How does RENE N's PE Ratio compare to its peers?

RENE N is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (19.8x).

How does RENE N's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

RENE N is good value based on its Price-To-Earnings Ratio (11.6x) compared to the Global Integrated Utilities industry average (15.1x).

What is RENE N'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.

Insufficient data to calculate RENE N's Price-To-Earnings Fair Ratio for valuation analysis.

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

RENE N (MX$45.23) is trading below our estimate of [[fair value]] (MX$104.16)

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

Insufficient data to show price forecast.

RENE N Stock Overview

Through its subsidiaries, engages in the transmission of electricity and natural gas in Portugal. More details

RENE N fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	2/6
Dividends	3/6

Rewards

Trading at 56.6% below our estimate of its fair value

Earnings grew by 14.8% over the past year

Risk Analysis

Shares are highly illiquid

Earnings are forecast to decline by an average of 9.1% per year for the next 3 years

Debt is not well covered by operating cash flow

Dividend of 6.98% is not well covered by cash flows

My Notes

Capture your thoughts, links and company narrative

REN - Redes Energéticas Nacionais, SGPS, S.A. Competitors

Mainova

DB:MNV6

€1.9b

MVV Energie

XTRA:MVV1

€2.0b

Gelsenwasser

DB:WWG

€1.7b

Iren

BIT:IRE

€2.4b

Price History & Performance

Summary of share price highs, lows and changes for REN - Redes Energéticas Nacionais SGPS
Historical stock prices
Current Share Price	€45.23
52 Week High	€49.89
52 Week Low	€45.03
Beta	0.27
1 Month Change	0%
3 Month Change	n/a
1 Year Change	-9.34%
3 Year Change	n/a
5 Year Change	-21.23%
Change since IPO	-20.90%

Recent updates

Shareholder Returns

	RENE N	MX Integrated Utilities	MX Market
7D	0%	0%	0%
1Y	-9.3%	0%	0%

Return vs Industry: RENE N underperformed the MX Integrated Utilities industry which returned -1.9% over the past year.

Return vs Market: RENE N underperformed the MX Market which returned 6.4% over the past year.

Price Volatility

Is RENE N's price volatile compared to industry and market?
RENE N volatility
RENE N Average Weekly Movement	n/a
Integrated Utilities Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in MX Market	0%
10% least volatile stocks in MX Market	0%

Stable Share Price: RENE N has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine RENE N's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1994	716	Rodrigo de Araújo Costa	www.ren.pt

REN - Redes Energéticas Nacionais, SGPS, S.A., through its subsidiaries, engages in the transmission of electricity and natural gas in Portugal. It operates in two segments, Electricity and Gas; and Telecommunications. The company operates as a national electricity transmission network; purchases, sells, imports, and exports electricity and natural gas; manages a concession to operate a pilot area to produce electric energy from ocean waves; and operates a telecommunications network.

REN - Redes Energéticas Nacionais, SGPS, S.A. Fundamentals Summary

How do REN - Redes Energéticas Nacionais SGPS's earnings and revenue compare to its market cap?
RENE N fundamental statistics
Market cap	Mex$26.90b
Earnings (TTM)	Mex$2.33b
Revenue (TTM)	Mex$16.50b

11.6x

P/E Ratio

1.6x

P/S Ratio

Is RENE N overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RENE N income statement (TTM)
Revenue	€896.78m
Cost of Revenue	€325.56m
Gross Profit	€571.23m
Other Expenses	€444.64m
Earnings	€126.59m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.19
Gross Margin	63.70%
Net Profit Margin	14.12%
Debt/Equity Ratio	168.5%

How did RENE N perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

81%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/02/13 11:21
End of Day Share Price	2023/11/16 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

REN - Redes Energéticas Nacionais, SGPS, S.A. is covered by 28 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Flora Mericia Trindade	Banco BPI, S.A.
Javier Esteban Lario	Banco de Sabadell. S.A.
Bosco Muguiro Eulate	Banco Santander

REN - Redes Energéticas Nacionais SGPS BMV:RENE N Stock Report