Iberdrola Future Growth

Future criteria checks 1/6

Iberdrola is forecast to grow earnings and revenue by 7.8% and 3.5% per annum respectively. EPS is expected to grow by 8.2% per annum. Return on equity is forecast to be 13.3% in 3 years.

Key information

7.8%

Earnings growth rate

8.23%

EPS growth rate

Electric Utilities earnings growth	7.6%
Revenue growth rate	3.5%
Future return on equity	13.32%
Analyst coverage	Good
Last updated	11 Sep 2026

Recent future growth updates

No updates

Recent updates

Narrative Update • Jul 24

IBE: Neutral Outlook As Data Center Power Demand And Storage Projects Shape Returns

The analyst fair value estimate for Iberdrola has shifted from €19.17 to €19.92, as analysts highlight data center driven demand and supply tailwinds, which are reflected in recent price target increases from several firms. Analyst Commentary Analysts are split, with some pointing to upside tied to data center exposure and others sounding more cautious on where the stock trades relative to their expectations.

Narrative Update • Apr 25

IBE: Neutral Outlook As Renewable JV Expansion And Governance Changes Shape Returns

The analyst price target for Iberdrola has moved slightly higher to about €19.17, with analysts pointing to updated assumptions around long term profit margins and P/E multiples. This comes even as revenue growth expectations are adjusted and recent price target changes from major firms highlight valuation as a key consideration.

Narrative Update • Apr 11

IBE: Neutral Outlook With Renewable JV And Governance Moves Shaping Next Phase

Analysts have nudged the fair value estimate for Iberdrola slightly higher to €18.84, citing a series of price target revisions around €20 to €20.50 and a cluster of Neutral ratings. These indicate a more balanced risk reward view following the recent share price move.

Narrative Update • Mar 28

IBE: Neutral Stance And Renewable JV Expansion Will Shape A Balanced Outlook

The updated analyst price target for Iberdrola is now set at about €18.80, a slight move from roughly €18.76, as analysts weigh a richer valuation following recent downgrades to Neutral and mixed price target revisions across the Street. Analyst Commentary Bullish Takeaways Bullish analysts who set price targets around €20 to €20.50 see room for upside versus the current average target of about €18.80, which implies some confidence that Iberdrola can justify a richer valuation.

Narrative Update • Mar 13

IBE: Neutral Ratings And Renewable JV Expansion Will Shape A Balanced Outlook

The analyst fair value estimate for Iberdrola has moved slightly higher to about €18.76, with analysts pointing to updated assumptions for revenue growth, profit margins and future P/E multiples, as reflected in recent neutral ratings and price targets around €20 to €20.50. Analyst Commentary Recent research updates cluster around a neutral view on Iberdrola, with several firms now aligned around price targets of about €20 to €20.50.

Narrative Update • Feb 26

IBE: Mixed Ratings And Renewable JV Expansion Will Shape A Balanced Outlook

Analysts have nudged their price target for Iberdrola to about €18.70 from roughly €17.90. This reflects updated views on slightly lower revenue growth assumptions, a broadly stable discount rate, modestly higher profit margin forecasts, and a higher expected future P/E multiple informed by recent mixed rating actions and target revisions across the Street.

Narrative Update • Feb 09

IBE: Project Execution And Policy Stability Will Shape A Balanced Outlook

Analysts have nudged Iberdrola’s price target higher by €1.50, reflecting updated assumptions around a slightly lower discount rate, adjusted revenue growth and margin expectations, as well as a modest tweak to future P/E estimates. Analyst Commentary Recent price target revisions suggest analysts are fine tuning their expectations for Iberdrola, with valuation work now reflecting slightly different assumptions on discount rates, revenue growth and margins, as well as updated P/E inputs.

Narrative Update • Jan 25

IBE: Power Demand And Green Hydrogen Will Shape A Balanced Outlook

Narrative update The analyst price target for Iberdrola moves up by about €0.50 to €17.89. Analysts broadly cite updated assumptions around profit margins and future P/E, as well as mixed recent research that includes a €1.50 target increase, an upgrade to Buy, and a separate Sell rating at €16.20.

Narrative Update • Jan 08

IBE: Power Demand And Green Hydrogen Projects Will Shape Balanced Outlook

Analysts have nudged their price target for Iberdrola slightly higher to €17.39 from €17.32, citing mixed recent views. Some see support from growing electricity demand in the U.S. and UK, while others express caution with targets around €16.20.

