BME:TEF
BME:TEFTelecom

Telefónica (BME:TEF): Assessing Valuation After Recent Share Price Movement

Telefónica (BME:TEF) shares have experienced some movement recently, drawing attention to the telecom giant’s valuation as sector dynamics continue to change. Investors are now evaluating possible implications for Telefónica’s long-term prospects. See our latest analysis for Telefónica. After a solid start in 2024, Telefónica’s share price has cooled off recently, with the latest 7-day return down 3.71%. Even so, momentum remains positive when you step back, as the year-to-date share price...
BME:IDR
BME:IDRIT

Indra Sistemas (BME:IDR) Profit Margin Jumps to 7.4%, Challenging Bearish Narratives on Earnings Quality

Indra Sistemas (BME:IDR) delivered a breakout earnings year, with net profit margins lifting to 7.4% from 4.9% and earnings surging 64%, far ahead of its 39.5% annual pace over the past five years. Revenue and earnings are now expected to grow at 11.1% and 12.1% per year respectively, both comfortably outpacing the broader Spanish market. Investors will note the company’s improved profitability and strong growth trajectory, even as share price stability remains a risk in the near term. See...
BME:REP
BME:REPOil and Gas

Repsol (BME:REP) One-Off €1.3bn Loss Highlights Margin Pressure Versus Investor Growth Narratives

Repsol (BME:REP) posted a mixed financial update, with revenue projected to decline by an average of 1.6% per year over the next three years and net profit margins dropping to 1.4% from last year's 6%. A one-off loss of €1.3 billion further weighed on the latest twelve months of results, but the company still managed annual earnings growth of 35.7% over the past five years and has returned to profitability in that time. Looking ahead, EPS is forecast to grow at an average of 7.03% per year,...
BME:FER
BME:FERConstruction

Ferrovial (BME:FER): Assessing Valuation After Recent Double-Digit Share Price Gains

Ferrovial (BME:FER) shares have seen some movement this month, with investors weighing the company’s recent performance and evaluating its longer-term growth record. There is plenty to discuss regarding how these trends might shape valuation going forward. See our latest analysis for Ferrovial. Ferrovial’s share price has climbed steadily in recent months, notching a notable 8% gain in the past month and surging over 30% year-to-date. The real highlight is the 47% total shareholder return...
BME:MEL
BME:MELHospitality

Meliá Hotels (BME:MEL) Net Margin Improvement Reinforces Value Narrative Despite Slower Revenue Growth

Meliá Hotels International (BME:MEL) has posted a solid uptick in profitability, reporting net profit margins of 8.4% compared to 6% a year ago. Over the last five years, the company has achieved an average annual earnings growth of 75%, although this year's earnings climbed 44.8%. This is a healthy gain, but slower than its longer-term rate. While revenue is forecast to grow at 2.3% per year, which trails the Spanish market’s 4.2% average, earnings are expected to rise by 7.4% annually,...
BME:GCO
BME:GCOInsurance

Grupo Catalana Occidente (BME:GCO) Net Margin Jump Reinforces Value Narrative Despite Slower Growth Outlook

Grupo Catalana Occidente (BME:GCO) posted net profit margins of 14.8%, up from 13.1% previously, and delivered EPS growth of 18.5% over the past year, beating its 5-year average of 16.5% per year. Looking ahead, earnings are forecast to grow at 4.41% per year, with revenue set for 2.3% annual growth, both trailing the broader Spanish market. With a steady track record, accelerating profit growth, and no major risks highlighted, investors have several reward factors to weigh as they consider...
BME:CABK
BME:CABKBanks

CaixaBank (BME:CABK): Earnings Growth and Margin Expansion Challenge Bearish Narratives

CaixaBank (BME:CABK) delivered earnings growth of 17.4% over the past year, outpacing its five-year average of 14.6% per year. Net profit margins rose to 38% from 34.5%. Forward earnings growth is forecast at 3.86% annually, which is below the Spanish market’s 5.1%. However, projected revenue growth at 4.5% slightly exceeds the market’s 4.2%. Strong historical growth and improving profitability contribute to a compelling risk-reward profile, though dividend sustainability remains a point of...
BME:RED
BME:REDElectric Utilities

Redeia (BME:RED) Margin Slide Challenges Bullish Narratives Despite Forecasted Growth Outpacing Spanish Market

Redeia Corporación (BME:RED) is forecasting earnings growth of 5.23% per year and expects revenue to rise 4.8% annually, which is ahead of the broader Spanish market's 4.2% growth outlook. Despite these positive projections, the company's net profit margin has slipped from 33.6% to 30%, and reported earnings have decreased at a rate of 5.5% per year over the last five years. Although the stock is trading at a premium, with a Price-to-Earnings Ratio of 16.6x that surpasses both its peers...
BME:BBVA
BME:BBVABanks

BBVA (BME:BBVA) Margin Dip Challenges Bullish Narrative as Dividend Sustainability Questioned

Banco Bilbao Vizcaya Argentaria (BME:BBVA) is forecasting revenue growth of 5.6% per year, outpacing the Spanish market’s 4.2% average. Earnings are expected to increase at 3.9% per year, which is slower than the broader market’s 5.1% pace, and net profit margins have ticked down slightly to 30.8% from last year’s 31.3%. While BBVA’s average earnings growth was an impressive 25.9% annually over five years, the most recent yearly gain of 7.4% marks a step down from that strong trend. See our...
BME:PUIG
BME:PUIGPersonal Products

