Research and Markets: New Performance Pillar Combines 5 Financial Metrics to Measure Business Performance of Eneco
DUBLIN, Ireland--(Business Wire)--Research and Markets
(http://www.researchandmarkets.com/reports/c75521) has announced the
addition of "European Utilities Key Player Profiles: Eneco" to their
offering.
The Performance pillar combines 5 financial metrics to measure
business performance. The Scale pillar combines financial and
operational metrics to measure the size of a utility. The Growth
pillar measures the rate of growth of a utilitys financial and energy
resources. The Exposure pillar combines both operational and financial
measurements of risk.
Scope of this title:
A thorough review of the key operational and financial metrics
that drive utility performance. A comparison and ranking of key
metrics across Europe's leading utilities.
Highlights of this title:
The Finnish utility Fortum leads on the Performance pillar and
Russias Gazprom on the Scale pillar whilst Denmark's Dong leads in
both the Growth and Exposure pillars
Reasons to order your copy:
-- See where a company ranks in our European utility scorecard
-- Gain a comprehensive assessment of a company's market share
across Europe
-- Acquire a wealth of company data from retail volumes to
structural hedge positions
-0-
*T
CATALYST
SUMMARY
METHODOLOGY
ANALYSIS
European Utilities Key Player Profile: Eneco
Our Key Player Scorecard examines 31 leading utilities drawn from
across Europe's competitive arenas
Key Players dominate power generation capacity market share in the
Wmed competitive arena
Key Players dominate power generation output market share in the Wmed
and CEE competitive arenas
Despite ongoing industry consolidation, in no competitive arenas do
Key Players dominate power supply volume market share
Despite ongoing industry consolidation, in no competitive arenas do
Key Players dominate gas volume market share
The Key Player Scorecard assesses utilities across four pillars:
Performance, Scale, Growth and Exposure
The Performance pillar combines 5 financial metrics to measure
business performance
The Scale pillar combines financial and operational metrics to measure
the size of a utility
The Growth pillar measures the rate of growth of a utilites financial
and energy resources
The Exposure pillar combines both operational and financial
measurements of risk
Eneco scores 27.9/100 on our European Utility Scorecard and ranks 25
out of the 31 Key Players covered
Eneco ranks in the bottom half of Key Player utilities on three of the
four Scorecard pillars
Eneco achieves an overall ranking of 25, with a utility score of 27.9
Only on the Growth pillar does Eneco score the Key Player average
Eneco performs below the Key Player average and most top ten
utilities, yet it has a slightly higher than average level of risk 23
Eneco lags the Key Player average in Scale, but is roughly average in
terms of Growth
On four of the five Performance metrics Eneco scores below the Key
Player average, for an overall ranking of 20 on this pillar
Enecos overall financial Performance score of 9.8 underperforms the
Key Player average of 10.9
Eneco mirrors the Key Player average in operating profit margin, but
underperforms on return on sales
Eneco scores well below average on return on energy volume
Eneco is a middle-ranked utility on gas supply volume, but ranks 27
overall on the Scale pillar
Eneco trails the average score on each Scale metric, and ranks below
average on all but gas supply volume
In generation capacity, Eneco ranks 25 with 0.8 GW
Though Eneco is an integrated utility, its gas supply volume exceeds
power supply volume by almost three to one
Eneco has a 3.5% share of Key Player power customers
Eneco ranks 21 in terms of power supply volume
Enecos share of the gas market is negligible, with less than one
percent of Key Player gas customers
Enecos market share of EU25 gas supply volume is less than one percent
Eneco ranks 26 in revenue and 24 in net income, respectively
Eneco ranks 6 in revenue growth, yet lags on other metrics for an
overall Growth rank of 13
Eneco falls well below the Key Player average on growth in operating
cash flow and profits
Eneco is not a listed company, and so has no price earnings ratio
From 2001-2005, Enecos average annual profit growth (8.4%) kept pace
with revenue growth of 10.5%
Despite an increase in power supply volume of 9.2% from 2004-2005,
Enecos operating cash flow declined -3.6%
Eneco has a high power NTR, pulling its Exposure ranking down to 20
out of 31
Eneco has lower Exposure rankings on operational than financial
metrics
Eneco has a short power and gas NTR of -74.9% and -100%, respectively
Enecos power supply volume obligations exceed its generation output,
leading to a power NTR of 16,500 GW
Enecos is comparatively lightly leveraged, with a debt to equity ratio
of 39.8%
Eneco ranks 9 of the 31 Key Players in terms of debt leverage
Though Enecos energy supply volume has grown 2.2%, operating cash flow
has declined -3.6%
Eneco power and gas supply volumes are sold in the Netherlands
Gas-fired plants are Enecos main generation capacity type
Eneco has a 3.5% share of Key Player power customers
Enecos share of the gas market is negligible, with less than one
percent of Key Player gas customers
APPENDIX
Databook
Definitions
*T
For more information visit
http://www.researchandmarkets.com/reports/c75521
Source: Datamonitor
Research and Markets
Laura Wood, press@researchandmarkets.com
fax: +353 1 4100 980
Copyright Business Wire 2007
