View ValuationAcciona 将来の成長Future 基準チェック /06Accionaの収益は年間4.1%で減少すると予測されていますが、年間収益は年間1.5%で増加すると予測されています。EPS は年間 減少すると予測されています。自己資本利益率は 3 年後に8.8% 10.2%なると予測されています。主要情報-4.1%収益成長率-10.25%EPS成長率Electric Utilities 収益成長7.6%収益成長率1.5%将来の株主資本利益率8.80%アナリストカバレッジGood最終更新日21 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • May 15Acciona, S.A., Annual General Meeting, Jun 24, 2026Acciona, S.A., Annual General Meeting, Jun 24, 2026. Location: campus acciona, avenida de la gran via de hortaleza 3, madrid., SpainNew Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 79% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Feb 28First half 2025 earnings released: EPS: €9.66 (vs €2.13 in 1H 2024)First half 2025 results: EPS: €9.66 (up from €2.13 in 1H 2024). Revenue: €10.3b (up 8.6% from 1H 2024). Net income: €526.0m (up 353% from 1H 2024). Profit margin: 5.1% (up from 1.2% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 4 years compared to a 3.4% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €246, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Electric Utilities industry in Europe. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €132 per share.お知らせ • Feb 27+ 2 more updatesAcciona, S.A. to Report Q1, 2026 Results on May 07, 2026Acciona, S.A. announced that they will report Q1, 2026 results on May 07, 2026お知らせ • Feb 18Acciona, S.A. to Report Fiscal Year 2025 Results on Feb 26, 2026Acciona, S.A. announced that they will report fiscal year 2025 results After-Market on Feb 26, 2026Reported Earnings • Aug 01First half 2025 earnings released: EPS: €9.66 (vs €2.13 in 1H 2024)First half 2025 results: EPS: €9.66 (up from €2.13 in 1H 2024). Revenue: €10.3b (up 8.6% from 1H 2024). Net income: €526.0m (up 353% from 1H 2024). Profit margin: 5.1% (up from 1.2% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.New Risk • Jul 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings are forecast to decline by an average of 4.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).Upcoming Dividend • Jul 01Upcoming dividend of €4.25 per shareEligible shareholders must have bought the stock before 08 July 2025. Payment date: 10 July 2025. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (4.4%).Declared Dividend • May 18Dividend of €4.25 announcedShareholders will receive a dividend of €4.25. Ex-date: 8th July 2025 Payment date: 10th July 2025 Dividend yield will be 3.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 13% over the next 3 years. However, it would need to fall by 25% to increase the payout ratio to a potentially unsustainable range.お知らせ • May 15Acciona, S.A., Annual General Meeting, Jun 25, 2025Acciona, S.A., Annual General Meeting, Jun 25, 2025. Location: campus acciona, avenida de la gran via de hortaleza 3, madrid SpainReported Earnings • Feb 28Full year 2024 earnings releasedFull year 2024 results: Revenue: €20.9b (up 16% from FY 2023). Net income: €422.0m (down 22% from FY 2023). Profit margin: 2.0% (down from 3.0% in FY 2023). Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.1%.New Risk • Feb 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 141% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).お知らせ • Nov 28+ 1 more updateAcciona, S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025Acciona, S.A. announced that they will report fiscal year 2024 results After-Market on Feb 27, 2025Buy Or Sell Opportunity • Sep 27Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to €128. The fair value is estimated to be €105, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are forecast to grow by 12% per annum over the same time period.Buy Or Sell Opportunity • Sep 05Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 8.6% to €128. The fair value is estimated to be €105, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are forecast to grow by 13% per annum over the same time period.Reported Earnings • Aug 02First half 2024 earnings released: EPS: €2.13 (vs €8.54 in 1H 2023)First half 2024 results: EPS: €2.13 (down from €8.54 in 1H 2023). Revenue: €9.45b (up 25% from 1H 2023). Net income: €116.0m (down 75% from 1H 2023). Profit margin: 1.2% (down from 6.2% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year.New Risk • Aug 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 5.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 140% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).Buy Or Sell Opportunity • Jul 11Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 2.8% to €112. The fair value is estimated to be €91.