Both stocks run through our valuation models. Here is how Lechwerke (LEC) and Iberdrola S.A. (IBE) compare, as of Aug 21, 2026.
As of Aug 21, 2026, Fair Value Calculator sees Lechwerke as the less overvalued of the two: Lechwerke trades at €64.50 versus a fair value of €28.09 (-56%), while Iberdrola S.A. trades at €20.11 versus €8.45 (-58%).
Lechwerke
LEC.F · EUR · Utilities
-56%
upside to fair value
overvalued
Price€64.50
Fair Value€28.09
Quality60/100
Iberdrola S.A.
IBE.MC · EUR · Utilities
-58%
upside to fair value
overvalued
Price€20.11
Fair Value€8.45
Quality44/100
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Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
LechwerkeIberdrola S.A.
Valuation
23.1×P/E (TTM)26.2×
2.86×P/S (TTM)3.70×
4.83×P/B3.22×
58.6×EV/EBITDA14.3×
—PEG3.50×
4.3%Dividend yield3.4%
€2.80Dividend per share€0.68
Profitability
11%Net margin14%
1%Operating margin22%
18%Return on equity10%
1%Return on assets4%
Growth
-21%Revenue growth (YoY)-5%
-8.9%Avg. growth/yr (3Y)-5.5%
-3.5%Avg. growth/yr (5Y)6.6%
Balance & size
0.01×Debt / equity0.84×
$3BMarket cap$161B
mixedGrowth qualityexpensive
Iberdrola S.A. leads: 5 to 8 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Lechwerkeof which business quality 57 · market factors 50Iberdrola S.A.of which business quality 42 · market factors 72
ProfitabilityMargins and returns on capital today
41
35
Quality GrowthAre margins and returns improving?
41
43
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
93
59
Low VolatilityCalm price path (market factor)
97
97
MomentumPrice trend over the last 3–12 months (market factor)
35
56
52W MomentumDistance to the 52-week high (market factor)
22
71
Net IssuanceBuybacks instead of dilution
82
64
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Lechwerke
DCF Models€31.28
Earnings-Based€14.20
Multiples€21.54
Asset-Based€10.46
Growth DCF€39.79
Economic Profit€14.18
Growth Earnings€38.29
21 of 21 models see the stock below the current price.
Iberdrola S.A.
DCF Models€7.63
Earnings-Based€8.64
Dividend Discount€3.06
Multiples€16.73
Asset-Based€5.10
Growth DCF€7.98
Economic Profit€8.89
Growth Earnings€14.45
23 of 23 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Lechwerke
Bear €21.07Fair Value €28.09Bull €35.11
€64.50 = current price (white tick)
Iberdrola S.A.
Bear €7.06Fair Value €8.45Bull €17.90
€20.11 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Lechwerke · Utilities
Quality score60 · Top 25%
Fair value upside-56% · bottom 25%
Iberdrola S.A. · Utilities
Quality score44 · below median
Fair value upside-58% · bottom 25%
Bottom line
As of Aug 21, 2026, Fair Value Calculator sees Lechwerke as the less overvalued of the two: Lechwerke trades at €64.50 versus a fair value of €28.09 (-56%), while Iberdrola S.A. trades at €20.11 versus €8.45 (-58%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
