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Abengoa

BME:ABG
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ABG
BME
€265M
Market Cap
  1. Home
  2. ES
  3. Capital Goods
Company description

Abengoa, S.A., together with its subsidiaries, provides technology solutions for the energy and water sectors in Spain and rest of Europe, North America, Brazil and rest of South America, and internationally. The last earnings update was 52 days ago. More info.


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  • Abengoa has significant price volatility in the past 3 months.
ABG Share Price and Events
7 Day Returns
3%
BME:ABG
1.6%
ES Construction
1.3%
ES Market
1 Year Returns
6.6%
BME:ABG
12.3%
ES Construction
-1.8%
ES Market
ABG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Abengoa (ABG) 3% 16.5% 35.5% 6.6% -95.9% -99.3%
ES Construction 1.6% 0.8% 8.1% 12.3% 19.5% -13.7%
ES Market 1.3% 0.8% 5.9% -1.8% 6.7% -10.6%
1 Year Return vs Industry and Market
  • ABG underperformed the Construction industry which returned 12.3% over the past year.
  • ABG outperformed the Market in Spain which returned -1.8% over the past year.
Price Volatility
ABG
Industry
5yr Volatility vs Market

Value

 Is Abengoa undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Abengoa is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Abengoa has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Abengoa. This is due to cash flow or dividend data being unavailable. The share price is €0.0275.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Abengoa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Abengoa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:ABG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.08
BME:ABG Share Price ** BME (2019-04-18) in EUR €0.03
Spain Construction Industry PE Ratio Median Figure of 7 Publicly-Listed Construction Companies 17.69x
Spain Market PE Ratio Median Figure of 132 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Abengoa.

BME:ABG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:ABG Share Price ÷ EPS (both in EUR)

= 0.03 ÷ -0.08

-0.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Abengoa is loss making, we can't compare its value to the ES Construction industry average.
  • Abengoa is loss making, we can't compare the value of its earnings to the Spain market.
Price based on expected Growth
Does Abengoa's expected growth come at a high price?
Raw Data
BME:ABG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Construction Industry PEG Ratio Median Figure of 46 Publicly-Listed Construction Companies 1.22x
Spain Market PEG Ratio Median Figure of 75 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Abengoa, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Abengoa's assets?
Raw Data
BME:ABG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €-0.23
BME:ABG Share Price * BME (2019-04-18) in EUR €0.03
Spain Construction Industry PB Ratio Median Figure of 10 Publicly-Listed Construction Companies 2.71x
Spain Market PB Ratio Median Figure of 180 Publicly-Listed Companies 1.84x
BME:ABG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:ABG Share Price ÷ Book Value per Share (both in EUR)

= 0.03 ÷ -0.23

-0.12x

* Primary Listing of Abengoa.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Abengoa has negative assets, we can't compare the value of its assets to the ES Construction industry average.

Next steps:

  1. Take a look at our analysis of ABG’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Abengoa's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Construction industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Abengoa's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Abengoa has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Abengoa expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Abengoa has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.8%
Expected Construction industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Abengoa expected to grow at an attractive rate?
  • Unable to compare Abengoa's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Abengoa's earnings growth to the Spain market average as no estimate data is available.
  • Unable to compare Abengoa's revenue growth to the Spain market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BME:ABG Future Growth Rates Data Sources
Data Point Source Value (per year)
Spain Construction Industry Earnings Growth Rate Market Cap Weighted Average 9.8%
Spain Construction Industry Revenue Growth Rate Market Cap Weighted Average 11.2%
Spain Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Spain Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BME:ABG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:ABG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BME:ABG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,383 28 -1,445
2018-09-30 1,431 -19 -666
2018-06-30 1,481 -30 -714
2018-03-31 1,599 -84 -1,055
2017-12-31 1,635 -141 4,579
2017-09-30 1,626 -199 3,089
2017-06-30 1,572 -269 2,278
2017-03-31 1,480 -502 1,666
2016-12-31 1,569 -328 -4,276
2016-09-30 935 -306 -1,748
2016-06-30 1,084 -1,426 -2,234
2016-03-31 5,091 -1,628 -1,572

