REDEIA CORP SA (RE21.DE) Stock Fundamental Analysis
FRA:RE21 - Deutsche Boerse Ag - ES0173093024 - Common Stock - Currency: EUR
We assign a fundamental rating of 4 out of 10 to RE21. RE21 was compared to 19 industry peers in the Electric Utilities industry. RE21 has a medium profitability rating, but doesn't score so well on its financial health evaluation. RE21 is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year RE21 was profitable.
In the past year RE21 had a positive cash flow from operations.
RE21 had positive earnings in each of the past 5 years.
Each year in the past 5 years RE21 had a positive operating cash flow.
1.2 Ratios
The Return On Assets of RE21 (2.44%) is comparable to the rest of the industry.
The Return On Equity of RE21 (7.15%) is worse than 78.95% of its industry peers.
The Return On Invested Capital of RE21 (4.57%) is comparable to the rest of the industry.
RE21 had an Average Return On Invested Capital over the past 3 years of 5.40%. This is below the industry average of 7.76%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.44% | ||
| ROE | 7.15% | ||
| ROIC | 4.57% |
ROA(3y)3.9%
ROA(5y)4.28%
ROE(3y)11.26%
ROE(5y)14.12%
ROIC(3y)5.4%
ROIC(5y)6%
1.3 Margins
The Profit Margin of RE21 (23.11%) is better than 94.74% of its industry peers.
In the last couple of years the Profit Margin of RE21 has declined.
RE21's Operating Margin of 44.44% is amongst the best of the industry. RE21 outperforms 94.74% of its industry peers.
In the last couple of years the Operating Margin of RE21 has declined.
With an excellent Gross Margin value of 102.40%, RE21 belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
RE21's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.44% | ||
| PM (TTM) | 23.11% | ||
| GM | 102.4% |
OM growth 3Y-3.37%
OM growth 5Y-3.68%
PM growth 3Y-12.8%
PM growth 5Y-8.28%
GM growth 3Y0.16%
GM growth 5Y0.22%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), RE21 is destroying value.
Compared to 1 year ago, RE21 has about the same amount of shares outstanding.
Compared to 5 years ago, RE21 has more shares outstanding
Compared to 1 year ago, RE21 has a worse debt to assets ratio.
2.2 Solvency
RE21 has an Altman-Z score of 1.30. This is a bad value and indicates that RE21 is not financially healthy and even has some risk of bankruptcy.
RE21 has a Altman-Z score (1.30) which is in line with its industry peers.
RE21 has a Debt/Equity ratio of 1.00. This is a neutral value indicating RE21 is somewhat dependend on debt financing.
RE21 has a better Debt to Equity ratio (1.00) than 73.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.3 |
ROIC/WACC0.85
WACC5.4%
2.3 Liquidity
A Current Ratio of 1.18 indicates that RE21 should not have too much problems paying its short term obligations.
RE21 has a better Current ratio (1.18) than 84.21% of its industry peers.
RE21 has a Quick Ratio of 1.14. This is a normal value and indicates that RE21 is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of RE21 (1.14) is better than 78.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
The earnings per share for RE21 have decreased strongly by -42.00% in the last year.
Measured over the past years, RE21 shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -14.24% on average per year.
RE21 shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -22.96%.
RE21 shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.50% yearly.
EPS 1Y (TTM)-42%
EPS 3Y-21.18%
EPS 5Y-14.24%
EPS Q2Q%23.81%
Revenue 1Y (TTM)-22.96%
Revenue growth 3Y-6.54%
Revenue growth 5Y-4.5%
Sales Q2Q%-11.24%
3.2 Future
Based on estimates for the next years, RE21 will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.26% on average per year.
The Revenue is expected to grow by 3.54% on average over the next years.
EPS Next Y54.79%
EPS Next 2Y35.97%
EPS Next 3Y24.74%
EPS Next 5Y16.26%
Revenue Next Year-5.5%
Revenue Next 2Y1.78%
Revenue Next 3Y3.01%
Revenue Next 5Y3.54%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 26.18, which means the current valuation is very expensive for RE21.
Compared to the rest of the industry, the Price/Earnings ratio of RE21 indicates a slightly more expensive valuation: RE21 is more expensive than 78.95% of the companies listed in the same industry.
RE21 is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.29, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 15.38 indicates a correct valuation of RE21.
RE21's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. RE21 is cheaper than 73.68% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.74. RE21 is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.18 | ||
| Fwd PE | 15.38 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RE21 is valued a bit more expensive than 63.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.78 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
RE21's earnings are expected to grow with 24.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.48
PEG (5Y)N/A
EPS Next 2Y35.97%
EPS Next 3Y24.74%
5. Dividend
5.1 Amount
RE21 has a Yearly Dividend Yield of 3.55%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.10, RE21 has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, RE21 pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
5.2 History
The dividend of RE21 has a limited annual growth rate of 1.50%.
