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REN - Redes Energéticas Nacionais, SGPS, S.A.

REN - Redes Energéticas Nacionais, SGPS, S.A.

RENE.LS
REN - Redes Energéticas Nacionais, SGPS, S.A.undefined flagEuronext Lisbon
3.75
EUR
-0.01
- -
2.48BMarket Cap
REN - Redes Energéticas Nacionais, SGPS, S.A.
RENE.LS
(Euronext Lisbon)

Recent

price

3.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.66
1.51
1.36
1.31
1.27
1.35
1.25
1.05
1.01
1.1
1.06
1.18
1.18
1.43
1.43
1.54
1.6
Revenue per Share
0.2
0.21
0.22
0.22
0.2
0.21
0.18
0.19
0.17
0.18
0.16
0.15
0.17
0.22
0.23
0.24
0.28
Basic EPS, GAAP
-0.65
-0.62
-0.38
-0.29
-0.23
-0.4
-0.27
-0.26
-0.22
-0.27
-0.26
-0.3
-0.31
-0.38
-0.45
-0.58
-0.52
Free Cash Flow per Basic Share
0.16
0.16
0.16
0.16
0.16
0.16
0.16
0.14
0.17
0.17
0.17
0.17
0.22
0.15
0.15
0.16
0.07
Dividend per Share
1.45
1.48
1.43
1.46
1.48
1.51
1.51
1.54
1.56
1.55
1.53
1.5
1.54
1.59
1.67
1.69
1.79
Book Value per Share
-4.81
-5.08
-5.1
-4.98
-4.81
-4.82
-4.75
-4.37
-4.12
-4.18
-4.11
-4.1
-3.87
-3.94
-4.03
-4.44
-4.46
Tangible Book Value per Share
562
562
562
562
562
562
562
663
663
663
663
663
663
663
663
663
647
Basic Weighted Avg Shares
931
847
762
738
714
760
700
698
670
730
705
781
786
948
951
1,020
1,032
Sales/Revenue/Turnover
26.9
32.6
41.46
42.52
42.4
34.21
37.22
37.42
37.68
33.33
31.37
28.1
29.19
26.83
24.7
23.58
24.74
Operating Margin (%)
173
182
197
201
203
209
215
222
235
236
241
242
249
253
255
267
269
Depreciation Expense
110
121
124
121
113
116
100
126
116
119
109
97
112
149
153
160
182
Net Income, GAAP
33.82
32.95
30.67
31.86
26.99
22.02
30.47
25.72
29.32
27.66
24.62
29.55
27.96
19.37
7.89
8.02
9.73
Effective Tax Rate (%)
11.84
14.23
16.22
16.43
15.8
15.28
14.3
18.04
17.28
16.28
15.49
12.44
14.23
15.74
16.03
15.67
17.59
Profit Margin (%)
-436
-245
-1,142
-184
-348
-636
-95
-522
-351
-733
-413
-191
-815
-490
-856
-1,114
-733
Working Capital
1,911
2,354
1,535
2,430
2,208
1,891
2,299
2,205
2,275
2,112
2,261
2,391
1,695
2,023
1,617
1,529
1,774
LT Debt
1,022
1,037
1,028
1,080
1,136
1,161
1,159
1,429
1,464
1,446
1,408
1,410
1,518
1,512
1,552
1,524
1,562
Total Equity
5.01
5.32
5.99
5.63
5.8
5.39
4.88
4.82
4.16
4.09
3.84
3.54
3.74
4.71
5.11
5.35
5.74
Return on Invested Capital (%)
5.47
5.95
6.62
6.57
5.97
5.88
4.78
4.98
4.28
4.29
3.92
3.4
4.14
5.67
6.12
5.94
7.09
Return on Capital (%)
13.29
14.64
15.07
14.93
13.68
13.85
11.81
13.47
11.26
11.51
10.68
9.64
11.08
14.38
14.11
14.33
15.93
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
960
995
604
LT Borrowings
1,469
1,526
1,771
LT Finance Leases
4
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
663
663
663
Market Capitalization
1,980
2,083
2,419

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
276
359
414
Cash, Cash Equivalents & STI
18
30
16
Accounts Receivable, Net
213
257
334
Inventories
3
2
2
Total Current Liabilities
1,430
1,473
1,146
Payables & Accruals
- -
- -
- -
ST Debt
960
995
604
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.99%
1.66%
-1.78%
Free Cash Flow
7.2%
17.88%
28.12%
Net Income, GAAP
4.3%
8.9%
4.79%
Sales/Revenue/Turnover
3.29%
7.9%
7.16%
Total Cash Common Dividend
- -
- -
1.95%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
192
239
240
328
951
2025
219
243
267
306
1,020
2026
217
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.07
0.05
- -
0.23
2025
0.02
0.08
0.06
- -
0.24
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.15
2025
- -
- -
- -
- -
0.16
2026
- -
- -
- -
- -
- -
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Business
REN - Redes Energéticas Nacionais, SGPS, S.A., through its various entities, undertakes the management of critical energy infrastructure across Portugal. Its operations are broadly structured into segments covering electricity, natural gas, and telecommunications. The company serves as the exclusive concessionaire for Portugal's national electricity transmission grid, overseeing its planning, construction, operation, and the overall technical supervision of the national electricity system. Additionally, it holds the concession for the national high-pressure natural gas transportation grid, performing similar functions for the comprehensive management of the gas system. The business scope also includes the reception, storage, and regasification of liquefied natural gas at the Sines terminal, alongside the management of natural gas underground storage facilities, notably at Carriço. Beyond its core energy transmission and storage roles, REN provides advanced telecommunications services through its subsidiary, REN Telecom. This leverages its extensive fiber optic network, originally established for electricity and gas transmission, to offer connectivity, data center services, and various telecommunications solutions to other utilities, telecom operators, and IT integration firms. Internationally, the group maintains a presence in Chile, where it is involved in electricity transmission through Transemel, further strengthened by the acquisition of Transmisora de Energía Nacimiento S.A. (TENSA) in April 2025. This expansion significantly increased its operational footprint in the Chilean electricity transmission sector to approximately 280 kilometers of lines and five substations. REN also holds an interest in Electrogas, which manages a crucial gas pipeline in central Chile, and a stake in Hidroeléctrica de Cahora Bassa in Mozambique. The company has a strong commitment to facilitating Portugal's energy transition, reflected in the fact that renewable sources supplied 61% of the country's electricity consumption in 2023. Furthermore, REN has proposed substantial investments in its gas networks between 2024 and 2033, including projects designed to accommodate hydrogen mixtures. As of 2023, the national electricity transmission system spanned 9,409 kilometers of lines. The national natural gas transmission network extended across 1,375 kilometers of high-pressure pipelines, complemented by a fiber optic telecommunications network covering over 8,100 kilometers. Established in 1994, REN maintains its corporate headquarters in Lisbon, Portugal, employing approximately 800 individuals.