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to decline by 0.3% per annum. Earnings are also forecast to decline by 6.9% per annum over the same time period.Upcoming Dividend • Jun 25Upcoming dividend of €3.93 per shareEligible shareholders must have bought the stock before 02 July 2024. Payment date: 04 July 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (5.5%).お知らせ • May 12Acciona, S.A., Annual General Meeting, Jun 19, 2024Acciona, S.A., Annual General Meeting, Jun 19, 2024. Location: campus acciona, avenida de la gran via de hortaleza 3, madrid, SpainBuy Or Sell Opportunity • May 02Now 22% overvaluedOver the last 90 days, the stock has fallen 5.4% to €111. The fair value is estimated to be €91.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to decline by 1.0% per annum. Earnings are also forecast to decline by 7.7% per annum over the same time period.Buy Or Sell Opportunity • Apr 11Now 21% overvaluedOver the last 90 days, the stock has fallen 16% to €110. The fair value is estimated to be €90.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to decline by 1.0% per annum. Earnings are also forecast to decline by 9.9% per annum over the same time period.Buy Or Sell Opportunity • Mar 22Now 20% overvaluedOver the last 90 days, the stock has fallen 15% to €111. The fair value is estimated to be €92.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are also forecast to decline by 7.7% per annum over the same time period.New Risk • Mar 16New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 87% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Buy Or Sell Opportunity • Mar 05Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to €112. The fair value is estimated to be €93.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to decline by 2.6% per annum. Earnings are also forecast to decline by 5.0% per annum over the same time period.New Risk • Mar 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Mar 03Full year 2023 earnings released: EPS: €9.89 (vs €8.06 in FY 2022)Full year 2023 results: EPS: €9.89 (up from €8.06 in FY 2022). Revenue: €18.0b (up 47% from FY 2022). Net income: €541.0m (up 23% from FY 2022). Profit margin: 3.0% (down from 3.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Feb 20Now 20% overvaluedOver the last 90 days, the stock has fallen 13% to €109. The fair value is estimated to be €90.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 8.5% per annum. Earnings are forecast to decline by 6.0% per annum over the same time period.お知らせ • Jan 13+ 1 more updateAcciona, S.A. to Report First Half, 2024 Results on Jul 28, 2024Acciona, S.A. announced that they will report first half, 2024 results on Jul 28, 2024Reported Earnings • Jul 31First half 2023 earnings released: EPS: €8.54 (vs €3.68 in 1H 2022)First half 2023 results: EPS: €8.54 (up from €3.68 in 1H 2022). Revenue: €7.58b (up 35% from 1H 2022). Net income: €467.0m (up 132% from 1H 2022). Profit margin: 6.2% (up from 3.6% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 2.3% p.a. on average during the next 3 years compared to a 3.6% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.New Risk • Jul 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Upcoming Dividend • Jun 27Upcoming dividend of €3.65 per share at 2.9% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (5.0%).お知らせ • Jun 14Acciona, S.A. (BME:ANA) and Corporación Acciona Energías Renovables, S.A. (BME:ANE) acquired unknown majority stake in Solideo Eco Systems S.L.Acciona, S.A. (BME:ANA) and Corporación Acciona Energías Renovables, S.A. (BME:ANE) acquired unknown majority stake in Solideo Eco Systems S.L. on June 12, 2023.Acciona, S.A. (BME:ANA) and Corporación Acciona Energías Renovables, S.A. (BME:ANE) completed the acquisition of unknown majority stake in Solideo Eco Systems S.L. on June 12, 2023.Reported Earnings • Mar 02Full year 2022 earnings released: EPS: €8.06 (vs €6.08 in FY 2021)Full year 2022 results: EPS: €8.06 (up from €6.08 in FY 2021). Revenue: €12.2b (up 41% from FY 2021). Net income: €441.0m (up 33% from FY 2021). Profit margin: 3.6% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 1.0% p.a. on average during the next 3 years compared to a 3.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.