Getting In Cheap On Amadeus IT Group, S.A. (BME:AMS) Is Unlikely
Apr 26
Spanish (IBEX) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies237
- 7D3.5%
- 3M10.3%
- 1Y17.1%
- YTD7.6%
The market has climbed 1.8% in the last 7 days, lead by the Financials sector with a gain of 3.1%. As for the past 12 months, the market is up 15%. Looking forward, earnings are forecast to grow by 9.3% 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 |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | €741.2b | €557.0b | €51.9b | 15.6x | 14.3x | 1.3x |
| Mon, 25 Mar 2024 | €727.6b | €560.0b | €50.6b | 15.6x | 14.4x | 1.3x |
| Wed, 21 Feb 2024 | €677.4b | €569.7b | €55.7b | 15.1x | 12.2x | 1.2x |
| Fri, 19 Jan 2024 | €673.7b | €557.4b | €53.9b | 14.7x | 12.5x | 1.2x |
| Sun, 17 Dec 2023 | €689.4b | €557.0b | €53.7b | 15.4x | 12.8x | 1.2x |
| Tue, 14 Nov 2023 | €646.7b | €559.7b | €53.4b | 14.7x | 12.1x | 1.2x |
| Thu, 12 Oct 2023 | €643.5b | €570.5b | €51.4b | 15x | 12.5x | 1.1x |
| Sat, 09 Sep 2023 | €646.1b | €569.4b | €51.2b | 14.9x | 12.6x | 1.1x |
| Mon, 07 Aug 2023 | €641.8b | €569.3b | €51.3b | 15.6x | 12.5x | 1.1x |
| Wed, 05 Jul 2023 | €661.4b | €577.5b | €50.9b | 17.6x | 13x | 1.1x |
| Fri, 02 Jun 2023 | €633.1b | €576.1b | €50.7b | 16.8x | 12.5x | 1.1x |
| Sun, 30 Apr 2023 | €638.8b | €561.4b | €50.0b | 17.6x | 12.8x | 1.1x |
| Tue, 28 Mar 2023 | €620.0b | €560.9b | €49.8b | 16.8x | 12.5x | 1.1x |
| Thu, 23 Feb 2023 | €612.3b | €513.7b | €46.0b | 17.8x | 13.3x | 1.2x |
| Sat, 21 Jan 2023 | €610.4b | €522.8b | €42.5b | 17.6x | 14.4x | 1.2x |
| Mon, 19 Dec 2022 | €560.9b | €522.8b | €42.5b | 16.5x | 13.2x | 1.1x |
| Wed, 16 Nov 2022 | €586.3b | €546.8b | €45.3b | 16.7x | 12.9x | 1.1x |
| Fri, 14 Oct 2022 | €525.9b | €516.6b | €43.2b | 15x | 12.2x | 1x |
| Sun, 11 Sep 2022 | €576.7b | €514.1b | €42.9b | 15.5x | 13.4x | 1.1x |
| Tue, 09 Aug 2022 | €595.0b | €510.1b | €42.7b | 16.3x | 13.9x | 1.2x |
| Thu, 07 Jul 2022 | €579.5b | €488.7b | €43.9b | 15.4x | 13.2x | 1.2x |
| Sat, 04 Jun 2022 | €624.1b | €483.7b | €43.3b | 18x | 14.4x | 1.3x |
| Mon, 02 May 2022 | €615.8b | €469.9b | €43.1b | 19.4x | 14.3x | 1.3x |
| Wed, 30 Mar 2022 | €616.4b | €463.4b | €44.8b | 18.6x | 13.8x | 1.3x |
| Fri, 25 Feb 2022 | €592.4b | €453.0b | €46.3b | 19.1x | 12.8x | 1.3x |
| Sun, 23 Jan 2022 | €631.3b | €441.4b | €41.2b | 20.8x | 15.3x | 1.4x |
| Tue, 21 Dec 2021 | €605.8b | €441.5b | €41.3b | 19.3x | 14.7x | 1.4x |
| Thu, 18 Nov 2021 | €651.1b | €436.8b | €40.4b | 20x | 16.1x | 1.5x |
| Sat, 16 Oct 2021 | €647.9b | €424.7b | €35.3b | 23.3x | 18.4x | 1.5x |
| Mon, 13 Sep 2021 | €640.5b | €423.8b | €35.2b | 23.7x | 18.2x | 1.5x |
| Wed, 11 Aug 2021 | €647.9b | €421.7b | €34.5b | 23.4x | 18.8x | 1.5x |
| Sun, 06 Jun 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 14.1x which is lower than its 3-year average PE of 17.0x.
Past Earnings Growth
- The earnings for Spanish listed companies have grown 76% 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 | 3.50% | |
| Financials | 6.88% | |
| Telecom | 3.87% | |
| Healthcare | 3.64% | |
| Consumer Discretionary | 3.53% | |
| Materials | 2.09% | |
| Consumer Staples | 2.07% | |
| Tech | 1.80% | |
| Real Estate | 1.43% | |
| Industrials | 1.32% | |
| Utilities | 1.09% | |
| Energy | -1.38% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 34.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 27.3%, 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 60% 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 | |
|---|---|---|---|---|---|---|
| SAN Banco Santander | €4.85 | 7.5% +€5.2b | 52.2% | PB0.8x | Financials | |
| ITX Industria de Diseño Textil | €45.34 | 3.7% +€5.0b | 45.5% | PE26.2x | Consumer Discretionary | |
| BBVA Banco Bilbao Vizcaya Argentaria | €10.99 | 7.6% +€4.4b | 65.2% | PB1.2x | Financials | |
| CABK CaixaBank | €5.11 | 6.4% +€2.3b | 52.6% | PB1x | Financials | |
| IBE Iberdrola | €11.61 | 2.4% +€1.7b | -1.4% | PE12.4x | Utilities |
