Narrative Update • May 24
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Spanish (IBEX) Machinery Industry Analysis
UpdatedJun 06, 2026
DataAggregated Company Financials
Companies7
- 7D-1.2%
- 3M-5.0%
- 1Y-3.0%
- YTD-11.0%
Last week, the Machinery industry hasn't moved much but Azkoyen is up 4.8% in that time. As for the longer term, the industry has declined 3.5% in the last year. Looking forward, earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Spanish Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | €6.5b | €7.8b | €258.6m | 13.9x | 25x | 0.8x |
| Mon, 04 May 2026 | €6.8b | €7.8b | €253.9m | 15x | 26.8x | 0.9x |
| Wed, 01 Apr 2026 | €6.5b | €7.8b | €254.2m | 13x | 25.7x | 0.8x |
| Fri, 27 Feb 2026 | €7.2b | €7.7b | €169.5m | 13.1x | 42.2x | 0.9x |
| Sun, 25 Jan 2026 | €7.6b | €7.7b | €169.5m | 12.6x | 44.8x | 1x |
| Tue, 23 Dec 2025 | €7.2b | €7.7b | €169.5m | 12.7x | 42.4x | 0.9x |
| Thu, 20 Nov 2025 | €6.8b | €7.7b | €169.5m | 12.3x | 40.3x | 0.9x |
| Sat, 18 Oct 2025 | €6.9b | €7.5b | €134.8m | 11.3x | 51.5x | 0.9x |
| Mon, 15 Sep 2025 | €7.3b | €7.6b | €216.5m | 14.3x | 33.9x | 1x |
| Wed, 13 Aug 2025 | €7.1b | €7.6b | €217.2m | 12.9x | 32.6x | 0.9x |
| Fri, 11 Jul 2025 | €6.8b | €7.6b | €191.8m | 12.9x | 35.3x | 0.9x |
| Sun, 08 Jun 2025 | €6.6b | €7.6b | €191.8m | 13.5x | 34.6x | 0.9x |
| Tue, 06 May 2025 | €6.3b | €7.5b | €170.0m | 12.6x | 36.9x | 0.8x |
| Thu, 03 Apr 2025 | €6.3b | €7.5b | €170.0m | 12.4x | 36.8x | 0.8x |
| Sat, 01 Mar 2025 | €6.3b | €7.5b | €297.7m | 12.7x | 21.2x | 0.8x |
| Mon, 27 Jan 2025 | €6.8b | €7.3b | €282.3m | 12.2x | 24.2x | 0.9x |
| Wed, 25 Dec 2024 | €6.4b | €7.3b | €282.3m | 12x | 22.7x | 0.9x |
| Fri, 22 Nov 2024 | €6.3b | €7.3b | €282.3m | 11.3x | 22.4x | 0.9x |
| Sun, 20 Oct 2024 | €6.4b | €7.3b | €284.8m | 12x | 22.4x | 0.9x |
| Tue, 17 Sep 2024 | €5.9b | €7.3b | €284.6m | 10.9x | 20.9x | 0.8x |
| Thu, 15 Aug 2024 | €6.1b | €7.2b | €282.0m | 11x | 21.5x | 0.8x |
| Sat, 13 Jul 2024 | €5.9b | €7.0b | €246.6m | 13.4x | 24x | 0.8x |
| Mon, 10 Jun 2024 | €6.3b | €7.0b | €246.6m | 12.9x | 25.5x | 0.9x |
| Wed, 08 May 2024 | €6.1b | €7.0b | €247.8m | 12.7x | 24.6x | 0.9x |
| Fri, 05 Apr 2024 | €6.0b | €7.0b | €247.8m | 12.7x | 24.2x | 0.9x |
| Sun, 03 Mar 2024 | €6.1b | €7.0b | €245.8m | 12.7x | 24.6x | 0.9x |
| Tue, 30 Jan 2024 | €5.6b | €6.8b | €193.0m | 19x | 29.2x | 0.8x |
| Thu, 28 Dec 2023 | €5.7b | €6.8b | €192.9m | 12.5x | 29.5x | 0.8x |
| Sat, 25 Nov 2023 | €5.5b | €6.8b | €194.4m | 12.4x | 28.4x | 0.8x |
| Mon, 23 Oct 2023 | €4.8b | €6.6b | €187.7m | 13.3x | 25.7x | 0.7x |
| Wed, 20 Sep 2023 | €5.4b | €6.6b | €187.8m | 20.8x | 28.7x | 0.8x |
| Fri, 18 Aug 2023 | €5.8b | €6.6b | €186.3m | 19.3x | 31.4x | 0.9x |
| Sun, 16 Jul 2023 | €5.0b | €6.6b | €209.0m | 19.7x | 23.8x | 0.8x |
| Tue, 13 Jun 2023 | €5.1b | €6.6b | €209.0m | 19.9x | 24.6x | 0.8x |
Price to Earnings Ratio
24.6x
Current Industry PE
- Investors are pessimistic on the Spanish Machinery 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 25.1x which is lower than its 3-year average PE of 30.1x.
- The industry is trading close to its 3-year average PS ratio of 0.87x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 7.4% per year over the last three years.
- Revenues for these companies have grown 6.1% 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 industry?
| ES Market | 0.088% | |
| Industrials | -0.26% | |
| Machinery | -1.15% | |
| Industrial Machinery | -0.90% | |
| Construction Machinery and Vehicles | -1.57% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 6.6x.
- Analysts are expecting annual earnings growth of 34.3%, which is higher than its past year's earnings growth of 29.2% per year.
- Investors are most pessimistic about the Industrial Machinery industry, which is trading below its 3-year average of 27.4x.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 34% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| AZK Azkoyen | €12.10 | 4.8% +€13.4m | 25.0% | PE17x | |
| TLGO Talgo | €2.75 | 1.5% +€5.4m | -15.1% | PS0.6x | |
| NBI NBI Bearings Europe | €3.20 | 3.2% +€1.2m | -3.0% | PS0.8x | |
| NEA Nicolás Correa | €9.60 | 0.2% +€243.1k | -17.6% | PE9.7x |