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Abengoa is high growth as no earnings estimate data is available.
  • Unable to determine if Abengoa is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BME:ABG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Abengoa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:ABG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BME:ABG Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.08
2018-09-30
2018-06-30 -0.04
2018-03-31
2017-12-31 0.31
2017-09-30
2017-06-30 0.40
2017-03-31
2016-12-31 -4.15
2016-09-30 -1.84
2016-06-30 -2.38
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Abengoa will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ABG’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Abengoa's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Abengoa's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Abengoa's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Spain market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Spain market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Abengoa has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Abengoa performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Abengoa's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Abengoa does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Abengoa's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Abengoa's 1-year growth to the ES Construction industry average as it is not currently profitable.
Earnings and Revenue History
Abengoa's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Abengoa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:ABG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,382.54 -1,444.83 326.66
2018-09-30 1,430.87 -665.96 387.20
2018-06-30 1,481.01 -714.44 360.30
2018-03-31 1,598.87 -1,054.96 387.20
2017-12-31 1,634.87 4,579.04 387.20
2017-09-30 1,625.63 3,089.23 440.31
2017-06-30 1,572.40 2,277.96 442.52
2017-03-31 1,479.63 1,666.23 440.31
2016-12-31 1,568.63 -4,275.78 486.59
2016-09-30 935.20 -1,748.00 422.74
2016-06-30 1,083.55 -2,233.65 509.00
2016-03-31 5,091.27 -1,572.42 839.52
2015-12-31 3,758.30 -823.56 713.28
2015-09-30 5,502.61 33.66 793.51
2015-06-30 7,338.94 129.50 876.45
2015-03-31 7,333.60 128.93 877.51
2014-12-31 7,322.11 147.71 871.88
2014-09-30 7,242.79 165.93 834.25
2014-06-30 7,329.57 146.36 791.39
2014-03-31 7,236.86 100.82 939.53
2013-12-31 7,492.77 125.36 755.44
2013-09-30 6,419.65 -19.57 1,286.75
2013-06-30 6,868.19 31.88 762.03
2013-03-31 8,619.88 127.41 910.30
2012-12-31 6,597.39 35.61 708.02
2012-09-30 8,646.95 163.65 781.12 29.04
2012-06-30 6,668.88 192.30 636.73 -11.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Abengoa has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Abengoa has efficiently used its assets last year compared to the ES Construction industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Abengoa improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Abengoa's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Abengoa has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Abengoa's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Abengoa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Abengoa's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Abengoa's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Abengoa's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Abengoa has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Abengoa Company Filings, last reported 3 months ago.

BME:ABG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -4,251.02 4,726.84 206.36
2018-09-30 -2,908.00 3,569.00 354.00
2018-06-30 -2,762.65 3,499.82 168.01
2018-03-31 -2,357.00 3,279.00 367.00
2017-12-31 -2,407.79 3,751.71 384.44
2017-09-30 -1,902.00 3,689.00 435.00
2017-06-30 -1,637.78 3,519.82 207.41
2017-03-31 -711.00 3,477.00 660.00
2016-12-31 -6,779.97 9,686.72 407.81
2016-09-30 -4,683.09 9,152.04 476.94
2016-06-30 -2,910.81 9,521.05 464.32
2016-03-31 214.00 10,090.00 705.00
2015-12-31 452.92 9,671.18 1,154.38
2015-09-30 2,616.11 8,903.92 2,471.77
2015-06-30 3,603.12 9,804.29 2,991.35
2015-03-31 2,875.16 9,655.42 2,905.18
2014-12-31 2,646.17 10,316.63 2,844.52
2014-09-30 2,724.17 13,568.07 4,220.21
2014-06-30 2,663.64 12,924.50 4,240.79
2014-03-31 1,864.00 12,807.00 4,156.00
2013-12-31 1,893.00 11,990.12 3,862.31
2013-09-30 1,708.00 10,615.00 3,003.00
2013-06-30 1,792.35 10,549.65 3,213.83
2013-03-31 2,007.00 10,682.00 3,233.00
2012-12-31 1,860.36 10,203.60 3,301.70
2012-09-30 1,861.00 11,568.00 3,207.00
2012-06-30 1,850.79 11,375.95 2,601.07
  • Abengoa has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Abengoa's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Abengoa has sufficient cash runway for 1.6 years based on current free cash flow.
  • Abengoa has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -106.5% each year.
X
Financial health checks
We assess Abengoa's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Abengoa has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Abengoa's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Abengoa dividends.
If you bought €2,000 of Abengoa shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Abengoa's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Abengoa's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BME:ABG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Construction Industry Average Dividend Yield Market Cap Weighted Average of 72 Stocks 3.6%
Spain Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 4.2%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.1%
Spain Bottom 25% Dividend Yield 25th Percentile 1.9%
Spain Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BME:ABG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
BME:ABG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2016-11-14 0.000 0.000
2016-09-30 0.000 0.000
2016-05-12 0.000 0.000
2016-04-22 0.000 0.000
2016-02-29 0.000 0.000
2015-11-13 0.000 0.000
2015-04-01 0.113 5.632
2014-03-04 0.111 3.174
2013-10-17 0.072 2.734
2013-10-15 0.072 2.801
2013-10-04 0.072 2.772
2013-03-06 0.073 3.484
2012-07-31 0.088 3.445
2012-03-02 0.088 3.132
2011-02-23 0.050 1.098
2010-03-08 0.039 0.828
2010-02-25 0.048 1.002
2010-02-24 0.048 1.009
2009-04-20 0.045 0.977

