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Iberdrola

DB:IBE1
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IBE1
DB
€58B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Iberdrola, S.A. engages in the generation, transmission, distribution and supply of electricity in Spain and internationally. The last earnings update was 39 days ago. More info.


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IBE1 Share Price and Events
7 Day Returns
2.2%
DB:IBE1
0.7%
Europe Electric Utilities
2.1%
DE Market
1 Year Returns
15.5%
DB:IBE1
-0.5%
Europe Electric Utilities
-16.6%
DE Market
IBE1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Iberdrola (IBE1) 2.2% -13.6% 1.4% 15.5% 35.9% 48.6%
Europe Electric Utilities 0.7% -17.1% -11.1% -0.5% 22.1% -2%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • IBE1 outperformed the Electric Utilities industry which returned -0.5% over the past year.
  • IBE1 outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
IBE1
Industry
5yr Volatility vs Market

Value

 Is Iberdrola undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Iberdrola to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Iberdrola.

DB:IBE1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 0.44359705882353
Payout Ratio Company Filings (2019-12-31) 793.2%
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:IBE1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.5%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.272 (1 + (1- 25%) (70.7%))
0.608
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 7.46%)
5.58%

Discounted Cash Flow Calculation for DB:IBE1 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Iberdrola is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:IBE1 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.44 / (5.58% - -0.39%)
€7.54
DB:IBE1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IBE1 represents 1.00708x of BME:IBE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00708x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 7.43 x 1.00708
€7.49
Value per share (EUR) From above. €7.49
Current discount Discount to share price of €9.11
= -1 x (€9.11 - €7.49) / €7.49
-21.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Iberdrola is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Iberdrola's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Iberdrola's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IBE1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.53
BME:IBE Share Price ** BME (2020-04-07) in EUR €9.05
Europe Electric Utilities Industry PE Ratio Median Figure of 74 Publicly-Listed Electric Utilities Companies 10.45x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Iberdrola.

DB:IBE1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:IBE Share Price ÷ EPS (both in EUR)

= 9.05 ÷ 0.53

16.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Iberdrola is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • Iberdrola is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Iberdrola's expected growth come at a high price?
Raw Data
DB:IBE1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
4.9%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 35 Publicly-Listed Electric Utilities Companies 1.6x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:IBE1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.93x ÷ 4.9%

3.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Iberdrola is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Iberdrola's assets?
Raw Data
DB:IBE1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €5.95
BME:IBE Share Price * BME (2020-04-07) in EUR €9.05
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.78x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:IBE1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:IBE Share Price ÷ Book Value per Share (both in EUR)

= 9.05 ÷ 5.95

1.52x

* Primary Listing of Iberdrola.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Iberdrola is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Iberdrola's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Iberdrola has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Iberdrola expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Iberdrola expected to grow at an attractive rate?
  • Iberdrola's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Iberdrola's earnings growth is positive but not above the Germany market average.
  • Iberdrola's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IBE1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IBE1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 4.9%
DB:IBE1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts 3.8%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:IBE1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IBE1 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 43,635 10,662 4,346 2
2023-12-31 42,419 10,167 4,340 3
2022-12-31 41,380 9,526 4,040 12
2021-12-31 39,714 9,425 3,773 20
2020-12-31 38,376 8,387 3,627 20
2020-04-07
DB:IBE1 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 36,438 6,915 3,472
2019-09-30 35,251 3,491
2019-06-30 35,770 7,197 3,293
2019-03-31 35,871 7,473 3,191
2018-12-31 35,076 7,586 3,065
2018-09-30 35,590 9,041 2,731
2018-06-30 33,775 6,397 2,981
2018-03-31 32,411 6,433 3,067
2017-12-31 31,263 5,685 3,057
2017-09-30 29,177 2,761 3,181
2017-06-30 28,936 6,412 2,867
2017-03-31 28,770 6,331 2,765

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Iberdrola's earnings are expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
  • Iberdrola's revenue is expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:IBE1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below

