Línea Directa Aseguradora, S.A., Compañía de Seguros y Reaseguros (BME:LDA) Investors Are Less Pessimistic Than Expected
Feb 21
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Spanish (IBEX) Financials Sector Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies23
- 7D1.8%
- 3M29.1%
- 1Y46.5%
- YTD27.0%
The Financials industry is up 1.8% in the last week, with CaixaBank up 4.0%. This takes the industry's 12 month performance to a gain of 47%. In the next few years earnings are forecast to be pretty stable.
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, 21 Feb 2025 | €250.5b | €142.5b | €32.9b | 12.4x | 7.6x | 1.8x |
| Sun, 19 Jan 2025 | €211.4b | €138.6b | €30.7b | 12.1x | 6.9x | 1.5x |
| Tue, 17 Dec 2024 | €205.9b | €138.6b | €30.8b | 12x | 6.7x | 1.5x |
| Thu, 14 Nov 2024 | €195.5b | €138.5b | €30.7b | 13.9x | 6.4x | 1.4x |
| Sat, 12 Oct 2024 | €200.9b | €134.7b | €29.6b | 16.5x | 6.8x | 1.5x |
| Mon, 09 Sep 2024 | €193.8b | €134.8b | €29.7b | 12.7x | 6.5x | 1.4x |
| Wed, 07 Aug 2024 | €181.3b | €134.8b | €29.7b | 12.6x | 6.1x | 1.3x |
| Fri, 05 Jul 2024 | €200.9b | €130.6b | €27.7b | 13.2x | 7.2x | 1.5x |
| Sun, 02 Jun 2024 | €210.2b | €130.6b | €27.7b | 13.3x | 7.6x | 1.6x |
| Tue, 30 Apr 2024 | €209.6b | €127.0b | €26.9b | 12.3x | 7.8x | 1.7x |
| Thu, 28 Mar 2024 | €202.2b | €126.5b | €26.6b | 11.6x | 7.6x | 1.6x |
| Sat, 24 Feb 2024 | €174.3b | €127.2b | €27.2b | 8.9x | 6.4x | 1.4x |
| Mon, 22 Jan 2024 | €163.5b | €115.4b | €25.4b | 8.4x | 6.4x | 1.4x |
| Wed, 20 Dec 2023 | €165.8b | €115.4b | €25.4b | 9.1x | 6.5x | 1.4x |
| Fri, 17 Nov 2023 | €167.8b | €115.4b | €25.4b | 11.9x | 6.6x | 1.5x |
| Sun, 15 Oct 2023 | €160.5b | €117.0b | €23.5b | 13x | 6.8x | 1.4x |
| Tue, 12 Sep 2023 | €154.0b | €117.1b | €23.5b | 14.2x | 6.5x | 1.3x |
| Thu, 10 Aug 2023 | €156.3b | €117.1b | €23.5b | 14x | 6.6x | 1.3x |
| Sat, 08 Jul 2023 | €150.1b | €114.3b | €22.1b | 11.3x | 6.8x | 1.3x |
| Mon, 05 Jun 2023 | €145.9b | €114.1b | €22.1b | 11.8x | 6.6x | 1.3x |
| Wed, 03 May 2023 | €139.8b | €110.6b | €21.7b | 10.5x | 6.4x | 1.3x |
| Fri, 31 Mar 2023 | €151.5b | €109.6b | €21.4b | 10.2x | 7.1x | 1.4x |
| Sun, 26 Feb 2023 | €159.4b | €108.3b | €22.1b | 11x | 7.2x | 1.5x |
| Tue, 24 Jan 2023 | €149.7b | €106.8b | €20.1b | 11.2x | 7.5x | 1.4x |
| Thu, 22 Dec 2022 | €138.0b | €106.8b | €20.1b | 10.9x | 6.9x | 1.3x |
| Sat, 19 Nov 2022 | €130.3b | €106.7b | €21.2b | 10.9x | 6.1x | 1.2x |
| Mon, 17 Oct 2022 | €120.3b | €104.4b | €20.5b | 10.4x | 5.9x | 1.2x |
| Wed, 14 Sep 2022 | €127.6b | €104.4b | €20.5b | 11x | 6.2x | 1.2x |
| Fri, 12 Aug 2022 | €121.6b | €104.4b | €20.5b | 9.8x | 5.9x | 1.2x |
| Sun, 10 Jul 2022 | €121.0b | €101.8b | €17.9b | 10.3x | 6.8x | 1.2x |
| Tue, 07 Jun 2022 | €138.9b | €101.5b | €17.9b | 11.6x | 7.8x | 1.4x |
| Thu, 05 May 2022 | €128.7b | €97.6b | €17.8b | 11.1x | 7.2x | 1.3x |
| Sat, 02 Apr 2022 | €141.2b | €99.1b | €20.2b | 10.8x | 7x | 1.4x |
| Mon, 28 Feb 2022 | €140.8b | €98.8b | €20.6b | 12.8x | 6.8x | 1.4x |
Price to Earnings Ratio
6.8x
Current Industry PE
- Investors are optimistic on the Spanish Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 7.6x which is higher than its 3-year average PE of 6.8x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 13% 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 | 0.25% | |
| Financials | 1.84% | |
| Banks | 2.19% | |
| Capital Markets | 1.25% | |
| Mortgage Finance | 0% | 0 |
| Mortgage REITs | 0% | 0 |
| Consumer Finance | 0% | 0 |
| Diversified Financial | -0.20% | |
| Insurance | -2.86% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 11.5x.
- Analysts are expecting annual earnings growth of 18.5%, which is higher than its past year's earnings decline of 3.6% per year.
- Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.6x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 3.6% 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 | €5.88 | 1.6% +€1.4b | 53.4% | PB0.9x | |
| BBVA Banco Bilbao Vizcaya Argentaria | €12.29 | 2.0% +€1.4b | 30.3% | PB1.3x | |
| CABK CaixaBank | €6.50 | 2.7% +€1.2b | 58.3% | PB1.3x | |
| SAB Banco de Sabadell | €2.52 | 1.7% +€219.8m | 111.1% | PB0.9x | |
| BKT Bankinter | €8.97 | 1.5% +€118.6m | 54.4% | PB1.4x |
