Saturday, October 1

Siemens Gamesa loses more than 8,100 million euros in 2021

Siemens-Gamesa has just signed two major deals in recent days. One in Sweden, with the Swedish promoter Eolus and on Hydro Rein to supply them with 42 wind turbines in a 260MW wind farm in the center of the country, bringing their joint projects with Eolus to 450MW.

Also in India, where it will supply Ayana Renewable Power Private Limited 84 wind turbines for a 302MW wind farm for a project that will begin its journey in 2023. A country in which the company has been present since 2009 and in which it has installed more than 7GW of power.

All of it while facing 2022 after an exercise to forget as the worst value of the Ibex Y a bearish journey greater than 36% for the value. A year marked by warnings about profits and the redirection of the company towards offshore wind, which is much more profitable. And in which the bubble flies and overvaluation of its assets that many analysts believe.

Siemens Gamesa annual share price

Changes in regulation and the inflation effect, With the increase in yields in the debt market, they have done the rest, in a year marked by a recovery that has been more than indifferent to them, with a strong penalty throughout the sector. According to Reuters, the company has already opened the closure to divest in its wind farm development unit, with a deal that I could reach a market value of 300 million euros.

The idea is to return profitability to your core business, after the negative effect of the increase in steel prices and the problems in the supply chain linked to the pandemic, which are seriously affecting their margins, already impacted by the elimination of the subsidies that the countries granted them until now. That is the immediate future of Siemens Gamesa in the market.

From a technical point of view, in the premium indicators of Investment Strategies, Siemens Gamesa barely obtains in bearish mode and with a cut of two points, a total score of 1 out of 10 possible points for value. Only positively does the long-term business volume move, which is growing.

On the downside, the downtrend both in the medium and long term, with slow and fast negative total momentum, medium-term volume decreasing for the value and volatility, measured in terms of its range of amplitude in its two aspects, both in the medium and long term, is increasing for the value.

Siemens Gamesa, furthermore, according to José Antonio González, technical analyst of Investment Strategies “It is not able to resolve upwards with previous maximum guarantees, giving up positions in the very short term, a movement that leaves us a resistance area of ​​around 24.10 / 23.45 euros per share, inability that enables an attack on its simple moving average of 40 periods or medium term, whose perforation, would enable an attack at 18.34 euros per share.

Siemens Gamesa on daily chart with Average amplitude range in percentage, MACD oscillator and trading volume

Siemens Gamesa technical value analysis


For María Mira, fundamental analyst of Investment Strategies Siemens Gamesa, “in an analysis of multiples on the estimation of results for the closing of its fiscal year 22, and with an estimated EPS of 0.18 € / share for its fiscal year 2022, the stock trades with adjusted ratios. The market discounts a PER> 100v. It is not cheap due to the sales ratio or cash flow (PSV 1.44v and PCF> 26v for 2022e) ”.

In addition, the fundamental expert from Ei highlights that “the EV / EBITDA multiple> 20v, adjusted and by book value, the market pays more than 3.3v. On the positive side, a strong balance sheet with good leverage and consistency ratios. Based on a fundamental valuation, the recommendation is negative with a medium / long-term horizon ”.

If you want to know the most bullish values ​​of the stock market, register for free in Investment Strategies.

Leave a Reply

Your email address will not be published.