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 13,924 - -
Change - -6.03% -4.04% -44.96% 21.21% 10.04% - -
Enterprise Value (EV) 1 24,772 19,768 24,774 18,718 20,754 21,720 21,300 20,657
Change - -20.2% 25.32% -24.44% 10.88% 4.65% -1.93% -3.02%
P/E 31.8x 32.7x 59.8x -18.6x 57.3x 27.4x 26.1x 23.4x
PBR 2.37x 2.23x 1.71x 0.97x 1.23x 1.25x 1.17x 1.13x
PEG - -3.82x -1.2x 0x -0x 0x 5.55x 2x
Capitalization / Revenue 12x 8.34x 8.47x 4.5x 4.71x 5.03x 4.95x 4.81x
EV / Revenue 14.1x 8.34x 11.1x 8.07x 7.72x 7.85x 7.58x 7.14x
EV / EBITDA 14.1x 9.16x 13.4x 11.1x 10.5x 10x 9.8x 9.19x
EV / EBIT 21.5x 14x 28.3x -2,043x 21.7x 18.1x 17.4x 16x
EV / FCF -14.5x - -6.68x -4.68x -19.5x 47.2x 21.4x 30.4x
FCF Yield -6.9% - -15% -21.4% -5.14% 2.12% 4.67% 3.29%
Dividend per Share 2 0.0886 - 0.2658 0.2 0.08 0.1781 0.194 0.2224
Rate of return 0.4% - 1.43% 1.99% 0.66% 1.36% 1.48% 1.69%
EPS 2 0.6891 0.63 0.31 -0.54 0.21 0.48 0.5026 0.5611
Distribution rate 12.9% - 85.7% -37% 38.1% 37.1% 38.6% 39.6%
Net sales 1 1,758 2,371 2,239 2,320 2,688 2,766 2,810 2,894
EBITDA 1 1,760 2,157 1,845 1,684 1,974 2,161 2,173 2,248
EBIT 1 1,151 1,412 875 -9.16 958 1,203 1,227 1,289
Net income 1 655 616.2 309 -556.2 216 488.9 523.4 589.9
Net Debt 1 3,736 - 5,805 8,278 8,100 7,795 7,376 6,732
Reference price 2 21.90 20.58 18.52 10.04 12.04 13.14 13.14 13.14
Nbr of stocks (in thousands) 960,558 960,558 1,023,978 1,039,856 1,051,033 1,059,699 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.62x9.84x14.04x2.25% 27.09B
74.85x18.63x22.14x-.--% 22.7B
27.37x7.85x10.05x1.36% 16.18B
12.91x5.59x9.37x2.95% 8.33B
Average 33.94x 10.48x 13.90x 1.64% 18.58B
Weighted average by Cap. 37.80x 11.62x 15.12x 1.45%

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.