EDP Renováveis Future Growth

Future criteria checks 4/6

EDP Renováveis is forecast to grow earnings and revenue by 32.3% and 10.6% per annum respectively. EPS is expected to grow by 32% per annum. Return on equity is forecast to be 5.3% in 3 years.

Key information

32.3%

Earnings growth rate

32.0%

EPS growth rate

Renewable Energy earnings growth	17.3%
Revenue growth rate	10.6%
Future return on equity	5.3%
Analyst coverage	Good
Last updated	20 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

BATS-CHIXE:EDPRU - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,953	644	-1,474	1,562	17
12/31/2025	2,749	532	-1,387	1,331	19
12/31/2024	2,427	334	-1,773	1,005	19
9/30/2024	2,045	74	-3,609	505	N/A
6/30/2024	1,972	439	-3,626	789	N/A
3/31/2024	1,923	312	-3,243	871	N/A
12/31/2023	2,008	309	-3,269	845	N/A
9/30/2023	2,054	645	-1,301	1,049	N/A
6/30/2023	2,127	431	-2,222	900	N/A
3/31/2023	2,275	615	-1,281	1,069	N/A
12/31/2022	2,138	616	-1,301	1,049	N/A
9/30/2022	2,080	923	-1,808	1,097	N/A
6/30/2022	1,925	779	-844	998	N/A
3/31/2022	1,687	683	-1,812	854	N/A
12/31/2021	1,580	655	-1,561	811	N/A
9/30/2021	1,482	385	-1,443	643	N/A
6/30/2021	1,490	442	-1,869	674	N/A
3/31/2021	1,496	532	-900	759	N/A
12/31/2020	1,529	556	-640	908	N/A
9/30/2020	1,528	452	-915	934	N/A
6/30/2020	1,540	387	-130	971	N/A
3/31/2020	1,604	476	-243	1,085	N/A
12/31/2019	1,642	475	-120	1,090	N/A
9/30/2019	1,640	540	493	1,056	N/A
6/30/2019	1,599	518	-125	1,050	N/A
3/31/2019	1,510	280	205	995	N/A
12/31/2018	1,512	313	81	985	N/A
9/30/2018	1,523	226	-244	1,004	N/A
6/30/2018	1,569	281	N/A	1,027	N/A
3/31/2018	1,618	302	N/A	995	N/A
12/31/2017	1,602	276	N/A	981	N/A
9/30/2017	1,565	193	N/A	945	N/A
6/30/2017	1,524	132	N/A	930	N/A
3/31/2017	1,461	49	N/A	869	N/A
12/31/2016	1,453	56	N/A	869	N/A
9/30/2016	1,456	96	N/A	833	N/A
6/30/2016	1,447	156	N/A	771	N/A
3/31/2016	1,427	185	N/A	762	N/A
12/31/2015	1,350	167	N/A	701	N/A
9/30/2015	1,273	173	N/A	694	N/A
6/30/2015	1,214	115	N/A	680	N/A
3/31/2015	1,184	130	N/A	722	N/A
12/31/2014	1,153	126	N/A	707	N/A
9/30/2014	1,193	90	N/A	699	N/A
6/30/2014	1,158	87	N/A	652	N/A
3/31/2014	1,210	111	N/A	684	N/A
12/31/2013	1,191	135	N/A	677	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EDPRU's forecast earnings growth (32.3% per year) is above the savings rate (2.1%).

Earnings vs Market: EDPRU's earnings (32.3% per year) are forecast to grow faster than the UK market (14.6% per year).

High Growth Earnings: EDPRU's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EDPRU's revenue (10.6% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: EDPRU's revenue (10.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EDPRU's Return on Equity is forecast to be low in 3 years time (5.3%).

EDP Renováveis Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Recent updates

EDP Renováveis, S.A. (ENXTLS:EDPR) completed the acquisition of 49% stake in 970-MW portfolio of wind farms in Portugal, Poland and Italy from ACE Investment Fund II LP and ACE Investment Fund I LP for €580 million.

New minor risk - Shareholder dilution

EDP Renováveis, S.A. Appoints Laurie Fitch as Non-Executive Director and Member

Connor, Clark & Lunn Infrastructure Ltd. completed the acquisition of an 80% stake in 297 megawatt (MW) wind farm in Alberta, Canada from EDP Renováveis, S.A. (ENXTLS:EDPR) for enterprise value of approximately CAD 700 million.

Less than half of directors are independent

Less than half of directors are independent

EDP Renováveis, S.A. to Report Q1, 2024 Results on May 08, 2024

Less than half of directors are independent

Eni New Energy US Inc. entered into an agreement to acquire 80% equity stake in Three Photovoltaic Plants in US. from EDP Renováveis, S.A. (ENXTLS:EDPR).

Less than half of directors are independent

Less than half of directors are independent

ORLEN Wind 3 Sp. z o.o. completed the acquisition of 300 MW RENEWABLES PORTFOLIO from EDP Renováveis, S.A. (ENXTLS:EDPR) for enterprise value of PLN 2.2 billion.

Less than half of directors are independent

Less than half of directors are independent

Statkraft AS signed an agreement to acquire a portfolio of 260 MW wind farms in Brazil from EDP Renováveis, S.A. (ENXTLS:EDPR) for NOK 3.5 billion.