All data from Iberdrola Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IBE1 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.69 0.76 0.62 2.00
2023-12-31 0.70 0.74 0.65 4.00
2022-12-31 0.63 0.72 0.52 14.00
2021-12-31 0.60 0.70 0.49 21.00
2020-12-31 0.57 0.66 0.50 22.00
2020-04-07
DB:IBE1 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.53
2019-09-30 0.54
2019-06-30 0.52
2019-03-31 0.49
2018-12-31 0.45
2018-09-30 0.41
2018-06-30 0.44
2018-03-31 0.46
2017-12-31 0.46
2017-09-30 0.48
2017-06-30 0.43
2017-03-31 0.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Iberdrola is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Iberdrola's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Iberdrola has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Iberdrola performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Iberdrola's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Iberdrola's year on year earnings growth rate has been positive over the past 5 years.
  • Iberdrola's 1-year earnings growth exceeds its 5-year average (13.3% vs 8.1%)
  • Iberdrola's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (13.3% vs 9.7%).
Earnings and Revenue History
Iberdrola's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Iberdrola Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IBE1 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 36,437.91 3,471.67 5,365.38
2019-09-30 35,250.77 3,491.02 5,252.59
2019-06-30 35,770.29 3,292.56 5,221.25
2019-03-31 35,871.27 3,191.12 5,222.99
2018-12-31 35,075.87 3,065.22 5,148.79
2018-09-30 35,589.96 2,731.31 5,376.67
2018-06-30 33,775.19 2,981.36 5,391.89
2018-03-31 32,411.36 3,067.41 5,121.97
2017-12-31 31,263.26 3,057.01 5,017.67
2017-09-30 29,177.35 3,180.55 4,210.77
2017-06-30 28,935.75 2,867.25 4,174.77
2017-03-31 28,769.75 2,764.55 4,098.87
2016-12-31 28,759.15 2,805.65 4,141.27
2016-09-30 29,266.79 2,543.58 4,355.96
2016-06-30 30,191.15 2,361.82 4,450.43
2016-03-31 30,822.79 2,449.48 4,475.66
2015-12-31 31,418.69 2,421.58 4,353.76
2015-09-30 31,525.07 2,465.82 4,255.31
2015-06-30 30,972.61 2,440.98 4,112.94
2015-03-31 30,487.97 2,320.32 4,000.81
2014-12-31 30,032.27 2,326.52 3,931.21
2014-09-30 30,372.91 2,103.22 3,978.44
2014-06-30 30,368.71 2,271.62 3,952.14
2014-03-31 30,658.81 2,566.02 3,889.64
2013-12-31 31,077.11 2,597.62 3,909.44
2013-09-30 31,866.59 2,695.39 3,875.61
2013-06-30 33,102.39 2,831.49 3,990.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Iberdrola has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Iberdrola used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Iberdrola has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Iberdrola's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Iberdrola has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Iberdrola's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Iberdrola's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Iberdrola's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Iberdrola's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Iberdrola's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Iberdrola Company Filings, last reported 3 months ago.

