BN · rank #5 · 2026-10-19
ENR
XETRA · EUR · $129.06B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | 0.19 |
|---|---|
| Forward revenue growth Consensus forward revenue growth. | +14.6% |
| Forward net margin Consensus forward net margin. | +7.8% |
| Net margin TTM Trailing twelve month net margin. | +6.4% |
| Margin expansion Forward minus trailing net margin (percentage points). | +1.3% |
| Forward PEG Forward P/E to growth. Below 1 is cheap for the growth. | 0.40 |
| Debt / FCF Net debt relative to free cash flow. Lower is safer. | 0.39× |
| Analyst upside Spread between the consensus 12m target and the current price. | +43.4% |
| Last EPS surprise Most recent reported EPS versus consensus. | +10% |
| Market cap (USD) | $129.06B |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Siemens Energy AG is a global supplier of high-voltage grid equipment, gas turbines, HVDC systems and wind turbines whose Grid Technologies and Gas Services divisions are direct beneficiaries of the EU grid buildout bottleneck.
Rationale
A record €162 billion backlog (including €51 billion in Grid Technologies), 1.57 book-to-bill, 95% FY2026 revenue coverage, 28% Grid Technologies order growth and a 0.40 forward PEG collectively confirm that ENR is a genuine, contracted bottleneck-solver rather than a sentiment-driven rotation play.
Material risks
- 1Capacity expansions by Hitachi Energy, GE Vernova and ABB in transformers and HVDC—alongside Siemens Energy's own ~50% capacity ramp—could erode scarcity pricing power before the backlog fully converts, compressing the margin expansion embedded in the thesis.
- 2Siemens Gamesa's return to profitability is recent and fragile; a recurrence of turbine-quality or warranty losses would drain the group's exceptional free cash flow (~€8 billion guided for FY2026) and divert capital from grid-segment growth.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.