Enel（ENEL）株式概要エネル・スパ社は、世界中の電力・ガス産業で総合オペレーターとして事業を展開している。 詳細ENEL ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長2/6過去の実績1/6財務の健全性2/6配当金4/6報酬当社が推定した公正価値より43.6%で取引されている 収益は年間11.51%増加すると予測されています リスク分析4.99%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 財務結果に影響を与える大きな一時的項目 多額の負債を抱えている 利益率(4.9%)は昨年より低い(8.7%) すべてのリスクチェックを見るENEL Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW472,506 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA472,506 investors already sharing narrativesYour Fair Value€Current Price€9.8832.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0130b2016201920222025202620282031Revenue €93.5bEarnings €4.6bAdvancedSet Fair ValueView all narrativesEnel SpA 競合他社VERBUNDSymbol: WBAG:VERMarket cap: €20.5bEVNSymbol: WBAG:EVNMarket cap: €5.2bSouthernSymbol: NYSE:SOMarket cap: US$109.1bIberdrolaSymbol: BME:IBEMarket cap: €131.7b価格と性能株価の高値、安値、推移の概要Enel過去の株価現在の株価€9.8852週高値€10.2952週安値€7.50ベータ0.901ヶ月の変化-2.38%3ヶ月変化0.60%1年変化26.81%3年間の変化62.44%5年間の変化28.25%IPOからの変化98.65%最新ニュースUpcoming Dividend • Jul 13Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 20 July 2026. Payment date: 22 July 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.8%. Within top quartile of Austrian dividend payers (3.9%). Higher than average of industry peers (3.6%).お知らせ • Apr 22Enel SpA, Annual General Meeting, May 12, 2026Enel SpA, Annual General Meeting, May 12, 2026, at 14:00 W. Europe Standard Time. Location: via dalmazia n 15 00198, roma ItalyNew Risk • Apr 16New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Cash payout ratio: 151% Minor Risks High level of debt (126% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.0% net profit margin).Reported Earnings • Apr 14Full year 2025 earnings released: EPS: €0.39 (vs €0.67 in FY 2024)Full year 2025 results: EPS: €0.39 (down from €0.67 in FY 2024). Revenue: €80.3b (up 6.1% from FY 2024). Net income: €4.26b (down 37% from FY 2024). Profit margin: 5.3% (down from 8.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year.Declared Dividend • Apr 13Final dividend increased to €0.26Dividend of €0.26 is 2.0% higher than last year. Ex-date: 20th July 2026 Payment date: 22nd July 2026 Dividend yield will be 5.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio) nor is it covered by cash flows (151% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control. EPS is expected to grow by 45% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Board Change • Apr 13High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.最新情報をもっと見るRecent updatesUpcoming Dividend • Jul 13Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 20 July 2026. Payment date: 22 July 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.8%. Within top quartile of Austrian dividend payers (3.9%). Higher than average of industry peers (3.6%).お知らせ • Apr 22Enel SpA, Annual General Meeting, May 12, 2026Enel SpA, Annual General Meeting, May 12, 2026, at 14:00 W. Europe Standard Time. Location: via dalmazia n 15 00198, roma ItalyNew Risk • Apr 16New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Cash payout ratio: 151% Minor Risks High level of debt (126% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.0% net profit margin).Reported Earnings • Apr 14Full year 2025 earnings released: EPS: €0.39 (vs €0.67 in FY 2024)Full year 2025 results: EPS: €0.39 (down from €0.67 in FY 2024). Revenue: €80.3b (up 6.1% from FY 2024). Net income: €4.26b (down 37% from FY 2024). Profit margin: 5.3% (down from 8.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year.Declared Dividend • Apr 13Final dividend increased to €0.26Dividend of €0.26 is 2.0% higher than last year. Ex-date: 20th July 2026 Payment date: 22nd July 2026 Dividend yield will be 5.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio) nor is it covered by cash flows (151% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control. EPS is expected to grow by 45% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Board Change • Apr 13High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.New Risk • Mar 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 151% Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 151% Minor Risks High level of debt (136% net debt to equity). Profit margins are more than 30% lower than last year (5.3% net profit margin).New Risk • Mar 21New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.3% Last year net profit margin: 8.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (136% net debt to equity). Dividend is not well covered by cash flows (150% cash payout ratio). Profit margins are more than 30% lower than last year (5.3% net profit margin).Reported Earnings • Mar 21Full year 2025 earnings released: EPS: €0.39 (vs €0.67 in FY 2024)Full year 2025 results: EPS: €0.39 (down from €0.67 in FY 2024). Revenue: €80.3b (up 6.1% from FY 2024). Net income: €4.26b (down 37% from FY 2024). Profit margin: 5.3% (down from 8.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year.Board Change • Mar 16High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Mar 09Sembcorp, Hexa Climate Solutions Reportedly Vie for the India Renewables Business of Italy's Enel in $300-Million DealIPO-bound Singapore's Sembcorp Industries Ltd. (SGX:U96)'s Indian renewable energy business and Hexa Climate Solutions (Hexa Climate Solutions Private Limited) are vying to acquire the entire India renewable business of Italy's Enel Group (Enel SpA (BIT:ENEL)) in a deal having an equity and enterprise value of around $100 million and $300 million, respectively, according to two people aware of the development. Sembcorp is present in India throughSembcorp India Private Limited and Sembcorp Green Infra Ltd. (SGIL) along with other subsidiaries., while Hexa is backed by I Squared Capital. The HSBC-run sale process follows a deal signed last year-which later fell through-under which Waaree Energies Ltd. had agreed to buy 100% of Enel Green Power India Pvt Ltd. (EGP India) from its parent Enel Green Power Development S.R.L. for INR 7,920 million. Mint first reported on 15 November 2023 that Enel Group planned to exit its India renewable business. "Enel Group's entire India renewable business is back on offer again and Sembcorp and Hexa are in talks for it," one of the two people cited above said, requesting anonymity. Enel Green Power India's portfolio comprises 760 megawatts (MW) of operational wind and solar assets, and a development pipeline of 2.5 gigawatts (GW). The company has been present in India's renewable sector since 2015 and in 2020 it partnered with Norway's state-owned investment fund Norfund to jointly finance, build and operate new renewable projects in the country. Spokespersons for Enel Group and HSBC, as well as Hexa Climate Solutions' founder and executive chairman Sanjeev Aggarwal declined to comment. Queries emailed to Sembcorp Industries Ltd. on Thursday evening remained unanswered till press time.Declared Dividend • Feb 26Dividend increased to €0.26Dividend of €0.26 is 2.0% higher than last year. Ex-date: 20th July 2026 Payment date: 22nd July 2026 Dividend yield will be 4.8%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • Feb 23High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Jan 07High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Dec 24+ 1 more updateEnel SpA to Report Fiscal Year 2025 Final Results on Mar 19, 2026Enel SpA announced that they will report fiscal year 2025 final results on Mar 19, 2026お知らせ • Dec 23+ 2 more updatesEnel SpA to Report Q1, 2026 Results on May 07, 2026Enel SpA announced that they will report Q1, 2026 results on May 07, 2026Board Change • Dec 08High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Declared Dividend • Nov 17Dividend of €0.23 announcedShareholders will receive a dividend of €0.23. Ex-date: 19th January 2026 Payment date: 21st January 2026 Dividend yield will be 5.4%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (133% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: €0.16 (vs €0.16 in 3Q 2024)Third quarter 2025 results: EPS: €0.16 (up from €0.16 in 3Q 2024). Revenue: €18.9b (flat on 3Q 2024). Net income: €1.90b (up 5.6% from 3Q 2024). Profit margin: 10.0% (in line with 3Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 03Second quarter 2025 earnings released: EPS: €0.14 (vs €0.21 in 2Q 2024)Second quarter 2025 results: EPS: €0.14 (down from €0.21 in 2Q 2024). Revenue: €18.7b (down 2.9% from 2Q 2024). Net income: €1.42b (down 34% from 2Q 2024). Profit margin: 7.6% (down from 11% in 2Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 14Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 21 July 2025. Payment date: 23 July 2025. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 6.4%. Within top quartile of Austrian dividend payers (5.0%). Higher than average of industry peers (4.5%).Reported Earnings • Apr 25Full year 2024 earnings released: EPS: €0.67 (vs €0.36 in FY 2023)Full year 2024 results: EPS: €0.67 (up from €0.36 in FY 2023). Revenue: €75.7b (down 20% from FY 2023). Net income: €6.77b (up 87% from FY 2023). Profit margin: 8.9% (up from 3.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 11Enel SpA, Annual General Meeting, May 22, 2025Enel SpA, Annual General Meeting, May 22, 2025, at 14:00 W. Europe Standard Time.Declared Dividend • Mar 19Final dividend of €0.26 announcedShareholders will receive a dividend of €0.26. Ex-date: 21st July 2025 Payment date: 23rd July 2025 Dividend yield will be 6.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (234% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 3.