お知らせ • Jan 27Acciona, S.A. (BME:ANA) reached an agreement to acquire an unknown stake in Renomar, Energías Renovables Mediterráneas, S.A. from Grupo Med Wind Energy, SL.Acciona, S.A. (BME:ANA) reached an agreement to acquire an unknown stake in Renomar, Energías Renovables Mediterráneas, S.A. from Grupo Med Wind Energy, SL on January 26, 2023.Reported Earnings • Jul 31First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €148.0m from profit in 1H 2021). Profit margin: (down from 3.8% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to decline by 13% while the industry in the United Kingdom is not expected to grow. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 28Upcoming dividend of €3.32 per shareEligible shareholders must have bought the stock before 05 July 2022. Payment date: 07 July 2022. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (4.5%).Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. Independent Director Maria Dolores Dancausa Trevino was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to €163, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €99.23 per share.Reported Earnings • Feb 28Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €6.08 (down from €6.98 in FY 2020). Revenue: €8.33b (up 15% from FY 2020). Net income: €332.0m (down 13% from FY 2020). Profit margin: 4.0% (down from 5.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.2%. Over the next year, revenue is expected to shrink by 6.5% compared to a 5.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €2.01b (up 28% from 2Q 2020). Net income: €51.0m (up €106.8m from 2Q 2020). Profit margin: 2.5% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 28Upcoming dividend of €3.16 per shareEligible shareholders must have bought the stock before 05 July 2021. Payment date: 07 July 2021. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (3.8%).Reported Earnings • Feb 25Full year 2020 earnings released: EPS €6.98 (vs €6.46 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €7.26b (down 7.8% from FY 2019). Net income: €380.3m (up 8.1% from FY 2019). Profit margin: 5.2% (up from 4.5% in FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 17% share price gain to €144, the stock is trading at a trailing P/E ratio of 34.8x, up from the previous P/E ratio of 29.7x. This compares to an average P/E of 12x in the Electric Utilities industry in Europe. Total returns to shareholders over the past three years are 128%.Is New 90 Day High Low • Feb 18New 90-day high: €138The company is up 35% from its price of €102 on 20 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €174 per share.Is New 90 Day High Low • Jan 27New 90-day high: €132The company is up 46% from its price of €90.25 on 28 October 2020. The British market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €117 per share.Is New 90 Day High Low • Jan 07New 90-day high: €125The company is up 30% from its price of €96.25 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €101 per share.Is New 90 Day High Low • Dec 16New 90-day high: €114The company is up 12% from its price of €102 on 17 September 2020. The British market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electric Utilities industry, which is also up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €54.08 per share.Is New 90 Day High Low • Nov 25New 90-day high: €104The company is up 3.0% from its price of €101 on 27 August 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €44.29 per share.Analyst Estimate Surprise Post Earnings • Nov 10Revenue misses expectationsRevenue missed analyst estimates by 1.2%. Over the next year, revenue is forecast to stay flat compared to a 18% growth forecast for the Electric Utilities industry in the United Kingdom.Is New 90 Day High Low • Oct 29New 90-day low: €90.25The company is down 5.0% from its price of €95.20 on 30 July 2020. The British market is also down 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Electric Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €314 per share.