Want to see ES:REP full AI Analyst Report?
Top Page
Repsol
(BME:REP)
Select Model
Select Model
Rating:69Neutral
Price Target:
€29.00
▲(13.55% Upside)
Action:Reiterated
Date:07/24/26
The score is driven primarily by improved financial performance (rebounding revenue/margins and better balance-sheet metrics), supported by reasonable valuation (P/E ~12.1 and ~4.0% dividend yield). Technicals are constructive but capped by overbought momentum signals (RSI ~78.7, Stoch ~97.4), which raise near-term pullback risk.
Positive Factors
Integrated, diversified business model
Repsol’s integrated model spans upstream, refining, chemicals, trading and renewables, providing multiple cash sources and vertical margin capture. This structural diversification reduces single-market dependence and supports resilience and capital allocation flexibility over the medium term.
Negative Factors
Weak cash conversion of reported earnings
FCF equal to only ~25% of net income shows a persistent gap between accounting profits and cash reality. Low cash conversion constrains dividends, capex funding and re-investment without external financing, and increases sensitivity to working-capital swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated, diversified business model
Repsol’s integrated model spans upstream, refining, chemicals, trading and renewables, providing multiple cash sources and vertical margin capture. This structural diversification reduces single-market dependence and supports resilience and capital allocation flexibility over the medium term.
Read all positive factors
Repsol (REP) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€28.87B
Dividend Yield3.98%
Average Volume (3M)3.97M
Price to Earnings (P/E)8.5
Beta (1Y)0.20
Revenue Growth10.40%
EPS Growth396.76%
CountryES
Employees24,523
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)3.10
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
€28.25Price Target Upside10.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)4.6
Revenue Forecast (FY)€70.02B
Repsol Business Overview & Revenue Model
Company Description
Repsol, S.A. is a global integrated energy corporation, headquartered in Madrid, Spain, and established in 1927. Its operations span the entire energy value chain, structured into three primary segments. The Exploration and Production division foc...
How the Company Makes Money
Repsol makes money primarily through a diversified set of revenue streams across upstream and downstream energy operations, with additional contributions from power and other low-carbon activities. Upstream (Exploration & Production): Repsol gener...
Repsol Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
70
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.87B | 54.86B | 57.12B | 58.95B | 69.29B | 49.74B |
| Gross Profit | 13.36B | 7.37B | 7.75B | 9.47B | 16.11B | 10.10B |
| EBITDA | 8.29B | 5.19B | 5.61B | 7.22B | 9.93B | 6.74B |
| Net Income | 3.50B | 1.90B | 1.76B | 3.17B | 4.25B | 2.50B |
Balance Sheet | ||||||
| Total Assets | 62.64B | 59.43B | 63.19B | 61.63B | 59.96B | 56.25B |
| Cash, Cash Equivalents and Short-Term Investments | 8.02B | 7.98B | 6.43B | 8.87B | 9.01B | 7.84B |
| Total Debt | 12.79B | 16.47B | 12.19B | 10.56B | 13.36B | 14.49B |
| Total Liabilities | 33.78B | 31.81B | 34.09B | 32.56B | 33.99B | 33.46B |
| Stockholders Equity | 26.29B | 25.14B | 26.49B | 26.20B | 25.29B | 22.41B |
Cash Flow | ||||||
| Free Cash Flow | 1.82B | 1.21B | 240.00M | 2.22B | 4.30B | 2.77B |
| Operating Cash Flow | 5.55B | 4.96B | 4.96B | 6.51B | 7.83B | 4.68B |
| Investing Cash Flow | -4.96B | -4.95B | -2.69B | -5.85B | -4.10B | -2.93B |
| Financing Cash Flow | -1.02B | -1.28B | -1.64B | -3.05B | -2.83B | -529.00M |
Repsol Technical Analysis
Positive
25.54
Price Trends
22.88
Positive
22.49
Positive
19.27
Positive
Market Momentum
1.03
Negative
70.79
Negative
89.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:REP, the sentiment is Positive. The current price of 25.54 is above the 20-day moving average (MA) of 24.59, above the 50-day MA of 22.88, and above the 200-day MA of 19.27, indicating a bullish trend. The MACD of 1.03 indicates Negative momentum. The RSI at 70.79 is Negative, neither overbought nor oversold. The STOCH value of 89.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | €27.82B | 13.16 | 23.71% | 5.95% | ― | ― | |
71 Outperform | €43.58B | 16.81 | 31.00% | 3.87% | -1.29% | 26.14% | |
69 Neutral | €28.87B | 8.51 | 14.10% | 4.07% | 10.40% | 396.76% | |
62 Neutral | €136.18B | 19.12 | 13.55% | 3.23% | 0.95% | 33.17% | |
60 Neutral | €13.04B | 16.19 | 17.35% | 2.28% | 7.62% | -56.65% | |
60 Neutral | €4.42B | 20.18 | 9.55% | 5.69% | 3.44% | 156.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
ES:REP
Repsol
26.38
14.05
113.93%
ES:ANA
Acciona
238.60
75.11
45.94%
ES:ENG
Enagas SA
16.92
4.31
34.20%
ES:ELE
Endesa SA
42.36
17.64
71.39%
ES:NTGY
Naturgy Energy Group, S.A.
28.96
2.50
9.46%
ES:IBE
Iberdrola
20.65
5.56
36.89%
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.