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EDPR

EDP RenováveisENXTLS:EDPR Stock Report

Market Cap

€21.7b

7D

0.7%

1Y

29.2%

Updated

27 Nov, 2021

Data

Company Financials +
EDPR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance1/6
Financial Health3/6
Dividends0/6

EDPR Stock Overview

EDP Renováveis, S.A., a renewable energy company, plans, constructs, operates, and maintains electricity generating power stations.

EDP Renováveis Competitors

Equinor

OB:EQNR

kr714.2b

Enel

BIT:ENEL

€69.3b

Iberdrola

BME:IBE

€61.4b

Ørsted

CPSE:ORSTED

kr.364.3b

Price History & Performance

Summary of all time highs, changes and price drops for EDP Renováveis
Historical stock prices
Current Share Price€22.56
52 Week High€26.40
52 Week Low€16.02
Beta0.43
1 Month Change-8.96%
3 Month Change5.72%
1 Year Change29.21%
3 Year Change192.99%
5 Year Change281.73%
Change since IPO194.90%

Recent News & Updates

Aug 23
These 4 Measures Indicate That EDP Renováveis (ELI:EDPR) Is Using Debt Extensively

These 4 Measures Indicate That EDP Renováveis (ELI:EDPR) Is Using Debt Extensively

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

Shareholder Returns

EDPRPT Renewable EnergyPT Market
7D0.7%-1.0%-0.4%
1Y29.2%16.6%15.5%

Return vs Industry: EDPR exceeded the Portuguese Renewable Energy industry which returned 16.6% over the past year.

Return vs Market: EDPR exceeded the Portuguese Market which returned 15.5% over the past year.

Price Volatility

Is EDPR's price volatile compared to industry and market?
EDPR volatility
EDPR Average Weekly Movement4.8%
Renewable Energy Industry Average Movement5.0%
Market Average Movement4.0%
10% most volatile stocks in PT Market6.9%
10% least volatile stocks in PT Market2.8%

Stable Share Price: EDPR is not significantly more volatile than the rest of Portuguese stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: EDPR's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20072,099Miguel de Andradehttps://www.edpr.com/es

EDP Renováveis, S.A., a renewable energy company, plans, constructs, operates, and maintains electricity generating power stations. The company operates wind and solar farms. As of December 31, 2020, it had an installed capacity of 4,966 megawatts in Europe; 6,766 megawatts in North America; and 436 megawatts in Brazil.

EDP Renováveis Fundamentals Summary

How do EDP Renováveis's earnings and revenue compare to its market cap?
EDPR fundamental statistics
Market Cap€21.67b
Earnings (TTM)€385.08m
Revenue (TTM)€1.48b

56.3x

P/E Ratio

14.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EDPR income statement (TTM)
Revenue€1.48b
Cost of Revenue€288.14m
Gross Profit€1.19b
Expenses€808.95m
Earnings€385.08m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.40
Gross Margin80.56%
Net Profit Margin25.98%
Debt/Equity Ratio42.6%

How did EDPR perform over the long term?

See historical performance and comparison

Valuation

Is EDP Renováveis undervalued compared to its fair value and its price relative to the market?

56.27x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EDPR (€22.56) is trading above our estimate of fair value (€2.29)

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


Price To Earnings Ratio

PE vs Industry: EDPR is poor value based on its PE Ratio (56.3x) compared to the European Renewable Energy industry average (28.5x).

PE vs Market: EDPR is poor value based on its PE Ratio (56.3x) compared to the Portuguese market (15.4x).


Price to Earnings Growth Ratio

PEG Ratio: EDPR is poor value based on its PEG Ratio (4.5x)


Price to Book Ratio

PB vs Industry: EDPR is overvalued based on its PB Ratio (2.6x) compared to the XE Renewable Energy industry average (2.1x).


Future Growth

How is EDP Renováveis forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

12.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EDPR's forecast earnings growth (12.4% per year) is above the savings rate (1.4%).

Earnings vs Market: EDPR's earnings (12.4% per year) are forecast to grow faster than the Portuguese market (12.2% per year).

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

Revenue vs Market: EDPR's revenue (10.8% per year) is forecast to grow faster than the Portuguese market (5.9% per year).

High Growth Revenue: EDPR's revenue (10.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EDPR's Return on Equity is forecast to be low in 3 years time (6.9%).


Past Performance

How has EDP Renováveis performed over the past 5 years?

27.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EDPR has a large one-off gain of €437.2M impacting its September 30 2021 financial results.

Growing Profit Margin: EDPR's current net profit margins (26%) are lower than last year (29.6%).


Past Earnings Growth Analysis

Earnings Trend: EDPR's earnings have grown significantly by 27.3% per year over the past 5 years.

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

Earnings vs Industry: EDPR had negative earnings growth (-14.7%) over the past year, making it difficult to compare to the Renewable Energy industry average (7.4%).


Return on Equity

High ROE: EDPR's Return on Equity (5.2%) is considered low.


Financial Health

How is EDP Renováveis's financial position?


Financial Position Analysis

Short Term Liabilities: EDPR's short term assets (€3.0B) exceed its short term liabilities (€2.6B).

Long Term Liabilities: EDPR's short term assets (€3.0B) do not cover its long term liabilities (€11.2B).


Debt to Equity History and Analysis

Debt Level: EDPR's net debt to equity ratio (34.6%) is considered satisfactory.

Reducing Debt: EDPR's debt to equity ratio has reduced from 51.8% to 42.6% over the past 5 years.

Debt Coverage: EDPR's debt is not well covered by operating cash flow (15.5%).

Interest Coverage: EDPR's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Dividend

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

0.46%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate EDPR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EDPR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EDPR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EDPR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: EDPR is not paying a notable dividend for the Portuguese market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EDPR's dividend in 3 years as they are not forecast to pay a notable one for the Portuguese market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Miguel de Andrade (45 yo)

0.83

Tenure

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....


Leadership Team

Experienced Management: EDPR's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: EDPR's board of directors are considered experienced (3.1 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 been diluted in the past year, with total shares outstanding growing by 10.1%.


Top Shareholders

Company Information

EDP Renováveis, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: EDP Renováveis, S.A.
  • Ticker: EDPR
  • Exchange: ENXTLS
  • Founded: 2007
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: €21.670b
  • Shares outstanding: 960.56m
  • Website: https://www.edpr.com/es

Number of Employees


Location

  • EDP Renováveis, S.A.
  • Serrano Galvache 56
  • 7th Floor
  • Madrid
  • Madrid
  • 28033
  • Spain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 19:32
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
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.