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EDP RENOVAVEIS SA (EDPR.LS) Stock Fundamental Analysis

ELI:EDPR - Euronext Lisbon - ES0127797019 - Common Stock - Currency: EUR

8.23  +0.29 (+3.59%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to EDPR. EDPR was compared to 22 industry peers in the Independent Power and Renewable Electricity Producers industry. EDPR scores excellent on profitability, but there are concerns on its financial health. EDPR does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

EDPR had positive earnings in the past year.
EDPR had a positive operating cash flow in the past year.
EDPR had positive earnings in each of the past 5 years.
Each year in the past 5 years EDPR had a positive operating cash flow.
EDPR.LS Yearly Net Income VS EBIT VS OCF VS FCFEDPR.LS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B -1B -2B -3B

1.2 Ratios

EDPR has a Return On Assets of 2.86%. This is amongst the best in the industry. EDPR outperforms 81.82% of its industry peers.
The Return On Equity of EDPR (7.68%) is better than 77.27% of its industry peers.
EDPR has a better Return On Invested Capital (4.27%) than 81.82% of its industry peers.
EDPR had an Average Return On Invested Capital over the past 3 years of 2.69%. This is below the industry average of 6.06%.
The last Return On Invested Capital (4.27%) for EDPR is above the 3 year average (2.69%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.86%
ROE 7.68%
ROIC 4.27%
ROA(3y)2.08%
ROA(5y)2.4%
ROE(3y)5.7%
ROE(5y)6.29%
ROIC(3y)2.69%
ROIC(5y)3.11%
EDPR.LS Yearly ROA, ROE, ROICEDPR.LS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6

1.3 Margins

EDPR has a better Profit Margin (26.58%) than 81.82% of its industry peers.
EDPR's Profit Margin has declined in the last couple of years.
EDPR has a better Operating Margin (39.56%) than 72.73% of its industry peers.
In the last couple of years the Operating Margin of EDPR has declined.
The Gross Margin of EDPR (78.79%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of EDPR has remained more or less at the same level.
Industry RankSector Rank
OM 39.56%
PM (TTM) 26.58%
GM 78.79%
OM growth 3Y-11.51%
OM growth 5Y-8.74%
PM growth 3Y-24.53%
PM growth 5Y-5.66%
GM growth 3Y-1.38%
GM growth 5Y-0.7%
EDPR.LS Yearly Profit, Operating, Gross MarginsEDPR.LS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60 80

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1

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EDPR is destroying value.
EDPR has more shares outstanding than it did 1 year ago.
The number of shares outstanding for EDPR has been increased compared to 5 years ago.
Compared to 1 year ago, EDPR has a worse debt to assets ratio.
EDPR.LS Yearly Shares OutstandingEDPR.LS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B
EDPR.LS Yearly Total Debt VS Total AssetsEDPR.LS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B

2.2 Solvency

Based on the Altman-Z score of 0.63, we must say that EDPR is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of EDPR (0.63) is comparable to the rest of the industry.
EDPR has a Debt/Equity ratio of 0.65. This is a neutral value indicating EDPR is somewhat dependend on debt financing.
EDPR has a better Debt to Equity ratio (0.65) than 68.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Altman-Z 0.63
ROIC/WACC0.7
WACC6.09%
EDPR.LS Yearly LT Debt VS Equity VS FCFEDPR.LS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B

2.3 Liquidity

EDPR has a Current Ratio of 0.62. This is a bad value and indicates that EDPR is not financially healthy enough and could expect problems in meeting its short term obligations.
EDPR has a Current ratio of 0.62. This is in the lower half of the industry: EDPR underperforms 77.27% of its industry peers.
EDPR has a Quick Ratio of 0.62. This is a bad value and indicates that EDPR is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.55, EDPR is not doing good in the industry: 81.82% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.62
Quick Ratio 0.55
EDPR.LS Yearly Current Assets VS Current LiabilitesEDPR.LS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

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3

3. Growth

3.1 Past

EDPR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -73.67%.
Measured over the past years, EDPR shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.18% on average per year.
The Revenue has decreased by -3.37% in the past year.
Measured over the past years, EDPR shows a small growth in Revenue. The Revenue has been growing by 5.70% on average per year.
EPS 1Y (TTM)-73.67%
EPS 3Y-21.37%
EPS 5Y-3.18%
EPS Q2Q%-67.92%
Revenue 1Y (TTM)-3.37%
Revenue growth 3Y8.96%
Revenue growth 5Y5.7%
Sales Q2Q%21.78%

3.2 Future

Based on estimates for the next years, EDPR will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.80% on average per year.
Based on estimates for the next years, EDPR will show a small growth in Revenue. The Revenue will grow by 6.71% on average per year.
EPS Next Y-22.61%
EPS Next 2Y20.95%
EPS Next 3Y23.51%
EPS Next 5Y16.8%
Revenue Next Year-0.12%
Revenue Next 2Y6.19%
Revenue Next 3Y6.07%
Revenue Next 5Y6.71%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
EDPR.LS Yearly Revenue VS EstimatesEDPR.LS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1B 2B 3B 4B
EDPR.LS Yearly EPS VS EstimatesEDPR.LS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0.2 0.4 0.6 0.8 1

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2

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 48.41, the valuation of EDPR can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of EDPR is on the same level as its industry peers.
EDPR's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 29.35.
EDPR is valuated rather expensively with a Price/Forward Earnings ratio of 18.37.
Based on the Price/Forward Earnings ratio, EDPR is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
EDPR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 48.41
Fwd PE 18.37
EDPR.LS Price Earnings VS Forward Price EarningsEDPR.LS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
EDPR.LS Per share dataEDPR.LS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

