Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Repsol S.A.
Physical assets are 52.4% of total assets, a heavy footprint. Capex is 1.54x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. EBITDA after capex covers debt service by 0.68x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 2.14x.
Physical asset ratio
52.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
2.14x
Revenue per dollar of the physical asset base.
Capex / D&A
1.54x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
€21.07
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.41x
Price €29.80.
Fixed-charge coverage
0.68x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
3.8%
Latest free cash flow divided by current market cap (€32.06B).
ROIC
6.1%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.11x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 49.1% | 1.96x | 1.24x | €15.45 | 0.69x | €1.92B | 3.7% | 0.10x |
| 2019 | 47.9% | 2.13x | 1.33x | €12.58 | -0.52x | €1.62B | — | -0.14x |
| 2020 | 49.3% | 1.59x | 0.85x | €10.93 | -0.66x | €852.00M | — | -0.12x |
| 2021 | 47.9% | 2.29x | 0.95x | €12.94 | 1.10x | €2.78B | 7.8% | 0.17x |
| 2022 | 49.6% | 3.08x | 1.51x | €16.97 | 2.05x | €4.30B | 12.0% | 0.26x |
| 2023 | 51.9% | 2.32x | 1.76x | €21.04 | 1.36x | €2.22B | 11.6% | 0.17x |
| 2024 | 54.1% | 2.04x | 1.61x | €21.96 | 0.33x | €240.00M | 4.5% | 0.07x |
| 2025 | 52.4% | 2.14x | 1.54x | €21.07 | 0.68x | €1.21B | 6.1% | 0.11x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: €25.65B
Inventory: €5.48B
Total assets: €59.43B
Goodwill: €509.00M
Intangibles: €2.41B
Liabilities: €31.81B
Tangible book: €24.70B
Shares: 1,172,222,000
Revenue: €54.86B
Capex: €3.75B
D&A: €2.44B
EBITDA: €5.19B
Interest: €291.00M
Short-term debt: €1.84B
Free cash flow: €1.21B
Operating income: €2.75B
Invested capital: €33.64B
Tax rate: 25.5%