Siemens Energy AG

SMERY

Industrial - Machinery · Industrials

Price

$35.76

+0.24 (+0.68%)

Market Cap

$764.68B

Exchange

Other OTC

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Exceptional

Cash Flow

Exceptional

Stability

Exceptional

Valuation

Good

Dividends

Weak

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Share count rising — dilution

+23.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 17.87B (2021) → 22.08B (2025)

Winston Score History

The full picture

Siemens Energy AG is a German company that builds and services equipment used to generate, transmit, and store electricity. Its main products include gas turbines, wind turbines (through its majority stake in Siemens Gamesa), high-voltage power grid equipment, and energy storage systems. It sells to utilities, industrial companies, and governments around the world that need to produce or move electricity.

The company earns money by selling large equipment and then charging customers for long-term service and maintenance contracts, which provide steady recurring revenue. Siemens Energy operates globally, with strong presence in Europe, the Americas, and the Middle East, and its scale and deep service relationships with power plant operators give it a durable competitive position. The biggest growth driver is surging demand for grid upgrades and gas turbines as countries expand electricity infrastructure, but the company's wind turbine business has faced significant quality and cost problems in recent years that remain a key risk to watch.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+17.5% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+83.1% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

€1.3B/ year

↑ Rising (+10% vs prior year)

3.4% of revenue

In line with sector average (4%)

R&D investment increasing — building for the future

Insider Activity

7.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

€15.2B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Siemens Energy AG is a rare growth stock that's already generating positive cash flow while growing at 17%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

23.3%

Thin — 23.3% gross margin

Profit after running costs

Operating Margin

13.0%

Healthy — 13.0% operating margin

Return on the money invested

ROCE

25.9%

Exceptional — 25.9% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth

Sales YoY

+9.4%

Steady sales growth (+9.4% YoY)

Profit growth

EPS YoY

+189.1%

Earnings growing fast (+189.1% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

367%

Turns 367% of profit into real cash

Spare cash per sale

FCF Margin

19.0%

Converts sales into free cash efficiently (19.0%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.28

Conservative — low debt load (0.28)

Covers its interest

Interest Cover

17.08x

Comfortably covers interest (17.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

281.1x

Expensive — P/E 281.1

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+181.5

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (281.1 → 99.7)

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Dividends

Dividend

Dividend Yield

0.47%

Small dividend — 0.47% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

N/A

Data not available

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