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← CockpitCompetitor Analysis › MVV1.DE MVV Energie AGOpen in the cockpit ↗

MVV Energie AGMVV1.DECompetitor analysis, valuation and peers

Germany · EUR·Utilities›Electric Utilities

German regional utility supplying electricity, gas, district heating and water, majority owned by the city of Mannheim.

≈ A German municipal utility like a regional Duke EnergyMomentum neutral 51
Mkt cap
$2.23B
US dollars, full cap
Free float
5%
of shares outstanding
$/day
$7,174
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-1.5 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Close · EUR€30.20
1D+0.3%
1W0.0%
1M-0.3%
3M-1.0%
6M+0.7%
YTD-0.7%
1Y-3.5%
ATR %1.2%
52w lowhigh7.7% off high

What MVV Energie does

German regional utility supplying electricity, gas, district heating and water, majority owned by the city of Mannheim.

Earns from selling heat, power and gas on contract or tariff, and from waste-to-energy and biomass plants that sell heat into district-heating networks while collecting fees for waste disposal. It has also invested in waste-to-energy plants in the UK. Mannheim's district-heating network is the core.

In one line: A German municipal utility like a regional Duke Energy.

Products and services

  • Electricity generation & supply
  • District heating
  • Gas supply
  • Water supply

Customers

  • Households in Rhine-Neckar region
  • Municipalities
  • Industrial customers

Where it sits in the supply chain

  • Utilities
  • Electric/multi-utility
  • Regional power, heat & water utility

What could go right

  • Municipal heat-transition investment
  • Renewable power growth

What could go wrong

  • Regulatory tariff constraints
  • Energy transition capex burden

Moat: narrow (regulatory licence, installed base, scale). Regulated regional utility infrastructure and municipal ownership provide stable demand, but limited growth outside its region.

Headquarters: Mannheim, Germany · Founded: 1996 · Employees: 6,811

Named competitors

MVV Energie at a glance

Size MVV Energie (MVV1.DE) is a Germany Utilities company (Electric Utilities) with a market value of $2.23B, the 103rd largest of 205 Germany companies the cockpit tracks. Shares closed at €30.20 on 6 Nov 2026.

Performance Over six months the shares gained 0.7%, against -21.1% for the median peer and +2.6% for the Germany market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue fell 7.6% over the last twelve months (peer median -0.5%); the operating margin is 4.3% (peer median 8.1%).

Valuation It trades at 0.7× enterprise value to sales against a peer median of 2.9× (3rd cheapest of 21).

Capital Return on invested capital runs 1.5 points below its cost of capital (5.0% WACC).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026MVV1.DE 100Peer median 77
Six months, rebased to 100: MVV Energie against the median of its 20 peers (local-currency closes).

MVV Energie financials

Reported figures in EUR; fiscal year ends 2025-09-30. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€5.41B€5.79B€6.33B€6.62B€5.92B
Revenue growth—-8%-4%+12%—
Gross profit€407M€405M€449M€403M-€27.4M
EBITDA€464M€404M€430M€349M€9.92M
Net income€43.0M€125M€183M€1.05B-€292M
Free cash flown/a-€58.5M€28.3M-€993M€601M
Capital expendituren/a€466M€412M€321M€292M
Total debt€2.06B€1.66B€1.71B€1.80B€1.92B

Quarterly statements and history in the cockpit →

MVV Energie competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%-5%0%+5%6003960018969507000875SJVN9504000600600452000966000543600131000690600744ENACESC0579600116003035REHNKENMVV1.DE6-month return →1-month return →
Up and to the right = strong over both horizons. MVV Energie is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×2.5×5×7.5×6003960018969507000875SJVN9504000600600452000543600131000690600744ENACESC0579600116003035KENMVV1.DERevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. MVV Energie is the large dot.

