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Swiss-German regional utility generating and supplying renewable electricity, mainly hydro power, along the Rhine border region.
Swiss-German regional utility generating and supplying renewable electricity, mainly hydro power, along the Rhine border region.
In one line: A regional renewable-focused utility like a smaller regional US power company.
Moat: narrow (regulatory licence, installed base). Owns significant hydro generation assets along the Rhine, though cross-border regulatory regimes add complexity versus a pure monopoly.
Headquarters: Rheinfelden, Germany/Switzerland border · Employees: 1,480
Size naturenergie (NEAG.SW) is a Switzerland Utilities company (Electric Utilities) with a market value of $1.17B, the 115th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 29.00 on 6 Nov 2026.
Performance Over six months the shares fell 12.1%, against -13.3% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue fell 15.7% over the last twelve months (peer median +5.1%); the operating margin is 13.0% (peer median 9.5%).
Valuation It trades at 12.1× forward earnings against a peer median of 10.9× (7th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.2 points above its cost of capital (5.0% WACC).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 1.36B | CHF 1.46B | CHF 1.63B | CHF 1.91B | CHF 1.51B |
| Revenue growth | — | -10% | -15% | +26% | — |
| Gross profit | CHF 177M | CHF 264M | CHF 277M | CHF 211M | CHF 166M |
| EBITDA | CHF 239M | CHF 241M | CHF 258M | CHF 167M | CHF 143M |
| Net income | CHF 151M | CHF 175M | CHF 171M | CHF 104M | CHF 99.5M |
| Free cash flow | n/a | CHF 75.8M | CHF 83.6M | -CHF 12.8M | -CHF 135M |
| Capital expenditure | n/a | CHF 160M | CHF 139M | CHF 100M | CHF 88.9M |
| Total debt | n/a | CHF 88.6M | CHF 85.5M | CHF 93.1M | CHF 100M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| naturenergie NEAG.SW | $1.17B | -12% | -16% | 13% | 12.1× | -15.5% |
| Romande Energie REHN.SW | $1.68B | -1% | +2% | 8% | 15.1× | 7.4% |
| Bkw BKW.SW | $8.12B | -17% | -5% | 11% | 14.1× | 1.6% |
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.
| Measure | NEAG.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.0% | -4.5% | 10th highest of 21 |
| 6-month return | -12.1% | -13.3% | 9th highest of 20 |
| Distance from 52-week high | -17.1% | -29.7% | 5th highest of 21 |
| Revenue growth (TTM) | -15.7% | +5.1% | 2nd lowest of 21 |
| Operating margin | 13.0% | 9.5% | 8th highest of 21 |
| Forward P/E | 12.1× | 10.9× | 7th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | -15.5% | 2.5% | least demanding of 16 |
| Growth delivered (Del g) | +5.6% | +10.2% | 7th lowest of 16 |
| Hurdle (Req g minus delivered) | -21.1 pp | -4.0 pp | 6th least demanding of 16 |
| ROIC minus cost of capital | +6.2 pp | +0.2 pp | 4th highest of 21 |
| EV / EBITDA | 4.1× | 9.0× | cheapest of 11 |
| Net debt / EBITDA | -0.7× | 2.2× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| naturenergie NEAG.SW | Switzerland | $1.17B | -12% | -16% | 13% | 12.1× | -15.5% | +5.6% |
| Hunan Energy Group Development 000722.SZ | China | $1.19B | -13% | +126% | 48% | n/a | 0.8% | +2.4% |
| CGN New Energy 1811.HK | Hong Kong | $1.16B | -23% | -12% | 26% | 6.2× | 4.2% | +8.2% |
| Guizhou Qianyuan Power 002039.SZ | China | $1.19B | -8% | +14% | 45% | 19.5× | -10.1% | +4.4% |
| Kasumigaseki Capital 3498.T | Japan | $1.16B | +15% | +70% | 17% | 7.6× | n/a | n/a |
| SG Mart SGMART.NS | India | $1.15B | +55% | +9% | 3% | 50.0× | 30.1% | +298.2% |
| Arendals Fossekompani AFK.OL | Norway | $1.11B | -2% | -7% | 11% | n/a | 14.4% | +3.6% |
| Jiangxi Ganneng 000899.SZ | China | $1.26B | -31% | +24% | 13% | 7.4× | -4.4% | +22.6% |
| Electricite de Strasbourg ELEC.PA | France | $1.29B | -34% | -10% | 8% | n/a | -10.7% | +11.1% |
| Unitil UTL | United States | $1.05B | +11% | +21% | 19% | 16.2× | n/a | n/a |
| Hokuriku Electric Power 9505.T | Japan | $1.34B | +16% | -5% | 7% | 7.6× | 8.4% | +3.7% |
| Polenergia PEP.WA | Poland | $1.02B | +3% | -19% | 6% | 30.6× | 15.8% | +18.5% |
| Top Energy Co. Ltd. Shanxi 600780.SS | China | $1.02B | -13% | 0% | 5% | n/a | -15.1% | +10.2% |
| Jaiprakash Power Ventures JPPOWER.NS | India | $1.01B | -29% | +6% | 21% | n/a | 9.9% | +11.0% |
| Hokkaido Electric Power Company,Incorporated 9509.T | Japan | $1.38B | +5% | -1% | 4% | 7.3× | n/a | n/a |
| Xinjiang Tianfu Energy 600509.SS | China | $1.40B | -16% | +9% | 7% | 14.7× | -4.3% | +11.5% |
| Jinneng Holding Shanxi Electric Power 000767.SZ | China | $1.40B | -20% | -6% | 6% | n/a | 2.5% | +5.6% |
| Hawaiian Electric Industries HE | United States | $1.45B | -43% | +2% | 11% | 5.2× | n/a | n/a |
| Vedanta Power VEDPOWER.NS | India | $1.46B | n/a | +5% | -13% | n/a | n/a | n/a |
| Guangxi Energy 600310.SS | China | $939M | -14% | +11% | 16% | 20.3× | 4.8% | -27.7% |
| Telecom Plus TEP.L | United Kingdom | $922M | -15% | +6% | 6% | 10.9× | -8.6% | +17.6% |