Operating Margin

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Price: 15.92 EUR -0.72%

Market Cap: €18.7B

4.9%

Declining

by 2.1%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

4.9%

Operating Income

€2.7B

Revenue

€54.6B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

4.9%

Operating Income

€2.7B

Revenue

€54.6B

Peer Comparison

Country		Company	Market Cap	Operating Margin
ES		Repsol SA MAD:REP	18B EUR	Loading...
SA		Saudi Arabian Oil Co SAU:2222	6.7T SAR	Loading...
US		Exxon Mobil Corp NYSE:XOM	567.7B USD	Loading...
US		Chevron Corp NYSE:CVX	336.3B USD	Loading...
CN		PetroChina Co Ltd SSE:601857	1.9T CNY	Loading...
NL	R	Royal Dutch Shell PLC OTC:RYDAF	215B USD	Loading...
UK		Shell PLC LSE:SHEL	155.7B GBP	Loading...
FR		TotalEnergies SE PAR:TTE	127.6B EUR	Loading...
CN		China Petroleum & Chemical Corp SSE:600028	775.5B CNY	Loading...
UK		BP PLC LSE:BP	70.1B GBP	Loading...
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	455.7B BRL	Loading...

Market Distribution

Min	-2 951.2%
30th Percentile	4.9%
Median	12%
70th Percentile	19.6%
Max	143.7%

Other Profitability Ratios

Repsol SA
Glance View

Economic Moat

None

Market Cap

18.7B EUR

Industry

Energy

Once upon a time in the bustling corridors of the energy sector, Repsol SA was born—a Spanish multinational that navigated the waters of oil and gas with the finesse of an experienced mariner. Emerging from a country not traditionally known for its energy prowess, Repsol embarked on a journey to carve out its niche on the global stage. Incorporated in 1987, the company swiftly expanded its reach, both in exploratory and production activities. At its core, Repsol was a vertically integrated company, which meant it had its hands in every aspect of the oil and gas value chain, from exploration and production of crude oil and natural gas to refining them into the fuels and chemicals that power economies worldwide. This vertical integration allowed it to capture value at different stages of the energy supply chain and safeguard against market volatility. Thus, Repsol thrived not only on the raw value of hydrocarbons but also on its ability to refine, distribute, and commercialize these products. Beyond the basic mechanics of its business, Repsol has passionately pursued innovation and sustainability, navigating the delicate balance between growth and environmental stewardship. With operations spanning continents, Repsol invested in renewable energy sources, moving towards creating a diverse energy portfolio that includes solar, wind, and biofuels. The company's focus on technological advancement—such as developing carbon capture and storage techniques—sought not just profitability, but leadership in the transition to a lower-carbon economy. Its downstream segment, which involves refining and marketing, consistently contributed a significant share of its earnings, fueled by a diverse range of products ranging from fuels to petrochemicals. By innovatively straddling the line between traditional energy production and future-forward sustainability, Repsol carved a path forward in an industry at the crossroads of past convention and future imperatives.

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REP Intrinsic Value

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Repsol SA
XETRA:REP

Peer Comparison

Market Distribution

Other Profitability Ratios

Repsol SA
Glance View

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Repsol SA XETRA:REP