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Enel Chile S.A.NYSE:ENIC 株式レポート

時価総額 US$6.5b
株価
US$4.63
US$4.6
0.7% 割高 内在価値ディスカウント
1Y16.9%
7D2.2%
ポートフォリオ価値
​
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Enel Chile S.A.

NYSE:ENIC 株式レポート

時価総額：US$6.5b

Enel Chile（ENIC）株式概要

エネル・チリ社は、その子会社とともに、チリ国内および国際的な電力の探査、開発、操業、発電、配電、送電、変電、販売に従事している。 詳細

ENIC ファンダメンタル分析
スノーフレーク・スコア
評価3/6
将来の成長0/6
過去の実績4/6
財務の健全性3/6
配当金1/6

報酬

株価収益率（ 12.2 x） US市場（ 19.3 x）を下回っています。

過去1年間で収益は206.2%増加しました

同業他社や業界と比較して、良好な取引価格

リスク分析

多額の負債を抱えている

財務結果に影響を与える大きな一時的項目


ENIC Community Fair Values

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Enel Chile S.A. 競合他社

価格と性能

株価の高値、安値、推移の概要Enel Chile
過去の株価
現在の株価CL$4.63
52週高値CL$4.74
52週安値CL$3.10
ベータ0.52
1ヶ月の変化14.04%
3ヶ月変化9.20%
1年変化16.92%
3年間の変化52.30%
5年間の変化31.91%
IPOからの変化-25.08%

最新ニュース

Seeking Alpha • Oct 17

Enel Chile: Poised To Benefit From De-Risked Regulations Amid Renewable Expansion

Summary Enel Chile benefits from a diversified generation mix where CCGT and hydro plants provide reliable cash flow while renewables expand growth potential. The company is increasing renewable capacity and deploying BESS projects to optimize energy dispatch and capture additional revenue. Stable cash flow and disciplined CapEx management support predictable FFO and a payout policy targeting 50–70% of cash flow. Regulatory updates and tariff reforms have reduced uncertainty, improving predictability of future earnings and dividend distributions. Thermal flexibility and a diversified portfolio help mitigate hydrological volatility, supporting EBITDA resilience and long-term operational stability. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Oct 17

Enel Chile: Poised To Benefit From De-Risked Regulations Amid Renewable Expansion

Summary Enel Chile benefits from a diversified generation mix where CCGT and hydro plants provide reliable cash flow while renewables expand growth potential. The company is increasing renewable capacity and deploying BESS projects to optimize energy dispatch and capture additional revenue. Stable cash flow and disciplined CapEx management support predictable FFO and a payout policy targeting 50–70% of cash flow. Regulatory updates and tariff reforms have reduced uncertainty, improving predictability of future earnings and dividend distributions. Thermal flexibility and a diversified portfolio help mitigate hydrological volatility, supporting EBITDA resilience and long-term operational stability. Read the full article on Seeking Alpha
Seeking Alpha • Mar 22

Enel Chile Is Fairly Valued, After A Record 2024 That Is Challenging To Repeat

Summary Enel Chile's 2024 results met expectations, driven by stable pricing, strong cash flows, and favorable hydrology, despite a $100 million storm-related settlement. The company reaffirmed its 2027 net income targets of $500–700 million, implying an 11–15% earnings yield on current market cap, maintaining a Buy rating. Hydrology reversion and reliance on cheaper Argentinian gas will impact future profitability, with increased capex in battery storage projects to offset hydro generation declines. An accounting change to USD functional currency affected Q4 earnings, but future FX impacts should be mitigated by continued hedging strategies. Read the full article on Seeking Alpha
Seeking Alpha • Jan 22

Enel Chile Offers An Interesting Yield For A Relatively Derisked Strategic Plan

Summary Enel Chile is the largest electricity generator in Chile and manages the distribution network of the capital Santiago. The company suffered in the post pandemic period because of uncertain regulation, accumulation of receivables, and the mix of a supply gap position in electricity with high LNG prices. Now the company is more stable, the regulations have become more friendly, and receivables are receding. The company is decreasing its sold exposure to electricity, implying a much more controlled revenue and cost environment going forward. Based on company expectations, the stock could offer an earnings yield of 12.5% to 17.5% in 2027, compared to today's price. This makes the name interesting. Read the full article on Seeking Alpha
Seeking Alpha • Oct 29

