Repsol (BME:REP) - Share price, News & Analysis

REP fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	3/6
Financial Health	5/6
Dividends	3/6

REP Stock Overview

Repsol, S.A. operates as an integrated energy company worldwide.

Rewards

PE ratio (6.6x) is below the Spanish market (17.8x)

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of 15% per year for the next 3 years

Unstable dividend track record

Repsol Competitors

Exxon Mobil

NYSE:XOM

US$387.0b

Chevron

NYSE:CVX

US$329.7b

Shell

LSE:SHEL

UK£174.6b

BHP Group

ASX:BHP

AU$238.8b

Price History & Performance

Summary of all time highs, changes and price drops for Repsol
Historical stock prices
Current Share Price	€14.41
52 Week High	€14.94
52 Week Low	€8.69
Beta	1.24
1 Month Change	9.21%
3 Month Change	24.01%
1 Year Change	31.79%
3 Year Change	-0.72%
5 Year Change	-3.64%
Change since IPO	137.82%

Recent News & Updates

May 08

Brokers Are Upgrading Their Views On Repsol, S.A. (BME:REP) With These New Forecasts

Repsol, S.A. ( BME:REP ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...

May 02

Is Repsol (BME:REP) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Apr 06

Broker Revenue Forecasts For Repsol, S.A. (BME:REP) Are Surging Higher

Celebrations may be in order for Repsol, S.A. ( BME:REP ) shareholders, with the analysts delivering a significant...

Shareholder Returns

	REP	ES Oil and Gas	ES Market
7D	1.1%	2.4%	2.1%
1Y	31.8%	15.7%	-9.1%

Return vs Industry: REP exceeded the Spanish Oil and Gas industry which returned 15.7% over the past year.

Return vs Market: REP exceeded the Spanish Market which returned -9.1% over the past year.

Price Volatility

Is REP's price volatile compared to industry and market?
REP volatility
REP Average Weekly Movement	5.8%
Oil and Gas Industry Average Movement	9.0%
Market Average Movement	4.5%
10% most volatile stocks in ES Market	8.3%
10% least volatile stocks in ES Market	1.1%

Stable Share Price: REP is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: REP's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1927	23,701	Josu Jon Imaz San Miguel	https://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	€21.09b
Earnings (TTM)	€3.18b
Revenue (TTM)	€51.80b

6.6x

P/E Ratio

0.4x

P/S Ratio

Is REP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
REP income statement (TTM)
Revenue	€51.80b
Cost of Revenue	€38.22b
Gross Profit	€13.58b
Other Expenses	€10.39b
Earnings	€3.18b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 28, 2022

Earnings per share (EPS)	2.18
Gross Margin	26.21%
Net Profit Margin	6.15%
Debt/Equity Ratio	60.3%

How did REP perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

29%

Payout Ratio

Does REP pay a reliable dividends?

See REP dividend history and benchmarks

When do you need to buy REP by to receive an upcoming dividend?
Repsol dividend dates
Ex Dividend Date	Jul 05 2022
Dividend Pay Date	Jul 07 2022
Days until Ex dividend	43 days
Days until Dividend pay date	45 days

Does REP pay a reliable dividends?

See REP dividend history and benchmarks

Valuation

Is Repsol undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

6.62x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: REP (€14.41) is trading above our estimate of fair value (€14.15)

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

Price To Earnings Ratio

PE vs Industry: REP is good value based on its PE Ratio (6.6x) compared to the European Oil and Gas industry average (9.1x).

PE vs Market: REP is good value based on its PE Ratio (6.6x) compared to the Spanish market (17.8x).

Price to Earnings Growth Ratio

PEG Ratio: REP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: REP is good value based on its PB Ratio (0.9x) compared to the XE Oil and Gas industry average (1x).

Future Growth

How is Repsol forecast to perform in the next 1 to 3 years based on estimates from 23 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

-15.0%

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 (-15% per year).

Earnings vs Market: REP's earnings are forecast to decline over the next 3 years (-15% 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 (-11.5% per year).

High Growth Revenue: REP's revenue is forecast to decline over the next 3 years (-11.5% 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 (10.1%).

Past Performance

How has Repsol performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-25.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: REP has high quality earnings.

Growing Profit Margin: REP became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: REP has become profitable over the past 5 years, growing earnings by -25% per year.

Accelerating Growth: REP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: REP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (63.8%).

Return on Equity

High ROE: REP's Return on Equity (13.5%) is considered low.

Financial Health

How is Repsol's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

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 (€24.7B) exceed its short term liabilities (€18.4B).

Long Term Liabilities: REP's short term assets (€24.7B) exceed its long term liabilities (€16.3B).

Debt to Equity History and Analysis

Debt Level: REP's net debt to equity ratio (30.4%) is considered satisfactory.

Reducing Debt: REP's debt to equity ratio has increased from 49.6% to 60.3% over the past 5 years.

Debt Coverage: REP's debt is well covered by operating cash flow (31.1%).

Interest Coverage: REP's interest payments on its debt are well covered by EBIT (23.8x coverage).

Balance Sheet

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
Future Dividend Coverage

4.57%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: REP's dividend (4.57%) is higher than the bottom 25% of dividend payers in the Spanish market (1.81%).

High Dividend: REP's dividend (4.57%) is low compared to the top 25% of dividend payers in the Spanish market (5.45%).

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 (29%), REP's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (40%), REP's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

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

6.1yrs

Average management tenure

CEO

Josu Jon Imaz San Miguel (58 yo)

8.08yrs

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

Compensation vs Market: Josu Jon's total compensation ($USD4.47M) is above average for companies of similar size in the Spanish market ($USD2.61M).

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 (6.1 years average tenure).

Board Members

Experienced Board: REP's board of directors are considered experienced (5 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

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/21 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31