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 14Full year 2024 earnings released: EPS: €0.67 (vs €0.36 in FY 2023)Full year 2024 results: EPS: €0.67 (up from €0.36 in FY 2023). Revenue: €78.9b (down 16% from FY 2023). Net income: €7.02b (up 93% from FY 2023). Profit margin: 8.9% (up from 3.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • Jan 28High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Dec 24+ 3 more updatesEnel SpA to Report Q1, 2025 Results on May 08, 2025Enel SpA announced that they will report Q1, 2025 results on May 08, 2025Board Change • Dec 12High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Declared Dividend • Nov 11Dividend of €0.21 announcedShareholders will receive a dividend of €0.21. Ex-date: 20th January 2025 Payment date: 22nd January 2025 Dividend yield will be 6.4%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (460% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: €0.16 (vs €0.15 in 3Q 2023)Third quarter 2024 results: EPS: €0.16 (up from €0.15 in 3Q 2023). Revenue: €18.9b (down 16% from 3Q 2023). Net income: €1.80b (up 7.3% from 3Q 2023). Profit margin: 9.5% (up from 7.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Jul 28Second quarter 2024 earnings released: EPS: €0.21 (vs €0.14 in 2Q 2023)Second quarter 2024 results: EPS: €0.21 (up from €0.14 in 2Q 2023). Revenue: €19.3b (down 6.7% from 2Q 2023). Net income: €2.21b (up 58% from 2Q 2023). Profit margin: 12% (up from 6.8% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 15Upcoming dividend of €0.21 per shareEligible shareholders must have bought the stock before 22 July 2024. Payment date: 24 July 2024. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 6.2%. Within top quartile of Austrian dividend payers (5.9%). Higher than average of industry peers (4.9%).お知らせ • Jun 10JSW, Torrent, Masdar Among Suitors for Enel's India AssetsAbout half a dozen investors, including Abu Dhabi Future Energy Company PJSC - Masdar of the UAE, Singapore's Sembcorp Industries Ltd. (SGX:U96), JSW Energy Limited (BSE:533148), Torrent Power Limited (NSEI:TORNTPOWER), Sekura Energy Limited and Oil and Natural Gas Corporation Limited (NSEI:ONGC), have submitted non-binding bids to acquire 760 MW of operational assets in India that have been put on the block by Italy's Enel Group, said people aware of the development. HSBC is advising Enel on the sale. The proposed deal may have an enterprise value of $500 million (INR 41.00 billion), the sources said. The portfolio of Enel Green Power India Private Limited comprises 760 megawatts (MW) of operational wind and solar power assets and a development pipeline of 2 gigawatts (GW). Of the operational capacity, solar power projects comprise 420 MW, with the balance 340 MW coming from wind power. Last year, Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway's largest pension company, had together committed $100 million of equity and guarantees for a 168 MW wind power plant developed by Enel Green Power in India. In 2020, Norfund and Enel Green Power (EGP) entered into a joint investment agreement for renewable energy projects in India. Their first project together, the 420 MW Thar solar plant, was announced in 2022. Enel Green Power, founded in 2008 within the Enel Group to develop and manage renewable power projects globally, operates over 63 GW of installed renewable capacity at 1,300 plants in Asia, Europe, Africa and America. EGP had strengthened its position in India through an acquisition of a majority stake in renewable energy company BLP Energy for INR 30 million (INR 2.20 billion) in 2015.Enel, ONGC, Masdar and Sekura Energy spokespersons declined to comment. JSW, Sembcorp and Torrent didn't respond to queries. Energy producers such as Sekura Energy, Sembcorp and Masdar Energy are already in the race for several Indian renewable assets that are on the block. These three were among the contenders for the 2 GW renewable portfolio of Brookfield in India that's up for sale at an estimated enterprise value of $800 million - 1 billion (INR 66.00 billion - INR 83.00 billion). JSW Neo Energy and Sekura Energy are among the bidders that have made non-binding offers to acquire a controlling stake in Ayana Renewable Power, majority owned by National Investment and Infrastructure Fund (NIIF), at a valuation of about $2 billion, ET had reported. ONGC is another contender for several assets in the clean energy space as part of decarbonising its operations. ONGC plans to have a renewable energy capacity of 10 GW by 2030 at an investment of INR 1 lakh crore. The outlook for the renewable energy (RE) sector remains stable, led by strong policy support from the government, superior tariff competitiveness and sustainability initiatives by large commercial and industrial (C&I) customers.Reported Earnings • May 10First quarter 2024 earnings released: EPS: €0.19 (vs €0.099 in 1Q 2023)First quarter 2024 results: EPS: €0.19 (up from €0.099 in 1Q 2023). Revenue: €19.4b (down 26% from 1Q 2023). Net income: €1.93b (up 89% from 1Q 2023). Profit margin: 9.9% (up from 3.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 25Full year 2023 earnings released: EPS: €0.36 (vs €0.34 in FY 2022)Full year 2023 results: EPS: €0.36 (up from €0.34 in FY 2022). Revenue: €94.2b (down 32% from FY 2022). Net income: €3.63b (up 5.2% from FY 2022). Profit margin: 3.9% (up from 2.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Apr 10Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to €5.69. The fair value is estimated to be €7.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.Declared Dividend • Mar 27Final dividend of €0.21 announcedShareholders will receive a dividend of €0.21. Ex-date: 22nd July 2024 Payment date: 24th July 2024 Dividend yield will be 7.1%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (121% earnings payout ratio) nor is it covered by cash flows (413% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 35% to bring the payout ratio under control. EPS is expected to grow by 45% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Mar 24Full year 2023 earnings released: EPS: €0.35 (vs €0.35 in FY 2022)Full year 2023 results: EPS: €0.35 (up from €0.35 in FY 2022). Revenue: €95.6b (down 31% from FY 2022). Net income: €3.81b (up 8.5% from FY 2022). Profit margin: 4.0% (up from 2.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Jan 26Now 20% undervaluedOver the last 90 days, the stock has risen 8.8% to €6.27. The fair value is estimated to be €7.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.お知らせ • Jan 20+ 3 more updatesEnel SpA to Report Fiscal Year 2023 Results on Mar 21, 2024Enel SpA announced that they will report fiscal year 2023 results on Mar 21, 2024Upcoming Dividend • Jan 15Upcoming dividend of €0.21 per share at 6.3% yieldEligible shareholders must have bought the stock before 22 January 2024. Payment date: 24 January 2024. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 6.3%. Within top quartile of Austrian dividend payers (5.0%). Higher than average of industry peers (5.2%).Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: €0.15 (vs €0.01 in 3Q 2022)Third quarter 2023 results: EPS: €0.15 (up from €0.01 in 3Q 2022). Revenue: €22.4b (down 47% from 3Q 2022). Net income: €1.68b (up €1.57b from 3Q 2022). Profit margin: 7.5% (up from 0.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.7% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Oct 27Public Power Corporation S.A. (ATSE:PPC) completed the acquisition of Enel assets in Romania from Enel SpA (BIT:ENEL) for approximately €1.2 billion.Public Power Corporation S.A. (ATSE:PPC) signed an exclusivity agreement to acquire Enel assets in Romania from Enel SpA (BIT:ENEL) on December 14, 2022. Public Power Corporation S.A. (ATSE:PPC) signed an agreement to acquire Enel assets in Romania from Enel SpA (BIT:ENEL) for approximately €1.3 billion on March 9, 2023. In addition, the total consideration is subject to adjustments customary for these kinds of transactions as well as to an earn-out mechanism for a potential additional payment based on the future value of the retail business. PPC intends to finance the Acquisition with a combination of debt and cash on balance sheet, with €800 million of committed debt financing in the form of a €485 million 5-year term loan facility through Greek banks and a €315 million bridge facility through international banks. The transaction is subject to due diligence and approval by antitrust authorities. As of February 4, 2023, the exclusivity period for negotiations has been extended until February 28, 2023. As of June 26, 2023 European Commission approved the transaction. The transaction is expected to close in third quarter of 2023. Citigroup Global Markets Europe AG, Goldman Sachs Bank Europe SE, HSBC Continental Europe acted as financial advisors, S.A, Lisa O’Neill, Apostolos Gkoutzinis, Andrew Reilly, Trevor Truman, and Alan Rafferty of Milbank LLP acted as a legal advisor, Cornelia Bumbacea, Andreea Bistriceanu, Andreea Oprescu, Laura Paraschiv, Andreea Puiu, Daniel Anghel, Ruxandra Târlescu, Adina Vizoli, oana Bara, Ludmila Petrescu, Claudiu Simionescu, and Anca Lungeanu of PwC Romania, PwC Greece and Anda Rojanschi, Cristina Paduraru and Ovidiu Bold of D&B David si Baias experts provided due diligence, tax structuring advice and support on the complex financial and tax aspects of the transaction documents, as well as legal advice to Public Power Corporation S.A. (ATSE:PPC). Clifford Chance LLP acted as legal advisor to Enel SpA in the transcation.Public Power Corporation S.A. (ATSE:PPC) completed the acquisition of Enel assets in Romania from Enel SpA (BIT:ENEL) for approximately €1.2 billion on October 25, 2023. Following the fulfillment of all the conditions precedent customary for these kinds of transactions set forth in the related sale agreement closed the transaction. AXIA Ventures Group and Euroxx Securities SA acted as financial advisors to PPC.