Added to YB: 2025-09-15
Pitch date: 2025-09-11
RED.MC [neutral]
Redeia Corporación, S.A.
-9.41%
current return
Author Info
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Company Info
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.
Market Cap
EUR 8.8B
Pitch Price
EUR 16.47
Price Target
N/A
Dividend
4.90%
EV/EBITDA
11.75
P/E
17.32
EV/Sales
8.66
Sector
Electric Utilities
Category
N/A
Redeia (RED Spain): regulatory clarity sets the stage for the next cycle
RED.MC (update): Spain regulatory framework 2026-31 approved w/ 6.5% return rate (+50bps) but opex cuts of 6-13% neutralize gains (-€60M annual rev). €9B capex plan through 2030, work-in-progress recognition eases financing on major projects. Stable utility compounder w/ clear visibility.
Read full article (2 min)