Red Electrica Corporacion SA
MAD:RED

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Red Electrica Corporacion SA
MAD:RED
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Price: 17.8 EUR -3.78% Market Closed
Market Cap: 9.6B EUR

Relative Value

The Relative Value of one RED stock under the Base Case scenario is 21.85 EUR. Compared to the current market price of 17.8 EUR, Red Electrica Corporacion SA is Undervalued by 19%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

RED Relative Value
Base Case
21.85 EUR
Undervaluation 19%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
1
vs Industry
11
Median 3Y
4.5
Median 5Y
4.3
Industry
1.7
Forward
5.6
vs History
1
vs Industry
17
Median 3Y
13.5
Median 5Y
12.7
Industry
14.9
Forward
18.6
vs History
17
vs Industry
26
Median 3Y
8.8
Median 5Y
6.2
Industry
6.8
vs History
11
vs Industry
27
Median 3Y
8.2
Median 5Y
-7.5
Industry
14
vs History
30
vs Industry
30
Median 3Y
1.7
Median 5Y
1.7
Industry
1.4
vs History
1
vs Industry
10
Median 3Y
5.8
Median 5Y
4.5
Industry
2.8
Forward
8
vs History
1
vs Industry
42
Median 3Y
5.8
Median 5Y
4.4
Industry
7.4
vs History
6
vs Industry
35
Median 3Y
9.7
Median 5Y
8.6
Industry
10.3
Forward
10.7
vs History
1
vs Industry
28
Median 3Y
13.1
Median 5Y
9.8
Industry
14.9
Forward
17
vs History
15
vs Industry
29
Median 3Y
10.3
Median 5Y
6.9
Industry
10.8
vs History
vs Industry
27
Median 3Y
6.9
Median 5Y
-17.6
Industry
16.9
vs History
11
vs Industry
36
Median 3Y
0.9
Median 5Y
0.7
Industry
0.9

Multiples Across Competitors

RED Competitors Multiples
Red Electrica Corporacion SA Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
ES
Red Electrica Corporacion SA
MAD:RED
9.6B EUR 6 26.1 11.8 19.5
US
Nextera Energy Inc
NYSE:NEE
138.1B USD 5.5 25.1 16.3 29.5
ES
Iberdrola SA
MAD:IBE
98.7B EUR 2.2 17.6 7.5 12.5
US
Southern Co
NYSE:SO
100.1B USD 3.7 22.7 12.9 22.6
US
Duke Energy Corp
NYSE:DUK
94.3B USD 3.1 21.4 12.1 21.9
IT
Enel SpA
MIL:ENEL
77.9B EUR 1.1 11.1 6.3 9.8
US
Constellation Energy Corp
NASDAQ:CEG
77.4B USD 3.3 20.6 11.7 19.1
US
American Electric Power Company Inc
NASDAQ:AEP
57.4B USD 2.9 19.3 12.6 22.2
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
46.7B USD 2 19 11.6 21.3
US
Xcel Energy Inc
NASDAQ:XEL
40.8B USD 3 21.1 13.1 29.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
ES
Red Electrica Corporacion SA
MAD:RED
Average EV/EBITDA: 11.6
11.8
10%
1.2
US
Nextera Energy Inc
NYSE:NEE
16.3
19%
0.9
ES
Iberdrola SA
MAD:IBE
7.5
0%
N/A
US
Southern Co
NYSE:SO
12.9
7%
1.8
US
Duke Energy Corp
NYSE:DUK
12.1
7%
1.7
IT
Enel SpA
MIL:ENEL
6.3
7%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
11.7
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.6
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11.6
9%
1.3
US
Xcel Energy Inc
NASDAQ:XEL
13.1
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
ES
Red Electrica Corporacion SA
MAD:RED
Average EV/EBIT: 20.8
19.5
13%
1.5
US
Nextera Energy Inc
NYSE:NEE
29.5
23%
1.3
ES
Iberdrola SA
MAD:IBE
12.5
2%
6.2
US
Southern Co
NYSE:SO
22.6
8%
2.8
US
Duke Energy Corp
NYSE:DUK
21.9
10%
2.2
IT
Enel SpA
MIL:ENEL
9.8
7%
1.4
US
Constellation Energy Corp
NASDAQ:CEG
19.1
4%
4.8
US
American Electric Power Company Inc
NASDAQ:AEP
22.2
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
21.3
10%
2.1
US
Xcel Energy Inc
NASDAQ:XEL
29.3
22%
1.3