ENEL SPA (ENL.DE) Fundamental Analysis & Valuation

FRA:ENL • IT0003128367

9.468 EUR
-0.1 (-1.02%)
Last: Mar 5, 2026, 05:29 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This ENL.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall ENL gets a fundamental rating of 5 out of 10. We evaluated ENL against 26 industry peers in the Electric Utilities industry. While ENL belongs to the best of the industry regarding profitability, there are concerns on its financial health. ENL has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally ENL also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. ENL.DE Profitability Analysis

1.1 Basic Checks

  • In the past year ENL was profitable.
  • In the past year ENL had a positive cash flow from operations.
  • In the past 5 years ENL has always been profitable.
  • ENL had a positive operating cash flow in each of the past 5 years.
ENL.DE Yearly Net Income VS EBIT VS OCF VS FCFENL.DE 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

  • Looking at the Return On Assets, with a value of 5.59%, ENL is in the better half of the industry, outperforming 73.08% of the companies in the same industry.
  • With an excellent Return On Equity value of 29.11%, ENL belongs to the best of the industry, outperforming 88.46% of the companies in the same industry.
  • ENL has a better Return On Invested Capital (9.13%) than 80.77% of its industry peers.
  • ENL had an Average Return On Invested Capital over the past 3 years of 5.54%. This is in line with the industry average of 6.40%.
  • The last Return On Invested Capital (9.13%) for ENL is above the 3 year average (5.54%), which is a sign of increasing profitability.
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%
ENL.DE Yearly ROA, ROE, ROICENL.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • ENL has a Profit Margin of 8.49%. This is in the lower half of the industry: ENL underperforms 69.23% of its industry peers.
  • ENL's Profit Margin has improved in the last couple of years.
  • ENL has a worse Operating Margin (15.91%) than 61.54% of its industry peers.
  • ENL's Operating Margin has improved in the last couple of years.
  • ENL has a Gross Margin (57.91%) which is comparable to the rest of the industry.
  • ENL's Gross Margin has been stable in the last couple of years.
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%
ENL.DE Yearly Profit, Operating, Gross MarginsENL.DE 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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3

2. ENL.DE Health Analysis

2.1 Basic Checks

  • ENL 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, ENL has about the same amount of shares outstanding.
  • Compared to 5 years ago, ENL has about the same amount of shares outstanding.
  • ENL has a better debt/assets ratio than last year.
ENL.DE Yearly Shares OutstandingENL.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B
ENL.DE Yearly Total Debt VS Total AssetsENL.DE 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 1.50, we must say that ENL is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.50, ENL is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
  • The Debt to FCF ratio of ENL is 17.81, which is on the high side as it means it would take ENL, 17.81 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 17.81, ENL is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
  • A Debt/Equity ratio of 1.69 is on the high side and indicates that ENL has dependencies on debt financing.
  • ENL has a worse Debt to Equity ratio (1.69) than 69.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.69
Debt/FCF 17.81
Altman-Z 1.5
ROIC/WACC1.36
WACC6.69%
ENL.DE Yearly LT Debt VS Equity VS FCFENL.DE 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 ENL may have some problems paying its short term obligations.
  • The Current ratio of ENL (0.79) is worse than 69.23% of its industry peers.
  • ENL has a Quick Ratio of 0.79. This is a bad value and indicates that ENL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ENL has a worse Quick ratio (0.71) than 61.54% of its industry peers.
Industry RankSector Rank
Current Ratio 0.79
Quick Ratio 0.71
ENL.DE Yearly Current Assets VS Current LiabilitesENL.DE 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. ENL.DE Growth Analysis

3.1 Past

  • ENL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.86%.
  • Measured over the past years, ENL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.23% on average per year.
  • ENL shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.42%.
  • ENL 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