Enel Chile: The Case For Dividends Persists, But Watch Closely

Summary Enel Chile offers attractive dividends, with a current yield of 8.7%, making it a compelling choice for income-focused investors despite recent share underperformance. The company's quasi-monopoly in Chile faces political risks, including potential concession loss, which could significantly impact its financial stability and dividend reliability. Enel Chile's balance sheet shows high leverage and exposure to FX volatility, but its fixed-rate debt and strategic investments offer some stability. Despite political and financial risks, Enel Chile's de-risked valuation and strong dividend potential make it an appealing option for dividend investors. Read the full article on Seeking Alpha
Seeking Alpha • Sep 06

Enel Chile: An Interesting Foreign Opportunity For Income Investors

Summary Enel Chile S.A. is a major Chilean utility company with a focus on electricity generation and distribution, making it a potential value pick. The company has a low P/E ratio of 6.24 and trades at a price/book ratio of 0.73, indicating undervaluation compared to global peers. Despite inconsistent dividends, Enel Chile offers a high yield of 9.46%, though payouts are subject to currency exchange rates and economic conditions. Enel Chile's profitability and stable revenue make it a buy for long-term investors, but keep an eye on the Chilean peso and economy. Read the full article on Seeking Alpha
Seeking Alpha • Jun 21

Enel Chile: Receivables Sales Will Mean Capacity Increases And Less Debt

Summary ENIC should see major working capital improvements, permitting more investment and lower net debt and interest costs. There is a tariff regime change for their regulated concession, and it probably will increase compensation due to the higher cost of capital environment. Hydrology conditions are also good, which means that they have plenty of energy to supply to their market obligations. The direction appears to be good. Read the full article on Seeking Alpha
Seeking Alpha • Apr 10

Enel Chile: A Sound Investment In A Dicey Country

Summary Enel Chile is a leading South American utility with a portfolio of 8.5GW of installed capacity, including 6.5GW from renewable sources. The company has achieved remarkable financial results, with current EV/EBITDA of 6.51x and P/E of 5.68x. It offers a dividend yield of over 10%, and is currently undervalued by 70% according to my DCF analysis. Dependence on the Chilean economy, however, is a risk that cannot be ignored. Read the full article on Seeking Alpha
Seeking Alpha • Jan 30

Enel Chile Stock: I Remain Bullish

Summary Enel Chile S.A. is a $4.2 billion electricity utility company based in Chile, involved in power generation from diverse sources and the distribution of electricity in the Santiago metropolitan region. Last quarter, the company successfully added new renewable energy capacity and saw a boost in hydro production. ENIC stock has an attractive valuation, with a high dividend yield and a low EV/EBITDA multiple, making it appealing to income-seeking investors. I remain bullish on ENIC in the long term and also expect the upcoming Q4 report to be stronger than the market expects. Read the full article on Seeking Alpha
Seeking Alpha • Jan 03

While Enel Chile Continues To Advance, It's Hard To Cheer Its Value Proposition

Summary Enel Chile plans to increase its renewable energy capacity to nearly 80% by 2026. The company aims to expand its battery and energy storage capacity by 700 MW, with an estimated cost of $0.6 billion. Enel Chile is advocating for regulatory and remuneration reforms in Chile's distribution segment to support extensive electrification. Shares do not offer a bargain at today's levels. Read the full article on Seeking Alpha
Seeking Alpha • Nov 03

Enel Chile: Inexpensive Choice With Reliable Dividends

Summary Enel Chile, a subsidiary of Enel SpA, has been executing its energy transition plan, with a significant shift towards renewable energy sources, making up around 76% of its energy generation. The company's strategy focuses on sustainable growth in renewables, strengthening its balance sheet, and delivering value to shareholders through dividends, even in the face of recent macroeconomic challenges. Enel Chile's stock shows attractive valuation multiples compared to peers, and it has the potential to provide consistent and appealing dividends with a minimum payout of 50%. Read the full article on Seeking Alpha
Seeking Alpha • Oct 25

Enel Chile: An Undervalued Company With A Solid Yield

Summary Enel Chile is a Chilean electricity utility company involved in the complete energy supply chain, including generation, transmission, and distribution. The company achieved notable growth in its Generation segment, driven by increased solar and hydroelectric production. However, the Distribution & Networks segment experienced a decline in operating revenues due to changes in the company's consolidation perimeter. Despite rising sharply over the past year, ENIC stock remains undervalued amid its <2x forward EV/EBITDA and high dividend yield. Read the full article on Seeking Alpha
Seeking Alpha • Aug 22

