ENEL SPA (ENEL.MI) Stock Fundamental Analysis

BIT:ENEL • IT0003128367

9.306 EUR
-0.28 (-2.9%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, ENEL scores 4 out of 10 in our fundamental rating. ENEL was compared to 27 industry peers in the Electric Utilities industry. ENEL has a medium profitability rating, but doesn't score so well on its financial health evaluation. ENEL is valued correctly, but it does not seem to be growing. ENEL also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year ENEL was profitable.
  • In the past year ENEL had a positive cash flow from operations.
  • In the past 5 years ENEL has always been profitable.
  • In the past 5 years ENEL always reported a positive cash flow from operatings.
ENEL.MI Yearly Net Income VS EBIT VS OCF VS FCFENEL.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

1.2 Ratios

  • ENEL's Return On Assets of 5.59% is fine compared to the rest of the industry. ENEL outperforms 70.37% of its industry peers.
  • Looking at the Return On Equity, with a value of 29.11%, ENEL belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
  • ENEL has a better Return On Invested Capital (9.13%) than 77.78% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ENEL is in line with the industry average of 6.53%.
  • The 3 year average ROIC (5.54%) for ENEL is below the current ROIC(9.13%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.59%
ROE 29.11%
ROIC 9.13%
ROA(3y)2.09%
ROA(5y)1.88%
ROE(3y)12.5%
ROE(5y)11.49%
ROIC(3y)5.54%
ROIC(5y)4.95%
ENEL.MI Yearly ROA, ROE, ROICENEL.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • ENEL has a worse Profit Margin (8.49%) than 70.37% of its industry peers.
  • ENEL's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 15.91%, ENEL is doing worse than 62.96% of the companies in the same industry.
  • ENEL's Operating Margin has improved in the last couple of years.
  • ENEL has a Gross Margin of 57.91%. This is comparable to the rest of the industry: ENEL outperforms 51.85% of its industry peers.
  • In the last couple of years the Gross Margin of ENEL has remained more or less at the same level.
Industry RankSector Rank
OM 15.91%
PM (TTM) 8.49%
GM 57.91%
OM growth 3Y33.08%
OM growth 5Y4.17%
PM growth 3Y34.59%
PM growth 5Y27.56%
GM growth 3Y11.91%
GM growth 5Y1.22%
ENEL.MI Yearly Profit, Operating, Gross MarginsENEL.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ENEL is creating some value.
  • Compared to 1 year ago, ENEL has about the same amount of shares outstanding.
  • Compared to 5 years ago, ENEL has about the same amount of shares outstanding.
  • Compared to 1 year ago, ENEL has an improved debt to assets ratio.
ENEL.MI Yearly Shares OutstandingENEL.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B
ENEL.MI Yearly Total Debt VS Total AssetsENEL.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B 200B

2.2 Solvency

  • Based on the Altman-Z score of 1.49, we must say that ENEL is in the distress zone and has some risk of bankruptcy.
  • ENEL has a Altman-Z score of 1.49. This is comparable to the rest of the industry: ENEL outperforms 59.26% of its industry peers.
  • ENEL has a debt to FCF ratio of 17.81. This is a negative value and a sign of low solvency as ENEL would need 17.81 years to pay back of all of its debts.
  • ENEL's Debt to FCF ratio of 17.81 is fine compared to the rest of the industry. ENEL outperforms 70.37% of its industry peers.
  • ENEL has a Debt/Equity ratio of 1.69. This is a high value indicating a heavy dependency on external financing.
  • ENEL's Debt to Equity ratio of 1.69 is on the low side compared to the rest of the industry. ENEL is outperformed by 62.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.69
Debt/FCF 17.81
Altman-Z 1.49
ROIC/WACC1.36
WACC6.7%
ENEL.MI Yearly LT Debt VS Equity VS FCFENEL.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B

