View ValuationEndesa 将来の成長Future 基準チェック /16Endesa利益と収益がそれぞれ年間0.8%と1.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に24.4% 1.6%なると予測されています。主要情報0.8%収益成長率1.62%EPS成長率Electric Utilities 収益成長7.6%収益成長率1.4%将来の株主資本利益率24.43%アナリストカバレッジGood最終更新日19 May 2026今後の成長に関する最新情報お知らせ • Oct 30Endesa, S.A. Confirms Earnings Guidance for the Year 2025Endesa, S.A. confirmed earnings guidance for the year 2025. These results allow the company to confirm that it is well on track to reach the upper range of forecast, in terms of net income. The company confirm that it expect to reach the top end of the Capital Market Day guidance for the full year 2025.すべての更新を表示Recent updatesReported Earnings • May 07First quarter 2026 earnings released: EPS: €0.70 (vs €0.55 in 1Q 2025)First quarter 2026 results: EPS: €0.70 (up from €0.55 in 1Q 2025). Revenue: €5.82b (flat on 1Q 2025). Net income: €725.0m (up 24% from 1Q 2025). Profit margin: 12% (up from 10.0% in 1Q 2025). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.3% growth 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 increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • May 01Final dividend of €0.88 announcedShareholders will receive a dividend of €0.88. Ex-date: 8th July 2026 Payment date: 10th July 2026 Dividend yield will be 3.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 7.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 25Endesa, S.A., Annual General Meeting, Apr 28, 2026Endesa, S.A., Annual General Meeting, Apr 28, 2026. Location: calle ribera del loira 60, madrid., SpainReported Earnings • Feb 25Full year 2025 earnings released: EPS: €2.11 (vs €1.78 in FY 2024)Full year 2025 results: EPS: €2.11 (up from €1.78 in FY 2024). Revenue: €21.4b (up 2.3% from FY 2024). Net income: €2.20b (up 16% from FY 2024). Profit margin: 10% (up from 9.0% in FY 2024). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Upcoming Dividend • Jan 03Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 08 January 2026. Payment date: 12 January 2026. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.4%). In line with average of industry peers (4.0%).お知らせ • Dec 23+ 3 more updatesEndesa, S.A. to Report Fiscal Year 2025 Results on Feb 24, 2026Endesa, S.A. announced that they will report fiscal year 2025 results at 10:00 AM, Central European Standard Time on Feb 24, 2026Declared Dividend • Dec 20Dividend of €0.41 announcedShareholders will receive a dividend of €0.41. Ex-date: 8th January 2026 Payment date: 12th January 2026 Dividend yield will be 3.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.7% over the next 3 years. However, it would need to fall by 30% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: €0.65 (vs €0.57 in 3Q 2024)Third quarter 2025 results: EPS: €0.65 (up from €0.57 in 3Q 2024). Revenue: €5.24b (flat on 3Q 2024). Net income: €670.0m (up 11% from 3Q 2024). Profit margin: 13% (up from 12% in 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 fallen by 6% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.お知らせ • Oct 30Endesa, S.A. Confirms Earnings Guidance for the Year 2025Endesa, S.A. confirmed earnings guidance for the year 2025. These results allow the company to confirm that it is well on track to reach the upper range of forecast, in terms of net income. The company confirm that it expect to reach the top end of the Capital Market Day guidance for the full year 2025.お知らせ • Aug 04Office National De L'electricite Et De L'eau Potable acquired remaining majority stake Energie Electrique de Tahaddart S.A. from Endesa, S.A. (BME:ELE) and Siemens Project Ventures GmbH.Office National De L'electricite Et De L'eau Potable acquired remaining majority stake Energie Electrique de Tahaddart S.A. from Endesa, S.A. (BME:ELE) and Siemens Project Ventures GmbH on April 29, 2025. According to Endesa's quarterly accounts, the transaction resulted in a loss of €1 million, and it reportedly earned €11 million from the sale. Office National De L'electricite Et De L'eau Potable completed the acquisition of remaining majority stake Energie Electrique de Tahaddart S.A. from Endesa, S.A. (BME:ELE) and Siemens Project Ventures GmbH on April 29, 2025.Reported Earnings • Jul 29Second quarter 2025 earnings released: EPS: €0.44 (vs €0.48 in 2Q 2024)Second quarter 2025 results: EPS: €0.44 (down from €0.48 in 2Q 2024). Revenue: €5.07b (up 6.0% from 2Q 2024). Net income: €458.0m (down 9.8% from 2Q 2024). Profit margin: 9.0% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% 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 fallen by 8% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Upcoming Dividend • Jun 20Upcoming dividend of €0.66 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.4%). In line with average of industry peers (4.5%).Reported Earnings • May 09First quarter 2025 earnings released: EPS: €0.55 (vs €0.28 in 1Q 2024)First quarter 2025 results: EPS: €0.55 (up from €0.28 in 1Q 2024). Revenue: €5.90b (up 8.1% from 1Q 2024). Net income: €583.0m (up 100% from 1Q 2024). Profit margin: 9.9% (up from 5.