Redeia Corporación（RED）株式概要Redeia Corporación, S.A.は、スペイン国内および国際的な電力システムの送電、システム運用、送電網の管理に従事している。 詳細RED ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長1/6過去の実績1/6財務の健全性3/6配当金3/6報酬収益は年間4.26%増加すると予測されています リスク分析負債は営業キャッシュフローで十分にカバーされていない 5.39%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見るRED Community Fair Values Create NarrativeSee what 10 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN20.7% undervaluedAnalystConsensusTarget•1y agoEU Energy Transition And Grid Modernization Will Secure Reliable Infrastructure63118Top Analyst NarrativesRedeia CorporaciónANAnalystConsensusTargetBased on Analyst Price TargetsEU Energy Transition And Grid Modernization Will Secure Reliable InfrastructureKey Takeaways Supportive EU policies and digitalization efforts enable Redeia to drive grid modernization, boosting recurring regulated revenues and ensuring operational efficiency gains. Strengthened regulatory framework and secured long-term investments offer revenue growth visibility and stable earnings, with resilient infrastructure reducing downside risks.View narrative€18.69FV20.7% 割安 内在価値ディスカウント6.20%Revenue growth p.a.Set Fair ValueView63users have viewed this narrative2users have liked this narrative1users have commented on this narrative18users have followed this narrativeabout 1 year ago author updated this narrativeView all narrativesRedeia Corporación, S.A. 競合他社AccionaSymbol: BME:ANAMarket cap: €13.6bEndesaSymbol: BME:ELEMarket cap: €38.1bIberdrolaSymbol: BME:IBEMarket cap: €130.8bCorporación Acciona Energías RenovablesSymbol: BME:ANEMarket cap: €7.7b価格と性能株価の高値、安値、推移の概要Redeia Corporación過去の株価現在の株価€14.8352週高値€18.7552週安値€14.15ベータ0.471ヶ月の変化-1.53%3ヶ月変化-6.79%1年変化-20.53%3年間の変化-6.91%5年間の変化-9.68%IPOからの変化679.50%最新ニュースNew Risk • May 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Apr 30First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.26. Revenue: €461.4m (up 10% from 1Q 2025). Net income: €140.3m (up 1.8% from 1Q 2025). Profit margin: 30% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Apr 11Redeia Corporación, S.A., Annual General Meeting, May 12, 2026Redeia Corporación, S.A., Annual General Meeting, May 12, 2026.Declared Dividend • Mar 02Final dividend of €0.49 announcedShareholders will receive a dividend of €0.49. Ex-date: 29th June 2026 Payment date: 1st July 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 02Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: €0.90 (down from €0.94 in FY 2024). Revenue: €1.73b (up 4.4% from FY 2024). Net income: €505.6m (flat on FY 2024). Profit margin: 29% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Feb 12+ 3 more updatesRedeia Corporación, S.A. to Report Nine Months, 2026 Results on Oct 28, 2026Redeia Corporación, S.A. announced that they will report nine months, 2026 results on Oct 28, 2026最新情報をもっと見るRecent updatesNew Risk • May 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Apr 30First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.26. Revenue: €461.4m (up 10% from 1Q 2025). Net income: €140.3m (up 1.8% from 1Q 2025). Profit margin: 30% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Apr 11Redeia Corporación, S.A., Annual General Meeting, May 12, 2026Redeia Corporación, S.A., Annual General Meeting, May 12, 2026.Declared Dividend • Mar 02Final dividend of €0.49 announcedShareholders will receive a dividend of €0.49. Ex-date: 29th June 2026 Payment date: 1st July 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 02Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: €0.90 (down from €0.94 in FY 2024). Revenue: €1.73b (up 4.4% from FY 2024). Net income: €505.6m (flat on FY 2024). Profit margin: 29% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Feb 12+ 3 more updatesRedeia Corporación, S.A. to Report Nine Months, 2026 Results on Oct 28, 2026Redeia Corporación, S.A. announced that they will report nine months, 2026 results on Oct 28, 2026分析記事 • Jan 14Redeia Corporación (BME:RED) Has A Somewhat Strained Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Upcoming Dividend • Dec 29Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 05 January 2026. Payment date: 07 January 2026. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Spanish dividend payers (5.3%). Higher than average of industry peers (4.1%).New Risk • Oct 31New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Oct 30Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.22. Revenue: €424.0m (down 9.7% from 3Q 2024). Net income: €120.3m (down 14% from 3Q 2024). Profit margin: 28% (down from 30% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe.分析記事 • Oct 06Redeia Corporación (BME:RED) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...