Endesa (BME:ELE) Has Announced That Its Dividend Will Be Reduced To €0.41
Endesa, S.A. ( BME:ELE ) is reducing its dividend to €0.41 on the 3rd of January. The yield is still above the industry...
Has the Spanish Electric Utilities Industry valuation changed over the past few years?
|Thu, 02 Dec 2021||€102.3b||€64.7b||€5.8b||17.2x|
|Sat, 30 Oct 2021||€103.2b||€63.9b||€5.5b||19.2x|
|Mon, 27 Sep 2021||€93.9b||€62.4b||€5.5b||17.5x|
|Wed, 25 Aug 2021||€103.9b||€62.4b||€5.5b||19.8x|
|Thu, 01 Jul 2021||€102.4b||€62.4b||€5.5b||19.7x|
|Sun, 04 Apr 2021||€109.6b||€60.0b||€5.4b||21x|
|Wed, 06 Jan 2021||€110.9b||€59.3b||€6.0b||17x|
|Sat, 10 Oct 2020||€102.4b||€61.1b||€6.0b||16.9x|
|Fri, 03 Jul 2020||€103.4b||€62.5b||€5.1b||19.9x|
|Mon, 06 Apr 2020||€92.6b||€64.8b||€5.5b||15.1x|
|Thu, 09 Jan 2020||€98.6b||€65.9b||€4.7b||15.7x|
|Wed, 02 Oct 2019||€101.6b||€64.4b||€5.0b||16.9x|
|Sat, 06 Jul 2019||€94.1b||€65.3b||€5.7b||16.5x|
|Tue, 09 Apr 2019||€89.5b||€65.5b||€5.6b||15.8x|
|Mon, 31 Dec 2018||€80.2b||€64.7b||€5.5b||14.7x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 17.5x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Electric Utilities industry have grown 3.6% 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.
Which industries have driven the changes within the Spanish Electric Utilities industry?
Industry PE: Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 17.5x. This is likely because analysts are expecting annual earnings growth of 6.1%, which is higher than its past year's earnings decline of 6.5% per year.
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 better than its past earnings decline of 6.5% per year.
Red Eléctrica Corporación