spanish companies

Spain IPOs are successful

Spain IPOs do work: six out of the last seven have had a positive outcome

In Spain, there has been a kind of urban legend that IPOs don’t work and investors end up losing money. This has possibly been the case in the past, but not now. And perhaps this is because most of the current IPOs are almost exclusively aimed at institutional investors, so operations need to be more fine-tuned.


spanish companies are international

Spanish Companies Are Busy, Busy: Particularly Overseas

Spanish companies like Santander, Zara, Freixenet, ACS, Repsol, Roca, Iberdrola, Abertis, Telefónica, Melia or Ferrovial, to mention only a very few, are the companies which are behind this internationalisation of our country’s economy. Over the last few years, they have given a considerable boost to the Spanish economy’s presence across the globe.


The average weighted PER ratio is 18,2x (up 11.8% from end-2015)

August 2016: assisted recovery

José A. Santos (Patrivalor) | The value of the 60 Spanish companies listed on the stock market stood at 536.499 billion euros at end-July 2016, down 9.0% from end-2015, Patrivalor says.


spain-tranquility

Spain has reason to be tranquil

The direct impact of the global slowdown in Spain is being offset by the positive indirect effects on private consumption. High GDP growth rates will be maintained in 2015 and 2016, but these will moderate progressively, with economic growth seen falling to 2.8% from 3.1% in 2015 as reported by Bank of Spain last week.





Repsol's Josu Jon Imaz and Antoni Brufau

Spanish Repsol ratifies its Executive Management team

MADRID | April 27, 2015 | By Fernando G. Urbaneja | At his own pace, without giving up to noisy external pressures, Repsol Chairman Antonio Brufau established an executive management model with a clear separation between the chairman of the Board and the executive team –entrusted to a CEO with full authority. That had been a claim of significant shareholders of the Spanish oil firm and some investment funds, although for different reasons. 


Ibex 35

Non-financial Ibex trading at 20x PE of the current year

The Corner | April 14, 2015 | At first sight the Spanish Ibex multiple does not seem particularly stressed (16.2 x PE 12 months forward with a premium of 15% against historical series). But analysts believe that it is actually being affected by optimistic earnings estimates, especially in the banking sector.

 


Investors

Bankinter: Spain’s Ibex to reach 12,878 points (+12%) in 2015

The Corner | March 30, 2015 | While much of the attention is focused on bonds, it should also be noted that stocks and real estate market are also worth more. How much? Bankinter analysts forecast that Spain’s Ibex will reach 12,878 points (potential + 12%) in 2015; EuroStoxx50, 4,338 (+ 18%); S&P 500, 2,333 (+ 10%). The Japanese Nikkei remains the least attractive option at 20.305 (+ 4%).