Narrative Update • Jul 12
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Spanish (IBEX) Industrials Sector Analysis
UpdatedJul 15, 2026
DataAggregated Company Financials
Companies29
- 7D-2.4%
- 3M-2.1%
- 1Y32.7%
- YTD13.3%
Over the last 7 days, the Industrials industry has dropped 2.4%, driven by Aena S.M.E declining 2.2%. Over the past 12 months, the industry was up 33%. As for the next few years, earnings are expected to grow by 9.7% per annum.
Sector Valuation and Performance
Has the Spanish Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 15 Jul 2026 | €142.3b | €121.4b | €5.3b | 19.1x | 26.9x | 1.2x |
| Fri, 12 Jun 2026 | €141.6b | €121.5b | €5.3b | 17.2x | 26.7x | 1.2x |
| Sun, 10 May 2026 | €144.2b | €119.9b | €5.2b | 15.8x | 27.8x | 1.2x |
| Tue, 07 Apr 2026 | €137.9b | €119.2b | €5.2b | 16.7x | 26.7x | 1.2x |
| Thu, 05 Mar 2026 | €137.4b | €118.9b | €4.8b | 15.1x | 28.3x | 1.2x |
| Sat, 31 Jan 2026 | €132.2b | €117.4b | €7.2b | 14.4x | 18.4x | 1.1x |
| Mon, 29 Dec 2025 | €123.8b | €117.4b | €7.2b | 13.9x | 17.2x | 1.1x |
| Wed, 26 Nov 2025 | €122.7b | €117.5b | €7.2b | 13.8x | 17.1x | 1x |
| Fri, 24 Oct 2025 | €120.5b | €115.6b | €7.0b | 16.4x | 17.1x | 1x |
| Sun, 21 Sep 2025 | €114.0b | €115.6b | €7.1b | 16.4x | 16x | 1x |
| Tue, 19 Aug 2025 | €115.3b | €115.6b | €7.1b | 18.4x | 16.2x | 1x |
| Thu, 17 Jul 2025 | €107.0b | €112.2b | €7.0b | 17.2x | 15.3x | 1x |
| Sat, 14 Jun 2025 | €106.4b | €112.2b | €7.0b | 16.7x | 15.2x | 0.9x |
| Mon, 12 May 2025 | €104.3b | €108.9b | €7.0b | 17x | 15x | 1x |
| Wed, 09 Apr 2025 | €92.8b | €108.5b | €6.9b | 15.1x | 13.4x | 0.9x |
| Fri, 07 Mar 2025 | €98.7b | €108.7b | €7.2b | 13.8x | 13.7x | 0.9x |
| Sun, 02 Feb 2025 | €96.9b | €104.7b | €4.7b | 13.8x | 20.7x | 0.9x |
| Tue, 31 Dec 2024 | €93.3b | €104.7b | €4.7b | 13.3x | 19.9x | 0.9x |
| Thu, 28 Nov 2024 | €93.9b | €107.1b | €4.7b | 13.6x | 20x | 0.9x |
| Sat, 26 Oct 2024 | €93.9b | €104.9b | €4.6b | 13.4x | 20.6x | 0.9x |
| Mon, 23 Sep 2024 | €93.2b | €104.9b | €4.6b | 14.7x | 20.4x | 0.9x |
| Wed, 21 Aug 2024 | €88.0b | €104.9b | €4.6b | 13.9x | 19.3x | 0.8x |
| Fri, 19 Jul 2024 | €92.1b | €102.3b | €4.2b | 13.9x | 21.8x | 0.9x |
| Sun, 16 Jun 2024 | €90.4b | €102.3b | €4.2b | 14x | 21.4x | 0.9x |
| Tue, 14 May 2024 | €88.2b | €101.4b | €4.2b | 15.4x | 21.1x | 0.9x |
| Thu, 11 Apr 2024 | €85.7b | €101.4b | €4.1b | 15.2x | 21x | 0.8x |
| Sat, 09 Mar 2024 | €86.5b | €102.4b | €4.4b | 16.5x | 19.8x | 0.8x |
| Mon, 05 Feb 2024 | €95.3b | €110.8b | €2.2b | 16.6x | 43.8x | 0.9x |
| Wed, 03 Jan 2024 | €97.0b | €110.8b | €2.2b | 16.3x | 44.6x | 0.9x |
| Fri, 01 Dec 2023 | €91.5b | €110.8b | €2.2b | 15.9x | 42.1x | 0.8x |
| Sun, 29 Oct 2023 | €82.2b | €110.1b | €1.9b | 13x | 42.4x | 0.7x |
| Tue, 26 Sep 2023 | €85.4b | €110.3b | €2.0b | 13.8x | 43.7x | 0.8x |
| Thu, 24 Aug 2023 | €86.6b | €110.1b | €2.0b | 15x | 43.6x | 0.8x |
| Sat, 22 Jul 2023 | €87.1b | €107.6b | €1.6b | 17.4x | 54.5x | 0.8x |
Price to Earnings Ratio
54.5x
Current Industry PE
- Investors are optimistic on the Spanish Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 26.9x which is higher than its 3-year average PE of 24.4x.
- The 3-year average PS ratio of 0.94x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 49% per year over the last three years.
- Revenues for these companies have grown 4.1% 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 Industrials sector?
| ES Market | -1.62% | |
| Industrials | -2.43% | |
| Professional Services | 17.02% | |
| Building | 0% | 0 |
| Logistics | -0.12% | |
| Transportation | -0.58% | |
| Trade Distributors | -0.68% | |
| Construction | -2.16% | |
| Infrastructure | -2.29% | |
| Commercial Services | -4.24% | |
| Machinery | -4.99% | |
| Electrical | -5.86% | |
Industry PE
- Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 22.4%, which is lower than the prior year's growth of 243.2% per year.
- Investors are most pessimistic about the Transportation industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.2x.
Forecasted Growth
- Analysts are most optimistic on the Trade Distributors industry, expecting annual earnings growth of 30% over the next 5 years.
- However this is lower than its past earnings growth rate of 53% per year.
- In contrast, the Infrastructure industry is expected to see its earnings grow by 3.9% 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 | |
|---|---|---|---|---|---|
| ACS ACS Actividades de Construcción y Servicios | €120.40 | 1.7% +€530.3m | 115.2% | PE32.2x | |
| PSG Prosegur Compañía de Seguridad | €2.87 | 3.8% +€55.9m | -5.9% | PE12.3x | |
| LOG Logista Integral | €33.86 | 1.1% +€50.2m | 24.0% | PE16.8x | |
| SCYR Sacyr | €4.74 | 1.2% +€44.8m | 36.5% | PE39.3x | |
| CASH Prosegur Cash | €0.65 | 2.4% +€21.9m | -25.3% | PE10.3x |