お知らせ • Oct 26Sonnedix Chile Arcadia Generación S.p.A. and Sonnedix Chile Arcadia SPA acquired Arcadia Generación Solar S.p.A. from Enel S.p.A.and Enel Chile S.A.Sonnedix Chile Arcadia Generación S.p.A. and Sonnedix Chile Arcadia SPA signed a stock purchase agreement to acquire Arcadia Generación Solar S.p.A. from Enel S.p.A.and Enel Chile S.A. for an enterprise value of $550 million on July 12, 2023. The total consideration, subject to adjustments customary for these kinds of transactions. The closing of the sale is subject to certain conditions precedent customary for these kinds of transactions, including the clearance from the Chilean antitrust authority Fiscalía Nacional Económica (FNE).Sonnedix Chile Arcadia Generación S.p.A. and Sonnedix Chile Arcadia SPA completed the acquisition of Arcadia Generación Solar S.p.A. from Enel S.p.A.and Enel Chile S.A. on October 25, 2023Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: €0.14 (vs €0.022 in 2Q 2022)Second quarter 2023 results: EPS: €0.14 (up from €0.022 in 2Q 2022). Revenue: €20.7b (down 34% from 2Q 2022). Net income: €1.42b (up €1.20b from 2Q 2022). Profit margin: 6.9% (up from 0.7% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 17Upcoming dividend of €0.20 per share at 6.4% yieldEligible shareholders must have bought the stock before 24 July 2023. Payment date: 26 July 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.4%. Within top quartile of Austrian dividend payers (5.4%). Higher than average of industry peers (5.3%).お知らせ • Jul 13Sonnedix Chile Arcadia Generación S.p.A. and Sonnedix Chile Arcadia SPA signed a stock purchase agreement to acquire Arcadia Generación Solar S.p.A. from Enel S.p.A.and Enel Chile S.A. for an enterprise value of $550 million.Sonnedix Chile Arcadia Generación S.p.A. and Sonnedix Chile Arcadia SPA signed a stock purchase agreement to acquire Arcadia Generación Solar S.p.A. from Enel S.p.A.and Enel Chile S.A. for an enterprise value of $550 million on July 12, 2023. The total consideration, subject to adjustments customary for these kinds of transactions. The closing of the sale is subject to certain conditions precedent customary for these kinds of transactions, including the clearance from the Chilean antitrust authority Fiscalía Nacional Económica (FNE).お知らせ • Jul 06Enel Dismisses Rumours over Sale of EndesaEnel SpA (BIT:ENEL) dismissed suggestions that it is planning to sell its majority stake in Spain’s Endesa, S.A. (BME:ELE) and that a deal had been discussed involving energy group Repsol, S.A. (BME:REP). El Confidencial reported on July 4, 2023 that Repsol Chairman Antonio Brufau had met Borja Prado, an investment banker and former Endesa chairman, to discuss a potential takeover of Endesa before Spain’s election this month. “Enel dismisses the rumours about Endesa as totally groundless,” the Italian power group said in a statement, responding to a report by Spain’s El Confidencial. “Enel has no intentions of selling its stakes in Endesa, neither now nor in the future, as the company is a key asset for its strategy.” The Italian company also emphasised that there have been no discussions on any such deal. “There has never been any meeting between the managers of Enel and Repsol, nor with Borja Prado. This false news risks having distorting effects on the performance of the stock market,” it added. A Repsol spokesperson said that company is not studying any deal for Endesa. Enel’s 70% stake in Endesa, Spain’s largest electricity provider, has a market value of nearly EUR 15 billion ($16 billion) at July 4, 2023 share prices. Its sale would significantly reduce Enel’s net debt, analysts at Equita brokerage said in a report. However, it added that the Italian group’s current asset disposal strategy does not include the stake in the Spanish group.お知らせ • Jun 14+ 3 more updatesEnel S.p.A. Appoints Internal CommitteesEnel S.p.A. appointed the following internal Committees, whose duties have been confirmed vis-a-vis the previous mandate. Nomination and Compensation Committee, recommended by the current Italian Corporate Governance Code (the 'Corporate Governance Code'), with preliminary functions, of a proposing and consultative nature, within its remit. This Committee is composed of the following non-executive Directors, the majority of whom qualified as independent (including the Chair) according to the Corporate Governance Code: Alessandra Stabilini (acting as Chair), Johanna Arbib, Olga Cuccurullo, Dario Frigerio and Fiammetta Salmoni. The Board of Directors recognized Director Dario Frigerio as possessing the requirement of adequate knowledge and experience in financial matters; Control and Risks Committee, recommended by the Corporate Governance Code, with preliminary functions, of a proposing and consultative nature, within its remit. This Committee is composed of the following non-executive Directors, the majority of whom qualified as independent (including the Chair) according to the Corporate Governance Code: Dario Frigerio (acting as Chair), Mario Corsi, Olga Cuccurulloand Alessandro Zehentner. The Board of Directors recognized (i) Director Dario Frigerio as possessing the requirement of adequate knowledge and experience in accounting and finance as well as in risk management, and (ii) Director Mario Corsi as possessing the requirement of adequate knowledge and experience in risk management; Related Parties Committee, responsible for issuing specific opinions on transactions with related parties carried out by Enel, either directly or through subsidiaries, in the cases indicated and in the ways provided for by the related-party transaction Procedure adopted by the Board of Directors, in compliance with the rules laid down by Consob. This Committee is composed of the following Directors, all qualified as independent according to the Corporate Governance Code: Fiammetta Salmoni (acting as Chair), Mario Corsi and Alessandro Zehentner; Corporate Governance and Sustainability Committee, responsible for assisting the Board of Directors, with preliminary functions of a proposing and consultative nature, on its assessments and decisions related to the corporate governance of the Company and the Group as well as to sustainability issues. This Committee is composed of the following Directors, all qualified as independent according to the Corporate Governance Code: Paolo Scaroni (acting as Chair), Johanna Arbib and Alessandra Stabilini.Reported Earnings • May 15First quarter 2023 earnings released: EPS: €0.099 (vs €0.15 in 1Q 2022)First quarter 2023 results: EPS: €0.099 (down from €0.15 in 1Q 2022). Revenue: €26.4b (down 23% from 1Q 2022). Net income: €1.02b (down 31% from 1Q 2022). Profit margin: 3.9% (down from 4.4% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.3% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • May 10Enel S.p.A. Announces Resignation of Annachiara Svelto to Board of DirectorsEnel S.p.A. announced that Ms. Annachiara Svelto resigned on 08 May 2023 evening, effective as 09 May 2023, from her position as a member of the Company's Board of Directors. The resignation is due to the inclusion of Ms Svelto in a slate of candidates for the office of member of the Board of Directors of Terna S.p.A. ('Terna') filed in view of the Shareholders' Meeting of that company convened for May 9, 2023, and takes into account the incompatibility provided for in Terna's Bylaws between the position of board member of companies active in power or gas generation or supply and the position of board member of Terna. In the 2020/2022 mandate, Ms. Svelto, as an independent Director of Enel, has also been Chair of the Related Parties Committee and member of the Nomination and Compensation Committee established within the Company's Board of Directors.Reported Earnings • Apr 15Full year 2022 earnings released: EPS: €0.35 (vs €0.30 in FY 2021)Full year 2022 results: EPS: €0.35 (up from €0.30 in FY 2021). Revenue: €138.0b (up 66% from FY 2021). Net income: €3.51b (up 16% from FY 2021). Profit margin: 2.5% (down from 3.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 5.2% p.a. on average during the next 3 years compared to a 4.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Feb 07Enel Enters into Exclusive Talks to Sell Stake in 3Sun Solar PlantEnel SpA (BIT:ENEL) has entered into exclusive talks to sell a stake in 3Sun Solar, its photovoltaic panel production site in Sicily, Chief Executive Francesco Starace said on February 6, 2023. "We will make an announcement in the coming days," Starace said on the sidelines of an Enel event. Starace also said he thought it was time for the West to reduce its dependence on China for solar panel production.お知らせ • Feb 03EDP Brasil to Look At Possibility of Buying Enel-Owned Power Distributor in CearaEDP - Energias do Brasil S.A. (BOVESPA:ENBR3) may sell stake in coal-fired PECEM Power Plant, but no decision has been taken so far, CEO says. EDP Brasil will look at possibility of buying Enel SpA (BIT:ENEL)-owned power distributor in Ceara, CEO says.お知らせ • Jan 27+ 5 more updatesEnel SpA to Report Q3, 2023 Results on Nov 07, 2023Enel SpA announced that they will report Q3, 2023 results on Nov 07, 2023Upcoming Dividend • Jan 16Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 23 January 2023. Payment date: 25 January 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.0%. Within top quartile of Austrian dividend payers (5.2%). Higher than average of industry peers (4.3%).Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: €0.01 (vs €0.067 in 3Q 2021)Third quarter 2022 results: EPS: €0.01 (down from €0.067 in 3Q 2021). Revenue: €42.0b (up 80% from 3Q 2021). Net income: €109.0m (down 85% from 3Q 2021). Profit margin: 0.3% (down from 3.1% in 3Q 2021). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Samuel Leupold was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: €0.01 (vs €0.075 in 3Q 2021)Third quarter 2022 results: EPS: €0.01 (down from €0.075 in 3Q 2021). Revenue: €42.0b (up 50% from 3Q 2021). Net income: €109.0m (down 85% from 3Q 2021). Profit margin: 0.3% (down from 2.6% in 3Q 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Oct 15Enel Reportedly to Sell Stake in Its Grid Services Unit to CVCItaly's biggest utility Enel SpA (BIT:ENEL) is in advanced talks to sell a stake in its grid services unit to private equity firm CVC, two sources with knowledge of the matter said. Under the agreement, which could be signed in the next few days, CVC would buy a stake of 50% in Enel's Gridspertise unit, one of the sources told Reuters. Enel declined to comment on the issue. CVC was not immediately available for comment. The sale is part of Enel's broader strategy dubbed 'stewardship business model' under which the Italian group aims to attract investments from partners to jointly develop some of its businesses in the areas of renewable energy, electrification or services. Gridspertise, which was set up last year, offers digital grid services to power distributors in Italy and abroad. The unit manages activities related to digital meters and intelligent grid services to help its customers deal with the increasing amounts of power generated from intermittent renewable energy sources.お知らせ • Oct 14PJSC LUKOIL (MISX:LKOH) completed the acquisition of a 26.9% stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL).PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire 26.9% percent stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) on June 16, 2022. In a related transaction, AAA Capital Management agreed to acquire a 29.5% stake in in PJSC Enel Russia from Enel SpA on June 16, 2022. The combined consideration comprises of approximately €140 million. PJSC Lukoil will receive 9.5 billion shares in Enel Russia as a result of the deal. Enel Russia's charter capital is divided into 35.37 billion ordinary shares, meaning that Lukoil will own 26.9% of shares. The completion of this operation is scheduled for the third quarter of this year and is subject to a series of conditions, such as the approval of the Russian authorities competent in foreign investment and antitrust. As of September 20, 2022 government approved the deal. PJSC LUKOIL (MISX:LKOH) completed the acquisition of a 26.9% stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL) on October 12, 2022.お知らせ • Aug 10PJSC LUKOIL (MISX:LKOH) cancelled the agreement to acquire 56.43% stake in PJSC Enel Russia from Enel SpA (BIT:ENEL).PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire 56.43% percent stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) for approximately €140 million on June 16, 2022. The completion of this operation is scheduled for the third quarter of this year and is subject to a series of conditions, such as the approval of the Russian authorities competent in foreign investment and antitrust. PJSC LUKOIL (MISX:LKOH) cancelled the agreement to acquire 56.43% stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) on August 9, 2022.Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: €0.024 (vs €0.057 in 2Q 2021)Second quarter 2022 results: EPS: €0.024 (down from €0.057 in 2Q 2021). Revenue: €32.3b (up 153% from 2Q 2021). Net income: €263.0m (down 56% from 2Q 2021). Profit margin: 0.8% (down from 4.7% in 2Q 2021). Over the next year, revenue is forecast to decline by 21% while the industry in Austria is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year.Upcoming Dividend • Jul 11Upcoming dividend of €0.19 per shareEligible shareholders must have bought the stock before 18 July 2022. Payment date: 20 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.2%. Within top quartile of Austrian dividend payers (5.4%). Higher than average of industry peers (4.4%).お知らせ • Jun 18PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire 56.43 percent stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) for approximately €140 million.PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire 56.43 percent stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) for approximately €140 million on June 16, 2022. The completion of this operation is scheduled for the third quarter of this year and is subject to a series of conditions, such as the approval of the Russian authorities competent in foreign investment and antitrust.お知らせ • Jun 17PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire unknown minority stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL).PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire unknown minority stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL) on June 16, 2022. Enel S.p.A. has signed two separate agreements with, respectively, PJSC Lukoil (“Lukoil”) and Closed Combined Mutual Investment Fund “Gazprombank-Frezia” (the “Fund”) for the sale of the entire stake held in Enel Russia, equal to 56.43% of the latter’s share capital, for an overall consideration of about €137 million that will be paid at closing. The closing of the transaction, which is expected within the third quarter of this year, is subject to a series of conditions precedent, including the clearance by the Russian Government Commission on Monitoring Foreign Investment and the Russian Federal Antimonopoly Service.Reported Earnings • May 06First quarter 2022 earnings released: EPS: €0.14 (vs €0.12 in 1Q 2021)First quarter 2022 results: EPS: €0.14 (up from €0.12 in 1Q 2021). Revenue: €35.0b (up 104% from 1Q 2021). Net income: €1.43b (up 22% from 1Q 2021). Profit margin: 4.1% (down from 6.9% in 1Q 2021). Over the next year, revenue is expected to shrink by 12% compared to a 3.2% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director Anna Svelto is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.31 (up from €0.26 in FY 2020). Revenue: €88.0b (up 38% from FY 2020). Net income: €3.19b (up 22% from FY 2020). Profit margin: 3.6% (down from 4.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 17%. Over the next year, revenue is expected to shrink by 12% compared to a 2.7% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €5.59, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.52 per share.Upcoming Dividend • Jan 17Upcoming dividend of €0.19 per shareEligible shareholders must have bought the stock before 24 January 2022. Payment date: 26 January 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.6%. Within top quartile of Austrian dividend payers (3.4%). Higher than average of industry peers (4.1%).Executive Departure • Dec 02Head of Country Italy Carlo Tamburi has left the companyOn the 1st of December, Carlo Tamburi's tenure as Head of Country Italy ended. We don't have any record of a personal shareholding under Carlo's name. Carlo is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.08 years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS €0.075 (vs €0.099 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €28.1b (up 74% from 3Q 2020). Net income: €727.0m (down 25% from 3Q 2020). Profit margin: 2.6% (down from 6.1% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.株主還元ENELAT Electric UtilitiesAT 市場7D-1.8%-1.2%-1.5%1Y26.8%24.1%28.7%株主還元を見る業界別リターン: ENEL過去 1 年間で24.1 % の収益を上げたAustrian Electric Utilities業界を上回りました。リターン対市場: ENELは、過去 1 年間で28.7 % のリターンを上げたAustrian市場を下回りました。価格変動Is ENEL's price volatile compared to industry and market?ENEL volatilityENEL Average Weekly Movement2.6%Electric Utilities Industry Average Movement3.4%Market Average Movement4.3%10% most volatile stocks in AT Market6.6%10% least volatile stocks in AT Market2.5%安定した株価: ENEL 、 Austrian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: ENELの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト196261,544Flavio Cattaneowww.enel.comエネル・スパ（Enel SpA）は、世界中の電力・ガス産業における総合オペレーターとして事業を展開している。火力発電およびトレーディング、エネル・グリーン・パワー、エネル・グリッド、エンドユーザー市場の各セグメントを通じて事業を展開している。再生可能エネルギー、原子力、風力、水力、火力、太陽光、地熱発電所を運営している。また、発電、配電、送電、販売も行っている。さらに、電気モビリティ・ソリューションの開発・商業化、天然ガスの小売・卸商業化、トレーディング・サービスにも携わっている。さらに、輸送、不動産管理、産業プロセス・サービス、電気自動車用充電インフラ、産業・家庭プロセスのエネルギー効率化、分散型発電、エネルギー・コンサルタント・サービス、スマート街灯、サーキュラーシティなどの技術ソリューションも提供している。また、エネルギー商品の販売も行っている。同社は1962年に設立され、イタリアのローマに本社を置いている。もっと見るEnel SpA 基礎のまとめEnel の収益と売上を時価総額と比較するとどうか。ENEL 基礎統計学時価総額€98.62b収益（TTM）€3.85b売上高(TTM)€77.91b25.6xPER（株価収益率1.3xP/SレシオENEL は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計ENEL 損益計算書（TTM）収益€77.91b売上原価€47.89b売上総利益€30.02bその他の費用€26.17b収益€3.85b直近の収益報告Mar 31, 2026次回決算日Jul 30, 2026一株当たり利益（EPS）0.38グロス・マージン38.53%純利益率4.94%有利子負債／自己資本比率139.9%ENEL の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.0%現在の配当利回り128%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/29 03:07終値2026/07/29 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Enel SpA 21 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。38 アナリスト機関Francesco SalaBanca Akros S.p.A. (ESN)Tommaso MarabiniBanca Akros S.p.A. (ESN)Jorge González SadornilBanco de Sabadell. S.A.35 その他のアナリストを表示
Upcoming Dividend • Jul 13Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 20 July 2026. Payment date: 22 July 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.8%. Within top quartile of Austrian dividend payers (3.9%). Higher than average of industry peers (3.6%).
