Spanish (IBEX) Utilities Sector Analysis

Sector Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 15 Apr 2025	€171.9b	€116.1b	€10.4b	14.5x	16.5x	1.5x
Thu, 13 Mar 2025	€161.7b	€116.1b	€10.4b	15.9x	15.5x	1.4x
Sat, 08 Feb 2025	€157.4b	€116.2b	€11.0b	13.1x	14.3x	1.4x
Mon, 06 Jan 2025	€158.9b	€116.2b	€11.0b	14.3x	14.5x	1.4x
Wed, 04 Dec 2024	€158.2b	€116.2b	€11.1b	15.4x	14.3x	1.4x
Fri, 01 Nov 2024	€157.0b	€116.5b	€11.0b	14.7x	14.3x	1.3x
Sun, 29 Sep 2024	€159.1b	€117.6b	€9.9b	19.4x	16x	1.4x
Tue, 27 Aug 2024	€151.7b	€117.6b	€9.9b	19.5x	15.3x	1.3x
Thu, 25 Jul 2024	€144.1b	€120.7b	€10.1b	13.5x	14.3x	1.2x
Sat, 22 Jun 2024	€145.4b	€120.7b	€10.5b	14x	13.8x	1.2x
Mon, 20 May 2024	€151.0b	€120.4b	€10.5b	13.7x	14.3x	1.3x
Wed, 17 Apr 2024	€137.4b	€125.9b	€9.6b	13.8x	14.3x	1.1x
Fri, 15 Mar 2024	€132.7b	€125.9b	€9.6b	13.5x	13.8x	1.1x
Sun, 11 Feb 2024	€136.3b	€135.1b	€11.5b	13x	11.9x	1x
Tue, 09 Jan 2024	€153.7b	€135.1b	€11.5b	14x	13.4x	1.1x
Thu, 07 Dec 2023	€154.7b	€135.2b	€11.5b	14x	13.5x	1.1x
Sat, 04 Nov 2023	€144.7b	€138.0b	€11.5b	13.4x	12.6x	1x
Mon, 02 Oct 2023	€142.5b	€141.6b	€12.1b	13.3x	11.8x	1x
Wed, 30 Aug 2023	€149.9b	€141.5b	€12.1b	12.9x	12.4x	1.1x
Fri, 28 Jul 2023	€154.1b	€141.6b	€11.9b	14.5x	13x	1.1x
Sun, 25 Jun 2023	€157.3b	€147.9b	€11.5b	15.5x	13.6x	1.1x
Tue, 23 May 2023	€157.8b	€147.9b	€11.5b	15.5x	13.7x	1.1x
Thu, 20 Apr 2023	€161.0b	€144.6b	€10.9b	16.8x	14.8x	1.1x
Sat, 18 Mar 2023	€153.3b	€144.4b	€10.9b	15.3x	14.1x	1.1x
Mon, 13 Feb 2023	€131.6b	€104.6b	€8.2b	21x	16x	1.3x
Wed, 11 Jan 2023	€131.3b	€104.6b	€8.2b	19.8x	16x	1.3x
Fri, 09 Dec 2022	€132.8b	€104.6b	€8.2b	20x	16.2x	1.3x
Sun, 06 Nov 2022	€144.9b	€125.1b	€9.4b	21.3x	15.3x	1.2x
Tue, 04 Oct 2022	€140.8b	€121.3b	€9.1b	19.3x	15.4x	1.2x
Thu, 01 Sep 2022	€153.3b	€121.0b	€9.1b	22.7x	16.9x	1.3x
Sat, 30 Jul 2022	€158.4b	€110.2b	€8.1b	33x	19.6x	1.4x
Mon, 27 Jun 2022	€151.4b	€107.2b	€8.0b	29.2x	18.9x	1.4x
Wed, 25 May 2022	€163.7b	€106.8b	€8.0b	30.9x	20.4x	1.5x
Fri, 22 Apr 2022	€157.8b	€98.4b	€8.1b	31.5x	19.4x	1.6x

Current Industry PE

Investors are optimistic on the Spanish Utilities industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 16.5x which is higher than its 3-year average PE of 14.9x.

The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.

Past Earnings Growth

The earnings for companies in the Utilities industry have grown 8.6% per year over the last three years.
Revenues for these companies have grown 5.6% 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 Utilities sector?


ES Market	6.54%
Utilities	4.76%
Renewable Energy	5.23%
Electric Utilities	5.04%
Gas Utilities	3.22%
Other Utilities	0%	0

Industry PE

Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 14.4x.

Analysts are expecting annual earnings growth of 2.2%, which is higher than its past year's earnings decline of 3.2% per year.

Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 21.8x.

Forecasted Growth

Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 4.0% over the next 5 years.
This is better than its past earnings decline of 2.4% per year.

In contrast, the Gas Utilities industry is expected to see its earnings grow by 2.2% 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
IBE Iberdrola	€15.00	4.6% +€4.1b	33.2%	PE17.3x
ELE Endesa	€24.55	6.7% +€1.6b	43.7%	PE13.8x
NTGY Naturgy Energy Group	€24.56	3.3% +€749.4m	18.0%	PE12.3x
RED Redeia Corporación	€18.67	4.3% +€415.8m	19.0%	PE19.9x
ANA Acciona	€112.80	5.8% +€337.4m	4.8%	PE14.5x