New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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 2.9% 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. Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €325, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Electric Utilities industry in Europe. Total returns to shareholders of 118% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €211 per share. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. Lead Independent Director Maria Madrinan was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 30
Upcoming dividend of €4.58 per share Eligible shareholders must have bought the stock before 07 July 2026. Payment date: 09 July 2026. Payout ratio is a comfortable 38% and the cash payout ratio is 81%. Trailing yield: 2.0%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (3.6%). Declared Dividend • May 27
Dividend of €4.58 announced Shareholders will receive a dividend of €4.58. Ex-date: 7th July 2026 Payment date: 9th July 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 28% over the next 3 years. However, it would need to fall by 57% to increase the payout ratio to a potentially unsustainable range. 공시 • May 15
Acciona, S.A., Annual General Meeting, Jun 24, 2026 Acciona, S.A., Annual General Meeting, Jun 24, 2026. Location: campus acciona, avenida de la gran via de hortaleza 3, madrid., Spain New Risk • Mar 09
New minor risk - Earnings quality The 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). Share price has been highly volatile over the past 3 months (12% average weekly change). 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. 공시 • 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 Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €162, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Electric Utilities industry in Europe. 공시 • 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