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REP

Repsol BME:REP Stock Report

Last Price

€12.21

Market Cap

€17.4b

7D

7.7%

1Y

4.9%

Updated

03 Oct, 2022

Data

Company Financials +

Repsol Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Repsol
Historical stock prices
Current Share Price€12.21
52 Week High€16.23
52 Week Low€9.60
Beta1.07
1 Month Change-8.78%
3 Month Change-4.05%
1 Year Change4.89%
3 Year Change-13.41%
5 Year Change-20.10%
Change since IPO101.43%

Recent News & Updates

Shareholder Returns

REPES Oil and GasES Market
7D7.7%3.6%-0.7%
1Y4.9%-10.8%-14.2%

Return vs Industry: REP exceeded the Spanish Oil and Gas industry which returned -11.1% over the past year.

Return vs Market: REP exceeded the Spanish Market which returned -15.4% over the past year.

Price Volatility

Is REP's price volatile compared to industry and market?
REP volatility
REP Average Weekly Movement5.5%
Oil and Gas Industry Average Movement7.4%
Market Average Movement3.5%
10% most volatile stocks in ES Market6.5%
10% least volatile stocks in ES Market0.5%

Stable Share Price: REP is more volatile than 75% of Spanish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: REP's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of Spanish stocks.

About the Company

FoundedEmployeesCEOWebsite
192724,309Josu Jon Imaz San Miguelhttps://www.repsol.com

Repsol, S.A. operates as an integrated energy company worldwide. Its Exploration and Production segment engages in the exploration, development, and production of crude oil and natural gas reserves. The company’s Industrial segment is involved in refining activities and petrochemicals business; the trading and transportation of crude oil and oil products; and the sale, transportation, and regasification of natural gas and liquefied natural gas (LNG).

Repsol Fundamentals Summary

How do Repsol's earnings and revenue compare to its market cap?
REP fundamental statistics
Market Cap€17.42b
Earnings (TTM)€3.75b
Revenue (TTM)€61.97b

4.6x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
REP income statement (TTM)
Revenue€61.97b
Cost of Revenue€45.20b
Gross Profit€16.77b
Other Expenses€13.03b
Earnings€3.75b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 27, 2022

Earnings per share (EPS)2.63
Gross Margin27.07%
Net Profit Margin6.05%
Debt/Equity Ratio42.5%

How did REP perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

26%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is REP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for REP?

Other financial metrics that can be useful for relative valuation.

REP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA2.4x
PEG Ratio-0.4x

Price to Earnings Ratio vs Peers

How does REP's PE Ratio compare to its peers?

REP PE Ratio vs Peers
The above table shows the PE ratio for REP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average2.9x
ONGC Oil and Natural Gas
3.2x-5.1%₹1.7t
SNGS Surgutneftegas
2.3xn/a₽928.7b
NVTK PAO NOVATEK
2.9x-10.6%US$20.9b
ECOPETROL Ecopetrol
3.4x-26.7%Col$88.8t
REP Repsol
4.6x-13.0%€17.4b

Price-To-Earnings vs Peers: REP is expensive based on its Price-To-Earnings Ratio (4.6x) compared to the peer average (2.9x).


Price to Earnings Ratio vs Industry

How does REP's PE Ratio compare vs other companies in the European Oil and Gas Industry?

Price-To-Earnings vs Industry: REP is good value based on its Price-To-Earnings Ratio (4.6x) compared to the European Oil and Gas industry average (5.3x)


Price to Earnings Ratio vs Fair Ratio

What is REP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

REP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate REP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of REP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: REP (€12.21) is trading above our estimate of fair value (€6.84)

Significantly Below Fair Value: REP is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Repsol forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-13.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: REP's earnings are forecast to decline over the next 3 years (-13% per year).

Earnings vs Market: REP's earnings are forecast to decline over the next 3 years (-13% per year).

High Growth Earnings: REP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: REP's revenue is expected to decline over the next 3 years (-8.5% per year).