Statkraft Energias Renováveis S.A. signed an agreement to acquire Two operational wind farms in Jerusalém and Boqueirão from EDP Renováveis, S.A. (ENXTLS:EDPR).

Less than half of directors are independent

ORLEN WIND 3 acquired 300 MW RENEWABLES PORTFOLIO from EDP Renováveis, S.A. (ENXTLS:EDPR) for PLN 2.2 billion.

High number of new directors

EDP Renováveis, S.A. to Report Q1, 2023 Results on May 03, 2023

First quarter 2023 earnings released

Full year 2022 earnings released: EPS: €0.64 (vs €0.70 in FY 2021)

High number of new directors

High number of new directors

EDP Renováveis, S.A. (ENXTLS:EDPR) acquired 70% stake in Kronos Solar Projects Gmbh.

High number of new directors

EDP Renováveis, S.A. (ENXTLS:EDPR) completed the acquisition of 200 MW of solar parks in Vietnam from Xuan Thien Group.

Second quarter 2022 earnings released

EDP Renováveis, S.A. (ENXTLS:EDPR) agreed to acquire 70% stake in Kronos Solar Projects Gmbh for €250m.

China Three Gorges Renewables (Group) Co.,Ltd. (SHSE:600905) completed the acquisition of 181 MW Operating Wind Portfolio from EDP Renováveis, S.A. (ENXTLS:EDPR) for an enterprise value of approximately €310 million.

EDP Renováveis, S.A. (ENXTLS:EDPR) agreed to acquire 200 MW of solar parks in Vietnam from Xuan Thien Group for $284 million.

First quarter 2022 earnings released

EDP Renováveis, S.A. (ENXTLS:EDPR) acquired BETA WIND SRL for $136 million.

Upcoming dividend of €0.09 per share

EDP Renováveis, S.A., Annual General Meeting, Mar 31, 2022

Investor sentiment improved over the past week

EDP Renováveis, S.A. (ENXTLS:EDPR) acquired 87.4% stake in Sunseap Group Pte. Ltd. from ISOTeam Ltd. (Catalist:5WF), Abc World Asia Pte Ltd and others for transaction valued at SGD 1.1 billion.

Full year 2021 earnings: Revenues miss analyst expectations

EDP Renováveis, S.A. to Report Fiscal Year 2021 Results on Feb 16, 2022

EDP Ventures and EDP Renováveis, S.A. (ENXTLS:EDPR) agreed to acquire an unknown minority stake in Principle Power, Inc. from Aker Offshore Wind AS (OB:AOW).

Onex Renewables S.a.r.l. completed the acquisition of Three wind farms in Portugal from EDP Renováveis, S.A. (ENXTLS:EDPR).

Mirova Environment and Infrastructure signed an agreement to acquire 149 MW Wind Portfolio in Poland from Mirova Environment and Infrastructure.

Second quarter 2021 earnings released

Onex Renewables S.a.r.l. signed a sale and purchase agreement to acquire Three wind farms in Portugal from EDP Renováveis, S.A. (ENXTLS:EDPR).

EDP Renováveis, S.A. (ENXTLS:EDPR) acquired 28 MWac solar PV project in Vietnam from Trina Solar Co., Ltd (SHSE:688599) for $36 million.

EDP Renováveis, S.A. (ENXTLS:EDPR) signed an agreement to acquire solar portfolio in Chile from Lader Energy Chile SpA.

First quarter 2021 earnings released: EPS €0.043

Upcoming dividend of €0.08 per share

EDP Renováveis, S.A. announced that it has received €1.50025 billion in funding

EDP Renováveis, S.A. announced that it expects to receive €1.50025 billion in funding

New 90-day low: €16.95

Full year 2020 earnings released

Edp Renewables Appoints Miguel Stilwell De Andrade as CEO

EDP Renováveis, S.A. announced that it expects to receive €112 million in funding from European Investment Bank, Investment Arm, Banco BPI SA, Investment Arm

New 90-day high: €23.95

EDP Renováveis, S.A. to Report First Half, 2021 Results on Jul 29, 2021

EDP Renováveis, S.A. to Report Nine Months, 2021 Results on Nov 04, 2021

Connor, Clark & Lunn Infrastructure Ltd., Régime de Rentes du Mouvement Desjardins and Desjardins Financial Security Life Assurance Company completed the acquisition of 80% stake in US Renewable Power Portfolio from EDP Renováveis, S.A. (ENXTLS:EDPR).

New 90-day high: €21.00

EDP Renováveis, S.A. (ENXTLS:EDPR) completed the acquisition of Renewable Business of Viesgo Infraestructuras Energéticas, S.L.

New 90-day high: €17.98

Finerge SA agreed to acquire wind farms in Spain from EDP Renováveis, S.A. (ENXTLS:EDPR) for approximately €430 million.

Connor, Clark & Lunn Infrastructure Ltd., Régime de Rentes du Mouvement Desjardins and Desjardins Financial Security Life Assurance Company entered into an agreement to acquire an unknown majority stake in US Renewable Power Portfolio from EDP Renováveis, S.A. (ENXTLS:EDPR).

EDP Renováveis, S.A. to Report First Half, 2020 Results on Sep 03, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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