REN - Redes Energéticas Nacionais SGPS (RENE) Stock Overview
Engages in the transmission of electricity and natural gas in Portugal. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
RENE Community Fair Values
Create NarrativeSee what 47 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
REN - Redes Energéticas Nacionais, SGPS, S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €3.50 |
| 52 Week High | €3.95 |
| 52 Week Low | €2.85 |
| Beta | 0.25 |
| 1 Month Change | -0.14% |
| 3 Month Change | -0.14% |
| 1 Year Change | 17.48% |
| 3 Year Change | 40.64% |
| 5 Year Change | 38.42% |
| Change since IPO | -0.14% |
Recent News & Updates
Narrative Update • Jun 17
RENE: Underperform Downgrade And Lower Future P/E Will Sustain Overvaluation
Analysts have kept their fair value estimate for REN, Redes Energéticas Nacionais SGPS, steady at €2.70 while trimming longer term P/E expectations and modestly adjusting revenue growth and discount rate assumptions, with a recent downgrade to Underperform cited as part of the rationale for the updated price target view. What's in the News for REN: Redes Energéticas Nacionais SGPS No recent company specific news items for REN, Redes Energéticas Nacionais SGPS, are available from the provided primary sources.
Narrative Update • Jun 02
RENE: Underperform Downgrade And Fair Value View Will Shape Return Expectations
Analysts have nudged their price target for REN up slightly to about €3.58 from roughly €3.57, reflecting updated assumptions on revenue growth, profit margins and future P/E, even as at least one firm has moved the stock to an Underperform rating. What's in the News No recent company specific news items were identified for REN based on the provided sources.
Narrative Update • May 17
RENE: Higher P E Assumptions Will Support Returns Despite Underperform Rating
Analysts have revised their price target on REN, Redes Energéticas Nacionais SGPS, from €3.95 to €4.45, reflecting updated assumptions on revenue growth, margins and future P/E, even as at least one recent research report shifted its rating to Underperform. Analyst Commentary The latest research moves on REN highlight a split view, with the rating change to Underperform signaling caution while the revised €4.45 price target points to a more supportive stance on valuation than before.Recent updates
Narrative Update • Jun 17
RENE: Underperform Downgrade And Lower Future P/E Will Sustain Overvaluation
Analysts have kept their fair value estimate for REN, Redes Energéticas Nacionais SGPS, steady at €2.70 while trimming longer term P/E expectations and modestly adjusting revenue growth and discount rate assumptions, with a recent downgrade to Underperform cited as part of the rationale for the updated price target view. What's in the News for REN: Redes Energéticas Nacionais SGPS No recent company specific news items for REN, Redes Energéticas Nacionais SGPS, are available from the provided primary sources.Narrative Update • Jun 02
RENE: Underperform Downgrade And Fair Value View Will Shape Return Expectations
Analysts have nudged their price target for REN up slightly to about €3.58 from roughly €3.57, reflecting updated assumptions on revenue growth, profit margins and future P/E, even as at least one firm has moved the stock to an Underperform rating. What's in the News No recent company specific news items were identified for REN based on the provided sources.Narrative Update • May 17
RENE: Higher P E Assumptions Will Support Returns Despite Underperform Rating
Analysts have revised their price target on REN, Redes Energéticas Nacionais SGPS, from €3.95 to €4.45, reflecting updated assumptions on revenue growth, margins and future P/E, even as at least one recent research report shifted its rating to Underperform. Analyst Commentary The latest research moves on REN highlight a split view, with the rating change to Underperform signaling caution while the revised €4.45 price target points to a more supportive stance on valuation than before.Narrative Update • May 03
RENE: Underperform Downgrade And Stable Fair Value Will Guide Return Outlook
Analysts have kept their fair value estimate for REN at €3.57, but a recent downgrade to Underperform has put more focus on modest adjustments to revenue growth, profit margin, and future P/E assumptions behind that target. Analyst Commentary Recent research commentary around REN, including the downgrade to Underperform, centers on how its current share price lines up with the unchanged €3.57 fair value estimate and the revised assumptions on revenue, margins, and future P/E.Narrative Update • Apr 17
