BKW AG (XSWX:BKW) Intrinsic Value: Projected FCF: CHF137.58 (As of Sep. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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XSWX:BKW BKW AG XSWX:BKW
65 GF Score
Price CHF125.90
GF Value CHF151.99
Valuation Modestly Undervalued
! 3 Warning Signs
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What is BKW AG Intrinsic Value: Projected FCF?

BKW AG XSWX:BKW +0.16% 65 Intrinsic Value: Projected FCF is CHF137.58 as of Sep. 21, 2026. GuruFocus rates XSWX:BKW with a GF Score™ of 65/100 and a GF Value™ of CHF151.99 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 240 Utilities - Independent Power Producers companies, BKW AG ranks worse than 55.83% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-21), BKW AG's Intrinsic Value: Projected FCF is CHF137.58. The stock price of BKW AG is CHF125.90. Therefore, BKW AG's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

The historical rank and industry rank for BKW AG's Intrinsic Value: Projected FCF or its related term are showing as below:

XSWX:BKW' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.7   Med: 1.06   Max: 1.35
Current: 0.92

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of BKW AG was 1.35. The lowest was 0.70. And the median was 1.06.

XSWX:BKW's Price-to-Projected-FCF is ranked worse than
55.83% of 240 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.76 vs XSWX:BKW: 0.92

BKW AG  (XSWX:BKW) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

BKW AG's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=125.90/140.826853006
=0.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


BKW AG Intrinsic Value: Projected FCF Related Terms


BKW AG Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for BKW AG's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BKW AG Intrinsic Value: Projected FCF Chart

BKW AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 96.48 114.85 137.88 150.14 147.53

BKW AG Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 136.75 156.52 141.53 151.22 140.02

BKW AG Intrinsic Value: Projected FCF Competitor Comparison

For the Utilities - Renewable subindustry, BKW AG's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BKW AG Price-to-Projected-FCF vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, BKW AG's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where BKW AG's Price-to-Projected-FCF falls into.


XSWX:BKW
65GF Score
BKW AG XSWX:BKW
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BKW AG Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get BKW AG's Free Cash Flow(6 year avg) = CHF253.87.

BKW AG's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(12.018181128481*253.87142857143+5466.7*0.8)/52.720292
=140.83

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of CHF137.58 mean?
BKW AG (XSWX:BKW) has a Intrinsic Value: Projected FCF of CHF137.58 as of Sep. 21, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on BKW AG and its competitors. According to the industry distribution chart, BKW AG ranks #134 out of 240 companies in the Utilities - Independent Power Producers industry, placing it in the top 55.8%.
Is BKW AG's Intrinsic Value: Projected FCF too high?
BKW AG's current Intrinsic Value: Projected FCF is CHF137.58. Based on the distribution chart, BKW AG ranks #134 out of 240 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, BKW AG has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BKW AG's Intrinsic Value: Projected FCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, BKW AG ranks #134 out of 240 companies for Intrinsic Value: Projected FCF. This places BKW AG in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.76. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Utilities - Independent Power Producers company?
The median Intrinsic Value: Projected FCF among Utilities - Independent Power Producers companies is 0.76, based on 240 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on BKW AG and its competitors. For the Utilities - Independent Power Producers industry, the median Intrinsic Value: Projected FCF is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BKW AG's current Intrinsic Value: Projected FCF is CHF137.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BKW AG stock overvalued right now?
Based on GuruFocus' analysis, BKW AG (XSWX:BKW) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF151.99, compared to a current price of CHF125.90 — trading 17.2% below its estimated fair value. The current Intrinsic Value: Projected FCF is CHF137.58. BKW AG's overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For BKW AG (XSWX:BKW), the current Intrinsic Value: Projected FCF is CHF137.58 as of Sep. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BKW AG (XSWX:BKW) Overvalued in 2026?

Based on GuruFocus' analysis, BKW AG stock appears to be undervalued. The current stock price of CHF125.90 is trading 17.2% below its estimated GF Value™ of CHF151.99. GuruFocus considers BKW AG to be Modestly Undervalued.

Key valuation signals for XSWX:BKW:

  • Intrinsic Value: Projected FCF: CHF137.58
  • GF Value™: CHF151.99 vs. price of CHF125.90 (17.2% below fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the XSWX:BKW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BKW AG Business Description

Address Viktoriaplatz 2, Bern, CHE, 3013
BKW AG is an international energy and infrastructure company, offering integrated solutions in the fields of energy, buildings, and infrastructure. It operates in three reportable business segments: Energy Solutions, Power Grid, and Infrastructure and Buildings. Maximum revenue is generated from the Energy Solutions segment, which builds, operates, and maintains BKW's portfolio of power plants in Switzerland and abroad. It also includes the sale of energy in Switzerland, trading in electricity, certificates, and raw materials, as well as wind, solar, and smart energy services. Geographically, the group generates maximum revenue from its business in Switzerland, followed by Germany, Italy, France, and other countries.
65GF Score

Get the complete analysis for XSWX:BKW

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF125.90
Price
CHF151.99
GF Value