(RED) Redeia Corporacion S.A. - Overview
Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: MC (Spain) | Market Cap: 7.944m EUR | Total Return: -15.2% in 12m
Avg Turnover: 16.4M
EPS Trend: -47.7%
Qual. Beats: -1
Rev. Trend: -47.6%
Qual. Beats: 0
Warnings
High Debt while negative Cash Flow
Altman Z'' 0.80 < 1.0 - financial distress zone
Choppy
Tailwinds
No distinct edge detected
Redeia Corporación, S.A. (RED) is the primary manager of Spain’s national electricity transmission grid and serves as the country’s sole system operator. The company functions through three core segments: domestic electricity infrastructure, international electricity infrastructure, and telecommunications. Beyond high-voltage transmission, Redeia manages satellite communications, fiber optic networks, and energy storage facilities.
The company operates under a regulated utility model, where revenues are largely determined by government frameworks rather than fluctuating market demand. This sector typically requires high capital expenditure to maintain extensive physical assets, such as Redeia’s 46,000-kilometer transmission network and associated transformation capacity. Investors often view such entities as defensive assets due to their monopolistic position in essential infrastructure.
For a deeper look into the companys valuation metrics and historical performance, consider reviewing the detailed analytics on ValueRay.
- Spanish regulatory framework updates determine allowed rate of return for transmission assets
- National grid investment plan scale influences long-term regulated asset base growth
- Interest rate fluctuations impact financing costs for capital-intensive infrastructure projects
- Satellite and fiber optic division performance drives non-regulated revenue diversification
- Transition toward renewable energy integration necessitates increased domestic grid capacity spending
| Net Income: 628.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.07 > 0.02 and ΔFCF/TA -10.65 > 1.0 |
| NWC/Revenue: 19.16% < 20% (prev 51.23%; Δ -32.07% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.00b > Net Income 628.4m |
| Net Debt (6.18b) to EBITDA (1.44b): 4.30 < 3 |
| Current Ratio: 1.14 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (541.1m) vs prev 0.27% < -2% |
| Gross Margin: 85.61% > 18% (prev 1.03%; Δ 8.46k% > 0.5%) |
| Asset Turnover: 13.28% > 50% (prev 9.97%; Δ 3.32% > 0%) |
| Interest Coverage Ratio: 6.02 > 6 (EBITDA TTM 1.44b / Interest Expense TTM 160.0m) |
| A: 0.03 (Total Current Assets 3.23b - Total Current Liabilities 2.83b) / Total Assets 16.0b |
| B: 0.03 (Retained Earnings 505.6m / Total Assets 16.0b) |
| C: 0.06 (EBIT TTM 963.4m / Avg Total Assets 15.7b) |
| D: 0.11 (Book Value of Equity 1.17b / Total Liabilities 10.5b) |
| Altman-Z'' = 0.80 = B |
| DSRI: 1.23 (Receivables 2.09b/1.26b, Revenue 2.09b/1.54b) |
| GMI: 1.20 (GM 85.61% / 103.1%) |
| AQI: 1.00 (AQ_t 0.13 / AQ_t-1 0.13) |
| SGI: 1.36 (Revenue 2.09b / 1.54b) |
| TATA: -0.02 (NI 628.4m - CFO 1.00b) / TA 16.0b) |
| Beneish M = -2.42 (Cap -4..+1) = BBB |
As of May 25, 2026, the stock is trading at EUR 14.96 with a total of 1,552,419 shares traded.
Over the past week, the price has changed by +3.82%,
over one month by +0.27%,
over three months by -7.66% and
over the past year by -15.24%.
Redeia Corporacion S.A. has no consensus analysts rating.
P/E Trailing = 16.3333
P/E Forward = 16.0
P/S = 4.5179
P/B = 1.4287
P/EG = 4.4444
Revenue TTM = 2.09b EUR
EBIT TTM = 963.4m EUR
EBITDA TTM = 1.44b EUR
Long Term Debt = 5.39b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.37b EUR (from shortTermDebt, last fiscal year)
Debt = 6.78b EUR (from shortLongTermDebtTotal, last fiscal year) + Leases 15.6m
Net Debt = 6.18b EUR (calculated: Debt 6.78b - CCE 602.4m)
Enterprise Value = 14.1b EUR (7.94b + Debt 6.78b - CCE 602.4m)
Interest Coverage Ratio = 6.02 (Ebit TTM 963.4m / Interest Expense TTM 160.0m)
EV/FCF = -11.98x (Enterprise Value 14.1b / FCF TTM -1.18b)
FCF Yield = -8.35% (FCF TTM -1.18b / Enterprise Value 14.1b)
FCF Margin = -56.39% (FCF TTM -1.18b / Revenue TTM 2.09b)
Net Margin = 30.05% (Net Income TTM 628.4m / Revenue TTM 2.09b)
Gross Margin = 85.61% ((Revenue TTM 2.09b - Cost of Revenue TTM 300.9m) / Revenue TTM)
Gross Margin QoQ = none% (prev 62.59%)
Tobins Q-Ratio = 0.88 (Enterprise Value 14.1b / Total Assets 16.0b)
Interest Expense / Debt = 2.36% (Interest Expense 160.0m / Debt 6.78b)
Taxrate = 23.0% (43.7m / 190.0m)
NOPAT = 741.8m (EBIT 963.4m * (1 - 23.00%))
Current Ratio = 1.14 (Total Current Assets 3.23b / Total Current Liabilities 2.83b)
Debt / Equity = 1.25 (Debt 6.78b / totalStockholderEquity, last quarter 5.45b)
Debt / EBITDA = 4.30 (Net Debt 6.18b / EBITDA 1.44b)
Debt / FCF = -5.24 (negative FCF - burning cash) (Net Debt 6.18b / FCF TTM -1.18b)
Total Stockholder Equity = 5.31b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.99% (Net Income 628.4m / Total Assets 16.0b)
RoE = 11.83% (Net Income TTM 628.4m / Total Stockholder Equity 5.31b)
RoCE = 9.00% (EBIT 963.4m / Capital Employed (Equity 5.31b + L.T.Debt 5.39b))
RoIC = 5.10% (NOPAT 741.8m / Invested Capital 14.5b)
WACC = 3.92% (E(7.94b)/V(14.7b) * Re(5.71%) + D(6.78b)/V(14.7b) * Rd(2.36%) * (1-Tc(0.23)))
Discount Rate = 5.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 76.83 | Cagr: 0.18%
[DCF] Fair Price = unknown (Cash Flow -1.18b)
EPS Correlation: -47.70 | EPS CAGR: -9.12% | SUE: -4.0 | # QB: -1
Revenue Correlation: -47.60 | Revenue CAGR: -10.72% | SUE: 0.30 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.24 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.23 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=0.93 | Chg30d=-1.03% | Revisions=-40% | GrowthEPS=+3.1% | GrowthRev=+4.0%
EPS next Year (2027-12-31): EPS=0.96 | Chg30d=-0.77% | Revisions=-40% | GrowthEPS=+3.4% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: -40%