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 14,317 - -
Change - -6.03% -4.04% -44.96% 21.21% 13.13% - -
Enterprise Value (EV) 1 24,772 19,768 24,774 18,718 20,754 22,047 21,649 21,010
Change - -20.2% 25.32% -24.44% 10.88% 6.23% -1.8% -2.95%
P/E 31.8x 32.7x 59.8x -18.6x 57.3x 28x 27.5x 24.3x
PBR 2.37x 2.23x 1.71x 0.97x 1.23x 1.29x 1.21x 1.17x
PEG - -3.82x -1.2x 0x -0x 0x 13.48x 1.9x
Capitalization / Revenue 12x 8.34x 8.47x 4.5x 4.71x 5.19x 5.12x 4.96x
EV / Revenue 14.1x 8.34x 11.1x 8.07x 7.72x 7.99x 7.74x 7.28x
EV / EBITDA 14.1x 9.16x 13.4x 11.1x 10.5x 10.3x 10.1x 9.38x
EV / EBIT 21.5x 14x 28.3x -2,043x 21.7x 18.5x 17.9x 16.4x
EV / FCF -14.5x - -6.68x -4.68x -19.5x 47.9x 21.8x 30.9x
FCF Yield -6.9% - -15% -21.4% -5.14% 2.09% 4.6% 3.23%
Dividend per Share 2 0.0886 - 0.2658 0.2 0.08 0.1769 0.1925 0.2205
Rate of return 0.4% - 1.43% 1.99% 0.66% 1.31% 1.43% 1.63%
EPS 2 0.6891 0.63 0.31 -0.54 0.21 0.4823 0.4922 0.5564
Distribution rate 12.9% - 85.7% -37% 38.1% 36.7% 39.1% 39.6%
Net sales 1 1,758 2,371 2,239 2,320 2,688 2,760 2,798 2,886
EBITDA 1 1,760 2,157 1,845 1,684 1,974 2,149 2,152 2,240
EBIT 1 1,151 1,412 875 -9.16 958 1,189 1,210 1,280
Net income 1 655 616.2 309 -556.2 216 480.4 511.3 584.7
Net Debt 1 3,736 - 5,805 8,278 8,100 7,730 7,333 6,694
Reference price 2 21.90 20.58 18.52 10.04 12.04 13.51 13.51 13.51
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.($)
20.38x9.55x13.65x2.44% 2.7TCr
72.4x18.84x22.42x-.--% 2.36TCr
28.01x7.99x10.26x1.31% 1.65TCr
14.14x5.3x8.88x2.58% 798.92Cr
-67.18x7.64x9.31x5.29% 418.05Cr
Average 13.55x 9.86x 12.90x 2.32% 1.59TCr
Weighted average by Cap. 32.20x 11.46x 14.84x 1.64%

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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  5. Valuation EDP Renewables, S.A.