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Iberdrola
(OTC:IBDRY)
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Rating:63Neutral
Price Target:
$102.00
▲(8.56% Upside)
Action:Reiterated
Date:10/21/26
The score is anchored by mixed financial performance—stronger profitability but weaker revenue trends and notably softer free cash flow—which limits financial flexibility. Technicals are moderately constructive with the stock trading above major moving averages and positive MACD. The latest earnings call meaningfully supports the outlook via raised guidance and strong regulated-network investment momentum, while valuation is reasonable with a supportive dividend yield.
Positive Factors
Regulated Networks Expansion
Regulated networks provide a comparatively stable earnings foundation, and the 15% EBITDA growth shows current operating momentum. Planned RAB expansion of around 60% by 2030 should enlarge the asset base generating regulated returns, supporting durable growth and investment visibility.
Negative Factors
Weak Revenue Trend
Recent sales contraction creates uncertainty around the breadth and durability of top-line growth, even as margins improve. Persistent revenue weakness can limit operating leverage and make earnings more dependent on regulated expansion, cost control, or favorable pricing changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated Networks Expansion
Regulated networks provide a comparatively stable earnings foundation, and the 15% EBITDA growth shows current operating momentum. Planned RAB expansion of around 60% by 2030 should enlarge the asset base generating regulated returns, supporting durable growth and investment visibility.
Read all positive factors
Iberdrola (IBDRY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$157.25B
Dividend Yield3.26%
Average Volume (3M)5.67K
Price to Earnings (P/E)19.8
Beta (1Y)-0.05
Revenue Growth8.55%
EPS Growth42.44%
CountryUS
Employees45,400
SectorUtilities
Sector Strength65
IndustryDiversified Utilities
Share Statistics
EPS (TTM)4.24
Shares Outstanding1,668,285,400
10 Day Avg. Volume9,179
30 Day Avg. Volume5,667
Financial Highlights & Ratios
PEG Ratio2.86
Price to Book (P/B)2.45
Price to Sales (P/S)2.81
P/FCF Ratio107.37
Enterprise Value/Market Cap1.46
Enterprise Value/Revenue5.08
Enterprise Value/Gross Profit13.26
Enterprise Value/Ebitda12.68
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.65
Revenue Forecast (FY)$51.49B
Iberdrola Business Overview & Revenue Model
Company Description
Iberdrola, S.A. is a prominent energy utility based in Spain, conducting electricity generation, transmission, distribution, and supply operations both domestically and across various international markets. The company harnesses a diverse portfoli...
How the Company Makes Money
Iberdrola makes money primarily through three major business areas: (1) regulated electricity networks, (2) electricity generation (with a significant share from renewables), and (3) customer-facing energy supply and services. In its networks busi...
Iberdrola Earnings Call Summary
Earnings Call Date:Oct 21, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 24, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. Profit, EBITDA, network performance, investment, regulated asset growth, dividend, financial strength, capacity additions, and full-year guidance all improved, while management described a supportive long-term electrification and investment environment. The main challenges were a decline in power and customers EBITDA, higher procurement and financial costs, foreign exchange headwinds, lower performance in Iberia and the rest of the world, and selected regulatory or project timing uncertainties.Positive Updates
Strong Net Profit Growth
Reported net profit increased 10% to EUR 5,816 million in the first 9 months of 2026, while adjusted net profit rose 9% to EUR 5,141 million. Excluding foreign exchange impacts, adjusted net profit growth would have been 13%.
Negative Updates
Power and Customers EBITDA Decline
Power and customers adjusted EBITDA decreased 2% to EUR 5.4 billion for the first 9 months. The business was affected by higher electricity procurement costs because demand increased while electricity had been sold at prices fixed in 2025.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Net Profit Growth
Reported net profit increased 10% to EUR 5,816 million in the first 9 months of 2026, while adjusted net profit rose 9% to EUR 5,141 million. Excluding foreign exchange impacts, adjusted net profit growth would have been 13%.
