Repsol, S.A.

BME-REP

Basic

Market Cap
€15.48B
EV
€23.19B
Shares Out
1,176.47M
Revenue
€54.58B
Employees
25,395

Margins

Gross
28.57%
EBITDA
12.42%
Operating
8.46%
Pre-Tax
8.17%
Net
6.18%
FCF
0.61%

Returns (5Yr Avg)

ROA
0.94%
ROTA
2.48%
ROE
2.48%
ROCE
8.8%
ROIC
5.45%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
€17.29
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
€7,367M
Net Debt
€5,100M
Debt/Equity
0.43
EBIT/Interest
9.67

Growth (CAGR)

Rev 3Yr
18.89%
Rev 5Yr
3.93%
Rev 10Yr
2.88%
Dil EPS 3Yr
124.82%
Dil EPS 5Yr
19.05%
Dil EPS 10Yr
20.11%
Rev Fwd 2Yr
-2.25%
EBITDA Fwd 2Yr
-6.44%
EPS Fwd 2Yr
-13.41%
EPS LT Growth Est
-5.11%

Dividends

Yield
—
Payout
18.4%
DPS
€0.5
DPS Growth 3Yr
-5.9%
DPS Growth 5Yr
-11.4%
DPS Growth 10Yr
0.31%
DPS Growth Fwd 2Yr
6.96%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Impairment of Oil, Gas & Mineral Properties						690	116	245	217	—	—
Total Revenues						42,478	28,249	44,529	69,291	53,118	54,579
Total Revenues % Chg.						-2.5%	-33.5%	57.6%	55.6%	-23.3%	-8.2%
Cost of Goods Sold, Total						31,102	21,240	32,512	50,866	38,272	38,988
Gross Profit						11,376	7,009	12,017	18,425	14,846	15,591
Selling General & Admin Expenses, Total						3,430	3,242	3,018	3,908	4,115	4,289
Exploration / Drilling Costs, Total						120	86	53	133	60	60
Depreciation & Amortization						2,314	2,121	1,951	2,206	2,376	2,580
Impairment of Oil, Gas & Mineral Properties						690	116	245	217	—	—
Other Operating Expenses						2,751	2,057	2,585	3,722	3,695	4,042
Other Operating Expenses, Total						9,305	7,622	7,852	10,186	10,246	10,971
Operating Income						2,071	-613	4,165	8,239	4,600	4,620
Interest Expense, Total						-576	-540	-406	-415	-450	-478
Interest And Investment Income						226	182	159	227	583	584
Net Interest Expenses						-350	-358	-247	-188	133	106
Income (Loss) On Equity Invest.						351	-609	301	989	34	129
Currency Exchange Gains (Loss)						-27	406	-131	-434	242	-97
Other Non Operating Income (Expenses)						76	-189	649	953	-338	-69
EBT, Excl. Unusual Items						2,121	-1,363	4,737	9,559	4,671	4,689
Restructuring Charges	—	—			—	—	—	—	—	—	—
Impairment of Goodwill						-868	-667	—	—	—	—
Gain (Loss) On Sale Of Investments		—	—	—	—	—	—	—	—	—	—
Gain (Loss) On Sale Of Assets						147	102	10	77	4	22
Asset Writedown						-3,764	-1,376	-418	-2,456	-310	-250
Legal Settlements	—	—		—	—	-837	—	—	—	—	—
Other Unusual Items					—	—	—	—	—	—	—
EBT, Incl. Unusual Items						-3,201	-3,304	4,329	7,180	4,365	4,461
Income Tax Expense						588	16	1,801	2,835	1,081	1,073
Earnings From Continuing Operations						-3,789	-3,320	2,528	4,345	3,284	3,388
Earnings Of Discontinued Operations		—				—	—	—	—	—	—
Minority Interest						-27	31	-29	-94	-116	-14
Net Income						-3,816	-3,289	2,499	4,251	3,168	3,374
Preferred Dividend and Other Adjustments	—					29	54	60	60	60	60
Net Income to Common Incl Extra Items						-3,845	-3,343	2,439	4,191	3,108	3,314
Net Income to Common Excl. Extra Items						-3,845	-3,343	2,439	4,191	3,108	3,314
Total Shares Outstanding						1,485.3	1,507.8	1,463.3	1,327.2	1,216.8	1,176.5
Weighted Avg. Shares Outstanding						1,649	1,572	1,491	1,414	1,264	1,219.5
Weighted Avg. Shares Outstanding Dil						1,649	1,572	1,491	1,414	1,264	1,219.5
EPS						-2.3	-2.1	1.6	3	2.5	2.7
EPS Diluted						-2.3	-2.1	1.6	3	2.5	2.7
EBITDA						4,844	1,433	6,008	9,961	6,556	6,780
Effective Tax Rate						-18.4%	-0.5%	41.6%	39.5%	24.8%	24.1%