High Growth Revenue: REP's revenue is forecast to decline over the next 3 years (-8.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: REP's Return on Equity is forecast to be low in 3 years time (10.4%).


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Past Performance

How has Repsol performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-13.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: REP has a large one-off loss of €2.1B impacting its June 30 2022 financial results.

Growing Profit Margin: REP's current net profit margins (6%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: REP has become profitable over the past 5 years, growing earnings by -13.5% per year.

Accelerating Growth: REP's earnings growth over the past year (921%) exceeds its 5-year average (-13.5% per year).

Earnings vs Industry: REP earnings growth over the past year (921%) exceeded the Oil and Gas industry 159.4%.


Return on Equity

High ROE: REP's Return on Equity (15.3%) is considered low.


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Financial Health

How is Repsol's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: REP's short term assets (€28.7B) exceed its short term liabilities (€21.8B).

Long Term Liabilities: REP's short term assets (€28.7B) exceed its long term liabilities (€16.2B).


Debt to Equity History and Analysis

Debt Level: REP's net debt to equity ratio (10.1%) is considered satisfactory.

Reducing Debt: REP's debt to equity ratio has reduced from 51.2% to 42.5% over the past 5 years.

Debt Coverage: REP's debt is well covered by operating cash flow (50.7%).

Interest Coverage: REP's interest payments on its debt are well covered by EBIT (35.4x coverage).


Balance Sheet


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Dividend

What is Repsol current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.39%

Current Dividend Yield

Dividend Yield vs Market

Repsol Dividend Yield vs Market
How does Repsol dividend yield compare to the market?
SegmentDividend Yield
Company (Repsol)5.4%
Market Bottom 25% (ES)2.3%
Market Top 25% (ES)6.2%
Industry Average (Oil and Gas)8.5%
Analyst forecast in 3 Years (Repsol)5.8%

Notable Dividend: REP's dividend (5.39%) is higher than the bottom 25% of dividend payers in the Spanish market (2.3%).

High Dividend: REP's dividend (5.39%) is low compared to the top 25% of dividend payers in the Spanish market (6.37%).


Stability and Growth of Payments

Stable Dividend: REP's dividend payments have been volatile in the past 10 years.

Growing Dividend: REP's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.6%), REP's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (31.2%), REP's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

6.5yrs

Average management tenure


CEO

Josu Jon Imaz San Miguel (59 yo)

8.5yrs

Tenure

€4,239,188

Compensation

Mr. Josu Jon Imaz San Miguel, Ph D., has been the Chief Executive Officer of Repsol, S.A., since April 30, 2014 and its Executive Director since April 30, 2014. Mr. Imaz San Miguel served as the President...


CEO Compensation Analysis

Josu Jon Imaz San Miguel's Compensation vs Repsol Earnings
How has Josu Jon Imaz San Miguel's remuneration changed compared to Repsol's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€4b

Mar 31 2022n/an/a

€3b

Dec 31 2021€4m€1m

€2b

Sep 30 2021n/an/a

€1b

Jun 30 2021n/an/a

€367m

Mar 31 2021n/an/a

-€2b

Dec 31 2020€4m€1m

-€3b

Sep 30 2020n/an/a

-€8b

Jun 30 2020n/an/a

-€7b

Mar 31 2020n/an/a

-€5b

Dec 31 2019€4m€1m

-€4b

Sep 30 2019n/an/a

€2b

Jun 30 2019n/an/a

€2b

Mar 31 2019n/an/a

€2b

Dec 31 2018€4m€1m

€2b

Sep 30 2018n/an/a

€2b

Jun 30 2018n/an/a

€2b

Mar 31 2018n/an/a

€2b

Dec 31 2017€4m€1m

€2b

Sep 30 2017n/an/a

€2b

Jun 30 2017n/an/a

€2b

Mar 31 2017n/an/a

€2b

Dec 31 2016€353kn/a

€1b

Sep 30 2016n/an/a

-€1b

Jun 30 2016n/an/a

-€2b

Mar 31 2016n/an/a

-€2b

Dec 31 2015€3m€1m

-€1b

Compensation vs Market: Josu Jon's total compensation ($USD4.17M) is above average for companies of similar size in the Spanish market ($USD2.45M).

