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EDP - Energias de Portugal SA EDP

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Stock XLIS Rating as of
€3.67 −0.03 (0.73%)
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As of Delayed Price Closed
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Company Report

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European Utilities Edged Up in Q2 on Soaring Power Prices, High Interest Rates Still a Drag

Tancrede Fulop

Utilities have reversed part of their first quarter’s fall, thanks to a strong rebound in power prices. Moreover, the deep undervaluation of renewables developers has driven takeovers by big investment firms at very high multiples. Neoen’s main shareholders accepted an offer at 18 times the EBITDA. The sector is still significantly lagging the market in 2024 because of high interest rates. Should they fall, it would boost the sector.

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Price vs Fair Value

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EDP is trading at a 425% premium.
Price
€3.67
Fair Value
€2.00
Uncertainty
Medium
1-Star Price
€2.21
5-Star Price
€8.50
Economic Moat
Cby
Capital Allocation
Sllrqwvc

Bulls Say, Bears Say

Bulls

Being an early mover, EDP has an attractive portfolio of renewables assets, especially in the US

Bears

The Spanish networks' regulatory regime allows only limited pass through of inflation.

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News

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Trading Information

Previous Close Price
€3.70
Day Range
€3.65–3.72
52-Week Range
€3.45–4.71
Bid/Ask
€3.65 / €3.71
Market Cap
€15.28 Bil
Volume/Avg
11.6 Mil / 9.8 Mil

Key Statistics

Price/Earnings (Normalized)
16.44
Price/Sales
0.99
Dividend Yield (Trailing)
5.31%
Dividend Yield (Forward)
5.31%
Total Yield
18.58%

Company Profile

EDP is a vertically integrated utility company and is the largest generator, supplier, and distributor of electricity in Portugal. In addition to Portugal, EDP has sizable operations in Spain, Brazil, and the US EDP owns 71% of EDP Renovaveis, the fourth-largest wind power owner/operator in the world. EDP also owns 54% of Energias do Brasil, which it aims to delist by end-2023.
Sector
Utilities
Industry
Utilities - Diversified
Stock Style Box
Large Value
Total Number of Employees
12,925
Website
https://www.edp.com

Competitors

Valuation

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Metric
EDP
AES
ENEL
Price/Earnings (Normalized)
 16.449.469.14
Price/Book Value
 1.294.742.35
Price/Sales
 0.991.100.73
Price/Cash Flow
 4.634.594.22
Price/Earnings
EDP
AES
ENEL

Financial Strength

Metric
EDP
AES
ENEL
Quick Ratio
 0.740.440.60
Current Ratio
 0.930.780.88
Interest Coverage
 1.740.693.50
Quick Ratio
EDP
AES
ENEL

Profitability

Metric
EDP
AES
ENEL
Return on Assets (Normalized)
 2.57%3.59%3.49%
Return on Equity (Normalized)
 12.99%80.05%26.69%
Return on Invested Capital (Normalized)
 5.31%6.76%7.14%
Return on Assets
EDP
AES
ENEL
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Utilities - Diversified Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Iberdrola SA
IBDSF
—Mkq$81.8 Bil
 Iberdrola SA ADR
IBDRY
QRYrnl$81.8 Bil
 Enel SpA
ESOCF
SlnmcjfvBzxpt$69.1 Bil
 Enel SpA ADR
ENLAY
FfmrxzsHjz$69.1 Bil
 Sempra
SRE
RbkjrqhmHylpyj$48.1 Bil
 E.ON SE ADR
EONGY
VsvnbvkqMhbg$34.9 Bil
 E.ON SE
ENAKF
—Vyq$34.9 Bil
 Engie SA ADR
ENGIY
—Vyn$34.6 Bil
 Engie SA
ENGQF
—Gkvry$34.6 Bil
 The AES Corp
AES
GvvwvhgsfLnll$13.7 Bil

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