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Acciona Valuation Multiples

Discover revenue and EBITDA valuation multiples for Acciona and similar public comparables like Eiffage, Obayashi, Jacobs, China Communications Construction Company and more.

Acciona Overview

About Acciona

Acciona SA is an engineering and construction firm providing sustainable solutions for infrastructure and renewable energy projects across the world. It works in various phases, from design and construction to operations and maintenance. The company operates two business divisions energy and infrastructure. The infrastructure division encompasses construction, water treatment, industrial, and service business lines. Projects may be granted under concessions from governments or acquired independently when Acciona identifies an opportunity. Energy developments focus on renewable technologies and primarily revolve around wind, solar, hydro, and biomass. The company has a presence on five continents and utilizes an organizational structure to ensure availability.


Founded

1997

HQ

Spain

Employees

39.7K

Financials (LTM)

Revenue: $24B
EBITDA: $4B

EV

$24B

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Acciona Financials

Acciona reported last 12-month revenue of $24B and EBITDA of $4B.

In the same LTM period, Acciona generated $16B in gross profit, $4B in EBITDA, and $821M in net income.

Revenue (LTM)


Acciona P&L

In the most recent fiscal year, Acciona reported revenue of $24B and EBITDA of $4B.

Acciona is profitable as of last fiscal year, with gross margin of 67%, EBITDA margin of 17%, and net margin of 4%.

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LTMLast FY202320242025202620272028
Revenue$24B$24B$20B$22B$24B
Gross Profit$16B$16B$14B$14B$16B
Gross Margin65%67%68%63%68%
EBITDA$4B$4B$3B$3B$4B
EBITDA Margin15%17%14%13%17%
EBIT Margin8%9%6%5%9%
Net Profit$821M$948M$633M$493M$939M
Net Margin3%4%3%2%4%
Net Debt—$9B———

Financial data powered by Morningstar, Inc.

Acciona Stock Performance

Acciona has current market cap of $15B, and enterprise value of $24B.

Market Cap Evolution


Acciona's stock price is $283.41.

Acciona share price decreased by 2.0% in the last 30 days, and increased by 73.0% in the last year.

Acciona has an EPS (earnings per share) of $17.39.

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EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$24B$15B-0.3%-2.0%-2.8%73.0%$17.39

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Acciona Valuation Multiples

Acciona trades at 1.0x EV/Revenue multiple, and 6.8x EV/EBITDA.

See NTM and 2027E valuation multiples for Acciona

EV / Revenue (LTM)


Acciona Financial Valuation Multiples

As of May 6, 2026, Acciona has market cap of $15B and EV of $24B.

Acciona has a P/E ratio of 18.8x.

LTMLast FY202320242025202620272028
EV/Revenue1.0x1.0x1.2x1.1x1.0x
EV/EBITDA6.8x6.0x8.5x8.1x6.0x
EV/EBIT11.9x11.0x18.8x20.3x11.4x
EV/Gross Profit1.5x1.5x1.8x1.7x1.5x
P/E18.8x16.3x24.4x31.3x16.5x
EV/FCF(39.8x)54.6x(17.3x)(42.1x)54.6x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Acciona Valuation Multiples

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Acciona Margins & Growth Rates

Acciona grew revenue by 2% but EBITDA decreased by 21% in the last fiscal year.

In the most recent fiscal year, Acciona reported gross margin of 67%, EBITDA margin of 17%, and net margin of 4%.

See estimated margins and future growth rates for Acciona

Acciona Margins

Last FY202420252026202720282029
Gross Margin67%63%68%65%
EBITDA Margin17%13%17%13%
EBIT Margin9%5%9%7%
Net Margin4%2%4%2%
FCF Margin2%(3%)2%0%

Acciona Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth2%13%5%3%
Gross Profit Growth(1%)5%13%(1%)
EBITDA Growth(21%)6%35%(21%)
EBIT Growth(22%)(7%)78%(19%)
Net Profit Growth(39%)(22%)90%(38%)
FCF Growth(89%)(59%)(177%)(89%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Acciona Operational KPIs

Acciona's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.