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Declared Dividend • Mar 31Final dividend of €0.66 announcedShareholders will receive a dividend of €0.66. Ex-date: 27th June 2025 Payment date: 1st July 2025 Dividend yield will be 4.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 27Endesa, S.A., Annual General Meeting, Apr 29, 2025Endesa, S.A., Annual General Meeting, Apr 29, 2025. Location: calle ribera del loira 60, madrid SpainReported Earnings • Mar 05Full year 2024 earnings released: EPS: €1.78 (vs €0.70 in FY 2023)Full year 2024 results: EPS: €1.78 (up from €0.70 in FY 2023). Revenue: €20.9b (down 17% from FY 2023). Net income: €1.89b (up 154% from FY 2023). Profit margin: 9.0% (up from 3.0% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Jan 09+ 3 more updatesEndesa, S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025Endesa, S.A. announced that they will report fiscal year 2024 results on Feb 27, 2025Upcoming Dividend • Dec 30Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 06 January 2025. Payment date: 08 January 2025. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.9%). In line with average of industry peers (5.0%).Buy Or Sell Opportunity • Dec 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.8% to €20.51. The fair value is estimated to be €16.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.Declared Dividend • Nov 21Dividend of €0.41 announcedShareholders will receive a dividend of €0.41. Ex-date: 6th January 2025 Payment date: 8th January 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio). However, it is well covered by cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 8.2% to bring the payout ratio under control. EPS is expected to grow by 36% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: €0.57 (vs €0.17 in 3Q 2023)Third quarter 2024 results: EPS: €0.57 (up from €0.17 in 3Q 2023). Revenue: €5.52b (down 8.0% from 3Q 2023). Net income: €604.0m (up 236% from 3Q 2023). Profit margin: 11% (up from 3.0% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe.お知らせ • Oct 29Acciona Energia Hydro Assets Reportedly Attract Big-Name BiddersThe reported hydropower asset sale by Spanish renewables company Corporación Acciona Energías Renovables, S.A. (BME:ANE) has caught the eye of utility heavy-weights Endesa, S.A. (BME:ELE) and Statkraft AS, business newspaper Cinco Dias reported on 25 October 2024. Spanish renewables developer and asset manager Exus Partners and Austrian energy group KELAG-Kärntner Elektrizitäts-Aktiengesellschaft (Kelag) are also said to be among the potential bidders for Acciona Energia's hydro portfolio in Spain, which is expected to be valued at around EUR 1 billion (USD 1.08 billion), according to the report. Acciona Energia has already enlisted banks to help find buyers for the portfolio and expects to receive the first non-binding offers in early November, as Reuters recently reported. Endesa is not only a strong competitor for this acquisition, but the Spanish utility is also familiar with Acciona Energia's hydropower plants, according to Cinco Dias.Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: €0.48 (vs €0.27 in 2Q 2023)Second quarter 2024 results: EPS: €0.48 (up from €0.27 in 2Q 2023). Revenue: €4.96b (down 10% from 2Q 2023). Net income: €508.0m (up 78% from 2Q 2023). Profit margin: 10% (up from 5.2% in 2Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Electric Utilities industry in Europe.New Risk • May 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Dividend is not well covered by earnings (240% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin).Reported Earnings • May 10First quarter 2024 earnings released: EPS: €0.28 (vs €0.56 in 1Q 2023)First quarter 2024 results: EPS: €0.28 (down from €0.56 in 1Q 2023). Revenue: €5.55b (down 25% from 1Q 2023). Net income: €292.0m (down 51% from 1Q 2023). Profit margin: 5.3% (down from 8.1% in 1Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.Declared Dividend • Mar 24Final dividend of €0.41 announcedShareholders will receive a dividend of €0.41. Ex-date: 