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Spanish (IBEX) Renewable Energy Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies7
- 7D2.3%
- 3M-8.3%
- 1Y-22.1%
- YTD-27.5%
In the last week, the Renewable Energy industry is up 2.3%, with Corporación Acciona Energías Renovables up 6.7%. Meanwhile, Solaria Energía y Medio Ambiente actually underperformed within the industry, shrinking 11% in the last week. In the past year, the industry is down 22%. Looking forward, earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Spanish Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | €9.5b | €6.3b | €325.8m | 16.8x | 29.2x | 1.5x |
| Sat, 19 Oct 2024 | €10.4b | €6.4b | €352.4m | 20.9x | 29.6x | 1.6x |
| Mon, 16 Sep 2024 | €10.9b | €6.5b | €352.1m | 19.5x | 30.9x | 1.7x |
| Wed, 14 Aug 2024 | €10.3b | €6.5b | €352.1m | 19.4x | 29.4x | 1.6x |
| Fri, 12 Jul 2024 | €10.1b | €6.8b | €692.1m | 19.5x | 14.7x | 1.5x |
| Sun, 09 Jun 2024 | €10.6b | €6.8b | €692.1m | 17.7x | 15.4x | 1.6x |
| Tue, 07 May 2024 | €9.9b | €7.0b | €678.3m | 16.1x | 14.6x | 1.4x |
| Thu, 04 Apr 2024 | €10.6b | €7.2b | €727.4m | 17x | 14.5x | 1.5x |
| Sat, 02 Mar 2024 | €10.5b | €7.5b | €993.6m | 15.7x | 10.6x | 1.4x |
| Mon, 29 Jan 2024 | €12.4b | €7.6b | €1.0b | 16.1x | 12.3x | 1.6x |
| Wed, 27 Dec 2023 | €14.3b | €7.6b | €1.0b | 18.1x | 14.1x | 1.9x |
| Fri, 24 Nov 2023 | €13.3b | €7.7b | €931.6m | 20.5x | 14.3x | 1.7x |
| Sun, 22 Oct 2023 | €12.4b | €7.7b | €934.3m | 18.9x | 13.3x | 1.6x |
| Tue, 19 Sep 2023 | €13.0b | €7.6b | €950.2m | 16.6x | 13.7x | 1.7x |
| Thu, 17 Aug 2023 | €13.0b | €7.6b | €950.2m | 16.5x | 13.7x | 1.7x |
| Sat, 15 Jul 2023 | €14.0b | €8.1b | €934.2m | 17.2x | 15x | 1.7x |
| Mon, 12 Jun 2023 | €14.7b | €8.1b | €934.4m | 15.8x | 15.7x | 1.8x |
| Wed, 10 May 2023 | €15.2b | €8.1b | €931.5m | 19.2x | 16.3x | 1.9x |
| Fri, 07 Apr 2023 | €16.4b | €7.9b | €942.4m | 19.3x | 17.4x | 2.1x |
| Sun, 05 Mar 2023 | €16.4b | €7.9b | €942.4m | 20.6x | 17.4x | 2.1x |
| Tue, 31 Jan 2023 | €16.6b | €6.7b | €722.5m | 28.9x | 23x | 2.5x |
| Thu, 29 Dec 2022 | €15.6b | €6.7b | €722.5m | 26.5x | 21.6x | 2.3x |
| Sat, 26 Nov 2022 | €16.6b | €6.7b | €718.6m | 26.8x | 23.1x | 2.5x |
| Mon, 24 Oct 2022 | €15.5b | €6.7b | €706.5m | 26.6x | 22x | 2.3x |
| Wed, 21 Sep 2022 | €17.9b | €6.4b | €684.0m | 51x | 26.2x | 2.8x |
| Fri, 19 Aug 2022 | €19.1b | €6.4b | €676.3m | 56.6x | 28.2x | 3x |
| Sun, 17 Jul 2022 | €17.4b | €5.2b | €439.3m | 53.6x | 39.6x | 3.3x |
| Tue, 14 Jun 2022 | €16.4b | €5.2b | €439.3m | 55x | 37.3x | 3.1x |
| Thu, 12 May 2022 | €15.8b | €4.8b | €436.3m | 54.5x | 36.3x | 3.3x |
| Sat, 09 Apr 2022 | €16.5b | €4.8b | €436.3m | 58.9x | 37.8x | 3.5x |
| Mon, 07 Mar 2022 | €13.7b | €4.9b | €442.0m | 42.4x | 31x | 2.8x |
| Wed, 02 Feb 2022 | €13.4b | €4.0b | €352.5m | 50.2x | 38.1x | 3.4x |
| Fri, 31 Dec 2021 | €15.3b | €4.0b | €352.5m | 57.5x | 43.5x | 3.8x |
| Sun, 28 Nov 2021 | €14.6b | €4.0b | €352.5m | 57.3x | 41.4x | 3.6x |
Price to Earnings Ratio
41.4x
Current Industry PE
- Investors are optimistic on the Spanish Renewable Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 29.2x which is higher than its 3-year average PE of 23.4x.
- The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have declined 2.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 16% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Spanish Utilities industry?
| ES Market | 1.51% | |
| Utilities | 2.23% | |
| Renewable Energy | 2.33% | |
| Renewable Energy | 2.33% | |
| Independent Power Producers and Energy Traders | 0% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 23.2x.
- Analysts are expecting annual earnings growth of 16.5%, which is lower than the prior year's growth of 29.7% per year.
- Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 23.2x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 30% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| ANE Corporación Acciona Energías Renovables | €19.61 | 6.7% +€399.0m | -24.3% | PE34.6x |