Top 35 companies of Spain in the IBEX index 2020

View of Madrid with the Gran Via

The largest companies in Spain have an important influence on the country and the world’s economy. The top 35 publicly traded companies of Spain, making up the IBEX 35 index, are presented here together with their activities, logos, sectors and useful links.

In Spain, companies must be, or become, Sociedad Anónima, abbreviated S.A., meaning “anonymous corporations”, to get listed on the Madrid Stock Exchange (Bolsa de Madrid). Even though they must abide by the rules of the Comisión Nacional del Mercado de Valores (CNMV), companies that become publicly listed are then entitled to receive capital from investors who buy their shares.

The IBEX 35 Index

To facilitate the comprehension of the evolution of the Spanish stock market and the broader economy, the stocks of the 35 largest companies by market capitalization are aggregated in the IBEX 35 index or CAC, (standing for Índice Bursátil Español) which is the benchmark stock market index of Spain.

Reviewed twice a year, the IBEX 35 is a capitalization-weighted index, in which the stocks of the 35 component companies are weighted according to the total market value of their outstanding shares. The largest companies by market capitalization thus weigh more in the index than smaller ones.

Evolution of the IBEX 35 index over 5 years
Evolution of the IBEX 35 index over 5 years (Image: Google Finance)

The real-time quotation of the IBEX 35 index can be followed with convenient graphical tools from a number of sources, including the Madrid Stock Exchange, Google Finance, Yahoo Finance, Bloomberg, etc.

For more information on other world-leading companies, check our series of posts on Top Companies, and for more information on the country, read our articles on Top Business Resources for Spain.

List of the 35 largest companies in the Madrid Stock Exchange by market capitalization

To help you learn more about Spanish corporations, the 35 components of the IBEX index, which are also the largest companies in the Madrid Stock Exchange, are listed hereafter. Each company is presented in detail, with its main sector and industry, operations, a direct link to its website, market capitalization, logo, and stock symbol. Companies are ranked by market capitalization in Euros, as of the effective close of Monday, February 3, 2020.

Note that if you are searching for information on these companies to invest in their stocks, make sure you know what you are doing as your investment will be subject to significant risks with the evolution of stock prices. To learn more about investing in the stock market and managing your portfolio, check our post on the best online courses on stock investing and trading.

Shortcuts to each company

To ease your browsing in this long list, here are quick anchor links to go directly to the details of any company. Be sure to also check the Top 10 Spanish companies’ summary after the list!

35. Ence

Ence logoSector: Basic Materials – Industry: Paper & Paper Products

Ence Energía y Celulosa, more simply known as Ence, is a company specialized in the transformation of wood and production of paper pulp. Besides its involvement in paper pulp and forest management, Ence is also a producer of renewable energy from the combustion of agroforestry biomass as well as solar thermal energy.

Website: – Market Cap.: $ 888.6 Million – Stock symbol: ENC

34. Mediaset España

Mediaset España logoSector: Communication Services – Industry: Broadcasting

Mediaset España Comunicación, S.A. is a television network and media production company. The largest television network in Spain, It notably operates the television channels Telecinco, Cuatro, Factoría de Ficción, Boing, Divinity, Energy and Be Mad. The Italian company Mediaset is the largest shareholder of Mediaset España.

Website: – Market Cap.: $ 1.527 Billion – Stock symbol: TL5

33. Meliá Hotels

Meliá Hotels logoSector: Consumer Cyclical – Industry: Lodging

Meliá Hotels International, S.A. is a chain of hotels. It operates more than 370 hotels, in 40 countries under the brands Meliá, Gran Meliá, ME by Meliá, Paradisus, Innside by Meliá, TRYP by Wyndham, Sol Hotels and Club Meliá.

