Acciona (ANA): analysis in plain words
Is Acciona cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Acciona (ANA) is listed on the Madrid Stock Exchange and we classify it in construction and infrastructure. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Acciona according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Acciona (ANA) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €213.20 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 32.2x | Price over earnings per share |
| Revenue growth | +4.0% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 1.6% | Profit for every 100 of sales |
| Net debt / EBITDA | 6.1x | Years of operating profit to repay debt |
| Dividend yield | 2.73% | Annual dividend over price |
| Market cap | €11.3 billion | What the stock market values it at |
The Acciona figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any ANA figure that is not available shows as N/A: we do not estimate it.
How Acciona makes money
Acciona combines several businesses. Infrastructure, its biggest by revenue, builds civil works and water plants and runs concessions in Europe, the Americas and Australia. Energy is its listed subsidiary Acciona Energía, which generates renewable power. Other activities include fund manager Bestinver, real estate development and services.
Over the last 12 months, Acciona brought in revenue of €21.9 billion. For every 100 it sells, Acciona keeps 69.8 after the direct cost of what it sells (gross margin) and 4.0 after all operating costs (operating margin). With 69,659 full-time employees, that is about €314,000 of revenue per employee.
Acciona against its sector
To know whether a Acciona figure is high or low you have to put it next to similar companies. This table compares Acciona with the median of the 6 construction and infrastructure companies Fintols covers, with data as of November 4, 2026.
| Figure | Acciona | construction and infrastructure median |
|---|---|---|
| P/E | 32.2x | 21.7x (6) |
| Revenue growth | +4.0% | +4.6% (6) |
| Net margin | 1.6% | 4.3% (6) |
| Dividend yield | 2.73% | 3.00% (6) |
| Net debt / EBITDA | 6.1x | 3.2x (6) |
In short, against the typical construction and infrastructure company, Acciona trades on a higher P/E, earns a thinner margin and carries more debt. By size, Acciona ranks number 5 of 6 construction and infrastructure companies quoted in EUR on Fintols.
The bull case for Acciona
What works in favour of Acciona, according to its figures as of November 4, 2026:
- Analysts expect Acciona earnings to rise: its P/E on the next 12 months of estimated earnings is 20.4x, below the current 32.2x.
The main risk for Acciona
Debt is heavy: Acciona carries net debt equal to 6.1x its annual EBITDA. With high interest rates or a weak year, interest payments eat into what it can invest or pay out.
On top of that: acciona pays out more in dividends than it earns (a 167% payout ratio): its 2.73% yield only holds up if profit recovers.
And, like the rest of construction and infrastructure, Acciona is exposed to cost overruns on big projects and interest rates, because its concessions are funded with debt.
Frequently asked questions about Acciona
Is it a good time to buy Acciona stock?
Fintols does not tell you whether to buy or sell Acciona, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Acciona stock trades at €213.20, 25% below its 52-week high (€285.00) and 29% above its low (€165.00). Its P/E is 32.2x against a construction and infrastructure median of 21.7x, and 20.4x on the earnings analysts expect over the next 12 months. With Acciona, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Acciona pay a dividend?
Yes. As of November 4, 2026, Acciona pays €5.75 per share a year, which at today's price is a yield of 2.73%. It uses 167% of its profit to pay it, more than it earns, which cannot last forever. Its average dividend yield over the last five years is 2.86%. The construction and infrastructure median on Fintols is 3.00%.
Is Acciona stock expensive?
It depends on what you compare it with. On P/E, Acciona trades at 32.2x its last 12 months of earnings: more expensive than the construction and infrastructure median (21.7x). Including its debt, Acciona is valued at 15.2x its EBITDA (EV/EBITDA). A high P/E alone does not make Acciona expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Acciona's competitors?
On Fintols we compare Acciona with ACS, Sacyr and Ferrovial, which are also in construction and infrastructure. As of November 4, 2026, ACS is worth €22.8 billion and trades on a P/E of 19.1; Sacyr is worth €3.3 billion and trades on a P/E of 24.3; Ferrovial is worth €37.7 billion and trades on a P/E of 33.7. Each has a side-by-side comparison with Acciona below.
Acciona competitors
- ACS (ACS) analysis · Acciona vs ACS comparison
- Sacyr (SCYR) analysis · Acciona vs Sacyr comparison
- Ferrovial (FER) analysis · Acciona vs Ferrovial comparison
To understand Acciona better
- How to Read a Balance Sheet: A Beginner's Guide
- P/E Ratio and EPS Explained: How to Read Them Without Traps
More companies like Acciona: construction and infrastructure stocks and IBEX 35 companies. Open the full ANA analysis with its valuation and scenarios. Educational content about Acciona, not investment advice.