REDEIA CORP SA (RE21.DE) Stock Fundamental Analysis
FRA:RE21 - Deutsche Boerse Ag - ES0173093024 - Common Stock - Currency: EUR
Taking everything into account, RE21 scores 4 out of 10 in our fundamental rating. RE21 was compared to 16 industry peers in the Electric Utilities industry. RE21 has an average financial health and profitability rating. 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.
RE21 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
RE21's Return On Assets of 3.71% is on the low side compared to the rest of the industry. RE21 is outperformed by 60.00% of its industry peers.
RE21's Return On Equity of 10.34% is on the low side compared to the rest of the industry. RE21 is outperformed by 66.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.63%, RE21 is doing worse than 66.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for RE21 is below the industry average of 9.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.71% | ||
| ROE | 10.34% | ||
| ROIC | 4.63% |
ROA(3y)4.71%
ROA(5y)4.92%
ROE(3y)15.12%
ROE(5y)16.76%
ROIC(3y)6.26%
ROIC(5y)6.8%
1.3 Margins
Looking at the Profit Margin, with a value of 29.95%, RE21 belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
In the last couple of years the Profit Margin of RE21 has declined.
RE21 has a Operating Margin of 39.26%. This is amongst the best in the industry. RE21 outperforms 93.33% of its industry peers.
In the last couple of years the Operating Margin of RE21 has declined.
RE21 has a Gross Margin of 100.36%. This is amongst the best in the industry. RE21 outperforms 100.00% of its industry peers.
RE21's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 39.26% | ||
| PM (TTM) | 29.95% | ||
| GM | 100.36% |
OM growth 3Y-4.56%
OM growth 5Y-4.1%
PM growth 3Y2.22%
PM growth 5Y-1.57%
GM growth 3Y-0.31%
GM growth 5Y-0.13%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so RE21 is still creating some value.
RE21 has about the same amout of shares outstanding than it did 1 year ago.
RE21 has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, RE21 has an improved debt to assets ratio.
2.2 Solvency
There is no outstanding debt for RE21. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC0.88
WACC5.25%
2.3 Liquidity
A Current Ratio of 1.06 indicates that RE21 should not have too much problems paying its short term obligations.
RE21 has a Current ratio of 1.06. This is in the better half of the industry: RE21 outperforms 73.33% of its industry peers.
RE21 has a Quick Ratio of 1.06. 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 (1.06) is better than 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
The earnings per share for RE21 have decreased strongly by -17.20% in the last year.
RE21 shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.47% yearly.
RE21 shows a decrease in Revenue. In the last year, the revenue decreased by -7.85%.
RE21 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.16% yearly.
EPS 1Y (TTM)-17.2%
EPS 3Y3.36%
EPS 5Y-0.47%
EPS Q2Q%-21.21%
Revenue 1Y (TTM)-7.85%
Revenue growth 3Y1.3%
Revenue growth 5Y1.16%
Sales Q2Q%-12.61%
3.2 Future
The Earnings Per Share is expected to grow by 0.31% on average over the next years.
Based on estimates for the next years, RE21 will show a small growth in Revenue. The Revenue will grow by 2.93% on average per year.
EPS Next Y-25.49%
EPS Next 2Y-12.82%
EPS Next 3Y-3.61%
EPS Next 5Y0.31%
Revenue Next Year-10.06%
Revenue Next 2Y-3.34%
Revenue Next 3Y0.56%
Revenue Next 5Y2.93%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 16.67, RE21 is valued correctly.
Based on the Price/Earnings ratio, RE21 is valued a bit more expensive than 60.00% of the companies in the same industry.
RE21 is valuated rather cheaply when we compare the Price/Earnings ratio to 28.47, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 16.93, RE21 is valued correctly.
Based on the Price/Forward Earnings ratio, RE21 is valued a bit more expensive than 66.67% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 92.74, RE21 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.67 | ||
| Fwd PE | 16.93 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RE21 is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RE21 indicates a slightly more expensive valuation: RE21 is more expensive than 60.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 100.07 | ||
| EV/EBITDA | 6.93 |
4.3 Compensation for Growth
RE21's earnings are expected to decrease with -3.61% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-12.82%
EPS Next 3Y-3.61%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.61%, RE21 is a good candidate for dividend investing.
RE21's Dividend Yield is a higher than the industry average which is at 4.37.
Compared to an average S&P500 Dividend Yield of 2.28, RE21 pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.61% |
5.2 History
The dividend of RE21 decreases each year by -1.67%.
Dividend Growth(5Y)-1.67%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
102.53% of the earnings are spent on dividend by RE21. This is not a sustainable payout ratio.