Website: – Market Cap.: $ 1.652 Billion – Stock symbol: MEL

32. Indra Sistemas

Indra Sistemas logoSector: Technology – Industry: Information Technology Services

Indra Sistemas, S.A. is an information technology and defense systems company. It operates in three lines of business: information technologies, simulation and automatic test equipment, and defense electronic equipment. Indra is engaged in consultancy services, project development, and systems and application integration for the outsourcing of IT systems and business processes (BPO), in Europe, the United States and Latin America.

Website: – Market Cap.: $ 1.841 Billion – Stock symbol: IDR

31. Viscofan

Viscofan logoSector: Consumer Cyclical – Industry: Packaging & Containers

Viscofan is a company specialized in the manufacture of casings for meat products. Providing a range of cellulose, collagen, fibrous, and plastic products treated through chemical and mechanical processing, Viscofan operates in more than 100 countries around the world.

Website: – Market Cap.: $ 2.296 Billion – Stock symbol: VIS

30. Acerinox

Acerinox logoSector: Basic Materials – Industry: Steel

Acerinox, S.A. is a conglomerate engaged in the manufacturing of a range of stainless steel and steel products. One of the largest steel companies in the world, it operates manufacturing plants in Spain, Europe, the US, South Africa, Argentina, Chile, and Malaysia.

Website: – Market Cap.: $ 2.398 Billion – Stock symbol: ACX

29. MásMóvil

MásMóvil logoSector: Communication Services – Industry: Telecom Services

MásMóvil Ibercom, S.A., operating under the commercial name Grupo MásMóvil, is a telecommunications company. It is engaged in communication in Spain services through its subsidiaries, Yoigo, MoreMóvil, LlamaYA, Pepephone, Lebara Spain and Hits Mobile.

Website: – Market Cap.: $ 2.502 Billion – Stock symbol: MAS

28. CIE Automotive

CIE Automotive logoSector: Consumer Cyclical – Industry: Auto Parts

CIE Automotive is an industrial group involved in the production and distribution of components and sub-assemblies for the automotive manufacturers. Operating in automotive components, biofuels and technological solutions and services, CIE Automotive is present in 15 countries on 4 continents.

Website: – Market Cap.: $ 2.505 Billion – Stock symbol: CIE

27. Banco Sabadell

Banco Sabadell logoSector: Financial Services – Industry: Banks—Regional

Banco de Sabadell, S.A. is a banking group. One of the largest banks in Spain, it is composed of several local and specialized banks brands, subsidiaries, and associated banks. Particularly engaged with small and medium companies and wealthy individuals involved in international trade, Banco Sabadell has a network of more than 2,800 branches in Spain and abroad.

Website: – Market Cap.: $ 4.613 Billion – Stock symbol: SAB

26. Bankia

Bankia logoSector: Financial Services – Industry: Banks—Regional

Bankia is a banking corporation. It is involved in retail banking, corporate banking, investment banking, private banking, asset management, finance, and insurance. Bankia has operations in Spain and a representation office in Shanghai, China.

Website: – Market Cap.: $ 5.124 Billion – Stock symbol: BKIA

25. Bankinter

Bankinter logoSector: Financial Services – Industry: Banks—Regional

Bankinter, S.A., is a banking and financial services company. It operates in retail and business banking through a network of more than 400 offices, primarily located in Spain. Bankinter also owns the Spanish bank EVO banco.

Website: – Market Cap.: $ 5.28 Billion – Stock symbol: BKT

24. Acciona

Acciona logoSector: Industrials – Industry: Engineering & Construction

Acciona, S.A. is a conglomerate engaged in the development and management of infrastructure and renewable energy. Operating in construction, water, industrial and services, Acciona is engaged in the development of bridges, museums, dams, rail infrastructures, hospitals, and other public buildings in more than 30 countries.

Website: – Market Cap.: $ 5.486 Billion – Stock symbol: ANA

23. Merlin Properties

Merlin Properties logoSector: Real Estate – Industry: REIT—Diversified

Merlin Properties is a real estate company. Supported by large international funds including BlackRock, one of the largest American financial companies, it acquires, develops and manages offices, retail properties, shopping centers, logistics facilities and hotels in Spain and Portugal.