Narrative Update • Dec 25

IBE: Rising Power Demand And Hydrogen Projects Will Support Mixed-View Outlook

Analysts have nudged their fair value estimate for Iberdrola slightly higher, from EUR 17.15 to EUR 17.32, citing both rising electricity demand in key markets and incremental improvements in long term profitability and valuation assumptions despite mixed rating actions. Analyst Commentary Recent rating and target price changes highlight a divided but incrementally constructive view on Iberdrola, with differing opinions on how much of the company’s improving fundamentals are already reflected in the share price.

Analysis Article • Dec 18

Iberdrola (BME:IBE) Has Announced A Dividend Of €0.2033

Iberdrola, S.A.'s ( BME:IBE ) investors are due to receive a payment of €0.2033 per share on 26th of January. Based on...

Narrative Update • Dec 11

IBE: Key Market Power Demand Will Support Operations Amid Mixed Ratings Narrative

Analysts have nudged their fair value estimate for Iberdrola slightly higher to EUR 17.15 from EUR 17.06, citing a stronger multiyear revenue growth outlook and supportive recent rating and target price revisions despite some dissenting views. Analyst Commentary Street research remains divided on Iberdrola, with recent rating changes and target price revisions underscoring a debate around how much of the multiyear growth story is already reflected in the share price.

Analysis Article • Dec 07

Iberdrola, S.A.'s (BME:IBE) Shareholders Might Be Looking For Exit

When close to half the companies in Spain have price-to-earnings ratios (or "P/E's") below 16x, you may consider...

Narrative Update • Nov 27

IBE: Demand In Key Markets Will Support Operations Amid Sector Challenges

Analysts have modestly raised their price target for Iberdrola from €16.82 to €17.06. They cite increased demand for electricity in key markets and an improved profit outlook as reasons for this adjustment.

Narrative Update • Nov 10

IBE: Earnings Outlook And Execution Will Face Sector Headwinds And Operational Risks

The consensus analyst price target for Iberdrola has increased modestly from €16.50 to €16.82. This change reflects updated analyst expectations based on incremental improvements in projected profit margin and fair value, despite slower anticipated revenue growth and a higher discount rate.

Analysis Article • Nov 02

Iberdrola's (BME:IBE) Dividend Will Be €0.2025

The board of Iberdrola, S.A. ( BME:IBE ) has announced that it will pay a dividend on the 26th of January, with...

Narrative Update • Oct 27

Recent Upgrades And Sector Momentum Will Drive Broader Grid Modernization Efforts

Analysts have raised their fair value estimate for Iberdrola from €16.32 to €16.50. This reflects higher anticipated revenue growth and a series of improved price targets from recent research coverage.

Narrative Update • Oct 13

US And UK Expansion Will Fuel Future Grid Modernization

The analyst price target for Iberdrola has increased modestly from EUR 16.14 to EUR 16.32. This change reflects analysts' optimism driven by recent positive revisions to revenue growth forecasts and supportive updates from multiple research firms.

Narrative Update • Sep 19

US And UK Expansion Will Fuel Future Grid Modernization

The consensus price target for Iberdrola saw a marginal upward revision to €16.14, primarily reflecting a slight improvement in revenue growth forecasts. What's in the News Iberdrola experienced a significant incident at its Flyers Creek wind farm in Australia, where a GE Vernova turbine blade bent in half following storm-related damage; the damaged blade was removed from service, and a replacement is pending installation (Recharge News).

Narrative Update • Sep 04

US And UK Expansion Will Fuel Future Grid Modernization

With consensus revenue growth forecasts steady at 3.7% and a modest decline in future P/E from 19.53x to 18.83x indicating slightly improved valuation, Iberdrola’s consensus analyst price target remains unchanged at €15.94. What's in the News Iberdrola announced a private placement of common shares for gross proceeds of €5,016,000.

New Narrative • Nov 07

Regulatory Hurdles And Debt Overload Threaten Profit Margins And Earnings Stability

Increased exposure to A-Rated countries may lead to stricter regulations and compliance costs, impacting net margins due to necessary regulatory investments.

