REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A. Financials REN - Redes Energéticas Nacionais, SGPS, S.A. Börse Stuttgart
Equities
RN4
PTREL0AM0008
Electric Utilities
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.28 EUR | -0.87% |
|
-6.37% | -1.08% |
Valuation
| Fiscal Period: Dicembre | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,804 | 1,569 | 1,688 | 1,672 | 1,542 | 1,522 | - | - |
| Enterprise Value (EV) 1 | 4,630 | 4,331 | 4,055 | 3,715 | 4,291 | 4,153 | 4,155 | 4,158 |
| P/E ratio | 15.1 x | 14.8 x | 17 x | 14.8 x | 10.6 x | 13.8 x | 14.2 x | 14.7 x |
| Yield | 6.29% | 7.23% | 6.05% | 6.11% | 6.62% | 6.59% | 6.63% | 6.66% |
| Capitalization / Revenue | 2.29 x | 2.07 x | 2.01 x | 2.03 x | 1.56 x | 1.62 x | 1.59 x | 1.66 x |
| EV / Revenue | 5.89 x | 5.71 x | 4.84 x | 4.51 x | 4.33 x | 4.42 x | 4.35 x | 4.53 x |
| EV / EBITDA | 9.52 x | 9.21 x | 8.8 x | 7.62 x | 8.35 x | 8.26 x | 8.18 x | 8.21 x |
| EV / FCF | 29.8 x | 21.3 x | 8.95 x | 9.02 x | -6.98 x | 14.8 x | 23.4 x | 20.2 x |
| FCF Yield | 3.36% | 4.69% | 11.2% | 11.1% | -14.3% | 6.77% | 4.26% | 4.96% |
| Price to Book | 1.25 x | 1.13 x | 1.2 x | 1.1 x | - | 1 x | 0.99 x | 1 x |
| Nbr of stocks (in thousands) | 663,310 | 663,310 | 663,310 | 663,310 | 663,310 | 663,310 | - | - |
| Reference price 2 | 2.720 | 2.365 | 2.545 | 2.520 | 2.325 | 2.295 | 2.295 | 2.295 |
| Announcement Date | 20-03-25 | 21-03-23 | 22-03-24 | 23-03-07 | 24-03-07 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Dicembre | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 786.8 | 758.3 | 838.4 | 823 | 991.2 | 939.6 | 955.5 | 918.5 |
| EBITDA 1 | 486.2 | 470.2 | 460.8 | 487.3 | 514 | 502.7 | 508 | 506.4 |
| EBIT 1 | 250.6 | 228.9 | 218.9 | 238 | 260.8 | 248.7 | 245.4 | 238.5 |
| Operating Margin | 31.85% | 30.18% | 26.11% | 28.92% | 26.31% | 26.47% | 25.69% | 25.97% |
| Earnings before Tax (EBT) 1 | 198.1 | 182.2 | 176.3 | 194.1 | 220.2 | 186.2 | 179.6 | 167.7 |
| Net income 1 | 118.9 | 109.2 | 97.2 | 111.8 | 149.2 | 109.6 | 107.2 | 105 |
| Net margin | 15.11% | 14.41% | 11.59% | 13.58% | 15.06% | 11.66% | 11.22% | 11.43% |
| EPS 2 | 0.1800 | 0.1600 | 0.1500 | 0.1700 | 0.2200 | 0.1661 | 0.1614 | 0.1563 |
| Free Cash Flow 1 | 155.6 | 203 | 452.9 | 411.9 | -614.5 | 281 | 177.2 | 206.3 |
| FCF margin | 19.77% | 26.76% | 54.03% | 50.05% | -62% | 29.91% | 18.55% | 22.46% |
| FCF Conversion (EBITDA) | 32% | 43.16% | 98.29% | 84.53% | - | 55.89% | 34.88% | 40.75% |
| FCF Conversion (Net income) | 130.84% | 185.78% | 465.98% | 368.42% | - | 256.49% | 165.29% | 196.51% |
| Dividend per Share 2 | 0.1710 | 0.1710 | 0.1540 | 0.1540 | 0.1540 | 0.1513 | 0.1522 | 0.1528 |
| Announcement Date | 20-03-25 | 21-03-23 | 22-03-24 | 23-03-07 | 24-03-07 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | - | - | - | 215.9 | 243.1 | - | - | - | 211.1 |
| EBITDA 1 | 227.9 | 117.4 | 118.4 | 120 | 238.4 | 122.5 | 131.9 | 133 | 264.9 | 130.6 | 118.5 | 128.9 |
| EBIT 1 | - | - | 56.49 | 58.12 | 114.6 | 61.67 | 69.22 | 72.19 | 141.4 | 65.29 | 54.1 | 64.44 |
| Operating Margin | - | - | - | - | - | - | 32.06% | 29.69% | - | - | - | 30.53% |
| Earnings before Tax (EBT) 1 | - | - | 46.84 | 52.24 | 89.59 | 49.46 | 56.12 | 66.29 | 122.4 | 48.81 | 49.03 | 44.32 |
| Net income 1 | - | 28.85 | 5.957 | 39.9 | 45.85 | 35.57 | 12.78 | 50.22 | 63 | 33.21 | 52.99 | 3.697 |
| Net margin | - | - | - | - | - | - | 5.92% | 20.65% | - | - | - | 1.75% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21-07-29 | 22-03-24 | 22-05-20 | 22-07-28 | 22-07-28 | 22-11-10 | 23-04-27 | 23-07-20 | 23-07-20 | 23-11-10 | 24-03-07 | 24-05-09 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,826 | 2,762 | 2,367 | 2,044 | 2,749 | 2,631 | 2,633 | 2,636 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.812 x | 5.874 x | 5.137 x | 4.194 x | 5.348 x | 5.233 x | 5.182 x | 5.205 x |
| Free Cash Flow 1 | 156 | 203 | 453 | 412 | -615 | 281 | 177 | 206 |
| ROE (net income / shareholders' equity) | 8.17% | 7.66% | 6.9% | 7.64% | 9.85% | 7.14% | 6.97% | 6.28% |
| ROA (Net income/ Total Assets) | 2.27% | 2.07% | 1.79% | 1.86% | 2.44% | 1.7% | 1.81% | 1.7% |
| Assets 1 | 5,248 | 5,277 | 5,421 | 6,022 | 6,117 | 6,445 | 5,925 | 6,176 |
| Book Value Per Share 2 | 2.170 | 2.100 | 2.130 | 2.290 | - | 2.300 | 2.310 | 2.300 |
| Cash Flow per Share 2 | 0.5200 | 0.5700 | 1.080 | 0.9200 | - | 0.5500 | 0.5700 | 0.5900 |
| Capex 1 | 189 | 171 | 247 | 202 | 302 | 309 | 259 | 204 |
| Capex / Sales | 23.97% | 22.5% | 29.47% | 24.48% | 30.42% | 32.9% | 27.06% | 22.17% |
| Announcement Date | 20-03-25 | 21-03-23 | 22-03-24 | 23-03-07 | 24-03-07 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
2.295
EUR
Average target price
2.708
EUR
Spread / Average Target
+17.97%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +31.81% | 164B | |
| +14.29% | 87.63B | |
| +1.94% | 82.56B | |
| +6.73% | 79.93B | |
| -1.10% | 73.31B | |
| +86.00% | 68.48B | |
| -.--% | 48.21B | |
| +11.07% | 47.57B | |
| +14.72% | 45.2B |
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- Financials REN - Redes Energéticas Nacionais, SGPS, S.A.
