BME:REP

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Repsol's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.1%

REP

2.5%

ES Oil and Gas

0.7%

ES Market


1 Year Return

-15.5%

REP

-1.3%

ES Oil and Gas

-3.8%

ES Market

REP underperformed the Oil and Gas industry which returned -1.3% over the past year.

REP underperformed the Market in Spain which returned -3.9% over the past year.


Share holder returns

REPIndustryMarket
7 Day3.1%2.5%0.7%
30 Day13.6%6.5%4.9%
90 Day1.3%-1.8%-1.2%
1 Year-11.0%-15.5%4.1%-1.3%-0.6%-3.8%
3 Year36.9%19.0%53.5%32.1%14.0%3.5%
5 Year-2.3%-23.5%41.1%10.3%3.0%-16.5%

Price Volatility Vs. Market

How volatile is Repsol's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Repsol undervalued based on future cash flows and its price relative to the stock market?

11.58x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Repsol's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Repsol's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Repsol is overvalued based on earnings compared to the Europe Oil and Gas industry average.

Repsol is good value based on earnings compared to the Spain market.


Price Based on Expected Growth

Repsol is poor value based on expected growth next year.


Price Based on Value of Assets

Repsol is good value based on assets compared to the Europe Oil and Gas industry average.


Next Steps

Future Growth

How is Repsol expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

5.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Repsol's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Repsol's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).

Repsol's revenues are expected to decrease over the next 1-3 years, this is below the Spain market average.

Repsol's earnings growth is positive but not above the Spain market average.

Repsol's earnings growth is expected to exceed the low risk savings rate of 1.5%.


Earnings per Share Growth Estimates


Future Return on Equity

Repsol is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Repsol performed over the past 5 years?

24.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Repsol has delivered over 20% year on year earnings growth in the past 5 years.

Repsol's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Repsol's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.


Return on Equity

Repsol has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Repsol used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Repsol has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Repsol's financial position?


Financial Position Analysis

Repsol is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Repsol's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Repsol's level of debt (44%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (49.8% vs 44% today).

Debt is well covered by operating cash flow (37.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 9.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.3x debt.


Next Steps

Dividend

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

7.00%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Repsol's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (2.03%).

Repsol's dividend is above the markets top 25% of dividend payers in Spain (5.38%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.9x coverage).


Next Steps

Management

What is the CEO of Repsol's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Josu Jon Imaz San Miguel (56yo)

5.4yrs

Tenure

€12,140,188

Compensation

Mr. Josu Jon Imaz San Miguel 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 of Petro ...


CEO Compensation Analysis

Josu Jon's remuneration is higher than average for companies of similar size in Spain.

Josu Jon's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

3.4yrs

Average Tenure

65yo

Average Age

The tenure for the Repsol management team is about average.


Board Age and Tenure

5.4yrs

Average Tenure

70yo

Average Age

The tenure for the Repsol board of directors is about average.


Insider Trading

More shares have been bought than sold by Repsol individual insiders in the past 3 months.


Recent Insider Transactions

Buy€19022 Jul 19
Antonio Brufau Niubó
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares18,970
Max Price€0.01
Buy€2222 Jul 19
Rene Dahan
EntityIndividual
Role
Member of the Board of Directors
Proprietary Director
Shares2,234
Max Price€0.01
Buy€322 Jul 19
José Manuel Loureda Mantiñán
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares3,327
Max Price€0.01
Buy€2622 Jul 19
Luis Suárez de Lezo Mantilla
EntityIndividual
Role
Member of the Board of Directors
General Counsel
Shares2,563
Max Price€0.01
Buy€322 Jul 19
Isabel Torremocha Ferrezuelo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares345
Max Price€0.01
Buy€0.71002522 Jul 19
Maria Teresa García-Milá Lloveras
EntityIndividual
Shares71
Max Price€0.01
Buy€10322 Jul 19
Josu Jon Imaz San Miguel
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares10,276
Max Price€0.01
Buy€34,40503 Jul 19
Josu Jon Imaz San Miguel
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares2,454
Max Price€14.02
Buy€440,64305 Jun 19
Josu Jon Imaz San Miguel
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares30,579
Max Price€14.41
Buy€72,05003 Jun 19
Josu Jon Imaz San Miguel
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares5,000
Max Price€14.41
Buy€76,10006 Mar 19
Josu Jon Imaz San Miguel
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares5,000
Max Price€15.22
Buy€76,20003 Dec 18
Josu Jon Imaz San Miguel
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares5,000
Max Price€15.24

Ownership Breakdown


Management Team

  • José Manuel Loureda Mantiñán (80yo)

    Executive Director

    • Tenure: 12.7yrs
    • Compensation: €264.89k
  • Luis Suárez de Lezo Mantilla (68yo)

    General Counsel

    • Tenure: 14.6yrs
    • Compensation: €9.42m
  • Begoña Elices García

    Executive MD of Communication & the Chairman's Office

    • Tenure: 3.3yrs
  • Josu Jon Imaz San Miguel (56yo)

    CEO & Executive Director

    • Tenure: 5.4yrs
    • Compensation: €12.14m
  • Maria Victoria Zingoni Domínguez

    Executive Managing Director of Commercial Businesses & Chemicals

    • Tenure: 4.3yrs
  • Luis Cabra Dueñas (62yo)

    Executive MD of Technology Development

    • Tenure: 7.3yrs
  • Miguel Klingenberg Calvo

    Executive Managing Director of Legal Affairs

    • Tenure: 3.4yrs
  • Antonio De Lorenzo Sierra

    Executive MD & CFO

    • Tenure: 1.2yrs
  • Arturo Gonzalo Aizpiri

    Executive Managing Director of People & Organization

    • Tenure: 3.3yrs
  • Ramón Álvarez-Pedrosa

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Rene Dahan (78yo)

    Proprietary Director

    • Tenure: 6.3yrs
    • Compensation: €353.19k
  • José Manuel Loureda Mantiñán (80yo)

    Executive Director

    • Tenure: 12.7yrs
    • Compensation: €264.89k
  • Henri Philippe Reichstul (70yo)

    External Director

    • Tenure: 0.9yrs
    • Compensation: €58.86k
  • Antonio Brufau Niubó (71yo)

    Non-Executive Chairman

    • Tenure: 14.9yrs
  • Manuel Manrique Cecilia (65yo)

    Deputy Vice Chairman

    • Tenure: 0yrs
    • Compensation: €353.19k
  • Luis Suárez de Lezo Mantilla (68yo)

    General Counsel

    • Tenure: 14.6yrs
    • Compensation: €9.42m
  • Josu Jon Imaz San Miguel (56yo)

    CEO & Executive Director

    • Tenure: 5.4yrs
    • Compensation: €12.14m
  • Mariano Marzo Carpio

    Lead Independent Director

    • Tenure: 0.3yrs
    • Compensation: €242.82k
  • Isabel Torremocha Ferrezuelo

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: €264.89k
  • María del Carmen Ganyet i Cirera

    Independent External Director

    • Tenure: 1.3yrs
    • Compensation: €191.31k

Company Information

Repsol, S.A.'s company bio, 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
  • Market Cap: €21.669b
  • Shares outstanding: 1.52b
  • Website: https://www.repsol.com

Number of Employees


Location

  • Repsol, S.A.
  • Méndez Álvaro, 44
  • Madrid
  • Madrid
  • 28045
  • Spain

Listings

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

Biography

Repsol, S.A. operates as an integrated energy company worldwide. Its Upstream segment engages in the exploration and development of crude oil and natural gas reserves. The company’s Downstream segment in i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 20:41
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.