DB:IBE1 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 47,194.67 39,351.60 2,512.25
2019-09-30 46,028.00 38,116.00 3,115.00
2019-06-30 44,846.45 38,076.13 2,403.40
2019-03-31 45,701.00 38,695.00 3,713.00
2018-12-31 43,976.55 37,752.17 3,298.62
2018-09-30 42,541.00 38,114.00 3,515.00
2018-06-30 43,786.00 37,477.00 3,643.00
2018-03-31 42,678.00 36,910.00 3,683.00
2017-12-31 42,733.19 37,005.28 3,624.89
2017-09-30 42,163.00 36,762.00 2,888.00
2017-06-30 39,506.18 32,165.19 2,431.13
2017-03-31 40,847.00 32,051.00 2,931.00
2016-12-31 40,687.39 31,156.28 2,004.14
2016-09-30 39,428.00 30,963.00 2,890.00
2016-06-30 39,617.73 30,945.21 3,458.12
2016-03-31 40,168.00 29,724.00 1,670.00
2015-12-31 40,956.05 29,444.48 1,717.36
2015-09-30 37,553.00 27,769.00 2,401.00
2015-06-30 38,105.19 27,421.87 2,196.46
2015-03-31 37,506.00 29,645.00 3,175.00
2014-12-31 35,705.30 27,138.90 2,857.55
2014-09-30 36,022.00 28,005.00 4,320.00
2014-06-30 35,689.46 27,371.61 4,223.93
2014-03-31 35,382.00 27,425.00 3,935.00
2013-12-31 35,288.60 27,662.92 1,869.74
2013-09-30 34,970.00 30,308.00 4,780.00
2013-06-30 35,153.00 27,221.00 5,328.00
  • Iberdrola's level of debt (83.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (76% vs 83.4% today).
  • Debt is not well covered by operating cash flow (17.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.3x coverage).
X
Financial health checks
We assess Iberdrola's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Iberdrola has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Iberdrola's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.42%
Current annual income from Iberdrola dividends. Estimated to be 4.9% next year.
If you bought €2,000 of Iberdrola shares you are expected to receive €88 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Iberdrola's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Iberdrola's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:IBE1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:IBE1 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.50 4.00
2023-12-31 0.50 6.00
2022-12-31 0.46 14.00
2021-12-31 0.44 22.00
2020-12-31 0.41 22.00
2020-04-07
DB:IBE1 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-28 0.400 4.333
2020-02-26 0.400 3.720
2019-02-22 0.351 3.997
2019-02-20 0.351 4.756
2018-02-23 0.372 5.715
2018-02-21 0.372 6.201
2017-11-07 0.280 4.310
2017-07-21 0.280 4.141
2017-02-27 0.030 0.444
2016-02-26 0.030 0.503
2015-02-23 0.030 0.484
2015-02-19 0.030 0.507
2014-11-20 0.030 0.521
2014-02-21 0.030 0.566
2013-10-01 0.030 0.656
2013-02-14 0.030 0.742
2012-07-17 0.030 0.823
2012-03-13 0.030 0.838
2012-01-16 0.030 0.658
2011-02-28 0.030 0.572
2011-02-24 0.030 0.493
2010-06-17 0.334 6.091
2010-05-14 0.334 6.541
2010-01-15 0.334 5.641
2009-12-15 0.327 5.060

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Iberdrola's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Iberdrola's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Iberdrola afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Iberdrola has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Iberdrola's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jose Ignacio Sanchez Galan
COMPENSATION €6,231,000
AGE 69
TENURE AS CEO 18.9 years
CEO Bio

