Red Electrica Corporacion SA
MAD:RED

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Red Electrica Corporacion SA
MAD:RED
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Price: 18.55 EUR 1.64% Market Closed
Market Cap: 10B EUR

Relative Value

The Relative Value of one RED stock under the Base Case scenario is 20.69 EUR. Compared to the current market price of 18.55 EUR, Red Electrica Corporacion SA is Undervalued by 10%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

RED Relative Value
Base Case
20.69 EUR
Undervaluation 10%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
0
vs Industry
11
Median 3Y
4.5
Median 5Y
4.2
Industry
1.7
Forward
5.6
vs History
0
vs Industry
17
Median 3Y
13.4
Median 5Y
12.5
Industry
14.7
Forward
19.6
vs History
15
vs Industry
26
Median 3Y
7.6
Median 5Y
6
Industry
7
vs History
9
vs Industry
27
Median 3Y
7.9
Median 5Y
-11.2
Industry
14.2
vs History
28
vs Industry
30
Median 3Y
1.7
Median 5Y
1.7
Industry
1.4
vs History
0
vs Industry
10
Median 3Y
5
Median 5Y
4.3
Industry
2.8
Forward
7.9
vs History
0
vs Industry
42
Median 3Y
5
Median 5Y
4.3
Industry
7.3
vs History
4
vs Industry
35
Median 3Y
9.4
Median 5Y
8
Industry
10.4
Forward
10.9
vs History
0
vs Industry
28
Median 3Y
12.8
Median 5Y
9.6
Industry
14.6
Forward
17.5
vs History
14
vs Industry
29
Median 3Y
9
Median 5Y
6.4
Industry
11
vs History
vs Industry
27
Median 3Y
8.7
Median 5Y
-17.6
Industry
16.7
vs History
9
vs Industry
36
Median 3Y
0.7
Median 5Y
0.6
Industry
0.9

Multiples Across Competitors

RED Competitors Multiples
Red Electrica Corporacion SA Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
ES
Red Electrica Corporacion SA
MAD:RED
10B EUR 6.3 27.2 12.2 20.1
US
Nextera Energy Inc
NYSE:NEE
144.9B USD 5.9 20.9 16.9 30.5
ES
Iberdrola SA
MAD:IBE
93.9B EUR 2.1 16.7 7.3 12
US
Southern Co
NYSE:SO
100.2B USD 3.7 22.8 12.9 22.6
US
Duke Energy Corp
NYSE:DUK
92.7B USD 3.1 21.1 12 21.7
IT
Enel SpA
MIL:ENEL
76.5B EUR 1 10.9 5.8 8.6
US
Constellation Energy Corp
NASDAQ:CEG
64.3B USD 2.7 17.1 9.8 16
US
American Electric Power Company Inc
NASDAQ:AEP
57B USD 2.9 19.2 12.6 22.1
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
44.9B USD 2 18.3 11.4 20.8
US
Xcel Energy Inc
NASDAQ:XEL
40B USD 3 20.7 12.9 28.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
ES
Red Electrica Corporacion SA
MAD:RED
Average EV/EBITDA: 11.4
12.2
10%
1.2
US
Nextera Energy Inc
NYSE:NEE
16.9
19%
0.9
ES
Iberdrola SA
MAD:IBE
7.3
-1%
N/A
US
Southern Co
NYSE:SO
12.9
7%
1.8
US
Duke Energy Corp
NYSE:DUK
12
7%
1.7
IT
Enel SpA
MIL:ENEL
5.8
3%
1.9
US
Constellation Energy Corp
NASDAQ:CEG
9.8
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.6
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11.4
10%
1.1
US
Xcel Energy Inc
NASDAQ:XEL
12.9
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
ES
Red Electrica Corporacion SA
MAD:RED
Average EV/EBIT: 20.3
20.1
13%
1.5
US
Nextera Energy Inc
NYSE:NEE
30.5
24%
1.3
ES
Iberdrola SA
MAD:IBE
12
1%
12
US
Southern Co
NYSE:SO
22.6
6%
3.8
US
Duke Energy Corp
NYSE:DUK
21.7
8%
2.7
IT
Enel SpA
MIL:ENEL
8.6
2%
4.3
US
Constellation Energy Corp
NASDAQ:CEG
16
2%
8
US
American Electric Power Company Inc
NASDAQ:AEP
22.1
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
20.8
9%
2.3
US
Xcel Energy Inc
NASDAQ:XEL
28.5
22%
1.3