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 19,165 - -
Change - -3.63% 3.26% -32.17% 25.75% 18.42% - -
Enterprise Value (EV) 1 30,635 18,378 34,295 28,436 31,541 35,995 35,856 35,806
Change - -40.01% 86.61% -17.09% 10.92% 14.12% -0.38% -0.14%
P/E 29.2x 27.2x 20x 16.3x 14x 14.7x 15.1x 14.5x
PBR 2.05x - 1.64x 1.1x 1.44x 1.53x 1.48x 1.37x
PEG - 8.04x 0.6x -1x 0.3x 1.2x -5.48x 3.13x
Capitalization / Revenue 1.27x 0.89x 1.17x 0.86x 1.04x 1.21x 1.21x 1.19x
EV / Revenue 2.04x 0.89x 2.12x 1.9x 2.02x 2.27x 2.26x 2.22x
EV / EBITDA 8.23x 4.06x 6.83x 5.92x 6.27x 6.99x 6.97x 6.8x
EV / EBIT 15.9x 7.26x 12.3x 12.6x 10.5x 11.5x 11.5x 11.2x
EV / FCF -23x 66.2x -10.7x -21.7x -80.4x 27.8x 64.4x 68.5x
FCF Yield -4.35% 1.51% -9.39% -4.61% -1.24% 3.6% 1.55% 1.46%
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% 4.26% 4.51% 4.61%
EPS 2 0.1656 0.1712 0.2275 0.19 0.28 0.3148 0.3061 0.3203
Distribution rate 115% 111% 85.7% 105% 73.2% 62.7% 68.3% 66.7%
Net sales 1 14,983 20,651 16,202 14,966 15,607 15,837 15,889 16,100
EBITDA 1 3,723 4,524 5,020 4,801 5,028 5,150 5,146 5,266
EBIT 1 1,931 2,530 2,798 2,262 2,999 3,136 3,117 3,198
Net income 1 657 679 952 801 1,150 1,340 1,290 1,351
Net Debt 1 11,565 - 15,319 15,565 15,357 16,830 16,692 16,641
Reference price 2 4.832 4.656 4.555 3.091 3.915 4.636 4.636 4.636
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.67x2.27x6.98x4.27% 22.29B
31.08x5.25x38.42x0.21% 255B
20.78x9.07x15.47x2.95% 174B
19.73x4.12x11.32x3.62% 152B
13.09x1.89x6.71x5.41% 110B
19.9x5.83x12.79x3.4% 102B
21.48x3.33x13.49x0.63% 96.68B
17.77x5.53x11.14x3.63% 93.45B
19x5.05x12.2x3.18% 65.84B
18.58x6.25x13.11x4.01% 58.58B
Average 19.61x 4.86x 14.16x 3.13% 113.04B
Weighted average by Cap. 21.60x 5.25x 17.98x 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