ACCIONA, S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 117.9 EUR | -2.48% |
|
+1.64% | -11.55% |
| May. 24 | ACCIONA : Q1 2024: profit warning amid lower energy prices and reduced electricity output |  |
| May. 24 | Utilities EPS have not factored the rapid surge in energy prices | |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,112 | 6,365 | 9,186 | 9,401 | 7,296 | 6,455 | - | - |
| Enterprise Value (EV) 1 | 10,429 | 11,098 | 13,530 | 14,654 | 13,847 | 14,287 | 14,596 | 14,961 |
| P/E ratio | 14.6 x | 16.7 x | 27.6 x | 21.3 x | 13.5 x | 17.3 x | 13.9 x | 13.1 x |
| Yield | 2.05% | 3.34% | 2.44% | 2.62% | 3.64% | 4.11% | 4.21% | 4.43% |
| Capitalization / Revenue | 0.71 x | 0.98 x | 1.13 x | 0.84 x | 0.43 x | 0.34 x | 0.33 x | 0.34 x |
| EV / Revenue | 1.45 x | 1.71 x | 1.67 x | 1.31 x | 0.81 x | 0.75 x | 0.75 x | 0.78 x |
| EV / EBITDA | 7.69 x | 9.87 x | 9.12 x | 7.09 x | 6.99 x | 6.78 x | 6.12 x | 6.01 x |
| EV / FCF | -79 x | 180 x | -36 x | -52 x | -8.48 x | -10.7 x | -36.5 x | -92.1 x |
| FCF Yield | -1.27% | 0.56% | -2.77% | -1.92% | -11.8% | -9.37% | -2.74% | -1.09% |
| Price to Book | 1.5 x | 1.87 x | 2.13 x | 1.92 x | 1.46 x | 1.26 x | 1.19 x | 1.46 x |
| Nbr of stocks (in thousands) | 54,501 | 54,540 | 54,647 | 54,688 | 54,737 | 54,746 | - | - |
| Reference price 2 | 93.80 | 116.7 | 168.1 | 171.9 | 133.3 | 117.9 | 117.9 | 117.9 |
| Announcement Date | 2/27/20 | 2/18/21 | 2/24/22 | 2/27/23 | 2/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,191 | 6,472 | 8,104 | 11,195 | 17,021 | 19,089 | 19,582 | 19,169 |
| EBITDA 1 | 1,357 | 1,124 | 1,483 | 2,068 | 1,981 | 2,108 | 2,386 | 2,488 |
| EBIT 1 | 699 | 616 | 829 | 1,334 | 1,251 | 1,068 | 1,285 | 1,361 |
| Operating Margin | 9.72% | 9.52% | 10.23% | 11.92% | 7.35% | 5.6% | 6.56% | 7.1% |
| Earnings before Tax (EBT) 1 | 545 | 508.1 | 575 | 869 | 819 | 566.6 | 846.6 | 863.1 |
| Net income 1 | 352 | 380.3 | 332 | 441 | 541 | 409.6 | 495.8 | 494.9 |
| Net margin | 4.9% | 5.88% | 4.1% | 3.94% | 3.18% | 2.15% | 2.53% | 2.58% |
| EPS 2 | 6.417 | 6.970 | 6.080 | 8.060 | 9.890 | 6.818 | 8.499 | 9.000 |
| Free Cash Flow 1 | -132 | 61.78 | -375.4 | -282 | -1,632 | -1,338 | -399.5 | -162.5 |
| FCF margin | -1.84% | 0.95% | -4.63% | -2.52% | -9.59% | -7.01% | -2.04% | -0.85% |
| FCF Conversion (EBITDA) | - | 5.5% | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | 16.25% | - | - | - | - | - | - |
| Dividend per Share 2 | 1.925 | 3.900 | 4.100 | 4.500 | 4.850 | 4.849 | 4.969 | 5.221 |
| Announcement Date | 2/27/20 | 2/18/21 | 2/24/22 | 2/27/23 | 2/29/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,042 | 3,555 | 5,177 | - | 7,056 | 9,965 |
| EBITDA 1 | 499 | 643 | 1,064 | 1,004 | 924 | 1,057 |
| EBIT 1 | 229 | 345.9 | 746 | 625 | 869 | 383 |
| Operating Margin | 7.53% | 9.73% | 14.41% | - | 12.32% | 3.84% |
| Earnings before Tax (EBT) 1 | 42 | 228 | 445 | 424 | 691 | 128 |
| Net income 1 | 22 | 148 | 201 | 240 | 467 | 74 |
| Net margin | 0.72% | 4.16% | 3.88% | - | 6.62% | 0.74% |
| EPS | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 7/29/20 | 7/29/21 | 7/28/22 | 2/27/23 | 7/27/23 | 2/29/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,317 | 4,733 | 4,344 | 5,253 | 6,551 | 7,833 | 8,141 | 8,507 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.918 x | 4.211 x | 2.929 x | 2.54 x | 3.307 x | 3.715 x | 3.412 x | 3.42 x |
| Free Cash Flow 1 | -132 | 61.8 | -375 | -282 | -1,632 | -1,339 | -400 | -163 |
| ROE (net income / shareholders' equity) | 10.5% | 8.96% | 10.4% | 9.59% | 10.9% | 7.59% | 8.29% | 8.69% |
| ROA (Net income/ Total Assets) | - | 1.72% | - | 2.09% | 1.99% | 1.4% | 1.4% | 1.3% |
| Assets 1 | - | 22,149 | - | 21,099 | 27,122 | 29,258 | 35,413 | 38,066 |
| Book Value Per Share 2 | 62.40 | 62.40 | 79.00 | 89.30 | 91.60 | 93.50 | 99.30 | 80.60 |
| Cash Flow per Share 2 | 16.40 | 17.70 | 10.50 | 30.40 | 31.00 | 27.50 | 35.20 | - |
| Capex 1 | 1,031 | 906 | 948 | 1,943 | 3,327 | 2,413 | 1,717 | 1,651 |
| Capex / Sales | 14.34% | 13.99% | 11.7% | 17.36% | 19.55% | 12.64% | 8.77% | 8.61% |
| Announcement Date | 2/27/20 | 2/18/21 | 2/24/22 | 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
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
117.9
EUR
Average target price
148.2
EUR
Spread / Average Target
+25.72%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -11.55% | 7B | |
| +0.66% | 70.81B | |
| +3.98% | 60.4B | |
| +27.87% | 40.39B | |
| +17.05% | 32.36B | |
| +9.81% | 28.8B | |
| +15.85% | 20.92B | |
| +80.41% | 18.27B | |
| +10.37% | 18.74B | |
| +35.06% | 17.07B |
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- Financials Acciona, S.A.
