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Bkw AG (BKW.SW)
CHF136.70
+1.00 (+0.74%)
CH SIX Utilities Regulated Electric
Address
Viktoriaplatz 2 3013
Bern, BE, CH
Bern, BE, CH
CEO
Robert Itschner
Website
bkw.ch
IPO
2011-12-12
ISIN CH0130293662
Also trades on
London Stock Exchange · 0QQ0.L (CHF)
Swiss Exchange · BKW.SW (CHF)
Description
BKW AG, an energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally. It operates in three segments: Energy Solutions, Power Grid, and Infrastructure & Buildings. The Energy Solutions segment builds, operates, and maintains its portfolio of power plants. This segment also sells energy; trades in electricity, certificates, and raw materials; and offers wind, solar, and smart energy services. Its Power Grid segment builds, operates, and maintains the company’s distribution grid. The Infrastructure and Buildings segment offers engineering planning and consulting services for energy, infrastructure, and environmental projects; integrated building technology solutions; and construction and maintenance services in the fields of energy, telecommunications, transport and water utility networks. It also provides digital business models for renewable energy. The company was formerly known as BKW FMB Energie AG and changed its name to BKW AG in December 2011. BKW AG was founded in 1898 and is headquartered in Bern, Switzerland.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
CHF136.70
+1.00 (+0.74%)
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Volume Profile
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Liquidity & share structure
Average Volume
67.2K
Beta
0.12
Float Shares
19.72M
Free Float %
37.4%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.16% | -0.67% | -5.25% | -2.25% | -11.69% | -14.45% | -14.40% | -8.64% | +49.49% | +250.71% | +393.33% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
136.70
DCF (Unlevered)
250.58
+83.3%
DCF (Levered)
167.41
+22.5%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
33% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 3 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 1 | 0 |
Quality scores
Altman Z-Score
2.69
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
2 / 5
Medium
ROA Score
4 / 5
High
D/E Score
4 / 5
High
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Regulated Electric: +9.0%-7.6% Q4'25: +0.4% (vs Q4'23)
-
EPS growth Regulated Electric: +12.7%-42.6% Q4'25: +12.5% (vs Q4'23)
-
FCF margin FCF growth · Regulated Electric: +35.5%+0.4% Q4'25: +14.9% (vs Q4'23)
-
EBIT margin Regulated Electric: +19.9%+6.5% Q4'25: +10.9% (vs Q4'23)
-
ROIC Regulated Electric: +4.4%+3.1% Q4'25: +10.0% (vs Q4'23)
-
Share dilution Regulated Electric: +0.0%0.0% ★ Q4'25: 0.0% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Regulated Electric: 4.23×3.24× ★ Q4'25: 1.20× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2012 actual |
Dec 2013 actual |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 4 Rev. Ana. 4 EPS Ana. |
Dec 2027 5 Rev. Ana. 4 EPS Ana. |
Dec 2028 4 Rev. Ana. 5 EPS Ana. |
Dec 2029 3 Rev. Ana. 1 EPS Ana. |
Dec 2030 3 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
2.74B
est: 2.55B (+7.7%)
|
2.61B
est: 2.71B (-3.8%)
|
2.78B
est: 2.68B (+3.9%)
|
2.59B
est: 2.56B (+1.2%)
|
2.37B
est: 2.69B (-12.0%)
|
2.41B
est: 2.67B (-9.8%)
|
2.60B
est: 2.60B (-0.2%)
|
2.71B
est: 2.82B (-3.8%)
|
2.94B
est: 3.04B (-3.3%)
|
3.38B
est: 3.22B (+5.1%)
|
5.06B
est: 4.51B (+12.2%)
|
4.43B
est: 4.51B (-1.8%)
|
4.55B
est: 4.51B (+0.8%)
|
4.20B
est: 4.72B (-11.0%)
|
4.57B
4.50B – 4.64B
-3.2% YoY
|
4.41B
4.08B – 4.93B
-3.5% YoY
|