Dividend Growth(5Y)1.5%
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
RE21 pays out 155.39% of its income as dividend. This is not a sustainable payout ratio.
The dividend of RE21 is growing, but earnings are growing more, so the dividend growth is sustainable.
DP155.39%
EPS Next 2Y35.97%
EPS Next 3Y24.74%
FRA:RE21 (7/7/2025, 7:00:00 PM)
17.54
-0.75 (-4.1%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners31.96%
Inst Owner ChangeN/A
Ins Owners5%
Ins Owner ChangeN/A
Market Cap9.49B
Analysts72
Price Target19.71 (12.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
Yearly Dividend1.06
Dividend Growth(5Y)1.5%
DP155.39%
Div Incr Years1
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-76.82%
Min EPS beat(2)-147.36%
Max EPS beat(2)-6.28%
EPS beat(4)0
Avg EPS beat(4)-48.85%
Min EPS beat(4)-147.36%
Max EPS beat(4)-6.28%
EPS beat(8)2
Avg EPS beat(8)-22.4%
EPS beat(12)5
Avg EPS beat(12)-15.43%
EPS beat(16)8
Avg EPS beat(16)-11.7%
Revenue beat(2)0
Avg Revenue beat(2)-24.23%
Min Revenue beat(2)-45.83%
Max Revenue beat(2)-2.63%
Revenue beat(4)0
Avg Revenue beat(4)-14.78%
Min Revenue beat(4)-45.83%
Max Revenue beat(4)-2.63%
Revenue beat(8)1
Avg Revenue beat(8)-5.1%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.17%
PT rev (3m)2.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.94%
EPS NY rev (1m)0%
EPS NY rev (3m)0.86%
Revenue NQ rev (1m)-8.5%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.18 | ||
| Fwd PE | 15.38 | ||
| P/S | 5.95 | ||
| P/FCF | N/A | ||
| P/OCF | 9.93 | ||
| P/B | 1.84 | ||
| P/tB | 2.04 | ||
| EV/EBITDA | 12.78 |
EPS(TTM)0.67
EY3.82%
EPS(NY)1.14
Fwd EY6.5%
FCF(TTM)-0.23
FCFYN/A
OCF(TTM)1.77
OCFY10.07%
SpS2.95
BVpS9.53
TBVpS8.62
PEG (NY)0.48
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.44% | ||
| ROE | 7.15% | ||
| ROCE | 5.86% | ||
| ROIC | 4.57% | ||
| ROICexc | 4.95% | ||
| ROICexgc | 5.18% | ||
| OM | 44.44% | ||
| PM (TTM) | 23.11% | ||
| GM | 102.4% | ||
| FCFM | N/A |
ROA(3y)3.9%
ROA(5y)4.28%
ROE(3y)11.26%
ROE(5y)14.12%
ROIC(3y)5.4%
ROIC(5y)6%
ROICexc(3y)5.94%
ROICexc(5y)6.62%
ROICexgc(3y)6.37%
ROICexgc(5y)7.12%
ROCE(3y)6.92%
ROCE(5y)7.7%
ROICexcg growth 3Y-15.65%
ROICexcg growth 5Y-10.59%
ROICexc growth 3Y-14.67%
ROICexc growth 5Y-10.02%
OM growth 3Y-3.37%
OM growth 5Y-3.68%
PM growth 3Y-12.8%
PM growth 5Y-8.28%
GM growth 3Y0.16%
GM growth 5Y0.22%
F-Score6
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.39 | ||
| Cap/Depr | 233.63% | ||
| Cap/Sales | 67.66% | ||
| Interest Coverage | 5.71 | ||
| Cash Conversion | 81.66% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z | 1.3 |
F-Score6
WACC5.4%
ROIC/WACC0.85
Cap/Depr(3y)169.97%
Cap/Depr(5y)143.18%
Cap/Sales(3y)48.95%
Cap/Sales(5y)40.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-42%
EPS 3Y-21.18%
EPS 5Y-14.24%
EPS Q2Q%23.81%
EPS Next Y54.79%
EPS Next 2Y35.97%
EPS Next 3Y24.74%
EPS Next 5Y16.26%
Revenue 1Y (TTM)-22.96%
Revenue growth 3Y-6.54%
Revenue growth 5Y-4.5%
Sales Q2Q%-11.24%
Revenue Next Year-5.5%
Revenue Next 2Y1.78%
Revenue Next 3Y3.01%
Revenue Next 5Y3.54%
EBIT growth 1Y-23.31%
EBIT growth 3Y-9.69%
EBIT growth 5Y-8.02%
EBIT Next Year64.03%
EBIT Next 3Y25.42%
EBIT Next 5Y16.78%
FCF growth 1Y73.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y94.27%
OCF growth 3Y-15.88%
OCF growth 5Y-1.78%