Iberdrola: 1991-2007

Abstract:     
We compute the Shareholder Value Creation of Iberdrola. The market cap of Iberdrola increased between December 1991 and December 2007 in 48.4 billion euros. The shareholder value creation during this period was 32.0 billion euros. The average shareholder return of Iberdrola in this 16 years was 19.7%, higher than that of the IBEX 35 (15.1%). Average inflation was 3.4%. We also compare the shareholder return of Iberdrola with that of other utilities.

Note: Downloadable document is in Spanish.

Keywords: Value creation, shareholder return, shareholder value creation, IBEX, Iberdrola

JEL Classifications: G12, G31, M21

Working Paper Series