RENE: Downgrade And Margin Risk Will Sustain Overvaluation As P E Stays Elevated
Analysts have lowered their price target on REN to €2.70, citing softer revenue growth expectations and a slightly lower projected profit margin, while still assuming a similar forward P/E multiple. Analyst Commentary Bearish analysts have taken a more cautious stance on REN, with at least one recent downgrade to an Underperform rating.Narrative Update • Apr 03
RENE: Underperform Downgrade And Margin Assumptions Will Shape Future Return Potential
Analysts have inched their fair value estimate for REN, Redes Energéticas Nacionais SGPS, higher from about €3.51 to roughly €3.57 per share, reflecting fine tuned expectations for margins and future P/E while incorporating the latest downgrade to Underperform in recent research. Analyst Commentary Recent research has shifted REN to an Underperform rating while still supporting a slightly higher fair value estimate.Narrative Update • Mar 20
RENE: Higher Multiple Assumptions Will Likely Cap Future Return Potential
Analysts have nudged their price target for REN, Redes Energéticas Nacionais SGPS, higher from €3.34 to €3.51, reflecting updated assumptions on revenue growth, profit margins and future P/E levels. Valuation Changes Fair Value: updated from €3.34 to €3.51, a small upward revision in the modelled estimate.Narrative Update • Mar 06
RENE: Fair Outlook Will Rely On Slightly Higher Future P E Multiple
Analysts have nudged their price target on REN, Redes Energéticas Nacionais SGPS, up by €0.10 to €3.95, citing slightly revised assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: updated slightly from €3.85 to €3.95 per share.Narrative Update • Feb 20
RENE: Elevated Growth Assumptions Will Sustain Overvaluation As Future P E Compresses
Analysts have kept their price target on REN, Redes Energéticas Nacionais SGPS, broadly steady at €2.70, reflecting only small tweaks to assumptions such as slightly higher revenue growth expectations and a marginally different future P/E input. Valuation Changes Fair Value: unchanged at €2.70 per share, with no revision to the overall valuation outcome.Narrative Update • Feb 06
RENE: Elevated Growth Assumptions Will Sustain Overvaluation As Future P E Compresses
Analysts have modestly adjusted their price target for REN, keeping fair value at €2.70 while fine tuning assumptions around the discount rate, revenue growth, profit margin and future P/E to reflect updated views on the company’s risk profile and earnings outlook. Valuation Changes Fair Value: The fair value estimate remains unchanged at €2.70 per share.Analysis Article • Jan 28
With EPS Growth And More, REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Makes An Interesting Case
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Narrative Update • Jan 23
RENE: Future P/E Compression Will Test Optimistic Revenue And Margin Assumptions
Analysts have lifted their price target on REN, Redes Energéticas Nacionais SGPS, to €3.80, citing updated assumptions for revenue growth, profit margins and a lower future P/E multiple that are reflected in recent Street research. Analyst Commentary The updated €3.80 price target sits at the center of a more mixed tone from the Street, where the attention is on how REN executes against its revenue and margin assumptions while operating under a lower future P/E multiple.Narrative Update • Jan 08
RENE: Upgrade To Outperform And Higher P/E Could Support Upside
Analysts have lifted their price target on REN, Redes Energéticas Nacionais SGPS, from €3.50 to €3.85, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, alongside recent positive Street research that includes an upgrade to Outperform with a €3.80 target. Analyst Commentary Recent bullish analysts are pointing to a more constructive view on REN, reflected in higher price targets around €3.80 to €3.85.Narrative Update • Dec 25
RENE: Outperform Upgrade And Stable Regulated Cash Flows Will Support Future Returns
Analysts have raised their price target on REN, Redes Energéticas Nacionais SGPS, to EUR 3.80 from EUR 3.34, reflecting increased confidence in the company’s upside potential following an upgrade to Outperform and stable long term growth and profitability assumptions. Analyst Commentary Bullish analysts point to the upgrade to Outperform and the increased price target as evidence that REN is positioned to deliver attractive risk adjusted returns within the regulated utilities space.Narrative Update • Dec 11
