Company Valuation: Enel

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 71,600 51,104 68,361 69,925 89,064 88,009 - -
Change - -28.63% 33.77% 2.29% 27.37% -1.18% - -
Enterprise Value (EV) 1 123,552 111,172 128,524 125,692 146,246 152,148 158,760 163,497
Change - -10.02% 15.61% -2.2% 16.35% 4.04% 4.35% 2.98%
P/E 22.7x 33.5x 21x 10.3x 22.8x 12.2x 11.6x 11.2x
PBR 2.41x 1.78x 2.15x 2.07x 2.78x 2.62x 2.52x 2.38x
PEG - -0.6x 0x 0x -0.5x 0.1x 2.36x 2.95x
Capitalization / Revenue 0.81x 0.36x 0.72x 0.89x 1.11x 1.05x 1.03x 1.01x
EV / Revenue 1.4x 0.79x 1.34x 1.59x 1.82x 1.82x 1.86x 1.88x
EV / EBITDA 6.43x 5.65x 5.85x 5.51x 6.39x 6.43x 6.44x 6.39x
EV / EBIT 16.1x 9.93x 9.15x 8.52x 9.87x 9.89x 9.89x 9.83x
EV / FCF -42.2x -19.6x 67.4x 52.3x 44.9x -126x -137x 76x
FCF Yield -2.37% -5.1% 1.48% 1.91% 2.23% -0.79% -0.73% 1.32%
Dividend per Share 2 0.38 0.4 0.43 0.47 0.49 0.5163 0.5421 0.5709
Rate of return 5.39% 7.95% 6.39% 6.83% 5.52% 5.82% 6.11% 6.44%
EPS 2 0.31 0.15 0.32 0.67 0.39 0.7278 0.7637 0.7926
Distribution rate 123% 267% 134% 70.1% 126% 70.9% 71% 72%
Net sales 1 88,006 140,517 95,565 78,947 80,346 83,739 85,136 86,999
EBITDA 1 19,210 19,683 21,969 22,801 22,874 23,644 24,641 25,601
EBIT 1 7,680 11,193 14,042 14,761 14,814 15,379 16,051 16,625
Net income 1 3,189 1,682 3,438 7,016 4,261 7,240 7,536 7,785
Net Debt 1 51,952 60,068 60,163 55,767 57,182 64,139 70,751 75,487
Reference price 2 7.046 5.030 6.730 6.886 8.877 8.869 8.869 8.869
Nbr of stocks (in thousands) 10,161,791 10,159,782 10,157,604 10,154,600 10,033,125 9,923,264 - -
Announcement Date 3/17/22 3/16/23 3/21/24 3/13/25 3/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.53x5.15x37.45x0.21% 250B
19.99x8.85x15.18x3.08% 168B
19.99x4.13x11.34x3.57% 151B
12.19x1.82x6.43x5.82% 101B
19.13x5.7x12.5x3.55% 98.38B
17.42x5.48x11x3.71% 91.64B
20.05x3.14x12.75x0.67% 90.25B
18.65x5.03x12.17x3.21% 65.33B
17.74x6.1x12.84x4.2% 55.92B
Average 19.52x 5.04x 14.63x 3.11% 119.08B
Weighted average by Cap. 21.23x 5.22x 17.91x 2.7%

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

-40%: Exceptional extension
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