Company Valuation: Endesa, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 21,385 18,668 19,540 21,986 31,903 42,863 - -
Change - -12.7% 4.67% 12.52% 45.11% 34.35% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 42,013 53,800 55,480 56,516
Change - -4.9% 1.38% 4.47% 34.3% 28.05% 3.12% 1.87%
P/E 14.9x 7.35x 26.4x 11.7x 14.6x 17.8x 17.5x 17.1x
PBR 3.97x 3.36x 2.78x 2.43x 4.43x 4.77x 4.56x 4.32x
PEG - 0.1x -0.4x 0x 0.8x 1.92x 9.38x 7.19x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.96x 1.97x 1.96x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.96x 2.46x 2.55x 2.58x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 7.3x 8.96x 9.14x 9.07x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 12.6x 14.9x 15.2x 15.1x
EV / FCF 57.6x -64.2x 12.4x 18.2x 19x 34x 38.8x 38.8x
FCF Yield 1.74% -1.56% 8.06% 5.5% 5.25% 2.94% 2.57% 2.57%
Dividend per Share 2 1.437 1.585 1 1.318 1.32 1.638 1.716 1.774
Rate of return 7.11% 8.99% 5.42% 6.34% 4.31% 4% 4.2% 4.34%
EPS 2 1.36 2.4 0.7 1.78 2.1 2.295 2.337 2.393
Distribution rate 106% 66.1% 143% 74% 62.9% 71.4% 73.4% 74.1%
Net sales 1 20,899 32,896 25,459 21,307 21,424 21,903 21,722 21,909
EBITDA 1 4,278 5,565 3,777 5,293 5,756 6,002 6,071 6,231
EBIT 1 2,573 3,687 1,645 3,071 3,331 3,622 3,653 3,745
Net income 1 1,435 2,541 742 1,888 2,198 2,379 2,372 2,410
Net Debt 1 9,675 10,869 10,405 9,298 10,110 10,937 12,617 13,654
Reference price 2 20.20 17.64 18.46 20.77 30.63 40.90 40.90 40.90
Nbr of stocks (in thousands) 1,058,669 1,058,590 1,058,517 1,058,550 1,041,573 1,047,992 - -
Announcement Date 2/22/22 2/24/23 2/28/24 2/22/25 2/23/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.4x5.49x39.9x0.2% 265B
22.04x9.31x16.09x2.77% 185B
20.61x4.21x11.64x3.42% 154B
13.81x1.97x6.93x5.17% 114B
21.54x6.01x13.28x3.15% 109B
19.06x5.72x11.5x3.4% 100B
22.02x3.35x13.1x0.63% 96.42B
20.88x5.34x12.73x2.89% 72.69B
19.53x6.28x13.74x3.8% 61.8B
Average 21.32x 5.30x 15.44x 2.83% 128.76B
Weighted average by Cap. 22.90x 5.51x 18.81x 2.48%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield