EDP

EDP - Energias de PortugalENXTLS:EDP Stock Report

Market Cap

€17.9b

7D

-1.1%

1Y

11.5%

Updated

22 Sep, 2021

Data

Company Financials +
EDP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance3/6
Financial Health3/6
Dividends5/6

EDP Overview

EDP - Energias de Portugal, S.A. engages in the generation, transportation, distribution, and supply of electricity in Portugal, Spain, France, Brazil, the United States, 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€4.65
52 Week High€4.09
52 Week Low€5.66
Beta0.50
1 Month Change-0.22%
3 Month Change2.13%
1 Year Change11.48%
3 Year Change42.86%
5 Year Change56.83%
Change since IPO47.98%

Recent News & Updates

Aug 08
Time To Worry? Analysts Just Downgraded Their EDP - Energias de Portugal, S.A. (ELI:EDP) Outlook

Time To Worry? Analysts Just Downgraded Their EDP - Energias de Portugal, S.A. (ELI:EDP) Outlook

Today is shaping up negative for EDP - Energias de Portugal, S.A. ( ELI:EDP ) shareholders, with the analysts...

Jul 06
These 4 Measures Indicate That EDP - Energias de Portugal (ELI:EDP) Is Using Debt Extensively

These 4 Measures Indicate That EDP - Energias de Portugal (ELI:EDP) Is Using Debt Extensively

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

EDPPT Electric UtilitiesPT Market
7D-1.1%-1.5%-2.8%
1Y11.5%12.0%26.0%

Return vs Industry: EDP matched the Portuguese Electric Utilities industry which returned 12% over the past year.

Return vs Market: EDP underperformed the Portuguese Market which returned 26% over the past year.

Price Volatility

Is EDP's price volatile compared to industry and market?
EDP volatility
EDP Beta0.50
Industry Beta0.65
Market Beta1

Stable Share Price: EDP is not significantly more volatile than the rest 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
197612,124Miguel de Andradehttps://www.edp.com

EDP - Energias de Portugal, S.A. engages in the generation, transportation, distribution, and supply of electricity in Portugal, Spain, France, Brazil, the United States, 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.

Valuation

Is EDP - Energias de Portugal undervalued compared to its fair value and its price relative to the market?

22.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EDP (€4.65) is trading above our estimate of fair value (€4.55)

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


Price To Earnings Ratio

PE vs Industry: EDP is poor value based on its PE Ratio (22.1x) compared to the European Electric Utilities industry average (14.1x).

PE vs Market: EDP is poor value based on its PE Ratio (22.1x) compared to the Portuguese market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: EDP is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: EDP is overvalued based on its PB Ratio (1.9x) compared to the XE Electric Utilities industry average (1.1x).


Future Growth

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

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EDP's forecast earnings growth (7.6% per year) is above the savings rate (1.6%).

Earnings vs Market: EDP's earnings (7.6% per year) are forecast to grow slower than the Portuguese market (11.2% per year).

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

Revenue vs Market: EDP's revenue (4.2% per year) is forecast to grow slower than the Portuguese market (6% per year).

High Growth Revenue: EDP's revenue (4.2% 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 (9.7%).


Past Performance

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

-10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EDP has a large one-off gain of €254.8M impacting its June 30 2021 financial results.

Growing Profit Margin: EDP's current net profit margins (6.7%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: EDP's earnings have declined by 10.8% per year over the past 5 years.

Accelerating Growth: EDP's earnings growth over the past year (96.9%) exceeds its 5-year average (-10.8% per year).

Earnings vs Industry: EDP earnings growth over the past year (96.9%) exceeded the Electric Utilities industry 8.2%.


Return on Equity

High ROE: EDP's Return on Equity (8.2%) is considered low.


Financial Health

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


Financial Position Analysis

Short Term Liabilities: EDP's short term assets (€8.1B) exceed its short term liabilities (€7.9B).

Long Term Liabilities: EDP's short term assets (€8.1B) do not cover its long term liabilities (€21.9B).


Debt to Equity History and Analysis

Debt Level: EDP's debt to equity ratio (116.3%) is considered high.

Reducing Debt: EDP's debt to equity ratio has reduced from 147.7% to 116.3% over the past 5 years.

Debt Coverage: EDP's debt is not well covered by operating cash flow (9.5%).

Interest Coverage: EDP's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Dividend

What is EDP - Energias de Portugal current dividend yield, its reliability and sustainability?

4.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EDP's dividend (4.09%) is higher than the bottom 25% of dividend payers in the Portuguese market (1.73%).

High Dividend: EDP's dividend (4.09%) is low compared to the top 25% of dividend payers in the Portuguese market (5.85%).


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.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (89.9%), EDP's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EDP's dividends in 3 years are forecast to be covered by earnings (79.6% payout ratio).


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Miguel de Andrade (45 yo)

1.17yrs

Tenure

€1,566,487

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

Compensation vs Market: Miguel's total compensation ($USD1.84M) is below average for companies of similar size in the Portuguese market ($USD3.45M).

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 not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: EDP's board of directors are considered experienced (3.4 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

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


Top Shareholders

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
  • Market Cap: €17.878b
  • Shares outstanding: 3.95b
  • Website: https://www.edp.com

Number of Employees


Location

  • EDP - Energias de Portugal, S.A.
  • Avenida 24 de Julho 12
  • 249-300
  • Lisbon
  • Lisbon
  • Portugal

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 18:32
End of Day Share Price2021/09/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.