お知らせ • Apr 22Enel SpA, Annual General Meeting, May 12, 2026Enel SpA, Annual General Meeting, May 12, 2026, at 14:00 W. Europe Standard Time. Location: via dalmazia n 15 00198, roma Italy
New Risk • Apr 16New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Cash payout ratio: 151% Minor Risks High level of debt (126% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.0% net profit margin).
Reported Earnings • Apr 14Full year 2025 earnings released: EPS: €0.39 (vs €0.67 in FY 2024)Full year 2025 results: EPS: €0.39 (down from €0.67 in FY 2024). Revenue: €80.3b (up 6.1% from FY 2024). Net income: €4.26b (down 37% from FY 2024). Profit margin: 5.3% (down from 8.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year.
Declared Dividend • Apr 13Final dividend increased to €0.26Dividend of €0.26 is 2.0% higher than last year. Ex-date: 20th July 2026 Payment date: 22nd July 2026 Dividend yield will be 5.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio) nor is it covered by cash flows (151% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control. EPS is expected to grow by 45% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Board Change • Apr 13High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Upcoming Dividend • Jul 13Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 20 July 2026. Payment date: 22 July 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.8%. Within top quartile of Austrian dividend payers (3.9%). Higher than average of industry peers (3.6%).
お知らせ • Apr 22Enel SpA, Annual General Meeting, May 12, 2026Enel SpA, Annual General Meeting, May 12, 2026, at 14:00 W. Europe Standard Time. Location: via dalmazia n 15 00198, roma Italy
New Risk • Apr 16New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Cash payout ratio: 151% Minor Risks High level of debt (126% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.0% net profit margin).
Reported Earnings • Apr 14Full year 2025 earnings released: EPS: €0.39 (vs €0.67 in FY 2024)Full year 2025 results: EPS: €0.39 (down from €0.67 in FY 2024). Revenue: €80.3b (up 6.1% from FY 2024). Net income: €4.26b (down 37% from FY 2024). Profit margin: 5.3% (down from 8.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year.
Declared Dividend • Apr 13Final dividend increased to €0.26Dividend of €0.26 is 2.0% higher than last year. Ex-date: 20th July 2026 Payment date: 22nd July 2026 Dividend yield will be 5.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio) nor is it covered by cash flows (151% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control. EPS is expected to grow by 45% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Board Change • Apr 13High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
New Risk • Mar 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 151% Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 125% Cash payout ratio: 151% Minor Risks High level of debt (136% net debt to equity). Profit margins are more than 30% lower than last year (5.3% net profit margin).
New Risk • Mar 21New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.3% Last year net profit margin: 8.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (136% net debt to equity). Dividend is not well covered by cash flows (150% cash payout ratio). Profit margins are more than 30% lower than last year (5.3% net profit margin).
Reported Earnings • Mar 21Full year 2025 earnings released: EPS: €0.39 (vs €0.67 in FY 2024)Full year 2025 results: EPS: €0.39 (down from €0.67 in FY 2024). Revenue: €80.3b (up 6.1% from FY 2024). Net income: €4.26b (down 37% from FY 2024). Profit margin: 5.3% (down from 8.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year.
Board Change • Mar 16High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Mar 09Sembcorp, Hexa Climate Solutions Reportedly Vie for the India Renewables Business of Italy's Enel in $300-Million DealIPO-bound Singapore's Sembcorp Industries Ltd. (SGX:U96)'s Indian renewable energy business and Hexa Climate Solutions (Hexa Climate Solutions Private Limited) are vying to acquire the entire India renewable business of Italy's Enel Group (Enel SpA (BIT:ENEL)) in a deal having an equity and enterprise value of around $100 million and $300 million, respectively, according to two people aware of the development. Sembcorp is present in India throughSembcorp India Private Limited and Sembcorp Green Infra Ltd. (SGIL) along with other subsidiaries., while Hexa is backed by I Squared Capital. The HSBC-run sale process follows a deal signed last year-which later fell through-under which Waaree Energies Ltd. had agreed to buy 100% of Enel Green Power India Pvt Ltd. (EGP India) from its parent Enel Green Power Development S.R.L. for INR 7,920 million. Mint first reported on 15 November 2023 that Enel Group planned to exit its India renewable business. "Enel Group's entire India renewable business is back on offer again and Sembcorp and Hexa are in talks for it," one of the two people cited above said, requesting anonymity. Enel Green Power India's portfolio comprises 760 megawatts (MW) of operational wind and solar assets, and a development pipeline of 2.5 gigawatts (GW). The company has been present in India's renewable sector since 2015 and in 2020 it partnered with Norway's state-owned investment fund Norfund to jointly finance, build and operate new renewable projects in the country. Spokespersons for Enel Group and HSBC, as well as Hexa Climate Solutions' founder and executive chairman Sanjeev Aggarwal declined to comment. Queries emailed to Sembcorp Industries Ltd. on Thursday evening remained unanswered till press time.
Declared Dividend • Feb 26Dividend increased to €0.26Dividend of €0.26 is 2.0% higher than last year. Ex-date: 20th July 2026 Payment date: 22nd July 2026 Dividend yield will be 4.8%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • Feb 23High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Jan 07High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Dec 24+ 1 more updateEnel SpA to Report Fiscal Year 2025 Final Results on Mar 19, 2026Enel SpA announced that they will report fiscal year 2025 final results on Mar 19, 2026
お知らせ • Dec 23+ 2 more updatesEnel SpA to Report Q1, 2026 Results on May 07, 2026Enel SpA announced that they will report Q1, 2026 results on May 07, 2026
Board Change • Dec 08High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Declared Dividend • Nov 17Dividend of €0.23 announcedShareholders will receive a dividend of €0.23. Ex-date: 19th January 2026 Payment date: 21st January 2026 Dividend yield will be 5.4%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (133% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: €0.16 (vs €0.16 in 3Q 2024)Third quarter 2025 results: EPS: €0.16 (up from €0.16 in 3Q 2024). Revenue: €18.9b (flat on 3Q 2024). Net income: €1.90b (up 5.6% from 3Q 2024). Profit margin: 10.0% (in line with 3Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 03Second quarter 2025 earnings released: EPS: €0.14 (vs €0.21 in 2Q 2024)Second quarter 2025 results: EPS: €0.14 (down from €0.21 in 2Q 2024). Revenue: €18.7b (down 2.9% from 2Q 2024). Net income: €1.42b (down 34% from 2Q 2024). Profit margin: 7.6% (down from 11% in 2Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 14Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 21 July 2025. Payment date: 23 July 2025. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 6.4%. Within top quartile of Austrian dividend payers (5.0%). Higher than average of industry peers (4.5%).
