Narrative Update • May 24

Over the last 7 days, the Machinery industry has risen 1.2%, driven by gains from Fluidra of 1.3%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Mon, 15 Jun 2026 | €6.6b | €7.8b | €258.6m | 14.1x | 25.3x | 0.8x |
| Wed, 13 May 2026 | €6.6b | €7.8b | €257.9m | 14.2x | 25.7x | 0.8x |
| Fri, 10 Apr 2026 | €6.9b | €7.8b | €253.9m | 13.6x | 27.1x | 0.9x |
| Sun, 08 Mar 2026 | €6.8b | €7.8b | €255.2m | 12.5x | 26.7x | 0.9x |
| Tue, 03 Feb 2026 | €7.4b | €7.7b | €169.5m | 12.6x | 43.9x | 1x |
| Thu, 01 Jan 2026 | €7.1b | €7.7b | €169.5m | 12.6x | 42.2x | 0.9x |
| Sat, 29 Nov 2025 | €7.1b | €7.7b | €169.5m | 12.3x | 42.1x | 0.9x |
| Mon, 27 Oct 2025 | €7.1b | €7.5b | €134.8m | 11.4x | 52.7x | 0.9x |
| Wed, 24 Sep 2025 | €7.0b | €7.6b | €213.9m | 12.7x | 32.7x | 0.9x |
| Fri, 22 Aug 2025 | €7.2b | €7.6b | €217.2m | 14.2x | 33x | 0.9x |
| Sun, 20 Jul 2025 | €6.7b | €7.6b | €191.8m | 13.2x | 34.8x | 0.9x |
| Tue, 17 Jun 2025 | €6.6b | €7.6b | €191.8m | 13.3x | 34.2x | 0.9x |
| Thu, 15 May 2025 | €6.6b | €7.6b | €190.0m | 12.7x | 34.5x | 0.9x |
| Sat, 12 Apr 2025 | €5.6b | €7.5b | €170.0m | 11.6x | 33x | 0.7x |
| Mon, 10 Mar 2025 | €6.4b | €7.5b | €170.3m | 12.1x | 37.6x | 0.9x |
| Wed, 05 Feb 2025 | €6.5b | €7.3b | €282.3m | 12.4x | 23.2x | 0.9x |
| Fri, 03 Jan 2025 | €6.5b | €7.3b | €282.3m | 12.3x | 22.9x | 0.9x |
| Sun, 01 Dec 2024 | €6.6b | €7.3b | €282.3m | 11.6x | 23.3x | 0.9x |
| Tue, 29 Oct 2024 | €6.5b | €7.3b | €284.8m | 11.7x | 22.7x | 0.9x |
| Thu, 26 Sep 2024 | €6.2b | €7.3b | €284.8m | 11.4x | 21.9x | 0.9x |
| Sat, 24 Aug 2024 | €6.2b | €7.2b | €282.0m | 11x | 22.1x | 0.9x |
| Mon, 22 Jul 2024 | €5.7b | €7.0b | €246.6m | 13.4x | 23.1x | 0.8x |
| Wed, 19 Jun 2024 | €6.2b | €7.0b | €246.6m | 13.1x | 25x | 0.9x |
| Fri, 17 May 2024 | €6.5b | €7.0b | €246.6m | 12.6x | 26.5x | 0.9x |
| Sun, 14 Apr 2024 | €5.7b | €7.0b | €247.8m | 12.4x | 22.9x | 0.8x |
| Tue, 12 Mar 2024 | €6.2b | €7.0b | €245.6m | 37x | 25.2x | 0.9x |
| Thu, 08 Feb 2024 | €5.9b | €6.8b | €193.0m | 19.1x | 30.5x | 0.9x |
| Sat, 06 Jan 2024 | €5.5b | €6.8b | €192.9m | 12.5x | 28.6x | 0.8x |
| Mon, 04 Dec 2023 | €5.5b | €6.8b | €192.9m | 12.4x | 28.4x | 0.8x |
| Wed, 01 Nov 2023 | €4.9b | €6.6b | €179.1m | 13.4x | 27.1x | 0.7x |
| Fri, 29 Sep 2023 | €5.3b | €6.6b | €187.8m | 20.3x | 28.5x | 0.8x |
| Sun, 27 Aug 2023 | €5.7b | €6.6b | €186.3m | 20.8x | 30.4x | 0.9x |
| Tue, 25 Jul 2023 | €5.1b | €6.6b | €208.2m | 20.2x | 24.7x | 0.8x |
| Thu, 22 Jun 2023 | €4.9b | €6.6b | €209.0m | 19.8x | 23.3x | 0.7x |
23.3x
Which industries have driven the changes within the Spanish Industrials industry?
| ES Market | 2.76% | |
| Industrials | 2.28% | |
| Machinery | 2.42% | |
| Construction Machinery and Vehicles | 2.90% | |
| Industrial Machinery | 2.13% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FDR Fluidra | €18.81 | 2.3% +€79.8m | -13.4% | PE20.5x | |
| CAF Construcciones y Auxiliar de Ferrocarriles | €62.00 | 3.7% +€75.4m | 30.4% | PE14.1x | |
| AZK Azkoyen | €12.55 | 1.2% +€3.7m | 31.0% | PE17.7x | |
| NEA Nicolás Correa | €9.78 | 2.7% +€3.2m | -10.7% | PE9.9x |