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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 -0.67%
Market Cap: €2.5B

P/OCF

4.6
Current
56%
More Expensive
vs 3-y average of 2.9

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
4.6
=
Market Cap
€2.6B
/
Operating Cash Flow
€542.7m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
4.6
=
Market Cap
€2.6B
/
Operating Cash Flow
€542.7m

Valuation Scenarios

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

If P/OCF returns to its 3-Year Average (2.9), the stock would be worth €2.38 (36% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-46%
Maximum Upside
+26%
Average Downside
18%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 4.6 €3.73
0%
3-Year Average 2.9 €2.38
-36%
5-Year Average 2.5 €2.02
-46%
Industry Average 3.8 €3.09
-17%
Country Average 5.7 €4.7
+26%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
PT
REN Redes Energeticas Nacionais SGPS S A
XMUN:RN4
2.5B EUR 4.6 15.5
UK
National Grid PLC
LSE:NG
63.2B GBP 8 22.1
FR
Engie SA
PAR:ENGI
69.2B EUR -47.2 19.6
US
Sempra Energy
NYSE:SRE
60.3B USD 13.3 33.8
DE
E.ON SE
XETRA:EOAN
49.9B EUR 7.4 29.2
US
Dominion Energy Inc
NYSE:D
53.6B USD 10.2 18.5
US
Sempra
VSE:SREN
43.4B EUR 10.9 27.8
DE
RWE AG
XETRA:RWE
42.9B EUR 8.7 13.8
US
Public Service Enterprise Group Inc
NYSE:PEG
39.1B USD 12 18.8
US
Consolidated Edison Inc
NYSE:ED
39B USD 8.2 19.5
US
WEC Energy Group Inc
NYSE:WEC
36.9B USD 11.1 24

Market Distribution

In line with most companies in Portugal
Percentile
45th
Based on 110 companies
45th percentile
4.6
Low
2.1 — 3.8
Typical Range
3.8 — 6.2
High
6.2 —
Distribution Statistics
Portugal
Min 2.1
30th Percentile 3.8
Median 5.7
70th Percentile 6.2
Max 133.5

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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