Company Valuation: Repsol S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,517 20,454 17,174 13,764 17,638 25,671 - -
Change - 31.82% -16.04% -19.86% 28.15% 45.55% - -
Enterprise Value (EV) 1 21,279 22,710 19,270 18,772 23,515 29,734 29,152 28,536
Change - 6.72% -15.15% -2.58% 25.27% 26.45% -1.96% -2.11%
P/E 6.36x 5.02x 5.47x 8.17x 9.83x 6.22x 7.22x 7.12x
PBR 0.71x 0.78x 0.62x 0.51x 0.72x 0.89x 0.81x 0.75x
PEG - 0.1x -0.3x -0.2x 0.7x 0x -0.5x 4.82x
Capitalization / Revenue 0.31x 0.27x 0.29x 0.24x 0.31x 0.35x 0.4x 0.41x
EV / Revenue 0.43x 0.3x 0.33x 0.33x 0.41x 0.4x 0.46x 0.46x
EV / EBITDA 3.01x 1.66x 1.95x 2.33x 3.06x 3.32x 3.8x 3.83x
EV / EBIT 4.87x 2.13x 2.66x 3.64x 5x 4.67x 5.7x 5.91x
EV / FCF 7.67x 4.36x 13.5x -35.9x 10.7x 8.48x 9.74x 10.1x
FCF Yield 13% 22.9% 7.42% -2.79% 9.32% 11.8% 10.3% 9.89%
Dividend per Share 2 0.63 0.7 0.9 0.975 0.975 1.097 1.163 1.238
Rate of return 6.04% 4.71% 6.69% 8.34% 6.12% 4.72% 5.01% 5.33%
EPS 2 1.64 2.96 2.46 1.43 1.62 3.735 3.215 3.263
Distribution rate 38.4% 23.6% 36.6% 68.2% 60.2% 29.4% 36.2% 37.9%
Net sales 1 49,480 74,828 58,538 56,713 57,218 73,528 63,577 62,314
EBITDA 1 7,071 13,710 9,864 8,060 7,678 8,962 7,679 7,444
EBIT 1 4,372 10,648 7,250 5,155 4,704 6,368 5,114 4,825
Net income 1 2,499 4,251 3,168 1,756 1,899 4,071 3,265 3,169
Net Debt 1 5,762 2,256 2,096 5,008 5,877 4,063 3,481 2,865
Reference price 2 10.44 14.85 13.45 11.69 15.92 23.23 23.23 23.23
Nbr of stocks (in thousands) 14,86,902 13,77,396 12,76,860 11,77,396 11,07,562 11,05,099 - -
Announcement Date 17/02/22 16/02/23 22/02/24 20/02/25 19/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.22x0.41x3.33x4.72% 2.93TCr
11.8x1.49x6.5x3.02% 57TCr
20.05x1.65x9.48x0.5% 18TCr
7.38x0.53x2.61x5.3% 9.97TCr
9.01x0.66x5.96x1.72% 8.35TCr
7.84x0.73x5.93x1.43% 8.27TCr
9.42x0.61x6.99x2.66% 7.61TCr
8.96x1.69x4.44x2.93% 6.92TCr
12.44x1.43x7.66x2.02% 5.81TCr
7.23x0.66x3.83x5.09% 3.21TCr
Average 10.03x 0.99x 5.67x 2.94% 12.82TCr
Weighted average by Cap. 11.68x 1.24x 6.38x 2.67%

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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  4. Valuation Repsol S.A.