27th June 2024 Payment date: 1st July 2024 Dividend yield will be 4.8%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (143% earnings payout ratio). However, it is well covered by cash flows (44% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 59% to bring the payout ratio under control. EPS is expected to grow by 84% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Mar 22Endesa, S.A., Annual General Meeting, Apr 24, 2024Endesa, S.A., Annual General Meeting, Apr 24, 2024, at 12:00 Central European Standard Time. Location: calle Ribera del Loira no. 60, Madrid Spain Agenda: To consider approval of the Individual Annual Financial Statements of ENDESA, S.A.; to consider approval of the Individual Management Report of ENDESA, S.A. and the Consolidated Management Report of ENDESA, S.A. and its subsidiary companies for fiscal year ending 31 December 2023; to consider approval of the Non-Financial Information and Sustainability Statement of the Consolidated Group for fiscal year ending 31 December 2023; to consider approval of the corporate management for fiscal year ending 31 December 2023; to consider approval of the application of profits corresponding to the fiscal year ended 31 December 2023 and the resulting distribution of a dividend charged to those profits and to retained earnings from previous years; and to transact other business.New Risk • Mar 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% 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: Minor Risks High level of debt (150% net debt to equity). Dividend is not well covered by earnings (143% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin).Reported Earnings • Mar 01Full year 2023 earnings released: EPS: €0.70 (vs €2.40 in FY 2022)Full year 2023 results: EPS: €0.70 (down from €2.40 in FY 2022). Revenue: €25.5b (down 22% from FY 2022). Net income: €742.0m (down 71% from FY 2022). Profit margin: 2.9% (down from 7.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.お知らせ • Jan 21Endesa, S.A. to Report Fiscal Year 2023 Results on Feb 08, 2024Endesa, S.A. announced that they will report fiscal year 2023 results on Feb 08, 2024お知らせ • Jan 20+ 2 more updatesEndesa, S.A. to Report First Half, 2024 Results on Jul 24, 2024Endesa, S.A. announced that they will report first half, 2024 results on Jul 24, 2024Upcoming Dividend • Dec 21Upcoming dividend of €0.41 per share at 8.2% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 02 January 2024. Payout ratio is on the higher end at 86%, and the cash payout ratio is above 100%. Trailing yield: 8.2%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (5.4%).お知らせ • Nov 24Endesa, S.A. Announces Interim Dividend for 2023, Payable on 2 January 2024Endesa, S.A. return to paying the dividend in 2 installments as in previous years. 2023 interim dividend will amount to EUR 0.5 per share to be paid the 2nd of January 2024.Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: €0.17 (vs €0.69 in 3Q 2022)Third quarter 2023 results: EPS: €0.17 (down from €0.69 in 3Q 2022). Revenue: €6.32b (down 35% from 3Q 2022). Net income: €180.0m (down 76% from 3Q 2022). Profit margin: 2.8% (down from 7.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 3.6% p.a. on average during the next 3 years compared to a 4.9% decline forecast for the Electric Utilities industry in Europe.Board Change • Oct 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Stefano De Angelis was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Sep 20Endesa Reportedly Eyeing Sale of 49% Stake in 2-GW PortfolioEndesa, S.A. (BME:ELE) is seeking to sell a minority stake in a 2,000-MW renewables portfolio to a strategic partner, media in Spain reported on 18 September 2023 citing unnamed sources. Spanish business news outlet Cinco Dias was the first to report that the utility engaged banks Banco Santander SA (BME:SAN) and Intesa Sanpaolo SpA (BIT:ISP) to work out a deal. Endesa is open to selling up to a 49% stake in the portfolio, which the sources say is filled mainly with solar photovoltaic assets. The package will include both projects in development and assets in operation, with some power purchase agreements (PPAs) in it as well, Cinco Dias reports. The portfolio is worth around EUR 2 billion (USD 214bn), according to initial valuations by the banks, Cinco Dias and news agency Europa Press have learned. Endesa has declined to respond to their requests for comment. The company has 9,293 MW of installed renewable energy capacity in mainland Spain, according to its 2023 half-year earnings report. It operates as a utility in Spain and Portugal.New Risk • Jul 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 7.1% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: €0.27 (vs €0.55 in 2Q 2022)Second quarter 2023 results: EPS: €0.27 (down from €0.55 in 2Q 2022). Revenue: €5.75b (down 20% from 2Q 2022). Net income: €285.0m (down 51% from 2Q 2022). Profit margin: 5.0% (down from 8.