業績と収益の成長予測LSE:0H4K - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202822,2635375821,740612/31/202721,9634941801,7091012/31/202621,084519-4211,9021012/31/202521,4908033792,148N/A9/30/202521,5898183022,333N/A6/30/202521,6888322242,517N/A3/31/202521,283627-1342,378N/A12/31/202420,878422-4922,239N/A9/30/202420,360306-7441,983N/A6/30/202419,842190-9961,727N/A3/31/202418,905366-1,0971,711N/A12/31/202317,967541-1,1991,695N/A9/30/202316,063624-1,5001,384N/A6/30/202314,158707-1,8011,073N/A3/31/202313,185574-1,1741,361N/A12/31/202212,211441-5471,648N/A9/30/202211,322413-3081,369N/A6/30/202210,432385-691,089N/A3/31/20229,630336427901N/A12/31/20218,667332-374574N/A9/30/20218,395549-128941N/A6/30/20217,669513-27937N/A3/31/20217,217399-533943N/A12/31/20207,27138762968N/A9/30/20207,280217-550653N/A6/30/20207,526219-637586N/A3/31/20207,953357-687809N/A12/31/20197,875352-529787N/A9/30/20197,928319N/A830N/A6/30/20198,022297N/A780N/A3/31/20197,986340N/A605N/A12/31/20187,971328N/A636N/A9/30/20187,950210N/A752N/A6/30/20188,007326N/A625N/A3/31/20187,936221N/A482N/A12/31/20177,867220N/A491N/A9/30/20177,445236N/A467N/A6/30/20177,062-164N/A600N/A3/31/20176,717363N/A763N/A12/31/20166,532352N/A823N/A9/30/20166,438389N/AN/AN/A6/30/20166,459701N/A639N/A3/31/20166,741214N/AN/AN/A12/31/20156,791207N/A683N/A9/30/20156,971202N/AN/AN/A6/30/20157,134219N/A723N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 0H4Kの収益は今後 3 年間で減少すると予測されています (年間-4.1% )。収益対市場: 0H4Kの収益は今後 3 年間で減少すると予測されています (年間-4.1% )。高成長収益: 0H4Kの収益は今後 3 年間で減少すると予測されています。収益対市場: 0H4Kの収益 ( 1.5% ) UK市場 ( 4.5% ) よりも低い成長が予測されています。高い収益成長: 0H4Kの収益 ( 1.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 0H4Kの 自己資本利益率 は、3年後には低くなると予測されています ( 8.8 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 21:49終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Acciona, S.A. 10 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。24 アナリスト機関Andrés Bolumburu CámaraBanco de Sabadell. S.A.Oscar Nájar RíosBanco SantanderHarry WyburdBNP Paribas21 その他のアナリストを表示
お知らせ • May 15Acciona, S.A., Annual General Meeting, Jun 24, 2026Acciona, S.A., Annual General Meeting, Jun 24, 2026. Location: campus acciona, avenida de la gran via de hortaleza 3, madrid., Spain
New Risk • Mar 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 79% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Feb 28First half 2025 earnings released: EPS: €9.66 (vs €2.13 in 1H 2024)First half 2025 results: EPS: €9.66 (up from €2.13 in 1H 2024). Revenue: €10.3b (up 8.6% from 1H 2024). Net income: €526.0m (up 353% from 1H 2024). Profit margin: 5.1% (up from 1.2% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 4 years compared to a 3.4% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 24%After last week's 24% share price gain to €246, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Electric Utilities industry in Europe. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €132 per share.
お知らせ • Feb 27+ 2 more updatesAcciona, S.A. to Report Q1, 2026 Results on May 07, 2026Acciona, S.A. announced that they will report Q1, 2026 results on May 07, 2026
お知らせ • Feb 18Acciona, S.A. to Report Fiscal Year 2025 Results on Feb 26, 2026Acciona, S.A. announced that they will report fiscal year 2025 results After-Market on Feb 26, 2026
Reported Earnings • Aug 01First half 2025 earnings released: EPS: €9.66 (vs €2.13 in 1H 2024)First half 2025 results: EPS: €9.66 (up from €2.13 in 1H 2024). Revenue: €10.3b (up 8.6% from 1H 2024). Net income: €526.0m (up 353% from 1H 2024). Profit margin: 5.1% (up from 1.2% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
New Risk • Jul 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings are forecast to decline by an average of 4.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).
Upcoming Dividend • Jul 01Upcoming dividend of €4.25 per shareEligible shareholders must have bought the stock before 08 July 2025. Payment date: 10 July 2025. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (4.4%).
Declared Dividend • May 18Dividend of €4.25 announcedShareholders will receive a dividend of €4.25. Ex-date: 8th July 2025 Payment date: 10th July 2025 Dividend yield will be 3.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 13% over the next 3 years. However, it would need to fall by 25% to increase the payout ratio to a potentially unsustainable range.
お知らせ • May 15Acciona, S.A., Annual General Meeting, Jun 25, 2025Acciona, S.A., Annual General Meeting, Jun 25, 2025. Location: campus acciona, avenida de la gran via de hortaleza 3, madrid Spain
Reported Earnings • Feb 28Full year 2024 earnings releasedFull year 2024 results: Revenue: €20.9b (up 16% from FY 2023). Net income: €422.0m (down 22% from FY 2023). Profit margin: 2.0% (down from 3.0% in FY 2023). Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.1%.
