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EDP - Energias de Portugal S.A. (EDP) Fair Value & Analysis

Utilities · PT · Market cap €18.2B · ISIN PTEDP0AM0009

What is EDP - Energias de Portugal S.A. really worth?

EE EDP - Energias de Portugal S.A. EDP · LS
Price€4.65
Fair Value€3.81
Upside−18.1%
Quality43/100

Below-average quality, and trading another 22% above our fair value of €3.81.

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Risks

!Weak Growth (revenue 5y +4.6 %/yr)
!Thin margins · 7.1% net margin
!High debt · negative free cash flow
!Trails peers (5/14)
!Narrow moat 42/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 9 out of 100
!Weak on balance sheet: 16 out of 100

For context

·4.41% dividend yield
Evidence: Medium Range €2.67 – €4.95

Fair value as of: Aug 27, 2026

From 12 valuation models · updated 9 days ago

Share price +4.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (€2.67 to €4.95) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

€4.72 €2.58 Fair Value €3.81 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range €2.58 – €4.72 · fair‑value band €2.67 – €4.95 · the €4.65 price screens above the €3.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

EDP - Energias de Portugal S.A. (EDP) currently trades at €4.65, while our model-based Fair Value estimate is €3.81, implying the stock looks roughly 22.0% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Utilities sector. Bull case: the Multiples group reads highest at a median of €4.73 per share, and 5 of the 12 models we run sit above the €4.65 price. Bear case: the Earnings-Based group reads lowest at €1.82, and 7 of the 12 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, EDP - Energias de Portugal S.A. generated revenue of €15.6B at a net margin of 7.1%. Revenue declined 0.8% year over year. It earns a return on equity of 7.8%. Net debt stands at €18.5B. Fundamentals as of Aug 27, 2026

Our scenario range runs from €2.67 (bear case) to €4.95 (bull case); at €4.65, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at −18%, EDP screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.0440 per share, which is 1.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence €2.42 €2.70 €4.34 75
EPV €1.04 €1.82 €2.51 71
ROIC Compounder €1.04 €1.82 €2.51 70
All 12 models by family
Earnings-Based
Graham-Dodd €1.89 €3.09 €3.75 67
EPV €1.04 €1.82 €2.51 71
Multiples
P/E Multiple €3.75 €5.01 €6.26 63
P/S Multiple €3.55 €4.73 €5.91 58
P/B Multiple €3.55 €4.73 €5.91 55
EV/EBIT €2.97 €5.19 €7.41 64
EV/EBITDA €4.32 €6.98 €9.65 66
EV/Revenue €1.70 €4.01 €6.31 50
Asset-Based
NCAV (Graham) €1.37 €1.84 €2.74 54
Economic Profit
Residual Income best evidence €2.42 €2.70 €4.34 75
ROIC Compounder €1.04 €1.82 €2.51 70
Growth Earnings
Growth-Adj P/E €2.67 €3.81 €4.95 67

Widest divergence: Multiples (€4.73) versus Earnings-Based (€1.82). Highest evidence: Residual Income (75).

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Key figures & financial health

P/E ratio 17.2
P/S ratio 1.27 P/E × margin
EPS (TTM) €0.2700 price ÷ EPS = P/E 17.2
Dividend yield 4.4% payout 75.9%
Net margin 7.4% FY2025
Return on equity 7.8% TTM
More key figures
Profitability
Return on assets (EBIT) 3.1% avg 5y
Operating margin 16.1% TTM
Growth
Revenue (TTM) €15.6B TTM
Revenue growth (YoY) −0.8% 3y avg −8.9%
EPS growth (YoY) −10.0%
Balance sheet & cash flow
Free cash flow −€1.0B FY2025
Net debt €18.5B FY2025

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 41 · Market factors (momentum, volatility) 72

Profitability 28
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 77
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

EDP, S.A. engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.