4.64B
4.58B – 4.69B
+5.2% YoY
|
5.25B
5.02B – 5.60B
+13.2% YoY
|
5.51B
5.27B – 5.88B
+5.0% YoY
|
| EBITDA |
511.70M
est: 560.96M (-8.8%)
|
261.50M
est: 393.71M (-33.6%)
|
696.70M
est: 235.29M (+196.1%)
|
530.20M
est: 525.65M (+0.9%)
|
717.90M
est: 475.29M (+51.0%)
|
679.30M
est: 589.80M (+15.2%)
|
625.50M
est: 504.48M (+24.0%)
|
745.20M
est: 433.45M (+71.9%)
|
685.80M
est: 777.35M (-11.8%)
|
666.20M
est: 805.81M (-17.3%)
|
1.06B
est: 834.27M (+27.4%)
|
886.70M
est: 904.45M (-2.0%)
|
1.19B
est: 900.76M (+31.6%)
|
564.10M
est: 945.74M (-40.4%)
|
915.44M
901.51M – 929.12M
-3.2% YoY
|
882.96M
818.09M – 988.09M
-3.5% YoY
|
928.88M
917.80M – 939.95M
+5.2% YoY
|
1.05B
1.00B – 1.12B
+13.2% YoY
|
1.10B
1.06B – 1.18B
+5.0% YoY
|
| EBIT |
278.70M
est: 389.78M (-28.5%)
|
-223.10M
est: 225.31M (-199.0%)
|
316.70M
est: -170.71M (+285.5%)
|
334.50M
est: 330.56M (+1.2%)
|
383.60M
est: 403.67M (-5.0%)
|
335.90M
est: 355.66M (-5.6%)
|
338.50M
est: 364.57M (-7.2%)
|
489.50M
est: 456.46M (+7.2%)
|
519.30M
est: 477.13M (+8.8%)
|
496.10M
est: 494.60M (+0.3%)
|
1.03B
est: 512.07M (+101.2%)
|
606.70M
est: 613.12M (-1.0%)
|
896.70M
est: 605.34M (+48.1%)
|
272.40M
est: 641.11M (-57.5%)
|
620.58M
611.13M – 629.85M
-3.2% YoY
|
598.55M
554.58M – 669.82M
-3.5% YoY
|
629.68M
622.18M – 637.19M
+5.2% YoY
|
712.79M
681.22M – 760.47M
+13.2% YoY
|
748.40M
715.25M – 798.46M
+5.0% YoY
|
| Net Income |
128.40M
est: 177.91M (-27.8%)
|
-216.70M
est: 136.85M (-258.3%)
|
288.20M
est: -213.96M (+234.7%)
|
276.70M
est: 277.51M (-0.3%)
|
311.60M
est: 294.48M (+5.8%)
|
251.30M
est: 301.23M (-16.6%)
|
186.40M
est: 248.82M (-25.1%)
|
391.20M
est: 204.29M (+91.5%)
|
361.70M
est: 430.67M (-16.0%)
|
304.60M
est: 446.44M (-31.8%)
|
550.20M
est: 818.10M (-32.7%)
|
478.00M
est: 500.90M (-4.6%)
|
622.20M
est: 459.30M (+35.5%)
|
356.80M
est: 356.80M (+0.0%)
|
476.01M
458.03M – 558.43M
+33.4% YoY
|
423.75M
388.89M – 469.61M
-11.0% YoY
|
475.84M
469.47M – 501.59M
+12.3% YoY
|
555.67M
523.68M – 604.00M
+16.8% YoY
|
656.37M
618.58M – 713.45M
+18.1% YoY
|
| SGA |
—
est: 99.62M (-100.0%)
|
382.50M
est: 479.30M (-20.2%)
|
399.80M
est: 471.56M (-15.2%)
|
455.90M
est: 409.81M (+11.2%)
|
514.50M
est: 499.77M (+2.9%)
|
616.90M
est: 529.38M (+16.5%)
|
641.70M
est: 648.74M (-1.1%)
|
180.80M
est: 707.99M (-74.5%)
|
188.30M
est: 889.64M (-78.8%)
|
196.90M
est: 922.21M (-78.6%)
|
241.30M
est: 954.78M (-74.7%)
|
55.20M
est: 182.52M (-69.8%)
|
59.30M
est: 1.03B (-94.2%)
|
297.30M
est: 190.85M (+55.8%)
|
184.74M
181.93M – 187.50M
-3.2% YoY
|
178.18M
165.09M – 199.40M
-3.5% YoY
|
187.45M
185.22M – 189.69M
+5.2% YoY
|
212.19M
202.79M – 226.39M
+13.2% YoY
|
222.79M
212.92M – 237.70M
+5.0% YoY
|
| EPS |
2.70
est: 3.37 (-20.0%)
|
-4.51
est: 0.23 (-2,061.3%)
|
5.96
est: 4.46 (+33.7%)
|
5.71
est: 3.20 (+78.3%)
|
6.42
est: 4.85 (+32.4%)
|
5.00
est: 4.00 (+24.9%)
|
3.56
est: 4.34 (-18.0%)
|
7.42
est: 5.98 (+24.1%)
|
6.86
est: 5.86 (+17.1%)
|
5.77
est: 5.67 (+1.7%)
|
10.43
est: 12.46 (-16.3%)
|
9.06
est: 9.49 (-4.5%)
|
11.80
est: 10.19 (+15.8%)
|
6.77
est: 6.99 (-3.2%)
|
9.38
8.69 – 10.59
+34.1% YoY
|
7.93
7.38 – 8.91
-15.4% YoY
|
9.17
8.90 – 9.51
+15.6% YoY
|
10.54
9.93 – 11.46
+15.0% YoY
|
12.45
11.73 – 13.53
+18.1% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-28 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-27 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-26 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-22 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-21 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-20 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-19 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-18 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-15 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-13 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-12 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-11 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 4/5 | 2/5 | 3/5 |
