company background image
EDP

EDP - Energias de Portugal ENXTLS:EDP Stock Report

Last Price

€4.47

Market Cap

€17.6b

7D

-7.3%

1Y

-1.5%

Updated

29 Sep, 2022

Data

Company Financials +
EDP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health1/6
Dividends3/6

EDP Stock Overview

EDP - Energias de Portugal, S.A. engages in the production, transmission, distribution, and commercialization of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Brazil, North America, and internationally.

EDP - Energias de Portugal Competitors

Price History & Performance

Summary of all time highs, changes and price drops for EDP - Energias de Portugal
Historical stock prices
Current Share Price€4.47
52 Week High€5.21
52 Week Low€3.65
Beta0.52
1 Month Change-8.52%
3 Month Change-3.54%
1 Year Change-1.46%
3 Year Change25.53%
5 Year Change44.16%
Change since IPO42.22%

Recent News & Updates

Aug 03
EDP - Energias de Portugal (ELI:EDP) Has No Shortage Of Debt

EDP - Energias de Portugal (ELI:EDP) Has No Shortage Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

EDPPT Electric UtilitiesPT Market
7D-7.3%-6.8%-7.6%
1Y-1.5%-9.6%-0.8%

Return vs Industry: EDP exceeded the Portuguese Electric Utilities industry which returned -9.1% over the past year.

Return vs Market: EDP underperformed the Portuguese Market which returned 1.8% over the past year.

Price Volatility

Is EDP's price volatile compared to industry and market?
EDP volatility
EDP Average Weekly Movement3.2%
Electric Utilities Industry Average Movement4.0%
Market Average Movement4.1%
10% most volatile stocks in PT Market6.7%
10% least volatile stocks in PT Market2.4%

Stable Share Price: EDP is less volatile than 75% of Portuguese stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: EDP's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197612,907Miguel de Andradehttps://www.edp.com

EDP - Energias de Portugal, S.A. engages in the production, transmission, distribution, and commercialization of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Brazil, North America, and internationally. The company operates through Renewables, Networks, and Client Solutions & Energy Management segments. It primarily generates electricity through hydro, CCGT, coal, wind, solar, nuclear, and cogeneration sources.

EDP - Energias de Portugal Fundamentals Summary

How do EDP - Energias de Portugal's earnings and revenue compare to its market cap?
EDP fundamental statistics
Market Cap€17.64b
Earnings (TTM)€619.89m
Revenue (TTM)€19.07b

28.5x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EDP income statement (TTM)
Revenue€19.07b
Cost of Revenue€14.15b
Gross Profit€4.92b
Other Expenses€4.30b
Earnings€619.89m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 28, 2022

Earnings per share (EPS)0.16
Gross Margin25.79%
Net Profit Margin3.25%
Debt/Equity Ratio157.4%

How did EDP perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

121%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is EDP 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 EDP?

Other financial metrics that can be useful for relative valuation.

EDP 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/Revenue2.1x
Enterprise Value/EBITDA14.1x
PEG Ratio2.4x

Price to Earnings Ratio vs Peers

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

EDP PE Ratio vs Peers
The above table shows the PE ratio for EDP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.4x
EDPR EDP Renováveis
25.8x5.5%€20.1b
532898 Power Grid Corporation of India
9.9x2.0%₹1.5t
AGR Avangrid
18.1x6.6%US$16.4b
ELE Endesa
10.9x5.1%€16.6b
EDP EDP - Energias de Portugal
28.5x12.0%€17.6b

Price-To-Earnings vs Peers: EDP is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (16.4x).


Price to Earnings Ratio vs Industry

How does EDP's PE Ratio compare vs other companies in the European Electric Utilities Industry?

Price-To-Earnings vs Industry: EDP is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the European Electric Utilities industry average (9x)


Price to Earnings Ratio vs Fair Ratio

What is EDP'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.

EDP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.5x
Fair PE Ratio29.2x

Price-To-Earnings vs Fair Ratio: EDP is good value based on its Price-To-Earnings Ratio (28.5x) compared to the estimated Fair Price-To-Earnings Ratio (29.2x).


Share Price vs Fair Value

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

Below Fair Value: EDP (€4.47) is trading above our estimate of fair value (€2.81)

Significantly Below Fair Value: EDP 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.


