Repsol (ES:REP)
BME:REP
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Repsol
(BME:REP)
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Rating:68Neutral
Price Target:
€24.00
▲(21.70% Upside)
Action:Reiterated
Date:05/10/26
The score is supported most by attractive valuation (low P/E and ~4.5% dividend yield). Financial performance is mid-range due to improved recent profitability but still-compressed margins versus 2021–2023, rising leverage, and mixed free-cash-flow quality. Technicals are moderately positive on longer-term trend, with neutral near-term momentum.
Positive Factors
Integrated business model
Repsol’s integration across exploration, refining, trading, chemicals and retail creates durable margin capture across the value chain. This vertical scope supports earnings diversification, operational optimization (crude-to-products arbitrage) and resilience to single-segment shocks over the medium term.
Negative Factors
Rising leverage
Material increase in leverage constrains balance-sheet flexibility and raises interest and refinancing risk. Higher indebtedness limits capacity to fund capex or acquisitions, reduces buffers against commodity cycles, and could force tougher capital-allocation tradeoffs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated business model
Repsol’s integration across exploration, refining, trading, chemicals and retail creates durable margin capture across the value chain. This vertical scope supports earnings diversification, operational optimization (crude-to-products arbitrage) and resilience to single-segment shocks over the medium term.
Read all positive factors
Repsol (REP) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€24.36B
Dividend Yield6.18%
Average Volume (3M)3.97M
Price to Earnings (P/E)7.5
Beta (1Y)0.27
Revenue Growth-0.48%
EPS Growth124.35%
CountryES
Employees25,136
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)2.19
Shares Outstanding1,105,374,400
10 Day Avg. Volume4,191,026
30 Day Avg. Volume3,972,537
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)0.74
Price to Sales (P/S)0.34
P/FCF Ratio15.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€26.60Price Target Upside34.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)3.77
Revenue Forecast (FY)€66.95B
Repsol Business Overview & Revenue Model
Company Description
Repsol, S.A. operates as an integrated energy company worldwide. Its Exploration and Production segment engages in the exploration, development, and production of crude oil and natural gas reserves. The company's Industrial segment is involved in ...
How the Company Makes Money
Repsol makes money primarily through an integrated set of energy businesses spanning upstream, industrial, and customer-facing activities. (1) Upstream (Exploration & Production): Repsol generates revenue from producing and selling crude oil and n...
Repsol Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
60
Neutral
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.07B | 54.86B | 57.12B | 58.95B | 69.29B | 49.74B |
| Gross Profit | 10.84B | 7.37B | 7.75B | 9.47B | 16.11B | 10.10B |
| EBITDA | 6.34B | 5.13B | 5.61B | 7.22B | 9.93B | 6.74B |
| Net Income | 2.46B | 1.90B | 1.76B | 3.17B | 4.25B | 2.50B |
Balance Sheet | ||||||
| Total Assets | 65.05B | 59.43B | 63.19B | 61.63B | 59.96B | 56.25B |
| Cash, Cash Equivalents and Short-Term Investments | 8.17B | 7.98B | 6.43B | 8.87B | 9.01B | 7.84B |
| Total Debt | 17.17B | 16.47B | 12.19B | 10.56B | 13.36B | 14.49B |
| Total Liabilities | 39.38B | 31.81B | 34.09B | 32.56B | 33.99B | 33.46B |
| Stockholders Equity | 23.04B | 25.14B | 26.49B | 26.20B | 25.29B | 22.41B |
Cash Flow | ||||||
| Free Cash Flow | 1.27B | 1.21B | 240.00M | 2.22B | 4.30B | 2.77B |
| Operating Cash Flow | 5.18B | 4.96B | 4.96B | 6.51B | 7.83B | 4.68B |
| Investing Cash Flow | -4.61B | -4.95B | -2.69B | -5.85B | -4.10B | -2.93B |
| Financing Cash Flow | -584.00M | -1.28B | -1.64B | -3.05B | -2.83B | -529.00M |
Repsol Technical Analysis
Negative
19.72
Price Trends
22.55
Negative
19.94
Positive
17.37
Positive
Market Momentum
0.17
Positive
45.56
Neutral
25.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:REP, the sentiment is Negative. The current price of 19.72 is below the 20-day moving average (MA) of 22.38, below the 50-day MA of 22.55, and above the 200-day MA of 17.37, indicating a neutral trend. The MACD of 0.17 indicates Positive momentum. The RSI at 45.56 is Neutral, neither overbought nor oversold. The STOCH value of 25.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:REP.
Repsol Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €28.53B | 11.32 | 23.65% | 6.66% | 0.98% | 9.89% | |
69 Neutral | €37.24B | 12.89 | 27.50% | 4.32% | -1.55% | 9.15% | |
68 Neutral | €24.36B | 7.52 | 10.51% | 6.18% | -0.48% | 124.35% | |
62 Neutral | €130.75B | 18.97 | 11.79% | 2.92% | -0.50% | 19.02% | |
60 Neutral | €13.90B | ― | 18.00% | 2.87% | 5.45% | 90.20% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €4.49B | 19.58 | 11.42% | 7.01% | 9.22% | ― |
* General Sector Average
ES:REP
Repsol
21.75
10.60
95.03%
ES:ANA
Acciona
256.80
124.85
94.61%
ES:ENG
Enagas SA
17.18
3.69
27.38%
ES:ELE
Endesa SA
36.45
10.27
39.23%
ES:NTGY
Naturgy Energy Group, S.A.
29.72
5.16
21.01%
ES:IBE
Iberdrola
19.73
4.05
25.82%
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.