RENE: Future Regulated Cash Flows And Outperform Upgrade Will Support Shareholder Returns
Analysts have nudged their price target on REN, Redes Energéticas Nacionais SGPS, slightly higher to approximately EUR 3.34 from about EUR 3.32, reflecting a modestly higher fair value despite tempered revenue growth and margin expectations, as recent research points to an improved outlook for the shares following an upgrade to Outperform. Analyst Commentary Recent rating and target price revisions indicate a more constructive stance on REN, with bullish analysts highlighting improved risk reward at current levels and greater confidence in the company’s ability to execute on its regulated asset base strategy.Analysis Article • Dec 06
REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Has A Somewhat Strained Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Narrative Update • Nov 26
RENE: Future Cash Flow Strength And Outperform Upgrade Will Support Shareholder Value
Analysts have raised their fair value estimate for REN, Redes Energéticas Nacionais SGPS, from €3.28 to €3.32 per share, citing improved revenue growth prospects and increased profit margins. Analyst Commentary Bullish Takeaways Bullish analysts highlight improved revenue forecasts for REN, driven by stronger than expected performance in key operational segments.Analysis Article • Nov 17
Slowing Rates Of Return At REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Leave Little Room For Excitement
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Narrative Update • Nov 11
RENE: Upgraded Outlook And Modest Risk Warrant Monitoring Amid Market Shifts
Analysts have revised the fair value estimate for REN, Redes Energéticas Nacionais SGPS, upward from €3.22 to €3.28, citing improved revenue growth forecasts and a recent upgrade in outlook by the market. Analyst Commentary Bullish Takeaways Bullish analysts note the upward revision in the fair value estimate, which suggests increased confidence in REN’s revenue growth trajectory.Narrative Update • Oct 28
Improved Outlook And Regulatory Risks Will Shape Future Profitability
Analysts have raised their price target for REN, Redes Energéticas Nacionais SGPS, from €3.10 to €3.22, citing improved profitability and an upgraded outlook for the company. Analyst Commentary Following the recent price target increase, analysts have provided insights into the factors driving their views on REN, Redes Energéticas Nacionais SGPS.Analysis Article • Oct 12
Is REN - Redes Energéticas Nacionais, SGPS, S.A. (ELI:RENE) Trading At A 21% Discount?
Key Insights The projected fair value for REN - Redes Energéticas Nacionais SGPS is €3.95 based on 2 Stage Free Cash...Analysis Article • Sep 28
Here's Why We Think REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Is Well Worth Watching
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Aug 01
REN - Redes Energéticas Nacionais SGPS' (ELI:RENE) Strong Earnings Are Of Good Quality
Investors were underwhelmed by the solid earnings posted by REN - Redes Energéticas Nacionais, SGPS, S.A. ( ELI:RENE...Analysis Article • Jul 27
REN - Redes Energéticas Nacionais, SGPS, S.A. (ELI:RENE) Interim Results: Here's What Analysts Are Forecasting For This Year
REN - Redes Energéticas Nacionais, SGPS, S.A. ( ELI:RENE ) shareholders are probably feeling a little disappointed...Analysis Article • Jul 18
Here's Why REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Is Weighed Down By Its Debt Load
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Jun 30
Calculating The Intrinsic Value Of REN - Redes Energéticas Nacionais, SGPS, S.A. (ELI:RENE)
Key Insights Using the 2 Stage Free Cash Flow to Equity, REN - Redes Energéticas Nacionais SGPS fair value estimate is...Analysis Article • Jun 16
Earnings Not Telling The Story For REN - Redes Energéticas Nacionais, SGPS, S.A. (ELI:RENE)
There wouldn't be many who think REN - Redes Energéticas Nacionais, SGPS, S.A.'s ( ELI:RENE ) price-to-earnings (or...Analysis Article • Mar 29
Investors Met With Slowing Returns on Capital At REN - Redes Energéticas Nacionais SGPS (ELI:RENE)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...Analysis Article • Feb 25
Is REN - Redes Energéticas Nacionais SGPS (ELI:RENE) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Feb 05
What REN - Redes Energéticas Nacionais, SGPS, S.A.'s (ELI:RENE) P/E Is Not Telling You
With a median price-to-earnings (or "P/E") ratio of close to 12x in Portugal, you could be forgiven for feeling...