  • ENL is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.06% yearly.
  • The Revenue is expected to grow by 1.88% on average over the next years.
EPS Next Y3.02%
EPS Next 2Y3.39%
EPS Next 3Y3.37%
EPS Next 5Y2.06%
Revenue Next Year-9.97%
Revenue Next 2Y-4.54%
Revenue Next 3Y-2.53%
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ENL.DE Yearly Revenue VS EstimatesENL.DE 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
ENL.DE Yearly EPS VS EstimatesENL.DE 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. ENL.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.13, which indicates a correct valuation of ENL.
  • Based on the Price/Earnings ratio, ENL is valued a bit cheaper than the industry average as 73.08% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.03, ENL is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 12.97, ENL is valued correctly.
  • Based on the Price/Forward Earnings ratio, ENL is valued cheaper than 80.77% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 25.11. ENL is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.13
Fwd PE 12.97
ENL.DE Price Earnings VS Forward Price EarningsENL.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ENL is valued cheaply inside the industry as 88.46% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, ENL is valued a bit cheaper than 76.92% of the companies in the same industry.
Industry RankSector Rank
P/FCF 26.07
EV/EBITDA 5.71
ENL.DE Per share dataENL.DE 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 an expensive valuation of the company.
  • ENL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.68
PEG (5Y)1.72
EPS Next 2Y3.39%
EPS Next 3Y3.37%

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7

5. ENL.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.82%, ENL is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.95, ENL pays a better dividend. On top of this ENL pays more dividend than 84.62% of the companies listed in the same industry.
  • ENL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.82%

5.2 History

  • The dividend of ENL has a limited annual growth rate of 5.33%.
Dividend Growth(5Y)5.33%
Div Incr Years3
Div Non Decr Years3
ENL.DE Yearly Dividends per shareENL.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 52.39% of the earnings are spent on dividend by ENL. This is a bit on the high side, but may be sustainable.
  • ENL'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%
ENL.DE Yearly Income VS Free CF VS DividendENL.DE 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
ENL.DE Dividend Payout.ENL.DE Dividend Payout, showing the Payout Ratio.ENL.DE Dividend Payout.PayoutRetained Earnings

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ENL.DE Fundamentals: All Metrics, Ratios and Statistics

ENEL SPA

FRA:ENL (3/5/2026, 5:29:00 PM)

9.468

-0.1 (-1.02%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-13
Earnings (Next)03-19
Inst Owners29.35%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap96.26B
Revenue(TTM)73.91B
Net Income(TTM)10.03B
Analysts75.76
Price Target9.71 (2.56%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.82%
Yearly Dividend0.5
Dividend Growth(5Y)5.33%
DP52.39%
Div Incr Years3
Div Non Decr Years3
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)2.81%
PT rev (3m)10.7%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)1.09%
Revenue NY rev (3m)-0.74%
Valuation
Industry RankSector Rank
PE 14.13
Fwd PE 12.97
P/S 0.81
P/FCF 26.07
P/OCF 7.45
P/B 2.79
P/tB 15.62
EV/EBITDA 5.71
EPS(TTM)0.67
EY7.08%
EPS(NY)0.73
Fwd EY7.71%
FCF(TTM)0.36
FCFY3.84%
OCF(TTM)1.27
OCFY13.42%
SpS11.63
BVpS3.39
TBVpS0.61
PEG (NY)4.68
PEG (5Y)1.72
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 1.5
F-Score6
WACC6.69%
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-9.97%
Revenue Next 2Y-4.54%
Revenue Next 3Y-2.53%
Revenue Next 5Y1.88%
EBIT growth 1Y-20.19%
EBIT growth 3Y28.61%
EBIT growth 5Y3.23%
EBIT Next Year50.82%
EBIT Next 3Y16.92%
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 / ENL.DE FAQ

What is the fundamental rating for ENL stock?

ChartMill assigns a fundamental rating of 5 / 10 to ENL.DE.


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

ChartMill assigns a valuation rating of 6 / 10 to ENEL SPA (ENL.DE). This can be considered as Fairly Valued.


What is the profitability of ENL stock?

ENEL SPA (ENL.DE) has a profitability rating of 7 / 10.


How financially healthy is ENEL SPA?

The financial health rating of ENEL SPA (ENL.DE) is 3 / 10.


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

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