Discover undervalued companies

Future Growth

How is EDP - Energias de Portugal forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EDP's forecast earnings growth (12% per year) is above the savings rate (1.1%).

Earnings vs Market: EDP's earnings (12% per year) are forecast to grow faster than the Portuguese market (6.7% per year).

High Growth Earnings: EDP's earnings are forecast to grow, but not significantly.

Revenue vs Market: EDP's revenue (0.4% per year) is forecast to grow slower than the Portuguese market (4% per year).

High Growth Revenue: EDP's revenue (0.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EDP's Return on Equity is forecast to be low in 3 years time (11.7%).


Discover growth companies

Past Performance

How has EDP - Energias de Portugal performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-11.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EDP has a large one-off gain of €246.0M impacting its June 30 2022 financial results.

Growing Profit Margin: EDP's current net profit margins (3.3%) are lower than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: EDP's earnings have declined by 11.2% per year over the past 5 years.

Accelerating Growth: EDP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EDP had negative earnings growth (-25.3%) over the past year, making it difficult to compare to the Electric Utilities industry average (9.2%).


Return on Equity

High ROE: EDP's Return on Equity (9.6%) is considered low.


Discover strong past performing companies

Financial Health

How is EDP - Energias de Portugal's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: EDP's short term assets (€15.4B) exceed its short term liabilities (€13.5B).

Long Term Liabilities: EDP's short term assets (€15.4B) do not cover its long term liabilities (€30.5B).


Debt to Equity History and Analysis

Debt Level: EDP's net debt to equity ratio (132.7%) is considered high.

Reducing Debt: EDP's debt to equity ratio has increased from 148.9% to 157.4% over the past 5 years.

Debt Coverage: EDP's debt is not well covered by operating cash flow (16.7%).

Interest Coverage: EDP's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is EDP - Energias de Portugal 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


4.25%

Current Dividend Yield

Dividend Yield vs Market

EDP - Energias de Portugal Dividend Yield vs Market
How does EDP - Energias de Portugal dividend yield compare to the market?
SegmentDividend Yield
Company (EDP - Energias de Portugal)4.3%
Market Bottom 25% (PT)4.1%
Market Top 25% (PT)7.8%
Industry Average (Electric Utilities)4.8%
Analyst forecast in 3 Years (EDP - Energias de Portugal)4.8%

Notable Dividend: EDP's dividend (4.25%) is higher than the bottom 25% of dividend payers in the Portuguese market (3.89%).

High Dividend: EDP's dividend (4.25%) is low compared to the top 25% of dividend payers in the Portuguese market (7.67%).


Stability and Growth of Payments

Stable Dividend: EDP's dividends per share have been stable in the past 10 years.

Growing Dividend: EDP's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (121.2%), EDP's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (179.7%), EDP's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.2yrs

Average management tenure


CEO

Miguel de Andrade (46 yo)

10.58yrs

Tenure

€1,854,067

Compensation

Mr. Miguel Stilwell de Andrade serves as Vice President of the Board at EDP Renováveis, S.A. since April 12, 2021. He has been Chairman of the Executive Board of Directors at EDP-Energias de Portugal, S.A....


CEO Compensation Analysis

Miguel de Andrade's Compensation vs EDP - Energias de Portugal Earnings
How has Miguel de Andrade's remuneration changed compared to EDP - Energias de Portugal's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€620m

Mar 31 2022n/an/a

€401m

Dec 31 2021€2m€950k

€657m

Sep 30 2021n/an/a

€889m

Jun 30 2021n/an/a

€829m

Mar 31 2021n/an/a

€834m

Dec 31 2020€2m€660k

€801m

Sep 30 2020n/an/a

€474m

Jun 30 2020n/an/a

€421m

Mar 31 2020n/an/a

€557m

Dec 31 2019€1m€660k

€512m

Sep 30 2019n/an/a

€682m

Jun 30 2019n/an/a

€544m

Mar 31 2019n/an/a

€454m

Dec 31 2018€1m€702k

€519m

Sep 30 2018n/an/a

€264m

Jun 30 2018n/an/a

€1b

Mar 31 2018n/an/a

€1b

Dec 31 2017€1m€570k

€1b

Sep 30 2017n/an/a

€1b

Jun 30 2017n/an/a

€939m

Mar 31 2017n/an/a

€913m

Dec 31 2016€1m€1m

€961m

Sep 30 2016n/an/a

€792m

Jun 30 2016n/an/a

€798m

Mar 31 2016n/an/a

€939m

Dec 31 2015€993k€609k

€913m

Compensation vs Market: Miguel's total compensation ($USD1.81M) is below average for companies of similar size in the Portuguese market ($USD4.22M).