Website:  – Market Cap.: $ 5.985 Billion – Stock symbol: MRL

22. Inmobiliaria Colonial

Inmobiliaria Colonial logoSector: Real Estate – Industry: REIT—Office

Inmobiliaria Colonial is a real estate company. Tracing its origins to 1946, it gradually evolved from a bank to become a real estate management company involved in office buildings and logistics centers primarily operating in the Paris, Madrid, and Barcelona markets.

Website: – Market Cap.: $ 6.138 Billion – Stock symbol: COL

21. Enagás

Enagás logoSector: Utilities – Industry: Utilities—Regulated Gas

Enagás, S.A., originally shortened from Empresa Nacional del Gas, is a gas utility company. It owns and operates the Spanish national gas distribution grid and liquefied natural gas regasification terminals, as well as other gas assets. Besides its operations in Spain, Enagás also has activities in Mexico, Peru, Chile, Sweden, and the Trans Adriatic Pipeline European project.

Website: – Market Cap.: $ 6.341 Billion – Stock symbol: ENG

20. Mapfre

Mapfre logoSector: Financial Services – Industry: Insurance—Specialty

Mapfre, S.A. is an insurance company. Founded in 1933 as Mutualidad de la Agrupación de Propietarios de Fincas Rústicas de España, Mapfre has gradually become one of the largest insurance companies in Spain, operating in life and non-life insurance, as well as investment management. Besides Spain, Mapfre is also present in more than 40 countries, and particularly important in Latin America.

Website: – Market Cap.: $ 7.157 Billion – Stock symbol: MAP

19. ACS Group

ACS Group logoSector: Industrials – Industry: Engineering & Construction

Actividades de Construcción y Servicios, S.A., more simply known as ACS group, is a company specialized in civil and engineering construction, and services, as well as telecommunications. It operates in public works, residential and non-residential construction, transport infrastructure concessions, facility management, environmental services, logistics, and industrial services, particularly developed besides Spain in Germany, India, Brazil, Chile, Morocco, and Australia.

Website: – Market Cap.: $ 8.997 Billion – Stock symbol: ACS

18. Red Eléctrica de España

Red Eléctrica de España logoSector: Utilities – Industry: Utilities—Regulated Electric

Red Eléctrica de España is an electric utility company. It operates the national electricity transmission grid in Spain and is also involved through a number of subsidiaries in construction, infrastructure, industrial companies, and services. Red Eléctrica de España is a partly state-owned company that also holds assets in Portugal, Peru and Bolivia, and significant participation in other companies including Abertis, Iberdrola and Urbis.

Website: – Market Cap.: $ 9.714 Billion – Stock symbol: REE

17. Siemens Gamesa

Siemens Gamesa logoSector: Industrials – Industry: Specialty Industrial Machinery

Siemens Gamesa Renewable Energy S.A. is an engineering company manufacturing wind turbines and providing onshore and offshore wind services. One of the largest wind turbine manufacturers in the world, Siemens Gamesa has production facilities in Denmark, Morocco, China, the USA, Canada, UK, and Egypt. It is majority-owned by Siemens A.G., one of the largest German companies.

Website: – Market Cap.: $ 10.315 Billion – Stock symbol: SGRE

16. IAG

IAG logoSector: Industrials – Industry: Airlines

International Consolidated Airlines Group, S.A., more simply known as IAG, is an Anglo-Spanish multinational airline holding company. Formed in 2011 after the merger between the national carriers British Airways and Iberia (from Spain), IAG is now one of the largest airline operators in the world, owning both forming airlines as subsidiaries. IAG is listed on the London Stock Exchange and the Madrid Stock Exchange and a constituent of both countries benchmark indices, the FTSE 100 Index and IBEX 35 Index.

