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.
The average weighted target price of these stocks is 20,9€ (an increase of 13.6% so far this year), while the average weighted share price is 18,8€ (up 16.6%). So the average weighted discount between the share price and the target price is 10.3%.
The average weighted PER ratio is 18,2x (up 11.8% from end-2015), Patrivalor notes.
The average recommendation is 2,76 points, which implies a slight bias on the buy side compared with end-2015. (Between 1 and 2 points implies a “definite buy” and between 3.5 and 5 points a “definite sell”).
There are currently 19 stocks with a buy recommendation (between 1 and 2 points), compared with 22 at end-2015. These are: Inditex, Amadeus, IAG, Viscofan, Melia Hotels, Faes, Pharma Mar, Acerinox, Ence, Tubacex, Acciona, Merlin Properties, Inmobiliaria Colonial, Iberdrola, Red Eléctrica, Enagas, Solaria, Catalana Occidente and Bolsas y Mercados.
There are 10 stocks with a sell recommendation (between 3.5 and 5 points) compared with 15 at end-2015. These are: Prisa, Arcelor, Zardoya, Elecnor, Cementos Portland, Uralita/Coemac, Abengoa, OHL, Banco Sabadell and Banco Popular.
|
Stocks |
Target Price |
EPS |
Recommendation |
| TELEFONICA |
11,31 |
1,07 |
3,00 |
| BANCO SANTANDER |
4,93 |
0,51 |
3,00 |
| BBVA |
6,50 |
0,68 |
3,00 |
| INDITEX |
33,34 |
1,02 |
2,00 |
| IBERDROLA |
6,95 |
0,41 |
1,50 |
| AMADEUS |
45,00 |
1,91 |
1,50 |
| IAG |
9,79 |
1,04 |
2,00 |
| GRIFOLS |
23,40 |
2,13 |
3,00 |
| MEDIASET – TELECINCO |
12,00 |
0,52 |
3,00 |
| CELLNEX TELECOM |
13,60 |
0,34 |
3,00 |
| DIA |
6,50 |
0,43 |
2,50 |
| PROSEGUR |
4,60 |
0,31 |
3,00 |
| EBRO FOODS |
19,60 |
1,11 |
3,00 |
| ALMIRALL |
17,35 |
0,64 |
3,00 |
| VISCOFAN |
62,20 |
1,00 |
2,00 |
| MELIA HOTELS |
12,58 |
0,40 |
1,00 |
| ATRESMEDIA |
14,70 |
0,67 |
3,00 |
| NH HOTELES |
5,97 |
0,10 |
3,00 |
| FAES |
3,00 |
0,12 |
2,00 |
| PHARMAMAR (ZELTIA) |
3,85 |
0,08 |
2,00 |
| PRISA |
1,70 |
0,55 |
5,00 |
| DEOLEO / GRUPO SOS |
0,36 |
0,02 |
3,00 |
| ARCELOR |
4,40 |
0,21 |
4,00 |
| REPSOL |
14,03 |
0,84 |
2,67 |
| GAMESA |
19,30 |
0,79 |
2,33 |
| ZARDOYA OTIS |
8,60 |
0,35 |
4,00 |
| ACERINOX |
11,45 |
0,17 |
2,00 |
| INDRA |
10,86 |
0,37 |
3,00 |
| TECNICAS REUNIDAS |
26,60 |
2,21 |
3,00 |
| VIDRALA |
49,60 |
2,74 |
3,00 |
| ELECNOR |
11,40 |
1,30 |
5,00 |
| GRUPO ENCE |
10,66 |
0,35 |
2,00 |
| CEMENTOS PORTLAND |
4,95 |
0,01 |
5,00 |
| TUBACEX |
3,44 |
0,08 |
2,00 |
| URALITA/COEMAC |
0,89 |
0,06 |
5,00 |
| ABENGOA |
1,15 |
0,03 |
4,00 |
| ABERTIS |
15,55 |
1,07 |
3,00 |
| FERROVIAL |
20,95 |
0,96 |
2,67 |
| ACS |
34,50 |
2,89 |
2,50 |
| ACCIONA |
88,40 |
4,00 |
1,00 |
| MERLIN PROPERTIES |
11,80 |
0,51 |
1,00 |
| FCC |
8,35 |
0,21 |
3,33 |
| INMOBILIARIA COLONIAL |
6,00 |
0,30 |
2,00 |
| OHL |
8,00 |
0,59 |
3,50 |
| SACYR VALLEHERMOSO |
2,75 |
0,18 |
2,67 |
| REALIA |
0,63 |
0,04 |
3,00 |
| ENDESA |
19,60 |
1,12 |
3,00 |
| GAS NATURAL |
18,25 |
1,44 |
3,00 |
| RED ELECTRICA |
84,40 |
4,92 |
1,00 |
| ENAGAS |
29,15 |
2,36 |
2,00 |
| SOLARIA |
1,00 |
0,07 |
2,00 |
| CAIXABANK / CRITERIA |
2,50 |
0,05 |
3,00 |
| BANKIA |
0,88 |
0,02 |
2,50 |
| MAPFRE |
2,40 |
0,26 |
3,00 |
| BANCO DE SABADELL |
1,60 |
0,04 |
3,50 |
| BANKINTER |
6,35 |
0,35 |
2,50 |
| BANCO POPULAR |
1,70 |
0,13 |
3,67 |
| G. CAT. OCCIDENTE |
33,00 |
2,23 |
2,00 |
| BME |
32,42 |
1,93 |
2,00 |
| CORPORACIÓN ALBA |
48,70 |
1,13 |
3,00 |
