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EDP, S.A (EDP) Fair Value & Analysis

Utilities · PT · Market cap €18.2B

ES EDP, S.A EDP · LS
Price€4.47
Fair Value€3.81
Upside-14.7%
Quality43/100
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Expensive Growth
Thin margins · 7.1% net margin
High debt · negative free cash flow
4.69% dividend yield
Trails peers (5/14)
Narrow moat 42/100
Evidence: Medium Range €2.67 – €5.27 Share as image

Fair value as of: Jul 16, 2026

From 12 valuation models · updated 25 days ago

Share price −2.4% over the past month.

Below-average quality, and screening another 15% overvalued on our models.

What matters now

  • A fairly wide model range (€2.67 to €5.27) leaves room in how you read the outcome.
  • Our model range runs from €2.67 (bear) to €5.27 (bull), base €3.81. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

€4.69 €2.58 Fair Value €3.81 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €2.58 – €4.69 · fair‑value band €2.67 – €5.27 · the €4.47 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 Jul 16, 2026.

Full chart & analysis →

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Analysis

EDP, S.A (EDP) currently trades at €4.47, while our model-based Fair Value estimate is €3.81, implying the stock looks roughly 14.7% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, EDP, 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 Jul 16, 2026

Our scenario range runs from €2.67 (bear case) to €5.27 (bull case); at €4.47, 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 about 2% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -48% fair-value upside, at -15%, EDP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income €2.42 €2.70 €4.34 76
ROIC Compounder €1.04 €1.82 €2.51 72
Growth-Adj P/E €2.67 €3.81 €4.95 68
All 12 models by family
Earnings-Based
Graham-Dodd €1.89 €3.09 €3.75 54
EPV €1.04 €1.82 €2.51 59
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 53
EV/EBITDA €4.32 €6.98 €9.65 54
EV/Revenue €1.70 €4.01 €6.31 43
Asset-Based
NCAV (Graham) €1.37 €1.84 €2.74 50
Economic Profit
Residual Income €2.42 €2.70 €4.34 76
ROIC Compounder €1.04 €1.82 €2.51 72
Growth Earnings
Growth-Adj P/E €2.67 €3.81 €4.95 68

Widest divergence: Multiples (€4.73) versus Earnings-Based (€1.82). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €15.6B
Revenue growth (YoY) -0.8%
Net margin 7.1%
Return on equity 7.8%
Free cash flow −€1.0B FY2025
P/E ratio 16.3
More key figures
Operating margin 16.1%
EPS (TTM) €0.2700
Dividend yield 4.7%
EPS growth (YoY) -10.0%
Net debt €18.5B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 41 · Market factors (momentum, volatility) 71

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 56
Price trend over the last 3–12 months (market factor)
52W Momentum 78
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.

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, 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
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€15.6B
Latest YoY
+4.3%
Avg. growth/yr (3Y)
−8.9%
Avg. growth/yr (5Y)
+4.6%
Avg. growth/yr (25Y)
−14.4%
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

EDP screens 15% overvalued. Compare with Iberdrola, S.A →

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Cite: Fair Value Calculator (2026). "EDP, 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 · 51 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 −15% · 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) 4.7% · Above median
Debt / equity 1.69× · Higher than 75% of peers

Valuation Multiples vs Utilities - Diversified median · lower = cheaper

P/E (TTM) 16.3× · Cheaper than median
P/B 1.86× · Pricier than median
P/S (TTM) 1.35× · Pricier than median
EV/EBITDA 9.5× · Pricier than median
PEG 2.36× · Pricier than median

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.

VALUE 14 · sector 14
FUTURE 0 · sector 0
PAST 31 · sector 33
HEALTH 16 · sector 49
DIVIDEND 94 · sector 80

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Iberdrola, S.A IBE €21.25 €9.34 -56%
Enel SpA ENEL €10.28 €5.83 -43%
Engie SA 1ENGI €26.59 €17.39 -35%
Sempra SRE $93.15 $47.77 -49%
E.ON SE EOAN €19.34 €11.71 -39%
RWE Aktiengesellschaft generates and 1RWE €56.52 €29.64 -48%
ACWA Power Company 2082 198.20 SAR 25.38 SAR -87%
Brookfield Infrastructure Partners L.P. BIPUN C$55.05 C$17.66 -68%
EnBW Energie Baden-Württemberg AG EBK €69.00 €21.11 -69%
Origin Energy Limited ORG A$10.38 A$10.36 -0%

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Frequently asked questions

Is EDP, S.A (EDP) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €3.81 versus a price of €4.47, about −15% (overvalued).
What is the fair value of EDP?
Our model-based fair value for EDP, S.A is €3.81 (as of Jul 16, 2026), built from audited fundamentals. The current price is €4.47.
What is the quality score of EDP?
EDP, 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, S.A (EDP)?
EDP, S.A reported trailing-twelve-month revenue of about €15.6B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of EDP?
The net profit margin of EDP, 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, S.A pay a dividend?
EDP, S.A currently shows a dividend yield of about 4.69% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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