Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
RED.MCthis companyRedeia Corporación, S.A.	€15.68	16.31×	1.56×	4.95×	12.01×	-86.1%	62.5%	43.9%	30.5%	9.6%	3.9%	-4.8%	1.29×	5.18×	5.57×	1.23×	5.6%	6	0.89	1	C-
ENG.MCEnagás, S.A.	€17.92	10.19×	1.5×	3.6×	10.92×	146.0%	37.6%	23.4%	35.3%	14.7%	3.1%	2.7%	1.23×	4.12×	3.19×	1.07×	7.6%	6	0.75	3	B+
IBE.MCIberdrola, S.A.	€22.94	19.65×	2.46×	2.8×	11.66×	-25.2%	54.6%	23.1%	14.3%	12.6%	5.6%	1.0%	1.19×	3.65×	2.37×	0.87×	1.0%	3	1.28	3	B
NTGY.MCNaturgy Energy Group, S.A.	€29.84	11.94×	2.69×	1.29×	7.24×	19.5%	27.6%	17.8%	10.4%	21.7%	7.6%	9.5%	1.79×	2.39×	4.59×	1.18×	6.7%	4	1.34	4	A-
Peer median	—	11.94×	2.46×	2.8×	10.92×	19.5%	37.6%	23.1%	14.3%	14.7%	5.6%	2.7%	1.23×	3.65×	3.19×	1.07×	6.7%	4	1.28	3	—