ENEL SPA (ENEL.MI) Stock Fundamental Analysis
BIT:ENEL - Euronext Milan - IT0003128367 - Common Stock - Currency: EUR
Taking everything into account, ENEL scores 4 out of 10 in our fundamental rating. ENEL was compared to 15 industry peers in the Electric Utilities industry. There are concerns on the financial health of ENEL while its profitability can be described as average. ENEL is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
ENEL had positive earnings in the past year.
In the past year ENEL had a positive cash flow from operations.
ENEL had positive earnings in each of the past 5 years.
ENEL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.80%, ENEL is in line with its industry, outperforming 60.00% of the companies in the same industry.
ENEL's Return On Equity of 28.96% is fine compared to the rest of the industry. ENEL outperforms 80.00% of its industry peers.
ENEL has a better Return On Invested Capital (9.24%) than 66.67% of its industry peers.
ENEL had an Average Return On Invested Capital over the past 3 years of 5.54%. This is below the industry average of 9.01%.
The 3 year average ROIC (5.54%) for ENEL is below the current ROIC(9.24%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.8% | ||
| ROE | 28.96% | ||
| ROIC | 9.24% |
ROA(3y)2.09%
ROA(5y)1.88%
ROE(3y)12.5%
ROE(5y)11.49%
ROIC(3y)5.54%
ROIC(5y)4.95%
1.3 Margins
ENEL has a Profit Margin (9.36%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of ENEL has grown nicely.
ENEL has a Operating Margin (17.26%) which is comparable to the rest of the industry.
ENEL's Operating Margin has improved in the last couple of years.
ENEL has a better Gross Margin (60.71%) than 80.00% of its industry peers.
ENEL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.26% | ||
| PM (TTM) | 9.36% | ||
| GM | 60.71% |
OM growth 3Y33.08%
OM growth 5Y4.17%
PM growth 3Y34.59%
PM growth 5Y27.56%
GM growth 3Y11.91%
GM growth 5Y1.22%
2. Health
2.1 Basic Checks
ENEL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ENEL has about the same amount of shares outstanding.
The number of shares outstanding for ENEL remains at a similar level compared to 5 years ago.
Compared to 1 year ago, ENEL has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.42, we must say that ENEL is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.42, ENEL is in line with its industry, outperforming 60.00% of the companies in the same industry.
The Debt to FCF ratio of ENEL is 28.21, which is on the high side as it means it would take ENEL, 28.21 years of fcf income to pay off all of its debts.
ENEL has a Debt to FCF ratio of 28.21. This is comparable to the rest of the industry: ENEL outperforms 53.33% of its industry peers.
A Debt/Equity ratio of 1.64 is on the high side and indicates that ENEL has dependencies on debt financing.
The Debt to Equity ratio of ENEL (1.64) is worse than 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.64 | ||
| Debt/FCF | 28.21 | ||
| Altman-Z | 1.42 |
ROIC/WACC1.37
WACC6.74%
2.3 Liquidity
ENEL has a Current Ratio of 0.87. This is a bad value and indicates that ENEL is not financially healthy enough and could expect problems in meeting its short term obligations.
ENEL has a worse Current ratio (0.87) than 73.33% of its industry peers.
A Quick Ratio of 0.80 indicates that ENEL may have some problems paying its short term obligations.
ENEL has a Quick ratio of 0.80. This is in the lower half of the industry: ENEL underperforms 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
ENEL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.45%.
Measured over the past years, ENEL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.23% on average per year.
The Revenue for ENEL has decreased by -15.35% in the past year. This is quite bad
Measured over the past years, ENEL shows a decrease in Revenue. The Revenue has been decreasing by -0.91% on average per year.
EPS 1Y (TTM)0.45%
EPS 3Y8.82%
EPS 5Y8.23%
EPS Q2Q%-9.52%
Revenue 1Y (TTM)-15.35%
Revenue growth 3Y-3.36%
Revenue growth 5Y-0.91%
Sales Q2Q%13.6%
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 1.24% on average per year.
Based on estimates for the next years, ENEL will show a decrease in Revenue. The Revenue will decrease by -1.10% on average per year.
EPS Next Y1.37%
EPS Next 2Y1.76%
EPS Next 3Y2.16%
EPS Next 5Y1.24%
Revenue Next Year-4.53%
Revenue Next 2Y-2.65%
Revenue Next 3Y-2.38%
Revenue Next 5Y-1.1%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.06 indicates a correct valuation of ENEL.
80.00% of the companies in the same industry are more expensive than ENEL, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.34, ENEL is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.25, the valuation of ENEL can be described as reasonable.