Mr. Jose Ignacio Sanchez Galan has been the Chief Executive Officer of Iberdrola, S.A. since May 2001. He serves as the Managing Director of Industria de Turbo Propulsores (ITP) and the Chief Executive Officer of Airtel Móvil (now Vodafone España S.A.U.). He serves as General Manager of Industria de Turbo Propulsores, S.A. (ITP). He has served as Chief Operating Officer of Industria de Turbo Propulsores, S.A. (ITP). He has been an Executive Director of Iberdrola, S.A. since May 21, 2001. He was also a founder of the Matarromera Group. He served as the Chief Executive Officer Iberdrola Renovables S.A. Mr. Sanchez Galán served as various executive and management positions at Sociedad Española del Acumulador Tudor, S.A. (now, Exide Group and served as Chairman & Chief Executive Officer of its European subsidiaries and various companies within its group. He served as Executive Vice President of Iberdrola since May 2001. He served as Chairman of the Board for Avangrid Networks, Inc. He has been the Executive Chairman of Iberdrola, S.A. since April 26, 2006. He serves as the Chairman of the German consortium Eurojet. He serves as the Chairman of Apex Inmobiliaria. He has been Chairman at El Desafío Español 2007, S.A. He serves as Chairman of the Board of Iberdrola Inmobiliaria, S.A.U. Since 2007, he has been the Chairman of Scottish Power Limited. He serves as the Chairman of the Social Board of Universidad de Salamanca. He serves as a Vice Chairman at Corporación Empresarial de Extremadura, S.A. He serves as Director of Industria de Turbo Propulsores, S.A. (ITP). He is a member of the Board of Trustees at the following institutions, among others: Fundación Iberdrola, Fundación Príncipe de Asturias, Fundación Cotec, Aspen Institute, Fundación Carolina,Real Instituto Elcano, Real Patronato Museo del Prado, Fundación Museo Guggenheim de Bilbao, Fundación General Universidad de Salamanca and Fundación Consejo España-Estados Unidos. He serves as Director of Page Ibérica, S.A. and Bodegas Matarromera, a Member of the Board of Trustees of Fundación Universitaria Comillas-ICAI, of the Fundación Universidad Pontificia de Salamanca, of Fundación de Estudios Financieros and of Fundación Premysa and of the Accenture Energy Advisory Board. He serves as a professor at the School of Industrial Engineers at ICAI. He is a visiting professor at the University of Strathclyde, Glasgow and has been on the faculty of Escuela Técnica Superior de Ingeniería (ICAI) of Universidad Pontificia Comillas. He served as Chairman of Iberdrola Renovables SA from November 5, 2007 to 2011. He served as Chairman of the European Eurojet military aerospace consortium, based in Germany. He served as Vice Chairman of Iberdrola, S.A. until April 2006. Mr. Sanchez Galán was also a Director of the Matarromera Group. He served as Director of Galp Energia SGPS SA since July 19, 2001. He served as Director at Red Eléctrica Corporación S A. (Red Electrica De Espana) from June 26, 2001 to June 2005 and its Legal Director until June 2005. He served as Member of the Supervisory Board at Nutreco N.V. (Nutreco Holding N.V.) since May 27, 1999. He was distinguished as Best CEO for European utilities and for Spanish listed companies in the area of investor relations, according to the Thomson Extel Survey 2011 and as Best CEO in European utilities in the 2011 All-Europe Executive Team ranking, prepared by the Institutional Investor Research Group; and he has been appointed Consul of Bilbao by the Bilbao Chamber of Commerce. He was also awarded the 2009 Gold Medal by the Province of Salamanca; the 2008 Business Leader of the Year Award, granted by the Spain-United States Chamber of Commerce; the 2008 International Economy Prize from Fundación Cristóbal Gabarrón and the Best CEO of the Year Award in 2006, as part of the Platts Global Energy Awards. He was also the recipient for five consecutive years (2003-2007) of the Best European Utility Top Executive Award, given by the Institutional Investor Research Group and for three consecutive years (2003-2005) of the Best CEO in Investor Relations Award, given by IR Magazine (awards given on the basis of surveys among stock market analysts and mutual fund managers). He is an Industrial engineer from Escuela Superior de Ingeniería (ICAI) of Universidad Pontificia Comillas (Madrid). He has been awarded honorary doctorate degrees by the Universities of Salamanca and Edinburgh. He has a Graduate degree in Business Administration and Foreign Trade from ICADE of the Universidad Pontificia de Comillas (Madrid) and a Graduate Degree in General Corporate Management and Foreign Trade from the Escuela de Organización Industrial (EOI) of Madrid.

CEO Compensation
  • Jose Ignacio's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jose Ignacio's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Iberdrola management team in years:

5.8
Average Tenure
58
Average Age
  • The average tenure for the Iberdrola management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jose Ignacio Sanchez Galan

TITLE
Executive Chairman & CEO
COMPENSATION
€6M
AGE
69
TENURE
18.9 yrs

Francisco Martinez Corcoles

TITLE
Group Business CEO & Executive Director
COMPENSATION
€2M
AGE
63
TENURE
5.8 yrs

Jose Sáinz Armada

TITLE
Chief Financial Officer
AGE
60

Juan Carlos Rebollo Liceaga

TITLE
Director of Administration & Control
AGE
57

Ignacio Cuenca Arambarri

TITLE
Head of Investor Relations
AGE
58

Santiago Martínez Garrido

TITLE
Director of Legal Servicies & Deputy Secretary
AGE
51
TENURE
4.3 yrs

Pedro Azagra Blázquez

TITLE
Director of Corporate Development
AGE
51

Ramón Castresana

TITLE
Director of Human Resources

Agustín Delgado

TITLE
Chief Innovation & Sustainability Officer

Carlos Sallé Alonso

TITLE
Senior Vice President of Policies and Climate Change - Iberdrola
Board of Directors Tenure