Enel Chile: Capitalizing On Chile's National Energy Policy

Summary Chile's GDP is projected to grow at a rate of 2.6% per year and electricity demand is expected to grow 25% in the decade 2021-2030. Enel Chile, the largest electricity generation company in the country, is a solid business with a sound growth plan. Enel Chile's potential valuation could approach $6 billion, offering a 25% margin of safety and a potential dividend yield of 7% in 2024. Read the full article on Seeking Alpha
Seeking Alpha • Jul 19

Enel Chile: Renewable Energy Utility With A 9% Dividend Yield

Summary Enel Chile S.A. has seen its shares soar in 2023. There may be room for further upside; the stock has still underperformed its country ETF over the past three years. Chile is uniquely well-suited for being a leader in renewable energy production, and electrification should drive significant sector growth going forward. Enel Chile isn't my favorite company in Chile, but I'm bullish on the overall economy and expect a rising tide to lift all boats. Read the full article on Seeking Alpha
Seeking Alpha • Jun 23

A Renewable Energy Powerhouse: Why Enel Chile Is Poised To Outperform

Summary Initiating coverage on Enel Chile with a 12-month target price of $4.20/share, offering a potential upside of 26.65% and anticipated dividend yields of 12% in 2023 and 7% in 2024. The company is successfully executing its non-conventional renewable energy sources (NCRE) strategy, reducing exposure to hydrologic risk, fuel prices, and polluting energy sources. Despite reduced political risk, growth in renewables, and an improved balance sheet, Enel Chile still trades at a steep discount to its regional peers. Read the full article on Seeking Alpha
Seeking Alpha • Jun 07

Enel Chile: Droughts In The Rear-View, All About PPAs

Summary ENIC benefits from secular factors supporting power-intensive Chilean Lithium and Copper industries as well as a more green-agenda friendly government. 25% of PPAs will start expiring in 2023-2025, could lead to pricing step-ups consistent with a more inflationary environment with higher supply risks. ENIC volumes continue to grow, and plentiful reservoirs mean they can sell stockpiled gas at 2022, pre-arranged prices. Indexation in PPAs should become more of a thing of the past, since it created such problems for performance over the COVID-19 and Ukraine War period. The company looks pretty cheap on a run-rate basis, and while there are some political risks, the full socialist agenda doesn't seem to be happening in Chile. Read the full article on Seeking Alpha
Seeking Alpha • Jan 18

Enel Chile S.A. goes ex dividend tomorrow

Enel Chile S.A. (NYSE:ENIC) has declared Ch$0.0183/share semi-annual dividend for shareholders of record Jan. 20; ex-div Jan. 19. See ENIC Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Nov 12

Enel Chile Saved By Strong Hydrology Developments

Summary Hydrology conditions are essential for ENIC, which relies on hydropower, and is forced to supplement with gas when there's a shortfall. Higher gas prices crimped margin in previous quarters, but that is limited by hydrology developments and retreat in gas prices. Moreover, PPA margin is returning as negative indexation to commodity prices and the CLP reverse. Better business conditions are a support for the dividend to come back online. Published on the Value Lab 11/11/22 Enel Chile (ENIC) reports another quarter, but rather than the years of bad results that we've gotten used to, key things have reversed that are allowing for the return of stronger results that could favour the return of a more ample dividend. Hydrology is recovering, the gas price impact is being reduced, and PPA margin is returning as commodity declines occur. Overall, we are seeing a turn in the cycle for ENIC. It is possible that the price recovers now to a point before the commodity boom of 2021, however, we note the risks around the company's reliance on hydrology. A tentative buy. Q3 Review Let's blaze through some of the key Q3 evolutions. EBITDA Evo (Q3 2022 Pres) The EBITDA evolution shows in part a weak comp in late 2021, which is when higher commodity prices were decimating results, but also key improvements in business conditions for Enel Chile that restores the results. Copper Price (tradingeconomics.com) PPA Sales have seen a recovery, and what this really means is that negative indexation in the PPA agreements related to increases in the value of the Chilean Peso or the CLP and increases in the price of copper and other commodities, which also correlates heavily to the performance of the CLP, has reversed as commodity prices have come down substantially. Copper prices have fallen and so have energy prices in general, including gas. Gas is an important supplement energy source to the Chilean energy system when hydrology sees a shortfall. High gas prices in previous quarters when droughts were also occurring forced ENIC to procure gas at terrible prices. These effects are much smaller this quarter, on one hand, because gas prices have significantly retreated but also because of improvements in the hydrology conditions. Rainfall in the basins has recovered from devastating, drought-like levels to multidecade highs this year with an incredible reversion in environmental conditions. Much of the ENIC capacity is hydro, so hydrological conditions being favourable puts value into those assets, and critically eliminates the need for natural gas or other supplemental energy procurement at a time when energy prices are very elevated. These hydrological conditions have limited gas spot price negative effects for ENIC as well as adding incremental EBITDA from energy production from hydro assets. Rainfall (Q3 2022 Pres) Bottom Line ENIC is looking really strong now, and the financials are making a recovery to levels that at the current run-rate almost equate to pre-COVID levels. This also promises the return of the dividend, if these results appear sustainable with the economy equilibriating at these levels. With 2019 dividends, the current yield would exceed 10%.
Seeking Alpha • Oct 31