Website: – Market Cap.: $ 13.329 Billion – Stock symbol: IAG

15. ArcelorMittal

Sector: Basic Materials – Industry: Steel

ArcelorMittal logoArcelorMittal S.A. is the world’s largest steel producer. Headquartered in Luxembourg, ArcelorMittal was formed through the acquisition of the French company Arcelor by the Indian Mittal Steel. It is involved in research and development, mining, and steel production, especially manufacturing a wide range of products for the automotive industry. ArcelorMittal is also listed on several other stock exchanges, including Euronext Paris, where it is part of the French benchmark index CAC 40, as it is one of the largest companies in France.

Website: – Market Cap.: $ 13.565 Billion – Stock symbol: MTS

14. Cellnex Telecom

Cellnex Telecom logoSector: Communication Services – Industry: Telecom Services

Cellnex Telecom is a wireless telecommunications service and infrastructure company. It is operating in four key areas: services for telecommunications infrastructure, audiovisual broadcasting networks, security and emergency network services, and urban infrastructure management solutions.

Website: – Market Cap.: $ 14.603 Billion – Stock symbol: CLNX

13. CaixaBank

CaixaBank logoSector: Financial Services – Industry: Banks—Regional

CaixaBank, S.A. is a bank and financial services company. Involved in universal banking and insurance with La Caixa group, with more than 5,000 branches, CaixaBank operates the largest network of branches in Spain. It is also engaged in investment holdings, owning Banco BPI as well as minority shares of other financial institutions, Repsol and Telefónica. CaixaBank, S.A. is owned with a 40% stake by its parent, CriteriaCaixa.

Website: – Market Cap.: $ 15.926 Billion – Stock symbol: CABK

12. Grifols

Grifols logoSector: Healthcare – Industry: Drug Manufacturers—General

Grifols, S.A. is a multinational pharmaceutical and chemical company.  Primarily involved in the production of blood plasma-based products, Grifols also provides devices, instruments, and reagents for clinical testing laboratories.

Website: – Market Cap.: $ 18.37 Billion – Stock symbol: GRF

11. Repsol

Repsol logoSector: Energy – Industry: Oil & Gas Integrated

Repsol S.A. is an oil and gas company. Tracing its origins to 1948, Repsol now operates in vertically-integrated upstream and downstream oil and gas activities, including exploration and production, refining, distribution, marketing and trading, petrochemicals, and power generation.

Website: – Market Cap.: $ 19.239 Billion – Stock symbol: REP

10. Ferrovial

Ferrovial logoSector: Industrials – Industry: Infrastructure Operations

Ferrovial, S.A. is a multinational company specialized in infrastructure. It is engaged in the design, construction, financing, operation, and maintenance of transport infrastructure, including highways, toll roads and airports, buildings and waste collection and treatment facilities. Ferrovial operates in Spain, the US, UK, Canada, Poland, and Latin America.

Website: – Market Cap.: $ 20.797 Billion – Stock symbol: FER

9. Naturgy

Naturgy logoSector: Utilities – Industry: Utilities—Regulated Gas

Naturgy Energy Group S.A. is a natural gas and electric utilities company. It is involved in the supply, distribution, and commercialization of natural gas, and the production and distribution of electricity. Naturgy operates in Spain and other Western European countries, Latin America, Puerto Rico, Moldova, and Morocco.

Website: – Market Cap.: $ 22.885 Billion – Stock symbol: NTGY

8. Aena

Aena logoSector: Industrials – Industry: Airports & Air Services

Aena, SME S. A. is an airport management company. It operates 46 airports and 2 heliports in Spain as well as 15 airports directly in the United Kingdom, Colombia, and Mexico, or through a joint venture in Sweden and Bolivia. Aena is owned at 51% by the Spanish public company, Enaire.

Website: – Market Cap.: $ 25.275 Billion – Stock symbol: AENA

7. Endesa

Endesa logoSector: Utilities – Industry: Utilities—Regulated Electric

Endesa, S.A. is an electric utility company. Founded in 1944 under the name Empresa Nacional de Electricidad, Endesa operates in electricity generation and distribution from nuclear, fossil-fueled, hydroelectric, and renewable resource power plants. A majority-owned subsidiary of the Italian utility company Enel, Endesa also has interests in natural gas and telecommunications companies in Spain.