New Risk • Feb 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 141% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).
お知らせ • Nov 28+ 1 more updateAcciona, S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025Acciona, S.A. announced that they will report fiscal year 2024 results After-Market on Feb 27, 2025
Buy Or Sell Opportunity • Sep 27Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to €128. The fair value is estimated to be €105, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are forecast to grow by 12% per annum over the same time period.
Buy Or Sell Opportunity • Sep 05Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 8.6% to €128. The fair value is estimated to be €105, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are forecast to grow by 13% per annum over the same time period.
Reported Earnings • Aug 02First half 2024 earnings released: EPS: €2.13 (vs €8.54 in 1H 2023)First half 2024 results: EPS: €2.13 (down from €8.54 in 1H 2023). Revenue: €9.45b (up 25% from 1H 2023). Net income: €116.0m (down 75% from 1H 2023). Profit margin: 1.2% (down from 6.2% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year.
New Risk • Aug 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 5.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 140% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).
Buy Or Sell Opportunity • Jul 11Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 2.8% to €112. The fair value is estimated to be €91.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to decline by 0.3% per annum. Earnings are also forecast to decline by 6.9% per annum over the same time period.
Upcoming Dividend • Jun 25Upcoming dividend of €3.93 per shareEligible shareholders must have bought the stock before 02 July 2024. Payment date: 04 July 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (5.5%).
お知らせ • May 12Acciona, S.A., Annual General Meeting, Jun 19, 2024Acciona, S.A., Annual General Meeting, Jun 19, 2024. Location: campus acciona, avenida de la gran via de hortaleza 3, madrid, Spain
Buy Or Sell Opportunity • May 02Now 22% overvaluedOver the last 90 days, the stock has fallen 5.4% to €111. The fair value is estimated to be €91.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to decline by 1.0% per annum. Earnings are also forecast to decline by 7.7% per annum over the same time period.
Buy Or Sell Opportunity • Apr 11Now 21% overvaluedOver the last 90 days, the stock has fallen 16% to €110. The fair value is estimated to be €90.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to decline by 1.0% per annum. Earnings are also forecast to decline by 9.9% per annum over the same time period.
Buy Or Sell Opportunity • Mar 22Now 20% overvaluedOver the last 90 days, the stock has fallen 15% to €111. The fair value is estimated to be €92.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are also forecast to decline by 7.7% per annum over the same time period.
New Risk • Mar 16New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 87% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings are forecast to decline by an average of 4.8% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Buy Or Sell Opportunity • Mar 05Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to €112. The fair value is estimated to be €93.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to decline by 2.6% per annum. Earnings are also forecast to decline by 5.0% per annum over the same time period.
New Risk • Mar 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: €9.89 (vs €8.06 in FY 2022)Full year 2023 results: EPS: €9.89 (up from €8.06 in FY 2022). Revenue: €18.0b (up 47% from FY 2022). Net income: €541.0m (up 23% from FY 2022). Profit margin: 3.0% (down from 3.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Feb 20Now 20% overvaluedOver the last 90 days, the stock has fallen 13% to €109. The fair value is estimated to be €90.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 8.5% per annum. Earnings are forecast to decline by 6.0% per annum over the same time period.
お知らせ • Jan 13+ 1 more updateAcciona, S.A. to Report First Half, 2024 Results on Jul 28, 2024Acciona, S.A. announced that they will report first half, 2024 results on Jul 28, 2024
Reported Earnings • Jul 31First half 2023 earnings released: EPS: €8.54 (vs €3.68 in 1H 2022)First half 2023 results: EPS: €8.54 (up from €3.68 in 1H 2022). Revenue: €7.58b (up 35% from 1H 2022). Net income: €467.0m (up 132% from 1H 2022). Profit margin: 6.2% (up from 3.6% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 2.3% p.a. on average during the next 3 years compared to a 3.6% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Upcoming Dividend • Jun 27Upcoming dividend of €3.65 per share at 2.9% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (5.0%).
