Iberdrola (IBDRY)
OTHER OTC:IBDRY
Want to see IBDRY full AI Analyst Report?
Top Page
Iberdrola
(OTC:IBDRY)
Select Model
Select Model
Rating:61Neutral
Price Target:
$99.00
▲(9.65% Upside)
Action:Reiterated
Date:05/04/26
The score is driven primarily by mixed financial fundamentals—solid profitability but weaker recent revenue and free-cash-flow generation—tempered by notable leverage. Offsetting this, the latest earnings call was constructive with upgraded 2026 guidance and improving credit metrics, while technicals and valuation are supportive but not strongly bullish.
Positive Factors
Regulated Networks Momentum
Sustained double-digit Networks EBITDA growth reflects entrenched regulated cash flows and execution on large transmission/distribution contracts. Regulated earnings are less cyclically exposed, supporting durable EBITDA visibility and funding for capex, dividends and deleveraging over the medium term.
Negative Factors
Recent Revenue Contraction
A large recent top-line decline increases uncertainty about sustainable growth and may pressure margins if volume or price recovery stalls. Persistent revenue weakness can constrain reinvestment, slow RAB growth translation, and make earnings targets harder to hit without further network offset.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated Networks Momentum
Sustained double-digit Networks EBITDA growth reflects entrenched regulated cash flows and execution on large transmission/distribution contracts. Regulated earnings are less cyclically exposed, supporting durable EBITDA visibility and funding for capex, dividends and deleveraging over the medium term.
Read all positive factors
Iberdrola (IBDRY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$152.26B
Dividend Yield3.38%
Average Volume (3M)16.23K
Price to Earnings (P/E)19.7
Beta (1Y)<0.01
Revenue Growth7.64%
EPS Growth28.60%
CountryUS
Employees44,701
SectorUtilities
Sector Strength65
IndustryDiversified Utilities
Share Statistics
EPS (TTM)4.16
Shares Outstanding1,689,461,400
10 Day Avg. Volume8,655
30 Day Avg. Volume16,234
Financial Highlights & Ratios
PEG Ratio2.85
Price to Book (P/B)2.45
Price to Sales (P/S)2.81
P/FCF Ratio107.37
Enterprise Value/Market Cap1.24
Enterprise Value/Revenue3.40
Enterprise Value/Gross Profit6.96
Enterprise Value/Ebitda9.15
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)4.65
Revenue Forecast (FY)$53.97B
Iberdrola Business Overview & Revenue Model
Company Description
Iberdrola, S.A. engages in the generation, transmission, distribution, and supply of electricity in Spain and internationally. It generates and markets electrical power using renewable sources, such as onshore and offshore wind, hydro, solar photo...
How the Company Makes Money
Iberdrola primarily makes money through a mix of regulated and market-based electricity businesses. (1) Regulated networks: A substantial portion of earnings comes from electricity distribution (and, where applicable, transmission) networks that a...
Iberdrola Earnings Call Summary
Earnings Call Date:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 22, 2026
Earnings Call Sentiment Positive
The call presented multiple clear strengths: double-digit adjusted net profit growth, resilient EBITDA supported by a strong Networks business (notably U.K. and U.S.), large and focused investment accelerating regulated RAB growth, completed asset rotation (Mexico) that improved pro forma leverage, strong liquidity and upgraded guidance for 2026. Offsetting these positives are notable headwinds: FX-driven reporting weakness, weakness in the Power & Customers segment (particularly U.S. timing effects and Iberia ancillary costs), a rising gross debt level (management expects ~EUR 55bn by year-end), and regulatory/operational uncertainties (Spain blackout-related ancillary costs and U.S. regulatory reviews). On balance, the highlights outweigh the lowlights due to the strength and visibility of regulated networks cash flows, improved credit metrics on a pro forma basis, and an upgraded outlook.Positive Updates
Adjusted Net Profit Growth
Adjusted net profit rose 11% year-on-year to EUR 1,865 million in Q1 2026; excluding negative FX effects (~EUR 99 million) adjusted net profit would have grown ~17%.
Negative Updates
Power & Customers Business Pressure
Power & Customers EBITDA fell ~3% to EUR 2.0 billion YoY, with Iberia EBITDA down ~3.2% to EUR 1,002 million (impacted by higher ancillary costs, regulated gas rate and lower prices). U.S. Power EBITDA decreased ~32% to $196 million due to lower wind/thermal contribution and timing effects.
Read all updates
Q1-2026 Updates
Positive
Negative
Adjusted Net Profit Growth
Adjusted net profit rose 11% year-on-year to EUR 1,865 million in Q1 2026; excluding negative FX effects (~EUR 99 million) adjusted net profit would have grown ~17%.
