11.2b) |
| D: 1.01 (Book Value of Equity 5.51b / Total Liabilities 5.44b) |
| Altman-Z'' = 3.51 = A |
| DSRI: 1.10 (Receivables 1.28b/1.24b, Revenue 4.22b/4.50b) |
| GMI: 3.46 (GM 51.34% / 14.83%) |
| AQI: 1.03 (AQ_t 0.38 / AQ_t-1 0.37) |
| SGI: 0.94 (Revenue 4.22b / 4.50b) |
| TATA: -0.02 (NI 371.8m - CFO 639.4m) / TA 11.4b) |
| Beneish M = -0.74 (Cap -4..+1) = D |
As of November 04, 2026, the stock is trading at CHF 124.40 with a total of 66,241 shares traded. Over the past week, the price has changed by +1.55%, over one month by +5.96%, over three months by -7.37% and over the past year by -29.80%.
Current recommended Stop Loss: 120.20 (which is 3.4% or 2.2 ATR below the current price).
BKW has no consensus analysts rating.
P/E Trailing = 17.3191
P/S = 1.5267
P/B = 1.1549
Revenue TTM = 4.22b CHF
EBIT TTM = 466.7m CHF
EBITDA TTM = 758.4m CHF
Long Term Debt = 1.36b CHF (from longTermDebt, last fiscal year)
Short Term Debt = 90.7m CHF (from shortTermDebt, last quarter)
Debt = 2.46b CHF (from shortLongTermDebtTotal, last quarter) + Leases 567.2m
Net Debt = 1.76b CHF (calculated: Debt 2.46b - CCE 699.7m)
Enterprise Value = 8.20b CHF (6.44b + Debt 2.46b - CCE 699.7m)
Interest Coverage Ratio = 8.41 (Ebit TTM 466.7m / Interest Expense TTM 55.5m)
EV/FCF = 29.46x (Enterprise Value 8.20b / FCF TTM 278.3m)
FCF Yield = 3.39% (FCF TTM 278.3m / Enterprise Value 8.20b)
FCF Margin = 6.59% (FCF TTM 278.3m / Revenue TTM 4.22b)
Net Margin = 8.81% (Net Income TTM 371.8m / Revenue TTM 4.22b)
Gross Margin = 14.83% ((Revenue TTM 4.22b - Cost of Revenue TTM 3.59b) / Revenue TTM)
Gross Margin QoQ = 17.27% (prev 12.39%)
Tobins Q-Ratio = 0.72 (Enterprise Value 8.20b / Total Assets 11.4b)
Interest Expense / Debt = 2.26% (Interest Expense 55.5m / Debt 2.46b)
Taxrate = 23.26% (121.9m / 524.1m)
NOPAT = 358.2m (EBIT 466.7m * (1 - 23.26%))
Current Ratio = 1.78 (Total Current Assets 2.62b / Total Current Liabilities 1.47b)
Debt / Equity = 0.45 (Debt 2.46b / totalStockholderEquity, last quarter 5.51b)
Debt / EBITDA = 2.32 (Net Debt 1.76b / EBITDA 758.4m)
Debt / FCF = 6.31 (Net Debt 1.76b / FCF TTM 278.3m)
Total Stockholder Equity = 5.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.32% (Net Income 371.8m / Total Assets 11.4b)
RoE = 6.97% (Net Income TTM 371.8m / Total Stockholder Equity 5.34b)
RoCE = 6.98% (EBIT 466.7m / Capital Employed (Equity 5.34b + L.T.Debt 1.36b))
RoIC = 3.65% (NOPAT 358.2m / Invested Capital 9.82b)
WACC = 4.90% (E(6.44b)/V(8.90b) * Re(6.10%) + D(2.46b)/V(8.90b) * Rd(2.26%) * (1-Tc(0.23)))
Discount Rate = 6.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -35.25 | Cagr: -0.00%
[DCF] Terminal Value 75.80% ; FCFF base≈275.3m ; Y1≈282.8m ; Y5≈313.5m
[DCF] Fair Price = 58.69 (EV 4.85b - Net Debt 1.76b = Equity 3.10b / Shares 52.8m; r=8.35% [WACC [floored]]; 5y FCF grow 2.77% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -52.37 | Revenue CAGR: -1.85% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=10.31 | Chg30d=+9.14% | Revisions=-25% | GrowthEPS=+68.8% | GrowthRev=+0.7%
EPS next Year (2027-12-31): EPS=8.27 | Chg30d=+4.77% | Revisions=+25% | GrowthEPS=-19.8% | GrowthRev=-4.5%
[Analyst] Revisions Ratio: +0% (up=1, down=1)