分析記事 • Aug 22Investors Interested In Redeia Corporación, S.A.'s (BME:RED) EarningsThere wouldn't be many who think Redeia Corporación, S.A.'s ( BME:RED ) price-to-earnings (or "P/E") ratio of 17.6x is...New Risk • Aug 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.New Risk • Aug 01New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 79% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (79% net debt to equity). Paying a dividend despite having no free cash flows.Reported Earnings • Jul 31Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €456.2m (down 2.9% from 2Q 2024). Net income: €131.7m (down 3.9% from 2Q 2024). Profit margin: 29% (in line with 2Q 2024). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe.分析記事 • Jul 16A Look At The Fair Value Of Redeia Corporación, S.A. (BME:RED)Key Insights The projected fair value for Redeia Corporación is €16.74 based on Dividend Discount Model Current share...Upcoming Dividend • Jun 27Upcoming dividend of €0.49 per shareEligible shareholders must have bought the stock before 04 July 2025. Payment date: 08 July 2025. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Spanish dividend payers (4.8%). In line with average of industry peers (4.5%).Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. External Independent Director Guadalupe de la Munoz was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 28Redeia Corporación, S.A., Annual General Meeting, Jun 30, 2025Redeia Corporación, S.A., Annual General Meeting, Jun 30, 2025.分析記事 • May 24Is Redeia Corporación (BME:RED) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • May 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 02First quarter 2025 earnings releasedFirst quarter 2025 results: EPS: €0.26. Revenue: €418.9m (down 11% from 1Q 2024). Net income: €137.8m (up 4.2% from 1Q 2024). Profit margin: 33% (up from 28% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.New Risk • Apr 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.新しいナラティブ • Mar 02Interconnection With France And Salto De Chira Investments Will Strengthen Future Operations Strategic CapEx increase focuses on key projects, boosting future revenue streams and operational efficiency by streamlining core transmission business. Declared Dividend • Feb 28Final dividend of €0.49 announcedShareholders will receive a dividend of €0.49. Ex-date: 27th June 2025 Payment date: 1st July 2025 Dividend yield will be 3.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 27Full year 2024 earnings: Revenues miss analyst expectationsFull year 2024 results: Revenue: €1.71b (down 19% from FY 2023). Net income: €506.6m (down 27% from FY 2023). Profit margin: 30% (down from 33% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 14%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Electric Utilities industry in Europe.Major Estimate Revision • Feb 06Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €1.89b to €1.85b. EPS estimate also fell from €0.93 per share to €0.834 per share. Net income forecast to shrink 12% next year vs 9.2% growth forecast for Electric Utilities industry in Spain . Consensus price target broadly unchanged at €18.33. Share price was steady at €16.34 over the past week.お知らせ • Jan 23Redeia Corporación, S.A. to Report Nine Months, 2025 Results on Oct 29, 2025Redeia Corporación, S.A. announced that they will report nine months, 2025 results on Oct 29, 2025お知らせ • Jan 15Redeia Corporación, S.A. to Report Fiscal Year 2024 Results on Feb 26, 2025Redeia Corporación, S.A. announced that they will report fiscal year 2024 results on Feb 26, 2025Upcoming Dividend • Dec 27Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 03 January 2025. Payment date: 07 January 2025. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 5.6%. Within top quartile of Spanish dividend payers (5.6%). Higher than average of industry peers (5.0%).New Risk • Nov 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share).Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: €0.26. Revenue: €469.5m (down 12% from 3Q 2023). Net income: €139.5m (down 23% from 3Q 2023). Profit margin: 30% (down from 34% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe.New Risk • Aug 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Aug 02Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €507.5m (up 3.6% from 2Q 2023). Net income: €137.0m (down 21% from 2Q 2023). Profit margin: 27% (down from 36% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe.Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. Proprietary Director Esther Maria Martinez was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Jun 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.