Iberdrola SA IBE

Stock XMAD Rating as of Jul 17, 2026

€21.25 +0.28 (1.34%)

As of Jul 17, 2026, 3:35:21 PM Delayed Price Closed

Company Report

Iberdrola's Attractive Earnings and Dividend Outlook Is Excessively Priced In

Tancrede Fulop Mar 11, 2026

Iberdrola is the second-biggest integrated utility in Europe after Enel. Besides its domestic Spanish market, Iberdrola has strong exposure to the United Kingdom since the acquisition of Scottish Power in 2007. It is the European utility with the second largest exposure to the United States after National Grid thanks to its wind development and the acquisition of UIL in 2015. Its US assets used to be grouped in subdsidiary Avangrid that Iberdrola delisted in 2024.

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Price vs Fair Value

View History

IBE is trading at a LOCK|>@w>&v premium.

Price

€21.25

Jul 17, 2026

Fair Value

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Mar 11, 2026

Uncertainty

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1-Star Price: LOCK|.X#<
5-Star Price: LOCK|.s@
Economic Moat: LOCK|qHX
Capital Allocation: LOCK|ZKT#c^^

Bulls Say, Bears Say

Bulls

Iberdrola has one of the best track records among European diversified utilities. It managed to shift from a Spanish domestic utility to one of the largest international utilities thanks to successful acquisitions.

Bears

Rising grid investments inflate electricity bills in the UK, fueling public anger. A victory for the Reform UK party could lead to unfavorable regulations and lower allowable investments under RII0-ED2 starting in 2028.

Trading Information

Previous Close Price: €20.97
Day Range: €20.97–21.40
52-Week Range: €15.10–22.08
Bid/Ask: €21.00 / €21.40
Shares Outstanding: 6.58B
Market Cap: €139.72B
Volume/Avg: 9M / 11M

Key Statistics

Price/Earnings (Normalized): 24.52
Price/Sales: 3.31
Dividend Yield (Trailing): 3.20%
Dividend Yield (Forward): 3.20%
Total Yield: 3.24%

Company Profile

Iberdrola is one of the largest utilities in the world with electric utility operations in nearly 40 countries. The company has a 58-gigawatt portfolio of hydro, wind, natural gas, and nuclear power plants. It is one of the largest owners 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 more than half of its power generation capacity. Iberdrola also owns and operates electricity distribution and transmission networks in Spain, the UK, Brazil, and the US.

Sector: Utilities
Industry: Utilities - Diversified
Stock Style Box: Large Core
Total Number of Employees: 45,339
Website: https://www.iberdrola.com

Competitors

Valuation

Metric	IBE	NEE	EDP
Price/Earnings (Normalized)	24.52	23.31	16.75
Price/Book Value	2.34	3.35	1.59
Price/Sales	3.31	6.62	1.19
Price/Cash Flow	11.38	13.87	5.11

Price/Earnings

IBE

NEE

EDP

Financial Strength

Metric	IBE	NEE	EDP
Quick Ratio	0.58	0.32	1.03
Current Ratio	0.82	0.54	1.24
Interest Coverage	4.12	2.42	1.83

Quick Ratio

IBE

NEE

EDP

Profitability

Metric	IBE	NEE	EDP
Return on Assets (Normalized)	4.24%	3.84%	2.72%
Return on Equity (Normalized)	12.75%	14.96%	13.11%
Return on Invested Capital (Normalized)	6.83%	7.01%	5.50%

Return on Assets

IBE

NEE

EDP

Utilities - Diversified Industry Comparables

Screen With Investor

Name	Capital Allocation	Economic Moat	Market Cap
Iberdrola SA IBDSF	—	LOCK\|&SJ	$160B
Iberdrola SA ADR IBDRY	LOCK\|QBFzkq	LOCK\|Bj	$160B
Enel SpA ESOCF	LOCK\|J^Cv>vC	LOCK\|FBR	$115B
Enel SpA ADR ENLAY	LOCK\|Nr&clwY	LOCK\|Db	$115B
Engie SA ADR ENGIY	LOCK\|Fd!q<&	LOCK\|@cM	$78B
Engie SA ENGQF	—	LOCK\|M#<	$78B
Sempra SRE	LOCK\|%#b&H>^	LOCK\|cQg$n	$60B
E.ON SE ADR EONGY	LOCK\|>$^wfN	LOCK\|vB?PR	$58B
E.ON SE ENAKF	—	LOCK\|x%r#	$58B
The AES Corp AES	LOCK\|&%jJ!FN	LOCK\|&!?	$11B