Upcoming Dividend • Jun 25
Upcoming dividend of €0.49 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 01 July 2026. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.6%). Board Change • Jun 01
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Marta de la Cuesta Gonzalez was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 20
Dividend of €0.49 announced Shareholders will receive a dividend of €0.49. Ex-date: 29th June 2026 Payment date: 1st July 2026 Dividend yield will be 4.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 11
Redeia Corporación, S.A., Annual General Meeting, May 12, 2026 Redeia Corporación, S.A., Annual General Meeting, May 12, 2026. Duyuru • May 28
Redeia Corporación, S.A., Annual General Meeting, Jun 30, 2025 Redeia Corporación, S.A., Annual General Meeting, Jun 30, 2025. Duyuru • Jan 23
Redeia Corporación, S.A. to Report Nine Months, 2025 Results on Oct 29, 2025 Redeia Corporación, S.A. announced that they will report nine months, 2025 results on Oct 29, 2025 Duyuru • Jan 15
Redeia Corporación, S.A. to Report Fiscal Year 2024 Results on Feb 26, 2025 Redeia Corporación, S.A. announced that they will report fiscal year 2024 results on Feb 26, 2025 New Risk • Nov 06
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Declared Dividend • Nov 04
Dividend of €0.16 announced Shareholders will receive a dividend of €0.16. Ex-date: 3rd January 2025 Payment date: 7th January 2025 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.26. Revenue: €469.5m (down 12% from 3Q 2023). Net income: €139.5m (down 23% from 3Q 2023). Profit margin: 30% (down from 34% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. New Risk • Aug 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €507.5m (up 3.6% from 2Q 2023). Net income: €137.0m (down 21% from 2Q 2023). Profit margin: 27% (down from 36% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. Proprietary Director Esther Maria Martinez was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 07
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Duyuru • May 03
Redeia Corporación, S.A., Annual General Meeting, Jun 03, 2024 Redeia Corporación, S.A., Annual General Meeting, Jun 03, 2024, at 11:00 Central European Standard Time. Location: office located at Paseo del Conde de los Gaitanes 177, Alcobendas, Madrid Madrid Spain Agenda: To consider and approve, if applicable, the financial statements; to consider Examine and approve, if applicable, the Consolidated Financial Statements and the Consolidated Directors Report of the Group Consolidated of company and subsidiaries for 2023; to consider Examine and approve, if applicable, the proposed allocation of profits for the year ended 31 december 2023 and distribution of dividends; and to consider other business matters. Reported Earnings • May 01
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.24. Revenue: €488.4m (down 14% from 1Q 2023). Net income: €132.3m (down 27% from 1Q 2023). Profit margin: 27% (down from 32% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. New Risk • Mar 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Declared Dividend • Mar 01
Final dividend of €0.59 announced Shareholders will receive a dividend of €0.59. Ex-date: 27th June 2024 Payment date: 1st July 2024 Dividend yield will be 5.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 29
Full year 2023 earnings released Full year 2023 results: Revenue: €2.19b (up 5.3% from FY 2022). Net income: €689.6m (up 3.7% from FY 2022). Profit margin: 32% (in line with FY 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Europe. Buy Or Sell Opportunity • Feb 22
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €14.98. The fair value is estimated to be €18.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are forecast to decline by 2.7% per annum over the same time period. Duyuru • Dec 27
Redeia Corporación, S.A. to Report Fiscal Year 2023 Results on Feb 28, 2024 Redeia Corporación, S.A. announced that they will report fiscal year 2023 results on Feb 28, 2024 Upcoming Dividend • Dec 27
Upcoming dividend of €0.22 per share at 6.7% yield Eligible shareholders must have bought the stock before 03 January 2024. Payment date: 05 January 2024. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.7%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (5.4%). Reported Earnings • Nov 03
Third quarter 2023 earnings released Third quarter 2023 results: EPS: €0.34. Revenue: €624.8m (up 20% from 3Q 2022). Net income: €181.0m (down 4.0% from 3Q 2022). Profit margin: 29% (down from 36% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.9% decline forecast for the Electric Utilities industry in Europe. Duyuru • Sep 23
Redeia Corporación, S.A. to Report Nine Months, 2023 Results on Oct 31, 2023 Redeia Corporación, S.A. announced that they will report nine months, 2023 results on Oct 31, 2023 New Risk • Jul 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 6.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (128% cash payout ratio). Reported Earnings • Jul 27
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €524.8m (up 1.1% from 2Q 2022). Net income: €173.9m (down 3.9% from 2Q 2022). Profit margin: 33% (down from 35% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Jun 22
Upcoming dividend of €0.59 per share at 6.2% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 03 July 2023. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.9%). Reported Earnings • Apr 28
