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EDP Renovaveis SA EDPR

Morningstar Rating
€13.55 −0.16 (1.17%)
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Company Report

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

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.

Price vs Fair Value

EDPR is trading at a 553% premium.
Price
€13.71
Fair Value
€53.00
Uncertainty
Medium
1-Star Price
€76.65
5-Star Price
€93.50
Economic Moat
Zrm
Capital Allocation
Dymmdghfp

Bulls Say, Bears Say

Bulls

As one of the leading renewable players in the US, EDP Renovaveis is well positioned to benefit from the Inflation Reduction Act.

Bears

Declining European wholesale power prices will weigh on earnings as of 2024.

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News

Trading Information

Previous Close Price
€13.71
Day Range
€13.4613.71
52-Week Range
€11.9119.53
Bid/Ask
€13.45 / €13.74
Market Cap
€14.09 Bil
Volume/Avg
811,472 / 1.0 Mil

Key Statistics

Price/Earnings (Normalized)
85.28
Price/Sales
6.27
Dividend Yield (Trailing)
1.47%
Dividend Yield (Forward)
1.47%
Total Yield
1.47%

Company Profile

EDP Renovaveis, a 71%-owned subsidiary of integrated Portuguese utility EDP, was created in 2007. It builds, develops, and operates renewables plants, mostly wind and solar. With 16.6 GW of net installed capacity at the end of 2023, EDP Renovaveis is the fourth-largest renewables player in the world and the third-largest in the US and Europe. The group’s plants are mainly located in the US, Spain, Portugal, Poland, and Brazil.
Sector
Utilities
Industry
Utilities - Renewable
Stock Style Box
Large Growth
Total Number of Employees
3,076

Competitors

Valuation

Metric
EDPR
ANE
RWE
Price/Earnings (Normalized)
85.2815.7446.91
Price/Book Value
1.291.110.77
Price/Sales
6.271.830.99
Price/Cash Flow
21.588.9512.05
Price/Earnings
EDPR
ANE
RWE

Financial Strength

Metric
EDPR
ANE
RWE
Quick Ratio
0.470.820.56
Current Ratio
0.661.101.56
Interest Coverage
1.856.983.75
Quick Ratio
EDPR
ANE
RWE

Profitability

Metric
EDPR
ANE
RWE
Return on Assets (Normalized)
1.08%3.50%1.36%
Return on Equity (Normalized)
2.97%8.00%4.64%
Return on Invested Capital (Normalized)
3.35%5.32%2.60%
Return on Assets
EDPR
ANE
RWE
See how this stock stacks up to its competitors with Morningstar Investor

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