Earnings and Revenue Growth Forecasts

BME:IBE - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	48,865	7,543	-6,000	15,900	12
12/31/2027	46,949	7,058	-1,936	14,641	15
12/31/2026	45,717	6,715	-8,605	11,902	17
6/30/2026	44,445	5,575	2,103	11,291	N/A
3/31/2026	43,511	5,492	N/A	N/A	N/A
12/31/2025	44,076	5,691	2,843	11,635	N/A
9/30/2025	43,091	3,604	N/A	N/A	N/A
6/30/2025	42,451	3,195	3,995	12,749	N/A
3/31/2025	42,892	3,081	3,025	12,282	N/A
12/31/2024	42,988	3,914	3,006	11,925	N/A
9/30/2024	45,259	6,455	N/A	N/A	N/A
6/30/2024	45,708	6,235	2,503	12,301	N/A
3/31/2024	46,553	5,895	3,427	12,312	N/A
12/31/2023	49,335	4,621	3,872	12,130	N/A
9/30/2023	53,239	4,774	N/A	N/A	N/A
6/30/2023	55,783	4,631	4,344	10,661	N/A
3/31/2023	57,260	4,668	3,786	10,401	N/A
12/31/2022	53,949	4,241	3,467	10,443	N/A
9/30/2022	49,018	4,460	N/A	N/A	N/A
6/30/2022	44,792	4,367	1,996	9,049	N/A
3/31/2022	41,176	3,798	1,765	8,841	N/A
12/31/2021	39,114	3,765	1,043	8,106	N/A
9/30/2021	36,897	3,282	N/A	N/A	N/A
6/30/2021	35,430	3,217	2,301	8,788	N/A
3/31/2021	33,808	3,308	1,977	8,352	N/A
12/31/2020	33,145	3,555	2,347	8,347	N/A
9/30/2020	34,229	3,592	N/A	N/A	N/A
6/30/2020	34,624	3,677	1,786	8,013	N/A
3/31/2020	35,725	3,781	N/A	7,152	N/A
12/31/2019	36,438	3,472	N/A	6,915	N/A
9/30/2019	35,251	3,535	N/A	N/A	N/A
6/30/2019	35,770	3,292	N/A	7,197	N/A
3/31/2019	35,871	3,191	N/A	7,473	N/A
12/31/2018	35,076	3,065	N/A	7,586	N/A
9/30/2018	35,590	2,731	N/A	9,041	N/A
6/30/2018	33,884	2,947	N/A	6,431	N/A
3/31/2018	32,411	3,067	N/A	6,433	N/A
12/31/2017	31,263	3,057	N/A	5,685	N/A
9/30/2017	29,177	3,181	N/A	2,761	N/A
6/30/2017	28,827	2,902	N/A	6,378	N/A
3/31/2017	28,770	2,765	N/A	6,331	N/A
12/31/2016	28,759	2,806	N/A	6,720	N/A
9/30/2016	29,267	2,544	N/A	6,763	N/A
6/30/2016	30,191	2,362	N/A	6,847	N/A
3/31/2016	30,823	2,449	N/A	6,320	N/A
12/31/2015	31,419	2,422	N/A	6,260	N/A
9/30/2015	31,525	2,466	N/A	6,043	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IBE's forecast earnings growth (7.8% per year) is above the savings rate (2.9%).

Earnings vs Market: IBE's earnings (7.8% per year) are forecast to grow slower than the Spanish market (11.4% per year).

High Growth Earnings: IBE's earnings are forecast to grow, but not significantly.

Revenue vs Market: IBE's revenue (3.5% per year) is forecast to grow slower than the Spanish market (6.4% per year).

High Growth Revenue: IBE's revenue (3.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: IBE's Return on Equity is forecast to be low in 3 years time (13.3%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/11 17:49
End of Day Share Price	2026/09/11 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Iberdrola, S.A. is covered by 40 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Banco de Sabadell. S.A.
Bosco Muguiro Eulate	Banco Santander
Dominic Nash	Barclays

Iberdrola Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Recent updates

Now 20% overvalued after recent price rise

IBE: Neutral Outlook As Network Expansion And Data Center Demand Shape Returns

Iberdrola Agrees to Acquire 80% of Finland’s Largest Power Grid Caruna

New major risk - Financial position

Second quarter 2026 earnings: EPS and revenues exceed analyst expectations

Iberdrola Boosts Electricity Distribution and Expands Renewables With €21 Billion Investment Plan

IBE: Data Center Power Demand And Grid Resilience Will Drive Future Upside

Upcoming dividend of €0.35 per share

Iberdrola Commissions 243MW Fénix Solar Plant in Italy With Long-Term Contracts

IBE: Premium To Peers Will Face Test From Data Center Demand

Iberdrola Stock Draws Focus With $5 Billion Brazil Investment Plan by 2030

Iberdrola (BME:IBE) Stock Looks Fully Valued After Brazil Grid Investment Plan

Now 20% overvalued after recent price rise

IBE: Neutral Outlook As Data Center Power Demand And Storage Projects Shape Returns

First quarter dividend of €0.35 announced

Iberdrola Plans US$10.2 Billion Investment to Expand and Modernize Brazil Grid Through 2030

First quarter 2026 earnings released

Now 20% overvalued after recent price rise

Cox ABG Group, S.A. (BME:COXG) completed the acquisition of Iberdrola Mexico, S. A. de C. V. from Iberdrola, S.A. (BME:IBE) in a transaction valued at $4 billion.

