Red Electrica Corporacion, S.A. (RED)

Index:

IBEX 35

  18.23
   
  • 52 Week High:  19.26
  • 52 Week Low:  15.72
  • Currency: Euro
  • Shares Issued: 220.40m
  • Market Cap:  4,017.89m
  • Beta: 0.42

Fundamentals - based on IFRS

    (Millions)   (Millions)   (Millions)   (Millions)
Income Statement 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations        
Revenue 1,594.20 1,818.79 2,015.04 1,952.96
Operating Profit/(Loss) 761.36 957.32 961.55 991.97
Profit Before Tax 675.63 885.21 869.52 888.08
Profit After Tax 526.84 690.14 681.19 686.28
         
Earnings per Share - Basic 68.00¢ 128.00¢ 123.00¢ 126.00¢
Earnings per Share - Adjusted 68.00¢ 128.00¢ 123.00¢ 126.00¢
         
Dividend per Share 80.00¢ 100.00¢ 100.00¢ 100.00¢
    (Millions)   (Millions)   (Millions)   (Millions)
Balance Sheet 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Assets        
Non-Current Assets        
Property, Plant & Equipment 3,112.30 19,855.00 9,626.80 9,575.85
Intangible Assets 108.40 5,969.00 855.15 720.62
Other Non-Current Assets 789.20 3,440.00 1,352.26 800.60
  4,009.90 29,264.00 11,834.21 11,097.07
Current Assets        
Inventories 32.00 1,254.00 41.32 26.53
Cash at Bank & in Hand 171.30 3,686.00 794.82 1,574.43
Other Current Assets 368.60 3,689.00 2,111.16 1,286.45
  571.90 8,629.00 2,947.31 2,887.41
         
Other Assets n/a n/a n/a n/a
Total Assets 4,581.80 37,893.00 14,781.52 13,984.48
Current Liabilities        
Borrowings 274.40 2,544.00 1,705.28 2,144.43
Other Current Liabilities 523.60 4,546.00 1,197.77 828.99
         
Current Liabilities 798.00 7,090.00 2,903.04 2,973.41
         
Net Current Assets c(226.10) c1,539.00 c44.26 c(86.00)
         
Borrowings 2,133.40 13,426.00 5,543.75 5,953.43
Other Non-Current Liabilities 580.50 5,448.00 1,440.45 1,372.50
Non-Current Liabilities 2,713.90 18,874.00 6,984.20 7,325.94
         
Other Liabilities n/a n/a n/a n/a
Total Liabilities 3,511.90 25,964.00 9,887.24 10,299.35
         
Net Assets 1,069.90 11,929.00 4,894.28 3,685.13
         
Shareholders Funds 758.20 9,447.00 4,789.54 3,631.08
         
Minority Interests/Other Equity 311.70 2,482.00 104.74 54.05
Total Equity 1,069.90 11,929.00 4,894.28 3,685.13
Cash Flow 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Net Cash Flow From Operating Activities 955.63 382.73 1,566.83 1,605.18
Net Cash Flow from Investing Activities (947.38) (29.35) (1,641.32) (537.64)
Net Cash Flow from Financing Activities (516.59) 324.46 (705.11) 25.12
Net Increase/Decrease In Cash (508.33) 677.84 (779.60) 1,092.66
Ratios - based on IFRS 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations        
PE Ratio - Adjusted 24.3 11.6 13.2 n/a
PEG - Adjusted n/a 2.9 n/a n/a
Earnings per Share Growth - Adjusted -47% 4% -2% n/a
Dividend Cover 0.85 1.28 1.23 1.26
Revenue per Share 723.32¢ 825.22¢ 914.26¢ 886.10¢
Pre-Tax Profit per Share 306.55¢ 401.64¢ 394.52¢ 402.94¢
Operating Margin 47.76% 52.64% 47.72% 50.79%
Return on Capital Employed 20.05% 4.04% 7.70% 8.03%
         
Dividend Yield 4.8% 6.7% 6.2% 0.0%
Dividend per Share Growth (20.00%) n/a n/a n/a
Operating Cash Flow per Share 433.59¢ 173.65¢ 710.90¢ n/a
Cash Incr/Decr per Share (230.64¢) 307.55¢ (353.72¢) 495.76¢
Net Asset Value per Share (exc. Intangibles) 436.25¢ 2,704.17¢ 1,832.64¢ 1,345.06¢
Net Gearing 294.97% 130.03% 134.76% 179.66%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are end of day values only.

Note 2: Forecast figures based on normalised accounts.

 

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