2.3 Liquidity

  • A Current Ratio of 0.79 indicates that ENEL may have some problems paying its short term obligations.
  • With a Current ratio value of 0.79, ENEL is not doing good in the industry: 70.37% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.71 indicates that ENEL may have some problems paying its short term obligations.
  • ENEL has a Quick ratio of 0.71. This is in the lower half of the industry: ENEL underperforms 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.79
Quick Ratio 0.71
ENEL.MI Yearly Current Assets VS Current LiabilitesENEL.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for ENEL have decreased by -3.86% in the last year.
  • ENEL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.23% yearly.
  • Looking at the last year, ENEL shows a very negative growth in Revenue. The Revenue has decreased by -20.42% in the last year.
  • ENEL shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.91% yearly.
EPS 1Y (TTM)-3.86%
EPS 3Y8.82%
EPS 5Y8.23%
EPS Q2Q%0%
Revenue 1Y (TTM)-20.42%
Revenue growth 3Y-3.36%
Revenue growth 5Y-0.91%
Sales Q2Q%-11.02%

3.2 Future

  • Based on estimates for the next years, ENEL will show a small growth in Earnings Per Share. The EPS will grow by 2.06% on average per year.
  • ENEL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.88% yearly.
EPS Next Y3.02%
EPS Next 2Y3.39%
EPS Next 3Y3.37%
EPS Next 5Y2.06%
Revenue Next Year-10.94%
Revenue Next 2Y-5.54%
Revenue Next 3Y-2.56%
Revenue Next 5Y1.88%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ENEL.MI Yearly Revenue VS EstimatesENEL.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B 80B 100B
ENEL.MI Yearly EPS VS EstimatesENEL.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.2 0.4 0.6

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5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 13.89 indicates a correct valuation of ENEL.
  • Based on the Price/Earnings ratio, ENEL is valued a bit cheaper than the industry average as 74.07% of the companies are valued more expensively.
  • ENEL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.68.
  • A Price/Forward Earnings ratio of 12.75 indicates a correct valuation of ENEL.
  • 77.78% of the companies in the same industry are more expensive than ENEL, based on the Price/Forward Earnings ratio.
  • ENEL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 13.89
Fwd PE 12.75
ENEL.MI Price Earnings VS Forward Price EarningsENEL.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 88.89% of the companies in the same industry are more expensive than ENEL, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENEL indicates a somewhat cheap valuation: ENEL is cheaper than 77.78% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 25.62
EV/EBITDA 5.61
ENEL.MI Per share dataENEL.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ENEL does not grow enough to justify the current Price/Earnings ratio.
  • ENEL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.6
PEG (5Y)1.69
EPS Next 2Y3.39%
EPS Next 3Y3.37%

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7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.90%, ENEL is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.94, ENEL pays a better dividend. On top of this ENEL pays more dividend than 85.19% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.84, ENEL pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.9%

5.2 History

  • The dividend of ENEL has a limited annual growth rate of 5.33%.
Dividend Growth(5Y)5.33%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 52.39% of the earnings are spent on dividend by ENEL. This is a bit on the high side, but may be sustainable.
  • ENEL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP52.39%
EPS Next 2Y3.39%
EPS Next 3Y3.37%
ENEL.MI Yearly Income VS Free CF VS DividendENEL.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B -4B 6B
ENEL.MI Dividend Payout.ENEL.MI Dividend Payout, showing the Payout Ratio.ENEL.MI Dividend Payout.PayoutRetained Earnings

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ENEL SPA

BIT:ENEL (2/13/2026, 7:00:00 PM)

