Skip to Content
Morningstar

Iberdrola SA IBE

Morningstar Rating
Unlock
Stock XMAD Rating as of
€12.10 +0.02 (0.17%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Iberdrola: Avangrid Accepts Takeover Bid After a Modest Increase in the Price Proposed

Tancrede Fulop

We confirm our EUR 12 fair value estimate for no-moat Iberdrola after it raised its takeover price for the 18.4% of Avangrid shares it does not own by 4.4% from $34.25 to $35.75 per share, very close to our $36 assumption. The proposal was accepted by Avangrid's board of directors on May 17. The deal will result in cash outlays of $2.55 billion or EUR 2.35 billion for Iberdrola at the current exchange rate. We calculate that it will be EPS-accretive by 2%. We see Iberdrola shares as fairly valued.

Read Full Report

Price vs Fair Value

View History
IBE is trading within a range we consider fairly valued.
Price
€12.10
Fair Value
€43.00
Uncertainty
Medium
1-Star Price
€12.80
5-Star Price
€5.90
Economic Moat
Khc
Capital Allocation
Rzhqyqwnp

Bulls Say, Bears Say

Bulls

Iberdrola has one of the best records among European diversified utilities. Its early entry into onshore wind enabled the group to become the world's largest operator/owner of wind farms.

Bears

Spain is the Western European country with the harshest regulation for utilities.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if IBE is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
€12.08
Day Range
€11.92–12.10
52-Week Range
€9.88–12.43
Bid/Ask
— / —
Market Cap
€76.10 Bil
Volume/Avg
51.4 Mil / 12.4 Mil

Key Statistics

Price/Earnings (Normalized)
12.99
Price/Sales
1.67
Dividend Yield (Trailing)
4.25%
Dividend Yield (Forward)
4.25%
Total Yield
7.81%

Company Profile

Iberdrola is one of the largest utilities in the world with electric utility operations in nearly 40 countries. The company has a 56-gigawatt portfolio of hydro, wind, natural gas, and nuclear power plants. It is the largest owner of wind farms in the world, representing about 40% of its portfolio. Although the company has recently developed or acquired distribution and power generation assets in other geographic areas, Spain is still home to around 50% of its power generation capacity. Iberdrola also owns and operates electricity and distribution networks in Spain, the UK, Brazil, and the US.
Sector
Utilities
Industry
Utilities - Diversified
Stock Style Box
Large Core
Total Number of Employees
41,448
Website
https://www.iberdrola.com

Competitors

Valuation

View More
Metric
IBE
ENEL
ELE
Price/Earnings (Normalized)
 12.9915.2225.04
Price/Book Value
 1.432.452.72
Price/Sales
 1.670.770.76
Price/Cash Flow
 7.614.415.17
Price/Earnings
IBE
ENEL
ELE

Financial Strength

Metric
IBE
ENEL
ELE
Quick Ratio
 0.600.600.87
Current Ratio
 0.770.881.10
Interest Coverage
 4.983.506.61
Quick Ratio
IBE
ENEL
ELE

Profitability

Metric
IBE
ENEL
ELE
Return on Assets (Normalized)
 4.79%3.49%4.12%
Return on Equity (Normalized)
 14.40%26.69%35.63%
Return on Invested Capital (Normalized)
 7.51%7.14%10.95%
Return on Assets
IBE
ENEL
ELE
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Utilities - Diversified Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
IBDSF
Iberdrola SA—Mscxg$82.4 Bil
IBDRY
Iberdrola SA ADRGDRgyzv$82.4 Bil
ESOCF
Enel SpAZbthvkfxVsmk$72.6 Bil
ENLAY
Enel SpA ADRSqncwmvJkxsq$72.6 Bil
SRE
SempraYtxhkvyyQshzrkn$48.7 Bil
ENGIY
Engie SA ADR—Znyys$40.8 Bil
ENGQF
Engie SA—Qffzv$40.2 Bil
EONGY
E.ON SE ADRNyxzdtkvMfppz$34.7 Bil
ENAKF
E.ON SE—Bvbd$34.7 Bil
AES
The AES CorpPtbjnwhBbtvz$15.3 Bil

Sponsor Center