Average tenure and age of the Iberdrola board of directors in years:

7
Average Tenure
60
Average Age
  • The tenure for the Iberdrola board of directors is about average.
Board of Directors

Ines Macho Stadler

TITLE
Non-Executive Vice Chairman
COMPENSATION
€519K
AGE
60
TENURE
1.8 yrs

Jose Ignacio Sanchez Galan

TITLE
Executive Chairman & CEO
COMPENSATION
€6M
AGE
69
TENURE
14 yrs

Joaquim Augusto Nunes de Pina Moura

TITLE
Chairman of Iberdrola Portugal

Francisco Martinez Corcoles

TITLE
Group Business CEO & Executive Director
COMPENSATION
€2M
AGE
63
TENURE
3.1 yrs

Maria Antolin Raybaud

TITLE
Independent Director
COMPENSATION
€499K
AGE
53
TENURE
10.1 yrs

Xabier Sagredo Ormaza

TITLE
Independent Director
COMPENSATION
€474K
AGE
47
TENURE
4 yrs

Juan Gonzalez Serna

TITLE
Lead Independent Director
COMPENSATION
€486K
AGE
64
TENURE
1.8 yrs

Inigo Víctor de Oriol Ibarra

TITLE
Other External Director
COMPENSATION
€310K
AGE
57
TENURE
14 yrs

Samantha Barber

TITLE
Independent Director
COMPENSATION
€524K
AGE
50
TENURE
11.8 yrs

Georgina Kessel Martinez

TITLE
Independent Director
COMPENSATION
€326K
AGE
69
TENURE
7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Jul 19 Buy Denise Holt Individual 24. Jun 19 30. Jul 19 166 €9.15 €1,373
26. Jul 19 Buy Georgina Kessel Martinez Individual 25. Jul 19 25. Jul 19 2,000 €8.66 €17,320
20. Jun 19 Buy Sara De La Rica Goiricelaya Individual 13. Jun 19 13. Jun 19 3,374 €8.90 €30,029
X
Management checks
We assess Iberdrola's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Iberdrola has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Iberdrola, S.A. engages in the generation, transmission, distribution and supply of electricity in Spain and internationally. It generates and markets electrical power using renewable sources, such as onshore and offshore wind, hydro, solar thermal, photovoltaic, biomass, etc. It is also involved in the purchase and sale of electricity and gas on wholesale markets; and distribution of gas. Iberdrola, S.A. is based in Bilbao, Spain.

Details
Name: Iberdrola, S.A.
IBE1
Exchange: DB
Founded:
€58,158,684,543
6,429,215,625
Website: http://www.iberdrola.com
Address: Iberdrola, S.A.
Plaza Euskadi 5,
Bilbao,
Basque Country, 48009,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME IBE Bearer Shares Bolsas y Mercados Espanoles ES EUR 17. Nov 1980
OTCPK IBDS.F Bearer Shares Pink Sheets LLC US USD 17. Nov 1980
DB IBE1 Bearer Shares Deutsche Boerse AG DE EUR 17. Nov 1980
XTRA IBE Bearer Shares XETRA Trading Platform DE EUR 17. Nov 1980
LSE 0HIT Bearer Shares London Stock Exchange GB EUR 17. Nov 1980
BIT IBE Bearer Shares Borsa Italiana IT EUR 17. Nov 1980
WBAG IBE Bearer Shares Wiener Boerse AG AT EUR 17. Nov 1980
BMV IBE N Bearer Shares Bolsa Mexicana de Valores MX MXN 17. Nov 1980
BATS-CHIXE IBEE Bearer Shares BATS 'Chi-X Europe' GB EUR 17. Nov 1980
OTCPK IBDR.Y SPON ADR Pink Sheets LLC US USD 27. Apr 2007
Number of employees
Current staff
Staff numbers
35,058
Iberdrola employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:35
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.