Iberdrola Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Armando Martínez

Chief executive officer

€1.9m

Total compensation

CEO salary percentage	52.8%
CEO tenure	2.2yrs
CEO ownership	n/a
Management average tenure	2.2yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Armando Martínez's remuneration changed compared to Iberdrola's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€6b
Jun 30 2024	n/a	n/a	€6b
Mar 31 2024	n/a	n/a	€6b
Dec 31 2023	€2m	€1m	€5b
Sep 30 2023	n/a	n/a	€5b
Jun 30 2023	n/a	n/a	€5b
Mar 31 2023	n/a	n/a	€5b
Dec 31 2022	€250k	€184k	€4b

Compensation vs Market: Armando's total compensation ($USD1.98M) is below average for companies of similar size in the Italian market ($USD2.92M).

Compensation vs Earnings: Armando's compensation has increased by more than 20% in the past year.

CEO

Armando Martínez (56 yo)

2.2yrs

Tenure

€1,895,000

Compensation

Mr. Armando Martínez Martínez serves as Chief Executive Officer and Director of Iberdrola, S.A. since October 25, 2022. Mr. Martínez served as Business CEO of the Iberdrola group at Iberdrola, S.A. since 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jose Sanchez Galan	Executive Chairman	23.6yrs	€6.47m	0.17% € 140.9m
Armando Martínez	CEO & Director	2.2yrs	€1.90m	no data
Jose Armada	Director of Finance	no data	no data	no data
Ignacio Cuenca Arambarri	Director of Investor Relations and Communications	no data	no data	no data
Santiago Martinez Garrido	Director of Legal Services & Secretary	8.9yrs	no data	no data
Maria Herrera Pereda	Director of Compliance	3.9yrs	no data	no data
David Mesonero Molina	Global Head of Corporate Development	no data	no data	no data
Ramón Castresana	Director of Human Resources	no data	no data	no data
Agustín Delgado Martin	Chief Innovation & Sustainability Officer	no data	no data	no data
Carlos Sallé Alonso	Senior Vice President of Policies and Climate Change - Iberdrola	no data	no data	no data
Ainara De Elejoste Echebarria	Second Deputy Secretary of the Board and Head of the Corporate Documentation & Corporate Affairs	no data	no data	no data
Katya Somohano Silva	CEO of Iberdrola Mexico	less than a year	no data	no data

2.2yrs

Average Tenure

56yo

Average Age

Experienced Management: 1IBE's management team is considered experienced (2.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jose Sanchez Galan	Executive Chairman	23.6yrs	€6.47m	0.17% € 140.9m
Armando Martínez	CEO & Director	2.2yrs	€1.90m	no data
Anthony Gardner	Second Independent Vice-Chairman of the Board	6.7yrs	€760.00k	no data
Inigo de Oriol Ibarra	Other External Independent Director	18.7yrs	€334.00k	0.021% € 16.6m
Manuel Munaiz	Independent Director	9.8yrs	€480.00k	no data
Juan Gonzalez Serna	First Vice-Chairman & Lead Independent Director	7.8yrs	€791.00k	no data
Angel Jesus Acebes Paniagua	Independent Director	4.2yrs	€766.00k	no data
Xabier Sagredo Ormaza	Independent Director	8.7yrs	€405.00k	no data
Sara De La Rica Goiricelaya	Independent Director	5.8yrs	€609.00k	no data
Regina Jorge Nunes	Independent Director	4.7yrs	€350.00k	no data
Nicola Brewer	Independent Director	4.7yrs	€318.00k	no data
Maria Alcala Diaz	Independent Director	3.2yrs	€597.00k	no data

6.2yrs

Average Tenure

62yo

Average Age

Experienced Board: 1IBE's board of directors are considered experienced (6.2 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 06:49
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 here.

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 world class team 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 .

Analyst Sources

Iberdrola, S.A. is covered by 53 analysts. 18 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
Juan Rodriguez	AlphaValue
null Research Department	Axia Financial Research
Flora Mericia Trindade	Banco BPI, S.A.

Iberdrola Management

Management criteria checks 3/4

Key information

Recent management updates

Iberdrola, S.A., Annual General Meeting, May 17, 2024

Iberdrola SA Appoints Felipe Montero as Chief Executive Officer of Iberdrola Deutschland

Recent updates

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

Now 21% overvalued after recent price rise

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.

