BN · rank #5 · 2026-10-20
ENR
XETRA · EUR · $127.03B (USD)
The exact numbers the algorithm saw.
| Composite score Z-score blend of the factors below; drives the rank. | 0.11 |
|---|---|
| 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. | +45.4% |
| Last EPS surprise Most recent reported EPS versus consensus. | +10% |
| Market cap (USD) | $127.03B |
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 segments are direct beneficiaries of the European and global grid-capacity buildout.
Rationale
The bottleneck-solver thesis is strongly reinforced by a record €162 billion backlog (€51 billion in Grid Technologies alone), 28% order growth in transformers and switchgear, ~95% FY2026 revenue coverage, and a 1.57 book-to-bill that confirms structural supply scarcity rather than sentiment-driven pricing.
Material risks
- 1Competitive capacity expansions by Hitachi Energy, GE Vernova and ABB in large transformers and HVDC could erode scarcity-driven pricing power before ENR's own 50%-capacity-expansion program is complete, partially commoditizing the bottleneck this thesis depends on.
- 2Siemens Gamesa's return to profitability is recent and fragile; a renewed wave of offshore turbine warranty charges or execution failures could absorb the group's substantial free cash flow and distract management from the grid-equipment growth engine.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.