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REN Redes Energeticas Nacionais SGPS S A
XMUN:RN4

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REN Redes Energeticas Nacionais SGPS S A
XMUN:RN4
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Price: 3.725 EUR Market Closed
Market Cap: €2.5B

P/E

15.5
Current
68%
More Expensive
vs 3-y average of 9.2

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
15.5
=
Market Cap
€2.6B
/
Net Income
€159.8m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
15.5
=
Market Cap
€2.6B
/
Net Income
€159.8m

Valuation Scenarios

REN Redes Energeticas Nacionais SGPS S A is trading above its 3-year average

If P/E returns to its 3-Year Average (9.2), the stock would be worth €2.22 (40% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-40%
Maximum Upside
+67%
Average Downside
6%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 15.5 €3.73
0%
3-Year Average 9.2 €2.22
-40%
5-Year Average 10 €2.42
-35%
Industry Average 25.9 €6.23
+67%
Country Average 12.9 €3.12
-16%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
€2.6B
/
Jan 2026
€159.8m
=
15.5
Current
€2.6B
/
Dec 2026
€155.8m
=
16.5
Forward
€2.6B
/
Dec 2027
€158m
=
16.2
Forward
€2.6B
/
Dec 2028
€156.5m
=
16.4
Forward
€2.6B
/
Dec 2029
€149m
=
17.2
Forward
€2.6B
/
Dec 2030
€162.8m
=
15.8
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

In line with most companies in Portugal
Percentile
61th
Based on 123 companies
61th percentile
15.5
Low
0.2 — 9.9
Typical Range
9.9 — 20.1
High
20.1 —
Distribution Statistics
Portugal
Min 0.2
30th Percentile 9.9
Median 12.9
70th Percentile 20.1
Max 585.8

REN Redes Energeticas Nacionais SGPS S A
Glance View

Market Cap
2.5B EUR
Industry
Utilities

In the heart of Portugal's energy infrastructure stands REN - Redes Energéticas Nacionais SGPS S.A., a stalwart orchestrating the symphony of electricity and natural gas throughout the nation. Established with a mandate to ensure seamless energy flow, REN operates the backbone of the Portuguese energy system, managing both the National Electricity Transmission Network and the high-pressure natural gas transport infrastructure. From its headquarters in Lisbon, REN navigates the labyrinthine challenges of energy transmission, ensuring stability and reliability in a sector that demands precision. The company's vigilant oversight guarantees that electricity and gas traverse the arteries of Portugal with minimal interruption, showcasing a deep-rooted commitment to energy security. Monetization, for REN, emerges from a well-calibrated blend of regulated revenues, primarily derived from tariffs set by the Portuguese energy regulator. These tariffs grant REN a stable income while incentivizing efficiency and network improvements. Beyond the traditional realm of energy transmission, REN strategically diversifies into ancillary services and consultancy, ensuring it stays nimble amidst evolving market dynamics. The company also invests in international ventures, seeking growth and exposure outside the Portuguese borders. By combining operational excellence with strategic foresight, REN not only profits from its infrastructure management but also positions itself as a forward-thinking entity in the ever-evolving energy landscape.

RN4 Intrinsic Value
3.492 EUR
Overvaluation 6%
Intrinsic Value
Price €3.725
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