Puig (BME:PUIG) Is Up 6.3% After Raising Guidance on Makeup Momentum and U.S. Online Strength

Puig Brands reported a 6.1 percent increase in like-for-like sales in its third quarter, driven by strong makeup and skincare segment performance, as softness continued in the fragrance division. Momentum in premium brands such as Charlotte Tilbury, particularly in the U.S. online market, prompted the company to raise its full-year revenue growth guidance to the midpoint of its previously stated range. We’ll explore how Puig’s raised outlook, supported by the success of its makeup segment,...
BME:TRE
BME:TREEnergy Services

How the Saudi Water Project Win Could Shape Técnicas Reunidas' (BME:TRE) Role in Sustainable Infrastructure

Fluence Corporation Limited recently announced it has secured a contract worth more than US$12 million to supply an advanced ultra-pure water treatment system for Técnicas Reunidas S.A., which is managing the construction of a new combined-cycle power plant in Saudi Arabia. This collaboration highlights expanding demand for sustainable water technologies and demonstrates Técnicas Reunidas' continued involvement in major energy infrastructure projects in the Middle East. We’ll look at how...
BME:MAP
BME:MAPInsurance

Mapfre (BME:MAP) Valuation in Focus After Earnings Jump Signals Improved Performance

Mapfre (BME:MAP) shares are drawing attention following the company’s earnings announcement, which revealed net income of €829 million for the first nine months of 2025, an increase from €653 million a year earlier. See our latest analysis for Mapfre. Mapfre’s recent jump in profits has amplified investor attention, but the share price tells an even bigger story. Despite some short-term volatility, with a drop of 5.01% over the past day, the year-to-date share price return sits at an...
BME:IBE
BME:IBEElectric Utilities

Should Iberdrola’s Upgraded Profit Guidance After Strong Q3 Results Prompt Action From (BME:IBE) Investors?

In late October 2025, Iberdrola reported its third-quarter results, posting quarterly net income of €1.74 billion and raising full-year profit guidance after strong performances in its network business and increased investments in the U.S. and UK. The company’s focus on expanding regulated networks and heightened clean energy investment led to improved operating momentum and prompted the upgraded earnings outlook for the remainder of the year. We'll look at how Iberdrola's upgraded profit...
BME:SAN
BME:SANBanks

Santander (BME:SAN) Net Margin Improves to 25.3%, Challenging Expectations of Slowing Growth

Banco Santander (BME:SAN) delivered another year of profitability growth, posting a 19.8% rise in annual earnings, which brings its five-year earnings increase to an impressive 36.7%. Net profit margins also ticked higher to 25.3%, gaining from last year's 22.9%, and the shares are now trading at €8.75, notably below the estimated fair value of €11.5. With future earnings projected to grow at 3.8% per year, which is slower than the broader Spanish market but with revenue expected to outpace...
BME:EBRO
BME:EBROFood

Ebro Foods (BME:EBRO) Margin Dip Challenges Bullish Value Narrative Despite Discounted Shares

Ebro Foods (BME:EBRO) is forecasting modest growth, with revenue expected to rise by 1.8% per year and earnings projected to increase at 1.5% annually. Both figures are lagging the broader Spanish market’s pace. The company’s net profit margin currently stands at 6.3%, just below last year’s 6.5%, and its average annual earnings growth over the past five years is 14.4%. However, recent periods show a dip in both margins and earnings. For investors, the combination of below-market growth...
BME:ELE
BME:ELEElectric Utilities

Endesa (BME:ELE) Net Profit Margin Doubles, Challenging Bearish Narratives on Profit Quality

Endesa (BME:ELE) delivered standout earnings this period, with net profit margin surging to 10.3% from last year’s 5%. Year-on-year earnings growth reached 101.9%, well above its five-year annual average of 5.8%. Over the past five years, earnings have grown at a 5.8% yearly pace, and the company’s earnings quality remains high. Despite these robust figures, the outlook now faces pressure from forecasted declines in earnings per year and investor concerns about valuation and dividend...
BME:IDR
BME:IDRIT

Indra Sistemas (BME:IDR) Is Up 10.2% After Net Income Surges to €291 Million – Has the Bull Case Changed?

Indra Sistemas, S.A. recently announced its third quarter and nine-month 2025 earnings, posting sales of €1.16 billion and nine-month net income rising to €291.3 million from €184.5 million the previous year. The sharp growth in both revenue and net profit highlights the company’s ongoing momentum as governments and aviation authorities continue prioritizing modernization of airspace and navigation infrastructure globally. We’ll examine how Indra’s surge in net income and revenue growth...
BME:MEL
BME:MELHospitality

How Meliá Hotels' Middle East Debut Could Shape Its Global Strategy and Diversification (BME:MEL)

Meliá Hotels International recently announced plans to open its first hotel in Bahrain in 2027, marking its entry into the Middle East market. This expansion reflects Meliá's ongoing efforts to grow its international portfolio and expand its global reach in hotel management. We'll analyze how the planned Bahrain entry could influence Meliá's growth outlook and global diversification strategy going forward. These 14 companies survived and thrived after COVID and have the right ingredients to...