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 14,851 - -
Change - -6.03% -4.04% -44.96% 21.21% 17.36% - -
Enterprise Value (EV) 1 24,772 19,768 24,774 18,718 20,754 22,771 22,237 21,603
Change - -20.2% 25.32% -24.44% 10.88% 9.72% -2.34% -2.85%
P/E 31.8x 32.7x 59.8x -18.6x 57.3x 32.5x 29.3x 26x
PBR 2.37x 2.23x 1.71x 0.97x 1.23x 1.32x 1.27x 1.22x
PEG - -3.82x -1.2x 0x -0x 0x 2.7x 2x
Capitalization / Revenue 12x 8.34x 8.47x 4.5x 4.71x 5.4x 5.31x 5.15x
EV / Revenue 14.1x 8.34x 11.1x 8.07x 7.72x 8.28x 7.95x 7.49x
EV / EBITDA 14.1x 9.16x 13.4x 11.1x 10.5x 10.7x 10.4x 9.68x
EV / EBIT 21.5x 14x 28.3x -2,043x 21.7x 19.3x 18.5x 17x
EV / FCF -14.5x - -6.68x -4.68x -19.5x 47.2x 22.3x 31.5x
FCF Yield -6.9% - -15% -21.4% -5.14% 2.12% 4.49% 3.17%
Dividend per Share 2 0.0886 - 0.2658 0.2 0.08 0.1717 0.1854 0.211
Rate of return 0.4% - 1.43% 1.99% 0.66% 1.22% 1.31% 1.49%
EPS 2 0.6891 0.63 0.31 -0.54 0.21 0.4352 0.4816 0.5443
Distribution rate 12.9% - 85.7% -37% 38.1% 39.5% 38.5% 38.8%
Net sales 1 1,758 2,371 2,239 2,320 2,688 2,751 2,797 2,885
EBITDA 1 1,760 2,157 1,845 1,684 1,974 2,128 2,143 2,231
EBIT 1 1,151 1,412 875 -9.16 958 1,178 1,202 1,273
Net income 1 655 616.2 309 -556.2 216 457.3 504.7 580
Net Debt 1 3,736 - 5,805 8,278 8,100 7,920 7,386 6,752
Reference price 2 21.90 20.58 18.52 10.04 12.04 14.13 14.13 14.13
Nbr of stocks (in thousands) 9,60,558 9,60,558 10,23,978 10,39,856 10,51,033 10,51,033 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.47x8.28x10.7x1.22% 1.69TCr
21.3x9.84x13.81x2.34% 2.8TCr
72.44x18.8x22.44x-.--% 2.35TCr
10.41x5.66x9.26x4.14% 838.86Cr
-35.39x7.35x8.88x5.6% 406.76Cr
18.63x4.83x8.34x3.26% 409.91Cr
Average 19.98x 9.13x 12.24x 2.76% 1.41TCr
Weighted average by Cap. 33.74x 11.23x 14.62x 1.85%

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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