お知らせ • May 03Redeia Corporación, S.A., Annual General Meeting, Jun 03, 2024Redeia Corporación, S.A., Annual General Meeting, Jun 03, 2024, at 11:00 Central European Standard Time. Location: office located at Paseo del Conde de los Gaitanes 177, Alcobendas, Madrid Madrid Spain Agenda: To consider and approve, if applicable, the financial statements; to consider Examine and approve, if applicable, the Consolidated Financial Statements and the Consolidated Directors Report of the Group Consolidated of company and subsidiaries for 2023; to consider Examine and approve, if applicable, the proposed allocation of profits for the year ended 31 december 2023 and distribution of dividends; and to consider other business matters.Reported Earnings • May 01First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.24. Revenue: €488.4m (down 14% from 1Q 2023). Net income: €132.3m (down 27% from 1Q 2023). Profit margin: 27% (down from 32% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Spain are expected to remain flat.Declared Dividend • Mar 01Final dividend of €0.59 announcedShareholders will receive a dividend of €0.59. Ex-date: 27th June 2024 Payment date: 1st July 2024 Dividend yield will be 5.5%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 29Full year 2023 earnings releasedFull year 2023 results: Revenue: €2.19b (up 5.3% from FY 2022). Net income: €689.6m (up 3.7% from FY 2022). Profit margin: 32% (in line with FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Electric Utilities industry in Spain.Buy Or Sell Opportunity • Feb 29Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.6% to €14.52. The fair value is estimated to be €18.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are forecast to decline by 2.8% per annum over the same time period.Buy Or Sell Opportunity • Feb 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.8% to €14.50. The fair value is estimated to be €18.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are forecast to decline by 2.8% per annum over the same time period.お知らせ • Dec 28+ 2 more updatesRedeia Corporación, S.A. to Report First Half, 2024 Results on Jul 31, 2024Redeia Corporación, S.A. announced that they will report first half, 2024 results on Jul 31, 2024お知らせ • Dec 27Redeia Corporación, S.A. to Report Fiscal Year 2023 Results on Feb 28, 2024Redeia Corporación, S.A. announced that they will report fiscal year 2023 results on Feb 28, 2024Upcoming Dividend • Dec 27Upcoming dividend of €0.22 per share at 6.7% yieldEligible shareholders must have bought the stock before 03 January 2024. Payment date: 05 January 2024. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.7%. Within top quartile of Spanish dividend payers (5.8%). Higher than average of industry peers (5.4%).Reported Earnings • Nov 02Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.34. Revenue: €624.8m (up 20% from 3Q 2022). Net income: €181.0m (down 4.0% from 3Q 2022). Profit margin: 29% (down from 36% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Spain.お知らせ • Sep 23Redeia Corporación, S.A. to Report Nine Months, 2023 Results on Oct 31, 2023Redeia Corporación, S.A. announced that they will report nine months, 2023 results on Oct 31, 2023New Risk • Jul 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 6.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (128% cash payout ratio).Reported Earnings • Jul 27Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €524.8m (up 1.1% from 2Q 2022). Net income: €173.9m (down 3.9% from 2Q 2022). Profit margin: 33% (down from 35% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Spain. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year.Upcoming Dividend • Jun 22Upcoming dividend of €0.59 per share at 6.2% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 03 July 2023. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of Spanish dividend payers (6.0%). Higher than average of industry peers (4.9%).Reported Earnings • Apr 28First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: €0.33. Revenue: €565.8m (up 9.8% from 1Q 2022). Net income: €180.4m (flat on 1Q 2022). Profit margin: 32% (down from 35% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Spain.Reported Earnings • Mar 02Full year 2022 earnings released: EPS: €1.23 (vs €1.26 in FY 2021)Full year 2022 results: EPS: €1.23 (down from €1.26 in FY 2021). Revenue: €2.08b (up 3.4% from FY 2021). Net income: €664.7m (down 2.3% from FY 2021). Profit margin: 32% (down from 34% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Spain are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.Upcoming Dividend • Dec 29Upcoming dividend of €0.22 per shareEligible shareholders must have bought the stock before 05 January 2023. Payment date: 09 January 2023. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 6.1%. Within top quartile of Spanish dividend payers (6.0%). Higher than average of industry peers (4.4%).Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Esther Rituerto Martinez was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jul 28Second quarter 2022 earnings: Revenues in line with analyst expectationsSecond quarter 2022 results: Revenue: €546.9m (up 8.3% from 2Q 2021). Net income: €180.9m (up 2.2% from 2Q 2021). Profit margin: 33% (down from 35% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 1.9% compared to a 4.9% growth forecast for the industry in Spain.Upcoming Dividend • Jun 22Upcoming dividend of €0.59 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 July 2022. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Spanish dividend payers (5.7%). Higher than average of industry peers (4.5%).Reported Earnings • Apr 28First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: €0.34. Revenue: €515.2m (up 4.0% from 1Q 2021). Net income: €182.1m (flat on 1Q 2021). Profit margin: 35% (down from 37% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 1.8% compared to a 5.7% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year.Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. External Independent Director Marcos Vaquer Caballeria was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €1.26 (up from €1.15 in FY 2020). Revenue: €2.01b (down 1.7% from FY 2020). Net income: €680.6m (up 9.6% from FY 2020). Profit margin: 34% (up from 30% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is expected to shrink by 1.2% compared to a 7.2% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.Upcoming Dividend • Dec 29Upcoming dividend of €0.22 per shareEligible shareholders must have bought the stock before 05 January 2022. Payment date: 07 January 2022. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Spanish dividend payers (5.4%). Higher than average of industry peers (3.9%).株主還元REDES Electric UtilitiesES 市場7D2.6%-0.1%2.1%1Y-20.5%19.6%22.7%株主還元を見る業界別リターン: RED過去 1 年間で19.6 % の収益を上げたSpanish Electric Utilities業界を下回りました。リターン対市場: REDは、過去 1 年間で22.7 % のリターンを上げたSpanish市場を下回りました。価格変動Is RED's price volatile compared to industry and market?RED volatilityRED Average Weekly Movement3.3%Electric Utilities Industry Average Movement4.0%Market Average Movement3.9%10% most volatile stocks in ES Market6.8%10% least volatile stocks in ES Market0.9%安定した株価: RED 、 Spanish市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: REDの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19852,095Roberto García Merinowww.ree.esRedeia Corporación, S.A.は、スペイン国内および国際的な電力システムの送電、システム運用および送電網の管理に従事している。同社は3つのセグメントで事業を展開している：国内電力インフラの管理・運営、国際電力インフラの管理・運営、電気通信。約45,592キロメートルの送電網を持ち、97,981MVAの変電能力を有する。また、アドバイザリー、エンジニアリング、建設サービス、電気通信、融資、再保険、送電線・変電所メンテナンス、技術コンサルタント、衛星電気通信サービスも提供している。さらに、エネルギー貯蔵施設や水循環の管理・建設、株式の取得・保有・管理・運用、衛星通信システムの運用、静止軌道スロットでの宇宙セグメントサービスの提供、衛星や空間容量の販売・リースも行っている。同社は以前はレッド・エレクティカ・コーポレーション（Red Eléctrica Corporación, S.A.）として知られていたが、2023年6月にレデイア・コーポレーション（Redeia Corporación, S.A.）に社名変更した。Redeia Corporación, S.A.は1985年に設立され、スペインのアルコベンダスに本拠を置く。もっと見るRedeia Corporación, S.A. 基礎のまとめRedeia Corporación の収益と売上を時価総額と比較するとどうか。RED 基礎統計学時価総額€8.02b収益（TTM）€490.80m売上高(TTM)€1.76b16.3xPER（株価収益率4.6xP/SレシオRED は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計RED 損益計算書（TTM）収益€1.76b売上原価€30.01m売上総利益€1.73bその他の費用€1.24b収益€490.80m直近の収益報告Mar 31, 2026次回決算日Jul 29, 2026一株当たり利益（EPS）0.91グロス・マージン98.29%純利益率27.91%有利子負債／自己資本比率117.5%RED の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.4%現在の配当利回り89%配当性向RED 配当は確実ですか？RED 配当履歴とベンチマークを見るRED 、いつまでに購入すれば配当金を受け取れますか？Redeia Corporación 配当日配当落ち日Jun 29 2026配当支払日Jul 01 2026配当落ちまでの日数39 days配当支払日までの日数41 daysRED 配当は確実ですか？RED 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 05:51終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Redeia Corporación, S.A. 17 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。31 アナリスト機関null nullBanco de Sabadell. S.A.Bosco Muguiro EulateBanco SantanderLaura MarconiBarclays28 その他のアナリストを表示
New Risk • May 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Apr 30First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.26. Revenue: €461.4m (up 10% from 1Q 2025). Net income: €140.3m (up 1.8% from 1Q 2025). Profit margin: 30% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 11Redeia Corporación, S.A., Annual General Meeting, May 12, 2026Redeia Corporación, S.A., Annual General Meeting, May 12, 2026.