Acciona's Rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Acciona's Rule of X is 22% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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LTMLast FY202320242025202620272028
Rule of 4018%16%———
Bessemer Rule of X22%22%———
Revenue per Employee—$0.6M———
Opex per Employee—$0.3M———
G&A Expenses to Revenue—43%44%41%43%
Opex to Revenue—58%61%58%59%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Eiffage0.9x0.9x5.4x5.4x
Obayashi1.0x1.0x10.8x11.7x
Jacobs1.6x1.8x20.7x14.7x
China Communications Construction Company0.9x0.9x10.6x13.7x
Power Construction Corporation of China0.7x0.7x8.9x9.1x
CEMEX1.4x1.4x7.4x7.1x
ENKA İnşaat2.4x2.2x7.3x10.1x
Dycom Industries2.9x2.7x22.7x20.0x

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Acciona Funding History

Before going public, Acciona raised $1B in total equity funding, across 2 rounds.

Last private valuation of Acciona was $3B, after raising $571M in June 2014 from KKR.


Acciona Funding Rounds

DateStageRaised FromRaisedValuationRev. MultipleDeal Summary
Apr-20Secondary - privateAcciona; AXA Investment Managers$488M——
Jun-14Undisclosed stageKKR$571M$3BAcciona, a Spanish energy and infrastructure firm, announced a strategic alliance with KKR on June 24, 2014, selling a one-third stake in its international renewables subsidiary, Acciona Energía Internacional (AEI), for €397-417 million (approximately $500-567 million). AEI managed 2.3 GW of renewable energy assets across 14 countries outside Spain, primarily wind power with some CSP and PV plants, and held a 3 GW development pipeline including 150 MW of PV projects in Chile. The transaction implied an enterprise value for AEI of $3.3 billion (including ~$1.6 billion equity and ~$1.6 billion net debt), or €2.563 billion per Acciona's H1 2014 results. It provided Acciona with a net capital inflow of ~€417 million, potentially rising to €467 million with a YieldCo listing. Deal closure occurred in Q4 2014, with AEI operating assets for 20 years in exchange for fees, and plans for a joint YieldCo IPO. This marked KKR's deeper involvement in renewables, transitioning from passive project buyer to active partner via its infrastructure fund. Acciona retained two-thirds ownership, leveraging KKR's expertise to accelerate international growth. No specific revenue, ARR, or EBITDA figures for AEI or Acciona near the round date were detailed in sources. The deal aligned with Acciona's portfolio optimization amid other asset sales.

Acciona M&A Activity

Acciona has acquired 5 companies to date.

Last acquisition by Acciona was on April 25th 2025. Acciona acquired Cable Energia for undisclosed valuation.

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Latest Acquisitions by Acciona

Cable Energia
GEH2
Freya Renewables
Eqinov
Description
Cable Energia is a Spanish developer and operator of electric vehicle charging networks integrated with solar photovoltaic generation and battery storage systems. It deploys turnkey infrastructure that generates contracted revenues from energy sales and charging services while mitigating demand risks. Acquired by Shell Group in July 2022, the company rebranded as Shell Recharge, expanding its presence across Europe with sites optimized for grid support and EV adoption.
GEH2 is a U.S.-based developer of hydrogen-powered zero-emission fuel cell generators for stationary power applications. The company deploys modular systems producing 10-250 kW for data centers, hospitals, and remote sites, integrating on-site electrolyzers for green hydrogen production. GEH2's generators achieve 60% efficiency and operate on 99.999% pure hydrogen. Headquartered in California, it has installations in Texas and Florida, with pilots underway in Europe through partnerships with Siemens Energy.
Freya Renewables is a Singapore-based clean energy developer focusing on solar and wind projects in Asia. The company deploys utility-scale farms and rooftop installations across Southeast Asia. Established in 2021, Freya has commissioned 150 MW of capacity, including ground-mounted arrays in Vietnam and Thailand. It secures power purchase agreements with utilities and corporates like Unilever. Freya emphasizes hybrid systems combining solar with battery storage, targeting net-zero transitions for industrial parks.
Eqinov is a French energy services company managing demand-side response and flexibility for industrial clients. It operates a platform integrating consumption monitoring, electricity market access, and optimization tools for real-time adjustments. Founded in 2014 and headquartered in Paris, Eqinov offers consulting, financing for efficiency projects, and aggregation services on markets like EPEX SPOT across Europe.
HQ CountrySpainUnited StatesPhilippinesFrance
HQ City
Sevilla
Spain, VA
Manila
Paris
Deal Date25 Apr 202514 May 202411 May 20241 Feb 2022
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Acciona Investment Activity

Acciona has invested in 2 companies to date.

