Ren Redes Energeticas Nacionais SGPS SA

Chart & Performance

D1W1MN

P/E

9.96

P/S

1.62

EPS

0.22

Div Yield, %

6.88%

Shrs. gr., 5y

—

Rev. gr., 5y

6.54%

Revenues

948m

+24.18%

Net income

149m

+33.52%

CFO

-370m

Dividend

May 29, 20240.09 EUR/sh

Earnings

Mar 05, 2025

Profile

REN - Redes Energéticas Nacionais, SGPS, S.A., through its subsidiaries, engages in the transmission of electricity and natural gas in Portugal. It operates in two segments, Electricity and Gas; and Telecommunications. The company operates as a national electricity transmission network; purchases, sells, imports, and exports electricity and natural gas; manages a concession to operate a pilot area for the production of electric energy from ocean waves; and operates a telecommunications network. It also operates liquefied natural gas terminal maintenance and regasification facilities; manages projects and ventures in the natural gas sector; provides underground storage development, maintenance, and operation services; offers natural gas transport and management services; and distributes natural gas, as well as provides communication and sustainability, marketing, business management, business development and consulting, and IT project services. In addition, the company invests in assets, shares, companies, and associations; transmits and transforms electricity in Chile, as well as participates, finances, collaborates, and conducts management of companies; and manages back offices. As of December 31, 2021, it operated national electricity transmission system with 8,907 kilometers in lines, 70 transformer substations, and 17 switching and transition stations; and national natural gas transmission network with 1,375 kilometers of high-pressure gas pipelines, 66 junction stations for pipeline branching, 45 block valve stations, 5 T-branch interconnection stations, 85 gas pressure regulating and metering stations, and 2 custody transfer stations. The company was founded in 1994 and is headquartered in Lisbon, Portugal.

URL

https://www.ren.pt/

IPO date

Jul 09, 2007

Employees

716

Domiciled in

Incorporated in

Valuation

Order:

Title EUR in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title EUR in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	947,884 24.18%	763,322 -2.27%	781,089 10.74%
Cost of revenue	292,076	236,188	272,966
Unusual Expense (Income)
NOPBT	655,808	527,134	508,123
NOPBT Margin	69.19%	69.06%	65.05%
Operating Taxes	42,655	54,263	52,081
Tax Rate	6.50%	10.29%	10.25%
NOPAT	613,153	472,871	456,042
Net income	149,236 33.52%	111,771 15.05%	97,153 -11.07%
Dividends	(102,150)	(144,602)	(113,426)
Dividend yield	6.61%	8.65%	6.72%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	710,941	638,944	375,220
Long-term debt	2,027,703	1,699,212	2,395,064
Deferred revenue		2,021
Other long-term liabilities	617,954	597,255	633,699
Net debt	2,345,134	1,646,200	1,983,009
Cash flow
Cash from operating activities	(369,961)	361,047	700,037
CAPEX	(5,132)	(207,838)	(201,602)
Cash from investing activities	(164,431)	(102,006)	(159,667)
Cash from financing activities	211,553	(545,643)	(201,556)
FCF	368,199	464,605	776,225
Balance
Cash	40,145	1,365,292	398,759
Long term investments	353,365	(673,336)	388,516
Excess cash	346,116	653,790	748,221
Stockholders' equity	1,406,035	1,411,453	1,303,749
Invested Capital	4,517,598	3,254,127	3,799,553
ROIC	15.78%	13.41%	11.29%
ROCE	13.19%	13.10%	10.91%
EV
Common stock shares outstanding	663,310	663,310	663,310
Price	2.33 -7.54%	2.52 -0.98%	2.55 7.61%
Market cap	1,545,512 -7.54%	1,671,541 -0.98%	1,688,124 7.61%
EV	3,890,646	3,317,741	3,671,133
EBITDA	909,010	776,410	750,063
EV/EBITDA	4.28	4.27	4.89
Interest	78,296	49,217	45,830
Interest/NOPBT	11.94%	9.34%	9.02%