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Spanish (IBEX) Market Analysis & Valuation

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies231
  • 7D3.3%
  • 3M3.8%
  • 1Y-1.4%
  • YTD-5.1%

Over the last 7 days, the market has risen 3.3%, driven by gains in every sector, especially the Financials sector. In the last 12 months, the market has been flat. Looking forward, earnings are forecast to grow by 10% annually.

Market Valuation and Performance

Has the Spanish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022€581.7b€521.4b€42.6b17.3x13.7x1.1x
Thu, 27 Oct 2022€561.9b€517.0b€43.2b16.1x13x1.1x
Sat, 24 Sep 2022€546.6b€514.9b€43.2b14.7x12.7x1.1x
Mon, 22 Aug 2022€600.0b€514.0b€42.9b16.8x14x1.2x
Wed, 20 Jul 2022€581.2b€488.7b€43.9b15.9x13.3x1.2x
Fri, 17 Jun 2022€587.8b€488.5b€43.8b16.5x13.4x1.2x
Sun, 15 May 2022€598.9b€476.9b€43.2b17.8x13.9x1.3x
Tue, 12 Apr 2022€616.3b€463.5b€44.8b18.5x13.8x1.3x
Thu, 10 Mar 2022€590.9b€461.2b€44.5b18.5x13.3x1.3x
Sat, 05 Feb 2022€621.1b€441.3b€44.1b19.8x14.1x1.4x
Mon, 03 Jan 2022€637.7b€441.5b€41.2b20.1x15.5x1.4x
Wed, 01 Dec 2021€608.9b€437.4b€40.5b20x15x1.4x
Fri, 29 Oct 2021€655.3b€426.3b€35.4b23x18.5x1.5x
Sun, 26 Sep 2021€645.8b€424.4b€35.4b23.2x18.2x1.5x
Tue, 24 Aug 2021€648.7b€421.7b€34.5b23.4x18.8x1.5x
Wed, 30 Jun 2021€633.1b€419.3b€34.2b20.9x18.5x1.5x
Sat, 03 Apr 2021€608.4b€398.6b€8.6b24.7x70.9x1.5x
Tue, 05 Jan 2021€568.0b€398.7b€1.3b26.2x436.9x1.4x
Fri, 09 Oct 2020€482.1b€411.1b€2.7b20.1x181.5x1.2x
Thu, 02 Jul 2020€501.9b€427.9b€3.7b19x136.3x1.2x
Sun, 05 Apr 2020€471.9b€460.6b€26.1b15.2x18.1x1x
Wed, 08 Jan 2020€641.6b€470.1b€31.1b17x20.7x1.4x
Price to Earnings Ratio

16.9x


Total Market Cap: €628.4bTotal Earnings: €37.2bTotal Revenue: €469.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Market Price to Earnings3Y Average 96.1x202020212022
Current Market PE
  • Investors are pessimistic on the Spanish market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.7x which is lower than its 3-year average PE of 96.2x.
Past Earnings Growth
  • The earnings for Spanish listed companies have grown 4.6% per year over the last three years.
  • Revenues for these companies have grown 3.5% 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 Market3.27%
Energy6.30%
Financials5.52%
Tech4.20%
Consumer Discretionary3.19%
Healthcare2.69%
Industrials2.50%
Utilities2.03%
Telecom1.87%
Consumer Staples1.75%
Materials1.26%
Real Estate0.86%
Sector PE
  • Investors are most optimistic about the Industrials sector even though it's trading below its 3-year average PE ratio of 97.6x.
    • This optimism is likely because analysts are expecting annual earnings growth of 28.0%, which is higher than its past year's earnings growth of 25.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 0.6% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
SAN Banco Santander€2.804.2%
+€1.9b
0.7%PB0.5xFinancials
REP Repsol€14.397.3%
+€1.4b
45.2%PE5.7xEnergy
CABK CaixaBank€3.544.6%
+€1.2b
54.6%PB0.8xFinancials
ITX Industria de Diseño Textil€24.761.4%
+€1.0b
-16.5%PE20.5xConsumer Discretionary
IBE Iberdrola€10.761.2%
+€783.6m
8.5%PE15.1xUtilities
See more
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BBVA

€5.54

Banco Bilbao Vizcaya Argentaria

7D

1.6%

1Y

15.4%

ROVI

€37.10

Laboratorios Farmaceuticos Rovi

7D

-7.2%

1Y

-42.5%

ELE

€17.72

Endesa

7D

-5.6%

1Y

-12.1%

MAP

€1.79

Mapfre

7D

-2.8%

1Y

-2.2%

NTGY

€26.64

Naturgy Energy Group

7D

-0.9%

1Y

8.2%

CLNX

€33.29

Cellnex Telecom

7D

-0.4%

1Y

-37.5%

CABK

€3.54

CaixaBank

7D

4.6%

1Y

54.6%

SAN

€2.80

Banco Santander

7D

4.2%

1Y

0.7%