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 43,358 - -
Change - -12.7% 4.67% 12.52% 45.11% 35.9% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 42,013 54,230 55,848 56,857
Change - -4.9% 1.38% 4.47% 34.3% 29.08% 2.99% 1.81%
P/E 14.9x 7.35x 26.4x 11.7x 14.6x 18.1x 17.9x 17.6x
PBR 3.97x 3.36x 2.78x 2.43x 4.43x 5.04x 4.68x 4.41x
PEG - 0.1x -0.4x 0x 0.8x 1.6x 16.62x 10.02x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.97x 1.98x 1.97x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.96x 2.46x 2.55x 2.59x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 7.3x 8.95x 9.14x 9.08x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 12.6x 14.8x 15.1x 15x
EV / FCF 57.6x -64.2x 12.4x 18.2x 19x 32.3x 39.1x 39.1x
FCF Yield 1.74% -1.56% 8.06% 5.5% 5.25% 3.1% 2.56% 2.56%
Dividend per Share 2 1.437 1.585 1 1.318 1.32 1.709 1.748 1.797
Rate of return 7.11% 8.99% 5.42% 6.34% 4.31% 4.04% 4.13% 4.24%
EPS 2 1.36 2.4 0.7 1.78 2.1 2.335 2.36 2.401
Distribution rate 106% 66.1% 143% 74% 62.9% 73.2% 74.1% 74.8%
Net sales 1 20,899 32,896 25,459 21,307 21,424 22,023 21,882 21,981
EBITDA 1 4,278 5,565 3,777 5,293 5,756 6,059 6,109 6,263
EBIT 1 2,573 3,687 1,645 3,071 3,331 3,675 3,697 3,784
Net income 1 1,435 2,541 742 1,888 2,198 2,439 2,388 2,410
Net Debt 1 9,675 10,869 10,405 9,298 10,110 10,871 12,490 13,499
Reference price 2 20.20 17.64 18.46 20.77 30.63 42.36 42.36 42.36
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.($)
18.14x2.46x8.95x4.04% 49.88B
32.19x5.45x39.63x0.2% 264B
21.59x9.15x15.6x2.84% 181B
20.31x4.2x11.56x3.52% 154B
13.47x2.03x6.87x5.24% 113B
21.19x5.98x13.71x3.2% 107B
18.56x5.64x11.34x3.49% 97.78B
21.04x3.26x12.98x0.65% 93.83B
19.93x5.22x12.18x3% 69.56B
19.23x6.34x13.61x3.86% 60.84B
Average 20.57x 4.97x 14.64x 3% 119.07B
Weighted average by Cap. 22.31x 5.32x 18.27x 2.6%

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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