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


Leadership Team

Experienced Management: EDP's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: EDP's board of directors are considered experienced (7.4 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 EDP?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders307,0430.008%
General Public788,818,43820.0%
Private Companies1,176,850,05229.8%
Institutions1,981,089,31250.2%

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


Top Shareholders

Top 25 shareholders own 70.18% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
20.32%
China Three Gorges Corporation
801,947,605€3.6b0%no data
12.3%
BlackRock, Inc.
485,553,026€2.2b-6.76%0.05%
7.23%
Corporacion Masaveu S.A.
285,529,033€1.3b0%no data
5.18%
CPP Investments
204,629,140€914.5m0%0.9%
2.7%
The Vanguard Group, Inc.
106,438,405€475.7m1.45%0.01%
2.68%
Amundi Asset Management
105,693,536€472.3m1.83%0.14%
2.43%
Norges Bank Investment Management
95,969,480€428.9m0%0.06%
2.28%
Qatar Holding LLC
90,020,959€402.3m0%0.87%
2.23%
AllianceBernstein L.P.
87,929,566€393.0m-0.2%0.16%
2.2%
Sonatrach Spa
86,848,414€388.1m0%no data
1.94%
IM Gestão de Ativos - Sociedade Gestora de Organismos de Investimento Coletivo, SA
76,627,022€342.4m0%56.2%
1.37%
Mubadala Investment Company PJSC
54,095,476€241.8m0%0.59%
0.91%
Deka Investment GmbH
36,065,230€161.2m0.05%0.23%
0.84%
Caisse de dépôt et placement du Québec
33,086,060€147.9m0%0.2%
0.8%
Invesco Ltd.
31,594,021€141.2m0%0.05%
0.62%
ClearBridge Investments, LLC
24,472,450€109.4m0%0.1%
0.55%
Commerzbank AG, Asset Management Arm
21,676,169€96.9m0%1.54%
0.53%
Janus Henderson Group plc
20,870,828€93.3m2.83%0.06%
0.52%
Thornburg Investment Management, Inc.
20,615,600€92.1m28.46%0.65%
0.5%
State Street Global Advisors, Inc.
19,813,997€88.5m-8.55%no data
0.49%
Natixis Investment Managers International
19,409,288€86.7m79.65%0.35%
0.43%
Union Asset Management Holding AG
16,876,957€75.4m0%0.09%
0.38%
BNPP Asset Management Holding
14,879,844€66.5m-0.01%0.14%
0.37%
Mirova Société Anonyme
14,701,231€65.7m0.52%2.1%
0.37%
Geode Capital Management, LLC
14,593,729€65.2m0.04%0.01%

Company Information

EDP - Energias de Portugal, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: EDP - Energias de Portugal, S.A.
  • Ticker: EDP
  • Exchange: ENXTLS
  • Founded: 1976
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: €17.639b
  • Shares outstanding: 3.95b
  • Website: https://www.edp.com

Number of Employees


Location

  • EDP - Energias de Portugal, S.A.
  • Avenida 24 de Julho 12
  • 4th Floor
  • Lisbon
  • Lisbon
  • 1249-300
  • Portugal


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EDPF.YOTCPK (Pink Sheets LLC)SPON ADR EACH REPR 10 ORD EUR1USUSDJun 1997
EDPABST (Boerse-Stuttgart)SPON ADR EACH REPR 10 ORD EUR1DEEURJun 1997
EDPENXTLS (Euronext Lisbon)YesCategory A Ordinary SharesPTEURJun 1997
EDPDB (Deutsche Boerse AG)YesCategory A Ordinary SharesDEEURJun 1997
0OF7LSE (London Stock Exchange)YesCategory A Ordinary SharesGBEURJun 1997
EDPUBATS-CHIXE (BATS 'Chi-X Europe')YesCategory A Ordinary SharesGBEURJun 1997
EDPETLX (Eurotlx)YesCategory A Ordinary SharesITEURJun 1997
ELCP.FOTCPK (Pink Sheets LLC)Category B Ordinary SharesUSUSDNov 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 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.