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 6.6% p.a. on average during the next 3 years compared to a 4.0% decline forecast for the Electric Utilities industry in Europe.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.Upcoming Dividend • Jun 22Upcoming dividend of €1.28 per share at 7.5% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.9%).Board Change • Mar 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Francesca Gostinelli was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 25Full year 2022 earnings released: EPS: €2.40 (vs €1.36 in FY 2021)Full year 2022 results: EPS: €2.40 (up from €1.36 in FY 2021). Revenue: €32.9b (up 60% from FY 2021). Net income: €2.54b (up 77% from FY 2021). Profit margin: 7.7% (up from 7.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 2.1% decline forecast for the Electric Utilities industry in Europe.お知らせ • Jan 25Endesa, S.A. to Report Fiscal Year 2022 Results on Feb 24, 2023Endesa, S.A. announced that they will report fiscal year 2022 results at 9:00 AM, Central European Standard Time on Feb 24, 2023お知らせ • Jan 24+ 1 more updateEndesa, S.A. to Report Nine Months, 2023 Results on Oct 31, 2023Endesa, S.A. announced that they will report nine months, 2023 results on Oct 31, 2023Buying Opportunity • Nov 24Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 3.5%. The fair value is estimated to be €23.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to decline by 6.4% per annum. Earnings is forecast to grow by 2.4% per annum over the same time period.Board Change • Oct 31High number of new directorsDirector Cristina de Halcon was the last director to join the board, commencing their role in 2022.Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: €0.55 (vs €0.32 in 2Q 2021)Second quarter 2022 results: EPS: €0.55 (up from €0.32 in 2Q 2021). Revenue: €7.34b (up 82% from 2Q 2021). Net income: €578.0m (up 70% from 2Q 2021). Profit margin: 7.9% (down from 8.4% in 2Q 2021). Over the next year, revenue is expected to shrink by 17% compared to a 1.5% growth forecast for the industry in Germany.Upcoming Dividend • Jun 22Upcoming dividend of €0.76 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (4.5%).Board Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Cristina de Halcon was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 27High number of new directorsIndependent Director Maria Bieto Caubet was the last director to join the board, commencing their role in 2020.Buying Opportunity • Apr 12Now 21% undervaluedOver the last 90 days, the stock is up 1.3%. The fair value is estimated to be €24.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to decline by 0.08% per annum. Earnings is forecast to grow by 7.1% per annum over the same time period.Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €1.36 (up from €1.32 in FY 2020). Revenue: €20.5b (up 23% from FY 2020). Net income: €1.44b (up 2.9% from FY 2020). Profit margin: 7.0% (down from 8.3% in FY 2020). Revenue exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to stay flat compared to a 7.5% growth forecast for the industry in Germany.Board Change • Nov 23High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Maria Bieto Caubet 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.業績と収益の成長予測XTRA:ENA - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202821,5752,4011,4524,6551612/31/202721,5742,3661,2814,5651812/31/202621,2012,3721,5814,653143/31/202620,9542,3401,9733,845N/A12/31/202521,0312,1982,2074,051N/A9/30/202521,1242,1952,5064,335N/A6/30/202521,4032,1292,9024,731N/A3/31/202521,2842,1792,7904,643N/A12/31/202420,9351,8881,7213,567N/A9/30/202421,6741,0872,5854,527N/A6/30/202422,4196632,1924,274N/A3/31/202423,1584402,7484,961N/A12/31/202325,0707422,4134,697N/A9/30/202327,0501,9491,6163,925N/A6/30/202330,7382,5041,1523,456N/A3/31/202332,4062,797-1152,051N/A12/31/202232,5452,541-4601,672N/A9/30/202230,9131,627692,345N/A6/30/202226,3731,519-2681,960N/A3/31/202223,3231,282-6231,562N/A12/31/202120,5271,4355392,621N/A9/30/202118,3731,342651,844N/A6/30/202117,2891,0987222,448N/A3/31/202116,8371,0411,5713,258N/A12/31/202016,7171,3941,2472,951N/A9/30/202017,3231,5061,6083,340N