Company Valuation: EDP Renewables, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 21,036 19,768 18,969 10,440 12,654 13,797 - -
Change - -6.03% -4.04% -44.96% 21.21% 9.03% - -
Enterprise Value (EV) 1 24,772 19,768 24,774 18,718 20,754 21,554 21,152 20,473
Change - -20.2% 25.32% -24.44% 10.88% 3.85% -1.87% -3.21%
P/E 31.8x 32.7x 59.8x -18.6x 57.3x 27.5x 26.1x 23.3x
PBR 2.37x 2.23x 1.71x 0.97x 1.23x 1.22x 1.16x 1.1x
PEG - -3.82x -1.2x 0x -0x 0x 5.03x 1.9x
Capitalization / Revenue 12x 8.34x 8.47x 4.5x 4.71x 4.98x 4.9x 4.75x
EV / Revenue 14.1x 8.34x 11.1x 8.07x 7.72x 7.78x 7.51x 7.04x
EV / EBITDA 14.1x 9.16x 13.4x 11.1x 10.5x 9.92x 9.71x 9.09x
EV / EBIT 21.5x 14x 28.3x -2,043x 21.7x 17.7x 17.2x 15.8x
EV / FCF -14.5x - -6.68x -4.68x -19.5x 46.9x 21.3x 30.1x
FCF Yield -6.9% - -15% -21.4% -5.14% 2.13% 4.7% 3.32%
Dividend per Share 2 0.0886 - 0.2658 0.2 0.08 0.1791 0.1949 0.2218
Rate of return 0.4% - 1.43% 1.99% 0.66% 1.38% 1.5% 1.7%
EPS 2 0.6891 0.63 0.31 -0.54 0.21 0.4741 0.4987 0.5597
Distribution rate 12.9% - 85.7% -37% 38.1% 37.8% 39.1% 39.6%
Net sales 1 1,758 2,371 2,239 2,320 2,688 2,772 2,815 2,906
EBITDA 1 1,760 2,157 1,845 1,684 1,974 2,172 2,177 2,253
EBIT 1 1,151 1,412 875 -9.16 958 1,215 1,232 1,294
Net income 1 655 616.2 309 -556.2 216 487.6 518.2 587.9
Net Debt 1 3,736 - 5,805 8,278 8,100 7,756 7,354 6,676
Reference price 2 21.90 20.58 18.52 10.04 12.04 13.02 13.02 13.02
Nbr of stocks (in thousands) 9,60,558 9,60,558 10,23,978 10,39,856 10,51,033 10,59,699 - -
Announcement Date 16/02/22 01/03/23 28/02/24 26/02/25 25/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.77x9.88x14.11x2.24% 2.73TCr
73.7x18.45x21.93x-.--% 2.21TCr
27.46x7.78x9.92x1.38% 1.6TCr
13.06x5.68x9.34x2.86% 853.53Cr
26.47x4.77x8.25x3.46% 392.08Cr
Average 32.29x 9.31x 12.71x 1.99% 1.56TCr
Weighted average by Cap. 36.61x 11.16x 14.65x 1.56%

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

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