Reported Earnings • Apr 25Full year 2024 earnings released: EPS: €0.67 (vs €0.36 in FY 2023)Full year 2024 results: EPS: €0.67 (up from €0.36 in FY 2023). Revenue: €75.7b (down 20% from FY 2023). Net income: €6.77b (up 87% from FY 2023). Profit margin: 8.9% (up from 3.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 11Enel SpA, Annual General Meeting, May 22, 2025Enel SpA, Annual General Meeting, May 22, 2025, at 14:00 W. Europe Standard Time.
Declared Dividend • Mar 19Final dividend of €0.26 announcedShareholders will receive a dividend of €0.26. Ex-date: 21st July 2025 Payment date: 23rd July 2025 Dividend yield will be 6.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (234% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 3.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: €0.67 (vs €0.36 in FY 2023)Full year 2024 results: EPS: €0.67 (up from €0.36 in FY 2023). Revenue: €78.9b (down 16% from FY 2023). Net income: €7.02b (up 93% from FY 2023). Profit margin: 8.9% (up from 3.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • Jan 28High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Dec 24+ 3 more updatesEnel SpA to Report Q1, 2025 Results on May 08, 2025Enel SpA announced that they will report Q1, 2025 results on May 08, 2025
Board Change • Dec 12High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Barbara Tadolini is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Declared Dividend • Nov 11Dividend of €0.21 announcedShareholders will receive a dividend of €0.21. Ex-date: 20th January 2025 Payment date: 22nd January 2025 Dividend yield will be 6.4%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (460% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: €0.16 (vs €0.15 in 3Q 2023)Third quarter 2024 results: EPS: €0.16 (up from €0.15 in 3Q 2023). Revenue: €18.9b (down 16% from 3Q 2023). Net income: €1.80b (up 7.3% from 3Q 2023). Profit margin: 9.5% (up from 7.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Jul 28Second quarter 2024 earnings released: EPS: €0.21 (vs €0.14 in 2Q 2023)Second quarter 2024 results: EPS: €0.21 (up from €0.14 in 2Q 2023). Revenue: €19.3b (down 6.7% from 2Q 2023). Net income: €2.21b (up 58% from 2Q 2023). Profit margin: 12% (up from 6.8% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 15Upcoming dividend of €0.21 per shareEligible shareholders must have bought the stock before 22 July 2024. Payment date: 24 July 2024. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 6.2%. Within top quartile of Austrian dividend payers (5.9%). Higher than average of industry peers (4.9%).
お知らせ • Jun 10JSW, Torrent, Masdar Among Suitors for Enel's India AssetsAbout half a dozen investors, including Abu Dhabi Future Energy Company PJSC - Masdar of the UAE, Singapore's Sembcorp Industries Ltd. (SGX:U96), JSW Energy Limited (BSE:533148), Torrent Power Limited (NSEI:TORNTPOWER), Sekura Energy Limited and Oil and Natural Gas Corporation Limited (NSEI:ONGC), have submitted non-binding bids to acquire 760 MW of operational assets in India that have been put on the block by Italy's Enel Group, said people aware of the development. HSBC is advising Enel on the sale. The proposed deal may have an enterprise value of $500 million (INR 41.00 billion), the sources said. The portfolio of Enel Green Power India Private Limited comprises 760 megawatts (MW) of operational wind and solar power assets and a development pipeline of 2 gigawatts (GW). Of the operational capacity, solar power projects comprise 420 MW, with the balance 340 MW coming from wind power. Last year, Norwegian Climate Investment Fund, managed by Norfund, and KLP, Norway's largest pension company, had together committed $100 million of equity and guarantees for a 168 MW wind power plant developed by Enel Green Power in India. In 2020, Norfund and Enel Green Power (EGP) entered into a joint investment agreement for renewable energy projects in India. Their first project together, the 420 MW Thar solar plant, was announced in 2022. Enel Green Power, founded in 2008 within the Enel Group to develop and manage renewable power projects globally, operates over 63 GW of installed renewable capacity at 1,300 plants in Asia, Europe, Africa and America. EGP had strengthened its position in India through an acquisition of a majority stake in renewable energy company BLP Energy for INR 30 million (INR 2.20 billion) in 2015.Enel, ONGC, Masdar and Sekura Energy spokespersons declined to comment. JSW, Sembcorp and Torrent didn't respond to queries. Energy producers such as Sekura Energy, Sembcorp and Masdar Energy are already in the race for several Indian renewable assets that are on the block. These three were among the contenders for the 2 GW renewable portfolio of Brookfield in India that's up for sale at an estimated enterprise value of $800 million - 1 billion (INR 66.00 billion - INR 83.00 billion). JSW Neo Energy and Sekura Energy are among the bidders that have made non-binding offers to acquire a controlling stake in Ayana Renewable Power, majority owned by National Investment and Infrastructure Fund (NIIF), at a valuation of about $2 billion, ET had reported. ONGC is another contender for several assets in the clean energy space as part of decarbonising its operations. ONGC plans to have a renewable energy capacity of 10 GW by 2030 at an investment of INR 1 lakh crore. The outlook for the renewable energy (RE) sector remains stable, led by strong policy support from the government, superior tariff competitiveness and sustainability initiatives by large commercial and industrial (C&I) customers.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: €0.19 (vs €0.099 in 1Q 2023)First quarter 2024 results: EPS: €0.19 (up from €0.099 in 1Q 2023). Revenue: €19.4b (down 26% from 1Q 2023). Net income: €1.93b (up 89% from 1Q 2023). Profit margin: 9.9% (up from 3.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 25Full year 2023 earnings released: EPS: €0.36 (vs €0.34 in FY 2022)Full year 2023 results: EPS: €0.36 (up from €0.34 in FY 2022). Revenue: €94.2b (down 32% from FY 2022). Net income: €3.63b (up 5.2% from FY 2022). Profit margin: 3.9% (up from 2.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Apr 10Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to €5.69. The fair value is estimated to be €7.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
Declared Dividend • Mar 27Final dividend of €0.21 announcedShareholders will receive a dividend of €0.21. Ex-date: 22nd July 2024 Payment date: 24th July 2024 Dividend yield will be 7.1%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (121% earnings payout ratio) nor is it covered by cash flows (413% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 35% to bring the payout ratio under control. EPS is expected to grow by 45% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Mar 24Full year 2023 earnings released: EPS: €0.35 (vs €0.35 in FY 2022)Full year 2023 results: EPS: €0.35 (up from €0.35 in FY 2022). Revenue: €95.6b (down 31% from FY 2022). Net income: €3.81b (up 8.5% from FY 2022). Profit margin: 4.0% (up from 2.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Jan 26Now 20% undervaluedOver the last 90 days, the stock has risen 8.8% to €6.27. The fair value is estimated to be €7.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.
お知らせ • Jan 20+ 3 more updatesEnel SpA to Report Fiscal Year 2023 Results on Mar 21, 2024Enel SpA announced that they will report fiscal year 2023 results on Mar 21, 2024
Upcoming Dividend • Jan 15Upcoming dividend of €0.21 per share at 6.3% yieldEligible shareholders must have bought the stock before 22 January 2024. Payment date: 24 January 2024. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 6.3%. Within top quartile of Austrian dividend payers (5.0%). Higher than average of industry peers (5.2%).
Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: €0.15 (vs €0.01 in 3Q 2022)Third quarter 2023 results: EPS: €0.15 (up from €0.01 in 3Q 2022). Revenue: €22.4b (down 47% from 3Q 2022). Net income: €1.68b (up €1.57b from 3Q 2022). Profit margin: 7.5% (up from 0.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.7% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Oct 27Public Power Corporation S.A. (ATSE:PPC) completed the acquisition of Enel assets in Romania from Enel SpA (BIT:ENEL) for approximately €1.2 billion.Public Power Corporation S.A. (ATSE:PPC) signed an exclusivity agreement to acquire Enel assets in Romania from Enel SpA (BIT:ENEL) on December 14, 2022. Public Power Corporation S.A. (ATSE:PPC) signed an agreement to acquire Enel assets in Romania from Enel SpA (BIT:ENEL) for approximately €1.3 billion on March 9, 2023. In addition, the total consideration is subject to adjustments customary for these kinds of transactions as well as to an earn-out mechanism for a potential additional payment based on the future value of the retail business. PPC intends to finance the Acquisition with a combination of debt and cash on balance sheet, with €800 million of committed debt financing in the form of a €485 million 5-year term loan facility through Greek banks and a €315 million bridge facility through international banks. The transaction is subject to due diligence and approval by antitrust authorities. As of February 4, 2023, the exclusivity period for negotiations has been extended until February 28, 2023. As of June 26, 2023 European Commission approved the transaction. The transaction is expected to close in third quarter of 2023. Citigroup Global Markets Europe AG, Goldman Sachs Bank Europe SE, HSBC Continental Europe acted as financial advisors, S.A, Lisa O’Neill, Apostolos Gkoutzinis, Andrew Reilly, Trevor Truman, and Alan Rafferty of Milbank LLP acted as a legal advisor, Cornelia Bumbacea, Andreea Bistriceanu, Andreea Oprescu, Laura Paraschiv, Andreea Puiu, Daniel Anghel, Ruxandra Târlescu, Adina Vizoli, oana Bara, Ludmila Petrescu, Claudiu Simionescu, and Anca Lungeanu of PwC Romania, PwC Greece and Anda Rojanschi, Cristina Paduraru and Ovidiu Bold of D&B David si Baias experts provided due diligence, tax structuring advice and support on the complex financial and tax aspects of the transaction documents, as well as legal advice to Public Power Corporation S.A. (ATSE:PPC). Clifford Chance LLP acted as legal advisor to Enel SpA in the transcation.Public Power Corporation S.A. (ATSE:PPC) completed the acquisition of Enel assets in Romania from Enel SpA (BIT:ENEL) for approximately €1.2 billion on October 25, 2023. Following the fulfillment of all the conditions precedent customary for these kinds of transactions set forth in the related sale agreement closed the transaction. AXIA Ventures Group and Euroxx Securities SA acted as financial advisors to PPC.
お知らせ • Oct 26Sonnedix Chile Arcadia Generación S.p.A. and Sonnedix Chile Arcadia SPA acquired Arcadia Generación Solar S.p.A. from Enel S.p.A.and Enel Chile S.A.Sonnedix Chile Arcadia Generación S.p.A. and Sonnedix Chile Arcadia SPA signed a stock purchase agreement to acquire Arcadia Generación Solar S.p.A. from Enel S.p.A.and Enel Chile S.A. for an enterprise value of $550 million on July 12, 2023. The total consideration, subject to adjustments customary for these kinds of transactions. The closing of the sale is subject to certain conditions precedent customary for these kinds of transactions, including the clearance from the Chilean antitrust authority Fiscalía Nacional Económica (FNE).Sonnedix Chile Arcadia Generación S.p.A. and Sonnedix Chile Arcadia SPA completed the acquisition of Arcadia Generación Solar S.p.A. from Enel S.p.A.and Enel Chile S.A. on October 25, 2023
Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: €0.14 (vs €0.022 in 2Q 2022)Second quarter 2023 results: EPS: €0.14 (up from €0.022 in 2Q 2022). Revenue: €20.7b (down 34% from 2Q 2022). Net income: €1.42b (up €1.20b from 2Q 2022). Profit margin: 6.9% (up from 0.7% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 17Upcoming dividend of €0.20 per share at 6.4% yieldEligible shareholders must have bought the stock before 24 July 2023. Payment date: 26 July 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.4%. Within top quartile of Austrian dividend payers (5.4%). Higher than average of industry peers (5.3%).
お知らせ • Jul 13Sonnedix Chile Arcadia Generación S.p.A. and Sonnedix Chile Arcadia SPA signed a stock purchase agreement to acquire Arcadia Generación Solar S.p.A. from Enel S.p.A.and Enel Chile S.A. for an enterprise value of $550 million.Sonnedix Chile Arcadia Generación S.p.A. and Sonnedix Chile Arcadia SPA signed a stock purchase agreement to acquire Arcadia Generación Solar S.p.A. from Enel S.p.A.and Enel Chile S.A. for an enterprise value of $550 million on July 12, 2023. The total consideration, subject to adjustments customary for these kinds of transactions. The closing of the sale is subject to certain conditions precedent customary for these kinds of transactions, including the clearance from the Chilean antitrust authority Fiscalía Nacional Económica (FNE).
お知らせ • Jul 06Enel Dismisses Rumours over Sale of EndesaEnel SpA (BIT:ENEL) dismissed suggestions that it is planning to sell its majority stake in Spain’s Endesa, S.A. (BME:ELE) and that a deal had been discussed involving energy group Repsol, S.A. (BME:REP). El Confidencial reported on July 4, 2023 that Repsol Chairman Antonio Brufau had met Borja Prado, an investment banker and former Endesa chairman, to discuss a potential takeover of Endesa before Spain’s election this month. “Enel dismisses the rumours about Endesa as totally groundless,” the Italian power group said in a statement, responding to a report by Spain’s El Confidencial. “Enel has no intentions of selling its stakes in Endesa, neither now nor in the future, as the company is a key asset for its strategy.” The Italian company also emphasised that there have been no discussions on any such deal. “There has never been any meeting between the managers of Enel and Repsol, nor with Borja Prado. This false news risks having distorting effects on the performance of the stock market,” it added. A Repsol spokesperson said that company is not studying any deal for Endesa. Enel’s 70% stake in Endesa, Spain’s largest electricity provider, has a market value of nearly EUR 15 billion ($16 billion) at July 4, 2023 share prices. Its sale would significantly reduce Enel’s net debt, analysts at Equita brokerage said in a report. However, it added that the Italian group’s current asset disposal strategy does not include the stake in the Spanish group.
お知らせ • Jun 14+ 3 more updatesEnel S.p.A. Appoints Internal CommitteesEnel S.p.A. appointed the following internal Committees, whose duties have been confirmed vis-a-vis the previous mandate. Nomination and Compensation Committee, recommended by the current Italian Corporate Governance Code (the 'Corporate Governance Code'), with preliminary functions, of a proposing and consultative nature, within its remit. This Committee is composed of the following non-executive Directors, the majority of whom qualified as independent (including the Chair) according to the Corporate Governance Code: Alessandra Stabilini (acting as Chair), Johanna Arbib, Olga Cuccurullo, Dario Frigerio and Fiammetta Salmoni. The Board of Directors recognized Director Dario Frigerio as possessing the requirement of adequate knowledge and experience in financial matters; Control and Risks Committee, recommended by the Corporate Governance Code, with preliminary functions, of a proposing and consultative nature, within its remit. This Committee is composed of the following non-executive Directors, the majority of whom qualified as independent (including the Chair) according to the Corporate Governance Code: Dario Frigerio (acting as Chair), Mario Corsi, Olga Cuccurulloand Alessandro Zehentner. The Board of Directors recognized (i) Director Dario Frigerio as possessing the requirement of adequate knowledge and experience in accounting and finance as well as in risk management, and (ii) Director Mario Corsi as possessing the requirement of adequate knowledge and experience in risk management; Related Parties Committee, responsible for issuing specific opinions on transactions with related parties carried out by Enel, either directly or through subsidiaries, in the cases indicated and in the ways provided for by the related-party transaction Procedure adopted by the Board of Directors, in compliance with the rules laid down by Consob. This Committee is composed of the following Directors, all qualified as independent according to the Corporate Governance Code: Fiammetta Salmoni (acting as Chair), Mario Corsi and Alessandro Zehentner; Corporate Governance and Sustainability Committee, responsible for assisting the Board of Directors, with preliminary functions of a proposing and consultative nature, on its assessments and decisions related to the corporate governance of the Company and the Group as well as to sustainability issues. This Committee is composed of the following Directors, all qualified as independent according to the Corporate Governance Code: Paolo Scaroni (acting as Chair), Johanna Arbib and Alessandra Stabilini.
