Narrative Update • May 24

The Machinery is pretty flat in the last 7 days, but Azkoyen has stood out, gaining 3.8%. The past year has been better, since the industry has gained 5.0% in that time. Earnings are forecast to grow by 23% annually.
Has the Spanish Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Jun 2026 | €6.7b | €7.8b | €258.7m | 14.3x | 25.8x | 0.9x |
| Thu, 21 May 2026 | €6.5b | €7.8b | €255.7m | 14.1x | 25.6x | 0.8x |
| Sat, 18 Apr 2026 | €7.0b | €7.8b | €253.9m | 13.8x | 27.7x | 0.9x |
| Mon, 16 Mar 2026 | €6.5b | €7.8b | €254.2m | 12.8x | 25.5x | 0.8x |
| Wed, 11 Feb 2026 | €7.7b | €7.7b | €169.5m | 12.7x | 45.4x | 1x |
| Fri, 09 Jan 2026 | €7.6b | €7.7b | €169.5m | 12.6x | 44.6x | 1x |
| Sun, 07 Dec 2025 | €7.1b | €7.7b | €169.5m | 12.3x | 41.7x | 0.9x |
| Tue, 04 Nov 2025 | €7.3b | €7.5b | €134.8m | 11.5x | 53.8x | 1x |
| Thu, 02 Oct 2025 | €6.9b | €7.5b | €134.8m | 11.1x | 50.9x | 0.9x |
| Sat, 30 Aug 2025 | €7.2b | €7.6b | €217.2m | 14x | 33.1x | 0.9x |
| Mon, 28 Jul 2025 | €7.0b | €7.6b | €191.8m | 14x | 36.6x | 0.9x |
| Wed, 25 Jun 2025 | €6.3b | €7.6b | €191.8m | 12.8x | 33x | 0.8x |
| Fri, 23 May 2025 | €6.5b | €7.6b | €190.0m | 12.7x | 34.2x | 0.9x |
| Sun, 20 Apr 2025 | €5.8b | €7.5b | €170.0m | 12x | 34.4x | 0.8x |
| Tue, 18 Mar 2025 | €6.2b | €7.5b | €170.3m | 12.1x | 36.3x | 0.8x |
| Thu, 13 Feb 2025 | €6.5b | €7.3b | €282.3m | 12.8x | 23x | 0.9x |
| Sat, 11 Jan 2025 | €6.4b | €7.3b | €282.3m | 12.2x | 22.8x | 0.9x |
| Mon, 09 Dec 2024 | €6.8b | €7.3b | €282.3m | 11.9x | 24x | 0.9x |
| Wed, 06 Nov 2024 | €6.8b | €7.3b | €292.0m | 11.8x | 23.5x | 0.9x |
| Fri, 04 Oct 2024 | €6.3b | €7.3b | €284.8m | 11.3x | 22.1x | 0.9x |
| Sun, 01 Sep 2024 | €6.2b | €7.2b | €282.0m | 11.1x | 22.1x | 0.9x |
| Tue, 30 Jul 2024 | €5.9b | €7.0b | €246.2m | 13.2x | 24x | 0.8x |
| Thu, 27 Jun 2024 | €5.7b | €7.0b | €246.6m | 12.8x | 23.3x | 0.8x |
| Sat, 25 May 2024 | €6.5b | €7.0b | €246.6m | 12.5x | 26.3x | 0.9x |
| Mon, 22 Apr 2024 | €5.5b | €7.0b | €247.8m | 12.2x | 22.4x | 0.8x |
| Wed, 20 Mar 2024 | €6.1b | €7.0b | €247.3m | 12.8x | 24.7x | 0.9x |
| Fri, 16 Feb 2024 | €5.9b | €6.8b | €194.4m | 12.8x | 30.5x | 0.9x |
| Sun, 14 Jan 2024 | €5.6b | €6.8b | €193.5m | 12.5x | 29.1x | 0.8x |
| Tue, 12 Dec 2023 | €5.4b | €6.8b | €192.9m | 12.2x | 27.8x | 0.8x |
| Thu, 09 Nov 2023 | €5.1b | €6.6b | €179.1m | 13.6x | 28.2x | 0.8x |
| Sat, 07 Oct 2023 | €5.0b | €6.6b | €187.7m | 13.9x | 26.9x | 0.8x |
| Mon, 04 Sep 2023 | €5.9b | €6.6b | €187.8m | 21.3x | 31.2x | 0.9x |
| Wed, 02 Aug 2023 | €5.6b | €6.6b | €187.0m | 19.3x | 30x | 0.8x |
| Fri, 30 Jun 2023 | €5.1b | €6.6b | €209.0m | 19.7x | 24.2x | 0.8x |
24.2x
Which industries have driven the changes within the Spanish Industrials industry?
| ES Market | 2.09% | |
| Industrials | 3.25% | |
| Machinery | -0.50% | |
| Construction Machinery and Vehicles | -0.40% | |
| Industrial Machinery | -0.56% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AZK Azkoyen | €13.75 | 3.8% +€12.2m | 55.2% | PE19.4x | |
| DESA Desarrollos Especiales de Sistemas de Anclaje | €25.00 | 19.0% +€7.1m | 63.4% | PE11.1x |