Read all positive updates
Company Guidance
Iberdrola improved its guidance for full year 2026 results to more than 10% growth in adjusted net profit and is targeting to maintain a 10% average growth rate in adjusted net profit over the next 5 years; it expects an additional 15% increase in network RAB up to December, 3,300 megawatts already installed in the last 12 months and 1,500 additional megawatts operational in the fourth quarter, with higher prices expected year-end and in 2027, and expects to increase its regulated base by around 60% up to 2030, reaching more than EUR 90 billion, while power and customers is expected to add 15 gigawatts of new capacity between '25 and 2030, of which 60% are already installed or under construction, including 1.5 gigawatts starting operation already in the fourth quarter of 2026, another 2.3 gigawatts in 2027 and 2028, and up to 6.5 gigawatts commissioned in '28, '29, and 2030; Neoenergia will invest EUR 9 billion in distribution up to 2030, and Spain’s distribution investment is expected to be in the range of EUR 1.2 billion in 2027, which is more than 50% of that one being made in 2025.Iberdrola Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
57
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.14B | 43.75B | 44.74B | 49.34B | 53.95B | 39.11B |
| Gross Profit | 17.31B | 11.19B | 23.88B | 23.30B | 20.20B | 17.06B |
| EBITDA | 18.09B | 15.26B | 15.10B | 13.75B | 12.79B | 11.78B |
| Net Income | 7.05B | 6.04B | 5.61B | 4.80B | 4.34B | 3.88B |
Balance Sheet | ||||||
| Total Assets | 165.10B | 160.69B | 158.29B | 150.03B | 154.67B | 141.75B |
| Cash, Cash Equivalents and Short-Term Investments | 6.61B | 6.34B | 4.57B | 3.81B | 7.47B | 5.52B |
| Total Debt | 62.47B | 59.77B | 57.73B | 63.93B | 50.42B | 44.27B |
| Total Liabilities | 102.66B | 97.30B | 97.24B | 89.74B | 96.55B | 85.63B |
| Stockholders Equity | 50.85B | 50.05B | 47.13B | 43.11B | 41.12B | 40.48B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.14B | 2.05B | 4.25B | 3.66B | 1.19B |
| Operating Cash Flow | 0.00 | 8.45B | 11.93B | 12.13B | 10.44B | 8.11B |
| Investing Cash Flow | 0.00 | -11.30B | -8.40B | -9.69B | -10.15B | -9.49B |
| Financing Cash Flow | 0.00 | 2.69B | -2.27B | -4.09B | 151.00M | 1.87B |
Iberdrola Technical Analysis
Positive
93.96
Price Trends
93.85
Positive
94.33
Positive
92.05
Positive
Market Momentum
0.90
Negative
62.10
Neutral
59.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IBDRY, the sentiment is Positive. The current price of 93.96 is below the 20-day moving average (MA) of 95.01, above the 50-day MA of 93.85, and above the 200-day MA of 92.05, indicating a bullish trend. The MACD of 0.90 indicates Negative momentum. The RSI at 62.10 is Neutral, neither overbought nor oversold. The STOCH value of 59.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IBDRY.
Iberdrola Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $164.50B | 14.03 | 20.37% | 3.04% | 12.33% | ― | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | $157.25B | 19.76 | 13.54% | 3.26% | 8.55% | 42.44% | |
63 Neutral | $94.09B | 18.12 | 9.88% | 3.44% | 6.33% | 8.98% | |
62 Neutral | $103.98B | 21.68 | 12.61% | 3.25% | 6.40% | 6.90% | |
60 Neutral | $54.15B | 24.06 | 7.14% | 3.13% | 0.88% | -16.61% | |
59 Neutral | $81.45B | 18.30 | 8.47% | 4.01% | 1.13% | 13.83% |
* Utilities Sector Average
IBDRY
Iberdrola
97.37
19.81
25.55%
DUK
Duke Energy
125.40
2.35
1.91%
NGG
National Grid Transco
82.64
8.69
11.75%
NEE
NextEra Energy
81.90
-0.15
-0.18%
SRE
Sempra Energy
84.77
-5.30
-5.88%
SO
Southern Co
93.82
1.00
1.08%
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.