Executive Summary
Iberdrola, S.A. engages in the generation, transmission, distribution and supply of electricity in the United States, the United Kingdom, Mexico, Brazil, and Europe.
Snowflake
Fundamentals
Proven track record average dividend payer.
Similar Companies
Share Price & News
How has Iberdrola's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.0%
IBE
0.03%
ES Electric Utilities
0.5%
ES Market
1 Year Return
45.3%
IBE
17.6%
ES Electric Utilities
4.6%
ES Market
Return vs Industry: IBE exceeded the Spanish Electric Utilities industry which returned 17.6% over the past year.
Return vs Market: IBE exceeded the Spanish Market which returned 4.6% over the past year.
Shareholder returns
| IBE | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 0.03% | 0.5% |
| 30 Day | -2.3% | -1.2% | 1.6% |
| 90 Day | 7.2% | 2.6% | 0.4% |
| 1 Year | 50.6%45.3% | 22.3%17.6% | 8.1%4.6% |
| 3 Year | 65.3%47.5% | 56.4%36.3% | 13.6%3.1% |
| 5 Year | 100.3%66.2% | 48.3%10.7% | 9.0%-11.5% |
Price Volatility Vs. Market
How volatile is Iberdrola's share price compared to the market and industry in the last 5 years?
Simply Wall St News
8 months ago | Simply Wall St
Is Iberdrola, S.A.'s (BME:IBE) 7.6% ROE Strong Compared To Its Industry?10 months ago | Simply Wall St
Does Iberdrola SA (BME:IBE)'s Capital Return Make The Cut?11 months ago | Simply Wall St
Does Iberdrola SA's (BME:IBE) Recent Track Record Look Strong?Valuation
Is Iberdrola undervalued compared to its fair value and its price relative to the market?
38.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: IBE (€9.12) is trading below our estimate of fair value (€14.94)
Significantly Undervalued: IBE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: IBE is poor value based on its PE Ratio (17.5x) compared to the Electric Utilities industry average (11.8x).
PE vs Market: IBE is poor value based on its PE Ratio (17.5x) compared to the Spanish market (16.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: IBE is poor value based on its PEG Ratio (3.1x)
Price to Book Ratio
PB vs Industry: IBE is overvalued based on its PB Ratio (1.6x) compared to the XE Electric Utilities industry average (0.9x).
Next Steps
Future Growth
How is Iberdrola forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
5.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IBE's forecast earnings growth (5.7% per year) is above the savings rate (1.5%).
Earnings vs Market: IBE's earnings (5.7% per year) are forecast to grow slower than the Spanish market (7.6% per year).
High Growth Earnings: IBE's earnings are forecast to grow, but not significantly.
Revenue vs Market: IBE's revenue (4.5% per year) is forecast to grow faster than the Spanish market (3.7% per year).
High Growth Revenue: IBE's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: IBE's Return on Equity is forecast to be low in 3 years time (9.1%).
Next Steps
Past Performance
How has Iberdrola performed over the past 5 years?
7.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: IBE's earnings have grown by 7.9% per year over the past 5 years.
Accelerating Growth: IBE's earnings growth over the past year (10.4%) exceeds its 5-year average (7.9% per year).
Earnings vs Industry: IBE earnings growth over the past year (10.4%) exceeded the Electric Utilities industry 2.3%.
Return on Equity
High ROE: IBE's Return on Equity (8.1%) is considered low.
Return on Assets
ROA vs Industry: IBE's Return on Assets is below or equal to the Electric Utilities industry average last year.
Return on Capital Employed
ROCE Improving: IBE has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Iberdrola's financial position?
Financial Position Analysis
Short Term Liabilities: IBE's short term assets (€13.5B) do not cover its short term liabilities (€18.7B)
Long Term Liabilities: IBE's short term assets (13.5B) do not cover its long term liabilities (52.9B)
Debt to Equity History and Analysis
Debt Level: IBE's debt to equity ratio (84.9%) is considered high
Reducing Debt: IBE's debt to equity ratio has increased from 76.7% to 84.9% over the past 5 years.
Debt Coverage: IBE's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: IBE's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
Inventory Level: IBE has a high level of physical assets or inventory.
Debt Coverage by Assets: IBE's debt is not covered by short term assets (assets are 0.4x debt).
Next Steps
Dividend
What is Iberdrola's current dividend yield, its reliability and sustainability?
3.85%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: IBE's dividend (3.85%) is higher than the bottom 25% of dividend payers in the Spanish market (2.31%).
High Dividend: IBE's dividend (3.85%) is low compared to the top 25% of dividend payers in the Spanish market (5.65%).
Stable Dividend: IBE's dividend payments have been volatile in the past 10 years.
Growing Dividend: IBE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.4%), IBE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IBE's dividends in 3 years are forecast to be covered by earnings (70.5% payout ratio).
Next Steps
Management
What is the CEO of Iberdrola's salary, the management and board of directors tenure and is there insider trading?
