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 42,693 - -
Change - -12.7% 4.67% 12.52% 45.11% 33.82% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 42,013 53,562 55,181 56,190
Change - -4.9% 1.38% 4.47% 34.3% 27.49% 3.02% 1.83%
P/E 14.9x 7.35x 26.4x 11.7x 14.6x 17.7x 17.6x 17.2x
PBR 3.97x 3.36x 2.78x 2.43x 4.43x 4.96x 4.61x 4.35x
PEG - 0.1x -0.4x 0x 0.8x 1.4x 27.46x 8.3x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.92x 1.95x 1.94x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.96x 2.41x 2.52x 2.56x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 7.3x 8.83x 9.03x 8.97x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 12.6x 14.6x 14.9x 14.8x
EV / FCF 57.6x -64.2x 12.4x 18.2x 19x 31.9x 38.6x 38.6x
FCF Yield 1.74% -1.56% 8.06% 5.5% 5.25% 3.14% 2.59% 2.59%
Dividend per Share 2 1.437 1.585 1 1.318 1.32 1.708 1.748 1.797
Rate of return 7.11% 8.99% 5.42% 6.34% 4.31% 4.1% 4.19% 4.31%
EPS 2 1.36 2.4 0.7 1.78 2.1 2.358 2.373 2.422
Distribution rate 106% 66.1% 143% 74% 62.9% 72.5% 73.7% 74.2%
Net sales 1 20,899 32,896 25,459 21,307 21,424 22,215 21,882 21,981
EBITDA 1 4,278 5,565 3,777 5,293 5,756 6,064 6,109 6,263
EBIT 1 2,573 3,687 1,645 3,071 3,331 3,680 3,697 3,784
Net income 1 1,435 2,541 742 1,888 2,198 2,464 2,402 2,433
Net Debt 1 9,675 10,869 10,405 9,298 10,110 10,869 12,488 13,497
Reference price 2 20.20 17.64 18.46 20.77 30.63 41.71 41.71 41.71
Nbr of stocks (in thousands) 1,058,669 1,058,590 1,058,517 1,058,550 1,041,573 1,023,564 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.12x5.46x39.97x0.2% 264B
21.04x9.09x15.45x2.91% 177B
20.22x4.2x11.52x3.53% 154B
13.68x1.94x6.89x5.17% 114B
20.37x5.89x13.06x3.31% 105B
21.2x3.22x13.64x0.63% 95.82B
18.02x5.56x11.12x3.61% 94.49B
19.15x5.04x12.17x3.14% 66.87B
18.67x6.21x13.32x3.98% 59.06B
Average 20.50x 5.18x 15.24x 2.94% 125.54B
Weighted average by Cap. 22.24x 5.37x 18.73x 2.56%

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