Now 20% overvalued after recent price rise

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.

Iberdrola, S.A. (BME:IBE) signed an agreement to acquire 88% stake in Electricity North West 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 released: EPS: €0.21 (vs €0.16 in 2Q 2023)

Iberdrola, S.A. (BME:IBE) acquired 80% stake in Balantia.

Glentra Fund I K/S, managed by Glentra Capital P/S completed the acquisition of Kyoto Group AS (OB:KYOTO) from Spirax Group plc (LSE:SPX), Iberdrola, S.A. (BME:IBE) and KM New Energy AS and others.

Glentra Fund I K/S and Glentra Capital P/S proposed to acquire remaining majority stake in Kyoto Group AS (OB:KYOTO) from Spirax Group plc (LSE:SPX), Iberdrola, S.A. (BME:IBE) and KM New Energy AS and others.

Dividend of €0.28 announced

Premier Energy SRL reached an agreement to acquire Eolica Dobrogea One, S.R.L. from Iberdrola, S.A. (BME:IBE) for €88 million.

First quarter 2024 earnings released: EPS: €0.43 (vs €0.23 in 1Q 2023)

Engie, Iberdrola and Funds Reportedly Eye Bids for Electricity North West

Iberdrola, S.A., Annual General Meeting, May 17, 2024

Iberdrola, S.A. (BME:IBE) received a non-binding proposal to acquire 18.4% stake in Avangrid, Inc. (NYSE:AGR) for $2.5 billion.

Now 22% overvalued

Full year 2023 earnings released: EPS: €0.76 (vs €0.66 in FY 2022)

Upcoming dividend of €0.26 per share at 4.3% yield

Iberdrola, S.A. to Report Fiscal Year 2023 Results on Feb 21, 2024

Norway's Sovereign Wealth Fund Reportedly Seeks to Buy into Iberdrola's 1 GW Renewable Capacity

New minor risk - Shareholder dilution

Second quarter 2023 earnings released

Upcoming dividend of €0.25 per share at 4.1% yield

CLP Says It Is Seeking ‘Long-Term Partner’ for EnergyAustralia

Norway's Fund Seeks to Buy into More of Iberdrola Renewable Assets

Iberdrola Denies Plan to Acquire RWE

Full year 2022 earnings released: EPS: €0.65 (vs €0.58 in FY 2021)

Iberdrola SA Appoints Felipe Montero as Chief Executive Officer of Iberdrola Deutschland

Iberdrola Reportedly Considers Sale of Stake in its U.S. Renewables Business

Norges Bank Investment Management entered into an agreement to acquire 49% stake in 1.3GW renewable infrastructure portfolio in Spain from Iberdrola, S.A. (BME:IBE) for EUR 600 million.

Norges Bank Investment Management entered into an agreement to acquire 49% stake in 1.3GW renewable infrastructure portfolio in Spain from Iberdrola, S.A. (BME:IBE) for EUR 600 million.

Upcoming dividend of €0.15 per share

Iberdrola, S.A. to Report First Half, 2023 Results on Jul 27, 2023

ArcelorMittall and CIP Reportedly Bid for Iberdrola Assets

Third quarter 2022 earnings released: EPS: €0.16 (vs €0.14 in 3Q 2021)

Origin Energy Reportedly Exits CWP Race

Third quarter 2022 earnings released: EPS: €0.17 (vs €0.14 in 3Q 2021)

Iberdrola Reportedly Explores Sale of Wind Assets in Romania, Hungary

Iberdrola Reportedly Looking to Sell 49% in 1.2 GW of Wind, Solar in Spain

Iberdrola, S.A. to Report Nine Months, 2022 Results on Oct 26, 2022

Energy Infrastructure Partners AG entered into an agreement to acquire 49% stake in Wikinger offshore wind farm in Germany from Iberdrola, S.A. (BME:IBE) for transaction valued at €700 million.

Energy Infrastructure Partners AG entered into an agreement to acquire 49% stake in Wikinger offshore wind farm in Germany from Iberdrola, S.A. (BME:IBE) for €700 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources