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 14,946 - -
Change - -6.03% -4.04% -44.96% 21.21% 18.11% - -
Enterprise Value (EV) 1 24,772 19,768 24,774 18,718 20,754 22,865 22,332 21,698
Change - -20.2% 25.32% -24.44% 10.88% 10.17% -2.33% -2.84%
P/E 31.8x 32.7x 59.8x -18.6x 57.3x 32.7x 29.5x 26.1x
PBR 2.37x 2.23x 1.71x 0.97x 1.23x 1.33x 1.28x 1.23x
PEG - -3.82x -1.2x 0x -0x 0x 2.8x 2x
Capitalization / Revenue 12x 8.34x 8.47x 4.5x 4.71x 5.43x 5.34x 5.18x
EV / Revenue 14.1x 8.34x 11.1x 8.07x 7.72x 8.31x 7.98x 7.52x
EV / EBITDA 14.1x 9.16x 13.4x 11.1x 10.5x 10.7x 10.4x 9.73x
EV / EBIT 21.5x 14x 28.3x -2,043x 21.7x 19.4x 18.6x 17x
EV / FCF -14.5x - -6.68x -4.68x -19.5x 47.4x 22.4x 31.7x
FCF Yield -6.9% - -15% -21.4% -5.14% 2.11% 4.47% 3.16%
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% 1.21% 1.3% 1.48%
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 14.22 14.22 14.22
Nbr of stocks (in thousands) 960,558 960,558 1,023,978 1,039,856 1,051,033 1,051,033 - -
Announcement Date 16/2/22 1/3/23 28/2/24 26/2/25 25/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.67x8.31x10.74x1.21% 17.02B
21.03x9.76x13.68x2.37% 27.63B
76.91x18.93x22.59x-.--% 23.86B
10.15x5.57x9.11x4.25% 8.22B
18.62x4.83x8.35x3.26% 4.1B
-33.83x7.25x8.75x5.86% 3.89B
Average 20.93x 9.11x 12.21x 2.82% 14.12B
Weighted average by Cap. 35.42x 11.29x 14.68x 1.86%

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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