Financials Iberdrola, S.A. Deutsche Boerse AG

Equities

IBE1

ES0144580Y14

Electric Utilities

Market Closed - Deutsche Boerse AG 11:29:15 2024-07-16 am EDT 5-day change 1st Jan Change
11.78 EUR -1.88% Intraday chart for Iberdrola, S.A. -0.80% -0.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 58,397 71,684 64,285 68,515 74,060 74,054 - -
Enterprise Value (EV) 1 96,768 107,609 103,826 112,700 121,974 120,998 125,491 129,007
P/E ratio 17.2 x 21.3 x 17.8 x 16.8 x 16.5 x 13.3 x 14.1 x 13.4 x
Yield 3.88% 3.59% 4.23% 4.11% 4.22% 4.88% 5.07% 5.33%
Capitalization / Revenue 1.6 x 2.16 x 1.64 x 1.27 x 1.5 x 1.51 x 1.52 x 1.46 x
EV / Revenue 2.66 x 3.25 x 2.65 x 2.09 x 2.47 x 2.47 x 2.58 x 2.54 x
EV / EBITDA 9.58 x 10.7 x 8.65 x 8.52 x 8.46 x 7.92 x 7.96 x 7.8 x
EV / FCF 63.5 x 38.5 x 63.5 x 30.8 x - -57.3 x -47.4 x -53.2 x
FCF Yield 1.57% 2.6% 1.57% 3.24% - -1.75% -2.11% -1.88%
Price to Book 1.55 x 2.1 x 1.64 x 1.69 x 1.75 x 1.44 x 1.41 x 1.34 x
Nbr of stocks (in thousands) 6,361,336 6,126,871 6,175,302 6,268,568 6,239,270 6,291,735 - -
Reference price 2 9.180 11.70 10.41 10.93 11.87 11.77 11.77 11.77
Announcement Date 2/26/20 2/24/21 2/23/22 2/22/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 36,438 33,145 39,114 53,949 49,335 48,945 48,705 50,712
EBITDA 1 10,104 10,010 12,006 13,228 14,417 15,287 15,762 16,538
EBIT 1 5,877 5,536 7,343 7,984 8,973 10,050 9,840 10,403
Operating Margin 16.13% 16.7% 18.77% 14.8% 18.19% 20.53% 20.2% 20.51%
Earnings before Tax (EBT) 1 4,729 5,034 6,266 6,221 7,004 8,227 7,762 8,180
Net income 1 3,406 3,611 3,885 4,339 4,803 5,673 5,344 5,609
Net margin 9.35% 10.89% 9.93% 8.04% 9.74% 11.59% 10.97% 11.06%
EPS 2 0.5340 0.5500 0.5840 0.6520 0.7190 0.8836 0.8367 0.8802
Free Cash Flow 1 1,523 2,793 1,634 3,655 - -2,112 -2,645 -2,425
FCF margin 4.18% 8.43% 4.18% 6.77% - -4.32% -5.43% -4.78%
FCF Conversion (EBITDA) 15.07% 27.9% 13.61% 27.63% - - - -
FCF Conversion (Net income) 44.71% 77.35% 42.06% 84.24% - - - -
Dividend per Share 2 0.3560 0.4200 0.4400 0.4490 0.5010 0.5747 0.5970 0.6279
Announcement Date 2/26/20 2/24/21 2/23/22 2/22/23 2/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 16,467 - 11,114 12,150 12,280 24,430 13,473 16,046 15,461 10,803 26,264 10,930 12,142 12,678 9,685 - 13,165 7,520 - -
EBITDA 1 4,918 5,444 3,841 2,951 3,493 6,444 3,085 3,699 4,064 3,496 7,561 3,222 - 5,857 3,615 9,472 - - - -
EBIT 1 2,675 3,242 2,562 1,747 2,175 3,922 1,741 2,320 2,738 2,173 4,911 1,902 - 4,501 2,269 6,770 - - - -
Operating Margin 16.24% - 23.05% 14.38% 17.71% 16.06% 12.92% 14.46% 17.71% 20.12% 18.7% 17.4% - 35.5% 23.43% - - - - -
Earnings before Tax (EBT) 1 2,771 2,768 2,176 1,563 1,604 3,167 1,288 1,765 2,231 1,546 3,786 1,582 - 3,981 1,765 5,747 - - - -
Net income 1 1,845 1,531 1,476 1,058 1,017 2,075 1,029 1,235 1,485 1,036 2,521 1,116 1,166 2,760 1,258 2,827 1,063 1,284 - -
Net margin 11.2% - 13.29% 8.71% 8.28% 8.49% 7.63% 7.7% 9.61% 9.59% 9.6% 10.21% 9.6% 21.77% 12.99% - 8.07% 17.08% - -
EPS 2 - - 0.2143 0.1580 0.1510 - 0.1490 0.1940 0.2230 0.1600 - 0.1570 0.1780 0.4210 0.2021 - 0.1674 0.2022 - -
Dividend per Share 2 - - 0.2700 0.1700 0.1090 - 0.1800 - 0.1800 0.1410 - 0.1990 - 0.2020 0.1799 - 0.1799 0.1799 0.1493 0.1493
Announcement Date 7/22/20 7/21/21 2/23/22 4/27/22 7/27/22 7/27/22 10/26/22 2/22/23 4/26/23 7/27/23 7/27/23 10/26/23 2/22/24 4/24/24 - - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 38,371 35,925 39,541 44,185 47,914 46,945 51,437 54,953
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.798 x 3.589 x 3.294 x 3.34 x 3.323 x 3.071 x 3.263 x 3.323 x
Free Cash Flow 1 1,523 2,793 1,634 3,655 - -2,112 -2,645 -2,425
ROE (net income / shareholders' equity) 9.17% 9.69% 9.76% 10.2% 10.9% 10.6% 10.6% 10.8%
ROA (Net income/ Total Assets) 2.89% 2.95% 2.8% 2.93% 3.2% 3.38% 3.39% 3.42%
Assets 1 117,702 122,444 138,743 148,212 150,073 167,838 157,430 163,862
Book Value Per Share 2 5.920 5.580 6.360 6.460 6.790 8.180 8.340 8.780
Cash Flow per Share 2 1.080 1.290 1.260 1.610 - 1.740 1.840 1.940
Capex 1 5,392 5,554 6,472 6,788 - 11,731 11,664 12,210
Capex / Sales 14.8% 16.76% 16.55% 12.58% - 23.97% 23.95% 24.08%
Announcement Date 2/26/20 2/24/21 2/23/22 2/22/23 2/22/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
11.77 EUR
Average target price
12.74 EUR
Spread / Average Target
+8.28%
Consensus