공지 • Feb 18
Acciona, S.A. to Report Fiscal Year 2025 Results on Feb 26, 2026 Acciona, S.A. announced that they will report fiscal year 2025 results After-Market on Feb 26, 2026 공지 • May 15
Acciona, S.A., Annual General Meeting, Jun 25, 2025 Acciona, S.A., Annual General Meeting, Jun 25, 2025. Location: campus acciona, avenida de la gran via de hortaleza 3, madrid Spain Buy Or Sell Opportunity • Oct 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to €127. 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 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.0% to €124. The fair value is estimated to be €102, 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 02
First 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. Buy Or Sell Opportunity • Jul 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.9% to €115. The fair value is estimated to be €94.57, 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 6.7% per annum over the same time period. Buy Or Sell Opportunity • Jul 02
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at €114. The fair value is estimated to be €92.68, 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. Buy Or Sell Opportunity • Jun 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to €113. The fair value is estimated to be €92.86, 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. 공지 • May 12
Acciona, S.A., Annual General Meeting, Jun 19, 2024 Acciona, 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 • Apr 29
Now 22% overvalued Over the last 90 days, the stock has fallen 8.5% to €111. The fair value is estimated to be €90.38, 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 10
Now 20% overvalued Over the last 90 days, the stock has fallen 15% to €110. The fair value is estimated to be €91.35, 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 26
Now 20% overvalued Over the last 90 days, the stock has fallen 16% to €111. The fair value is estimated to be €92.34, 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 05
New major risk - Revenue and earnings growth Earnings 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. Buy Or Sell Opportunity • Mar 04
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to €109. The fair value is estimated to be €90.51, 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 grow by 2.3% per annum. Earnings are also forecast to grow by 3.7% per annum over the same time period. Reported Earnings • Mar 03
Full 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 21
Now 20% overvalued Over the last 90 days, the stock has fallen 12% to €109. The fair value is estimated to be €90.74, 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. Buy Or Sell Opportunity • Feb 14
Now 22% overvalued Over the last 90 days, the stock has fallen 15% to €112. The fair value is estimated to be €91.59, 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 8.7% per annum. Earnings are forecast to decline by 6.1% per annum over the same time period. Reported Earnings • Jul 31
First 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 14% per year, which means it is significantly lagging earnings growth. New Risk • Jul 31
New major risk - Financial position The 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 27
Upcoming dividend of €3.65 per share at 2.8% yield Eligible 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: 2.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%). 공지 • Jun 14
Acciona, 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 02
Full 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 3.3% 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 13% per year. 공지 • Jan 27
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. 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 31
First half 2022 earnings released First 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 Germany 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 27% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 28
Upcoming dividend of €3.32 per share Eligible 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 German dividend payers (4.5%). Lower than average of industry peers (4.5%). Board Change • Apr 27
Insufficient new directors There 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 14
Investor sentiment improved over the past week After last week's 17% share price gain to €159, 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 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €93.11 per share. Reported Earnings • Feb 28
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full 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 Germany. 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 31
Second quarter 2021 earnings released The 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 22% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 28
Upcoming dividend of €3.16 per share Eligible shareholders must have bought the stock before 05 July 2021. Payment date: 07 July 2021. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.8%). Reported Earnings • Feb 25
Full 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 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 17% share price gain to €143, the stock is trading at a trailing P/E ratio of 36.3x, up from the previous P/E ratio of 31x. 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 127%. Is New 90 Day High Low • Feb 08
New 90-day high: €129 The company is up 42% from its price of €90.95 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €126 per share. Is New 90 Day High Low • Jan 09
New 90-day high: €128 The company is up 32% from its price of €97.45 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €54.80 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €114 The company is up 16% from its price of €98.10 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.34 per share. Is New 90 Day High Low • Nov 26
New 90-day high: €104 The company is up 4.0% from its price of €101 on 27 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it 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 €44.33 per share. Analyst Estimate Surprise Post Earnings • Nov 10
Revenue misses expectations Revenue 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 Germany. Is New 90 Day High Low • Oct 29
New 90-day low: €89.40 The company is down 6.0% from its price of €95.20 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also 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 €324 per share. 