The decent profitability rating of EDPR may justify a higher PE ratio.
A more expensive valuation may be justified as EDPR's earnings are expected to grow with 23.51% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y20.95%
EPS Next 3Y23.51%

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3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.53%, EDPR has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.02, EDPR has a dividend in line with its industry peers.
EDPR's Dividend Yield is comparable with the S&P500 average which is at 2.33.
Industry RankSector Rank
Dividend Yield 2.53%

5.2 History

The dividend of EDPR decreases each year by -12.37%.
Dividend Growth(5Y)-12.37%
Div Incr Years1
Div Non Decr Years1
EDPR.LS Yearly Dividends per shareEDPR.LS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

6.51% of the earnings are spent on dividend by EDPR. This is a low number and sustainable payout ratio.
DP6.51%
EPS Next 2Y20.95%
EPS Next 3Y23.51%
EDPR.LS Yearly Income VS Free CF VS DividendEDPR.LS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -1B -2B -3B
EDPR.LS Dividend Payout.EDPR.LS Dividend Payout, showing the Payout Ratio.EDPR.LS Dividend Payout.PayoutRetained Earnings

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EDP RENOVAVEIS SA

ELI:EDPR (3/7/2025, 7:00:00 PM)

8.23

+0.29 (+3.59%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)02-26 2025-02-26/amc
Earnings (Next)05-08 2025-05-08
Inst Owners23.1%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap8.56B
Analysts77.33
Price Target13.05 (58.57%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.53%
Yearly Dividend0.07
Dividend Growth(5Y)-12.37%
DP6.51%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)121.64%
Min EPS beat(2)-5.9%
Max EPS beat(2)249.18%
EPS beat(4)2
Avg EPS beat(4)198.55%
Min EPS beat(4)-117.85%
Max EPS beat(4)668.74%
EPS beat(8)6
Avg EPS beat(8)165.22%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.47%
Min Revenue beat(2)-2.19%
Max Revenue beat(2)1.25%
Revenue beat(4)1
Avg Revenue beat(4)-5.4%
Min Revenue beat(4)-19.72%
Max Revenue beat(4)1.25%
Revenue beat(8)5
Avg Revenue beat(8)61.35%
Revenue beat(12)8
Avg Revenue beat(12)59.84%
Revenue beat(16)10
Avg Revenue beat(16)54.44%
PT rev (1m)-8.43%
PT rev (3m)-17.01%
EPS NQ rev (1m)-8.31%
EPS NQ rev (3m)-8.31%
EPS NY rev (1m)-4.07%
EPS NY rev (3m)-38.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-1.43%
Revenue NY rev (3m)-2.97%
Valuation
Industry RankSector Rank
PE 48.41
Fwd PE 18.37
P/S 2.61
P/FCF N/A
P/OCF 10.85
P/B 0.75
P/tB 0.98
EV/EBITDA N/A
EPS(TTM)0.17
EY2.07%
EPS(NY)0.45
Fwd EY5.44%
FCF(TTM)-3.49
FCFYN/A
OCF(TTM)0.76
OCFY9.21%
SpS3.16
BVpS10.93
TBVpS8.4
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.86%
ROE 7.68%
ROCE 5.1%
ROIC 4.27%
ROICexc 4.39%
ROICexgc 4.91%
OM 39.56%
PM (TTM) 26.58%
GM 78.79%
FCFM N/A
ROA(3y)2.08%
ROA(5y)2.4%
ROE(3y)5.7%
ROE(5y)6.29%
ROIC(3y)2.69%
ROIC(5y)3.11%
ROICexc(3y)2.89%
ROICexc(5y)3.3%
ROICexgc(3y)3.26%
ROICexgc(5y)3.69%
ROCE(3y)3.21%
ROCE(5y)3.71%
ROICexcg growth 3Y-15.85%
ROICexcg growth 5Y-11.55%
ROICexc growth 3Y-16.22%
ROICexc growth 5Y-11.69%
OM growth 3Y-11.51%
OM growth 5Y-8.74%
PM growth 3Y-24.53%
PM growth 5Y-5.66%
GM growth 3Y-1.38%
GM growth 5Y-0.7%
F-Score4
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 134.46%
Interest Coverage 250
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.62
Quick Ratio 0.55
Altman-Z 0.63
F-Score4
WACC6.09%
ROIC/WACC0.7
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)139.26%
Cap/Sales(5y)114.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-73.67%
EPS 3Y-21.37%
EPS 5Y-3.18%
EPS Q2Q%-67.92%
EPS Next Y-22.61%
EPS Next 2Y20.95%
EPS Next 3Y23.51%
EPS Next 5Y16.8%
Revenue 1Y (TTM)-3.37%
Revenue growth 3Y8.96%
Revenue growth 5Y5.7%
Sales Q2Q%21.78%
Revenue Next Year-0.12%
Revenue Next 2Y6.19%
Revenue Next 3Y6.07%
Revenue Next 5Y6.71%
EBIT growth 1Y0.51%
EBIT growth 3Y-3.58%
EBIT growth 5Y-3.53%
EBIT Next Year48.36%
EBIT Next 3Y24.34%
EBIT Next 5Y15.76%
FCF growth 1Y-455.78%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y64.52%
OCF growth 3Y-2.37%
OCF growth 5Y-3.03%