First quarter 2023 earnings released First quarter 2023 results: EPS: €0.33. Revenue: €565.8m (up 9.8% from 1Q 2022). Net income: €180.4m (flat on 1Q 2022). Profit margin: 32% (down from 35% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.5% decline forecast for the Electric Utilities industry in Europe. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: €1.23 (vs €1.26 in FY 2021) Full year 2022 results: EPS: €1.23 (down from €1.26 in FY 2021). Revenue: €2.08b (up 3.4% from FY 2021). Net income: €664.7m (down 2.3% from FY 2021). Profit margin: 32% (down from 34% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 2.2% p.a. on average during the next 3 years compared to a 3.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Dec 29
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 09 January 2023. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 6.1%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (4.4%). Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Esther Rituerto Martinez was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 28
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €546.9m (up 8.3% from 2Q 2021). Net income: €180.9m (up 2.2% from 2Q 2021). Profit margin: 33% (down from 35% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 1.9% compared to a 1.5% growth forecast for the industry in Germany. Upcoming Dividend • Jun 22
Upcoming dividend of €0.59 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 July 2022. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (4.5%). Reported Earnings • Apr 28
First quarter 2022 earnings released First quarter 2022 results: EPS: €0.34. Revenue: €515.2m (up 4.0% from 1Q 2021). Net income: €182.1m (flat on 1Q 2021). Profit margin: 35% (down from 37% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 1.8% compared to a 4.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. External Independent Director Marcos Vaquer Caballeria was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €1.26 (up from €1.15 in FY 2020). Revenue: €2.01b (down 1.7% from FY 2020). Net income: €680.6m (up 9.6% from FY 2020). Profit margin: 34% (up from 30% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 1.2% compared to a 6.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Dec 29
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 05 January 2022. Payment date: 07 January 2022. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 5.4%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.9%). Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS €0.36 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €505.6m (up 1.2% from 3Q 2020). Net income: €192.6m (up 9.9% from 3Q 2020). Profit margin: 38% (up from 35% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS €0.33 (vs €0.29 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €504.8m (up 3.0% from 2Q 2020). Net income: €177.1m (up 11% from 2Q 2020). Profit margin: 35% (up from 33% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Jun 23
Upcoming dividend of €0.59 per share Eligible shareholders must have bought the stock before 30 June 2021. Payment date: 02 July 2021. Trailing yield: 6.0%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS €0.34 The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €495.2m (down 3.7% from 1Q 2020). Net income: €181.1m (up 4.9% from 1Q 2020). Profit margin: 37% (up from 34% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS €1.15 (vs €1.33 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €2.07b (flat on FY 2019). Net income: €621.2m (down 14% from FY 2019). Profit margin: 30% (down from 35% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue misses expectations Revenue missed analyst estimates by 2.2%. Over the next year, revenue is expected to shrink by 5.9% compared to a 15% growth forecast for the Electric Utilities industry in Germany. Is New 90 Day High Low • Feb 23
New 90-day low: €14.67 The company is down 14% from its price of €17.13 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.44 per share. Is New 90 Day High Low • Feb 05
New 90-day low: €15.45 The company is down 3.0% from its price of €15.92 on 06 November 2020. The German market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.08 per share. Upcoming Dividend • Dec 29
Upcoming Dividend of €0.22 Per Share Will be paid on the 7th of January to those who are registered shareholders by the 5th of January. The trailing yield of 6.2% is in the top quartile of German dividend payers (3.6%), and it is higher than industry peers (3.5%). Is New 90 Day High Low • Dec 15
New 90-day high: €17.20 The company is up 6.0% from its price of €16.22 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electric Utilities industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.95 per share. Is New 90 Day High Low • Nov 16
New 90-day high: €16.51 The company is up 2.0% from its price of €16.26 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electric Utilities industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.03 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €14.99 The company is down 9.0% from its price of €16.53 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.97 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of €695.8m, down 2.4% from the prior year. Total revenue was €2.06b over the last 12 months, up 2.4% from the prior year. Is New 90 Day High Low • Oct 12
New 90-day low: €15.71 The company is down 6.0% from its price of €16.78 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.79 per share. Is New 90 Day High Low • Sep 25
New 90-day low: €15.82 The company is down 9.0% from its price of €17.41 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.99 per share. 
