REN - Redes Energéticas Nacionais, SGPS, S.A., through its subsidiaries, engages in the transmission of electricity and natural gas in Portugal.
Good value average dividend payer.
Share Price & News
How has REN - Redes Energéticas Nacionais SGPS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RENE has not had significant price volatility in the past 3 months.
7 Day Return
PT Integrated Utilities
1 Year Return
PT Integrated Utilities
Return vs Industry: RENE underperformed the Portuguese Integrated Utilities industry which returned -0.1% over the past year.
Return vs Market: RENE exceeded the Portuguese Market which returned -4.3% over the past year.
Price Volatility Vs. Market
How volatile is REN - Redes Energéticas Nacionais SGPS's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIt Might Not Be A Great Idea To Buy REN - Redes Energéticas Nacionais, SGPS, S.A. (ELI:RENE) For Its Next Dividend
4 weeks ago | Simply Wall StREN - Redes Energéticas Nacionais SGPS (ELI:RENE) Has A Somewhat Strained Balance Sheet
Is REN - Redes Energéticas Nacionais SGPS undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RENE (€2.42) is trading below our estimate of fair value (€4.65)
Significantly Below Fair Value: RENE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RENE is good value based on its PE Ratio (13.3x) compared to the Integrated Utilities industry average (18.8x).
PE vs Market: RENE is poor value based on its PE Ratio (13.3x) compared to the Portuguese market (10.9x).
Price to Earnings Growth Ratio
PEG Ratio: RENE is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: RENE is good value based on its PB Ratio (0.7x) compared to the XE Integrated Utilities industry average (1.6x).
How is REN - Redes Energéticas Nacionais SGPS forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RENE's forecast earnings growth (4.9% per year) is above the savings rate (2.1%).
Earnings vs Market: RENE's earnings (4.9% per year) are forecast to grow slower than the Portuguese market (14.2% per year).
High Growth Earnings: RENE's earnings are forecast to grow, but not significantly.
Revenue vs Market: RENE's revenue is expected to decline over the next 3 years (-1.3% per year).
High Growth Revenue: RENE's revenue is forecast to decline over the next 3 years (-1.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RENE's Return on Equity is forecast to be low in 3 years time (8%).
How has REN - Redes Energéticas Nacionais SGPS performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RENE has high quality earnings.
Growing Profit Margin: RENE's current net profit margins (14.5%) are lower than last year (16.8%).
Past Earnings Growth Analysis
Earnings Trend: RENE's earnings have grown by 1.4% per year over the past 5 years.
Accelerating Growth: RENE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RENE had negative earnings growth (-5.1%) over the past year, making it difficult to compare to the Integrated Utilities industry average (4.6%).
Return on Equity
High ROE: RENE's Return on Equity (7.6%) is considered low.
How is REN - Redes Energéticas Nacionais SGPS's financial position?
Financial Position Analysis
Short Term Liabilities: RENE's short term assets (€382.6M) do not cover its short term liabilities (€1.2B).
Long Term Liabilities: RENE's short term assets (€382.6M) do not cover its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: RENE's debt to equity ratio (195.3%) is considered high.
Reducing Debt: RENE's debt to equity ratio has reduced from 226.4% to 195.3% over the past 5 years.
Debt Coverage: RENE's debt is not well covered by operating cash flow (13.7%).
Interest Coverage: RENE's interest payments on its debt are well covered by EBIT (4.3x coverage).
What is REN - Redes Energéticas Nacionais SGPS's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RENE's dividend (7.08%) is higher than the bottom 25% of dividend payers in the Portuguese market (2.89%).
High Dividend: RENE's dividend (7.08%) is in the top 25% of dividend payers in the Portuguese market (6.99%)
Stability and Growth of Payments
Stable Dividend: RENE's dividends per share have been stable in the past 10 years.
Growing Dividend: RENE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (94.1%), RENE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RENE's dividends in 3 years are not forecast to be well covered by earnings (95.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Rodrigo de Araújo Costa (60yo)
Mr. Rodrigo Jorge de Araújo Costa has been Chairman of the Board of REN - Redes Energéticas Nacionais, SGPS, S.A. since April 2015 and its Chief Executive Officer since February 2015. Mr. de Araújo Costa s ...
CEO Compensation Analysis
Compensation vs Market: Rodrigo's total compensation ($USD960.75K) is about average for companies of similar size in the Portuguese market ($USD950.35K).
Compensation vs Earnings: Rodrigo's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chairman & CEO||5.25yrs||€874.57k||no data|
|CFO & Executive Director||8.33yrs||€707.33k||no data|
|COO & Executive Director||11yrs||€707.33k||0.000080% €1.3k|
|Non-Executive Director||5.33yrs||€40.66k||no data|
|Independent Non-Executive Director||5.33yrs||€82.91k||0.0053% €84.6k|
|Vice Chairman of the Board||8.17yrs||€80.81k||no data|
|Non-Executive Director||8.17yrs||€36.36k||no data|
|Independent Non-Executive Director||7.92yrs||€36.36k||0.000070% €1.1k|
|Non-Executive Director||5.33yrs||€40.66k||no data|
|Independent Non-Executive Director||5.33yrs||€60.61k||no data|
Experienced Board: RENE's board of directors are considered experienced (6.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
REN - Redes Energéticas Nacionais, SGPS, S.A.'s company bio, employee growth, exchange listings and data sources
- Name: REN - Redes Energéticas Nacionais, SGPS, S.A.
- Ticker: RENE
- Exchange: ENXTLS
- Founded: 1994
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: €1.602b
- Shares outstanding: 663.31m
- Website: https://www.ren.pt
Number of Employees
- REN - Redes Energéticas Nacionais, SGPS, S.A.
- Avenida Estados Unidos da AmErica, 55
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RENE||ENXTLS (Euronext Lisbon)||Yes||Class A Ordinary Shares||PT||EUR||Jul 2007|
|RN4||DB (Deutsche Boerse AG)||Yes||Class A Ordinary Shares||DE||EUR||Jul 2007|
|0KBT||LSE (London Stock Exchange)||Yes||Class A Ordinary Shares||GB||EUR||Jul 2007|
|RENEU||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class A Ordinary Shares||GB||EUR||Jul 2007|
|RENE N||BMV (Bolsa Mexicana de Valores)||Yes||Class A Ordinary Shares||MX||MXN||Jul 2007|
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 for the production of electric energy from ocean waves; and operates a telecommunications network. It also operates liquefied natural gas terminal maintenance and regasification facilities; manages projects and ventures in the natural gas sector; provides underground storage development, maintenance, and operation services; offers natural gas transport and management services; and distributes natural gas, as well as provides communication and sustainability, marketing, business management, business development and consulting, and IT project services. In addition, the company invests in assets, shares, companies, and associations; and transmits and transforms electricity in Chile. It operates national electricity transmission network with 9,002 kilometers in lines, 68 substations, and 14 switching and transition stations; and national natural gas transmission network with 1,375 kilometers of high-pressure gas pipelines, 66 junction stations for pipeline branching, 45 block valve stations, 5 T-branch interconnection stations, 85 gas pressure regulating and metering stations, and 2 custody transfer stations. The company was founded in 1994 and is headquartered in Lisbon, Portugal.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 07:44|
|End of Day Share Price||2020/05/27 00:00|
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.