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Corporación Acciona Energías Renovables, S.A (ANE) Fair Value & Analysis

Utilities · ES · Market cap €7.0B

CA Corporación Acciona Energías Renovables, S.A ANE · MC
Price€20.74
Fair Value€27.68
Upside+33.5%
Quality47/100
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Expensive Growth
Solidly profitable · 16.0% net margin
Moderate debt · negative free cash flow
0.14% dividend yield
Ranks above peers (9/14)
Moderate moat 57/100
Evidence: High Range €19.37 – €41.14 Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 22 days ago

Share price −7.6% over the past month.

Below-average quality, screening 33% undervalued on our models.

What matters now

  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€19.37 to €41.14) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€41.28 €14.48 Fair Value €27.68 Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €14.48 – €41.28 · fair‑value band €19.37 – €41.14 · the €20.74 price screens below the €27.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Corporación Acciona Energías Renovables, S.A (ANE) currently trades at €20.74, while our model-based Fair Value estimate is €27.68, implying the stock looks roughly 33.5% undervalued today. We read business quality at 47/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Corporación Acciona Energías Renovables, S.A generated revenue of €4.1B at a net margin of 16.0%. Revenue declined 18.3% year over year. It earns a return on equity of 11.1%. Net debt stands at €4.3B. Fundamentals as of Jul 16, 2026

Our scenario range runs from €19.37 (bear case) to €41.14 (bull case); at €20.74, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic. The share trades about 19% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at 33%, ANE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income €16.06 €18.25 €32.52 76
ROIC Compounder €13.85 €17.75 €22.07 72
Gordon GGM €3.87 €4.22 €4.75 70
All 15 models by family
DCF Models
Owner Earnings €0.9900 31
Earnings-Based
Graham-Dodd €13.73 €16.79 €18.88 54
EPV €13.85 €17.75 €21.12 59
Dividend Discount
Gordon GGM €3.87 €4.22 €4.75 70
DDM Multi-Stage €3.87 €4.78 €6.03 61
Multiples
P/E Multiple €30.29 €40.39 €50.49 63
P/S Multiple €16.91 €22.55 €28.18 58
P/B Multiple €25.75 €34.33 €42.92 55
EV/EBIT €29.93 €43.54 €57.15 53
EV/EBITDA €34.52 €49.66 €64.80 54
EV/Revenue €4.88 €11.64 €18.41 43
Asset-Based
NCAV (Graham) €9.00 €12.06 €17.99 50
Economic Profit
Residual Income €16.06 €18.25 €32.52 76
ROIC Compounder €13.85 €17.75 €22.07 72
Growth Earnings
Growth-Adj P/E €21.43 €30.62 €39.80 68

Widest divergence: Multiples (€34.33) versus Dividend Discount (€4.22). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €4.1B
Revenue growth (YoY) -18.3%
Net margin 16.0%
Return on equity 11.1%
Free cash flow −€596M FY2025
P/E ratio 11.6
More key figures
Operating margin 20.1%
EPS (TTM) €2.00
Dividend yield 0.1%
EPS growth (YoY) -32.5%
Net debt €4.3B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 42 · Market factors (momentum, volatility) 44

Profitability 39
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 90
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Corporación Acciona Energías Renovables, S.A. engages in the promotion, construction, operation, maintenance, and development of renewable energy projects in Spain and internationally. The company operates onshore wind, photovoltaic solar, solar thermal, biomass, hydraulic, and energy storage renewable technology projects.

Full company description

Corporación Acciona Energías Renovables, S.A. engages in the promotion, construction, operation, maintenance, and development of renewable energy projects in Spain and internationally. The company operates onshore wind, photovoltaic solar, solar thermal, biomass, hydraulic, and energy storage renewable technology projects. It is also involved in renewable energy supply, green hydrogen, energy efficiency, electric mobility, and self-consumption decarbonization solutions. In addition, the company engages in fuel imports and exports; and sales and co-generation services, including engineering, consulting, and auditing of sites and projects, as well as drafting plans. The company was incorporated in 2008 and is headquartered in Madrid, Spain. Corporación Acciona Energías Renovables, S.A. operates as a subsidiary of Acciona, S.A.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Corporación Acciona Energías Renovables, S.A reported revenue of €2.9B in FY2025 versus €2.5B in FY2021, a compound +4.3%/yr. Reported net income was €655M in FY2025, compounding +15.9%/yr from FY2021.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€2.9B
Latest YoY
−4.0%
Avg. growth/yr (3Y)
−14.6%
Avg. growth/yr (5Y)
+10.7%
Avg. growth/yr (7Y)
+4.1%
Revenue +4.3%/yr
FY21 €2.5B
FY22 €4.7B
FY23 €4.0B
FY24 €3.0B
FY25 €2.9B
Net income +15.9%/yr
FY21 €363M
FY22 €759M
FY23 €524M
FY24 €357M
FY25 €655M

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Cite: Fair Value Calculator (2026). "Corporación Acciona Energías Renovables, S.A Fair Value". https://www.fairvalue-calculator.com/stock/ANE

Peer Group

Utilities - Renewable · 213 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Above median
Fair Value upside +34% · Top 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 20% · Above median
Revenue growth -18% · Bottom 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.68× · Higher than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 10.9× · Cheaper than median
P/B 1.39× · Pricier than median
P/S (TTM) 1.98× · Cheaper than median
EV/EBITDA 7.9× · Cheaper than median
PEG 35.85× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 78 · sector 16
FUTURE 0 · sector 0
PAST 45 · sector 14
HEALTH 66 · sector 67
DIVIDEND 3 · sector 51

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is Corporación Acciona Energías Renovables, S.A (ANE) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €27.68 versus a price of €20.74, about +33% (undervalued).
What is the fair value of ANE?
Our model-based fair value for Corporación Acciona Energías Renovables, S.A is €27.68 (as of Jul 16, 2026), built from audited fundamentals. The current price is €20.74.
What is the quality score of ANE?
Corporación Acciona Energías Renovables, S.A has a Quality Score of 47/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Corporación Acciona Energías Renovables, S.A (ANE)?
Corporación Acciona Energías Renovables, S.A reported trailing-twelve-month revenue of about €4.1B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of ANE?
The net profit margin of Corporación Acciona Energías Renovables, S.A is about 16.0%, meaning it keeps roughly 16.0% of revenue as net income. Based on the latest reported figures.
Does Corporación Acciona Energías Renovables, S.A pay a dividend?
Corporación Acciona Energías Renovables, S.A currently shows a dividend yield of about 0.13% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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