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Abengoa has not reported any payouts.
  • Unable to verify if Abengoa's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Abengoa's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Abengoa has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Abengoa's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Abengoa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Abengoa has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Abengoa's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joaquin de Pierola Marín
COMPENSATION €571,000
AGE 47
TENURE AS CEO 3.1 years
CEO Bio

Mr. Joaquin Fernandez de Pierola Marín has been Chief Executive Officer of Abengoa SA since March 6, 2016 and served as its General Manager from November 27, 2015 to November 29, 2016. He served as the First Vice Chairman at Abengoa SA from March 28, 2016 to November 29, 2016 and its Executive Director from November 27, 2015 to November 29, 2016. He served as Chairman and Chief Executive Officer of Abengoa Mexico. He was Vice President of Business Development for Middle East and Asia in Abengoa Engineering and Construction business unit. After serving for several years in the public sector, he has held different positions in commercial and concessions fields at gHT and Befesa Agua. He has been a Director of Operador del Mercado Ibérico de Energía - Polo Español, S.A. since June 16, 2016 and was Director at Atlantica Yield plc (formerly known as Abengoa Yield plc ) since November 17, 2016. He holds a Bachelor of Science in Economics and Business by the University of Zaragoza. He later specialized in Market Research at the University of West England in Bristol and coursed the General Management Program at IESE Business School in Barcelona.

CEO Compensation
  • Joaquin's compensation has increased whilst company is loss making.
  • Joaquin's remuneration is higher than average for companies of similar size in Spain.
Management Team Tenure

Average tenure and age of the Abengoa management team in years:

8.2
Average Tenure
54
Average Age
  • The average tenure for the Abengoa management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Gonzalo Urquijo y Fernández de Araoz

TITLE
Executive Chairman
COMPENSATION
€1M
AGE
57

Joaquin de Pierola Marín

TITLE
Chief Executive Officer
COMPENSATION
€571K
AGE
47
TENURE
3.1 yrs

José Domínguez Abascal

TITLE
Executive President
COMPENSATION
€119K
AGE
64

Víctor Fernández

TITLE
Chief Financial Officer
TENURE
2.4 yrs

Álvaro Polo Guerrero Moreno

TITLE
Director of Human Resources
TENURE
19.3 yrs

María Sánchez

TITLE
Head of Structured Financing

Salvador Linares

TITLE
Head of Derivatives
TENURE
13.3 yrs

David Jiménez-Blanco Carrillo Albornoz

TITLE
Chief Restructuring & Strategy Officer
TENURE
0.3 yrs

Asier Zarraonandia Ayo

TITLE
CEO of Befesa Zinc and CEO of the Befesa Steel & Galvanization Waste Recycling Business Unit
AGE
51
TENURE
13.3 yrs

Daniel Echarri

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Abengoa board of directors in years:

2.4
Average Tenure
65
Average Age
  • The average tenure for the Abengoa board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gonzalo Urquijo y Fernández de Araoz

TITLE
Executive Chairman
COMPENSATION
€1M
AGE
57
TENURE
2.4 yrs

Javier Benjumea Llorente

TITLE
Chairman of International Advisory Board
COMPENSATION
€111K
AGE
65

José Levy

TITLE
Independent Director
COMPENSATION
€100K
TENURE
2.4 yrs

Pilar Mestre

TITLE
Independent Director
COMPENSATION
€100K
AGE
59
TENURE
2.4 yrs

José Borrell Fontelles

TITLE
Vice Chairman of International Advisory Board
COMPENSATION
€185K
AGE
71

Manuel Castro Aladro

TITLE
Lead Independent Director
COMPENSATION
€90K
AGE
51
TENURE
2.4 yrs

Álvaro de Silva

TITLE
Member of International Advisory Board
AGE
75

Bill Richardson

TITLE
Member of International Advisory Board
AGE
71
TENURE
8.1 yrs

Mario Molina

TITLE
Member of International Advisory Board

Nicholas Stern

TITLE
Member of International Advisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Abengoa's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Abengoa has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Shareholder Owns Most Abengoa, S.A. (BME:ABG) Stock?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that have been privatized tend to have low insider ownership. … With a market capitalization of €174m, Abengoa is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Is Abengoa, S.A.'s (BME:ABG) CEO Overpaid Relative To Its Peers?

