Telefónica (BME:TEF) Is Paying Out A Dividend Of €0.1215
Apr 23
Spanish (IBEX) Market Analysis & Valuation
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies239
- 7D-1.6%
- 3M7.0%
- 1Y16.1%
- YTD4.8%
Over the last 7 days, the market has dropped 1.6%, driven by a decline of 4.1% in the Consumer Discretionary sector. In contrast to the last week, the market is actually up 16% over the past year. Earnings are forecast to grow by 8.9% annually.
Market Valuation and Performance
Has the Spanish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | €736.9b | €563.6b | €53.2b | 16.2x | 13.8x | 1.3x |
| Sat, 30 Mar 2024 | €736.1b | €560.0b | €50.6b | 16.4x | 14.6x | 1.3x |
| Mon, 26 Feb 2024 | €682.9b | €570.3b | €51.9b | 14.9x | 13.2x | 1.2x |
| Wed, 24 Jan 2024 | €672.6b | €557.6b | €53.9b | 14.8x | 12.5x | 1.2x |
| Fri, 22 Dec 2023 | €690.2b | €557.5b | €54.0b | 15.4x | 12.8x | 1.2x |
| Sun, 19 Nov 2023 | €665.6b | €560.1b | €53.5b | 15x | 12.5x | 1.2x |
| Tue, 17 Oct 2023 | €639.5b | €570.5b | €51.4b | 14.9x | 12.4x | 1.1x |
| Thu, 14 Sep 2023 | €650.0b | €569.4b | €51.2b | 14.9x | 12.7x | 1.1x |
| Sat, 12 Aug 2023 | €644.6b | €569.3b | €51.3b | 15.5x | 12.6x | 1.1x |
| Mon, 10 Jul 2023 | €640.3b | €577.5b | €50.9b | 17.1x | 12.6x | 1.1x |
| Wed, 07 Jun 2023 | €643.1b | €576.1b | €50.6b | 17.4x | 12.7x | 1.1x |
| Fri, 05 May 2023 | €627.2b | €563.6b | €50.3b | 17.1x | 12.5x | 1.1x |
| Sun, 02 Apr 2023 | €638.8b | €560.9b | €49.8b | 17.1x | 12.8x | 1.1x |
| Tue, 28 Feb 2023 | €640.8b | €554.9b | €50.4b | 16.6x | 12.7x | 1.2x |
| Thu, 26 Jan 2023 | €613.4b | €522.8b | €42.5b | 17.8x | 14.4x | 1.2x |
| Sat, 24 Dec 2022 | €570.9b | €523.8b | €42.3b | 16.9x | 13.5x | 1.1x |
| Mon, 21 Nov 2022 | €562.9b | €520.9b | €43.8b | 16.3x | 12.8x | 1.1x |
| Wed, 19 Oct 2022 | €543.9b | €516.6b | €43.2b | 15.8x | 12.6x | 1.1x |
| Fri, 16 Sep 2022 | €580.3b | €514.1b | €42.9b | 15.6x | 13.5x | 1.1x |
| Sun, 14 Aug 2022 | €603.4b | €514.2b | €42.8b | 16.9x | 14.1x | 1.2x |
| Tue, 12 Jul 2022 | €588.6b | €488.7b | €43.9b | 15.6x | 13.4x | 1.2x |
| Thu, 09 Jun 2022 | €634.2b | €486.5b | €43.5b | 18x | 14.6x | 1.3x |
| Sat, 07 May 2022 | €600.8b | €473.2b | €43.4b | 18.6x | 13.8x | 1.3x |
| Mon, 04 Apr 2022 | €609.5b | €463.4b | €44.8b | 18.5x | 13.6x | 1.3x |
| Wed, 02 Mar 2022 | €591.4b | €449.5b | €44.8b | 19.5x | 13.2x | 1.3x |
| Fri, 28 Jan 2022 | €631.5b | €440.2b | €41.0b | 19.9x | 15.4x | 1.4x |
| Sun, 26 Dec 2021 | €627.0b | €441.5b | €41.3b | 19.2x | 15.2x | 1.4x |
| Tue, 23 Nov 2021 | €640.2b | €436.9b | €40.5b | 20.1x | 15.8x | 1.5x |
| Thu, 21 Oct 2021 | €654.3b | €424.7b | €35.3b | 23.2x | 18.5x | 1.5x |
| Sat, 18 Sep 2021 | €639.3b | €424.3b | €35.2b | 22.3x | 18.2x | 1.5x |
| Mon, 16 Aug 2021 | €645.8b | €421.7b | €34.5b | 23.4x | 18.7x | 1.5x |
| Mon, 31 May 2021 | €650.7b | €401.2b | €9.6b | 24x | 68.1x | 1.6x |
Price to Earnings Ratio
66x
Current Market PE
- Investors are pessimistic on the Spanish market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 13.8x which is lower than its 3-year average PE of 15.5x.
Past Earnings Growth
- The earnings for Spanish listed companies have grown 77% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Spanish Market?
| ES Market | -1.57% | |
| Healthcare | 3.76% | |
| Telecom | 1.13% | |
| Real Estate | 0.90% | |
| Materials | 0.42% | |
| Tech | 0.081% | |
| Utilities | -0.30% | |
| Consumer Staples | -0.35% | |
| Industrials | -1.58% | |
| Financials | -1.63% | |
| Energy | -1.83% | |
| Consumer Discretionary | -4.13% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 34.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 28.0%, which is higher than its past year's earnings growth of 2.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 58% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Utilities industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| AENA Aena S.M.E | €180.50 | 3.4% +€900.0m | 26.4% | PE15.4x | Industrials | |
| SAB Banco de Sabadell | €1.80 | 9.7% +€858.1m | 104.0% | PB0.7x | Financials | |
| AMS Amadeus IT Group | €60.90 | 2.9% +€749.0m | -2.5% | PE24x | Consumer Discretionary | |
| IBE Iberdrola | €11.58 | 1.0% +€723.5m | -2.3% | PE12.4x | Utilities | |
| TEF Telefónica | €4.23 | 1.9% +€451.1m | 5.6% | PS0.6x | Telecom |
