Returns On Capital Are Showing Encouraging Signs At Iberdrola (BME:IBE)
Sep 11
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Spanish (IBEX) Market Analysis & Valuation
UpdatedSep 25, 2024
DataAggregated Company Financials
Companies245
- 7D1.3%
- 3M6.4%
- 1Y24.2%
- YTD14.3%
The market has climbed 1.3% in the last 7 days, lead by the Consumer Discretionary sector with a gain of 3.6%. As for the past 12 months, the market is up 24%. As for the next few years, earnings are expected to grow by 9.8% per annum.
Market Valuation and Performance
Has the Spanish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Sep 2024 | €800.1b | €571.7b | €56.0b | 19.7x | 14.3x | 1.4x |
| Sat, 24 Aug 2024 | €772.3b | €570.8b | €56.0b | 19.3x | 13.8x | 1.4x |
| Mon, 22 Jul 2024 | €756.7b | €564.9b | €53.8b | 18.2x | 14.1x | 1.3x |
| Wed, 19 Jun 2024 | €758.4b | €564.7b | €53.5b | 17.7x | 14.2x | 1.3x |
| Fri, 17 May 2024 | €767.6b | €563.6b | €53.5b | 16.5x | 14.4x | 1.4x |
| Sun, 14 Apr 2024 | €713.3b | €559.8b | €50.5b | 15.9x | 14.1x | 1.3x |
| Tue, 12 Mar 2024 | €689.2b | €560.2b | €50.6b | 15.6x | 13.6x | 1.2x |
| Thu, 08 Feb 2024 | €669.3b | €558.3b | €56.1b | 15.3x | 11.9x | 1.2x |
| Sat, 06 Jan 2024 | €691.2b | €557.4b | €53.9b | 15.4x | 12.8x | 1.2x |
| Mon, 04 Dec 2023 | €690.3b | €557.7b | €53.7b | 15.4x | 12.9x | 1.2x |
| Wed, 01 Nov 2023 | €619.7b | €563.1b | €53.6b | 14.5x | 11.6x | 1.1x |
| Fri, 29 Sep 2023 | €647.8b | €569.3b | €51.1b | 14.8x | 12.7x | 1.1x |
| Sun, 27 Aug 2023 | €644.4b | €569.3b | €51.2b | 15.2x | 12.6x | 1.1x |
| Tue, 25 Jul 2023 | €658.8b | €578.0b | €51.0b | 16.8x | 12.9x | 1.1x |
| Thu, 22 Jun 2023 | €621.2b | €535.5b | €41.9b | 17.4x | 14.8x | 1.2x |
| Sat, 20 May 2023 | €637.9b | €575.7b | €50.8b | 18.3x | 12.6x | 1.1x |
| Mon, 17 Apr 2023 | €646.2b | €561.2b | €49.8b | 17.5x | 13x | 1.2x |
| Wed, 15 Mar 2023 | €634.9b | €564.0b | €49.5b | 17.2x | 12.8x | 1.1x |
| Fri, 10 Feb 2023 | €632.0b | €523.8b | €44.5b | 17.5x | 14.2x | 1.2x |
| Sun, 08 Jan 2023 | €596.6b | €522.8b | €42.5b | 16.9x | 14x | 1.1x |
| Tue, 06 Dec 2022 | €577.2b | €521.8b | €42.4b | 17.4x | 13.6x | 1.1x |
| Thu, 03 Nov 2022 | €570.5b | €524.5b | €44.4b | 15.3x | 12.8x | 1.1x |
| Sat, 01 Oct 2022 | €531.4b | €515.7b | €43.2b | 14.9x | 12.3x | 1x |
| Mon, 29 Aug 2022 | €581.8b | €514.0b | €42.9b | 17.3x | 13.6x | 1.1x |
| Wed, 27 Jul 2022 | €589.8b | €489.4b | €43.9b | 16.9x | 13.4x | 1.2x |
| Fri, 24 Jun 2022 | €586.9b | €488.5b | €43.9b | 16.3x | 13.4x | 1.2x |
| Sun, 22 May 2022 | €608.1b | €482.9b | €43.1b | 17.8x | 14.1x | 1.3x |
| Tue, 19 Apr 2022 | €622.8b | €463.7b | €44.8b | 18.7x | 13.9x | 1.3x |
| Thu, 17 Mar 2022 | €601.9b | €461.5b | €44.5b | 18.8x | 13.5x | 1.3x |
| Sat, 12 Feb 2022 | €630.7b | €445.1b | €45.1b | 19.9x | 14x | 1.4x |
| Mon, 10 Jan 2022 | €635.9b | €441.6b | €41.3b | 22.3x | 15.4x | 1.4x |
| Wed, 08 Dec 2021 | €616.6b | €440.1b | €40.9b | 20x | 15.1x | 1.4x |
| Fri, 05 Nov 2021 | €655.7b | €435.4b | €37.5b | 19.9x | 17.5x | 1.5x |
| Sun, 03 Oct 2021 | €640.0b | €424.7b | €35.3b | 23.3x | 18.1x | 1.5x |
Price to Earnings Ratio
18.1x
Current Market PE
- Investors are relatively neutral on the Spanish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 13.7x.
Past Earnings Growth
- The earnings for Spanish listed companies have grown 17% per year over the last three years.
- Revenues for these companies have grown 10% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Spanish Market?
| ES Market | 1.25% | |
| Materials | 3.68% | |
| Consumer Discretionary | 3.57% | |
| Financials | 1.72% | |
| Industrials | 1.05% | |
| Energy | 0.77% | |
| Tech | 0.76% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Real Estate | -0.22% | |
| Telecom | -0.24% | |
| Utilities | -0.72% | |
| Consumer Staples | -1.32% | |
| Healthcare | -3.51% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 35.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 30.2%, which is higher than its past year's earnings growth of 8.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 59% over the next 5 years.
- This is better than its past earnings growth rate of 38% per year.
- In contrast, the Energy industry is expected to see its earnings growth to stay flat 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 | Sector | |
|---|---|---|---|---|---|---|
| ITX Industria de Diseño Textil | €52.38 | 2.8% +€4.5b | 49.7% | PE28.9x | Consumer Discretionary | |
| BBVA Banco Bilbao Vizcaya Argentaria | €9.66 | 2.1% +€1.2b | 29.8% | PB1x | Financials | |
| CABK CaixaBank | €5.48 | 1.6% +€624.4m | 47.3% | PB1.1x | Financials | |
| NTGY Naturgy Energy Group | €23.08 | 2.9% +€614.9m | -10.4% | PE11.1x | Utilities | |
| IBE Iberdrola | €13.64 | 0.5% +€432.5m | 28.3% | PE13.5x | Utilities |
