E.on Se (EOAN.DE) stock analysis

In our weekly check, E.on Se is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 4, red flags: 7.

About E.on Se

E.on Se is an Utilities company (Diversified Utilities) based in Germany, listed on XETRA as EOAN.DE.

What our checks show for EOAN.DE

Red flags

• Net debt is 3.4x a year of EBITDA (debt/equity 2.02). That limits room in a downturn and raises refinancing risk.
• The net margin fell by 1.6 points over 5 years, to 4.5%: the company keeps less of each sale as profit.
• Revenue fell 13.5% a year over the last 3 years.
• The net margin is only 4.5%: little room if costs rise.
• Free cash flow is negative (-0.2% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 86% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Operating profit covers interest only 2.6 times: a weak year could make the payments hard.
• Analysts expect the net margin to shrink by 0.5 points from today's 4.5%.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 6.7%.

Strengths

• The gross margin is 18.8% and has risen by 18.8 points: pricing power is holding.
• Operating cash flow is 2.26x net profit: the profit arrives as real cash.
• Earnings per share grew 22.3% a year over the last 3 years.
• Net profit grew 22.6% a year over the last 3 years.
• The dividend takes 44% of profit: there is a cushion.
• A large company: market value $54.26 billion.

Next earnings report: 2026-11-11

Similar companies

RWE.DE · SRE · ENGI.PA · ENEV3.SA · SSE.L · ENEL.MI

Questions

What grade does E.on Se (EOAN.DE) have?

In our weekly check, E.on Se is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 4, red flags: 7. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of EOAN.DE stock?

This week's biggest flags for E.on Se: High debt, Margins falling, Weak revenue growth. In total 11 of 25 checks show a warning or a red flag.

What does E.on Se do?

E.on Se is an Utilities company (Diversified Utilities) based in Germany, listed on XETRA as EOAN.DE.

When does E.on Se report earnings next?

The next earnings report is expected on 2026-11-11. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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