Redeia Corporación (ES:RED)
BME:RED
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Redeia Corporación
(BME:RED)
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Rating:62Neutral
Price Target:
€16.50
▲(14.42% Upside)
Action:ReiteratedDate:02/28/26
The score is driven primarily by solid profitability and improved leverage, offset by weak and volatile free cash flow in recent periods. Technicals are neutral with modest near-term support but below the 200-day average. Valuation is supportive due to a reasonable P/E and a ~4.1% dividend yield.
Positive Factors
Regulated transmission and fiber leasing
Redeia's core revenues are anchored in regulated electricity transmission tariffs and recurring fiber leasing agreements. This durable mix creates predictable cash flows and long-term customer contracts, supporting steady utility-like revenue and resilience versus cyclical markets.
Negative Factors
Volatile and weak free cash flow
Operating cash flow is positive but conversion to free cash flow is inconsistent, with recent FCF turning negative then zero. Persistent weak FCF signals heavy capex or working-capital pressure, limiting cash available for debt reduction, dividends or growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated transmission and fiber leasing
Redeia's core revenues are anchored in regulated electricity transmission tariffs and recurring fiber leasing agreements. This durable mix creates predictable cash flows and long-term customer contracts, supporting steady utility-like revenue and resilience versus cyclical markets.
Read all positive factors
Redeia Corporación (RED) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€7.77B
Dividend Yield4.27%
Average Volume (3M)1.48M
Price to Earnings (P/E)16.2
Beta (1Y)0.23
Revenue Growth-23.15%
EPS Growth-39.13%
CountryES
Employees1,962
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)0.21
Shares Outstanding541,080,000
10 Day Avg. Volume1,572,480
30 Day Avg. Volume1,475,781
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)1.56
Price to Sales (P/S)4.95
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€15.94Price Target Upside10.54% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)0.94
Revenue Forecast (FY)€1.72B
Redeia Corporación Business Overview & Revenue Model
Company Description
Redeia Corporación, S.A. engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. Its transmission network comprises approximately 45,019 kilo...
How the Company Makes Money
Redeia Corporación generates revenue through multiple streams, primarily from the transmission of electricity and the provision of telecommunications services. Its core revenue model is based on regulated tariffs for electricity transmission, whic...
Redeia Corporación Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
63
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.66B | 1.59B | 2.06B | 2.02B | 1.95B |
| Gross Profit | 1.04B | 1.63B | 2.08B | 2.04B | 1.99B |
| EBITDA | 1.20B | 1.28B | 1.52B | 1.48B | 1.53B |
| Net Income | 505.60M | 368.44M | 689.64M | 664.73M | 680.63M |
Balance Sheet | |||||
| Total Assets | 15.35B | 15.09B | 14.48B | 14.78B | 13.98B |
| Cash, Cash Equivalents and Short-Term Investments | 602.42M | 923.26M | 714.66M | 1.55B | 1.60B |
| Total Debt | 6.77B | 6.40B | 5.80B | 6.24B | 7.32B |
| Total Liabilities | 8.20B | 9.83B | 8.96B | 9.89B | 10.30B |
| Stockholders Equity | 5.25B | 5.15B | 5.41B | 4.79B | 3.63B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -123.00M | -464.35M | 1.03B | 1.05B |
| Operating Cash Flow | 1.01B | 955.63M | 491.90M | 1.57B | 1.61B |
| Investing Cash Flow | -717.50M | -947.38M | -66.47M | -1.64B | -537.64M |
| Financing Cash Flow | -636.80M | 324.46M | -547.20M | -708.19M | 22.32M |
Redeia Corporación Technical Analysis
Negative
14.42
Price Trends
15.08
Negative
15.05
Negative
15.86
Negative
Market Momentum
-0.21
Positive
35.77
Neutral
16.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:RED, the sentiment is Negative. The current price of 14.42 is below the 20-day moving average (MA) of 14.85, below the 50-day MA of 15.08, and below the 200-day MA of 15.86, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 35.77 is Neutral, neither overbought nor oversold. The STOCH value of 16.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:RED.
Redeia Corporación Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €25.13B | 12.42 | 24.33% | 6.66% | 2.66% | 1.26% | |
66 Neutral | €38.06B | 14.75 | 26.20% | 4.32% | -2.54% | 103.14% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | €7.77B | 16.24 | 8.88% | 4.27% | -23.15% | -39.13% | |
62 Neutral | €131.72B | 19.63 | 11.50% | 2.92% | 0.50% | -19.06% | |
55 Neutral | €4.44B | 179.64 | 11.78% | 7.01% | 5.35% | ― | |
52 Neutral | €6.83B | 11.10 | 12.80% | 2.02% | 2.05% | 307.60% |
* Utilities Sector Average
ES:RED
Redeia Corporación
14.42
-3.45
-19.32%
ES:ENG
Enagas SA
16.99
4.43
35.29%
ES:ELE
Endesa SA
35.95
12.35
52.34%
ES:NTGY
Naturgy Energy Group, S.A.
26.16
2.28
9.53%
ES:IBE
Iberdrola
19.72
5.25
36.24%
ES:ANE
Corporacion Acciona Energias Renovables SA
21.02
4.38
26.31%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.