Read all positive updates
Company Guidance
Iberdrola upgraded 2026 guidance to expect adjusted net profit growth of more than 8% (excluding asset‑rotation capital gains), driven by networks as the main growth engine and supported by strong investment, hedging and cash generation: Q1 adjusted net profit was €1,865m (+11%) and adjusted EBITDA €4.1bn (+2.4%); Q1 investment was €2,705m (€14.5bn L12M) with more than half allocated to the U.K. and U.S. (46% U.K., 26% U.S., 20% Brazil, ~10% Spain), and Iberdrola added 3,300 MW over 12 months (2 GW wind, 1 GW solar, >300 MW storage) and expects to commission a further 2.7 GW in 2026 on top of 1 GW already in Q1. Financial guidance/metrics include a pro‑forma net debt of €50.3bn (reported €51.9bn at March), target year‑end net debt ~€55bn, liquidity €21.4bn (covers 23 months), 77% of debt fixed, adjusted net debt/EBITDA 3.4x (vs 3.7x Q1‑25), adjusted FFO/adj net debt ~24% (vs 21.2%), adjusted leverage 44% (vs 47%), FFO +7% (to ~12%), regulated asset base €53bn (RAB +8% YoY; transmission RAB +29% to €14bn), and production hedges of 100% for 2026, ~80% for 2027 and ~75% for 2028; the company also expects an effective tax rate to move toward ~20% by year‑end.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 | 55.33B | 43.75B | 44.74B | 49.34B | 53.95B | 39.11B |
| Gross Profit | 27.03B | 11.19B | 23.88B | 23.30B | 20.20B | 17.06B |
| EBITDA | 20.55B | 15.94B | 17.53B | 14.36B | 12.77B | 11.80B |
| Net Income | 6.38B | 6.04B | 5.61B | 4.80B | 4.34B | 3.88B |
Balance Sheet | ||||||
| Total Assets | 157.57B | 160.69B | 158.29B | 150.03B | 154.67B | 141.75B |
| Cash, Cash Equivalents and Short-Term Investments | 3.34B | 6.34B | 4.57B | 3.81B | 7.47B | 5.52B |
| Total Debt | 56.38B | 59.77B | 57.73B | 63.93B | 50.42B | 44.27B |
| Total Liabilities | 98.15B | 97.30B | 97.24B | 89.74B | 96.55B | 85.63B |
| Stockholders Equity | 53.88B | 50.05B | 47.13B | 43.11B | 41.12B | 40.48B |
Cash Flow | ||||||
| Free Cash Flow | 2.48B | 1.14B | 2.05B | 4.25B | 3.66B | 1.19B |
| Operating Cash Flow | 6.62B | 8.45B | 11.93B | 12.13B | 10.44B | 8.11B |
| Investing Cash Flow | -6.01B | -11.30B | -8.40B | -9.69B | -10.15B | -9.49B |
| Financing Cash Flow | -2.21B | 2.69B | -2.27B | -4.09B | 151.00M | 1.87B |
Iberdrola Technical Analysis
Neutral
90.29
Price Trends
92.08
Negative
90.88
Positive
84.37
Positive
Market Momentum
-0.58
Positive
45.43
Neutral
45.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IBDRY, the sentiment is Neutral. The current price of 90.29 is below the 20-day moving average (MA) of 92.27, below the 50-day MA of 92.08, and above the 200-day MA of 84.37, indicating a neutral trend. The MACD of -0.58 indicates Positive momentum. The RSI at 45.43 is Neutral, neither overbought nor oversold. The STOCH value of 45.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IBDRY.
Iberdrola Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | $152.26B | 19.69 | 11.79% | 3.38% | 7.64% | 28.60% | |
61 Neutral | $59.79B | 13.81 | 6.53% | 2.91% | 2.23% | -35.44% | |
59 Neutral | $7.50B | 47.54 | 16.88% | 12.98% | 10.16% | -29.63% | |
55 Neutral | $18.11B | -48.28 | 7.74% | 4.92% | 13.02% | ― | |
53 Neutral | $10.50B | 5.17 | 28.87% | 5.06% | 2.76% | 5.46% |
* Utilities Sector Average
IBDRY
Iberdrola
91.12
20.02
28.16%
BIP
Brookfield Infrastructure
39.19
8.47
27.57%
CIG
Companhia Energetica Minas Gerais
2.29
0.63
38.29%
SRE
Sempra Energy
91.46
16.90
22.67%
AES
AES
14.73
5.10
52.90%
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.