Enel Chile S.A. reports Q3 results

Enel Chile S.A. press release (NYSE:ENIC): Q3 Net Income of $117M Adjusted EBITDA of $242M
Seeking Alpha • Jul 26

Enel Chile Has A Decent Quarter In Store

Hydrology risks were abating as of Enel Chile's last call, and with the next one coming up soon, we think there will be another major boon. Negative margin effects were pretty forceful in Q2 last year due to PPA indexation. Copper and the Chilean Peso have both fallen a good deal, and these effects could see a strong reversal. Building will always be continuing of new generation assets too, with the regulated utility likely to keep delivering in the current macro environment. Overall, we could see a good quarter for the stock. Published on the Value Lab 24/7/22 Enel Chile (ENIC) was by far one of our worst calls last year and the year before. The company has only gone down, and that has been in large part due to being on the wrong side of history in the commodity environment. Besides the fact that there were direct indexations to commodity prices in its contractual agreements, and unlucky situation with their hydropower assets forced them to buy gas unexpectedly at the record high spot prices to keep Chileans supplied with electricity. However, now things are really turning around for them, and with the Q2 upcoming we expect to see real reversals in their fortunes. A Blockbuster Q2? In Q2 2021, we were seeing some of the worst of the purchase price agreement indexation effects kicking in and hurting margins quite meaningfully. Those agreements were moving against Enel Chile due to indexation against the value of the Chilean peso and the value of commodity prices. The commodity price that matters most for the Chilean economy and for Enel Chile was the copper price. Rising copper prices caused the Chilean peso to revalue meaningfully as its their key export, and connected to the overall rise in commodity prices Enel Chile suffered quite a lot. EBITDA Evolution (Q1 2021 Pres) However, with rising rates coming in and inflation being a key indicator of monetary authority austerity action commodity prices have fallen substantially across the board with the exception of those geopolitically elevated by the situation in Ukraine. Copper has fallen dramatically since the Q1 2022 and in Q2 we expect that these further declines are going to reflect in the PPA margins and reverse some of last year's effects. Copper Price (Tradingeconomics) Likewise, the Chilean peso has fallen a good deal (10%) with the appreciation of the dollar and the hurt experienced by commodity levered currencies. CLP Value (Google Finance) The last quarter was already seeing benefit in PPA sales both in terms of volume but also the indexation effects as these commodity reversals began. The brunt of the effect should be expected next quarter, on top of newly completed generation projects to add to the segment revenues. Conclusions We think that the EBITDA could start nearing 2020 levels. While gas prices still weigh on some of the assets ENIC runs, for the most part the recovering hydrology situation and PPA margin effects could start restoring the EBITDA to above the beleaguered 2021 levels. We think that a multiple between 6.6-5.5x EV/EBITDA are possible on those normalized EBITDA figures. This is excluding the steady growth in capacity that ENIC develops annually.
Seeking Alpha • May 18

Enel Chile Benefiting From PPA Indexation

When the commodity boom was in full force, especially with copper which also drove the CLP value, indexation in PPAs was hurting company margin. These effects have reversed as the commodity boom cools, and this could continue with rate hikes addressing inflation. Gas price increases are now the main issue for power CCGT plants, but the worst of these effects, interacting with the hydrology crisis, have abated. Results are finally turning around, and the list of analysts covering the stock has shrunk, maybe now is finally the time to take a position in this extremely beleaguered stock.
Seeking Alpha • Dec 25

