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Spanish (IBEX) Telecom Sector Analysis

UpdatedNov 30, 2023
DataAggregated Company Financials
  • 7D3.0%
  • 3M0.4%
  • 1Y3.9%
  • YTD12.2%

The Telecom industry is up 2.3% in the last week, with Cellnex Telecom up 3.6%. This takes the industry's 12 month performance to a gain of 6.5%. Looking forward, earnings are forecast to grow by 34% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 Dec 2023€49.1b€47.8b€1.6b14x30.9x1x
Sun, 29 Oct 2023€41.1b€47.7b€1.5b13.5x27.3x0.9x
Tue, 26 Sep 2023€49.5b€47.7b€1.5b15.5x32.9x1x
Thu, 24 Aug 2023€47.6b€47.7b€1.5b15.3x31.6x1x
Sat, 22 Jul 2023€49.4b€47.4b€1.4b17.4x36x1x
Mon, 19 Jun 2023€48.8b€47.4b€1.4b17.7x35.4x1x
Wed, 17 May 2023€51.8b€47.4b€1.4b23.3x37.6x1.1x
Fri, 14 Apr 2023€52.5b€46.5b€1.8b20x29.1x1.1x
Sun, 12 Mar 2023€49.4b€46.5b€1.8b23.2x27.4x1.1x
Tue, 07 Feb 2023€47.7b€46.0b-€124,163,591.0036.4x-384.5x1x
Thu, 05 Jan 2023€45.0b€46.0b-€119,036,255.0032x-377.8x1x
Sat, 03 Dec 2022€46.7b€46.0b-€119,771,256.0037.9x-389.9x1x
Mon, 31 Oct 2022€44.3b€44.5b€136.5m29.8x324.1x1x
Wed, 28 Sep 2022€43.6b€44.5b€136.4m27.2x319.6x1x
Fri, 26 Aug 2022€53.8b€44.5b€136.4m28.2x394.2x1.2x
Sun, 24 Jul 2022€56.7b€44.4b€7.6b6.4x7.4x1.3x
Tue, 21 Jun 2022€54.7b€44.5b€7.6b15.7x7.2x1.2x
Thu, 19 May 2022€56.6b€44.2b€7.6b17.3x7.4x1.3x
Sat, 16 Apr 2022€61.7b€44.8b€7.9b20.4x7.9x1.4x
Mon, 14 Mar 2022€54.2b€44.8b€7.9b23.9x6.9x1.2x
Wed, 09 Feb 2022€54.1b€44.9b€10.1b38.3x5.4x1.2x
Fri, 07 Jan 2022€56.2b€44.9b€10.1b56.5x5.6x1.3x
Sun, 05 Dec 2021€57.9b€44.9b€10.1b58.5x5.7x1.3x
Tue, 02 Nov 2021€62.3b€47.8b€9.2b57.1x6.7x1.3x
Thu, 30 Sep 2021€64.2b€47.4b€9.3b56.5x6.9x1.4x
Sat, 28 Aug 2021€68.6b€46.7b€9.2b59.3x7.4x1.5x
Sun, 04 Jul 2021€61.9b€46.7b€9.2b60.4x6.7x1.3x
Wed, 07 Apr 2021€47.8b€46.7b€1.9b64.8x25.8x1x
Sat, 09 Jan 2021€44.4b€47.6b€1.4b46.1x32.1x0.9x
Price to Earnings Ratio


Total Market Cap: €47.4bTotal Earnings: €562.9mTotal Revenue: €49.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Telecom Sector Price to Earnings3Y Average 8.8x202120222023
Current Industry PE
  • Investors are optimistic on the Spanish Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.9x which is higher than its 3-year average PE of 8.8x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 41% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

ES Market1.50%
Telecom Services and Carriers3.34%
Interactive Media and Services0%
Wireless Telecom0%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 35.4%, which is lower than the prior year's growth of 4,305.7% per year.
  • Investors are most pessimistic about the Media industry, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Media industry is expected to see its earnings grow by 2.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CLNX Cellnex Telecom€35.043.6%
TEF Telefónica€3.953.0%
A3M Atresmedia Corporación de Medios de Comunicación€3.802.2%
PRS Promotora de Informaciones€0.303.8%
VOC Vocento€0.631.3%
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