BKW AG/€BKW
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Capital at risk
About BKW AG
BKW AG is a Swiss utility company primarily engaged in the energy sector. It focuses on the production, transmission, and distribution of electricity, serving both commercial and residential customers. The company's operations include renewable energy generation, traditional power plants, and energy services that encompass consulting and contracting. Founded in 1898, BKW AG is headquartered in Bern, Switzerland, and operates principally within the Swiss market, with an expanding presence in international energy networks and infrastructure services. The company leverages its expertise in sustainable energy solutions to maintain a strategic position in the transition to greener energy sources, enhancing its competitive strengths in the energy industry.
- Ticker
- €BKW
- Sector
- Utilities
- Primary listing
- XGAT
- Employees
- 12,592
- Headquarters
- Bern, Switzerland
- Website
- www.bkw.ch
BKW AG Metrics
BasicAdvanced
€6.9B
17.52
€7.45
0.11
€4.15
3.18%
Price and volume
Market cap
€6.9B
Beta
0.11
52-week high
€197.80
52-week low
€129.70
Average daily volume
66K
Dividend rate
€4.15
Financial strength
Current ratio
1.777
Quick ratio
1.425
Long term debt to equity
0.301
Total debt to equity
0.316
Dividend payout ratio (TTM)
53.90%
Interest coverage (TTM)
6.35%
Profitability
EBITDA (TTM)
755.258
Gross margin (TTM)
47.60%
Net profit margin (TTM)
8.81%
Operating margin (TTM)
11.16%
Effective tax rate (TTM)
23.29%
Revenue per employee (TTM)
€359,240
Management effectiveness
Return on assets (TTM)
2.63%
Return on equity (TTM)
6.96%
Valuation
Price to earnings (TTM)
17.517
Price to revenue (TTM)
1.543
Price to book
1.18
Price to tangible book (TTM)
1.58
Price to free cash flow (TTM)
23.944
Free cash flow yield (TTM)
4.18%
Free cash flow per share (TTM)
5.448
Dividend yield (TTM)
3.18%
Forward dividend yield
3.18%
Growth
Revenue change (TTM)
-5.21%
Earnings per share change (TTM)
-19.14%
3-year revenue growth (CAGR)
-5.84%
10-year revenue growth (CAGR)
5.65%
3-year earnings per share growth (CAGR)
-23.14%
10-year earnings per share growth (CAGR)
2.92%
3-year dividend per share growth (CAGR)
10.72%
10-year dividend per share growth (CAGR)
9.04%
Bulls say / Bears say
BKW delivered a strong 2025 operating result of CHF 674.6 million before valuation adjustments—its third-best fiscal year—and proposed raising the ordinary dividend to CHF 3.80 per share. (BKW)
The Power Grid business remained stable in the first half of 2026, while Infrastructure & Buildings produced positive results; BKW also cited sustained demand for complex, energy-efficient infrastructure and building projects. (BKW)
BKW is expanding its transition-related growth platform: by June 2026, about 35,500 renewable-generation systems totaling roughly 1.2 GW were connected to its distribution grid, smart-meter installations had reached 211,000, and construction had begun on the Grimsel 4 hydropower project. (BKW)
BKW’s first-half 2026 operating momentum weakened: revenue fell 3.1% year over year, EBITDA declined 10.1%, EBIT fell 15.1%, and operating net profit dropped to CHF 169.1 million from CHF 210.4 million. (BKW)
Management expects 2026 EBIT at the lower end of its CHF 650–750 million target range, signaling limited near-term earnings upside after the weak first half. (BKW)
BKW remains exposed to volatile power-market conditions: the company reported that Energy Solutions was temporarily hurt by market disruptions, while its 2025 results were also affected by lower hydropower and wind output and a valuation adjustment linked to the Wilhelmshaven coal plant. (BKW)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.
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Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.