5.3yrs
Average management tenure
CEO
José Ignacio Sánchez Galán (69yo)
18.4yrs
Tenure
€6,149,000
Compensation
Mr. Jose Ignacio Sanchez Galán has been the Chief Executive Officer of Iberdrola, S.A. since May 2001. Mr. Sanchez Galán serves as the Managing Director of Industria de Turbo Propulsores (ITP) and the Chie ...
CEO Compensation Analysis
Compensation vs. Market: José Ignacio's total compensation ($USD0.00) is too low to compare against companies of similar size in the Spanish market ($USD2.98M).
Compensation vs Earnings: José Ignacio's compensation has increased by more than 20% in the past year.
Management Age and Tenure
5.3yrs
Average Tenure
58yo
Average Age
Experienced Management: IBE's management team is seasoned and experienced (5.3 years average tenure).
Board Age and Tenure
6.5yrs
Average Tenure
60yo
Average Age
Experienced Board: IBE's board of directors are considered experienced (6.5 years average tenure).
Insider Trading
Insider Buying: IBE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 166 |
| Max Price | €9.15 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | €8.66 |
| Entity | Individual |
| Shares | 3,374 |
| Max Price | €8.90 |
Ownership Breakdown
Management Team
José Ignacio Sánchez Galán (69yo)
Chairman & CEO
- Tenure: 18.4yrs
- Compensation: €6.15m
José Sainz Armada (60yo)
Chief Financial & Resources Officer
- Tenure: 0yrs
Pedro Azagra Blázquez (51yo)
Director of Corporate Development
- Tenure: 0yrs
Francisco Martínez Córcoles (63yo)
Group Business CEO & Executive Director
- Tenure: 2.6yrs
- Compensation: €905.00k
Santiago Matias Martínez Garrido (51yo)
Chief Legal Officer
- Tenure: 2.1yrs
Juan Carlos Rebollo Liceaga (57yo)
Director of Administration & Control
- Tenure: 0yrs
Jesús García López
Director of External Communication
- Tenure: 0yrs
Agustín Delgado
Chief Innovation & Sustainability Officer
- Tenure: 0yrs
Ramón Castresana
Director of Human Resources
- Tenure: 0yrs
Ignacio Cuenca Arambarri (58yo)
Head of Investor Relations
- Tenure: 0yrs
Board Members
José Ignacio Sánchez Galán (69yo)
Chairman & CEO
- Tenure: 18.4yrs
- Compensation: €6.15m
Joaquim Augusto Nunes de Pina Moura
Chairman of Iberdrola Portugal
- Tenure: 0yrs
Francisco Martínez Córcoles (63yo)
Group Business CEO & Executive Director
- Tenure: 2.6yrs
- Compensation: €905.00k
Inés Macho Stadler (60yo)
Non-Executive Vice Chairman
- Tenure: 1.3yrs
- Compensation: €517.00k
Georgina Yamilet Kessel Martínez (69yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: €499.00k
Iñigo Víctor de Oriol Ibarra (57yo)
External Director
- Tenure: 13.5yrs
- Compensation: €299.00k
María Helena Antolín Raybaud (53yo)
Independent Director
- Tenure: 9.6yrs
- Compensation: €487.00k
Santiago Matias Martínez Garrido (51yo)
Chief Legal Officer
- Tenure: 2.1yrs
Samantha Barber (50yo)
Independent Director
- Tenure: 11.3yrs
- Compensation: €514.00k
Juan Manuel González Serna (64yo)
Lead Director
- Tenure: 1.3yrs
- Compensation: €210.00k
Company Information
Iberdrola, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Iberdrola, S.A.
- Ticker: IBE
- Exchange: BME
- Founded:
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: €58.028b
- Shares outstanding: 6.36b
- Website: https://www.iberdrola.com
Number of Employees
Location
- Iberdrola, S.A.
- Plaza Euskadi 5
- Bilbao
- Basque Country
- 48009
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IBE | XTRA (XETRA Trading Platform) | Yes | Bearer Shares | DE | EUR | Nov 1980 |
| 0HIT | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Nov 1980 |
| IBE | BME (Bolsas y Mercados Espanoles) | Yes | Bearer Shares | ES | EUR | Nov 1980 |
| IBE1 | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Nov 1980 |
| IBDS.F | OTCPK (Pink Sheets LLC) | Yes | Bearer Shares | US | USD | Nov 1980 |
| IBEE | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Nov 1980 |
| IBE | BIT (Borsa Italiana) | Yes | Bearer Shares | IT | EUR | Nov 1980 |
| IBE N | BMV (Bolsa Mexicana de Valores) | Yes | Bearer Shares | MX | MXN | Nov 1980 |
| IBE | WBAG (Wiener Boerse AG) | Yes | Bearer Shares | AT | EUR | Nov 1980 |
| IBDR.Y | OTCPK (Pink Sheets LLC) | SPON ADR | US | USD | Apr 2007 |
Biography
Iberdrola, S.A. engages in the generation, transmission, distribution and supply of electricity in the United States, the United Kingdom, Mexico, Brazil, and Europe. It generates and markets electrical pow ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 20:54 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.