DP102.53%
EPS Next 2Y-12.82%
EPS Next 3Y-3.61%
REDEIA CORP SA
FRA:RE21 (2/3/2025, 7:00:00 PM)
16.34
+0.57 (+3.61%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners31.82%
Inst Owner ChangeN/A
Ins Owners5%
Ins Owner ChangeN/A
Market Cap8.84B
Analysts74.07
Price Target18.97 (16.1%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.61% |
Yearly Dividend1.05
Dividend Growth(5Y)-1.67%
DP102.53%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-12.75%
Min EPS beat(2)-19.23%
Max EPS beat(2)-6.28%
EPS beat(4)1
Avg EPS beat(4)-7.94%
Min EPS beat(4)-22.51%
Max EPS beat(4)16.25%
EPS beat(8)2
Avg EPS beat(8)-6.98%
EPS beat(12)5
Avg EPS beat(12)-4.43%
EPS beat(16)8
Avg EPS beat(16)-4.79%
Revenue beat(2)0
Avg Revenue beat(2)-4.71%
Min Revenue beat(2)-6.79%
Max Revenue beat(2)-2.63%
Revenue beat(4)0
Avg Revenue beat(4)-5.05%
Min Revenue beat(4)-6.91%
Max Revenue beat(4)-2.63%
Revenue beat(8)2
Avg Revenue beat(8)0.64%
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)-2.32%
PT rev (3m)-0.37%
EPS NQ rev (1m)0.68%
EPS NQ rev (3m)-2.22%
EPS NY rev (1m)0.72%
EPS NY rev (3m)0.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.6%
Revenue NY rev (1m)-1.31%
Revenue NY rev (3m)-1.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.67 | ||
| Fwd PE | 16.93 | ||
| P/S | 4.7 | ||
| P/FCF | 100.07 | ||
| P/OCF | 8.46 | ||
| P/B | 1.62 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 6.93 |
EPS(TTM)0.98
EY6%
EPS(NY)0.97
Fwd EY5.91%
FCF(TTM)0.16
FCFY1%
OCF(TTM)1.93
OCFY11.82%
SpS3.48
BVpS10.07
TBVpS10.07
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.71% | ||
| ROE | 10.34% | ||
| ROCE | 5.89% | ||
| ROIC | 4.63% | ||
| ROICexc | 4.63% | ||
| ROICexgc | 4.63% | ||
| OM | 39.26% | ||
| PM (TTM) | 29.95% | ||
| GM | 100.36% | ||
| FCFM | 4.7% |
ROA(3y)4.71%
ROA(5y)4.92%
ROE(3y)15.12%
ROE(5y)16.76%
ROIC(3y)6.26%
ROIC(5y)6.8%
ROICexc(3y)7.07%
ROICexc(5y)7.42%
ROICexgc(3y)7.66%
ROICexgc(5y)8.01%
ROCE(3y)7.96%
ROCE(5y)8.64%
ROICexcg growth 3Y-5.34%
ROICexcg growth 5Y-7.31%
ROICexc growth 3Y-5.59%
ROICexc growth 5Y-8.15%
OM growth 3Y-4.56%
OM growth 5Y-4.1%
PM growth 3Y2.22%
PM growth 5Y-1.57%
GM growth 3Y-0.31%
GM growth 5Y-0.13%
F-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 81.88% | ||
| Profit Quality | 15.69% | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | N/A |
F-Score4
WACC5.25%
ROIC/WACC0.88
Cap/Depr(3y)127.59%
Cap/Depr(5y)116.21%
Cap/Sales(3y)33.8%
Cap/Sales(5y)30.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-17.2%
EPS 3Y3.36%
EPS 5Y-0.47%
EPS Q2Q%-21.21%
EPS Next Y-25.49%
EPS Next 2Y-12.82%
EPS Next 3Y-3.61%
EPS Next 5Y0.31%
Revenue 1Y (TTM)-7.85%
Revenue growth 3Y1.3%
Revenue growth 5Y1.16%
Sales Q2Q%-12.61%
Revenue Next Year-10.06%
Revenue Next 2Y-3.34%
Revenue Next 3Y0.56%
Revenue Next 5Y2.93%
EBIT growth 1Y-17.65%
EBIT growth 3Y-3.33%
EBIT growth 5Y-2.99%
EBIT Next Year36.98%
EBIT Next 3Y16.78%
EBIT Next 5Y12.56%
FCF growth 1Y-95.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-44.89%
OCF growth 3Y-29.1%
OCF growth 5Y-14.87%