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Acciona
🇪🇸 ANA.MC · Madrid · ES0125220311
Infrastructure
Scores
Key Metrics
Powered by EODHDP/E (TTM)
31.7
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Net Debt/EBITDA (TTM)
6.1x
Latest quarter: 19.5x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
Latest quarter (2026-06-30): 19.5x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
ROE
10.4%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
6.7x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Dividend Summary
Powered by EODHDDividend Yield (Fwd)
2.06%
TTM: 2.22%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Forward Yield (estimated): 2.06%
Trailing Yield (TTM, last 12 months): 2.22%
Payout Ratio (Fwd)
166.7% TTM
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Dividend History
EODHD Dividends API| Status | Type | Decl. Date | Ex-Div Date | Pay Date | Currency | Amount |
|---|---|---|---|---|---|---|
| Forecast* | Interim | — | 07 Jul 2027 | — | EUR | 5.749 |
| Paid | Interim | 27 Feb 2026 | 07 Jul 2026 | 09 Jul 2026 | EUR | 4.656 |
* Extrapolated from past dividend history. Not an official announcement — treat as an estimate, not a confirmed date or amount.
Summary
Acciona is a premier global infrastructure and renewable energy developer currently trading at a profound discount to its underlying asset value due to temporary earnings noise and legal overhangs. Supported by immense operational cash flow (AFFO) and a disciplined capital return program, the company presents a highly compelling deep-value opportunity. Worth considering for new positions by investors willing to absorb near-term volatility for long-term compound growth.
Sector Context
Infrastructure & Construction companies typically operate with high debt and lumpy GAAP earnings but generate highly predictable, long-term cash flows from physical assets. For dividend sustainability and valuation, FFO/AFFO are far more accurate metrics than traditional P/E or Net Income.
Temporary Opportunity Identified
The stock has dropped over 25% from recent highs due to sector-wide renewable energy price compression in Europe, delayed asset sales, and headline noise from high-profile legal battles. Underneath this, long-term asset value and cash generation (AFFO) remain highly robust.
📊 Strategy Analysis
- • Exceptional valuation with a P/FFO of 7.73x and trading at 75.3% of its Net Asset Value (NAV), offering a massive margin of safety.
- • Shareholder-friendly capital allocation combining cash dividends and buybacks for a total shareholder yield of 4.46%.
- • Highly sustainable payout profile with an AFFO payout ratio of just 11.06%, heavily covering the dividend while funding growth.
- • Impressive recent dividend growth trajectory featuring a 22.2% 5-year CAGR and 5 consecutive years of increases.
⚠ What to Watch
- • Current dividend yield of 2.22% sits below the traditional 3% minimum target for immediate-income DGI portfolios.
- • Major ongoing structural legal liabilities, including a high-stakes trade secrets lawsuit from Ferrovial in the US and the multi-billion Mayan Train environmental class action in Mexico.
- • Elevated leverage metrics (Net Debt/EBITDA at 6.12x) and recent GAAP earnings compression (P/E TTM at 31.71x) reflecting renewable energy price pressures.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-08-22
Disclaimer: This information is for educational purposes only. Not financial advice.