With EPS Growth And More, Banco Santander (BME:SAN) Makes An Interesting Case
Dec 25
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Spanish (IBEX) Market Analysis & Valuation
UpdatedDec 25, 2024
DataAggregated Company Financials
Companies252
- 7D-0.9%
- 3M-3.6%
- 1Y11.1%
- YTD9.7%
Over the last 7 days, the market has dropped 2.5%, driven by pullbacks in every sector, especially the Financials sector. In the last year, the market is actually up 11%. Looking forward, earnings are forecast to grow by 8.9% annually.
Market Valuation and Performance
Has the Spanish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Dec 2024 | €771.8b | €573.2b | €57.2b | 19.1x | 13.5x | 1.3x |
| Fri, 22 Nov 2024 | €784.3b | €577.1b | €58.4b | 19.1x | 13.4x | 1.4x |
| Sun, 20 Oct 2024 | €809.2b | €571.9b | €56.0b | 19x | 14.5x | 1.4x |
| Tue, 17 Sep 2024 | €786.6b | €571.7b | €56.0b | 19.4x | 14x | 1.4x |
| Thu, 15 Aug 2024 | €737.1b | €570.8b | €56.0b | 19.2x | 13.2x | 1.3x |
| Sat, 13 Jul 2024 | €768.3b | €564.8b | €53.6b | 17.7x | 14.3x | 1.4x |
| Mon, 10 Jun 2024 | €777.2b | €564.5b | €53.5b | 17.6x | 14.5x | 1.4x |
| Wed, 08 May 2024 | €754.0b | €564.3b | €53.2b | 16.2x | 14.2x | 1.3x |
| Fri, 05 Apr 2024 | €736.8b | €559.9b | €50.6b | 16.2x | 14.6x | 1.3x |
| Sun, 03 Mar 2024 | €677.8b | €563.5b | €50.3b | 15.2x | 13.5x | 1.2x |
| Tue, 30 Jan 2024 | €674.6b | €557.6b | €53.9b | 14.9x | 12.5x | 1.2x |
| Thu, 28 Dec 2023 | €690.9b | €557.5b | €54.0b | 15.4x | 12.8x | 1.2x |
| Sat, 25 Nov 2023 | €677.5b | €560.2b | €53.5b | 15.5x | 12.7x | 1.2x |
| Mon, 23 Oct 2023 | €623.4b | €570.4b | €51.4b | 14.5x | 12.1x | 1.1x |
| Wed, 20 Sep 2023 | €655.9b | €569.4b | €51.2b | 15x | 12.8x | 1.2x |
| Fri, 18 Aug 2023 | €635.7b | €569.3b | €51.2b | 15.4x | 12.4x | 1.1x |
| Sun, 16 Jul 2023 | €652.9b | €577.6b | €50.9b | 17.1x | 12.8x | 1.1x |
| Tue, 13 Jun 2023 | €646.9b | €577.1b | €51.0b | 17.5x | 12.7x | 1.1x |
| Thu, 11 May 2023 | €634.8b | €567.2b | €50.9b | 18x | 12.5x | 1.1x |
| Sat, 08 Apr 2023 | €644.3b | €561.2b | €49.8b | 17.5x | 12.9x | 1.1x |
| Mon, 06 Mar 2023 | €650.9b | €563.5b | €49.5b | 17.8x | 13.2x | 1.2x |
| Wed, 01 Feb 2023 | €618.8b | €522.8b | €42.6b | 17.8x | 14.5x | 1.2x |
| Fri, 30 Dec 2022 | €574.1b | €522.7b | €42.4b | 16.4x | 13.5x | 1.1x |
| Sun, 27 Nov 2022 | €581.7b | €521.3b | €43.8b | 17.3x | 13.3x | 1.1x |
| Tue, 25 Oct 2022 | €539.0b | €517.0b | €43.2b | 16.1x | 12.5x | 1x |
| Thu, 22 Sep 2022 | €566.4b | €515.2b | €43.2b | 15.1x | 13.1x | 1.1x |
| Sat, 20 Aug 2022 | €600.0b | €514.0b | €42.9b | 16.4x | 14x | 1.2x |
| Mon, 18 Jul 2022 | €581.2b | €488.7b | €43.9b | 15.9x | 13.3x | 1.2x |
| Wed, 15 Jun 2022 | €586.2b | €488.5b | €43.8b | 16.8x | 13.4x | 1.2x |
| Fri, 13 May 2022 | €599.6b | €473.9b | €43.3b | 18.2x | 13.8x | 1.3x |
| Sun, 10 Apr 2022 | €618.4b | €463.5b | €44.8b | 18.8x | 13.8x | 1.3x |
| Tue, 08 Mar 2022 | €555.3b | €461.2b | €44.5b | 18.3x | 12.5x | 1.2x |
| Thu, 03 Feb 2022 | €631.1b | €439.1b | €41.2b | 19.9x | 15.3x | 1.4x |
| Sat, 01 Jan 2022 | €637.7b | €441.5b | €41.2b | 20.1x | 15.5x | 1.4x |
Price to Earnings Ratio
15.5x
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 13.4x.
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 9.1% 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 | -0.86% | |
| Energy | 1.76% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Industrials | -0.048% | |
| Tech | -0.17% | |
| Utilities | -0.19% | |
| Real Estate | -0.31% | |
| Materials | -0.70% | |
| Consumer Discretionary | -0.85% | |
| Consumer Staples | -1.21% | |
| Financials | -1.64% | |
| Healthcare | -1.90% | |
| Telecom | -2.20% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 37.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 35.2%, which is higher than its past year's earnings growth of 8.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 60% over the next 5 years.
- This is better than its past earnings growth rate of 38% per year.
- In contrast, the Financials 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 | |
|---|---|---|---|---|---|---|
| CABK CaixaBank | €5.14 | 1.1% +€390.0m | 38.2% | PB1x | Financials | |
| AMS Amadeus IT Group | €68.24 | 0.9% +€278.8m | 5.0% | PE23.4x | Consumer Discretionary | |
| REP Repsol | €11.20 | 1.5% +€200.2m | -17.9% | PE6.2x | Energy | |
| NTGY Naturgy Energy Group | €23.24 | 0.7% +€153.7m | -14.2% | PE11.1x | Utilities | |
| GRE Grenergy Renovables | €33.40 | 17.8% +€144.9m | 1.8% | PS2.9x | Utilities |
