BKW AG/Fr. BKW
1D1W1MYTD1Y5YMAX
Capital at risk
About BKW AG
BKW AG is a Swiss energy company primarily involved in the generation, distribution, and sale of electricity. Its core business covers power production, with a significant focus on renewable energy sources, including hydroelectric, solar, and wind power. The company also provides services in the areas of energy efficiency, building technology, and infrastructure engineering. Founded in 1898, BKW is headquartered in Bern, Switzerland, and operates a substantial distribution network within the region while expanding its services across Europe. BKW's strategic positioning is strengthened by its integrated approach to energy solutions, combining traditional energy supply with innovative services in engineering and consulting, aiming for a sustainable energy future.
- Ticker
- Fr. BKW
- Sector
- Utilities
- Primary listing
- XSWX
- Employees
- 12,592
- Headquarters
- Bern, Switzerland
- Website
- www.bkw.ch
BKW AG Metrics
BasicAdvanced
CHF 6.5B
17.41
CHF 7.05
0.11
CHF 3.80
3.10%
Price and volume
Market cap
CHF 6.5B
Beta
0.11
52-week high
CHF 183.50
52-week low
CHF 121.90
Average daily volume
65K
Dividend rate
CHF 3.80
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)
714.8
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)
CHF 340,000
Management effectiveness
Return on assets (TTM)
2.63%
Return on equity (TTM)
6.96%
Valuation
Price to earnings (TTM)
17.409
Price to revenue (TTM)
1.534
Price to book
1.18
Price to tangible book (TTM)
1.57
Price to free cash flow (TTM)
23.796
Free cash flow yield (TTM)
4.20%
Free cash flow per share (TTM)
5.156
Dividend yield (TTM)
3.10%
Forward dividend yield
3.10%
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
The Power Grid segment provides earnings resilience: first-half 2026 revenue rose slightly to CHF 322.8 million and EBITDA increased 2.3%, supported by higher transmission volumes. (BKW)
Infrastructure & Buildings is improving profitability, with first-half 2026 EBITDA up 5.8% and EBIT up 12.8%; BKW cited a strong order book in high-margin engineering and high-voltage-line projects. (BKW)
BKW entered 2026 from a strong base: its 2025 operating result before valuation adjustments reached CHF 674.6 million, its third-best year historically, and the board proposed raising the dividend to CHF 3.80 per share. (BKW)
BKW’s first-half 2026 EBITDA fell 10.1% year over year to CHF 387.9 million and EBIT declined 15.1% to CHF 263.7 million; management expects full-year EBIT at the lower end of its CHF 650–750 million target range. (BKW)
Energy Solutions remains vulnerable to weather and market volatility: first-half 2026 EBIT fell 24.2% as low water levels, weak wind conditions and Middle East-related trading disruption reduced performance. (BKW)
BKW faces execution and capital-intensity risks in its broader portfolio: higher network investment increased depreciation, while photovoltaic market conditions remained challenging; the 2025 result also included a valuation adjustment related to its Wilhelmshaven coal-plant investment. (BKW)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.
Upcoming events
No upcoming events
Funds containing BKW AG
AllEURGBPUSD
Fund name | Fund size | Fr. BKW weighting |
|---|---|---|
iShares STOXX Europe 600 Utilities€EXH9 | €785M | 0.45% |
SPDR MSCI World Utilities€WUTI | €72M | 0.14% |
SPDR MSCI All Country World IM€SPYI | €7.5B | 0.04% |
Amundi STOXX Europe 600€MEUD | €7.6B | 0.04% |
Amundi STOXX Europe 600£MEUD | £6.6B | 0.03% |
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.