お知らせ • Jun 14Acciona, S.A. (BME:ANA) and Corporación Acciona Energías Renovables, S.A. (BME:ANE) acquired unknown majority stake in Solideo Eco Systems S.L.Acciona, S.A. (BME:ANA) and Corporación Acciona Energías Renovables, S.A. (BME:ANE) acquired unknown majority stake in Solideo Eco Systems S.L. on June 12, 2023.Acciona, S.A. (BME:ANA) and Corporación Acciona Energías Renovables, S.A. (BME:ANE) completed the acquisition of unknown majority stake in Solideo Eco Systems S.L. on June 12, 2023.
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: €8.06 (vs €6.08 in FY 2021)Full year 2022 results: EPS: €8.06 (up from €6.08 in FY 2021). Revenue: €12.2b (up 41% from FY 2021). Net income: €441.0m (up 33% from FY 2021). Profit margin: 3.6% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 1.0% p.a. on average during the next 3 years compared to a 3.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.
お知らせ • Jan 27Acciona, S.A. (BME:ANA) reached an agreement to acquire an unknown stake in Renomar, Energías Renovables Mediterráneas, S.A. from Grupo Med Wind Energy, SL.Acciona, S.A. (BME:ANA) reached an agreement to acquire an unknown stake in Renomar, Energías Renovables Mediterráneas, S.A. from Grupo Med Wind Energy, SL on January 26, 2023.
Reported Earnings • Jul 31First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €148.0m from profit in 1H 2021). Profit margin: (down from 3.8% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to decline by 13% while the industry in the United Kingdom is not expected to grow. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 28Upcoming dividend of €3.32 per shareEligible shareholders must have bought the stock before 05 July 2022. Payment date: 07 July 2022. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (4.5%).
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. Independent Director Maria Dolores Dancausa Trevino was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to €163, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €99.23 per share.
Reported Earnings • Feb 28Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €6.08 (down from €6.98 in FY 2020). Revenue: €8.33b (up 15% from FY 2020). Net income: €332.0m (down 13% from FY 2020). Profit margin: 4.0% (down from 5.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.2%. Over the next year, revenue is expected to shrink by 6.5% compared to a 5.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €2.01b (up 28% from 2Q 2020). Net income: €51.0m (up €106.8m from 2Q 2020). Profit margin: 2.5% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 28Upcoming dividend of €3.16 per shareEligible shareholders must have bought the stock before 05 July 2021. Payment date: 07 July 2021. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (3.8%).
Reported Earnings • Feb 25Full year 2020 earnings released: EPS €6.98 (vs €6.46 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €7.26b (down 7.8% from FY 2019). Net income: €380.3m (up 8.1% from FY 2019). Profit margin: 5.2% (up from 4.5% in FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improved over the past weekAfter last week's 17% share price gain to €144, the stock is trading at a trailing P/E ratio of 34.8x, up from the previous P/E ratio of 29.7x. This compares to an average P/E of 12x in the Electric Utilities industry in Europe. Total returns to shareholders over the past three years are 128%.
Is New 90 Day High Low • Feb 18New 90-day high: €138The company is up 35% from its price of €102 on 20 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €174 per share.
Is New 90 Day High Low • Jan 27New 90-day high: €132The company is up 46% from its price of €90.25 on 28 October 2020. The British market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €117 per share.
Is New 90 Day High Low • Jan 07New 90-day high: €125The company is up 30% from its price of €96.25 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €101 per share.
Is New 90 Day High Low • Dec 16New 90-day high: €114The company is up 12% from its price of €102 on 17 September 2020. The British market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electric Utilities industry, which is also up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €54.08 per share.
Is New 90 Day High Low • Nov 25New 90-day high: €104The company is up 3.0% from its price of €101 on 27 August 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €44.29 per share.
Analyst Estimate Surprise Post Earnings • Nov 10Revenue misses expectationsRevenue missed analyst estimates by 1.2%. Over the next year, revenue is forecast to stay flat compared to a 18% growth forecast for the Electric Utilities industry in the United Kingdom.
Is New 90 Day High Low • Oct 29New 90-day low: €90.25The company is down 5.0% from its price of €95.20 on 30 July 2020. The British market is also down 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Electric Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €314 per share.