REN - Redes Energéticas Nacionais SGPS S.A./€RENE
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About REN - Redes Energéticas Nacionais SGPS S.A.
REN - Redes Energéticas Nacionais, SGPS, S.A. is a Portuguese utility company established in 1994, specializing in the transmission of electricity and natural gas. The company operates the National Electricity Transmission Grid and the National Natural Gas Transportation Grid, overseeing their planning, construction, operation, and maintenance. REN also manages a liquefied natural gas (LNG) regasification terminal in Sines, Portugal, facilitating LNG storage and transportation. Additionally, through its subsidiary Rentelecom, REN provides telecommunications services, including infrastructure management and fiber optic rentals. Headquartered in Lisbon, Portugal, REN's strategic role in managing critical energy infrastructure positions it as a key player in ensuring the country's energy supply stability.
Ticker
€RENE
Sector
Primary listing
XLIS
Employees
769
Headquarters
Lisbon, Portugal
Website
RENE Metrics
BasicAdvanced
€2.2B
12.76
€0.26
0.21
€0.16
4.68%
Price and volume
Market cap
€2.2B
Beta
0.21
52-week high
€3.40
52-week low
€2.14
Average daily volume
671K
Dividend rate
€0.16
Financial strength
Current ratio
0.227
Quick ratio
0.176
Long term debt to equity
101.722
Total debt to equity
164.944
Dividend payout ratio (TTM)
61.39%
Interest coverage (TTM)
2.91%
Profitability
EBITDA (TTM)
473.641
Gross margin (TTM)
54.56%
Net profit margin (TTM)
16.59%
Operating margin (TTM)
20.69%
Effective tax rate (TTM)
-2.48%
Revenue per employee (TTM)
€1,330,000
Management effectiveness
Return on assets (TTM)
2.47%
Return on equity (TTM)
11.56%
Valuation
Price to earnings (TTM)
12.764
Price to revenue (TTM)
2.179
Price to book
1.51
Price to tangible book (TTM)
-0.8
Price to free cash flow (TTM)
5.845
Free cash flow yield (TTM)
17.11%
Free cash flow per share (TTM)
0.575
Dividend yield (TTM)
4.68%
Growth
Revenue change (TTM)
7.08%
Earnings per share change (TTM)
28.39%
3-year revenue growth (CAGR)
7.91%
10-year revenue growth (CAGR)
2.70%
3-year earnings per share growth (CAGR)
19.03%
10-year earnings per share growth (CAGR)
0.37%
3-year dividend per share growth (CAGR)
-15.47%
10-year dividend per share growth (CAGR)
-5.91%
Bulls say / Bears say
REN reported a robust first-half performance with net profit of €65.7 million on revenues of €494.8 million and EBITDA of €256.6 million, demonstrating resilient operations amid market challenges.
The board approved a final dividend of €0.157 per share for FY 2024, with remaining €0.093 payable in May 2025, underlining a shareholder-friendly payout and a yield above 5%.
The Portuguese government earmarked €400 million for grid management and battery storage upgrades after the April blackout, with REN tasked to install critical equipment, enhancing long-term reliability and reducing outage risk.
Regulator’s proposal for only a 1% increase in regulated electricity tariffs for 2026, below the government’s projected 2% inflation rate, constrains revenue growth for REN’s core transmission business.
REN faces increased capital expenditures to install government-mandated grid enhancements—such as shunt devices and voltage regulation equipment—following the April blackout, without commensurate tariff adjustments, straining its free cash flow.
Persistent caps on electricity import capacity from Spain—ranging between 1,500 MW and 2,500 MW during peak hours—reduce opportunities for cross-border trading revenues and underscore the grid’s operational vulnerability.
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for REN - Redes Energéticas Nacionais SGPS S.A. stock?
REN - Redes Energéticas Nacionais SGPS S.A. (RENE) has a market cap of €2.2B as of November 08, 2025.
What is the P/E ratio for REN - Redes Energéticas Nacionais SGPS S.A. stock?
The price to earnings (P/E) ratio for REN - Redes Energéticas Nacionais SGPS S.A. (RENE) stock is 12.76 as of November 08, 2025.
Does REN - Redes Energéticas Nacionais SGPS S.A. stock pay dividends?
Yes, the REN - Redes Energéticas Nacionais SGPS S.A. (RENE) stock pays dividends to shareholders. As of November 08, 2025, the dividend rate is €0.157 and the yield is 4.68%. REN - Redes Energéticas Nacionais SGPS S.A. has a payout ratio of 61.39% on a trailing twelve-month basis.
When is the next REN - Redes Energéticas Nacionais SGPS S.A. dividend payment date?
The next REN - Redes Energéticas Nacionais SGPS S.A. (RENE) dividend payment date is unconfirmed.
What is the beta indicator for REN - Redes Energéticas Nacionais SGPS S.A.?
REN - Redes Energéticas Nacionais SGPS S.A. (RENE) has a beta rating of 0.21. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.