/A6/30/202018,0445231,5753,269N/A3/31/202018,8396521,3433,122N/A12/31/201919,262171N/A3,181N/A9/30/201919,238400N/A3,089N/A6/30/201919,5241,441N/A2,688N/A3/31/201919,5951,408N/A2,731N/A12/31/201819,6031,417N/A2,420N/A9/30/201819,8121,571N/A2,204N/A6/30/201819,3761,562N/A2,402N/A3/31/201819,5141,582N/A1,926N/A12/31/201719,6111,463N/A2,438N/A9/30/201719,1691,191N/A1,816N/A6/30/201719,3001,268N/A2,200N/A3/31/201718,8051,322N/A2,866N/A12/31/201618,3211,411N/A2,995N/A9/30/201618,2341,185N/A3,517N/A6/30/201618,3411,012N/A2,932N/A3/31/201618,837993N/A2,414N/A12/31/201519,2871,086N/A2,656N/A9/30/201520,4441,278N/A2,922N/A6/30/201520,644927N/A2,942N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ENAの予測収益成長率 (年間0.8% ) は 貯蓄率 ( 1.9% ) を下回っています。収益対市場: ENAの収益 ( 0.8% ) German市場 ( 16.9% ) よりも低い成長が予測されています。高成長収益: ENAの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: ENAの収益 ( 1.4% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: ENAの収益 ( 1.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ENAの 自己資本利益率 は、3年後には高くなると予測されています ( 24.4 %)成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance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2026/05/20 05:09終値2026/05/20 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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Endesa, S.A. 20 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。41 アナリスト機関Virginia RomeroBanco de Sabadell. S.A.null nullBanco de Sabadell. S.A.Bosco Muguiro EulateBanco Santander38 その他のアナリストを表示
お知らせ • Oct 30Endesa, S.A. Confirms Earnings Guidance for the Year 2025Endesa, S.A. confirmed earnings guidance for the year 2025. These results allow the company to confirm that it is well on track to reach the upper range of forecast, in terms of net income. The company confirm that it expect to reach the top end of the Capital Market Day guidance for the full year 2025.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: €0.70 (vs €0.55 in 1Q 2025)First quarter 2026 results: EPS: €0.70 (up from €0.55 in 1Q 2025). Revenue: €5.82b (flat on 1Q 2025). Net income: €725.0m (up 24% from 1Q 2025). Profit margin: 12% (up from 10.0% in 1Q 2025). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.3% growth 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 increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • May 01Final dividend of €0.88 announcedShareholders will receive a dividend of €0.88. Ex-date: 8th July 2026 Payment date: 10th July 2026 Dividend yield will be 3.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 7.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 25Endesa, S.A., Annual General Meeting, Apr 28, 2026Endesa, S.A., Annual General Meeting, Apr 28, 2026. Location: calle ribera del loira 60, madrid., Spain
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: €2.11 (vs €1.78 in FY 2024)Full year 2025 results: EPS: €2.11 (up from €1.78 in FY 2024). Revenue: €21.4b (up 2.3% from FY 2024). Net income: €2.20b (up 16% from FY 2024). Profit margin: 10% (up from 9.0% in FY 2024). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jan 03Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 08 January 2026. Payment date: 12 January 2026. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.4%). In line with average of industry peers (4.0%).
お知らせ • Dec 23+ 3 more updatesEndesa, S.A. to Report Fiscal Year 2025 Results on Feb 24, 2026Endesa, S.A. announced that they will report fiscal year 2025 results at 10:00 AM, Central European Standard Time on Feb 24, 2026
Declared Dividend • Dec 20Dividend of €0.41 announcedShareholders will receive a dividend of €0.41. Ex-date: 8th January 2026 Payment date: 12th January 2026 Dividend yield will be 3.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.7% over the next 3 years. However, it would need to fall by 30% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: €0.65 (vs €0.57 in 3Q 2024)Third quarter 2025 results: EPS: €0.65 (up from €0.57 in 3Q 2024). Revenue: €5.24b (flat on 3Q 2024). Net income: €670.0m (up 11% from 3Q 2024). Profit margin: 13% (up from 12% in 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 fallen by 6% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
お知らせ • Oct 30Endesa, S.A. Confirms Earnings Guidance for the Year 2025Endesa, S.A. confirmed earnings guidance for the year 2025. These results allow the company to confirm that it is well on track to reach the upper range of forecast, in terms of net income. The company confirm that it expect to reach the top end of the Capital Market Day guidance for the full year 2025.
