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Iberdrola is a Spain-based company engaged in electric (generated by nuclear, wind, solar, gas, coal, etc.) and gas utilities throughout the world. It is currently trading at 12.5x trailing earnings, with very healthy trailing revenue and earnings growth. The only problem is debt which is higher than I would like and consequently tangible book value which is lower.Other utilities I like: IPRPY.PK, EDPFY.PK, EONGY.PK, ENI, SBS, HOO, CHNG, NRG, MIR, and AEE.
Clean energy juggernaut.
Easy call on renewable energy at a reasonable entry point. fair value.
Growth in Latin America should sustain and increase Iberdrola's business, also demand for renewable energy, which Iberdrola handles also.
Iberdrola's portfolio of renewable energy assets should enable long term growth.
Spanish power company merger with ScottishPower (SPI) resulting in one of the world's largest power companies. Large use of wind pwer.66.4B market cap, net profit up 13% first quarter 2007.From the company's website: "The integration of Iberdrola and ScottishPower has created one of the largest energy companies in the world, with a total enterprise value of some €70 billion.Iberdrola and ScottishPower have a combined installed capacity of around 39,000 MW, are world leaders in renewables (16,500 MW) and reach almost 22 million consumers in Europe and the Americas."
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