Declared Dividend • Mar 02Final dividend of €0.49 announcedShareholders will receive a dividend of €0.49. Ex-date: 29th June 2026 Payment date: 1st July 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 02Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: €0.90 (down from €0.94 in FY 2024). Revenue: €1.73b (up 4.4% from FY 2024). Net income: €505.6m (flat on FY 2024). Profit margin: 29% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Feb 12+ 3 more updatesRedeia Corporación, S.A. to Report Nine Months, 2026 Results on Oct 28, 2026Redeia Corporación, S.A. announced that they will report nine months, 2026 results on Oct 28, 2026
New Risk • May 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Apr 30First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.26. Revenue: €461.4m (up 10% from 1Q 2025). Net income: €140.3m (up 1.8% from 1Q 2025). Profit margin: 30% (down from 33% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 11Redeia Corporación, S.A., Annual General Meeting, May 12, 2026Redeia Corporación, S.A., Annual General Meeting, May 12, 2026.
Declared Dividend • Mar 02Final dividend of €0.49 announcedShareholders will receive a dividend of €0.49. Ex-date: 29th June 2026 Payment date: 1st July 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 02Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: €0.90 (down from €0.94 in FY 2024). Revenue: €1.73b (up 4.4% from FY 2024). Net income: €505.6m (flat on FY 2024). Profit margin: 29% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Feb 12+ 3 more updatesRedeia Corporación, S.A. to Report Nine Months, 2026 Results on Oct 28, 2026Redeia Corporación, S.A. announced that they will report nine months, 2026 results on Oct 28, 2026
分析記事 • Jan 14Redeia Corporación (BME:RED) Has A Somewhat Strained Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Upcoming Dividend • Dec 29Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 05 January 2026. Payment date: 07 January 2026. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Spanish dividend payers (5.3%). Higher than average of industry peers (4.1%).
New Risk • Oct 31New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Oct 30Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.22. Revenue: €424.0m (down 9.7% from 3Q 2024). Net income: €120.3m (down 14% from 3Q 2024). Profit margin: 28% (down from 30% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe.
分析記事 • Oct 06Redeia Corporación (BME:RED) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • Aug 22Investors Interested In Redeia Corporación, S.A.'s (BME:RED) EarningsThere wouldn't be many who think Redeia Corporación, S.A.'s ( BME:RED ) price-to-earnings (or "P/E") ratio of 17.6x is...
New Risk • Aug 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
New Risk • Aug 01New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 79% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (79% net debt to equity). Paying a dividend despite having no free cash flows.
Reported Earnings • Jul 31Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €456.2m (down 2.9% from 2Q 2024). Net income: €131.7m (down 3.9% from 2Q 2024). Profit margin: 29% (in line with 2Q 2024). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe.
分析記事 • Jul 16A Look At The Fair Value Of Redeia Corporación, S.A. (BME:RED)Key Insights The projected fair value for Redeia Corporación is €16.74 based on Dividend Discount Model Current share...
Upcoming Dividend • Jun 27Upcoming dividend of €0.49 per shareEligible shareholders must have bought the stock before 04 July 2025. Payment date: 08 July 2025. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Spanish dividend payers (4.8%). In line with average of industry peers (4.5%).
Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. External Independent Director Guadalupe de la Munoz was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 28Redeia Corporación, S.A., Annual General Meeting, Jun 30, 2025Redeia Corporación, S.A., Annual General Meeting, Jun 30, 2025.