| 2026-05-08 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-06 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-05 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-05-04 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-04-30 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-04-29 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-04-28 | B+ | 3/5 | 4/5 | 2/5 | 4/5 | 3/5 | 2/5 | 3/5 |
| 2026-04-27 | B | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-24 | B | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-23 | B | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-22 | B | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-21 | B | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-20 | B | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-17 | B | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-16 | B | 3/5 | 4/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-75.83M
OE per share TTM
-1.45
Owner's Yield
-0.97%
Maintenance CapEx ratio
102.98%
Maint CapEx / Avg PPE
99.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 230 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | First Trust Switzerland AlphaDEX Fund FSZ | 2.50% | 924.3K | 0.80% |
| 2 | First Trust Global Wind Energy ETF FAN | 1.71% | 4.81M | 0.61% |
| 3 | Xtrackers MSCI Europe Utilities Screened UCITS ETF 1C XS6R.L | 0.48% | 440.1K | 0.17% |
| 4 | State Street SPDR MSCI Europe Utilities UCITS ETF STUX.SW | 0.47% | 3.72M | 0.18% |
| 5 | iShares STOXX Europe 600 Utilities UCITS ETF (DE) EXH9.DE | 0.45% | 4.29M | 0.46% |
| 6 | iShares STOXX Europe Small 200 UCITS ETF (DE) EXSE.DE | 0.43% | 2.95M | 0.20% |
| 7 | iShares MSCI Switzerland ETF EWL | 0.41% | 8.70M | 0.50% |
| 8 | iShares MSCI Europe Mid-Cap Equal Weight UCITS ETF IEFS.L | 0.39% | 150.3K | 0.25% |
| 9 | Amundi MSCI Europe Climate Paris Aligned UCITS ETF Acc LWCE.PA | 0.39% | 673.0K | 0.15% |
| 10 | iShares Swiss Dividend ETF (CH) CHDVD.SW | 0.37% | 36.21M | 0.15% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
22.3K
Shares Outstanding
52.77M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Robert Itschner | Chairman of the Executive Board & Chief Executive Officer | 1M | male |
| Corinne Montandon | Executive VP of Power Grid & Member of the Executive Board | — | — |
| King Frater | Chief Legal & Compliance Officer and Member of the Extended Executive Board | — | female |
| Manuela Wendland | Chief Human Resources Officer & Member of the Extended Executive Board | — | female |
| Martin Fecke | Executive VP of Engineering & Member of the Executive Board | — | male |
| Martin Schweikert | Chief Communications Officer & Member of Extended Group Executive Board | — | male |
| Martin Zwyssig | Chief Financial Officer, Deputy to Chief Executive Officer & Member of Executive Board | — | — |
| Philipp Hanggi | Member of the Executive Board | — | — |
| Stefan Sewckow | Executive VP of Energy Markets & Member of Executive Board | — | male |
| Antonin Guez | Executive VP of Building Solutions & Member of Executive Board | — | male |
| Sven Behrend | Executive VP of Infra Services & Member of Executive Board | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for BKW.SW
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
