Red Electrica Corporacion SA
MAD:RED

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Red Electrica Corporacion SA
MAD:RED
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Price: 16.44 EUR 0.06% Market Closed
Market Cap: 8.9B EUR
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Relative Value

The Relative Value of one RED stock under the Base Case scenario is 20.09 EUR. Compared to the current market price of 16.44 EUR, Red Electrica Corporacion SA is Undervalued by 18%.

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
20.09 EUR
Undervaluation 18%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
17
vs Industry
17
Median 3Y
4.4
Median 5Y
4
Industry
1.6
Forward
4.7
vs History
4
vs Industry
42
Median 3Y
13.3
Median 5Y
12.3
Industry
15.1
Forward
17.5
vs History
23
vs Industry
27
Median 3Y
6.9
Median 5Y
5.6
Industry
7
vs History
38
vs Industry
36
Median 3Y
5.9
Median 5Y
-40
Industry
13.9
vs History
42
vs Industry
38
Median 3Y
1.7
Median 5Y
1.6
Industry
1.4
vs History
9
vs Industry
16
Median 3Y
5
Median 5Y
4.2
Industry
2.7
Forward
6.6
vs History
9
vs Industry
51
Median 3Y
4.9
Median 5Y
4.2
Industry
7.5
vs History
4
vs Industry
23
Median 3Y
9
Median 5Y
7
Industry
10.3
Forward
9.3
vs History
4
vs Industry
38
Median 3Y
10.4
Median 5Y
9.4
Industry
14.6
Forward
15.7
vs History
19
vs Industry
25
Median 3Y
9
Median 5Y
6
Industry
11.1
vs History
17
vs Industry
27
Median 3Y
9.1
Median 5Y
-17.5
Industry
16.8
vs History
22
vs Industry
35
Median 3Y
0.7
Median 5Y
0.6
Industry
0.9

Multiples Across Competitors

RED Competitors Multiples
Red Electrica Corporacion SA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
ES
Red Electrica Corporacion SA
MAD:RED
8.9B EUR 4.7 15.8 17 17
US
Nextera Energy Inc
NYSE:NEE
146.7B USD 5.6 21.2 15.3 25.9
US
Southern Co
NYSE:SO
90B USD 3.4 19.1 12.4 21.7
ES
Iberdrola SA
MAD:IBE
84.8B EUR 1.9 12.7 7 10.6
US
Duke Energy Corp
NYSE:DUK
82.9B USD 2.8 19.8 11.6 21.3
IT
Enel SpA
MIL:ENEL
69.1B EUR 0.6 7.9 4 5.4
US
Constellation Energy Corp
NASDAQ:CEG
69.9B USD 2.9 24.6 12.5 22.8
US
PG&E Corp
NYSE:PCG
51.4B USD 2.1 18.8 11.7 20.8
US
American Electric Power Company Inc
NASDAQ:AEP
48.8B USD 2.5 18.6 12.3 22.3
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
DK
Oersted A/S
SWB:D2G
39.4B EUR 4.6 58.2 24.3 24.3
P/E Multiple
Earnings Growth P/E to Growth
ES
Red Electrica Corporacion SA
MAD:RED
Average P/E: 21.7
15.8
-11%
N/A
US
Nextera Energy Inc
NYSE:NEE
21.2
14%
1.6
US
Southern Co
NYSE:SO
19.1
31%
0.6
ES
Iberdrola SA
MAD:IBE
12.7
24%
0.5
US
Duke Energy Corp
NYSE:DUK
19.8
93%
0.2
IT
Enel SpA
MIL:ENEL
7.9
112%
0.1
US
Constellation Energy Corp
NASDAQ:CEG
24.6
93%
0.3
US
PG&E Corp
NYSE:PCG
18.8
91%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
18.6
53%
0.3
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
DK
O
Oersted A/S
SWB:D2G
58.2
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
ES
Red Electrica Corporacion SA
MAD:RED
Average EV/EBITDA: 12.8
17
7%
2.4
US
Nextera Energy Inc
NYSE:NEE
15.3
24%
0.6
US
Southern Co
NYSE:SO
12.4
28%
0.4
ES
Iberdrola SA
MAD:IBE
7
16%
0.4
US
Duke Energy Corp
NYSE:DUK
11.6
25%
0.5
IT
Enel SpA
MIL:ENEL
4
1%
4.7
US
Constellation Energy Corp
NASDAQ:CEG
12.5
28%
0.4
US
PG&E Corp
NYSE:PCG
11.7
60%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
12.3
38%
0.3
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
DK
O
Oersted A/S
SWB:D2G
24.3
153%
0.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
ES
Red Electrica Corporacion SA
MAD:RED
Average EV/EBIT: 19.2
17
7%
2.3
US
Nextera Energy Inc
NYSE:NEE
25.9
26%
1
US
Southern Co
NYSE:SO
21.7
46%
0.5
ES
Iberdrola SA
MAD:IBE
10.6
21%
0.5
US
Duke Energy Corp
NYSE:DUK
21.3
35%
0.6
IT
Enel SpA
MIL:ENEL
5.4
1%
3.8
US
Constellation Energy Corp
NASDAQ:CEG
22.8
161%
0.1
US
PG&E Corp
NYSE:PCG
20.8
99%
0.2
US
American Electric Power Company Inc
NASDAQ:AEP
22.3
56%
0.4
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
DK
O
Oersted A/S
SWB:D2G
24.3
64%
0.4

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