Financials Corporación Acciona Energías Renovables, S.A.

Equities

ANE

ES0105563003

Electric Utilities

Market Closed - BME 09:05:22 29/04/2024 pm IST After market 11:30:23 pm
19.62 EUR +1.82% Intraday chart for Corporación Acciona Energías Renovables, S.A. 19.62 +0.03%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 10,727 11,894 9,242 6,294 - -
Enterprise Value (EV) 1 12,696 13,919 9,242 10,493 10,900 10,903
P/E ratio 29.6 x 15.7 x - 15.2 x 15.7 x 17.1 x
Yield 0.86% 1.94% - 2.26% 2.17% 2.15%
Capitalization / Revenue 4.34 x 2.73 x 2.61 x 1.92 x 1.95 x 1.95 x
EV / Revenue 5.14 x 3.2 x 2.61 x 3.19 x 3.37 x 3.38 x
EV / EBITDA 11.8 x 8.29 x 7.19 x 8.16 x 8.32 x 8.2 x
EV / FCF 87.8 x -47 x - -12.5 x -15.1 x -12.8 x
FCF Yield 1.14% -2.13% - -8.03% -6.61% -7.81%
Price to Book 2.16 x 2.03 x - 1.02 x 0.97 x 0.95 x
Nbr of stocks (in thousands) 3,29,251 3,29,121 3,29,120 3,26,608 - -
Reference price 2 32.58 36.14 28.08 19.27 19.27 19.27
Announcement Date 23/02/22 27/02/23 29/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 2,472 4,351 3,547 3,286 3,233 3,222
EBITDA 1 - 1,079 1,680 1,285 1,285 1,310 1,330
EBIT 1 - 695.2 1,225 917 742.2 747.3 730.4
Operating Margin - 28.12% 28.16% 25.85% 22.59% 23.11% 22.67%
Earnings before Tax (EBT) 1 - 562.4 1,057 776 573.5 560.8 544.1
Net income 1 198.8 363 758.7 - 405.8 393.7 372.8
Net margin - 14.68% 17.44% - 12.35% 12.18% 11.57%
EPS 2 0.6000 1.100 2.300 - 1.272 1.229 1.128
Free Cash Flow 1 - 144.6 -296 - -842.6 -720.7 -851.3
FCF margin - 5.85% -6.8% - -25.64% -22.29% -26.42%
FCF Conversion (EBITDA) - 13.4% - - - - -
FCF Conversion (Net income) - 39.82% - - - - -
Dividend per Share 2 - 0.2801 0.7000 - 0.4358 0.4188 0.4139
Announcement Date 28/05/21 23/02/22 27/02/23 29/02/24 - - -
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 27/07/22 23/02/22 23/02/22 27/07/22 27/07/22 27/02/23 27/02/23 27/07/23 - - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 1,969 2,025 - 4,199 4,606 4,609
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - 1.826 x 1.206 x - 3.267 x 3.515 x 3.465 x
Free Cash Flow 1 - 145 -296 - -843 -721 -851
ROE (net income / shareholders' equity) - 9.57% 14% - 6.37% 5.44% 5.53%
ROA (Net income/ Total Assets) - 3.56% 6.62% - 2.61% 2.4% 2.12%
Assets 1 - 10,201 11,456 - 15,554 16,379 17,600
Book Value Per Share 2 - 15.10 17.80 - 19.00 19.90 20.40
Cash Flow per Share 2 - 2.620 4.080 - 3.020 2.810 2.770
Capex 1 - 721 1,640 - 1,625 1,329 1,313
Capex / Sales - 29.18% 37.69% - 49.45% 41.1% 40.74%
Announcement Date 28/05/21 23/02/22 27/02/23 29/02/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
19.27 EUR
Average target price
25.91 EUR
Spread / Average Target
+34.48%
Consensus

Quarterly revenue - Rate of surprise

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