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Last €12.57 EUR
Change Today -0.495 / -3.79%
Volume 2.8M
GAM On Other Exchanges
Symbol
Exchange
OTC US
Mexico
Continuous
Frankfurt
OTC US
As of 11:38 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

gamesa corp tecnologica sa (GAM) Snapshot

Open
€12.89
Previous Close
€13.06
Day High
€12.93
Day Low
€12.42
52 Week High
07/23/15 - €16.74
52 Week Low
10/16/14 - €6.44
Market Cap
3.5B
Average Volume 10 Days
3.9M
EPS TTM
€0.57
Shares Outstanding
279.3M
EX-Date
07/3/15
P/E TM
22.1x
Dividend
€0.08
Dividend Yield
0.66%
Current Stock Chart for GAMESA CORP TECNOLOGICA SA (GAM)

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gamesa corp tecnologica sa (GAM) Details

Gamesa Corporación Tecnológica, S.A. develops, constructs, and sells wind energy plants. The company operates in two segments, Wind Turbines, and Operations and Maintenance. It also develops, constructs and sells wind farms; and designs, manufactures, and sells wind turbines. The company manages wind turbines of approximately 31,237 megawatts. In addition, the company manufactures blades and moulds; and offers operations and maintenance services. Further, it manufactures and sells photovoltaic power station inverters; designs, validates, manufactures, and supplies electrical system components for wind turbines; manufactures generators, converters, and control cabins; designs and installs classification motors in nuclear power plants, and alternators and motors for marine use; and offers power electronics products, electrical converters and variators, charging points for electric vehicles, and permanent magnets, as well as custom-built solutions for rotating electrical machines and power electronics. Additionally, the company engages in the manufacture and sale of electricity generators, electronic equipment, and electronic elements; and purchase and sale of raw materials, as well as offers engineering, reinsurance, administrative management, and logistics and transport services. It operates in Spain and rest of Europe; the United States; and China, India, Brazil, Mexico, and rest of world. The company was founded in 1976 and is headquartered in Zamudio, Spain.

6,441 Employees
Last Reported Date: 02/25/15
Founded in 1976

gamesa corp tecnologica sa (GAM) Top Compensated Officers

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gamesa corp tecnologica sa (GAM) Key Developments

Gamesa to Supply Nine Wind Turbines to Repower Ovenden Moor Wind Farm in UK

Gamesa Corporación Tecnológica S.A. has received a contract to supply nine wind turbines to repower the Ovenden Moor wind farm in the UK. By replacing the old turbines, the facility - in operation since 1993 - will be refitted with modern technology and produce twice as much power using less than half as many turbines. Under the terms of the agreement, Gamesa will supply, install and commission nine of its G80-2.0 MW wind turbines at the Ovenden Moor wind farm located close to the town of Halifax, in the county of West Yorkshire. This repowering project, which is due to commence generation in 2016, will enable the replacement of 23 turbines that are 22 years of age and present aggregate capacity of 9 MW with nine Gamesa turbines that will produce twice as much power (18 MW). The wind farm's installed capacity, once upgraded to 18 MW, will enable the supply of renewable energy to close to 12,000 homes in the UK and displace the emission of 21,000 tonnes of GHG per annum.

Gamesa Reports Earnings Results for the Second Quarter and Six Months Ended June 2015; Provides Production and Earnings Guidance for 2015

Gamesa reported earnings results for the second quarter and six months ended June 2015. For the quarter, the company reported operating profitability is growing, and the EBIT margin of the second quarter has represented 8.2% relative to revenues compared to 8% of EBIT, relative to revenues obtained in the first quarter of the year 2015. For the six months, the company reported sales in the first semester have totaled EUR 1,651 million, which represents a 31% increase year on year. Revenues have been 8.4%. And this level of EBITDA of EUR 136 million accounts for 64% improvement relative to the EBIT of the same period the previous year. Net profit prior to the Adwen operation totals EUR 86 million, which multiplies by 2, the levels of net profit achieved 1 year ago. The company ends with a positive cash flow of EUR 39 million. Underlying EBIT now stands at EUR 136 million, which is 64% compared more than what the company had last year with an underlying EBIT margin of 8.2%. EBIT is EUR 165 million, which is double the figure reported last year. Revenues were driven by 36% growth in revenues in the wind turbine area, mainly as a result of higher activity, which amounted to 1,481 MWe, 24.9% more than in the first half of 2014. This growth is attributable to the company's sound diversified position: India and Latin America accounted for 45% of total MWe sales, while developed markets such as Europe and the US raised their contribution to 38%. China contributed 17%. Net profit more than doubled in the first half of 2015, to EUR 97 million, driven by sales growth, optimisation of variable costs, a positive currency effect and the recognition of Adwen. For the full year of 2015, the company expects sales volume of 3,100 MWe. For the full year of 2015, the company expects revenues of EUR 3,400 million and underlying EBIT margin of =8%. .

Gamesa Receives 250MW Wind Turbine Order from Orange

Gamesa has received a new order for the supply of 250MW wind turbines to Orange. The company will install 125 of its G97-2.0 MW Class S wind turbines at three wind farms. With a tower height of 104 metres, the company has tailor-designed this variant - certified by TUV NORD - for the Indian market with a view to maximising turbine performance at low wind speed sites. Specifically, the agreement entered into with Orange includes the turnkey construction of a 100 MW wind farm in the town of Ananthapur, in the state of Andhra Pradesh; this facility is scheduled for commissioning in March 2016. In addition, the company will supply, install and commission 25 G97-2.0 MW Class S turbines at the Ratlam wind farm (50 MW) and another 50 at the Agar (100 MW) wind farm, both of which located in the state of Madhya Pradesh. These facilities are slated for commissioning in the first and third quarters of 2016, respectively. The agreement also encompasses the provision of the related operation and maintenance services over the medium and long term.

 

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Industry Analysis

GAM

Industry Average

Valuation GAM Industry Range
Price/Earnings 23.5x
Price/Sales 1.1x
Price/Book 2.4x
Price/Cash Flow 15.3x
TEV/Sales 0.7x
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