Financials Corporación Acciona Energías Renovables, S.A.

Equities

ANE

ES0105563003

Electric Utilities

Market Closed - BME 11:36:59 2024-06-10 am EDT 5-day change 1st Jan Change
21.06 EUR -1.03% Intraday chart for Corporación Acciona Energías Renovables, S.A. -3.75% -25.00%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 10,727 11,894 9,242 6,878 - -
Enterprise Value (EV) 1 12,696 13,919 12,968 11,149 11,251 11,446
P/E ratio 29.6 x 15.7 x - 17.3 x 16.1 x 17.3 x
Yield 0.86% 1.94% 1.71% 2.08% 2% 1.97%
Capitalization / Revenue 4.34 x 2.73 x 2.61 x 2.15 x 2.14 x 2.12 x
EV / Revenue 5.14 x 3.2 x 3.66 x 3.49 x 3.5 x 3.52 x
EV / EBITDA 11.8 x 8.29 x 10.1 x 9.11 x 8.6 x 8.55 x
EV / FCF 87.8 x -47 x - -12.9 x -26.9 x -22.8 x
FCF Yield 1.14% -2.13% - -7.77% -3.72% -4.39%
Price to Book 2.16 x 2.03 x 1.58 x 1.11 x 1.06 x 1 x
Nbr of stocks (in thousands) 329,251 329,121 329,120 326,608 - -
Reference price 2 32.58 36.14 28.08 21.06 21.06 21.06
Announcement Date 2/23/22 2/27/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 2,472 4,351 3,547 3,194 3,211 3,250
EBITDA 1 - 1,079 1,680 1,285 1,223 1,309 1,338
EBIT 1 - 695.2 1,225 917 719.3 771.2 738.4
Operating Margin - 28.12% 28.16% 25.85% 22.52% 24.02% 22.72%
Earnings before Tax (EBT) 1 - 562.4 1,057 776 559.7 584.2 531.1
Net income 1 198.8 363 758.7 524 401.2 427.1 387
Net margin - 14.68% 17.44% 14.77% 12.56% 13.3% 11.91%
EPS 2 0.6000 1.100 2.300 - 1.214 1.307 1.214
Free Cash Flow 1 - 144.6 -296 - -866.6 -418.2 -502.6
FCF margin - 5.85% -6.8% - -27.13% -13.03% -15.47%
FCF Conversion (EBITDA) - 13.4% - - - - -
FCF Conversion (Net income) - 39.82% - - - - -
Dividend per Share 2 - 0.2801 0.7000 0.4800 0.4376 0.4222 0.4151
Announcement Date 5/28/21 2/23/22 2/27/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2021 S2 2022 Q2 2022 S1 2022 Q3 2022 S2 2023 S1 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 759.4 759.4 - 1,178 2,206 1,134 2,145 1,760 727.3 727.3 777.3 777.3
EBITDA - - 579.7 - 909 - 770.6 686 - - - -
EBIT - - - - 674.8 - 550.3 595.1 - - - -
Operating Margin - - - - 30.59% - 25.65% 33.82% - - - -
Earnings before Tax (EBT) - - - - 569.6 - 487.1 567.4 - - - -
Net income - - - - 389.9 - 368.8 405.1 - - - -
Net margin - - - - 17.68% - 17.19% 23.02% - - - -
EPS - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 7/27/22 2/23/22 2/23/22 7/27/22 7/27/22 2/27/23 2/27/23 7/27/23 - - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 1,969 2,025 3,726 4,271 4,372 4,567
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - 1.826 x 1.206 x 2.9 x 3.491 x 3.341 x 3.413 x
Free Cash Flow 1 - 145 -296 - -867 -418 -503
ROE (net income / shareholders' equity) - 9.57% 14% 8.94% 6.48% 6.13% 6.13%
ROA (Net income/ Total Assets) - 3.56% 6.62% 3.89% 2.87% 2.89% 2.93%
Assets 1 - 10,201 11,456 13,465 13,956 14,762 13,190
Book Value Per Share 2 - 15.10 17.80 17.80 18.90 19.90 21.00
Cash Flow per Share 2 - 2.620 4.080 - 2.760 2.930 2.710
Capex 1 - 721 1,640 2,218 1,765 1,193 1,244
Capex / Sales - 29.18% 37.69% 62.53% 55.27% 37.16% 38.28%
Announcement Date 5/28/21 2/23/22 2/27/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
21.06 EUR
Average target price
25.35 EUR
Spread / Average Target
+20.38%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. ANE Stock
  4. Financials Corporación Acciona Energías Renovables, S.A.