Financials Iberdrola, S.A. London S.E.

Equities

0HIT

ES0144580Y14

Electric Utilities

Market Closed - London S.E. 16:30:00 10/05/2024 BST After market 19:57:11
11.94 EUR +3.69% Intraday chart for Iberdrola, S.A. 12.13 +1.57%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 58,397 71,684 64,285 68,515 74,060 76,822 - -
Enterprise Value (EV) 1 96,768 107,609 103,826 112,700 121,974 123,588 127,770 131,529
P/E ratio 17.2 x 21.3 x 17.8 x 16.8 x 16.5 x 13.6 x 14.3 x 13.7 x
Yield 3.88% 3.59% 4.23% 4.11% 4.22% 4.75% 4.92% 5.22%
Capitalization / Revenue 1.6 x 2.16 x 1.64 x 1.27 x 1.5 x 1.56 x 1.57 x 1.52 x
EV / Revenue 2.66 x 3.25 x 2.65 x 2.09 x 2.47 x 2.52 x 2.61 x 2.6 x
EV / EBITDA 9.58 x 10.7 x 8.65 x 8.52 x 8.46 x 8.09 x 8.11 x 7.98 x
EV / FCF 63.5 x 38.5 x 63.5 x 30.8 x - -55.3 x -43.6 x -80.4 x
FCF Yield 1.57% 2.6% 1.57% 3.24% - -1.81% -2.29% -1.24%
Price to Book 1.55 x 2.1 x 1.64 x 1.69 x 1.75 x 1.52 x 1.5 x 1.42 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 12.00 12.00 12.00
Announcement Date 26/02/20 24/02/21 23/02/22 22/02/23 22/02/24 - - -
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 49,095 48,908 50,607
EBITDA 1 10,104 10,010 12,006 13,228 14,417 15,269 15,753 16,478
EBIT 1 5,877 5,536 7,343 7,984 8,973 9,907 9,823 10,356
Operating Margin 16.13% 16.7% 18.77% 14.8% 18.19% 20.18% 20.08% 20.46%
Earnings before Tax (EBT) 1 4,729 5,034 6,266 6,221 7,004 7,731 7,760 8,138
Net income 1 3,406 3,611 3,885 4,339 4,803 5,580 5,341 5,572
Net margin 9.35% 10.89% 9.93% 8.04% 9.74% 11.37% 10.92% 11.01%
EPS 2 0.5340 0.5500 0.5840 0.6520 0.7190 0.8795 0.8379 0.8785
Free Cash Flow 1 1,523 2,793 1,634 3,655 - -2,233 -2,929 -1,636
FCF margin 4.18% 8.43% 4.18% 6.77% - -4.55% -5.99% -3.23%
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 0.5704 0.5905 0.6265
Announcement Date 26/02/20 24/02/21 23/02/22 22/02/23 22/02/24 - - -
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 9,685 13,165 7,520 -
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 1,285 1,063 1,284 -
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% 13.26% 8.07% 17.08% -
EPS 2 - - 0.1377 0.2143 0.1580 0.1510 - 0.1490 0.1940 0.2230 0.1600 - 0.1570 0.1780 0.4210 0.2021 0.1674 0.2022 -
Dividend per Share 2 - - - 0.2700 0.1700 0.1090 - 0.1800 - 0.1800 0.1410 - 0.1990 - 0.1431 0.1799 0.1799 0.1799 0.1493
Announcement Date 22/07/20 21/07/21 27/10/21 23/02/22 27/04/22 27/07/22 27/07/22 26/10/22 22/02/23 26/04/23 27/07/23 27/07/23 26/10/23 22/02/24 24/04/24 - - - -
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 46,675 50,883 54,497
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.798 x 3.589 x 3.294 x 3.34 x 3.323 x 3.057 x 3.238 x 3.318 x
Free Cash Flow 1 1,523 2,793 1,634 3,655 - -2,233 -2,929 -1,636
ROE (net income / shareholders' equity) 9.17% 9.69% 9.76% 10.2% 10.9% 10.9% 11% 10.9%
ROA (Net income/ Total Assets) 2.89% 2.95% 2.8% 2.93% 3.2% 3.3% 3.39% 3.36%
Assets 1 117,702 122,444 138,743 148,212 150,073 167,991 157,038 165,328
Book Value Per Share 2 5.920 5.580 6.360 6.460 6.790 7.880 8.020 8.430
Cash Flow per Share 2 1.080 1.290 1.260 1.610 - 1.740 1.910 2.010
Capex 1 5,392 5,554 6,472 6,788 - 11,770 12,027 11,987
Capex / Sales 14.8% 16.76% 16.55% 12.58% - 24.16% 25.45% 25.26%
Announcement Date 26/02/20 24/02/21 23/02/22 22/02/23 22/02/24 - - -
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
12 EUR
Average target price
12.58 EUR
Spread / Average Target
+4.83%
Consensus