Stock RENE REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A.
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Financials REN - Redes Energéticas Nacionais, SGPS, S.A.

Equities

RENE

PTREL0AM0008

Electric Utilities

Market Closed - Euronext Lisbonne
Other stock markets
 11:35:26 2024-04-26 am EDT 		5-day change 1st Jan Change
2.235 EUR +0.45% Intraday chart for REN - Redes Energéticas Nacionais, SGPS, S.A. +0.68% -3.87%
Mar. 07 Transcript : REN - Redes Energéticas Nacionais, SGPS, S.A., 2023 Earnings Call, Mar 07, 2024
Mar. 07 REN - Redes Energéticas Nacionais, SGPS, S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,804 1,569 1,688 1,672 1,542 1,482 - -
Enterprise Value (EV) 1 4,630 4,331 4,055 3,715 1,542 4,066 4,057 4,083
P/E ratio 15.1 x 14.8 x 17 x 14.8 x 10.6 x 13.6 x 14.6 x 16.6 x
Yield 6.29% 7.23% 6.05% 6.11% - 6.77% 6.76% 6.75%
Capitalization / Revenue 2.29 x 2.07 x 2.01 x 2.03 x 1.56 x 1.63 x 1.61 x 1.74 x
EV / Revenue 5.89 x 5.71 x 4.84 x 4.51 x 1.56 x 4.46 x 4.41 x 4.8 x
EV / EBITDA 9.52 x 9.21 x 8.8 x 7.62 x 3 x 8.04 x 8.03 x 8.22 x
EV / FCF 29.8 x 21.3 x 8.95 x 9.02 x - 67.9 x 40.4 x 24.4 x
FCF Yield 3.36% 4.69% 11.2% 11.1% - 1.47% 2.47% 4.1%
Price to Book 1.25 x 1.13 x 1.2 x 1.1 x - 0.97 x 0.97 x 1.02 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 2.235 2.235 2.235
Announcement Date 3/25/20 3/23/21 3/24/22 3/7/23 3/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 786.8 758.3 838.4 823 991.2 912 920.6 851.2
EBITDA 1 486.2 470.2 460.8 487.3 514 505.4 505.5 496.6
EBIT 1 250.6 228.9 218.9 238 260.8 246.2 242.2 227.8
Operating Margin 31.85% 30.18% 26.11% 28.92% 26.31% 26.99% 26.31% 26.75%
Earnings before Tax (EBT) 1 198.1 182.2 176.3 194.1 220.2 184.1 175.4 150.3
Net income 1 118.9 109.2 97.2 111.8 149.2 109.7 102.8 91.4
Net margin 15.11% 14.41% 11.59% 13.58% 15.06% 12.02% 11.17% 10.74%
EPS 2 0.1800 0.1600 0.1500 0.1700 0.2200 0.1648 0.1535 0.1344
Free Cash Flow 1 155.6 203 452.9 411.9 - 59.88 100.4 167.3
FCF margin 19.77% 26.76% 54.03% 50.05% - 6.56% 10.91% 19.66%
FCF Conversion (EBITDA) 32% 43.16% 98.29% 84.53% - 11.85% 19.86% 33.7%
FCF Conversion (Net income) 130.84% 185.78% 465.98% 368.42% - 54.6% 97.64% 183.08%
Dividend per Share 2 0.1710 0.1710 0.1540 0.1540 - 0.1513 0.1510 0.1508
Announcement Date 3/25/20 3/23/21 3/24/22 3/7/23 3/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4
Net sales - - - - - - - 215.9 243.1 - - -
EBITDA 1 227.9 115.5 117.4 118.4 120 238.4 122.5 131.9 133 264.9 130.6 118.5
EBIT 1 - 55.21 - 56.49 58.12 114.6 61.67 69.22 72.19 141.4 65.29 54.1
Operating Margin - - - - - - - 32.06% 29.69% - - -
Earnings before Tax (EBT) 1 - 42.12 - 46.84 52.24 89.59 49.46 56.12 66.29 122.4 48.81 49.03
Net income 1 - 28.81 28.85 5.957 39.9 45.85 35.57 12.78 50.22 63 33.21 52.99
Net margin - - - - - - - 5.92% 20.65% - - -
EPS - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 7/29/21 11/11/21 3/24/22 5/20/22 7/28/22 7/28/22 11/10/22 4/27/23 7/20/23 7/20/23 11/10/23 3/7/24
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 - 2,583 2,575 2,600
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.812 x 5.874 x 5.137 x 4.194 x - 5.111 x 5.093 x 5.236 x
Free Cash Flow 1 156 203 453 412 - 59.9 100 167
ROE (net income / shareholders' equity) 8.17% 7.66% 6.9% 7.64% - 6.91% 6.56% 5.37%
ROA (Net income/ Total Assets) 2.27% 2.07% 1.79% 1.86% - 4.35% 3.96% -
Assets 1 5,248 5,277 5,421 6,022 - 2,524 2,597 -
Book Value Per Share 2 2.170 2.100 2.130 2.290 - 2.310 2.310 2.200
Cash Flow per Share 2 0.5200 0.5700 1.080 0.9200 - 0.5400 0.5400 0.5500
Capex 1 189 171 247 202 - 244 234 199
Capex / Sales 23.97% 22.5% 29.47% 24.48% - 26.78% 25.39% 23.38%
Announcement Date 3/25/20 3/23/21 3/24/22 3/7/23 3/7/24 - - -
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

Ratings for REN - Redes Energéticas Nacionais, SGPS, S.A.

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
2.235 EUR
Average target price
2.647 EUR
Spread / Average Target
+18.44%
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Electric Utilities

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