Spanish (IBEX) Financials Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies24
- 7D0.9%
- 3M-2.2%
- 1Y32.6%
- YTD25.0%
The Financials industry is up 3.8% in the last week, with Banco Santander up 4.8%. During this same period, the Ktesios Real Estate Socimi underperformed, falling 7.5%. In the last 12 months, the industry was up 36%. Earnings are forecast to grow by 1.5% annually.
Sector Valuation and Performance
Has the Spanish Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | €207.3b | €134.9b | €28.4b | 12.8x | 7.3x | 1.5x |
| Sun, 23 Jun 2024 | €193.8b | €130.6b | €27.7b | 13.2x | 7x | 1.5x |
| Tue, 21 May 2024 | €208.4b | €130.5b | €27.7b | 11.9x | 7.5x | 1.6x |
| Thu, 18 Apr 2024 | €194.7b | €126.5b | €26.6b | 11.7x | 7.3x | 1.5x |
| Sat, 16 Mar 2024 | €188.9b | €126.5b | €26.7b | 10.6x | 7.1x | 1.5x |
| Mon, 12 Feb 2024 | €168.1b | €116.1b | €27.5b | 9.2x | 6.1x | 1.4x |
| Wed, 10 Jan 2024 | €170.6b | €115.4b | €25.4b | 9.3x | 6.7x | 1.5x |
| Fri, 08 Dec 2023 | €171.0b | €115.4b | €25.4b | 9.8x | 6.7x | 1.5x |
| Sun, 05 Nov 2023 | €161.4b | €115.3b | €25.4b | 12.3x | 6.4x | 1.4x |
| Tue, 03 Oct 2023 | €162.5b | €117.0b | €23.5b | 13.2x | 6.9x | 1.4x |
| Thu, 31 Aug 2023 | €162.0b | €117.1b | €23.5b | 14.2x | 6.9x | 1.4x |
| Sat, 29 Jul 2023 | €160.8b | €115.3b | €22.5b | 14x | 7.1x | 1.4x |
| Mon, 26 Jun 2023 | €144.1b | €114.1b | €22.1b | 11.7x | 6.5x | 1.3x |
| Wed, 24 May 2023 | €145.2b | €113.9b | €22.1b | 12.1x | 6.6x | 1.3x |
| Fri, 21 Apr 2023 | €155.3b | €109.6b | €21.4b | 10.5x | 7.3x | 1.4x |
| Sun, 19 Mar 2023 | €141.6b | €109.6b | €21.4b | 10.1x | 6.6x | 1.3x |
| Tue, 14 Feb 2023 | €160.2b | €107.9b | €22.5b | 10.8x | 7.1x | 1.5x |
| Thu, 12 Jan 2023 | €146.3b | €106.8b | €20.1b | 11.4x | 7.3x | 1.4x |
| Sat, 10 Dec 2022 | €132.4b | €106.8b | €20.1b | 10.2x | 6.6x | 1.2x |
| Mon, 07 Nov 2022 | €128.2b | €106.7b | €21.2b | 10.4x | 6x | 1.2x |
| Wed, 05 Oct 2022 | €124.6b | €104.4b | €20.5b | 11x | 6.1x | 1.2x |
| Fri, 02 Sep 2022 | €114.4b | €104.4b | €20.5b | 9.6x | 5.6x | 1.1x |
| Sun, 31 Jul 2022 | €116.5b | €98.8b | €19.7b | 9.7x | 5.9x | 1.2x |
| Tue, 28 Jun 2022 | €128.6b | €101.6b | €17.9b | 11.1x | 7.2x | 1.3x |
| Thu, 26 May 2022 | €135.7b | €101.4b | €17.9b | 11.5x | 7.6x | 1.3x |
| Sat, 23 Apr 2022 | €138.7b | €99.1b | €20.2b | 11x | 6.9x | 1.4x |
| Mon, 21 Mar 2022 | €140.1b | €99.1b | €20.2b | 10.7x | 6.9x | 1.4x |
| Wed, 16 Feb 2022 | €153.1b | €98.3b | €21.0b | 13.4x | 7.3x | 1.6x |
| Fri, 14 Jan 2022 | €141.3b | €97.7b | €17.9b | 13.9x | 7.9x | 1.4x |
| Sun, 12 Dec 2021 | €123.2b | €97.7b | €17.9b | 14x | 6.9x | 1.3x |
| Tue, 09 Nov 2021 | €142.4b | €96.0b | €16.3b | 15.4x | 8.8x | 1.5x |
| Thu, 07 Oct 2021 | €145.2b | €92.9b | €15.2b | 15x | 9.5x | 1.6x |
| Sat, 04 Sep 2021 | €137.7b | €92.7b | €15.1b | 14.6x | 9.1x | 1.5x |
| Mon, 02 Aug 2021 | €134.8b | €92.7b | €15.1b | 14.2x | 9x | 1.5x |
Price to Earnings Ratio
9x
Current Industry PE
- Investors are relatively neutral on the Spanish Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 7.1x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 23% 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.
Industry Trends
Which industries have driven the changes within the Spanish Financials sector?
| ES Market | -0.034% | |
| Financials | 0.85% | |
| Banks | 0.90% | |
| Insurance | 0.72% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | 0% | |
| Diversified Financial | -0.22% | |
| Capital Markets | -0.96% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 23.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 6.8x.
Forecasted Growth
- Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 7.4% over the next 5 years.
- However this is lower than its past earnings growth rate of 20% per year.
- In contrast, the Banks 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 | |
|---|---|---|---|---|---|
| SAN Banco Santander | €4.71 | 4.8% +€3.4b | 26.9% | PB0.8x | |
| BBVA Banco Bilbao Vizcaya Argentaria | €10.10 | 1.5% +€876.0m | 39.9% | PB1.1x | |
| CABK CaixaBank | €5.53 | 1.9% +€762.8m | 47.2% | PB1.2x | |
| SAB Banco de Sabadell | €2.02 | 3.6% +€274.5m | 74.3% | PB0.8x | |
| MAP Mapfre | €2.19 | 1.4% +€91.9m | 18.0% | PE8.8x |