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 39,687 - -
Change - -12.7% 4.67% 12.52% 45.11% 24.4% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 31,903 50,664 52,353 53,355
Change - -4.9% 1.38% 4.47% 1.98% 58.8% 3.34% 1.91%
P/E 14.9x 7.35x 26.4x 11.7x 14.6x 16.6x 16.2x 15.9x
PBR 3.97x 3.36x 2.78x 2.43x 4.43x 4.38x 4.23x 4x
PEG - 0.1x -0.4x 0x 0.8x 1.94x 6.58x 8.4x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.84x 1.85x 1.84x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.49x 2.35x 2.45x 2.48x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 5.54x 8.45x 8.62x 8.58x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 9.58x 14x 14.3x 14.3x
EV / FCF 57.6x -64.2x 12.4x 18.2x 14.5x 32x 40.9x 36.7x
FCF Yield 1.74% -1.56% 8.06% 5.5% 6.92% 3.12% 2.45% 2.72%
Dividend per Share 2 1.437 1.585 1 1.318 1.32 1.634 1.715 1.773
Rate of return 7.11% 8.99% 5.42% 6.34% 4.31% 4.32% 4.53% 4.68%
EPS 2 1.36 2.4 0.7 1.78 2.1 2.28 2.336 2.38
Distribution rate 106% 66.1% 143% 74% 62.9% 71.7% 73.4% 74.5%
Net sales 1 20,899 32,896 25,459 21,307 21,424 21,549 21,402 21,550
EBITDA 1 4,278 5,565 3,777 5,293 5,756 5,997 6,071 6,221
EBIT 1 2,573 3,687 1,645 3,071 3,331 3,616 3,660 3,743
Net income 1 1,435 2,541 742 1,888 2,198 2,365 2,372 2,397
Net Debt 1 9,675 10,869 10,405 9,298 - 10,976 12,666 13,667
Reference price 2 20.20 17.64 18.46 20.77 30.63 37.87 37.87 37.87
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.16x6.02x44.06x0.19% 282B
21.42x9.08x14.95x2.89% 179B
20.69x4.27x11.59x3.51% 160B
13.74x1.96x6.87x5.21% 115B
20.81x5.9x13.03x3.28% 104B
18.33x5.61x11.19x3.54% 96.46B
22x3.31x13.02x0.64% 95.41B
20.11x5.18x12.44x3.01% 69.79B
18.89x6.31x13.51x3.93% 59.82B
Average 21.13x 5.29x 15.63x 2.91% 129.06B
Weighted average by Cap. 23.18x 5.54x 19.88x 2.51%

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

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