お知らせ • Aug 04Office National De L'electricite Et De L'eau Potable acquired remaining majority stake Energie Electrique de Tahaddart S.A. from Endesa, S.A. (BME:ELE) and Siemens Project Ventures GmbH.Office National De L'electricite Et De L'eau Potable acquired remaining majority stake Energie Electrique de Tahaddart S.A. from Endesa, S.A. (BME:ELE) and Siemens Project Ventures GmbH on April 29, 2025. According to Endesa's quarterly accounts, the transaction resulted in a loss of €1 million, and it reportedly earned €11 million from the sale. Office National De L'electricite Et De L'eau Potable completed the acquisition of remaining majority stake Energie Electrique de Tahaddart S.A. from Endesa, S.A. (BME:ELE) and Siemens Project Ventures GmbH on April 29, 2025.
Reported Earnings • Jul 29Second quarter 2025 earnings released: EPS: €0.44 (vs €0.48 in 2Q 2024)Second quarter 2025 results: EPS: €0.44 (down from €0.48 in 2Q 2024). Revenue: €5.07b (up 6.0% from 2Q 2024). Net income: €458.0m (down 9.8% from 2Q 2024). Profit margin: 9.0% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% 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 fallen by 8% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jun 20Upcoming dividend of €0.66 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.4%). In line with average of industry peers (4.5%).
Reported Earnings • May 09First quarter 2025 earnings released: EPS: €0.55 (vs €0.28 in 1Q 2024)First quarter 2025 results: EPS: €0.55 (up from €0.28 in 1Q 2024). Revenue: €5.90b (up 8.1% from 1Q 2024). Net income: €583.0m (up 100% from 1Q 2024). Profit margin: 9.9% (up from 5.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Declared Dividend • Mar 31Final dividend of €0.66 announcedShareholders will receive a dividend of €0.66. Ex-date: 27th June 2025 Payment date: 1st July 2025 Dividend yield will be 4.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 27Endesa, S.A., Annual General Meeting, Apr 29, 2025Endesa, S.A., Annual General Meeting, Apr 29, 2025. Location: calle ribera del loira 60, madrid Spain
Reported Earnings • Mar 05Full year 2024 earnings released: EPS: €1.78 (vs €0.70 in FY 2023)Full year 2024 results: EPS: €1.78 (up from €0.70 in FY 2023). Revenue: €20.9b (down 17% from FY 2023). Net income: €1.89b (up 154% from FY 2023). Profit margin: 9.0% (up from 3.0% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Jan 09+ 3 more updatesEndesa, S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025Endesa, S.A. announced that they will report fiscal year 2024 results on Feb 27, 2025
Upcoming Dividend • Dec 30Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 06 January 2025. Payment date: 08 January 2025. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.9%). In line with average of industry peers (5.0%).
Buy Or Sell Opportunity • Dec 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.8% to €20.51. The fair value is estimated to be €16.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.
Declared Dividend • Nov 21Dividend of €0.41 announcedShareholders will receive a dividend of €0.41. Ex-date: 6th January 2025 Payment date: 8th January 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio). However, it is well covered by cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 8.2% to bring the payout ratio under control. EPS is expected to grow by 36% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: €0.57 (vs €0.17 in 3Q 2023)Third quarter 2024 results: EPS: €0.57 (up from €0.17 in 3Q 2023). Revenue: €5.52b (down 8.0% from 3Q 2023). Net income: €604.0m (up 236% from 3Q 2023). Profit margin: 11% (up from 3.0% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe.
お知らせ • Oct 29Acciona Energia Hydro Assets Reportedly Attract Big-Name BiddersThe reported hydropower asset sale by Spanish renewables company Corporación Acciona Energías Renovables, S.A. (BME:ANE) has caught the eye of utility heavy-weights Endesa, S.A. (BME:ELE) and Statkraft AS, business newspaper Cinco Dias reported on 25 October 2024. Spanish renewables developer and asset manager Exus Partners and Austrian energy group KELAG-Kärntner Elektrizitäts-Aktiengesellschaft (Kelag) are also said to be among the potential bidders for Acciona Energia's hydro portfolio in Spain, which is expected to be valued at around EUR 1 billion (USD 1.08 billion), according to the report. Acciona Energia has already enlisted banks to help find buyers for the portfolio and expects to receive the first non-binding offers in early November, as Reuters recently reported. Endesa is not only a strong competitor for this acquisition, but the Spanish utility is also familiar with Acciona Energia's hydropower plants, according to Cinco Dias.
