Company  Sector  Country
ALPHAVALUE SEARCH
 
     
 
Forgotten password ?
LOG IN

Repsol

  REP SM

Integrated Oils, Explor. & Productn., R...
 /  Spain 
Brazilian disposal to finance heavy investments
Updates
26/08/2010Target Change
Change in Target Price€ 21.9 vs 21.5+2.18 %

Model adjustments following the Q2 10 earnings report led to a slight increase in our EPS, due to better than expected earnings and higher production for both 2010 and 2011.

Brazilian disposal to finance heavy in...
16/08/2010M&A /Corp. Action
Repsol YPF is planning to sell shares i...
30/07/2010Earnings/sales releases
Q2 results – Three points to highlight:...
20/05/2010Other news/comments
As the group announced a couple of ...
17/05/2010Earnings/sales releases
Q1 10 Results+Strategy presentation: ...
02/03/2010Earnings/sales releases
Q4 results - 3 items to highlight: Res...
17/11/2009Earnings/sales releases
Q3 results: cost savings of €611m, de...
30/07/2009Latest
Q2 results – Positive surprise on net ...
11/05/2009Latest
Q1 results: Repsol reported CCS adju...
27/02/2009Latest
2008 earnings release: Adjusted net in...
Summary Key Data
  12/08A
12/09A
12/10E
12/11E
12/12E
AlphaValue P/E (x) 9.75 14.8
Dividend yield (%) 4.99 5.36
EV/EBITDA (x) 4.93 6.40
AlphaValue EPS (€) 2.16 1.07
Dividend (€) 1.05 0.85
Sales (€M) 58,475 49,032
EBITDA (€M) 8,060 6,748
Attributable net profit (€M) 2,555 1,559
ROE (after tax) (%) 13.3 7.84
ROCE (%) 10.8 5.40
Gearing (%) 49.8 72.7
Next Div. Indic € 0.53 payment
Target
Price (€) 18.9
Market Cap (€M) 23,013
Perf. 1W: 4.69 %
Perf. 1M: 1.34 %
Perf. 3M: 16.3 %
Perf Ytd: 0.67 %
Rating
  • Strong momentum corresponding to a continuous and overall positive moving average trend confirmed by volumes
  • Relatively good momentum corresponding to a positively-oriented moving average, but offset by an overbought pattern or lack of confirmation from volumes
  • Relatively unfavorable momentum with a neutral or negative moving average trend, but offset by an oversold pattern or lack of confirmation from volumes
  • Strongly negative momentum corresponding to a continuous and overall negative moving average trend confirmed by volumes
VALUE
RISK
GOVERNANCE
RANKING
Best
Worst
Businesses & Trends
In 1999, Repsol acquired Argentina’s biggest upstream company, YPF (the group expects to sell a stake of 25-30% through an IPO... Read More
Money Making
Repsol is one of the most exposed to the refining market amongst integrated (accounting for nearly 25% of operating income in 201... Read More
Valuation
We see two positive factors to support the Repsol share (in the mid-term): 1/ Brazilian exposure (and all the growth that should com... Read More
Analyst: Alexandre Andlauer
Concepts
Business concepts
  • Asset based
  • Government power plays
  • Regulation & tax drivers
Investment Concepts
  • Many businesses, one ...
  • Asset valuation play
  • Execution risk
Story Trigger
  • Expected regulatory ch...
© 2010, AlphaValue All rights reserved. This publication is strictly for subscriber’s own, non-commercial, internal use. No part of it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.