Full company description

EDP, S.A. engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments. The company generates and sells electricity through hydro, combined-cycle gas turbine, coal, wind, solar, nuclear, and cogeneration and waste sources. The company is also involved in the supply of natural gas. In addition, it offers engineering, laboratory tests, professional training, and energy services, as well as property management services. The company was formerly known as EDP - Energias de Portugal, S.A. and changed its name to EDP, S.A. in April 2024. The company was incorporated in 1976 and is headquartered in Lisbon, Portugal.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EDP - Energias de Portugal S.A. reported revenue of €15.6B in FY2025 versus €15.0B in FY2021, a compound +1.0%/yr. Reported net income was €1.1B in FY2025, compounding +15.0%/yr from FY2021.

Growth Quality 30/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€15.6B
Latest YoY
+4.3%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−8.9%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.6%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−14.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+15.2% (10.8 + 4.4)
Revenue +1.0%/yr
FY21 €15.0B
FY22 €20.7B
FY23 €16.2B
FY24 €15.0B
FY25 €15.6B
Net income +15.0%/yr
FY21 €657M
FY22 €679M
FY23 €952M
FY24 €801M
FY25 €1.1B
Character of growth · EPS growth decomposed (2011-2022) −4.8 % p.a.
Revenue per share −0.5 %

of which total revenue +0.1 % · buybacks/dilution −0.7 %

EBIT margin −6.4 %
Tax rate −1.8 %
Residual (interest, one-offs) +4.1 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

EDP screens 22% overvalued. Compare with Iberdrola, S.A →

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Cite: Fair Value Calculator (2026). "EDP - Energias de Portugal S.A. Fair Value". https://www.fairvalue-calculator.com/stock/EDP

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Utilities - Diversified · 52 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 43 · Below median
Fair Value upside −18% · Above median
Return on equity (TTM) 8% · Below median
Return on assets 2% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 16% · Above median
Revenue growth −1% · Below median
Dividend yield (TTM) 4.4% · Above median
Debt / equity 1.69× · Higher than 75% of peers

Valuation Multiples vs Utilities - Diversified median · lower = cheaper

P/E (TTM) 17.2× · Cheaper than median
P/B 1.87× · Pricier than median
P/S (TTM) 1.36× · Pricier than median
EV/EBITDA 9.5× · Pricier than median
PEG 2.36× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE9 · sector 5
FUTURE0 · sector 6
PAST31 · sector 37
HEALTH16 · sector 48
DIVIDEND88 · sector 81

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Iberdrola, S.A IBE €20.28 €8.45 −58%
Enel SpA ENEL €9.42 €4.82 −49%
Engie SA ENGI €24.50 €21.15 −14%
Sempra SRE $84.57 $44.47 −47%
E.ON SE EOAN €17.83 €11.71 −34%
RWE Aktiengesellschaft generates and RWE €59.10 €55.77 −6%
ACWA Power Company 2082 184.00 SAR 24.19 SAR −87%
Brookfield Infrastructure Partners L.P. BIPUN C$54.99 C$34.34 −38%
EnBW Energie Baden-Württemberg AG EBK €68.60 €21.11 −69%
Origin Energy Limited ORG A$11.89 A$7.70 −35%

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Frequently asked questions

Is EDP - Energias de Portugal S.A. (EDP) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of €3.81 versus a price of €4.65, about −18% upside (overvalued).
What is the fair value of EDP?
Our model-based fair value for EDP - Energias de Portugal S.A. is €3.81 (as of Aug 27, 2026), built from audited fundamentals. The current price: €4.65.
What is the quality score of EDP?
EDP - Energias de Portugal S.A. has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of EDP - Energias de Portugal S.A. (EDP)?
EDP - Energias de Portugal S.A. reported trailing-twelve-month revenue of about €15.6B (latest available figure, as of Aug 27, 2026).
What is the net profit margin of EDP?
The net profit margin of EDP - Energias de Portugal S.A. is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. Based on the latest reported figures.
Does EDP - Energias de Portugal S.A. pay a dividend?
EDP - Energias de Portugal S.A. currently shows a dividend yield of about 4.41% relative to its recent price (as of Aug 27, 2026).
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