REN - Redes Energéticas Nacionais SGPS

Improved Outlook And Regulatory Risks Will Shape Future Profitability

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

28 Jan 25

Updated

11 Dec 25

Views

84

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

40.8%

7D

-2.5%

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1Y

40.8%

7D

-2.5%

You can edit this narrative until Dec 12 5:05 AM. Then, changes will post as Updates.

Author's Valuation

€3.344.9% undervalued

AnalystConsensusTarget Fair Value

Shared on 11 Dec 25

Fair value Increased 0.50%

RENE: Future Regulated Cash Flows And Outperform Upgrade Will Support Shareholder Returns

Analysts have nudged their price target on REN, Redes Energéticas Nacionais SGPS, slightly higher to approximately EUR 3.34 from about EUR 3.32, reflecting a modestly higher fair value despite tempered revenue growth and margin expectations, as recent research points to an improved outlook for the shares following an upgrade to Outperform. Analyst Commentary Recent rating and target price revisions indicate a more constructive stance on REN, with bullish analysts highlighting improved risk reward at current levels and greater confidence in the company’s ability to execute on its regulated asset base strategy.

Shared on 26 Nov 25

Fair value Increased 1.18%

RENE: Future Cash Flow Strength And Outperform Upgrade Will Support Shareholder Value

Analysts have raised their fair value estimate for REN, Redes Energéticas Nacionais SGPS, from €3.28 to €3.32 per share, citing improved revenue growth prospects and increased profit margins. Analyst Commentary Bullish Takeaways Bullish analysts highlight improved revenue forecasts for REN, driven by stronger than expected performance in key operational segments.

Shared on 11 Nov 25

Fair value Increased 1.90%

RENE: Upgraded Outlook And Modest Risk Warrant Monitoring Amid Market Shifts

Analysts have revised the fair value estimate for REN, Redes Energéticas Nacionais SGPS, upward from €3.22 to €3.28, citing improved revenue growth forecasts and a recent upgrade in outlook by the market. Analyst Commentary Bullish Takeaways Bullish analysts note the upward revision in the fair value estimate, which suggests increased confidence in REN’s revenue growth trajectory.

Shared on 28 Oct 25

Fair value Increased 3.94%

Analysts have raised their price target for REN, Redes Energéticas Nacionais SGPS, from €3.10 to €3.22, citing improved profitability and an upgraded outlook for the company. Analyst Commentary Following the recent price target increase, analysts have provided insights into the factors driving their views on REN, Redes Energéticas Nacionais SGPS.

Shared on 01 May 25

Fair value Increased 4.03%

Shared on 23 Apr 25

Fair value Decreased 0.48%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 0.19%

Shared on 09 Apr 25

Fair value Increased 1.35%

AnalystConsensusTarget has increased revenue growth from 1.9% to 3.0%.

Shared on 02 Apr 25

Fair value Increased 3.50%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Decreased 4.49%

AnalystConsensusTarget has increased revenue growth from 1.7% to 1.9%.

AnalystConsensusTarget Fair Value

€3.34

4.9% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

1.06%

Other Utilities revenue growth rate

0.14%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.03%

Calculation

€150.24m

Earnings '28

x

18.07x

PE Ratio '28

=

€2.71b

Market Cap '28

€2.71b

Market Cap '28

/

663.31m

No. shares '28

=

€4.09

Share Price '28

€4.09 Share Price '28

Discounted to 2025 @ 7.03% p.a.

=

€3.34

Fair Value '25