9.306

-0.28 (-2.9%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-05
Earnings (Next)05-07
Inst Owners29.35%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap94.61B
Revenue(TTM)73.91B
Net Income(TTM)10.03B
Analysts75.76
Price Target9.59 (3.05%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.9%
Yearly Dividend0.5
Dividend Growth(5Y)5.33%
DP52.39%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.07%
Min EPS beat(2)-7.1%
Max EPS beat(2)6.95%
EPS beat(4)3
Avg EPS beat(4)3.6%
Min EPS beat(4)-7.1%
Max EPS beat(4)13.49%
EPS beat(8)4
Avg EPS beat(8)-2.85%
EPS beat(12)6
Avg EPS beat(12)37.83%
EPS beat(16)7
Avg EPS beat(16)25.14%
Revenue beat(2)1
Avg Revenue beat(2)-1.62%
Min Revenue beat(2)-13.98%
Max Revenue beat(2)10.73%
Revenue beat(4)1
Avg Revenue beat(4)-13.14%
Min Revenue beat(4)-46.57%
Max Revenue beat(4)10.73%
Revenue beat(8)1
Avg Revenue beat(8)-22.78%
Revenue beat(12)5
Avg Revenue beat(12)28.36%
Revenue beat(16)9
Avg Revenue beat(16)52.71%
PT rev (1m)2.7%
PT rev (3m)9.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.28%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.81%
Valuation
Industry RankSector Rank
PE 13.89
Fwd PE 12.75
P/S 0.8
P/FCF 25.62
P/OCF 7.33
P/B 2.75
P/tB 15.35
EV/EBITDA 5.61
EPS(TTM)0.67
EY7.2%
EPS(NY)0.73
Fwd EY7.84%
FCF(TTM)0.36
FCFY3.9%
OCF(TTM)1.27
OCFY13.65%
SpS11.63
BVpS3.39
TBVpS0.61
PEG (NY)4.6
PEG (5Y)1.69
Graham Number7.15
Profitability
Industry RankSector Rank
ROA 5.59%
ROE 29.11%
ROCE 13.99%
ROIC 9.13%
ROICexc 9.69%
ROICexgc 12.45%
OM 15.91%
PM (TTM) 8.49%
GM 57.91%
FCFM 3.12%
ROA(3y)2.09%
ROA(5y)1.88%
ROE(3y)12.5%
ROE(5y)11.49%
ROIC(3y)5.54%
ROIC(5y)4.95%
ROICexc(3y)6.14%
ROICexc(5y)5.49%
ROICexgc(3y)7.92%
ROICexgc(5y)7.19%
ROCE(3y)8.82%
ROCE(5y)7.93%
ROICexgc growth 3Y26.67%
ROICexgc growth 5Y0.76%
ROICexc growth 3Y28.19%
ROICexc growth 5Y2.12%
OM growth 3Y33.08%
OM growth 5Y4.17%
PM growth 3Y34.59%
PM growth 5Y27.56%
GM growth 3Y11.91%
GM growth 5Y1.22%
F-Score6
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 1.69
Debt/FCF 17.81
Debt/EBITDA 2.22
Cap/Depr 124.52%
Cap/Sales 7.8%
Interest Coverage 3.82
Cash Conversion 49.27%
Profit Quality 36.81%
Current Ratio 0.79
Quick Ratio 0.71
Altman-Z 1.49
F-Score6
WACC6.7%
ROIC/WACC1.36
Cap/Depr(3y)147.18%
Cap/Depr(5y)143.04%
Cap/Sales(3y)12.42%
Cap/Sales(5y)13.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.86%
EPS 3Y8.82%
EPS 5Y8.23%
EPS Q2Q%0%
EPS Next Y3.02%
EPS Next 2Y3.39%
EPS Next 3Y3.37%
EPS Next 5Y2.06%
Revenue 1Y (TTM)-20.42%
Revenue growth 3Y-3.36%
Revenue growth 5Y-0.91%
Sales Q2Q%-11.02%
Revenue Next Year-10.94%
Revenue Next 2Y-5.54%
Revenue Next 3Y-2.56%
Revenue Next 5Y1.88%
EBIT growth 1Y-20.19%
EBIT growth 3Y28.61%
EBIT growth 5Y3.23%
EBIT Next Year50.88%
EBIT Next 3Y16.95%
EBIT Next 5Y10.33%
FCF growth 1Y472.65%
FCF growth 3YN/A
FCF growth 5Y8.94%
OCF growth 1Y0.23%
OCF growth 3Y10.07%
OCF growth 5Y3.28%

ENEL SPA / ENEL.MI FAQ

Can you provide the ChartMill fundamental rating for ENEL SPA?

ChartMill assigns a fundamental rating of 4 / 10 to ENEL.MI.


What is the valuation status of ENEL SPA (ENEL.MI) stock?

ChartMill assigns a valuation rating of 5 / 10 to ENEL SPA (ENEL.MI). This can be considered as Fairly Valued.


What is the profitability of ENEL stock?

ENEL SPA (ENEL.MI) has a profitability rating of 6 / 10.


What is the expected EPS growth for ENEL SPA (ENEL.MI) stock?

The Earnings per Share (EPS) of ENEL SPA (ENEL.MI) is expected to grow by 3.02% in the next year.


How sustainable is the dividend of ENEL SPA (ENEL.MI) stock?

The dividend rating of ENEL SPA (ENEL.MI) is 7 / 10 and the dividend payout ratio is 52.39%.