Compensation vs Earnings: Josu Jon's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: REP's management team is seasoned and experienced (6.5 years average tenure).


Board Members

Experienced Board: REP's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of REP?
Owner TypeNumber of SharesOwnership Percentage
Private Companies289,5800.02%
Individual Insiders1,254,7370.09%
Public Companies45,157,5053.2%
Institutions484,556,53734.0%
General Public895,731,62662.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 30.64% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
5.68%
BlackRock, Inc.
81,047,057€989.2m5.47%0.02%
3.44%
The Vanguard Group, Inc.
49,034,121€598.5m1.52%0.01%
3.38%
Amundi Asset Management
48,257,689€589.0m0%0.18%
3.16%
Sacyr, S.A.
45,157,505€551.1m0%no data
2.46%
Norges Bank Investment Management
35,045,125€427.7m-20.09%0.06%
1.9%
BMO Asset Management Corp.
27,137,980€331.2m0%0.19%
1.09%
Dimensional Fund Advisors LP
15,539,650€189.7m14.98%0.05%
1.09%
Santander Asset Management, S.A., S.G.I.I.C.
15,492,783€189.1m-29.98%1.37%
1.02%
Invesco Ltd.
14,588,306€178.1m0%0.06%
1.02%
Schroder Investment Management Limited
14,559,103€177.7m0%0.14%
0.83%
AllianceBernstein L.P.
11,864,445€144.8m1.54%0.06%
0.72%
Geode Capital Management, LLC
10,309,398€125.8m-0.21%0.02%
0.7%
State Street Global Advisors, Inc.
9,956,685€121.5m0.67%0.01%
0.58%
Eleva Capital LLP
8,257,769€100.8m0%2.78%
0.51%
Eleva Capital S.A.S.
7,287,343€88.9m0%2.4%
0.5%
M&G Investment Management Limited
7,104,083€86.7m-6.81%0.2%
0.36%
Charles Schwab Investment Management, Inc.
5,084,731€62.1m2.45%0.02%
0.35%
Union Asset Management Holding AG
5,048,245€61.6m0.4%0.07%
0.28%
J.P. Morgan Asset Management, Inc.
3,983,894€48.6m-16.94%0.01%
0.27%
Deutsche Asset & Wealth Management
3,912,085€47.7m0.89%0.02%
0.27%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
3,893,137€47.5m3.85%0.02%
0.27%
UBS Asset Management
3,843,118€46.9m-0.44%0.01%
0.26%
HSBC Global Asset Management (UK) Limited
3,763,549€45.9m0.16%0.04%
0.26%
Goldman Sachs Group, Investment Banking and Securities Investments
3,762,664€45.9m0%0.03%
0.23%
Northern Trust Global Investments
3,244,149€39.6m-4.86%0.01%

Company Information

Repsol, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Repsol, S.A.
  • Ticker: REP
  • Exchange: BME
  • Founded: 1927
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Implied Market Cap: €17.416b
  • Shares outstanding: 1.43b
  • Website: https://www.repsol.com

Number of Employees


Location

  • Repsol, S.A.
  • Repsol Campus
  • C/ Mendez Alvaro, 44
  • Madrid
  • Madrid
  • 28045
  • Spain


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
REPY.YOTCPK (Pink Sheets LLC)ADR-EACH CNV INTO 1 ORD(BNY)USUSDMay 1989
REPADB (Deutsche Boerse AG)ADR-EACH CNV INTO 1 ORD(BNY)DEEURMay 1989
REPAXTRA (XETRA Trading Platform)ADR-EACH CNV INTO 1 ORD(BNY)DEEURMay 1989
REPY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
REPBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJan 1992
0NQGLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
REPDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
REPEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
REPXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
REPBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
REPWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
REPS NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.