Company Valuation: EDP, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 19,070 18,378 18,976 12,871 16,184 19,421 - -
Change - -3.63% 3.26% -32.17% 25.75% 20% - -
Enterprise Value (EV) 1 30,635 18,378 34,295 28,436 31,541 36,269 36,127 36,077
Change - -40.01% 86.61% -17.09% 10.92% 14.99% -0.39% -0.14%
P/E 29.2x 27.2x 20x 16.3x 14x 14.8x 15.3x 14.7x
PBR 2.05x - 1.64x 1.1x 1.44x 1.55x 1.49x 1.39x
PEG - 8.04x 0.6x -1x 0.3x 1.1x -4.98x 3.29x
Capitalization / Revenue 1.27x 0.89x 1.17x 0.86x 1.04x 1.23x 1.22x 1.21x
EV / Revenue 2.04x 0.89x 2.12x 1.9x 2.02x 2.29x 2.27x 2.24x
EV / EBITDA 8.23x 4.06x 6.83x 5.92x 6.27x 7.03x 7.02x 6.85x
EV / EBIT 15.9x 7.26x 12.3x 12.6x 10.5x 11.5x 11.6x 11.3x
EV / FCF -23x 66.2x -10.7x -21.7x -80.4x 28x 64.9x 69x
FCF Yield -4.35% 1.51% -9.39% -4.61% -1.24% 3.57% 1.54% 1.45%
Dividend per Share 2 0.19 0.19 0.195 0.2 0.205 0.1974 0.209 0.2135
Rate of return 3.93% 4.08% 4.28% 6.47% 5.24% 4.2% 4.45% 4.54%
EPS 2 0.1656 0.1712 0.2275 0.19 0.28 0.3166 0.3069 0.3206
Distribution rate 115% 111% 85.7% 105% 73.2% 62.4% 68.1% 66.6%
Net sales 1 14,983 20,651 16,202 14,966 15,607 15,847 15,909 16,102
EBITDA 1 3,723 4,524 5,020 4,801 5,028 5,159 5,150 5,268
EBIT 1 1,931 2,530 2,798 2,262 2,999 3,142 3,121 3,200
Net income 1 657 679 952 801 1,150 1,349 1,293 1,353
Net Debt 1 11,565 - 15,319 15,565 15,357 16,848 16,706 16,656
Reference price 2 4.832 4.656 4.555 3.091 3.915 4.698 4.698 4.698
Nbr of stocks (in thousands) 3,946,678 3,947,065 4,165,997 4,163,910 4,133,900 4,133,898 - -
Announcement Date 2/17/22 3/1/23 3/1/24 3/13/25 2/25/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.67x4.99x36.54x0.22% 243B
20.33x8.93x15.27x3.01% 171B
20.03x4.1x11.3x3.58% 153B
13.04x1.88x6.69x5.44% 109B
19.74x5.8x12.67x3.43% 102B
21.78x3.36x13.64x0.62% 98.05B
17.82x5.54x11.16x3.62% 93.76B
19.21x5.08x12.28x3.15% 66.59B
18.28x6.19x13.01x4.07% 57.65B
Average 19.99x 5.10x 14.73x 3.01% 121.42B
Weighted average by Cap. 21.32x 5.22x 17.55x 2.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield