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Spanish (IBEX) Market Analysis & Valuation

UpdatedMay 23, 2022
DataAggregated Company Financials
Companies215
  • 7D2.1%
  • 3M0.6%
  • 1Y-9.1%
  • YTD-4.2%

Over the last 7 days, the market has risen 2.1%, driven by gains of 4.8% in the Utilities sector. Longer term the market is actually down 9.1% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Trending IndustriesSoftwareRenewable Energy

Market Valuation and Performance

Has the Spanish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Mon, 23 May 2022€608.1b€482.9b€43.1b17.8x
Wed, 20 Apr 2022€622.1b€463.7b€44.8b18.6x
Fri, 18 Mar 2022€603.4b€461.5b€44.5b18.6x
Sun, 13 Feb 2022€630.7b€445.5b€45.3b19.9x
Tue, 11 Jan 2022€633.3b€441.6b€41.3b21.9x
Thu, 09 Dec 2021€619.8b€440.1b€40.9b20.1x
Sat, 06 Nov 2021€659.9b€452.0b€38.8b19.9x
Mon, 04 Oct 2021€640.1b€424.7b€35.3b23.3x
Wed, 01 Sep 2021€651.6b€421.7b€34.5b23.5x
Thu, 08 Jul 2021€633.1b€419.3b€34.2b20.9x
Wed, 31 Mar 2021€608.4b€398.6b€8.6b24.7x
Sat, 02 Jan 2021€568.0b€398.7b€1.3b26.2x
Tue, 06 Oct 2020€482.1b€411.1b€2.7b20.1x
Fri, 10 Jul 2020€501.9b€427.9b€3.7b19x
Thu, 02 Apr 2020€471.9b€460.6b€26.1b15.2x
Sun, 05 Jan 2020€641.6b€470.1b€31.1b17x
Wed, 09 Oct 2019€618.8b€468.9b€37.1b17.3x
Tue, 02 Jul 2019€614.5b€468.3b€40.4b18.5x
Median PE Ratio

18.8x


Total Market Cap: €600.7bTotal Earnings: €37.2bTotal Revenue: €466.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Market Median PE3Y Average 20.1x202020212022
Current Market PE
  • Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 20.1x.
Past Earnings Growth
  • The earnings for Spanish listed companies have grown 5.0% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Spanish Market?

ES Market2.13%
Utilities4.81%
Industrials4.26%
Materials2.71%
Financials1.68%
Energy1.34%
Healthcare0.90%
Tech0.67%
Consumer Staples-0.071%
Real Estate-0.28%
Consumer Discretionary-0.29%
Telecom-1.09%
Sector PE
  • Investors are most optimistic about the Utilities sector which is trading above its 3-year average PE ratio of 25.4x.
  • Analysts are expecting annual earnings growth of 5.1%, which is lower than the prior year's growth of 12% per year.
  • This could indicate that the market believes that analysts are underestimating future growth.
  • Investors are most pessimistic about the Energy sector, which is trading below its 3-year average of 30.6x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 34% over the next 5 years.
  • However this is lower than its past earnings growth rate of 73% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 14% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
IBE Iberdrola€11.103.9%
+€2.7b
-3.9%PS18.6xUtilities
SGRE Siemens Gamesa Renewable Energy€16.7526.0%
+€2.3b
-36.3%PS1.2xIndustrials
CABK CaixaBank€3.128.0%
+€1.9b
10.4%PB0.7xFinancials
NTGY Naturgy Energy Group€27.686.6%
+€1.7b
28.3%PS24xUtilities
ANE Corporación Acciona Energías Renovables€37.4210.4%
+€1.2b
n/aPS33.9xUtilities
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Latest News

ELE

€20.67

Endesa

7D

4.3%

1Y

-10.5%