BME:ANA

Stock Analysis Report

Executive Summary

Acciona, S.A., together with its subsidiaries, engages in the infrastructure, renewable energy, and other business in Spain and internationally.

Snowflake

Fundamentals

Average dividend payer with questionable track record.


Similar Companies

Share Price & News

How has Acciona's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.3%

BME:ANA

1.5%

ES Electric Utilities

-0.3%

ES Market


1 Year Return

26.0%

BME:ANA

18.3%

ES Electric Utilities

-3.9%

ES Market

ANA outperformed the Electric Utilities industry which returned 18.3% over the past year.

ANA outperformed the Market in Spain which returned -3.9% over the past year.


Share holder returns

ANAIndustryMarket
7 Day-2.3%1.5%-0.3%
30 Day-0.4%1.6%2.7%
90 Day-4.6%3.5%-2.0%
1 Year29.6%26.0%23.0%18.3%-0.7%-3.9%
3 Year57.3%43.6%61.7%40.1%15.3%4.7%
5 Year93.5%67.0%42.8%6.2%1.2%-17.9%

Price Volatility Vs. Market

How volatile is Acciona's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

17.54x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Acciona's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Acciona's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Acciona is overvalued based on earnings compared to the Europe Electric Utilities industry average.

Acciona is overvalued based on earnings compared to the Spain market.


Price Based on Expected Growth

Acciona is poor value based on expected growth next year.


Price Based on Value of Assets

Acciona is overvalued based on assets compared to the Europe Electric Utilities industry average.


Next Steps

Future Growth

How is Acciona expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

2.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Acciona's revenue is expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).

Acciona's earnings are expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).

Acciona's revenue growth is positive but not above the Spain market average.

Acciona's earnings growth is positive but not above the Spain market average.

Acciona's earnings growth is expected to exceed the low risk savings rate of 1.5%.


Earnings per Share Growth Estimates


Future Return on Equity

Acciona is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Acciona performed over the past 5 years?

50.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Acciona has delivered over 20% year on year earnings growth in the past 5 years.

Acciona's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Acciona's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.


Return on Equity

Acciona has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Acciona used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.


Return on Capital Employed

Acciona has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Acciona's financial position?


Financial Position Analysis

Acciona's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Acciona's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Acciona's level of debt (181.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (212.3% vs 181.8% today).

Debt is not well covered by operating cash flow (12.2%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.8x debt.


Next Steps

Dividend

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

3.91%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Acciona's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (2.03%).

Acciona's dividend is below the markets top 25% of dividend payers in Spain (5.38%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.5x coverage).


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

José Manuel Entrecanales Domecq 0

15.7yrs

Tenure

€29,000

Compensation

Mr. José Manuel Entrecanales Domecq has been Chairman and Chief Executive Officer of Acciona Mantenimiento de Infraestructuras SA since 2004. Mr. Entrecanales Domecq has been an Executive Chairman and Chie ...


CEO Compensation Analysis

José Manuel's remuneration is lower than average for companies of similar size in Spain.

José Manuel's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.0yrs

Average Tenure

The average tenure for the Acciona management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.8yrs

Average Tenure

The tenure for the Acciona board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy€249,31028 Dec 18
Juan Ignacio Entrecanales Franco
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares3,253
Max Price€76.64
Buy€415,54228 Dec 18
José Manuel Entrecanales Domecq
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares5,422
Max Price€76.64

Ownership Breakdown


Management Team

  • Rafael Mateo Alcala (60yo)

    Chief Executive Officer of Energy

    • Tenure: 6.4yrs
  • Juan Ignacio Entrecanales Franco (54yo)

    Vice Chairman

    • Tenure: 15.7yrs
    • Compensation: €29.00k
  • José Manuel Entrecanales Domecq

    Executive Chairman & CEO

    • Tenure: 15.7yrs
    • Compensation: €29.00k
  • Luis Castilla Cámara

    Chief Executive Officer of Infrastructure

    • Tenure: 5.7yrs
  • Juan Antonio Muro-Lara Girod

    Chief Strategy & Corporate Development Officer

    • Tenure: 14.7yrs
  • Jorge Vega-Penichet López

    General Counsel & General Secretary

    • Tenure: 13.7yrs
  • Vicente Santamaria-Paredes Castillo

    Area General Manager of Compliance

    • Tenure: 0yrs
  • Jose Joaquín Mollinedo Chocano

    Chief Institutional Relations

    • Tenure: 1.7yrs
  • Arantza Ezpeleta Puras

    Chief Technology & Innovation Officer

    • Tenure: 2.9yrs
  • Jose Angel Tejero Santos

    Group Chief Financial Officer

    • Tenure: 1.7yrs

Board Members

  • Juan Ignacio Entrecanales Franco (54yo)

    Vice Chairman

    • Tenure: 15.7yrs
    • Compensation: €29.00k
  • José Manuel Entrecanales Domecq

    Executive Chairman & CEO

    • Tenure: 15.7yrs
    • Compensation: €29.00k
  • Daniel Entrecanales Domecq

    Non-Executive Proprietary Director

    • Tenure: 10.4yrs
    • Compensation: €154.30k
  • Javier Ignacio Entrecanales Franco

    Non-Executive Proprietary Director

    • Tenure: 8yrs
    • Compensation: €149.30k
  • Juan Carlos Garay Ibargaray

    Lead Independent Director

    • Tenure: 2.9yrs
    • Compensation: €249.40k
  • Ana Saínz de Vicuña Bemberg (57yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: €145.30k
  • Jerónimo Marcos Gerard Rivero

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: €117.40k
  • Karen Christiana Olsen

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: €126.00k
  • Javier Sendagorta Gómez Del Campillo

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: €88.50k
  • José María Pacheco Guardiola

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: €85.60k

Company Information

Acciona, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Acciona, S.A.
  • Ticker: ANA
  • Exchange: BME
  • Founded: 1916
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: €5.211b
  • Shares outstanding: 54.45m
  • Website: https://www.acciona.com/es/?language=es

Number of Employees


Location

  • Acciona, S.A.
  • Avenida de Europa 18
  • Parque Empresarial La Moraleja
  • Alcobendas
  • Madrid
  • 28108
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACXI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
ANABME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJan 1992
AJ3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0H4KLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
ANAEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
ANAWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992

Biography

Acciona, S.A., together with its subsidiaries, engages in the infrastructure, renewable energy, and other business in Spain and internationally. The company develops, constructs, operates, and maintains wi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 20:34
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.