The stock market valuation of the 61 Spanish companies analysed amounts to 395.316 billion euros at the end of October 2012, that means a decrease of -1.5% compared to the end of 2011, and an increase of +2.4% over the previous month.
According to the consensus, weighted average earnings per share of these companies is 1.24 euros (a -6.7% lower than at the end of the year, and -5.4% from last month).
The weighted average guide price is 12.40 euros (a +14.6% increase so far this year, and -2.8% than the previous month), while the weighted average market price is 11.86 euros (increased by +34.0% in the year and +5.1% in the month). Therefore, the weighted average discount between the share price and the guide price is 4.3%.
The ratio price / weighted average is 14.6 times earnings, (rises +24.3% compared to the end of the year and fell by -1.34% in the last month), the inverse of this ratio gives a profit yield of 6.8% (down from 19.7% in the year but +1.2% in the month).
The average recommendation is of 2.72 points, slightly less buy-prone than last month and the end of year (a score between 1 and 2 points is “clearly buy” and between 3.5 and 5 is “clearly sale”).
Currently there are 22 names as buy (1 to 2 points), while at the end 2011 there were 26. They are: Ebro Foods, Almirall, Campofrío, Pescanova, Prisa, Faes, Repsol, Acerinox, Técnicas Reunidas, Vidrala, Tubacex, Abertis, Ferrovial, Acciona, OHL, Sacyr, Realia, Telefónica, Gas Natural, Enagas, Solaria and Mapfre.
In addition, there are 14 names for sale (between 3.5 and 5 points), compared with 13 of the end of 2011. They are: Prosegur Deoleo, Zardoya, Elecnor, Uralita, Cementos Portland, La Seda, Metrovacesa, Inmobiliaria Colonial, CaixaBank, Bankia, B.Popular, B.Sabadell and Bankinter.