Enel Chile: Dry Season Forces Gas Purchases At High Prices

An exceptionally dry season has twisted ENIC's arm in having to buy LNG at these highly elevated prices, with CCGT generation having to cover the hydropower pullback. New PPA sales offset some of the PPA margin effects we'd seen so far this year from indexation against commodity prices hurting ENIC margins. To the extent that these weather effects are probably temporary, ENIC is due, from these exceptionally weak fundamentals, for a turnaround. However, political risks in connection with the droughts remain, where water rights reform could affect ENIC's hydropower assets in the future.
Seeking Alpha • Oct 14

Enel Chile's Long Duration PPAs Subject To Risks In Tight Global Supply

Enel Chile's purchase price agreements with off-takers are reverse indexed to commodities and to the value of the Chilean peso. Supply side tightness globally plays doubly against Chile, as high commodity prices, especially copper, have a direct effect and indirect effect on PPAs through FX. However, Enel Chile's price is very low, and the markets have obviously taken into account the company's woes. The dividend is well covered, but since global supply tightness will be an ongoing issue, we'll wait till there's a light at the end of the tunnel before adding at lower levels.
Seeking Alpha • Jul 06

Enel Chile Affected By Commodity Indexation, Reversal In Fortune Likely

Enel Chile has really suffered due to indexation in regulated purposes. General commodity rally has caused a negative margin effect due to indexation in these power purchase agreements and other effects. Enel's future depends substantially on the medium-term evolution of commodity prices. The company continues to develop renewable energy assets at a healthy rate.

株主還元

ENICUS Electric UtilitiesUS 市場
7D2.2%0.6%3.2%
1Y16.9%16.9%31.0%

業界別リターン: ENIC過去 1 年間で16.9 % のリターンをもたらしたUS Electric Utilities業界と一致しました。

リターン対市場: ENICは、過去 1 年間で31 % のリターンを上げたUS市場を下回りました。

価格変動

Is ENIC's price volatile compared to industry and market?
ENIC volatility
ENIC Average Weekly Movement5.4%
Electric Utilities Industry Average Movement3.1%
Market Average Movement7.1%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

安定した株価: ENIC 、 US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: ENICの 週次ボラティリティ ( 5% ) 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
20161,780Gianluca Palumbowww.enel.cl

エネル・チリ社は、その子会社とともに、チリ国内および国際的な電力の探査、開発、運営、発電、配電、送電、変電、販売に従事している。発電、配電、ネットワークの2つのセグメントで事業を展開している。風力発電、水力発電、太陽光発電、地熱発電などの再生可能エネルギーや蓄電システムの発電・販売、燃料の輸送・販売を行っている。また、コンサルティング・サービス、金融資産投資、土木・水力工学工事も手掛けている。同社は以前はエネルシス・チリS A.として知られていたが、2016年10月にエネル・チリS.A.に社名を変更した。エネル・チリS.A.は2016年に法人化され、チリのサンティアゴを拠点としている。同社はエネル・スパの子会社として運営されている。

Enel Chile S.A. 基礎のまとめ

Enel Chile の収益と売上を時価総額と比較するとどうか。
ENIC 基礎統計学
時価総額US$6.49b
収益（TTM）US$525.44m
売上高(TTM)US$4.53b
12.2x
PER（株価収益率
1.4x
P/Sレシオ

ENIC 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
ENIC 損益計算書（TTM）
収益US$4.53b
売上原価US$2.83b
売上総利益US$1.70b
その他の費用US$1.18b
収益US$525.44m

直近の収益報告

Mar 31, 2026

次回決算日

該当なし

一株当たり利益（EPS）0.0076
グロス・マージン37.56%
純利益率11.59%
有利子負債／自己資本比率61.8%

ENIC 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

1.2%
現在の配当利回り
106%
配当性向

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2026/05/07 14:30
終値2026/05/07 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
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
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 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

Enel Chile S.A. 7 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。12

アナリスト機関
Murilo RicciniBradesco S.A. Corretora de Títulos e Valores Mobiliários
Fernan GonzalezBTG Pactual
Felipe Flores CastelletiCitigroup Inc