A renewables developer, Acciona Energia was spun off from Spain industrial conglomerate Acciona in July 2021. The floating share is 17.3%. The rationale of the IPO was to revive capacity growth that had been subdued since a 2013 regulatory change in Spain drove a sharp cut in renewables' returns.
Owning long-duration assets, Acciona Energia is favorably exposed to a decline in interest rates.
With about 40% of its capacity located in Spain, Acciona Energia has high exposure to historically negative regulation for utilities and renewables developers.
|
Metric
|
ANE
|
IBE
|
NEOEN
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.59 | 13.24 | 51.72 |
Price/Book Value | 1.24 | 1.45 | 1.74 |
Price/Sales | 2.05 | 1.70 | 8.36 |
Price/Cash Flow | 10.00 | 7.76 | 15.18 |
|
Metric
|
ANE
|
IBE
|
NEOEN
|
|---|---|---|---|
Quick Ratio | 0.82 | 0.60 | 1.14 |
Current Ratio | 1.10 | 0.77 | 1.26 |
Interest Coverage | 6.98 | 4.98 | 2.14 |
|
Metric
|
ANE
|
IBE
|
NEOEN
|
|---|---|---|---|
Return on Assets (Normalized) | 3.50% | 4.79% | 1.17% |
Return on Equity (Normalized) | 8.00% | 14.40% | 3.34% |
Return on Invested Capital (Normalized) | 5.50% | 7.51% | 3.47% |
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Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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