Financials Corporación Acciona Energías Renovables, S.A.

Equities

ANE

ES0105563003

Electric Utilities

Real-time Estimate Tradegate 08:27:21 2024-05-13 am EDT 5-day change 1st Jan Change
21.65 EUR -0.78% Intraday chart for Corporación Acciona Energías Renovables, S.A. +6.93% -23.08%

Valuation

Fiscal Period: December 2021 2022 2024 2025 2026
Capitalization 1 10,727 11,894 7,127 - -
Enterprise Value (EV) 1 12,696 13,919 11,396 11,666 11,511
P/E ratio 29.6 x 15.7 x 16.9 x 17.1 x 18.2 x
Yield 0.86% 1.94% 2% 1.96% 1.98%
Capitalization / Revenue 4.34 x 2.73 x 2.18 x 2.21 x 2.22 x
EV / Revenue 5.14 x 3.2 x 3.49 x 3.62 x 3.59 x
EV / EBITDA 11.8 x 8.29 x 8.94 x 8.85 x 8.6 x
EV / FCF 87.8 x -47 x -13.5 x -16.2 x -13.5 x
FCF Yield 1.14% -2.13% -7.39% -6.18% -7.4%
Price to Book 2.16 x 2.03 x 1.14 x 1.1 x 1.07 x
Nbr of stocks (in thousands) 329,251 329,121 326,608 - -
Reference price 2 32.58 36.14 21.82 21.82 21.82
Announcement Date 2/23/22 2/27/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2024 2025 2026
Net sales 1 - 2,472 4,351 3,268 3,219 3,209
EBITDA 1 - 1,079 1,680 1,275 1,318 1,339
EBIT 1 - 695.2 1,225 734.9 744.5 727.4
Operating Margin - 28.12% 28.16% 22.49% 23.13% 22.67%
Earnings before Tax (EBT) 1 - 562.4 1,057 564.4 548.7 530.7
Net income 1 198.8 363 758.7 412.2 408.3 393.9
Net margin - 14.68% 17.44% 12.61% 12.68% 12.27%
EPS 2 0.6000 1.100 2.300 1.289 1.272 1.202
Free Cash Flow 1 - 144.6 -296 -842.6 -720.7 -851.3
FCF margin - 5.85% -6.8% -25.78% -22.39% -26.53%
FCF Conversion (EBITDA) - 13.4% - - - -
FCF Conversion (Net income) - 39.82% - - - -
Dividend per Share 2 - 0.2801 0.7000 0.4363 0.4273 0.4325
Announcement Date 5/28/21 2/23/22 2/27/23 - - -
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 2024 2025 2026
Net Debt 1 - 1,969 2,025 4,269 4,540 4,385
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - 1.826 x 1.206 x 3.348 x 3.443 x 3.274 x
Free Cash Flow 1 - 145 -296 -843 -721 -851
ROE (net income / shareholders' equity) - 9.57% 14% 6.57% 5.77% 6%
ROA (Net income/ Total Assets) - 3.56% 6.62% 2.91% 2.88% 2.91%
Assets 1 - 10,201 11,456 14,170 14,184 13,526
Book Value Per Share 2 - 15.10 17.80 19.10 19.90 20.40
Cash Flow per Share 2 - 2.620 4.080 3.020 2.810 2.770
Capex 1 - 721 1,640 1,665 1,225 1,227
Capex / Sales - 29.18% 37.69% 50.94% 38.07% 38.25%
Announcement Date 5/28/21 2/23/22 2/27/23 - - -
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
21.82 EUR
Average target price
25.37 EUR
Spread / Average Target
+16.28%
Consensus

Quarterly revenue - Rate of surprise

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