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: €0.48 (vs €0.27 in 2Q 2023)Second quarter 2024 results: EPS: €0.48 (up from €0.27 in 2Q 2023). Revenue: €4.96b (down 10% from 2Q 2023). Net income: €508.0m (up 78% from 2Q 2023). Profit margin: 10% (up from 5.2% in 2Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Electric Utilities industry in Europe.
New Risk • May 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Dividend is not well covered by earnings (240% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin).
Reported Earnings • May 10First quarter 2024 earnings released: EPS: €0.28 (vs €0.56 in 1Q 2023)First quarter 2024 results: EPS: €0.28 (down from €0.56 in 1Q 2023). Revenue: €5.55b (down 25% from 1Q 2023). Net income: €292.0m (down 51% from 1Q 2023). Profit margin: 5.3% (down from 8.1% in 1Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.
Declared Dividend • Mar 24Final dividend of €0.41 announcedShareholders will receive a dividend of €0.41. Ex-date: 27th June 2024 Payment date: 1st July 2024 Dividend yield will be 4.8%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (143% earnings payout ratio). However, it is well covered by cash flows (44% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 59% to bring the payout ratio under control. EPS is expected to grow by 84% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Mar 22Endesa, S.A., Annual General Meeting, Apr 24, 2024Endesa, S.A., Annual General Meeting, Apr 24, 2024, at 12:00 Central European Standard Time. Location: calle Ribera del Loira no. 60, Madrid Spain Agenda: To consider approval of the Individual Annual Financial Statements of ENDESA, S.A.; to consider approval of the Individual Management Report of ENDESA, S.A. and the Consolidated Management Report of ENDESA, S.A. and its subsidiary companies for fiscal year ending 31 December 2023; to consider approval of the Non-Financial Information and Sustainability Statement of the Consolidated Group for fiscal year ending 31 December 2023; to consider approval of the corporate management for fiscal year ending 31 December 2023; to consider approval of the application of profits corresponding to the fiscal year ended 31 December 2023 and the resulting distribution of a dividend charged to those profits and to retained earnings from previous years; and to transact other business.
New Risk • Mar 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% 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: Minor Risks High level of debt (150% net debt to equity). Dividend is not well covered by earnings (143% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin).
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: €0.70 (vs €2.40 in FY 2022)Full year 2023 results: EPS: €0.70 (down from €2.40 in FY 2022). Revenue: €25.5b (down 22% from FY 2022). Net income: €742.0m (down 71% from FY 2022). Profit margin: 2.9% (down from 7.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.
お知らせ • Jan 21Endesa, S.A. to Report Fiscal Year 2023 Results on Feb 08, 2024Endesa, S.A. announced that they will report fiscal year 2023 results on Feb 08, 2024
お知らせ • Jan 20+ 2 more updatesEndesa, S.A. to Report First Half, 2024 Results on Jul 24, 2024Endesa, S.A. announced that they will report first half, 2024 results on Jul 24, 2024
Upcoming Dividend • Dec 21Upcoming dividend of €0.41 per share at 8.2% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 02 January 2024. Payout ratio is on the higher end at 86%, and the cash payout ratio is above 100%. Trailing yield: 8.2%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (5.4%).
お知らせ • Nov 24Endesa, S.A. Announces Interim Dividend for 2023, Payable on 2 January 2024Endesa, S.A. return to paying the dividend in 2 installments as in previous years. 2023 interim dividend will amount to EUR 0.5 per share to be paid the 2nd of January 2024.
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: €0.17 (vs €0.69 in 3Q 2022)Third quarter 2023 results: EPS: €0.17 (down from €0.69 in 3Q 2022). Revenue: €6.32b (down 35% from 3Q 2022). Net income: €180.0m (down 76% from 3Q 2022). Profit margin: 2.8% (down from 7.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 3.6% p.a. on average during the next 3 years compared to a 4.9% decline forecast for the Electric Utilities industry in Europe.
