0.64%
3.71%
3.26%
-0.63%
6.03%
-6.86%
-13.00%
AI Spotlight on RENE
Company Description
REN - Redes Energéticas Nacionais, SGPS, S.A., through its subsidiaries, engages in the transmission of electricity and natural gas in Portugal.It operates in two segments, Electricity and Gas; and Telecommunications.The company operates as a national electricity transmission network; purchases, sells, imports, and exports electricity and natural gas; manages a concession to operate a pilot area for the production of electric energy from ocean waves; and operates a telecommunications network.
It also operates liquefied natural gas terminal maintenance and regasification facilities; manages projects and ventures in the natural gas sector; provides underground storage development, maintenance, and operation services; offers natural gas transport and management services; and distributes natural gas, as well as provides communication and sustainability, marketing, business management, business development and consulting, and IT project services.In addition, the company invests in assets, shares, companies, and associations; transmits and transforms electricity in Chile, as well as participates, finances, collaborates, and conducts management of companies; and manages back offices.As of December 31, 2021, it operated national electricity transmission system with 8,907 kilometers in lines, 70 transformer substations, and 17 switching and transition stations; and national natural gas transmission network with 1,375 kilometers of high-pressure gas pipelines, 66 junction stations for pipeline branching, 45 block valve stations, 5 T-branch interconnection stations, 85 gas pressure regulating and metering stations, and 2 custody transfer stations.
The company was founded in 1994 and is headquartered in Lisbon, Portugal.
Market Data
| Last Price | 2.38 |
| Change Percentage | 0.64% |
| Open | 2.37 |
| Previous Close | 2.36 |
| Market Cap ( Millions) | 1575 |
| Volume | 784308 |
| Year High | 2.5 |
| Year Low | 2.12 |
| M A 50 | 2.33 |
| M A 200 | 2.35 |
Financial Ratios
| FCF Yield | 4.60% |
| Dividend Yield | 6.48% |
| ROE | 9.21% |
| Debt / Equity | 173.29% |
| Net Debt / EBIDTA | 520.90% |
| Price To Book | 1.14 |
| Price Earnings Ratio | 12.33 |
| Price To FCF | 21.76 |
| Price To sales | 1.66 |
| EV / EBITDA | 8.45 |
News
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Electricity
Expected Growth : 1.0 %
What the company do ?
Electricity from REN - Redes Energéticas Nacionais, SGPS, S.A. refers to the transmission and distribution of electricity in Portugal, ensuring a reliable and efficient energy supply.
Why we expect these perspectives ?
Electricity from REN - Redes Energéticas Nacionais, SGPS, S.A. growth driven by increasing renewable energy demand, government incentives for sustainable power, and grid expansion projects. Additionally, rising industrial and residential electricity consumption, coupled with REN's efficient transmission and distribution network, contribute to the 1.0% growth.
Segment n°2 -> Gas
Expected Growth : 0.8 %
What the company do ?
Gas from REN - Redes Energéticas Nacionais, SGPS, S.A. refers to the natural gas transmission and distribution services provided by REN, a Portuguese energy company.
Why we expect these perspectives ?
REN's 0.8% growth in Gas segment is driven by increasing demand for natural gas in Portugal, fueled by industrial and residential consumption. Additionally, REN's strategic investments in infrastructure and network expansion have improved efficiency and reliability, attracting new customers and increasing market share.
Segment n°3 -> Telecommunications
Expected Growth : 0.9 %
What the company do ?
Telecommunications from REN - Redes Energéticas Nacionais, SGPS, S.A. refers to the management of telecommunications infrastructure for the Portuguese national energy grid.
Why we expect these perspectives ?
REN's 0.9% growth in Telecommunications is driven by increasing demand for high-speed internet and data services, coupled with investments in 5G network infrastructure and fiber-optic expansion. Additionally, growing adoption of IoT devices and cloud computing services contribute to the segment's growth.
Segment n°4 -> Others
Expected Growth : 0.7 %
What the company do ?
Others from REN - Redes Energéticas Nacionais, SGPS, S.A. refers to non-energy related businesses, including telecommunications and other investments.
Why we expect these perspectives ?
REN's 0.7 growth is driven by increasing electricity transmission volumes, favorable regulatory framework, and cost savings from operational efficiency initiatives. Additionally, investments in grid modernization and expansion into renewable energy sources contribute to the company's growth momentum.
Ren - Redes Energéticas Nacionais, Sgps, S.A. Products
| Product Range | What is it ? |
|---|---|
| Transmission Services | REN operates and manages the high-voltage transmission grid, ensuring the safe and reliable transportation of electricity from power plants to the distribution grid. |
| Distribution Services | REN manages and operates the medium-voltage distribution grid, delivering electricity to end-consumers, including households, businesses, and industries. |
| System Operation Services | REN is responsible for the operational management of the national electricity system, ensuring the balance between electricity supply and demand in real-time. |
| Market Services | REN provides market services, including the management of the day-ahead and intraday markets, ensuring the efficient allocation of electricity resources. |
| Grid Connection Services | REN provides connection services, enabling the integration of new power plants, renewable energy sources, and other generation facilities into the grid. |
| Consulting and Engineering Services | REN provides consulting and engineering services, supporting the development of electricity infrastructure projects, including grid expansion and modernization. |
REN - Redes Energéticas Nacionais, SGPS, S.A.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for REN - Redes Energéticas Nacionais, SGPS, S.A. is medium due to the presence of alternative energy sources such as solar and wind power.
Bargaining Power Of Customers
The bargaining power of customers for REN - Redes Energéticas Nacionais, SGPS, S.A. is low due to the lack of alternative energy providers in the market.
Bargaining Power Of Suppliers
The bargaining power of suppliers for REN - Redes Energéticas Nacionais, SGPS, S.A. is medium due to the presence of multiple suppliers in the market.
Threat Of New Entrants
The threat of new entrants for REN - Redes Energéticas Nacionais, SGPS, S.A. is low due to the high barriers to entry in the energy transmission and distribution market.
Intensity Of Rivalry
The intensity of rivalry for REN - Redes Energéticas Nacionais, SGPS, S.A. is high due to the presence of multiple players in the energy transmission and distribution market.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 64.19% |
| Debt Cost | 3.95% |
| Equity Weight | 35.81% |
| Equity Cost | 5.22% |
| WACC | 4.40% |
| Leverage | 179.21% |
REN - Redes Energéticas Nacionais, SGPS, S.A. : Quality Control
REN - Redes Energéticas Nacionais, SGPS, S.A. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ENGI.PA | ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, Thermal, Supply, Nuclear, and Others segments. The Renewables segment comprises renewable … |
| TEP.L | Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well … |
| A2A.MI | A2A S.p.A. engages in the production, sale, and distribution of gas and electricity, and district heating in Italy and internationally. The company generates electricity through hydroelectric, thermoelectric, photovoltaic, cogeneration, waste … |
| ACE.MI | ACEA S.p.A., together with its subsidiaries, operates as a multi-utility company in Italy. The company operates through Environment, Commercial and Trading, Water, Energy Infrastructure, Engineering and Services, and Abroad segments. … |
| EVN.VI | EVN AG provides energy and environmental services for private and business customers, as well as municipalities in Austria, Bulgaria, Croatia, Germany, and Albania. The company operates through Energy, Generation, Networks, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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ENGIE
A-Score
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A2A
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1-Year Total Return ->
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ACEA
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4
REN
A-Score
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5
Telecom Plus
A-Score
1-Year Total Return ->
6