MVV Energie competitors and peer comparison

Head to head with its named competitors (MVV1.DE vs EBK.DE vs RWE.DE vs EOAN.DE)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
MVV Energie MVV1.DE$2.23B+1%-8%4%0.7×n/a
ENBW Energie Baden-Wuerttemberg EBK.DE$24.2B-3%+9%5%1.3×5.2%
Rwe RWE.DE$50.4B+2%-34%0%4.2×n/a
E.on EOAN.DE$55.9B+4%-8%7%1.3×n/a

How MVV Energie compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

MVV Energie against its 20 peers (data as of 6 Nov 2026)
MeasureMVV1.DEPeer medianRank in peer set
1-month return-0.3%-3.2%6th highest of 21
6-month return+0.7%-21.1%5th highest of 21
Distance from 52-week high-7.7%-37.1%highest of 21
Revenue growth (TTM)-7.6%-0.5%6th lowest of 21
Operating margin4.3%8.1%3rd lowest of 20
EV / Sales0.7×2.9×3rd cheapest of 21
ROIC minus cost of capital-1.5 pp-1.1 pp8th lowest of 20
EV / EBITDA8.5×9.1×3rd cheapest of 6
Net debt / EBITDA3.4×6.7×2nd least indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
MVV Energie MVV1.DEGermany$2.23B+1%-8%4%0.7×n/an/a
Huadian Liaoning Energy Development 600396.SSChina$2.23B+2%0%8%6.3×n/an/a
Henan Yuneng 001896.SZChina$2.14B-39%-6%5%3.7×n/an/a
Shikoku Electric Power 9507.TJapan$2.33B+24%-3%6%1.6×n/an/a
SPIC Green Energy 000875.SZChina$2.34B-34%-4%16%6.0×-0.2%+5.6%
SJVN SJVN.NSIndia$2.38B-28%+99%48%8.6×n/an/a
Chugoku Electric Power 9504.TJapan$2.41B+18%0%0%0.2×n/an/a
HCIG Energy Investment 000600.SZChina$2.01B-31%-12%9%2.1×n/an/a
Chongqing Fuling Electric Power Industrial 600452.SSChina$2.00B-25%-7%17%3.7×3.6%+2.4%
CHN Energy Changyuan Electric Power 000966.SZChina$1.99B-16%-9%1%2.7×6.6%+6.2%
An Hui Wenergy 000543.SZChina$2.52B-8%-18%11%3.1×1.3%+10.4%
State Grid Information & Communication 600131.SSChina$2.55B-17%+13%6%1.6×7.0%+8.7%
Guangdong Baolihua New Energy Stock 000690.SZChina$1.87B+9%+1%14%1.7×-11.6%+3.9%
Datang Huayin Electric Power 600744.SSChina$1.83B-30%-10%6%5.0×n/an/a
Enea ENA.WAPoland$2.80B-3%-11%n/a0.4×-7.7%+9.1%
CESC CESC.NSIndia$1.77B-32%+9%12%0.9×n/an/a
Beijing Jingneng Clean Energy 0579.HKHong Kong$1.74B-27%-1%18%3.2×-1.0%+3.5%
Chongqing Three Gorges Water Conservancy and Electric Power 600116.SSChina$1.73B-8%+4%6%1.9×-2.5%+14.1%
China Southern Power Grid Energy Efficiency & Clean Energy 003035.SZChina$2.89B-31%+10%18%8.4×11.6%+12.9%
Romande Energie REHN.SWSwitzerland$1.68B-1%+2%8%2.0×7.4%+7.2%
Kenon KENUnited States$2.99B-35%+53%8%5.2×n/an/a

Questions

Who are MVV Energie's main competitors?
Named competitors: EnBW (EBK.DE), RWE (RWE.DE), E.ON (EOAN.DE). The cockpit's measured peer set (industry) also includes Huadian Liaoning Energy Development (600396.SS), Henan Yuneng (001896.SZ), Shikoku Electric Power (9507.T), SPIC Green Energy (000875.SZ), SJVN (SJVN.NS), Chugoku Electric Power (9504.T).
Is MVV Energie expensive compared with its peers?
On ev / sales it trades at 0.7× against a peer median of 2.9×, 3rd cheapest of 21 in its peer set.
How has MVV Energie stock performed?
Over six months to 6 Nov 2026 the shares returned +0.7% against -21.1% for the median peer; over one year -3.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.