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Spanish (IBEX) Industrials Sector Analysis

UpdatedDec 01, 2021
DataAggregated Company Financials
Companies29
  • 7D-2.3%
  • 3M-5.9%
  • 1Y-2.6%
  • YTD-6.4%

Over the last 7 days, the Industrials industry has dropped 2.3%, driven by pullbacks in Ferrovial and Aena S.M.E of 6.9% and 5.4%, respectively. Meanwhile, Siemens Gamesa Renewable Energy actually outperformed within the industry, gaining 10% in the last week. As for the longer term, the industry's performance has been flat for the past year.

Sector Valuation and Performance

Has the Spanish Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Thu, 02 Dec 2021€85.0b€95.0b€741.0m23.2x
Sat, 30 Oct 2021€90.4b€94.7b€585.5m20.5x
Mon, 27 Sep 2021€89.6b€94.6b€569.6m21x
Wed, 25 Aug 2021€89.3b€94.7b€570.6m18.7x
Thu, 01 Jul 2021€90.4b€94.6b€569.7m19.3x
Sun, 04 Apr 2021€91.5b€93.4b€309.4m18.1x
Wed, 06 Jan 2021€89.3b€92.6b€101.7m17.9x
Sat, 10 Oct 2020€72.0b€93.1b€664.3m15.9x
Fri, 03 Jul 2020€71.0b€94.8b€1.8b16.7x
Mon, 06 Apr 2020€62.3b€100.6b€3.4b13x
Thu, 09 Jan 2020€91.2b€100.9b€3.9b17.3x
Wed, 02 Oct 2019€87.0b€97.5b€3.6b17.7x
Sat, 06 Jul 2019€88.1b€96.2b€3.2b19.5x
Tue, 09 Apr 2019€87.0b€95.5b€3.2b21.5x
Mon, 31 Dec 2018€74.7b€92.6b€3.0b19.3x
PE Ratio

18.5x

Total Market Cap: €78.2bTotal Earnings: €2.5bTotal Revenue: €88.0b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 23.2x which is higher than its 3-year average PE of 18.0x. It appears they are confident that earnings will grow faster in the future than they have historically.

Past Earnings Growth: The earnings for companies in the Industrials industry have declined 34% per year over the last three years, while revenues for these companies have grown 2.6% per year. This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

Electrical9.35%
Transportation0%
Machinery-1.04%
Professional Services-1.32%
Logistics-3.14%
Commercial Services-4.29%
Infrastructure-5.41%
Trade Distributors-5.74%
Construction-6.10%

Industry PE: Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 78.6x. However analysts are expecting annual earnings growth of 63%, which is lower than the prior year's growth of 82% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Construction industry, which is trading below its 3-year average of 12.3x.

Forecasted Growth: Analysts are most optimistic on the Electrical industry, expecting annual earnings growth of 63% over the next 5 years. However this is lower than its past earnings growth rate of 82% per year. Meanwhile, the Logistics 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?

Company7D1YValuation
SGRE Siemens Gamesa Renewable Energy6.1%+€890.9m-19.3%PS1.5x
FDR Fluidra1.0%+€66.4m84.4%PE27x
GSJ Grupo Empresarial San José10.9%+€28.3m-8.4%PE12.6x
APPS Applus Services2.0%+€22.9m-4.6%PE44x
ZOT Zardoya Otis0.6%+€18.8m18.3%PE23.4x
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FDR

€34.30

Fluidra

7D

1.0%

1Y

84.4%

AENA

€132.75

Aena S.M.E

7D

-4.9%

1Y

-5.2%