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

TOPICS:
Ibex 35

Posted By: The Corner 14th April 2015

“We find quite significant that nonfinancial Ibex firms are trading above 20x earnings from this year, although about 50% of the index is made of electrical companies, telecoms and oil firms,” analysts at Mirabaud commented on Tuesday.

“In our view, this shows that the valuations of the Spanish companies are much more stressed than it seems at first glance.”

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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