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 40,861 - -
Change - -12.7% 4.67% 12.52% 45.11% 28.08% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 42,013 51,843 53,554 54,529
Change - -4.9% 1.38% 4.47% 34.3% 23.4% 3.3% 1.82%
P/E 14.9x 7.35x 26.4x 11.7x 14.6x 17x 16.7x 16.3x
PBR 3.97x 3.36x 2.78x 2.43x 4.43x 4.55x 4.35x 4.11x
PEG - 0.1x -0.4x 0x 0.8x 1.9x 7.75x 7.25x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.87x 1.89x 1.87x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.96x 2.37x 2.47x 2.5x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 7.3x 8.65x 8.83x 8.76x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 12.6x 14.3x 14.7x 14.6x
EV / FCF 57.6x -64.2x 12.4x 18.2x 19x 32.8x 37.5x 37.5x
FCF Yield 1.74% -1.56% 8.06% 5.5% 5.25% 3.05% 2.67% 2.67%
Dividend per Share 2 1.437 1.585 1 1.318 1.32 1.64 1.719 1.775
Rate of return 7.11% 8.99% 5.42% 6.34% 4.31% 4.2% 4.41% 4.55%
EPS 2 1.36 2.4 0.7 1.78 2.1 2.288 2.337 2.389
Distribution rate 106% 66.1% 143% 74% 62.9% 71.7% 73.5% 74.3%
Net sales 1 20,899 32,896 25,459 21,307 21,424 21,885 21,674 21,841
EBITDA 1 4,278 5,565 3,777 5,293 5,756 5,991 6,067 6,224
EBIT 1 2,573 3,687 1,645 3,071 3,331 3,621 3,655 3,745
Net income 1 1,435 2,541 742 1,888 2,198 2,372 2,368 2,401
Net Debt 1 9,675 10,869 10,405 9,298 10,110 10,982 12,693 13,667
Reference price 2 20.20 17.64 18.46 20.77 30.63 38.99 38.99 38.99
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.($)
35.72x6.27x45.87x0.18% 293B
21.97x9.23x15.26x2.8% 183B
20.73x4.31x11.7x3.48% 159B
14.02x1.99x6.98x5.09% 116B
21.5x5.98x13.21x3.18% 108B
18.58x5.65x11.27x3.49% 97.82B
20.52x3.15x12.37x0.67% 89.77B
21.24x5.34x12.83x2.85% 73.69B
19.47x6.41x13.73x3.81% 61.64B
Average 21.53x 5.37x 15.91x 2.84% 131.45B
Weighted average by Cap. 23.82x 5.68x 20.59x 2.45%

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