分析記事 • May 24Is Redeia Corporación (BME:RED) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • May 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 02First quarter 2025 earnings releasedFirst quarter 2025 results: EPS: €0.26. Revenue: €418.9m (down 11% from 1Q 2024). Net income: €137.8m (up 4.2% from 1Q 2024). Profit margin: 33% (up from 28% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
New Risk • Apr 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
新しいナラティブ • Mar 02Interconnection With France And Salto De Chira Investments Will Strengthen Future Operations Strategic CapEx increase focuses on key projects, boosting future revenue streams and operational efficiency by streamlining core transmission business.
Declared Dividend • Feb 28Final dividend of €0.49 announcedShareholders will receive a dividend of €0.49. Ex-date: 27th June 2025 Payment date: 1st July 2025 Dividend yield will be 3.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 27Full year 2024 earnings: Revenues miss analyst expectationsFull year 2024 results: Revenue: €1.71b (down 19% from FY 2023). Net income: €506.6m (down 27% from FY 2023). Profit margin: 30% (down from 33% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 14%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Electric Utilities industry in Europe.
Major Estimate Revision • Feb 06Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €1.89b to €1.85b. EPS estimate also fell from €0.93 per share to €0.834 per share. Net income forecast to shrink 12% next year vs 9.2% growth forecast for Electric Utilities industry in Spain . Consensus price target broadly unchanged at €18.33. Share price was steady at €16.34 over the past week.
お知らせ • Jan 23Redeia Corporación, S.A. to Report Nine Months, 2025 Results on Oct 29, 2025Redeia Corporación, S.A. announced that they will report nine months, 2025 results on Oct 29, 2025
お知らせ • Jan 15Redeia Corporación, S.A. to Report Fiscal Year 2024 Results on Feb 26, 2025Redeia Corporación, S.A. announced that they will report fiscal year 2024 results on Feb 26, 2025
Upcoming Dividend • Dec 27Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 03 January 2025. Payment date: 07 January 2025. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 5.6%. Within top quartile of Spanish dividend payers (5.6%). Higher than average of industry peers (5.0%).
New Risk • Nov 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share).
Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: €0.26. Revenue: €469.5m (down 12% from 3Q 2023). Net income: €139.5m (down 23% from 3Q 2023). Profit margin: 30% (down from 34% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe.
New Risk • Aug 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Aug 02Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €507.5m (up 3.6% from 2Q 2023). Net income: €137.0m (down 21% from 2Q 2023). Profit margin: 27% (down from 36% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe.
Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. Proprietary Director Esther Maria Martinez was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Jun 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • May 03Redeia Corporación, S.A., Annual General Meeting, Jun 03, 2024Redeia Corporación, S.A., Annual General Meeting, Jun 03, 2024, at 11:00 Central European Standard Time. Location: office located at Paseo del Conde de los Gaitanes 177, Alcobendas, Madrid Madrid Spain Agenda: To consider and approve, if applicable, the financial statements; to consider Examine and approve, if applicable, the Consolidated Financial Statements and the Consolidated Directors Report of the Group Consolidated of company and subsidiaries for 2023; to consider Examine and approve, if applicable, the proposed allocation of profits for the year ended 31 december 2023 and distribution of dividends; and to consider other business matters.
Reported Earnings • May 01First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.24. Revenue: €488.4m (down 14% from 1Q 2023). Net income: €132.3m (down 27% from 1Q 2023). Profit margin: 27% (down from 32% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Spain are expected to remain flat.
Declared Dividend • Mar 01Final dividend of €0.59 announcedShareholders will receive a dividend of €0.59. Ex-date: 27th June 2024 Payment date: 1st July 2024 Dividend yield will be 5.5%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 29Full year 2023 earnings releasedFull year 2023 results: Revenue: €2.19b (up 5.3% from FY 2022). Net income: €689.6m (up 3.7% from FY 2022). Profit margin: 32% (in line with FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Electric Utilities industry in Spain.
Buy Or Sell Opportunity • Feb 29Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.6% to €14.52. The fair value is estimated to be €18.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are forecast to decline by 2.8% per annum over the same time period.