ENEL's Price/Forward Earnings ratio is rather cheap when compared to the industry. ENEL is cheaper than 86.67% of the companies in the same industry.
ENEL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.06 | ||
| Fwd PE | 11.25 |
4.2 Price Multiples
73.33% of the companies in the same industry are more expensive than ENEL, based on the Enterprise Value to EBITDA ratio.
ENEL's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.65 | ||
| EV/EBITDA | 4.78 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ENEL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)8.77
PEG (5Y)1.47
EPS Next 2Y1.76%
EPS Next 3Y2.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.86%, ENEL is a good candidate for dividend investing.
ENEL's Dividend Yield is a higher than the industry average which is at 4.41.
ENEL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.86% |
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
ENEL pays out 48.67% of its income as dividend. 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.
DP48.67%
EPS Next 2Y1.76%
EPS Next 3Y2.16%
BIT:ENEL (6/18/2025, 7:00:00 PM)
7.959
-0.01 (-0.11%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners26.63%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap80.92B
Analysts82.42
Price Target8.49 (6.67%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.86% |
Yearly Dividend0.5
Dividend Growth(5Y)5.33%
DP48.67%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.2%
Min EPS beat(2)-7.1%
Max EPS beat(2)13.49%
EPS beat(4)2
Avg EPS beat(4)-0.54%
Min EPS beat(4)-9.58%
Max EPS beat(4)13.49%
EPS beat(8)4
Avg EPS beat(8)0.27%
EPS beat(12)5
Avg EPS beat(12)34.42%
EPS beat(16)6
Avg EPS beat(16)24.35%
Revenue beat(2)1
Avg Revenue beat(2)-17.92%
Min Revenue beat(2)-46.57%
Max Revenue beat(2)10.73%
Revenue beat(4)1
Avg Revenue beat(4)-16.43%
Min Revenue beat(4)-46.57%
Max Revenue beat(4)10.73%
Revenue beat(8)2
Avg Revenue beat(8)-20.69%
Revenue beat(12)6
Avg Revenue beat(12)44.61%
Revenue beat(16)10
Avg Revenue beat(16)59.24%
PT rev (1m)2.15%
PT rev (3m)4.67%
EPS NQ rev (1m)2.94%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.03%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.06 | ||
| Fwd PE | 11.25 | ||
| P/S | 0.7 | ||
| P/FCF | 32.65 | ||
| P/OCF | 6.73 | ||
| P/B | 2.18 | ||
| P/tB | 3.41 | ||
| EV/EBITDA | 4.78 |
EPS(TTM)0.66
EY8.29%
EPS(NY)0.71
Fwd EY8.89%
FCF(TTM)0.24
FCFY3.06%
OCF(TTM)1.18
OCFY14.87%
SpS11.3
BVpS3.65
TBVpS2.34
PEG (NY)8.77
PEG (5Y)1.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.8% | ||
| ROE | 28.96% | ||
| ROCE | 14.03% | ||
| ROIC | 9.24% | ||
| ROICexc | 10.31% | ||
| ROICexgc | 11.52% | ||
| OM | 17.26% | ||
| PM (TTM) | 9.36% | ||
| GM | 60.71% | ||
| FCFM | 2.16% |
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%
ROICexcg growth 3Y26.67%
ROICexcg 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-Score7
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.64 | ||
| Debt/FCF | 28.21 | ||
| Debt/EBITDA | 2.25 | ||
| Cap/Depr | 130.21% | ||
| Cap/Sales | 8.31% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 44.28% | ||
| Profit Quality | 23.05% | ||
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | 1.42 |
F-Score7
WACC6.74%
ROIC/WACC1.37
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)0.45%
EPS 3Y8.82%
EPS 5Y8.23%
EPS Q2Q%-9.52%
EPS Next Y1.37%
EPS Next 2Y1.76%
EPS Next 3Y2.16%
EPS Next 5Y1.24%
Revenue 1Y (TTM)-15.35%
Revenue growth 3Y-3.36%
Revenue growth 5Y-0.91%
Sales Q2Q%13.6%
Revenue Next Year-4.53%
Revenue Next 2Y-2.65%
Revenue Next 3Y-2.38%
Revenue Next 5Y-1.1%
EBIT growth 1Y-14.01%
EBIT growth 3Y28.61%
EBIT growth 5Y3.23%
EBIT Next Year51.43%
EBIT Next 3Y17.14%
EBIT Next 5Y10.33%
FCF growth 1Y384.17%
FCF growth 3YN/A
FCF growth 5Y8.94%
OCF growth 1Y-6.3%
OCF growth 3Y10.07%
OCF growth 5Y3.28%