Reported Earnings • May 15First quarter 2023 earnings released: EPS: €0.099 (vs €0.15 in 1Q 2022)First quarter 2023 results: EPS: €0.099 (down from €0.15 in 1Q 2022). Revenue: €26.4b (down 23% from 1Q 2022). Net income: €1.02b (down 31% from 1Q 2022). Profit margin: 3.9% (down from 4.4% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.3% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • May 10Enel S.p.A. Announces Resignation of Annachiara Svelto to Board of DirectorsEnel S.p.A. announced that Ms. Annachiara Svelto resigned on 08 May 2023 evening, effective as 09 May 2023, from her position as a member of the Company's Board of Directors. The resignation is due to the inclusion of Ms Svelto in a slate of candidates for the office of member of the Board of Directors of Terna S.p.A. ('Terna') filed in view of the Shareholders' Meeting of that company convened for May 9, 2023, and takes into account the incompatibility provided for in Terna's Bylaws between the position of board member of companies active in power or gas generation or supply and the position of board member of Terna. In the 2020/2022 mandate, Ms. Svelto, as an independent Director of Enel, has also been Chair of the Related Parties Committee and member of the Nomination and Compensation Committee established within the Company's Board of Directors.
Reported Earnings • Apr 15Full year 2022 earnings released: EPS: €0.35 (vs €0.30 in FY 2021)Full year 2022 results: EPS: €0.35 (up from €0.30 in FY 2021). Revenue: €138.0b (up 66% from FY 2021). Net income: €3.51b (up 16% from FY 2021). Profit margin: 2.5% (down from 3.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 5.2% p.a. on average during the next 3 years compared to a 4.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Feb 07Enel Enters into Exclusive Talks to Sell Stake in 3Sun Solar PlantEnel SpA (BIT:ENEL) has entered into exclusive talks to sell a stake in 3Sun Solar, its photovoltaic panel production site in Sicily, Chief Executive Francesco Starace said on February 6, 2023. "We will make an announcement in the coming days," Starace said on the sidelines of an Enel event. Starace also said he thought it was time for the West to reduce its dependence on China for solar panel production.
お知らせ • Feb 03EDP Brasil to Look At Possibility of Buying Enel-Owned Power Distributor in CearaEDP - Energias do Brasil S.A. (BOVESPA:ENBR3) may sell stake in coal-fired PECEM Power Plant, but no decision has been taken so far, CEO says. EDP Brasil will look at possibility of buying Enel SpA (BIT:ENEL)-owned power distributor in Ceara, CEO says.
お知らせ • Jan 27+ 5 more updatesEnel SpA to Report Q3, 2023 Results on Nov 07, 2023Enel SpA announced that they will report Q3, 2023 results on Nov 07, 2023
Upcoming Dividend • Jan 16Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 23 January 2023. Payment date: 25 January 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.0%. Within top quartile of Austrian dividend payers (5.2%). Higher than average of industry peers (4.3%).
Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: €0.01 (vs €0.067 in 3Q 2021)Third quarter 2022 results: EPS: €0.01 (down from €0.067 in 3Q 2021). Revenue: €42.0b (up 80% from 3Q 2021). Net income: €109.0m (down 85% from 3Q 2021). Profit margin: 0.3% (down from 3.1% in 3Q 2021). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Samuel Leupold was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: €0.01 (vs €0.075 in 3Q 2021)Third quarter 2022 results: EPS: €0.01 (down from €0.075 in 3Q 2021). Revenue: €42.0b (up 50% from 3Q 2021). Net income: €109.0m (down 85% from 3Q 2021). Profit margin: 0.3% (down from 2.6% in 3Q 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Oct 15Enel Reportedly to Sell Stake in Its Grid Services Unit to CVCItaly's biggest utility Enel SpA (BIT:ENEL) is in advanced talks to sell a stake in its grid services unit to private equity firm CVC, two sources with knowledge of the matter said. Under the agreement, which could be signed in the next few days, CVC would buy a stake of 50% in Enel's Gridspertise unit, one of the sources told Reuters. Enel declined to comment on the issue. CVC was not immediately available for comment. The sale is part of Enel's broader strategy dubbed 'stewardship business model' under which the Italian group aims to attract investments from partners to jointly develop some of its businesses in the areas of renewable energy, electrification or services. Gridspertise, which was set up last year, offers digital grid services to power distributors in Italy and abroad. The unit manages activities related to digital meters and intelligent grid services to help its customers deal with the increasing amounts of power generated from intermittent renewable energy sources.
お知らせ • Oct 14PJSC LUKOIL (MISX:LKOH) completed the acquisition of a 26.9% stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL).PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire 26.9% percent stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) on June 16, 2022. In a related transaction, AAA Capital Management agreed to acquire a 29.5% stake in in PJSC Enel Russia from Enel SpA on June 16, 2022. The combined consideration comprises of approximately €140 million. PJSC Lukoil will receive 9.5 billion shares in Enel Russia as a result of the deal. Enel Russia's charter capital is divided into 35.37 billion ordinary shares, meaning that Lukoil will own 26.9% of shares. The completion of this operation is scheduled for the third quarter of this year and is subject to a series of conditions, such as the approval of the Russian authorities competent in foreign investment and antitrust. As of September 20, 2022 government approved the deal. PJSC LUKOIL (MISX:LKOH) completed the acquisition of a 26.9% stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL) on October 12, 2022.
お知らせ • Aug 10PJSC LUKOIL (MISX:LKOH) cancelled the agreement to acquire 56.43% stake in PJSC Enel Russia from Enel SpA (BIT:ENEL).PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire 56.43% percent stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) for approximately €140 million on June 16, 2022. The completion of this operation is scheduled for the third quarter of this year and is subject to a series of conditions, such as the approval of the Russian authorities competent in foreign investment and antitrust. PJSC LUKOIL (MISX:LKOH) cancelled the agreement to acquire 56.43% stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) on August 9, 2022.
Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: €0.024 (vs €0.057 in 2Q 2021)Second quarter 2022 results: EPS: €0.024 (down from €0.057 in 2Q 2021). Revenue: €32.3b (up 153% from 2Q 2021). Net income: €263.0m (down 56% from 2Q 2021). Profit margin: 0.8% (down from 4.7% in 2Q 2021). Over the next year, revenue is forecast to decline by 21% while the industry in Austria is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year.
Upcoming Dividend • Jul 11Upcoming dividend of €0.19 per shareEligible shareholders must have bought the stock before 18 July 2022. Payment date: 20 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.2%. Within top quartile of Austrian dividend payers (5.4%). Higher than average of industry peers (4.4%).
お知らせ • Jun 18PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire 56.43 percent stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) for approximately €140 million.PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire 56.43 percent stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) for approximately €140 million on June 16, 2022. The completion of this operation is scheduled for the third quarter of this year and is subject to a series of conditions, such as the approval of the Russian authorities competent in foreign investment and antitrust.
お知らせ • Jun 17PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire unknown minority stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL).PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire unknown minority stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL) on June 16, 2022. Enel S.p.A. has signed two separate agreements with, respectively, PJSC Lukoil (“Lukoil”) and Closed Combined Mutual Investment Fund “Gazprombank-Frezia” (the “Fund”) for the sale of the entire stake held in Enel Russia, equal to 56.43% of the latter’s share capital, for an overall consideration of about €137 million that will be paid at closing. The closing of the transaction, which is expected within the third quarter of this year, is subject to a series of conditions precedent, including the clearance by the Russian Government Commission on Monitoring Foreign Investment and the Russian Federal Antimonopoly Service.
Reported Earnings • May 06First quarter 2022 earnings released: EPS: €0.14 (vs €0.12 in 1Q 2021)First quarter 2022 results: EPS: €0.14 (up from €0.12 in 1Q 2021). Revenue: €35.0b (up 104% from 1Q 2021). Net income: €1.43b (up 22% from 1Q 2021). Profit margin: 4.1% (down from 6.9% in 1Q 2021). Over the next year, revenue is expected to shrink by 12% compared to a 3.2% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director Anna Svelto is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 19Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.31 (up from €0.26 in FY 2020). Revenue: €88.0b (up 38% from FY 2020). Net income: €3.19b (up 22% from FY 2020). Profit margin: 3.6% (down from 4.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 17%. Over the next year, revenue is expected to shrink by 12% compared to a 2.7% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €5.59, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.52 per share.
Upcoming Dividend • Jan 17Upcoming dividend of €0.19 per shareEligible shareholders must have bought the stock before 24 January 2022. Payment date: 26 January 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.6%. Within top quartile of Austrian dividend payers (3.4%). Higher than average of industry peers (4.1%).
Executive Departure • Dec 02Head of Country Italy Carlo Tamburi has left the companyOn the 1st of December, Carlo Tamburi's tenure as Head of Country Italy ended. We don't have any record of a personal shareholding under Carlo's name. Carlo is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.08 years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS €0.075 (vs €0.099 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €28.1b (up 74% from 3Q 2020). Net income: €727.0m (down 25% from 3Q 2020). Profit margin: 2.6% (down from 6.1% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
