EnBW Energie Baden-Wurttemberg AG
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EnBW Energie Baden-Wurttemberg Financial Snapshot
AG Operating Performance
Fast Facts The company reported revenue of US$24,490.53
million during the fiscal year 2010 (2010). The
Durlacher Allee 93, Karlsruhe, company's revenue grew at a CAGR of 9.36% during
Headquarters Address
76131,Germany 2006–2010, with an annual growth of 6.60% over
2009. In 2010, the company recorded an operating
Telephone + 49 721 6300
margin of 11.53%, as against 11.42% in 2009.
Fax + 49 721 6313143
Revenue and Margins
Website www.enbw.com
EBK, Frankfurt Stock ExchangeEBK,
Ticker Symbol, Stock Exchange
XETRA
Number of Employees 20,354
Fiscal Year End December
Revenue (in US$ million) 24,490.53
Revenue (in EUR million) 18,367.90
Return on Equity
SWOT Analysis The company recorded a return on equity (ROE) of
18.05% for 2010, as compared to its peers,
Strengths Weaknesses Lechwerke AG (Ticker: LEC), MVV Energie AG
(Ticker: MVV1) and EVN AG (Ticker: EVN), which
Dominant position in the market Growing indebtedness recorded ROEs of 18.10%, 12.73% and 7.72%
respectively. The company reported a net profit
margin of 11.53% in 2010.
Strong financial performance Limited Operating Margin
Return on Equity
Strong liquidity position
Opportunities Threats
Growth prospects for wind energy Fluctuations in foreign exchange rates
Rising demand for electricity Impact of weather conditions
Strategic growth initiatives Loss of franchise territory
Liquidity Position
The company reported a current ratio of 1.22 in 2010,
as compared to its peers, Lechwerke AG, MVV
Energie AG and EVN AG, which recorded current
ratios of 2.95, 1.00 and 1.18 respectively. As of
December 2010, the company recorded cash and
short-term investments of worth US$3,778.80 million,
against US$858.00 million current debt. The company
reported a debt to equity ratio of 1.13 in 2010 as
compared to its peers, Lechwerke AG, MVV Energie
AG and EVN AG, which recorded debt to equity ratios
of 0.00, 1.10 and 0.73 respectively.
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EnBW Energie Baden-Wurttemberg AG - SWOT Profile Page 1
EnBW Energie Baden-Wurttemberg AG
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview .................................................................................................................................................5
1.2 Business Description ...............................................................................................................................................5
1.3 Major Products and Services ...................................................................................................................................6
2 Analysis of Key Performance Indicators ............................................................................................... 7
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ...........................................7
2.2 Key Financial Performance Indicators ...................................................................................................................10
2.2.1 Revenue and Operating Profit .......................................................................................................................10
2.2.2 Asset, Liabilities and Capex ..........................................................................................................................11
2.2.3 Net Debt vs. Gearing Ratio ............................................................................................................................12
2.2.4 Operational Efficiency ....................................................................................................................................13
2.2.5 Solvency ........................................................................................................................................................14
2.2.6 Valuation ........................................................................................................................................................15
2.3 Competitive Benchmarking ....................................................................................................................................16
2.3.1 Market Capitalization .....................................................................................................................................17
2.3.2 Efficiency .......................................................................................................................................................18
2.3.3 Capital Expenditure .......................................................................................................................................19
2.3.4 Turnover – Inventory and Asset ....................................................................................................................20
3 Mergers & Acquisitions and Partnerships ........................................................................................... 21
3.1 M&A and Partnerships Strategy ............................................................................................................................21
4 Recent Developments ........................................................................................................................... 29
5 SWOT Analysis ...................................................................................................................................... 30
5.1 SWOT Analysis - Overv