Buy Or Sell Opportunity • Feb 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.8% to €14.50. The fair value is estimated to be €18.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are forecast to decline by 2.8% per annum over the same time period.
お知らせ • Dec 28+ 2 more updatesRedeia Corporación, S.A. to Report First Half, 2024 Results on Jul 31, 2024Redeia Corporación, S.A. announced that they will report first half, 2024 results on Jul 31, 2024
お知らせ • Dec 27Redeia Corporación, S.A. to Report Fiscal Year 2023 Results on Feb 28, 2024Redeia Corporación, S.A. announced that they will report fiscal year 2023 results on Feb 28, 2024
Upcoming Dividend • Dec 27Upcoming dividend of €0.22 per share at 6.7% yieldEligible shareholders must have bought the stock before 03 January 2024. Payment date: 05 January 2024. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.7%. Within top quartile of Spanish dividend payers (5.8%). Higher than average of industry peers (5.4%).
Reported Earnings • Nov 02Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: €0.34. Revenue: €624.8m (up 20% from 3Q 2022). Net income: €181.0m (down 4.0% from 3Q 2022). Profit margin: 29% (down from 36% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Spain.
お知らせ • Sep 23Redeia Corporación, S.A. to Report Nine Months, 2023 Results on Oct 31, 2023Redeia Corporación, S.A. announced that they will report nine months, 2023 results on Oct 31, 2023
New Risk • Jul 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 6.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (128% cash payout ratio).
Reported Earnings • Jul 27Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €524.8m (up 1.1% from 2Q 2022). Net income: €173.9m (down 3.9% from 2Q 2022). Profit margin: 33% (down from 35% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Spain. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year.
Upcoming Dividend • Jun 22Upcoming dividend of €0.59 per share at 6.2% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 03 July 2023. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of Spanish dividend payers (6.0%). Higher than average of industry peers (4.9%).
Reported Earnings • Apr 28First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: €0.33. Revenue: €565.8m (up 9.8% from 1Q 2022). Net income: €180.4m (flat on 1Q 2022). Profit margin: 32% (down from 35% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Spain.
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: €1.23 (vs €1.26 in FY 2021)Full year 2022 results: EPS: €1.23 (down from €1.26 in FY 2021). Revenue: €2.08b (up 3.4% from FY 2021). Net income: €664.7m (down 2.3% from FY 2021). Profit margin: 32% (down from 34% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Spain are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.
Upcoming Dividend • Dec 29Upcoming dividend of €0.22 per shareEligible shareholders must have bought the stock before 05 January 2023. Payment date: 09 January 2023. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 6.1%. Within top quartile of Spanish dividend payers (6.0%). Higher than average of industry peers (4.4%).
Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Esther Rituerto Martinez was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jul 28Second quarter 2022 earnings: Revenues in line with analyst expectationsSecond quarter 2022 results: Revenue: €546.9m (up 8.3% from 2Q 2021). Net income: €180.9m (up 2.2% from 2Q 2021). Profit margin: 33% (down from 35% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 1.9% compared to a 4.9% growth forecast for the industry in Spain.
Upcoming Dividend • Jun 22Upcoming dividend of €0.59 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 July 2022. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Spanish dividend payers (5.7%). Higher than average of industry peers (4.5%).
Reported Earnings • Apr 28First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: €0.34. Revenue: €515.2m (up 4.0% from 1Q 2021). Net income: €182.1m (flat on 1Q 2021). Profit margin: 35% (down from 37% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 1.8% compared to a 5.7% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year.
Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. External Independent Director Marcos Vaquer Caballeria was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €1.26 (up from €1.15 in FY 2020). Revenue: €2.01b (down 1.7% from FY 2020). Net income: €680.6m (up 9.6% from FY 2020). Profit margin: 34% (up from 30% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is expected to shrink by 1.2% compared to a 7.2% growth forecast for the industry in Spain. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.
Upcoming Dividend • Dec 29Upcoming dividend of €0.22 per shareEligible shareholders must have bought the stock before 05 January 2022. Payment date: 07 January 2022. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Spanish dividend payers (5.4%). Higher than average of industry peers (3.9%).
