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Spanish (IBEX) Financials Sector Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies26
- 7D-4.4%
- 3M-3.1%
- 1Y21.5%
- YTD19.5%
Over the last 7 days, the Financials industry has dropped 4.4%, driven by Banco Santander declining 7.0%. Meanwhile, Axon Partners Group actually outperformed within the industry, gaining 17% in the last week. In the past year, the industry has gained 22%. Earnings are forecast to be flat in the coming years.
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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | €196.4b | €138.6b | €30.8b | 12x | 6.4x | 1.4x |
| Tue, 19 Nov 2024 | €204.6b | €138.5b | €30.8b | 12x | 6.7x | 1.5x |
| Thu, 17 Oct 2024 | €202.0b | €134.7b | €29.6b | 16.9x | 6.8x | 1.5x |
| Sat, 14 Sep 2024 | €199.4b | €134.8b | €29.7b | 12.8x | 6.7x | 1.5x |
| Mon, 12 Aug 2024 | €187.1b | €134.8b | €29.7b | 12.9x | 6.3x | 1.4x |
| Wed, 10 Jul 2024 | €197.4b | €130.6b | €27.7b | 13.1x | 7.1x | 1.5x |
| Fri, 07 Jun 2024 | €206.9b | €130.6b | €27.7b | 13.2x | 7.5x | 1.6x |
| Sun, 05 May 2024 | €198.3b | €130.4b | €27.7b | 12.4x | 7.2x | 1.5x |
| Tue, 02 Apr 2024 | €200.5b | €126.5b | €26.6b | 11.7x | 7.5x | 1.6x |
| Thu, 29 Feb 2024 | €174.7b | €127.4b | €26.8b | 8.9x | 6.5x | 1.4x |
| Sat, 27 Jan 2024 | €163.7b | €115.4b | €25.4b | 8.7x | 6.5x | 1.4x |
| Mon, 25 Dec 2023 | €165.9b | €115.4b | €25.4b | 9.1x | 6.5x | 1.4x |
| Wed, 22 Nov 2023 | €170.3b | €115.4b | €25.4b | 10x | 6.7x | 1.5x |
| Fri, 20 Oct 2023 | €160.9b | €117.0b | €23.5b | 13.1x | 6.8x | 1.4x |
| Sun, 17 Sep 2023 | €155.5b | €117.1b | €23.5b | 14.2x | 6.6x | 1.3x |
| Tue, 15 Aug 2023 | €159.6b | €117.1b | €23.5b | 14x | 6.8x | 1.4x |
| Thu, 13 Jul 2023 | €156.3b | €114.3b | €22.1b | 12.8x | 7.1x | 1.4x |
| Sat, 10 Jun 2023 | €145.7b | €114.1b | €22.1b | 11.8x | 6.6x | 1.3x |
| Mon, 08 May 2023 | €139.7b | €111.4b | €21.8b | 10.8x | 6.4x | 1.3x |
| Wed, 05 Apr 2023 | €149.4b | €109.6b | €21.4b | 10.1x | 7x | 1.4x |
| Fri, 03 Mar 2023 | €165.8b | €108.3b | €22.1b | 11x | 7.5x | 1.5x |
| Sun, 29 Jan 2023 | €152.6b | €106.8b | €20.1b | 11.4x | 7.6x | 1.4x |
| Tue, 27 Dec 2022 | €137.3b | €106.8b | €20.1b | 10.9x | 6.8x | 1.3x |
| Thu, 24 Nov 2022 | €135.6b | €106.7b | €21.2b | 11.3x | 6.4x | 1.3x |
| Sat, 22 Oct 2022 | €126.2b | €104.4b | €20.5b | 10.7x | 6.1x | 1.2x |
| Mon, 19 Sep 2022 | €128.1b | €104.4b | €20.5b | 11.3x | 6.3x | 1.2x |
| Wed, 17 Aug 2022 | €123.4b | €104.4b | €20.5b | 10x | 6x | 1.2x |
| Fri, 15 Jul 2022 | €109.6b | €101.8b | €17.9b | 9.7x | 6.1x | 1.1x |
| Sun, 12 Jun 2022 | €125.1b | €101.6b | €17.9b | 11.2x | 7x | 1.2x |
| Tue, 10 May 2022 | €122.4b | €97.7b | €17.9b | 10.6x | 6.9x | 1.3x |
| Thu, 07 Apr 2022 | €134.2b | €99.1b | €20.2b | 11x | 6.6x | 1.4x |
| Sat, 05 Mar 2022 | €123.4b | €99.3b | €20.2b | 10x | 6.1x | 1.2x |
| Mon, 31 Jan 2022 | €141.5b | €95.1b | €17.9b | 12.7x | 7.9x | 1.5x |
| Wed, 29 Dec 2021 | €129.6b | €97.7b | €17.9b | 14.1x | 7.2x | 1.3x |
Price to Earnings Ratio
7.2x
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 6.8x.
- The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 20% 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 | -2.18% | |
| Financials | -4.40% | |
| Capital Markets | 1.01% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | 0% | |
| Diversified Financial | -0.31% | |
| Insurance | -2.68% | |
| Banks | -4.70% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 13.8x.
- 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, which is trading close to 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 | |
|---|---|---|---|---|---|
| APG Axon Partners Group | €18.60 | 17.0% +€14.3m | 9.4% | n/a | |
| R4 Renta 4 Banco | €12.30 | 2.5% +€12.2m | 20.6% | PE16.6x | |
| INDXA Indexa Capital Group | €8.80 | 1.7% +€2.2m | -11.6% | PE317.1x | |
| YINB3 Inbest Prime III Inmuebles SOCIMI | €0.94 | 2.2% +€496.2k | 1.6% | PE142.9x | |
| YKTS Ktesios Real Estate Socimi | €17.10 | 0.6% +€145.7k | n/a | n/a |