Latest investment by Acciona was on July 10th 2023. Acciona invested in Saalg Geomechanics in their $4M Seed round (EV/Revenue multiple of ).

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Latest Investments by Acciona

Saalg Geomechanics
Acciona
Description
Saalg Geomechanics is an engineering firm specializing in advanced geological and numerical services for the geomechanics sector. It delivers numerical model calibrations alongside soil and rock parameter characterization via backanalysis and inverse analysis methods. The company executes 2D and 3D geomechanical and geotechnical simulations focused on TBM tunnel excavations, conventional tunnels, large deep excavations, reinforced earth retaining walls, and wellbore stability analysis. These services connect academic geomechanics research directly to practical industry applications across tunneling and excavation projects.
Acciona SA is an engineering and construction firm providing sustainable solutions for infrastructure and renewable energy projects across the world. It works in various phases, from design and construction to operations and maintenance. The company operates two business divisions energy and infrastructure. The infrastructure division encompasses construction, water treatment, industrial, and service business lines. Projects may be granted under concessions from governments or acquired independently when Acciona identifies an opportunity. Energy developments focus on renewable technologies and primarily revolve around wind, solar, hydro, and biomass. The company has a presence on five continents and utilizes an organizational structure to ensure availability.
HQ CountrySpainSpain
HQ City
Barcelona
Alcobendas
Deal Date10 Jul 202310 Apr 2020
RoundSeedSecondary - private
Raised$4M$488M
InvestorsAcciona; Crèdit Andorrà; EIC AcceleratorAcciona; AXA Investment Managers
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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About Acciona

When was Acciona founded?Acciona was founded in 1997.
Where is Acciona headquartered?Acciona is headquartered in Spain.
How many employees does Acciona have?As of today, Acciona has over 39K employees.
Who is the CEO of Acciona?Acciona's CEO is Jose Manuel Entrecanales Domecq.
Is Acciona publicly listed?Yes, Acciona is a public company listed on Bolsa de Madrid.
What is the stock symbol of Acciona?Acciona trades under ANA ticker.
When did Acciona go public?Acciona went public in 1991.
Who are competitors of Acciona?Acciona main competitors include Eiffage, Obayashi, Jacobs, China Communications Construction Company, Power Construction Corporation of China, CEMEX, ENKA İnşaat, Dycom Industries, CG Power & Industrial, China Railway Group.
What is the current market cap of Acciona?Acciona's current market cap is $15B.
What is the current revenue of Acciona?Acciona's last 12 months revenue is $24B.
What is the current revenue growth of Acciona?Acciona revenue growth (NTM/LTM) is 3%.
What is the current EV/Revenue multiple of Acciona?Current revenue multiple of Acciona is 1.0x.
Is Acciona profitable?Yes, Acciona is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Acciona?Acciona's last 12 months EBITDA is $4B.
What is Acciona's EBITDA margin?Acciona's last 12 months EBITDA margin is 15%.
What is the current EV/EBITDA multiple of Acciona?Current EBITDA multiple of Acciona is 6.8x.
What is the current FCF of Acciona?Acciona's last 12 months FCF is ($608M).
What is Acciona's FCF margin?Acciona's last 12 months FCF margin is (3%).
What is the current EV/FCF multiple of Acciona?Current FCF multiple of Acciona is (39.8x).
How many companies Acciona has acquired to date?As of May 2026, Acciona has acquired 5 companies.
What was the largest acquisition by Acciona?$37M acquisition of Silence on 12th January 2021 was the largest M&A Acciona has done to date.
What companies Acciona acquired?Acciona acquired Silence, Cable Energia, Eqinov, GEH2, and Freya Renewables.
In how many companies Acciona has invested to date?As of May 2026, Acciona has invested in 2 companies.
What was the last Acciona investment?On 10th July 2023 Acciona invested in Saalg Geomechanics, participating in a $4M Seed round, alongside Crèdit Andorrà and EIC Accelerator.
In what companies Acciona invested in?Acciona invested in Acciona and Saalg Geomechanics.

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