Analysts` Estimates
Consensus of Analysts‘ Estimates of RWE‘s Key Performance Indicators
(Last updated 25 April 2012, Vara Research, RWE)
The following consensus data is adjusted and only includes analyst estimates taking already into account the planned disposals. A download of a detailed version as well as the unadjusted consensus can be found below the table.
EBITDA (million €) | FY 2011 | FY 2012 E | FY 2013 E | FY 2014 E | FY 2015 E |
| - Number of Estimates | 11 | 11 | 10 | 6 | |
| - Highest | 8,945 | 9,356 | 9,844 | 10,947 | |
| - Average | 8,460 | 8,637 | 8,763 | 8,924 | 9,328 |
| - Median | 8,680 | 8,866 | 9,107 | 9,269 | |
| - Lowest | 8,016 | 7,795 | 7,832 | 8,167 | |
Operating result (million €) | FY 2011 | FY 2012 E | FY 2013 E | FY 2014 E | FY 2015 E |
| - Number of Estimates | 11 | 11 | 10 | 6 | |
| - Highest | 6,017 | 5,997 | 6,336 | 7,261 | |
| - Average | 5,814 | 5,842 | 5,712 | 5,771 | 5,987 |
| - Median | 5,851 | 5,792 | 5,833 | 5,776 | |
| - Lowest | 5,636 | 5,067 | 4,732 | 5,039 | |
Net Income (million €) | FY 2011 | FY 2012 E | FY 2013 E | FY 2014 E | FY 2015 E |
| - Number of Estimates | 11 | 11 | 10 | 6 | |
| - Highest | 2,911 | 3,143 | 3,032 | 3,855 | |
| - Average | 1,806 | 2,511 | 2,491 | 2,605 | 2,785 |
| - Median | 2,484 | 2,473 | 2,690 | 2,620 | |
| - Lowest | 2,291 | 1,963 | 1,934 | 2,086 | |
Recurrent Net Income (million €) | FY 2011 | FY 2012 E | FY 2013 E | FY 2014 E | FY 2015 E |
| - Number of Estimates | 11 | 11 | 10 | 6 | |
| - Highest | 2,671 | 2,670 | 3,032 | 3,855 | |
| - Average | 2,479 | 2,519 | 2,465 | 2,641 | 2,785 |
| - Median | 2,532 | 2,518 | 2,690 | 2,620 | |
| - Lowest | 2,312 | 2,159 | 1,934 | 2,086 | |
Average number of shares (in million) | FY 2011 | FY 2012 E | FY 2013 E | FY 2014 E | FY 2015 E |
| - Number of Estimates | 11 | 11 | 10 | 6 | |
| - Highest | 614.7 | 614.7 | 614.7 | 614.7 | |
| - Average | 539.0 | 614.3 | 614.3 | 614.3 | 614.3 |
| - Median | 614.0 | 614.0 | 614.0 | 614.0 | |
| - Lowest | 613.6 | 613.6 | 613.6 | 613.6 | |
Earnings per Share (EPS, €) | FY 2011 | FY 2012 E | FY 2013 E | FY 2014 E | FY 2015 E |
| - Number of Estimates | 11 | 11 | 10 | 6 | |
| - Highest | 4.74 | 5.12 | 4.93 | 6.27 | |
| - Average | 3.35 | 4.09 | 4.06 | 4.24 | 4.53 |
| - Median | 4.05 | 4.03 | 4.38 | 4.27 | |
| - Lowest | 3.73 | 3.20 | 3.15 | 3.39 | |
Recurrent Earnings per Share (EPS, €) | FY 2011 | FY 2012 E | FY 2013 E | FY 2014 E | FY 2015 E |
| - Number of Estimates | 11 | 11 | 10 | 6 | |
| - Highest | 4.35 | 4.34 | 4.93 | 6.27 | |
| - Average | 4.60 | 4.10 | 4.01 | 4.30 | 4.53 |
| - Median | 4.12 | 4.10 | 4.38 | 4.27 | |
| - Lowest | 3.77 | 3.52 | 3.15 | 3.40 | |
Dividend per Share (€) | FY 2011 | FY 2012 E | FY 2013 E | FY 2014 E | FY 2015 E |
| - Number of Estimates | 11 | 11 | 10 | 6 | |
| - Highest | 2.23 | 2.32 | 2.68 | 3.45 | |
| - Average | 2.00 | 2.06 | 2.08 | 2.26 | 2.45 |
| - Median | 2.00 | 2.08 | 2.35 | 2.23 | |
| - Lowest | 1.88 | 1.86 | 1.88 | 1.87 |
The following brokers have contributed to the consensus: Baader Bank, Bank of America - Merrill Lynch, Bankhaus Metzler, Barclays, Berenberg, Cheuvreux, Citigroup, Commerzbank, Credit Suisse, DZ Bank, Espírito Santo, Exane BNP, Goldman Sachs, JP Morgan, Macquarie, Mainfirst, Morganstanley, Natixis, Nomura, Oddo Securities, Redburn, Santander Bolsa, UBS, Warburg Research, West LB.
Download Analysts' Estimates (as of 04/25/2012) (XLS | 0.3 MB)
Previous versions:
Download Analysts' Estimates (as of 02/09/2012) (XLS | 0.3 MB)
Download Analysts' Estimates (as of 11/07/2011) (XLS | 0.3 MB)
Download Analysts' Estimates (as of 09/09/2011) (XLS | 0.3 MB)
Download Analysts' Estimates (as of 07/01/2011) (XLS | 0.3 MB)
Download Analysts' Estimates (as of 02/16/2011) (XLS | 80 KB)
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Disclaimer:
This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. RWE AG did not participate in the compilation of the estimates and does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness. Reference to recommendations and assessments serves only for reader information and is non-binding. This document does not imply that RWE AG subscribes to these recommendations, opinions or conclusions in any form whatsoever, or that RWE AG supports or confirms them. RWE AG accepts no liability for the selection, current relevance, completeness or correctness of the analysts’ recommendations and assessments reproduced here. None of the information provided is to be understood as an offer for purchase of RWE shares or RWE bonds, or to be advertising same. Any liability on the part of RWE AG for losses incurred by third parties arising from the information contained on this Internet site is precluded.
