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Redeia Corporacion SA
SWB:RE21

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Redeia Corporacion SA
SWB:RE21
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Price: 14.91 EUR 0.68% Market Closed
Market Cap: €8.1B

P/B

1.5
Current
2%
Cheaper
vs 3-y average of 1.6

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.5
=
Market Cap
€8.1B
/
Total Equity
€5.2B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.5
=
Market Cap
€8.1B
/
Total Equity
€5.2B

Valuation Scenarios

Redeia Corporacion SA is trading below its 3-year average

If P/B returns to its 3-Year Average (1.6), the stock would be worth €15.17 (2% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+45%
Average Upside
21%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.5 €14.91
0%
3-Year Average 1.6 €15.17
+2%
5-Year Average 1.7 €16.48
+11%
Industry Average 2.2 €21.63
+45%
Country Average 2 €18.98
+27%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
ES
Redeia Corporacion SA
SWB:RE21
8B EUR 1.5 16
US
Nextera Energy Inc
NYSE:NEE
198.7B USD 3.6 24.3
ES
Iberdrola SA
MAD:IBE
128.8B EUR 2.2 20.6
IT
Enel SpA
MIL:ENEL
99.2B EUR 3.1 23.3
US
Constellation Energy Corp
NASDAQ:CEG
113.6B USD 6.7 42.2
US
Southern Co
NYSE:SO
102.7B USD 2.9 23.7
US
Duke Energy Corp
NYSE:DUK
99B USD 1.9 20.2
US
American Electric Power Company Inc
NASDAQ:AEP
72.9B USD 2.3 20.4
FR
Electricite de France SA
PAR:EDF
46.6B EUR 1.4 -2.5
US
Entergy Corp
NYSE:ETR
51.4B USD 3 29.2
US
Xcel Energy Inc
NASDAQ:XEL
49.4B USD 2.1 24.5

Market Distribution

In line with most companies in Spain
Percentile
39th
Based on 667 companies
39th percentile
1.5
Low
0.4 — 1.4
Typical Range
1.4 — 2.9
High
2.9 —
Distribution Statistics
Spain
Min 0.4
30th Percentile 1.4
Median 2
70th Percentile 2.9
Max 56.2

Redeia Corporacion SA
Glance View

Market Cap
8.1B EUR
Industry
Utilities

In the heart of Spain's thriving business landscape sits Redeia Corporación SA, a pivotal player in the world of energy and communications. Emerging as an essential infrastructure operator, Redeia's roots are deeply embedded in the nation's quest for energy security and sustainability. It operates primarily as the parent company of Red Eléctrica de España, the sole transmission service operator for Spain’s national electricity grid. At its core, Redeia plays the critical role of ensuring that electricity moves seamlessly from producers to consumers, efficiently managing the high-voltage transmission network. This responsibility positions it as a linchpin in the energy landscape, balancing supply and demand, integrating renewable energy sources, and contributing to the reduction of carbon emissions. Beyond electricity, Redeia has also expanded its reach into the telecommunications sector, capitalizing on its vast array of assets to enhance digital connectivity across its footprint. Through its subsidiary, Red Eléctrica Internacional, the company taps into international opportunities, leveraging its expertise in energy management beyond Spain’s borders. Moreover, its satellite business arm, Hispasat, further diversifies its revenue streams by providing innovative satellite-based communication services. Redeia's strategic blend of energy and telecommunications allows it to generate revenue through regulated activities in the energy sector and competitive ventures in telecommunications, ensuring a robust and diversified business model poised for future growth.

RE21 Intrinsic Value
16.59 EUR
Undervaluation 10%
Intrinsic Value
Price €14.91
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