RED Stock Analysis: Redeia Corporacion S.A. | MC
Utilities - Regulated Electric | MC, Spain | Market Cap: 8.147m EUR | 12M Return: -8.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 25.4M
EPS Trend: -47.7%
Qual. Beats: -1
Rev. Trend: -47.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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.
Redeia Corporación, S.A. (RED) is a Spanish utilities company that primarily manages and operates electricity transmission infrastructure in Spain and internationally, alongside a smaller telecommunications segment. The company is structured across three business segments: domestic electricity infrastructure, international electricity infrastructure, and telecommunications. Its core activities include electricity transmission, system operation, and management of the Spanish electricity transmission grid, supported by a transmission network of approximately 46,074 kilometers and 99,071 MVA of transformation capacity.
Beyond its core transmission business, Redeia offers a diverse range of services including advisory, engineering, and construction work; telecommunications networks and satellite communications; maintenance for lines and substations; and technical consultancy. The company is also involved in energy storage construction, water cycle management, satellite and space segment services, and the sale or leasing of satellites and spatial capacity.
As the operator of Spains national transmission grid, Redeia holds a regulated monopoly position in a critical segment of the electricity value chain, a structure common among European TSOs (transmission system operators). The companys diversification into international infrastructure and telecommunications-including its satellite operations-reduces its reliance on domestic regulated returns. Redeia was incorporated in 1985, is headquartered in Alcobendas, Spain, and rebranded from Red Eléctrica Corporación to its current name in June 2023.
- Spanish grid investment accelerates on renewable energy integration
- Regulatory rate of return revisions impact transmission revenues
- Hispasat satellite segment faces revenue pressure amid competition
| 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 (1.60b): 3.87 < 3 |
| Current Ratio: 1.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (541.8m) vs 12m ago 0.26% < -2% |
| Gross Margin: 85.61% > 18% (prev 103.1%; Δ -17.50% > 0.5%) |
| Asset Turnover: 13.28% > 50% (prev 9.97%; Δ 3.32% > 0%) |
| Interest Coverage Ratio: 6.19 > 6 (EBIT TTM 989.6m / 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 989.6m / Avg Total Assets 15.7b) |
| D: 0.52 (Book Value of Equity 5.45b / Total Liabilities 10.5b) |
| Altman-Z'' = 1.24 = BB |
As of July 09, 2026, the stock is trading at EUR 15.31 with a total of 1,352,866 shares traded. Over the past week, the price has changed by +2.34%, over one month by +7.49%, over three months by +5.85% and over the past year by -8.55%.
Current recommended Stop Loss: 14.80 (which is 3.3% or 2.1 ATR below the current price).
Redeia Corporacion S.A. has no consensus analysts rating.
P/E Trailing = 16.0426
P/E Forward = 16.6113
P/S = 4.6334
P/B = 1.4838
P/EG = 4.6173
Revenue TTM = 2.09b EUR
EBIT TTM = 989.6m EUR
EBITDA TTM = 1.60b 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 14.3m
Net Debt = 6.18b EUR (calculated: Debt 6.78b - CCE 602.4m)
Enterprise Value = 14.3b EUR (8.15b + Debt 6.78b - CCE 602.4m)
Interest Coverage Ratio = 6.19 (Ebit TTM 989.6m / Interest Expense TTM 160.0m)
EV/FCF = -12.15x (Enterprise Value 14.3b / FCF TTM -1.18b)
FCF Yield = -8.23% (FCF TTM -1.18b / Enterprise Value 14.3b)
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 = 0.90 (Enterprise Value 14.3b / Total Assets 16.0b)
Interest Expense / Debt = 2.36% (Interest Expense 160.0m / Debt 6.78b)
Taxrate = 24.16% (211.5m / 875.5m)
NOPAT = 750.5m (EBIT 989.6m * (1 - 24.16%))
Current Ratio = 1.14 (Total Current Assets 3.23b / Total Current Liabilities 2.83b)
Debt / Equity = 1.24 (Debt 6.78b / totalStockholderEquity, last quarter 5.45b)
Debt / EBITDA = 3.87 (Net Debt 6.18b / EBITDA 1.60b)
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 = 9.25% (EBIT 989.6m / Capital Employed (Equity 5.31b + L.T.Debt 5.39b))
RoIC = 5.20% (NOPAT 750.5m / Invested Capital 14.4b)
WACC = 3.82% (E(8.15b)/V(14.9b) * Re(5.51%) + D(6.78b)/V(14.9b) * Rd(2.36%) * (1-Tc(0.24)))
Discount Rate = 5.51% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 75.42 | Cagr: 0.17%
[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 (2025-03-31): EPS=0.28 | Chg30d=-10.40% | Revisions=+0% | Analysts=2
EPS next Quarter (2025-06-30): EPS=0.24 | Chg30d=-6.91% | Revisions=-25% | Analysts=2
EPS current Year (2025-12-31): EPS=0.94 | Chg30d=+0.28% | Revisions=+22% | GrowthEPS=+37.7% | GrowthRev=+4.2%
EPS next Year (2026-12-31): EPS=0.93 | Chg30d=+0.20% | Revisions=+25% | GrowthEPS=+3.3% | GrowthRev=+4.0%
[Analyst] Revisions Ratio: +18% (up=5, down=3)