Joaquin de Pierola Marín has been the CEO of Abengoa, S.A. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Joaquin de Pierola Marín's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Who Are Abengoa SA's (BME:ABG) Major Shareholders?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Abengoa is a smaller company with a market capitalization of €197m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Who Are The Major Shareholders Of Abengoa SA (BME:ABG)?

In this article, I will take a quick look at Abengoa SA’s (BME:ABG) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure of a company has been found to affect share performance over time. … It also impacts the trading environment of company shares, which is more of a concern for short-term investors.

Simply Wall St -

Should You Be Concerned About Abengoa SA.'s (BME:ABG) Investors?

See our latest analysis for Abengoa BME:ABG Ownership_summary May 18th 18 Institutional Ownership ABG's 12.90% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Does Abengoa SA. (BME:ABG) Go Up With The Market?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … ABG’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … This is an interesting conclusion, since both ABG’s size and industry indicates the stock should have a higher beta than it currently has.

Simply Wall St -

Is Abengoa SA. (BME:ABG) Cheap And High Growth?

As an industry laggard, Abengoa may be a cheaper stock relative to its peers. … On the stock-level, Abengoa is trading at a lower PE ratio of 0.089x, making it cheaper than the average E&C stock. … Although the market is expecting lower growth for the company relative to its peers, Abengoa is also trading at a discount, meaning that there could be some value from a potential mispricing.

Simply Wall St -

At €0.0286, Is It Time To Buy Abengoa SA. (BME:ABG)?

If you believe the share price should eventually reach its true value, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you believe ABG should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

Does Abengoa SA.'s (BME:ABG) PE Ratio Warrant A Buy?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for ABG Price per share = €0.03 Earnings per share = €0.313 ∴ Price-Earnings Ratio = €0.03 ÷ €0.313 = 0.1x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with ABG, then ABG’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price.

Simply Wall St -

Company Info

Description

Abengoa, S.A., together with its subsidiaries, provides technology solutions for the energy and water sectors in Spain and rest of Europe, North America, Brazil and rest of South America, and internationally. The company operates through five segments: Engineering and construction, Solar, Water, Transmission, and Cogeneration and Other. The Engineering and Construction segment provides turnkey projects for thermo-solar plants, solar-gas hybrid plants, conventional generation plants, biofuels plants, and water infrastructures, as well as large-scale desalination plants and transmission lines, and others. This segment also engages in the development of thermo-solar, water management, and other technologies, such as hydrogen energy or the management of energy crops. The Solar segment operates and maintains solar energy plants, primarily using thermo-solar technology. The Water segment operates and maintains facilities for generating, transporting, treating, and managing water, such as desalination, and water treatment and purification plants. The Transmission segment operates and maintains high-voltage transmission power line infrastructures. The Cogeneration and Other segment operates and maintains conventional cogeneration electricity plants. Abengoa, S.A. was founded in 1941 and is based in Seville, Spain.

Details
Name: Abengoa, S.A.
ABG
Exchange: BME
Founded: 1941
€264,781,358
18,830,600,194
Website: http://www.abengoa.es
Address: Abengoa, S.A.
Campus Palmas Altas,
C/ Energía Solar nº 1,
Seville,
Andalusia, 41014,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME ABG Class A Shares Bolsas y Mercados Espanoles ES EUR 04. Dec 1996
OTCPK ABGO.F Class A Shares Pink Sheets LLC US USD 04. Dec 1996
LSE 0NUI Class A Shares London Stock Exchange GB EUR 04. Dec 1996
BATS-CHIXE ABGE Class A Shares BATS 'Chi-X Europe' GB EUR 04. Dec 1996
OTCPK ABGO.Y UNSPONSORED ADR Pink Sheets LLC US USD 23. Oct 2008
BME ABG.P Class B Shares Bolsas y Mercados Espanoles ES EUR 25. Oct 2012
OTCPK AGOA.F Class B Shares Pink Sheets LLC US USD 25. Oct 2012
DB AYO2 Class B Shares Deutsche Boerse AG DE EUR 25. Oct 2012
DUSE AYO2 Class B Shares Dusseldorf Stock Exchange DE EUR 25. Oct 2012
LSE 0QD0 Class B Shares London Stock Exchange GB EUR 25. Oct 2012
BATS-CHIXE ABGPE Class B Shares BATS 'Chi-X Europe' GB EUR 25. Oct 2012
Number of employees
Current staff
Staff numbers
13,450
Abengoa employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:43
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/02/28
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.