ENCE Energía y Celulosa (BME:ENC) Has A Pretty Healthy Balance Sheet
Nov 20
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Spanish (IBEX) Materials Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies14
- 7D-1.4%
- 3M1.4%
- 1Y10.8%
- YTD-2.0%
Over the last 7 days, the Materials industry has dropped 2.2%, driven by a pullback from Inmocemento of 18%. On the other hand ENCE Energía y Celulosa is actually up 7.7%. This takes the industry's 12 month performance to a gain of 12%. Earnings are forecast to grow by 21% annually.
Sector Valuation and Performance
Has the Spanish Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | €10.5b | €12.1b | €721.2m | 12.1x | 14.6x | 0.9x |
| Sat, 19 Oct 2024 | €9.1b | €12.4b | €717.7m | 12.1x | 12.7x | 0.7x |
| Mon, 16 Sep 2024 | €8.9b | €12.0b | €674.4m | 13.8x | 13.3x | 0.7x |
| Wed, 14 Aug 2024 | €8.8b | €12.0b | €681.0m | 13.5x | 13x | 0.7x |
| Fri, 12 Jul 2024 | €9.2b | €12.4b | €734.9m | 12.1x | 12.5x | 0.7x |
| Sun, 09 Jun 2024 | €9.7b | €12.4b | €734.9m | 12.6x | 13.2x | 0.8x |
| Tue, 07 May 2024 | €9.4b | €12.5b | €702.3m | 10.5x | 13.4x | 0.8x |
| Thu, 04 Apr 2024 | €9.1b | €12.8b | €800.8m | 10.7x | 11.4x | 0.7x |
| Sat, 02 Mar 2024 | €8.7b | €13.2b | €909.6m | 8.4x | 9.6x | 0.7x |
| Mon, 29 Jan 2024 | €8.8b | €13.2b | €902.0m | 11.1x | 9.7x | 0.7x |
| Wed, 27 Dec 2023 | €9.0b | €13.2b | €902.0m | 11.5x | 9.9x | 0.7x |
| Fri, 24 Nov 2023 | €8.2b | €13.1b | €904.6m | 11.1x | 9.1x | 0.6x |
| Sun, 22 Oct 2023 | €7.6b | €13.8b | €969.9m | 9.2x | 7.8x | 0.5x |
| Tue, 19 Sep 2023 | €8.0b | €13.8b | €940.7m | 8.7x | 8.5x | 0.6x |
| Thu, 17 Aug 2023 | €8.0b | €13.9b | €940.7m | 9x | 8.5x | 0.6x |
| Sat, 15 Jul 2023 | €8.3b | €14.7b | €1.1b | 8.7x | 7.3x | 0.6x |
| Mon, 12 Jun 2023 | €8.4b | €14.7b | €1.2b | 8.8x | 7.3x | 0.6x |
| Wed, 10 May 2023 | €8.6b | €15.2b | €1.3b | 10.1x | 6.8x | 0.6x |
| Fri, 07 Apr 2023 | €8.9b | €15.1b | €1.2b | 10.7x | 7.1x | 0.6x |
| Sun, 05 Mar 2023 | €9.1b | €15.1b | €1.2b | 10.1x | 7.3x | 0.6x |
| Tue, 31 Jan 2023 | €8.7b | €14.9b | €1.4b | 10.6x | 6.3x | 0.6x |
| Thu, 29 Dec 2022 | €7.9b | €14.9b | €1.4b | 10.6x | 5.7x | 0.5x |
| Sat, 26 Nov 2022 | €7.9b | €14.8b | €1.4b | 11.1x | 5.7x | 0.5x |
| Mon, 24 Oct 2022 | €7.4b | €14.3b | €1.4b | 11x | 5.3x | 0.5x |
| Wed, 21 Sep 2022 | €7.0b | €14.2b | €1.4b | 9.1x | 5x | 0.5x |
| Fri, 19 Aug 2022 | €7.7b | €14.2b | €1.4b | 9.7x | 5.5x | 0.5x |
| Sun, 17 Jul 2022 | €7.3b | €12.7b | €946.7m | 9.7x | 7.7x | 0.6x |
| Tue, 14 Jun 2022 | €8.2b | €12.7b | €946.7m | 10.2x | 8.7x | 0.6x |
| Thu, 12 May 2022 | €8.1b | €11.7b | €781.2m | 9.6x | 10.4x | 0.7x |
| Sat, 09 Apr 2022 | €7.7b | €11.5b | €737.8m | 9.7x | 10.4x | 0.7x |
| Mon, 07 Mar 2022 | €7.6b | €11.5b | €737.8m | 9.1x | 10.4x | 0.7x |
| Wed, 02 Feb 2022 | €8.5b | €10.5b | €596.8m | 9.9x | 14.2x | 0.8x |
| Fri, 31 Dec 2021 | €8.6b | €10.5b | €596.9m | 10.3x | 14.5x | 0.8x |
| Sun, 28 Nov 2021 | €8.3b | €10.5b | €596.9m | 10x | 13.9x | 0.8x |
Price to Earnings Ratio
13.9x
Current Industry PE
- Investors are optimistic on the Spanish Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.8x which is higher than its 3-year average PE of 9.5x.
- The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 6.5% per year over the last three years.
- Revenues for these companies have grown 4.8% 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 Materials sector?
| ES Market | 1.51% | |
| Materials | -1.37% | |
| Paper and Forestry Products | 2.19% | |
| Metals and Mining | 1.29% | |
| Packaging | 0.21% | |
| Chemicals | 0.14% | |
| Basic Materials | -7.01% | |
Industry PE
- Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 10.9x.
- Analysts are expecting annual earnings growth of 50.0%, which is higher than its past year's earnings decline of 33.5% per year.
- Investors are most pessimistic about the Paper and Forestry Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.2x.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 50% over the next 5 years.
- This is better than its past earnings decline of 34% per year.
- In contrast, the Packaging industry is expected to see its earnings grow by 3.7% 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 | |
|---|---|---|---|---|---|
| ENC ENCE Energía y Celulosa | €2.91 | 5.9% +€39.3m | -0.8% | PE15.9x | |
| ACX Acerinox | €9.00 | 1.4% +€31.2m | -10.7% | PE53.2x | |
| TUB Tubacex | €3.40 | 1.6% +€6.7m | 12.4% | PE18.2x | |
| VID Vidrala | €95.30 | 0.2% +€6.7m | 24.0% | PE14.1x | |
| KOM Plásticos Compuestos | €1.01 | 4.1% +€476.0k | 23.2% | PS0.3x |
