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Iberdrola
(BME:IBE)
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Rating:60Neutral
Price Target:
€21.50
▲(6.81% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid and improving profitability and steady net income growth, but is held back by multi-year revenue contraction, a debt-heavy capital structure, and a sharp 2025 deterioration in free cash flow. Technical indicators also point to weak near-term momentum, while valuation and the dividend yield provide moderate support.
Positive Factors
Improving Profitability
Higher margins and steady net income growth indicate stronger earnings quality and operating efficiency. If sustained, this profitability can support reinvestment in networks and renewables while improving resilience against variable power prices.
Negative Factors
Multi-Year Revenue Contraction
Persistent top-line contraction raises questions about the durability of growth despite improving margins. Continued revenue pressure could limit operating leverage, reduce funds available for expansion and make earnings more dependent on efficiency gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
Higher margins and steady net income growth indicate stronger earnings quality and operating efficiency. If sustained, this profitability can support reinvestment in networks and renewables while improving resilience against variable power prices.
Read all positive factors
Iberdrola (IBE) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€131.17B
Dividend Yield3.45%
Average Volume (3M)6.81M
Price to Earnings (P/E)18.2
Beta (1Y)0.43
Revenue Growth0.95%
EPS Growth33.17%
CountryES
Employees44,573
SectorGeneral
Sector StrengthN/A
IndustryDiversified Utilities
Share Statistics
EPS (TTM)1.09
Shares Outstanding6,673,141,600
10 Day Avg. Volume6,899,208
30 Day Avg. Volume6,810,477
Financial Highlights & Ratios
PEG Ratio2.44
Price to Book (P/B)2.46
Price to Sales (P/S)2.80
P/FCF Ratio103.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€20.19Price Target Upside0.29% Upside
Rating ConsensusHold
Number of Analyst Covering11
EPS Forecast (FY)1.01
Revenue Forecast (FY)€45.35B
Iberdrola Business Overview & Revenue Model
Company Description
Headquartered in Bilbao, Spain, Iberdrola, S.A. is a long-standing energy company, established in 1840. It is actively involved in the entire electricity value chain, encompassing power generation, transmission, distribution, and retail supply, bo...
How the Company Makes Money
Iberdrola makes money primarily through a combination of regulated network revenues and market-based electricity generation and supply activities, complemented by other energy-related services.
1) Regulated electricity networks (transmission and ...
Iberdrola Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.27B | 44.08B | 44.74B | 49.34B | 53.95B | 39.11B |
| Gross Profit | 14.21B | 24.05B | 23.88B | 23.30B | 20.20B | 17.06B |
| EBITDA | 17.55B | 15.39B | 14.56B | 13.92B | 12.77B | 11.80B |
| Net Income | 7.06B | 6.29B | 5.61B | 4.80B | 4.34B | 3.88B |
Balance Sheet | ||||||
| Total Assets | 165.10B | 160.76B | 158.29B | 150.03B | 154.67B | 141.75B |
| Cash, Cash Equivalents and Short-Term Investments | 6.61B | 6.35B | 4.57B | 5.47B | 7.47B | 8.40B |
| Total Debt | 62.47B | 59.79B | 57.73B | 61.65B | 50.42B | 44.27B |
| Total Liabilities | 102.66B | 97.34B | 97.24B | 89.74B | 96.55B | 85.63B |
| Stockholders Equity | 50.85B | 50.07B | 47.13B | 43.11B | 41.12B | 40.48B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.19B | 3.72B | 4.41B | 3.66B | 1.19B |
| Operating Cash Flow | 0.00 | 8.80B | 11.93B | 12.13B | 10.44B | 8.11B |
| Investing Cash Flow | 0.00 | -11.77B | -8.40B | -9.07B | -10.15B | -9.49B |
| Financing Cash Flow | 0.00 | 2.80B | -2.27B | -2.35B | 151.00M | 1.87B |
Iberdrola Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €42.41B | 16.36 | 31.00% | 3.82% | -1.29% | 26.14% | |
69 Neutral | €28.57B | 13.52 | 23.71% | 5.99% | ― | ― | |
69 Neutral | €29.92B | 8.95 | 14.10% | 3.73% | 10.40% | 396.76% | |
63 Neutral | €2.23B | 12.31 | 22.94% | 2.46% | 36.20% | 42.26% | |
60 Neutral | €131.17B | 18.25 | 14.10% | 3.45% | 0.95% | 33.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €11.10B | 30.69 | 7.63% | 2.70% | 7.62% | -56.65% |
* General Sector Average
ES:IBE
Iberdrola
19.83
4.56
29.91%
ES:ANA
Acciona
209.20
42.76
25.69%
ES:ELE
Endesa SA
41.43
16.49
66.13%
ES:NTGY
Naturgy Energy Group, S.A.
29.54
4.51
18.00%
ES:REP
Repsol
28.17
14.41
104.78%
ES:SLR
Solaria Energia y Medio Ambiente
17.19
4.45
34.93%
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.