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Apr 26
Spanish (IBEX) Utilities Sector Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies15
- 7D0.05%
- 3M-2.5%
- 1Y-13.0%
- YTD-8.6%
The Utilities industry is up 2.0% in the last week, with Iberdrola up 2.1%. In contrast, the industry has lost 12% in the last 12 months. Looking forward, earnings are forecast to grow by 2.6% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | €139.6b | €123.0b | €10.9b | 12.2x | 12.8x | 1.1x |
| Sun, 24 Mar 2024 | €136.3b | €125.9b | €9.6b | 13.3x | 14.1x | 1.1x |
| Tue, 20 Feb 2024 | €135.7b | €135.1b | €11.5b | 12.9x | 11.8x | 1x |
| Thu, 18 Jan 2024 | €147.9b | €135.1b | €11.5b | 13.9x | 12.9x | 1.1x |
| Sat, 16 Dec 2023 | €155.3b | €135.1b | €11.5b | 14.2x | 13.5x | 1.2x |
| Mon, 13 Nov 2023 | €143.9b | €137.7b | €11.3b | 14.5x | 12.8x | 1x |
| Wed, 11 Oct 2023 | €142.0b | €141.6b | €12.1b | 13.2x | 11.7x | 1x |
| Fri, 08 Sep 2023 | €145.6b | €141.5b | €12.1b | 12.9x | 12x | 1x |
| Sun, 06 Aug 2023 | €146.2b | €141.5b | €12.1b | 12.9x | 12.1x | 1x |
| Tue, 04 Jul 2023 | €159.6b | €147.9b | €11.5b | 16.1x | 13.8x | 1.1x |
| Thu, 01 Jun 2023 | €154.8b | €147.9b | €11.5b | 15.3x | 13.4x | 1x |
| Sat, 29 Apr 2023 | €161.1b | €144.6b | €10.9b | 16.9x | 14.8x | 1.1x |
| Mon, 27 Mar 2023 | €154.9b | €144.4b | €10.9b | 15.5x | 14.2x | 1.1x |
| Wed, 22 Feb 2023 | €133.8b | €104.6b | €8.2b | 20.9x | 16.3x | 1.3x |
| Fri, 20 Jan 2023 | €133.5b | €104.6b | €8.2b | 21.3x | 16.2x | 1.3x |
| Sun, 18 Dec 2022 | €130.4b | €104.6b | €8.2b | 20.2x | 15.9x | 1.2x |
| Tue, 15 Nov 2022 | €151.2b | €130.9b | €9.7b | 20.9x | 15.5x | 1.2x |
| Thu, 13 Oct 2022 | €130.9b | €121.8b | €9.1b | 20.2x | 14.3x | 1.1x |
| Sat, 10 Sep 2022 | €156.0b | €121.0b | €9.1b | 23.1x | 17.2x | 1.3x |
| Mon, 08 Aug 2022 | €155.0b | €116.8b | €9.0b | 23.3x | 17.3x | 1.3x |
| Wed, 06 Jul 2022 | €151.8b | €107.2b | €8.0b | 28.7x | 18.9x | 1.4x |
| Fri, 03 Jun 2022 | €160.4b | €106.8b | €8.0b | 30.6x | 20x | 1.5x |
| Sun, 01 May 2022 | €161.3b | €98.5b | €8.1b | 30.9x | 19.8x | 1.6x |
| Tue, 29 Mar 2022 | €147.9b | €98.4b | €8.1b | 28.1x | 18.2x | 1.5x |
| Thu, 24 Feb 2022 | €133.0b | €91.8b | €7.6b | 22x | 17.4x | 1.4x |
| Sat, 22 Jan 2022 | €148.0b | €88.3b | €6.3b | 29.4x | 23.4x | 1.7x |
| Mon, 20 Dec 2021 | €145.5b | €88.3b | €6.3b | 29.3x | 23x | 1.6x |
| Wed, 17 Nov 2021 | €144.3b | €88.2b | €6.3b | 34.1x | 22.8x | 1.6x |
| Fri, 15 Oct 2021 | €139.5b | €84.1b | €5.9b | 34.7x | 23.5x | 1.7x |
| Sun, 12 Sep 2021 | €141.0b | €83.7b | €5.9b | 30.9x | 23.8x | 1.7x |
| Tue, 10 Aug 2021 | €142.1b | €83.7b | €5.9b | 31.8x | 24x | 1.7x |
| Mon, 03 May 2021 | €140.3b | €77.8b | €5.6b | 27.5x | 24.9x | 1.8x |
Price to Earnings Ratio
24.9x
Current Industry PE
- Investors are pessimistic on the Spanish Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.7x which is lower than its 3-year average PE of 17.4x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 17% 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 | 1.75% | |
| Utilities | 0.052% | |
| Gas Utilities | 2.04% | |
| Electric Utilities | 0.11% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
| Renewable Energy | -5.73% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 15.6x.
- Analysts expect its future annual earnings growth (6.1%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 62.2x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 6.1% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Gas Utilities industry is expected to see its earnings decline by 10% 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 | €11.46 | 1.5% +€1.0b | -3.1% | PE12.2x | |
| NTGY Naturgy Energy Group | €23.38 | 2.1% +€461.2m | -16.9% | PE11.3x | |
| ENG Enagás | €13.72 | 1.7% +€60.1m | -22.7% | PE10.1x | |
| ADX Audax Renovables | €1.78 | 0.2% +€1.8m | 61.9% | PE27x |