Board Change • Oct 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Stefano De Angelis was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Sep 20Endesa Reportedly Eyeing Sale of 49% Stake in 2-GW PortfolioEndesa, S.A. (BME:ELE) is seeking to sell a minority stake in a 2,000-MW renewables portfolio to a strategic partner, media in Spain reported on 18 September 2023 citing unnamed sources. Spanish business news outlet Cinco Dias was the first to report that the utility engaged banks Banco Santander SA (BME:SAN) and Intesa Sanpaolo SpA (BIT:ISP) to work out a deal. Endesa is open to selling up to a 49% stake in the portfolio, which the sources say is filled mainly with solar photovoltaic assets. The package will include both projects in development and assets in operation, with some power purchase agreements (PPAs) in it as well, Cinco Dias reports. The portfolio is worth around EUR 2 billion (USD 214bn), according to initial valuations by the banks, Cinco Dias and news agency Europa Press have learned. Endesa has declined to respond to their requests for comment. The company has 9,293 MW of installed renewable energy capacity in mainland Spain, according to its 2023 half-year earnings report. It operates as a utility in Spain and Portugal.
New Risk • Jul 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 7.1% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: €0.27 (vs €0.55 in 2Q 2022)Second quarter 2023 results: EPS: €0.27 (down from €0.55 in 2Q 2022). Revenue: €5.75b (down 20% from 2Q 2022). Net income: €285.0m (down 51% from 2Q 2022). Profit margin: 5.0% (down from 8.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 6.6% p.a. on average during the next 3 years compared to a 4.0% decline forecast for the Electric Utilities industry in Europe.
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.
Upcoming Dividend • Jun 22Upcoming dividend of €1.28 per share at 7.5% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.9%).
Board Change • Mar 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Francesca Gostinelli was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: €2.40 (vs €1.36 in FY 2021)Full year 2022 results: EPS: €2.40 (up from €1.36 in FY 2021). Revenue: €32.9b (up 60% from FY 2021). Net income: €2.54b (up 77% from FY 2021). Profit margin: 7.7% (up from 7.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 13% p.a. on average during the next 3 years compared to a 2.1% decline forecast for the Electric Utilities industry in Europe.
お知らせ • Jan 25Endesa, S.A. to Report Fiscal Year 2022 Results on Feb 24, 2023Endesa, S.A. announced that they will report fiscal year 2022 results at 9:00 AM, Central European Standard Time on Feb 24, 2023
お知らせ • Jan 24+ 1 more updateEndesa, S.A. to Report Nine Months, 2023 Results on Oct 31, 2023Endesa, S.A. announced that they will report nine months, 2023 results on Oct 31, 2023
Buying Opportunity • Nov 24Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 3.5%. The fair value is estimated to be €23.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to decline by 6.4% per annum. Earnings is forecast to grow by 2.4% per annum over the same time period.
Board Change • Oct 31High number of new directorsDirector Cristina de Halcon was the last director to join the board, commencing their role in 2022.
Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: €0.55 (vs €0.32 in 2Q 2021)Second quarter 2022 results: EPS: €0.55 (up from €0.32 in 2Q 2021). Revenue: €7.34b (up 82% from 2Q 2021). Net income: €578.0m (up 70% from 2Q 2021). Profit margin: 7.9% (down from 8.4% in 2Q 2021). Over the next year, revenue is expected to shrink by 17% compared to a 1.5% growth forecast for the industry in Germany.
Upcoming Dividend • Jun 22Upcoming dividend of €0.76 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (4.5%).
Board Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Cristina de Halcon was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 27High number of new directorsIndependent Director Maria Bieto Caubet was the last director to join the board, commencing their role in 2020.
Buying Opportunity • Apr 12Now 21% undervaluedOver the last 90 days, the stock is up 1.3%. The fair value is estimated to be €24.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has grown by 7.5%. For the next 3 years, revenue is forecast to decline by 0.08% per annum. Earnings is forecast to grow by 7.1% per annum over the same time period.
Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €1.36 (up from €1.32 in FY 2020). Revenue: €20.5b (up 23% from FY 2020). Net income: €1.44b (up 2.9% from FY 2020). Profit margin: 7.0% (down from 8.3% in FY 2020). Revenue exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to stay flat compared to a 7.5% growth forecast for the industry in Germany.
Board Change • Nov 23High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Maria Bieto Caubet 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.