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Spanish (IBEX) Market Analysis & Valuation

UpdatedFeb 06, 2023
DataAggregated Company Financials
Companies236
  • 7D1.7%
  • 3M14.1%
  • 1Y6.5%
  • YTD9.2%

Over the last 7 days, the market has risen 1.7%, driven by gains of 4.2% in the Financials sector. In contrast, the Energy sector is lagging, dropping 5.4%. The market is up 6.5% over the last 12 months. As for the next few years, earnings are expected to grow by 10% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Feb 2023€630.1b€523.5b€44.7b17.5x14.1x1.2x
Wed, 04 Jan 2023€578.2b€522.7b€42.4b16.4x13.6x1.1x
Fri, 02 Dec 2022€581.0b€521.6b€42.4b17.1x13.7x1.1x
Sun, 30 Oct 2022€568.7b€524.5b€44.4b16x12.8x1.1x
Tue, 27 Sep 2022€541.3b€515.5b€43.2b14.7x12.5x1x
Thu, 25 Aug 2022€591.4b€514.0b€42.9b17.4x13.8x1.2x
Sat, 23 Jul 2022€584.8b€488.7b€43.9b16.1x13.3x1.2x
Mon, 20 Jun 2022€589.1b€488.5b€43.8b17x13.4x1.2x
Wed, 18 May 2022€605.2b€479.6b€43.1b18.1x14x1.3x
Fri, 15 Apr 2022€622.8b€463.7b€44.8b18.7x13.9x1.3x
Sun, 13 Mar 2022€589.4b€461.5b€44.5b18.4x13.2x1.3x
Tue, 08 Feb 2022€618.0b€441.3b€44.1b19.5x14x1.4x
Thu, 06 Jan 2022€641.6b€441.5b€41.2b20.2x15.6x1.5x
Sat, 04 Dec 2021€603.9b€439.8b€40.8b20x14.8x1.4x
Mon, 01 Nov 2021€656.5b€433.8b€37.2b20.3x17.6x1.5x
Wed, 29 Sep 2021€647.7b€424.4b€35.4b23.2x18.3x1.5x
Fri, 27 Aug 2021€645.1b€421.7b€34.5b23.6x18.7x1.5x
Sat, 03 Jul 2021€633.1b€419.3b€34.2b20.9x18.5x1.5x
Tue, 06 Apr 2021€608.4b€398.6b€8.6b24.7x70.9x1.5x
Fri, 08 Jan 2021€568.0b€398.7b€1.3b26.2x436.9x1.4x
Thu, 01 Oct 2020€482.1b€411.1b€2.7b20.1x181.5x1.2x
Sun, 05 Jul 2020€501.9b€427.9b€3.7b19x136.3x1.2x
Wed, 08 Apr 2020€471.9b€460.6b€26.1b15.2x18.1x1x
Price to Earnings Ratio

19.2x


Total Market Cap: €593.2bTotal Earnings: €31.0bTotal Revenue: €470.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Market Price to Earnings3Y Average 97.3x202120222023
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 14.4x which is lower than its 3-year average PE of 97.3x.
Past Earnings Growth
  • The earnings for Spanish listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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 Market1.67%
Tech4.93%
Healthcare4.88%
Financials4.22%
Consumer Discretionary2.62%
Real Estate1.02%
Materials0.87%
Industrials0.76%
Consumer Staples0.53%
Telecom0.19%
Utilities-0.63%
Energy-5.45%
Sector PE
  • Investors are most optimistic about the Industrials sector even though it's trading below its 3-year average PE ratio of 103x.
    • Analysts are expecting annual earnings growth of 27.9%, which is lower than the prior year's growth of 35.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 24% 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€3.5010.3%
+€5.3b
7.5%PB0.6xFinancials
BBVA Banco Bilbao Vizcaya Argentaria€6.917.4%
+€2.8b
21.5%PB0.9xFinancials
ITX Industria de Diseño Textil€29.142.6%
+€2.3b
16.4%PE23.6xConsumer Discretionary
AMS Amadeus IT Group€61.745.5%
+€1.5b
0.9%PE55.6xTech
GRF Grifols€13.658.9%
+€760.4m
-9.9%PE155.3xHealthcare
See more
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SAN

€3.50

Banco Santander

7D

10.3%

1Y

7.5%

CABK

€3.87

CaixaBank

7D

-4.1%

1Y

20.5%

CIE

€28.88

CIE Automotive

7D

5.4%

1Y

14.0%

BBVA

€6.91

Banco Bilbao Vizcaya Argentaria

7D

7.4%

1Y

21.5%

NTGY

€25.95

Naturgy Energy Group

7D

-0.5%

1Y

-6.6%

SAB

€1.14

Banco de Sabadell

7D

-2.4%

1Y

35.9%

AMS

€61.74

Amadeus IT Group

7D

5.5%

1Y

0.9%

IBE

€10.74

Iberdrola

7D

-0.6%

1Y

10.7%

GRF

€13.65

Grifols

7D

8.9%

1Y

-9.9%

UNI

€1.13

Unicaja Banco

7D

-9.9%

1Y

11.1%

ANE

€36.62

Corporación Acciona Energías Renovables

7D

-1.7%

1Y

30.2%