Calculating The Intrinsic Value Of Naturgy Energy Group, S.A. (BME:NTGY)
Jun 16
Spanish (IBEX) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies234
- 7D-0.5%
- 3M3.8%
- 1Y15.2%
- YTD7.9%
Over the last 7 days, the market has remained flat, although notably the Communication Services sector declined by 4.3%. As for the longer term, the market has risen 15% in the past 12 months. Looking forward, earnings are forecast to grow by 9.4% annually.
Market Valuation and Performance
Has the Spanish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | €758.4b | €564.7b | €53.5b | 17.7x | 14.2x | 1.3x |
| Fri, 17 May 2024 | €767.6b | €563.6b | €53.5b | 16.5x | 14.4x | 1.4x |
| Sun, 14 Apr 2024 | €713.3b | €559.8b | €50.5b | 15.9x | 14.1x | 1.3x |
| Tue, 12 Mar 2024 | €689.2b | €560.2b | €50.6b | 15.6x | 13.6x | 1.2x |
| Thu, 08 Feb 2024 | €669.3b | €558.3b | €56.1b | 15.3x | 11.9x | 1.2x |
| Sat, 06 Jan 2024 | €691.2b | €557.4b | €53.9b | 15.4x | 12.8x | 1.2x |
| Mon, 04 Dec 2023 | €690.3b | €557.7b | €53.7b | 15.4x | 12.9x | 1.2x |
| Wed, 01 Nov 2023 | €619.7b | €563.1b | €53.6b | 14.5x | 11.6x | 1.1x |
| Fri, 29 Sep 2023 | €647.8b | €569.3b | €51.1b | 14.8x | 12.7x | 1.1x |
| Sun, 27 Aug 2023 | €644.4b | €569.3b | €51.2b | 15.2x | 12.6x | 1.1x |
| Tue, 25 Jul 2023 | €658.8b | €578.0b | €51.0b | 16.8x | 12.9x | 1.1x |
| Thu, 22 Jun 2023 | €621.2b | €535.5b | €41.9b | 17.4x | 14.8x | 1.2x |
| Sat, 20 May 2023 | €637.9b | €575.7b | €50.8b | 18.3x | 12.6x | 1.1x |
| Mon, 17 Apr 2023 | €646.2b | €561.2b | €49.8b | 17.5x | 13x | 1.2x |
| Wed, 15 Mar 2023 | €634.9b | €564.0b | €49.5b | 17.2x | 12.8x | 1.1x |
| Fri, 10 Feb 2023 | €632.0b | €523.8b | €44.5b | 17.5x | 14.2x | 1.2x |
| Sun, 08 Jan 2023 | €596.6b | €522.8b | €42.5b | 16.9x | 14x | 1.1x |
| Tue, 06 Dec 2022 | €577.2b | €521.8b | €42.4b | 17.4x | 13.6x | 1.1x |
| Thu, 03 Nov 2022 | €570.5b | €524.5b | €44.4b | 15.3x | 12.8x | 1.1x |
| Sat, 01 Oct 2022 | €531.4b | €515.7b | €43.2b | 14.9x | 12.3x | 1x |
| Mon, 29 Aug 2022 | €581.8b | €514.0b | €42.9b | 17.3x | 13.6x | 1.1x |
| Wed, 27 Jul 2022 | €589.8b | €489.4b | €43.9b | 16.9x | 13.4x | 1.2x |
| Fri, 24 Jun 2022 | €586.9b | €488.5b | €43.9b | 16.3x | 13.4x | 1.2x |
| Sun, 22 May 2022 | €608.1b | €482.9b | €43.1b | 17.8x | 14.1x | 1.3x |
| Tue, 19 Apr 2022 | €622.8b | €463.7b | €44.8b | 18.7x | 13.9x | 1.3x |
| Thu, 17 Mar 2022 | €601.9b | €461.5b | €44.5b | 18.8x | 13.5x | 1.3x |
| Sat, 12 Feb 2022 | €630.7b | €445.1b | €45.1b | 19.9x | 14x | 1.4x |
| Mon, 10 Jan 2022 | €635.9b | €441.6b | €41.3b | 22.3x | 15.4x | 1.4x |
| Wed, 08 Dec 2021 | €616.6b | €440.1b | €40.9b | 20x | 15.1x | 1.4x |
| Fri, 05 Nov 2021 | €655.7b | €435.4b | €37.5b | 19.9x | 17.5x | 1.5x |
| Sun, 03 Oct 2021 | €640.0b | €424.7b | €35.3b | 23.3x | 18.1x | 1.5x |
| Tue, 31 Aug 2021 | €641.1b | €421.7b | €34.5b | 23.5x | 18.6x | 1.5x |
| Wed, 07 Jul 2021 | €633.1b | €419.3b | €34.2b | 20.9x | 18.5x | 1.5x |
Price to Earnings Ratio
18.5x
Current Market PE
- Investors are relatively neutral on the Spanish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 14.0x.
Past Earnings Growth
- The earnings for Spanish listed companies have grown 16% per year over the last three years.
- Revenues for these companies have grown 10% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Spanish Market?
| ES Market | -0.55% | |
| Consumer Discretionary | 1.62% | |
| Consumer Staples | 0.99% | |
| Industrials | 0.60% | |
| Energy | 0.40% | |
| Utilities | -0.0048% | |
| Real Estate | -0.11% | |
| Materials | -0.30% | |
| Healthcare | -0.65% | |
| Tech | -2.40% | |
| Financials | -2.74% | |
| Telecom | -4.28% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 34.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 28.8%, which is higher than its past year's earnings growth of 4.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 55% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Energy industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ITX Industria de Diseño Textil | €46.86 | 3.1% +€4.3b | 37.4% | PE26.5x | Consumer Discretionary | |
| FER Ferrovial | €36.36 | 2.1% +€556.7m | 23.2% | PE60.7x | Industrials | |
| AENA Aena S.M.E | €184.90 | 2.0% +€555.0m | 25.1% | PE15.8x | Industrials | |
| ELE Endesa | €18.76 | 2.7% +€528.8m | -11.3% | PE45.1x | Utilities | |
| PUIG Puig Brands | €26.90 | 1.5% +€212.6m | n/a | PE30.7x | Consumer Staples |