IBE: Neutral Outlook As Renewable JV Expansion And Governance Changes Shape Returns

IBE: Neutral Outlook With Renewable JV And Governance Moves Shaping Next Phase

Now 21% overvalued after recent price rise

IBE: Neutral Stance And Renewable JV Expansion Will Shape A Balanced Outlook

Dividend of €0.004 announced

Iberdrola, S.A., Annual General Meeting, May 29, 2026

IBE: Neutral Ratings And Renewable JV Expansion Will Shape A Balanced Outlook

Full year 2025 earnings: EPS and revenues miss analyst expectations

IBE: Mixed Ratings And Renewable JV Expansion Will Shape A Balanced Outlook

IBE: Project Execution And Policy Stability Will Shape A Balanced Outlook

IBE: Power Demand And Green Hydrogen Will Shape A Balanced Outlook

Consortium of Premier Energy PLC (BVB:PE) and iG TECH CC Zartkoruen Mukodo Reszvenytarsasag completed the acquition of Iberdrola Renovables Magyarország Kft from Iberdrola, S.A. (BME:IBE).

IBE: Power Demand And Green Hydrogen Projects Will Shape Balanced Outlook

Upcoming dividend of €0.20 per share

IBE: Rising Power Demand And Hydrogen Projects Will Support Mixed-View Outlook

Iberdrola (BME:IBE) Has Announced A Dividend Of €0.2033

Iberdrola, S.A. to Report Q1, 2026 Results on Apr 29, 2026

IBE: Key Market Power Demand Will Support Operations Amid Mixed Ratings Narrative

Iberdrola, S.A.'s (BME:IBE) Shareholders Might Be Looking For Exit

Third quarter 2025 earnings: Revenues miss analyst expectations

IBE: Demand In Key Markets Will Support Operations Amid Sector Challenges

IBE: Earnings Outlook And Execution Will Face Sector Headwinds And Operational Risks

Iberdrola's (BME:IBE) Dividend Will Be €0.2025

Dividend of €0.20 announced

Recent Upgrades And Sector Momentum Will Drive Broader Grid Modernization Efforts

US And UK Expansion Will Fuel Future Grid Modernization

US And UK Expansion Will Fuel Future Grid Modernization

US And UK Expansion Will Fuel Future Grid Modernization

Now 20% overvalued after recent price rise

Cox ABG Group, S.A. (BME:COXG) entered into share purchase agreement to acquire Iberdrola Mexico, S. A. de C. V. from Iberdrola, S.A. (BME:IBE) for an enterprise value of $4.2 billion.

Second quarter 2025 earnings: EPS and revenues miss analyst expectations

Iberdrola Reportedly Taps Barclays to Sell Mexican Assets in EUR 4 Billion Exit

Iberdrola, S.A. has filed a Follow-on Equity Offering in the amount of €5 billion.

Green Energy Platform entered into an agreement to acquire Ten mini-hydro plants in Spain from Iberdrola, S.A. (BME:IBE).

Scottish Power Reportedly Mulls over Merger with Ovo

Upcoming dividend of €0.33 per share

Iberdrola, S.A. Appoints Pedro Azagra as CEO

Dividend of €0.33 announced

Iberdrola, S.A. (BME:IBE) agreed to acquire in Electra Del Maestrazgo, Sa for approximately €100 million.

Macquarie Specialised and Asset Finance signed an agreement to acquire SP Smart Meter Assets Limited from Iberdrola, S.A. (BME:IBE) for £900 million.

First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Iberdrola, S.A., Annual General Meeting, May 30, 2025

Full year 2024 earnings: EPS and revenues miss analyst expectations

New major risk - Financial position

Upcoming dividend of €0.19 per share

Iberdrola, S.A. (BME:IBE) completed the acquisition of the remaining 18.4% stake in Avangrid, Inc. (NYSE:AGR).

Iberdrola, S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025

Regulatory Hurdles And Debt Overload Threaten Profit Margins And Earnings Stability

Dividend of €0.19 announced

Iberdrola, S.A. (BME:IBE) completed the acquisition of 85.6% stake in Electricity North West Limited from Equitix Investment Management Limited, CNIC Corporation Limited, a Japanese consortium of investors led by The Kansai Electric Power Company, Incorporated (TSE:9503) and others.

Iberdrola, S.A. (BME:IBE) signed an agreement to acquire 88% stake in Electricity North West Limited from North West Electricity Networks (Jersey) Limited for £2.1 billion.

Premier Energy PLC completed the acquisition of Viteazu Wind Farm from Iberdrola, S.A. (BME:IBE).

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts