Acciona (ANA) AI Stock Analysis

49 Followers

Acciona

(BME:ANA)

Select Model

Rating:51Neutral

Price Target:EUR 211.00▲(0.19% Upside)

Action:reiterated

Date:08/17/26

The score is held back mainly by financial risk factors (rising leverage and volatile/weak free cash flow despite strong revenue growth) and a clearly bearish technical picture (price below key moving averages with negative MACD and weak RSI/Stoch). Valuation is a partial offset with a reasonable P/E and a moderate dividend yield.

Positive Factors

Strong revenue growthThe sustained expansion of revenue indicates strong project execution and demand across Acciona’s infrastructure and energy activities. A larger revenue base can improve scale, strengthen customer relationships, and support future growth across multiple geographies.

Negative Factors

High and rising leverageDebt has grown substantially while equity remained broadly flat, reducing financial flexibility and increasing sensitivity to refinancing costs or weaker operating performance. High leverage could constrain investment capacity and amplify downside if project returns disappoint.

Acciona (ANA) vs. iShares MSCI Spain ETF (EWP)

Market Cap: EUR 11.39B
Dividend Yield: 2.68%
Average Volume (3M): 90.14K
Price to Earnings (P/E): 31.8
Beta (1Y): 1.15
Revenue Growth: 7.62%
EPS Growth: -56.65%
Country: Spain
Employees: 69,659
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

Acciona Business Overview & Revenue Model

Company Description

Acciona, S.A., a diversified Spanish conglomerate headquartered in Alcobendas, operates globally across the energy, infrastructure, and various other sectors. Its energy division focuses on the entire lifecycle of renewable power generation, encompas...

How the Company Makes Money

Acciona makes money primarily through two core engines: (1) renewable energy and (2) infrastructure and related services. 1) Renewable energy generation and development - Sale of electricity: Acciona earns revenue by generating electricity from its r...

Acciona Financial Statement Overview

Summary

Revenue growth is strong (8.1B in 2021 to 20.2B in 2025 and 21.9B TTM), but profitability quality is mixed (TTM operating margin ~5% vs ~7–10% historically and net margin thin ~3.7%). Risk is elevated due to higher leverage (debt/equity ~3.1x TTM) and weak cash conversion, with volatile free cash flow and low FCF-to-net income (~0.18x TTM).

Income Statement

68Positive

Balance Sheet

47Neutral

Cash Flow

44Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.90B	20.24B	19.19B	17.02B	11.20B	8.10B
Gross Profit	15.28B	10.90B	12.13B	11.56B	7.78B	6.23B
EBITDA	1.75B	2.84B	2.56B	2.42B	1.81B	1.52B
Net Income	360.00M	803.00M	422.00M	541.00M	615.00M	332.00M
Balance Sheet
Total Assets	37.14B	35.85B	34.62B	31.65B	22.59B	19.60B
Cash, Cash Equivalents and Short-Term Investments	5.98B	5.40B	4.82B	3.72B	2.66B	2.53B
Total Debt	14.70B	13.62B	12.56B	11.21B	7.93B	6.88B
Total Liabilities	30.69B	29.44B	28.24B	24.80B	16.29B	14.05B
Stockholders Equity	4.73B	4.71B	4.81B	5.01B	4.88B	4.31B
Cash Flow
Free Cash Flow	89.00M	379.00M	-492.00M	-1.20B	-547.00M	-375.40M
Operating Cash Flow	1.76B	2.15B	2.24B	1.70B	1.65B	572.98M
Investing Cash Flow	-824.00M	-334.00M	-2.46B	-3.21B	-1.94B	-1.09B
Financing Cash Flow	-140.00M	-520.00M	760.00M	2.90B	338.00M	383.63M

Acciona Technical Analysis

Technical Analysis SentimentPositive

Last Price210.60

Price Trends

50DMA209.52Positive

100DMA225.35Negative

200DMA223.64Negative

Market Momentum

MACD-0.95Positive

RSI50.79Neutral

STOCH36.04Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:ANA, the sentiment is Positive. The current price of 210.60 is above the 20-day moving average (MA) of 209.98, above the 50-day MA of 209.52, and below the 200-day MA of 223.64, indicating a neutral trend. The MACD of -0.95 indicates Positive momentum. The RSI at 50.79 is Neutral, neither overbought nor oversold. The STOCH value of 36.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:ANA.

Acciona Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

ES:ANA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ES:GSJ	72Outperform	EUR 470.79M	10.01	18.67%	2.05%	10.84%	67.83%
ES:SCYR	61Neutral	EUR 3.27B	24.64	13.38%	3.16%	3.64%	41.50%
ES:ACS	56Neutral	EUR 24.25B	23.79	19.75%	2.52%	10.46%	14.97%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
ES:TRE	53Neutral	EUR 2.20B	14.18	27.90%	―	32.96%	48.82%
ES:ANA	51Neutral	EUR 11.39B	31.81	7.63%	2.68%	7.62%	-56.65%
ES:OHLA	43Neutral	EUR 495.74M	15.69	5.26%	―	-2.92%	―

* General Sector Average

Performance Comparison

ES:ANA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ES:ANA	Acciona SA	210.60	18.13	9.42%
ES:ACS	Actividades de Construccion y Servicios SA	92.30	18.38	24.87%
ES:OHLA	Obrascon Huarte Lain	0.36	-0.05	-12.41%
ES:SCYR	Sacyr SA	4.11	0.44	11.93%
ES:TRE	Tecnicas Reunidas	28.64	-0.22	-0.76%
ES:GSJ	Grupo Empresarial San Jose, S.A.	7.11	0.09	1.25%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026

Acciona AI Stock Analysis