Website: – Market Cap.: $ 26.215 Billion – Stock symbol: ELE


BBVA logoSector: Financial Services – Industry: Banks—Diversified

Banco Bilbao Vizcaya Argentaria, S.A., more commonly known by its initials BBVA, is a multinational financial services company involved in banking, insurance, and asset management. Tracing its origins to 1857, BBVA has expanded its presence beyond Spain to South America, North America, Turkey, and Romania.

Website: – Market Cap.: $ 30.842 Billion – Stock symbol: BBVA

5. Amadeus

Amadeus logoSector: Technology – Industry: Information Technology Services

Amadeus IT Group, S.A., more simply known as Amadeus, is a technology company focused on the travel and tourism industry. It primarily operates a global distribution system that manages transactions between travel industry service providers (airlines, hotels, car rentals…) and travel agencies, and a customer management system for airlines’ sales and booking, inventory management, and departure control systems.

Website: – Market Cap.: $ 31.111 Billion – Stock symbol: AMS

4. Telefónica

Telefónica logoSector: Communication Services – Industry: Telecom Services

Telefónica, S.A. is a multinational telecommunications company. It is involved telephone and mobile network, together with fixed and mobile telephony, broadband and subscription television services under the brands Telefónica, Movistar, O2 and Vivo. Telefónica operates in multiple countries of Europe and the Americas.

Website: – Market Cap.: $ 31.466 Billion – Stock symbol: TEF

3. Banco Santander

Banco Santander logoSector: Financial Services – Industry: Banks—Diversified

Banco Santander, S.A., is a commercial bank and financial services company. It is involved in retail, corporate, investment and private banking, insurance, asset management, and private equity. Founded in 1857, Banco Santander has become one of the world’s largest banks, notably through acquisition, operating in numerous countries of Europe, South America, North America, and Asia.

Website: – Market Cap.: $ 59.202 Billion – Stock symbol: SAN

2. Iberdrola

Iberdrola logoSector: Utilities – Industry: Utilities—Diversified

Iberdrola is a multinational electric utility. It is engaged in electricity generation and distribution, renewable energy, natural gas production, sale and distribution, and telecommunications. Very involved in renewable energy, it is one of the world’s largest producers of wind power. Iberdrola operates directly or through subsidiaries in Spain, the United Kingdom (Scottish Power), USA (Avangrid), Brazil (Neoenergia), Mexico, Germany, Portugal, Italy, and France.

Website: – Market Cap.: $ 62.304 Billion – Stock symbol: IBE

1. Inditex

Inditex logoSector: Consumer Cyclical – Industry: Apparel Retail

Industria de Diseño Textil, S.A., more simply known as Inditex, is a multinational clothing company. Most famous for its flagship brand Zara, Inditex also operates multiple other brands including Zara Home, Massimo Dutti, Bershka, Oysho, Pull and Bear, Stradivarius and Uterqüe. Operating more than 7,200 stores in more than 90 countries, Inditex has become the largest fashion group in the world thanks to its customer-centric approach and ability to rapidly replenish stores with new designs.

Website: – Market Cap.: $ 95.143 Billion – Stock symbol: ITX

Summary: Top 10 companies from Spain 2020

To give you a quick overview of the largest companies in Spain in 2020, here is a synthesizing image regrouping the information of the top 10. Note that you can use this image to embed it on your website and other digital properties using the embed code below.

Top 10 companies from Spain 2020

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<a href="" target="_blank" rel="noopener noreferrer"><img src="" alt="Top 10 companies from Spain 2020"></a>

Here are the 30 largest Spanish public listed companies on the Madrid Stock Exchange. Do you think they are worth their market capitalization? Are their stocks a good investment right now? Do they have too much economic power… and maybe political power too?

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