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Spanish (IBEX) Financials Sector Analysis

UpdatedFeb 25, 2024
DataAggregated Company Financials
Companies24
  • 7D3.9%
  • 3M3.4%
  • 1Y12.8%
  • YTD4.8%

In the last week, the Financials industry is up 3.9%, with Banco Santander leading the way, up 4.4%. This means that the industry has gained 13% over the past year. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Feb 2024€174.3b€127.2b€26.7b8.9x6.5x1.4x
Tue, 23 Jan 2024€165.8b€115.4b€25.4b8.5x6.5x1.4x
Thu, 21 Dec 2023€165.2b€115.4b€25.4b9.1x6.5x1.4x
Sat, 18 Nov 2023€169.4b€115.4b€25.4b11.9x6.7x1.5x
Mon, 16 Oct 2023€160.5b€117.0b€23.5b13x6.8x1.4x
Wed, 13 Sep 2023€154.6b€117.1b€23.5b14.2x6.6x1.3x
Fri, 11 Aug 2023€160.0b€117.1b€23.5b14x6.8x1.4x
Sun, 09 Jul 2023€150.1b€114.3b€22.1b11.3x6.8x1.3x
Tue, 06 Jun 2023€144.9b€114.1b€22.1b11.8x6.5x1.3x
Thu, 04 May 2023€139.1b€110.6b€21.7b10.5x6.4x1.3x
Sat, 01 Apr 2023€150.0b€109.6b€21.4b10.1x7x1.4x
Mon, 27 Feb 2023€159.4b€108.3b€22.1b11x7.2x1.5x
Wed, 25 Jan 2023€149.9b€106.8b€20.1b11.2x7.5x1.4x
Fri, 23 Dec 2022€137.1b€106.8b€20.1b10.9x6.8x1.3x
Sun, 20 Nov 2022€130.3b€106.7b€21.2b10.9x6.1x1.2x
Tue, 18 Oct 2022€120.3b€104.4b€20.5b10.4x5.9x1.2x
Thu, 15 Sep 2022€125.5b€104.4b€20.5b11.1x6.1x1.2x
Sat, 13 Aug 2022€122.7b€104.4b€20.5b9.9x6x1.2x
Mon, 11 Jul 2022€121.0b€101.8b€17.9b10.3x6.8x1.2x
Wed, 08 Jun 2022€137.7b€101.4b€17.9b11.6x7.7x1.4x
Fri, 06 May 2022€125.3b€97.6b€17.8b10.8x7x1.3x
Sun, 03 Apr 2022€141.2b€99.1b€20.2b10.8x7x1.4x
Tue, 01 Mar 2022€136.3b€98.8b€20.1b12.5x6.8x1.4x
Thu, 27 Jan 2022€140.3b€96.2b€17.6b13.8x8x1.5x
Sat, 25 Dec 2021€128.0b€97.7b€17.9b13.8x7.1x1.3x
Mon, 22 Nov 2021€132.9b€96.3b€17.7b14.2x7.5x1.4x
Wed, 20 Oct 2021€144.2b€92.9b€15.2b14.6x9.5x1.6x
Fri, 17 Sep 2021€137.2b€92.7b€15.1b14.7x9.1x1.5x
Sun, 15 Aug 2021€142.8b€92.7b€15.1b14.3x9.5x1.5x
Thu, 10 Jun 2021€141.5b€87.0b€2.2b19.4x64.1x1.6x
Wed, 03 Mar 2021€116.1b€83.5b-€4,577,174,495.0016.9x-25.4x1.4x
Price to Earnings Ratio

-25.4x


Total Market Cap: €116.1bTotal Earnings: -€4,577,174,495.00Total Revenue: €83.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Financials Sector Price to Earnings3Y Average 10.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Spanish Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 6.4x which is lower than its 3-year average PE of 10.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • Total earnings for the Financials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Spanish Financials sector?

ES Market2.23%
Financials3.88%
Banks4.13%
Diversified Financial3.14%
Insurance1.29%
Mortgage Finance0%
Mortgage REITs0%
Consumer Finance0%
Capital Markets-0.12%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 28.9x.
    • 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 below its 3-year average of 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 13% 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?

CompanyLast Price7D1YValuation
SAN Banco Santander€3.834.4%
+€2.6b
10.2%PB0.6x
BBVA Banco Bilbao Vizcaya Argentaria€9.434.6%
+€2.3b
34.2%PB1x
CABK CaixaBank€4.103.6%
+€1.0b
4.0%PB0.8x
SAB Banco de Sabadell€1.192.4%
+€151.3m
0.6%PB0.5x
BKT Bankinter€5.813.0%
+€151.0m
-9.5%PB1x
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Latest News

SAN

€3.83

Banco Santander

7D

4.4%

1Y

10.2%

SAB

€1.19

Banco de Sabadell

7D

2.4%

1Y

0.6%

ALNT

€8.56

Alantra Partners

7D

-0.7%

1Y

-31.2%

CABK

€4.10

CaixaBank

7D

3.6%

1Y

4.0%

MAP

€1.97

Mapfre

7D

1.2%

1Y

-2.4%

GCO

€33.95

Grupo Catalana Occidente

7D

2.3%

1Y

13.2%

ALB

€48.55

Corporación Financiera Alba

7D

3.3%

1Y

11.5%