Spanish (IBEX) Market Analysis & Valuation

UpdatedJun 06, 2023

DataAggregated Company Financials

Companies244

7D1.2%
3M-0.5%
1Y4.3%
YTD10.1%

The market is up 1.2% in the last 7 days, led by the Consumer Discretionary and Utilities sectors. As for the past 12 months, the market is up 4.3%. Looking forward, earnings are forecast to grow by 11% annually.

Trending IndustriesBiotech Software Renewable Energy

Market Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 06 Jun 2023	€654.9b	€587.0b	€49.4b	17x	13.3x	1.1x
Thu, 04 May 2023	€640.9b	€574.5b	€49.0b	17.5x	13.1x	1.1x
Sat, 01 Apr 2023	€651.1b	€570.9b	€48.4b	17.1x	13.5x	1.1x
Mon, 27 Feb 2023	€645.5b	€565.0b	€49.0b	16.3x	13.2x	1.1x
Wed, 25 Jan 2023	€613.4b	€522.8b	€42.5b	17.8x	14.4x	1.2x
Fri, 23 Dec 2022	€571.2b	€522.8b	€42.5b	17x	13.4x	1.1x
Sun, 20 Nov 2022	€562.9b	€520.9b	€43.8b	16.3x	12.8x	1.1x
Tue, 18 Oct 2022	€528.6b	€516.6b	€43.2b	15.1x	12.2x	1x
Thu, 15 Sep 2022	€578.3b	€514.1b	€42.9b	15.5x	13.5x	1.1x
Sat, 13 Aug 2022	€603.4b	€514.2b	€42.8b	16.9x	14.1x	1.2x
Mon, 11 Jul 2022	€590.5b	€488.7b	€43.9b	15.8x	13.5x	1.2x
Wed, 08 Jun 2022	€634.2b	€486.5b	€43.5b	18x	14.6x	1.3x
Fri, 06 May 2022	€607.6b	€472.5b	€43.4b	19x	14x	1.3x
Sun, 03 Apr 2022	€609.5b	€463.4b	€44.8b	18.5x	13.6x	1.3x
Tue, 01 Mar 2022	€611.1b	€454.2b	€44.5b	20.3x	13.7x	1.3x
Thu, 27 Jan 2022	€625.4b	€440.2b	€41.0b	20.4x	15.3x	1.4x
Sat, 25 Dec 2021	€627.0b	€441.5b	€41.3b	19.2x	15.2x	1.4x
Mon, 22 Nov 2021	€635.4b	€437.0b	€40.5b	19.8x	15.7x	1.5x
Wed, 20 Oct 2021	€652.3b	€424.7b	€35.3b	23.3x	18.5x	1.5x
Fri, 17 Sep 2021	€629.9b	€422.0b	€34.5b	22.1x	18.2x	1.5x
Sun, 15 Aug 2021	€650.3b	€421.7b	€34.5b	23.1x	18.8x	1.5x
Thu, 10 Jun 2021	€650.7b	€401.2b	€9.6b	24x	68.1x	1.6x
Wed, 03 Mar 2021	€578.2b	€396.5b	€818.2m	26.5x	706.6x	1.5x
Sat, 05 Dec 2020	€567.9b	€410.1b	€2.4b	22x	241.4x	1.4x
Tue, 08 Sep 2020	€493.5b	€425.7b	€3.1b	18.8x	160.5x	1.2x

Price to Earnings Ratio

136.3x

Sat, 04 Jul 2020

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 13.3x which is lower than its 3-year average PE of 96.9x.

Past Earnings Growth

The earnings for Spanish listed companies have grown 138% per year over the last three years.
Revenues for these companies have grown 11% 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	1.22%
Real Estate	2.16%
Consumer Discretionary	2.06%
Utilities	1.64%
Financials	1.06%
Tech	0.90%
Telecom	0.51%
Energy	0.43%
Healthcare	0.31%
Industrials	0.15%
Consumer Staples	-0.32%
Materials	-0.77%

Sector PE

Investors favour the Industrials sector the most for future growth even though it's trading below its 3-year average PE ratio of 109x.

Analysts are expecting annual earnings growth of 27.0%, which is lower than the prior year's growth of 40.8% per year.

The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 11.8x.

Forecasted Growth

Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 45% over the next 5 years.
This is better than its past earnings growth rate of 11% per year.

In contrast, the Energy sector is expected to see its earnings decline by 11% per year 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
ITX Industria de Diseño Textil	€32.03	2.5% +€2.5b	45.6%	PE24.1x	Consumer Discretionary
ELE Endesa	€21.15	5.6% +€1.2b	2.3%	PE8x	Utilities
IBE Iberdrola	€11.57	1.0% +€692.7m	6.1%	PE15.6x	Utilities
SAN Banco Santander	€3.18	1.3% +€665.9m	4.8%	PB0.6x	Financials
CLNX Cellnex Telecom	€38.00	2.4% +€627.8m	-8.9%	PS7.9x	Telecom