New Narrative • Jan 28
Investment In Sines Industrial Area Will Proceed, But Earnings May Decline Due To Rising Costs
Increased renewables penetration and strategic CapEx investments could enhance revenue growth and expand the regulated asset base, benefiting long-term earnings.Analysis Article • Dec 09
The Returns At REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Aren't Growing
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...Analysis Article • Nov 21
We Think REN - Redes Energéticas Nacionais SGPS' (ELI:RENE) Healthy Earnings Might Be Conservative
REN - Redes Energéticas Nacionais, SGPS, S.A. ( ELI:RENE ) announced a healthy earnings result recently, and the market...Analysis Article • May 13
REN - Redes Energéticas Nacionais, SGPS, S.A. (ELI:RENE) Just Released Its First-Quarter Earnings: Here's What Analysts Think
Investors in REN - Redes Energéticas Nacionais, SGPS, S.A. ( ELI:RENE ) had a good week, as its shares rose 2.6% to...Analysis Article • May 03
This Is Why We Think REN - Redes Energéticas Nacionais, SGPS, S.A.'s (ELI:RENE) CEO Might Get A Pay Rise Approved By Shareholders
Key Insights REN - Redes Energéticas Nacionais SGPS to hold its Annual General Meeting on 9th of May Total pay for CEO...Analysis Article • Mar 15
The Strong Earnings Posted By REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Are A Good Indication Of The Strength Of The Business
The subdued stock price reaction suggests that REN - Redes Energéticas Nacionais, SGPS, S.A.'s ( ELI:RENE ) strong...Analysis Article • Feb 08
REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Hasn't Managed To Accelerate Its Returns
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Analysis Article • May 11
REN - Redes Energéticas Nacionais SGPS' (ELI:RENE) Shareholders Will Receive A Smaller Dividend Than Last Year
REN - Redes Energéticas Nacionais, SGPS, S.A.'s ( ELI:RENE ) dividend is being reduced from last year's payment...Analysis Article • Jan 25
REN - Redes Energéticas Nacionais SGPS' (ELI:RENE) Returns On Capital Not Reflecting Well On The Business
Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...Analysis Article • Oct 21
Does REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Aug 30
REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Could Be At Risk Of Shrinking As A Company
When researching a stock for investment, what can tell us that the company is in decline? Businesses in decline often...Analysis Article • Jul 04
REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Has A Somewhat Strained Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • May 14
REN - Redes Energéticas Nacionais SGPS' (ELI:RENE) Dividend Will Be Reduced To €0.15
REN - Redes Energéticas Nacionais, SGPS, S.A. ( ELI:RENE ) is reducing its dividend to €0.15 on the 19th of May...Analysis Article • Apr 29
REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Is Finding It Tricky To Allocate Its Capital
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Analysis Article • Apr 11
Estimating The Fair Value Of REN - Redes Energéticas Nacionais, SGPS, S.A. (ELI:RENE)
How far off is REN - Redes Energéticas Nacionais, SGPS, S.A. ( ELI:RENE ) from its intrinsic value? Using the most...Analysis Article • Dec 29
Returns On Capital Signal Difficult Times Ahead For REN - Redes Energéticas Nacionais SGPS (ELI:RENE)
What financial metrics can indicate to us that a company is maturing or even in decline? When we see a declining return...Shareholder Returns
| RENE | PT Integrated Utilities | PT Market | |
|---|---|---|---|
| 7D | 0.4% | 0.02% | 0.8% |
| 1Y | 17.5% | 14.4% | 22.0% |
Return vs Industry: RENE exceeded the Portuguese Integrated Utilities industry which returned 15.7% over the past year.
Return vs Market: RENE underperformed the Portuguese Market which returned 23.2% over the past year.
Price Volatility
| RENE volatility | |
|---|---|
| RENE Average Weekly Movement | 2.4% |
| Integrated Utilities Industry Average Movement | 3.2% |
| Market Average Movement | 3.1% |
| 10% most volatile stocks in PT Market | 7.1% |
| 10% least volatile stocks in PT Market | 1.6% |
Stable Share Price: RENE has not had significant price volatility in the past 3 months compared to the Portuguese market.
Volatility Over Time: RENE's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1994 | 787 | Rodrigo de Araújo Costa | www.ren.pt |
REN - Redes Energéticas Nacionais, SGPS, S.A., together with its subsidiaries, engages in the transmission of electricity and natural gas in Portugal. The company operates in two segments, Electricity and Gas; and Telecommunications. It 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
| RENE fundamental statistics | |
|---|---|
| Market cap | €2.32b |
| Earnings (TTM) | €187.50m |
| Revenue (TTM) | €1.11b |
12.4x
P/E Ratio2.1x
P/S RatioIs RENE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RENE income statement (TTM) | |
|---|---|
| Revenue | €1.11b |
| Cost of Revenue | €518.89m |
| Gross Profit | €595.48m |
| Other Expenses | €407.98m |
| Earnings | €187.50m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 12, 2026
| Earnings per share (EPS) | 0.28 |
| Gross Margin | 53.44% |
| Net Profit Margin | 16.83% |
| Debt/Equity Ratio | 154.1% |
How did RENE perform over the long term?
See historical performance and comparisonDividends
4.6%
Current Dividend Yield34%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/09 06:17 |
| End of Day Share Price | 2026/09/09 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 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 Github.
Analyst Sources
REN - Redes Energéticas Nacionais, SGPS, S.A. is covered by 20 analysts. 8 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 |
|---|---|
| Javier Esteban Lario | Banco de Sabadell. S.A. |
| Bosco Muguiro Eulate | Banco Santander |
| Monica Girardi | Barclays |