Financials Iberdrola, S.A.

Equities

IBE

ES0144580Y14

Electric Utilities

Market Closed - BME 11:35:19 2024-04-24 am EDT 5-day change 1st Jan Change
11.53 EUR -0.09% Intraday chart for Iberdrola, S.A. +3.59% -2.86%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 58,397 71,684 64,285 68,515 74,060 72,544 - -
Enterprise Value (EV) 1 96,768 107,609 103,826 112,700 121,974 119,312 122,934 126,893
P/E ratio 17.2 x 21.3 x 17.8 x 16.8 x 16.5 x 13.8 x 13.8 x 13.3 x
Yield 3.88% 3.59% 4.23% 4.11% 4.22% 4.94% 5.11% 5.43%
Capitalization / Revenue 1.6 x 2.16 x 1.64 x 1.27 x 1.5 x 1.62 x 1.54 x 1.53 x
EV / Revenue 2.66 x 3.25 x 2.65 x 2.09 x 2.47 x 2.67 x 2.61 x 2.67 x
EV / EBITDA 9.58 x 10.7 x 8.65 x 8.52 x 8.46 x 8.08 x 7.82 x 7.74 x
EV / FCF 63.5 x 38.5 x 63.5 x 30.8 x - -43.9 x -64.1 x -78.3 x
FCF Yield 1.57% 2.6% 1.57% 3.24% - -2.28% -1.56% -1.28%
Price to Book 1.55 x 2.1 x 1.64 x 1.69 x 1.75 x 1.58 x 1.45 x 1.39 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 11.53 11.53 11.53
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 44,727 47,026 47,545
EBITDA 1 10,104 10,010 12,006 13,228 14,417 14,762 15,712 16,386
EBIT 1 5,877 5,536 7,343 7,984 8,973 9,271 9,829 10,301
Operating Margin 16.13% 16.7% 18.77% 14.8% 18.19% 20.73% 20.9% 21.67%
Earnings before Tax (EBT) 1 4,729 5,034 6,266 6,221 7,004 8,082 7,771 8,026
Net income 1 3,406 3,611 3,885 4,339 4,803 5,056 5,326 5,518
Net margin 9.35% 10.89% 9.93% 8.04% 9.74% 11.3% 11.32% 11.61%
EPS 2 0.5340 0.5500 0.5840 0.6520 0.7190 0.8336 0.8338 0.8679
Free Cash Flow 1 1,523 2,793 1,634 3,655 - -2,718 -1,917 -1,621
FCF margin 4.18% 8.43% 4.18% 6.77% - -6.08% -4.08% -3.41%
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 0.5696 0.5898 0.6263
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 Q3 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 Q3 2024 Q4 2025 Q1
Net sales 1 16,467 - 9,248 11,114 12,150 12,280 24,430 13,473 16,046 15,461 10,803 26,264 10,930 12,142 12,678 9,672 13,148 7,510 -
EBITDA 1 4,918 5,444 2,721 3,841 2,951 3,493 6,444 3,085 3,699 4,064 3,496 7,561 3,222 - 5,857 - - - -
EBIT 1 2,675 3,242 1,540 2,562 1,747 2,175 3,922 1,741 2,320 2,738 2,173 4,911 1,902 - 4,501 - - - -
Operating Margin 16.24% - 16.65% 23.05% 14.38% 17.71% 16.06% 12.92% 14.46% 17.71% 20.12% 18.7% 17.4% - 35.5% - - - -
Earnings before Tax (EBT) 1 2,771 2,768 1,322 2,176 1,563 1,604 3,167 1,288 1,765 2,231 1,546 3,786 1,582 - 3,981 - - - -
Net income 1 1,845 1,531 876.9 1,476 1,058 1,017 2,075 1,029 1,235 1,485 1,036 2,521 1,116 1,166 2,760 1,066 1,017 664.6 -
Net margin 11.2% - 9.48% 13.29% 8.71% 8.28% 8.49% 7.63% 7.7% 9.61% 9.59% 9.6% 10.21% 9.6% 21.77% 11.02% 7.73% 8.85% -
EPS 2 - - 0.1377 0.2143 0.1580 0.1510 - 0.1490 0.1940 0.2230 0.1600 - 0.1570 0.1780 0.4210 0.1677 0.1601 0.1047 -
Dividend per Share 2 - - - 0.2700 0.1700 0.1090 - 0.1800 - 0.1800 0.1410 - 0.1990 - 0.1431 0.1431 0.1431 0.1431 0.1511
Announcement Date 7/22/20 7/21/21 10/27/21 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 46,769 50,390 54,349
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.798 x 3.589 x 3.294 x 3.34 x 3.323 x 3.168 x 3.207 x 3.317 x
Free Cash Flow 1 1,523 2,793 1,634 3,655 - -2,718 -1,917 -1,621
ROE (net income / shareholders' equity) 9.17% 9.69% 9.76% 10.2% 10.9% 11.1% 11% 11%
ROA (Net income/ Total Assets) 2.89% 2.95% 2.8% 2.93% 3.2% 3.3% 3.39% 3.36%
Assets 1 117,702 122,444 138,743 148,212 150,073 153,223 156,887 164,400
Book Value Per Share 2 5.920 5.580 6.360 6.460 6.790 7.320 7.940 8.320
Cash Flow per Share 2 1.080 1.290 1.260 1.610 - 2.020 2.020 2.140
Capex 1 5,392 5,554 6,472 6,788 - 10,937 11,971 11,897
Capex / Sales 14.8% 16.76% 16.55% 12.58% - 24.45% 25.46% 25.02%
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
11.53 EUR
Average target price
12.48 EUR
Spread / Average Target
+8.26%
Consensus
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  4. Financials Iberdrola, S.A.