RENE Stock Analysis: REN - Redes Energéticas | LS
Utilities - Diversified | LS, Portugal | Market Cap: 2.358m EUR | 12M Return: 26.7% | PTREL0AM0008 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.89M
EPS Trend: 87.7%
Rev. Trend: 92.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
REN - Redes Energéticas Nacionais SGPS S.A. (RENE) is a Portuguese utility company that operates as a national transmission system operator for both electricity and natural gas. Its core business activities include managing high-voltage electricity transmission networks, transporting and distributing natural gas, operating an LNG terminal with regasification facilities, and providing underground gas storage services. The company also runs a telecommunications segment and holds investments in electricity transmission assets in Chile.
Founded in 1994 and headquartered in Lisbon, REN operates under regulated concession agreements, which is typical of European transmission system operators that function as natural monopolies with revenues determined by regulatory frameworks. The Multi-Utilities classification reflects its diversified operations across both power and gas infrastructure.
- Portuguese regulator reviews transmission tariff allowed return
- European gas demand decline pressures LNG terminal volumes
- Rising interest costs compress regulated utility margins
| Net Income: 187.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -5.04 > 1.0 |
| NWC/Revenue: -61.41% < 20% (prev -104.0%; Δ 42.61% < -1%) |
| CFO/TA 0.03 > 3% & CFO 187.5m > Net Income 187.5m |
| Net Debt (-12.9m) to EBITDA (531.4m): -0.02 < 3 |
| Current Ratio: 0.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (663.3m) vs 12m ago 0.0% < -2% |
| Gross Margin: 64.05% > 18% (prev 64.34%; Δ -0.29% > 0.5%) |
| Asset Turnover: 20.58% > 50% (prev 19.88%; Δ 0.69% > 0%) |
| Interest Coverage Ratio: 4.08 > 6 (EBIT TTM 260.3m / Interest Expense TTM 63.9m) |
| A: -0.12 (Total Current Assets 319.3m - Total Current Liabilities 987.9m) / Total Assets 5.40b |
| B: 0.09 (Retained Earnings 484.9m / Total Assets 5.40b) |
| C: 0.05 (EBIT TTM 260.3m / Avg Total Assets 5.29b) |
| D: 0.40 (Book Value of Equity 1.56b / Total Liabilities 3.85b) |
| Altman-Z'' = 0.24 = B |
| DSRI: 1.10 (Receivables 240.4m/205.9m, Revenue 1.09b/1.03b) |
| GMI: 1.00 (GM 64.34% / 64.05%) |
| AQI: 1.00 (AQ_t 0.91 / AQ_t-1 0.91) |
| SGI: 1.06 (Revenue 1.09b / 1.03b) |
| TATA: 0.0 (NI 187.5m - CFO 187.5m) / TA 5.40b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of September 27, 2026, the stock is trading at EUR 3.57 with a total of 1,167,702 shares traded. Over the past week, the price has changed by +0.42%, over one month by +0.28%, over three months by -4.42% and over the past year by +26.69%.
Current recommended Stop Loss: 3.40 (which is 4.8% or 3.4 ATR below the current price).
REN - Redes Energéticas has no consensus analysts rating.
P/E Trailing = 11.85
P/E Forward = 16.9205
P/S = 2.1161
P/B = 1.5154
P/EG = 10.0784
Revenue TTM = 1.09b EUR
EBIT TTM = 260.3m EUR
EBITDA TTM = 531.4m EUR
Long Term Debt = 1.89b EUR (from longTermDebt, last quarter)
Short Term Debt = 485.5m EUR (from shortLongTermDebt, last quarter)
Debt = 5.16m EUR (Leases only: 5.16m)
Net Debt = -12.9m EUR (calculated: Debt 5.16m - CCE 18.0m)
Enterprise Value = 2.35b EUR (2.36b + Debt 5.16m - CCE 18.0m)
Interest Coverage Ratio = 4.08 (Ebit TTM 260.3m / Interest Expense TTM 63.9m)
EV/FCF = 20.50x (Enterprise Value 2.35b / FCF TTM 114.4m)
FCF Yield = 4.88% (FCF TTM 114.4m / Enterprise Value 2.35b)
FCF Margin = 10.51% (FCF TTM 114.4m / Revenue TTM 1.09b)
Net Margin = 17.22% (Net Income TTM 187.5m / Revenue TTM 1.09b)
Gross Margin = 64.05% ((Revenue TTM 1.09b - Cost of Revenue TTM 391.4m) / Revenue TTM)
Gross Margin QoQ = 60.62% (prev 83.86%)
Tobins Q-Ratio = 0.43 (Enterprise Value 2.35b / Total Assets 5.40b)
Interest Expense / Debt = 1.24k% (Interest Expense 63.9m / Debt 5.16m)
Taxrate = 12.84% (29.7m / 231.0m)
NOPAT = 226.9m (EBIT 260.3m * (1 - 12.84%))
Current Ratio = 0.32 (Total Current Assets 319.3m / Total Current Liabilities 987.9m)
Debt / Equity = 0.00 (Debt 5.16m / totalStockholderEquity, last quarter 1.56b)
Debt / EBITDA = -0.02 (Net Debt -12.9m / EBITDA 531.4m)
Debt / FCF = -0.11 (Net Debt -12.9m / FCF TTM 114.4m)
Total Stockholder Equity = 1.54b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.54% (Net Income 187.5m / Total Assets 5.40b)
RoE = 12.20% (Net Income TTM 187.5m / Total Stockholder Equity 1.54b)
RoCE = 7.60% (EBIT 260.3m / Capital Employed (Equity 1.54b + L.T.Debt 1.89b))
RoIC = 5.16% (NOPAT 226.9m / Invested Capital 4.40b)
WACC = 5.37% (E(2.36b)/V(2.36b) * Re(5.38%) + (debt cost/tax rate unavailable))
Discount Rate = 5.38% (= CAPM, Blume Beta Adj.)
[DCF] Terminal Value 73.10% ; FCFF base≈216.8m ; Y1≈190.1m ; Y5≈153.6m
[DCF] Fair Price = 3.74 (EV 2.47b - Net Debt -12.9m = Equity 2.48b / Shares 663.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 87.66 | EPS CAGR: 19.20% | SUE: N/A | # QB: 0
Revenue Correlation: 92.88 | Revenue CAGR: 6.01% | SUE: 0.45 | # QB: 0
EPS current Year (2026-12-31): EPS=0.24 | Chg30d=-1.81% | Revisions=+40% | GrowthEPS=+1.6% | GrowthRev=+4.0%
EPS next Year (2027-12-31): EPS=0.24 | Chg30d=+2.24% | Revisions=+25% | GrowthEPS=-0.8% | GrowthRev=+2.8%
[Analyst] Revisions Ratio: +50% (up=3, down=0)