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Enel

WBAG:ENEL
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ENEL
WBAG
€56B
Market Cap
  1. Home
  2. AT
  3. Utilities
Company description

Enel SpA, together with its subsidiaries, operates as an integrated electricity and gas company in South America, Europe, North and Central America, Africa, and Asia. The last earnings update was 7 days ago. More info.


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ENEL Share Price and Events
7 Day Returns
-1%
WBAG:ENEL
-0%
Europe Electric Utilities
2.1%
AT Market
1 Year Returns
6.7%
WBAG:ENEL
11.8%
Europe Electric Utilities
-2.7%
AT Market
ENEL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Enel (ENEL) -1% -1.5% 6.9% 6.7% - -
Europe Electric Utilities -0% -1.2% 3% 11.8% 23% 0.6%
AT Market 2.1% 6.8% 8.8% -2.7% 42.9% 31.5%
1 Year Return vs Industry and Market
  • ENEL underperformed the Electric Utilities industry which returned 11.8% over the past year.
  • ENEL outperformed the Market in Austria which returned -2.7% over the past year.
Price Volatility
ENEL
Industry
5yr Volatility vs Market

ENEL Value

 Is Enel undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Enel to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Enel.

WBAG:ENEL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:ENEL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.242 (1 + (1- 24%) (100.86%))
0.616
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (0.8 * 9.02%)
7.73%

Discounted Cash Flow Calculation for WBAG:ENEL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Enel is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:ENEL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.73%)
2019 3,145.20 Analyst x9 2,919.63
2020 4,128.45 Analyst x10 3,557.51
2021 4,856.00 Analyst x6 3,884.34
2022 5,792.75 Analyst x4 4,301.33
2023 6,515.49 Est @ 12.48% 4,491.02
2024 7,094.51 Est @ 8.89% 4,539.41
2025 7,546.69 Est @ 6.37% 4,482.42
2026 7,894.94 Est @ 4.61% 4,352.96
2027 8,162.04 Est @ 3.38% 4,177.47
2028 8,367.82 Est @ 2.52% 3,975.64
Present value of next 10 years cash flows €40,681.72
WBAG:ENEL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €8,367.82 × (1 + 0.51%) ÷ (7.73% – 0.51%)
€116,553.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €116,553.47 ÷ (1 + 7.73%)10
€55,375.78
WBAG:ENEL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €40,681.72 + €55,375.78
€96,057.50
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €96,057.50 / 10,166.68
€9.45
WBAG:ENEL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:ENEL represents 1.0009x of BIT:ENEL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.0009x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 9.45 x 1.0009
€9.46
Value per share (EUR) From above. €9.46
Current discount Discount to share price of €5.53
= -1 x (€5.53 - €9.46) / €9.46
41.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Enel is available for.
Intrinsic value
42%
Share price is €5.53 vs Future cash flow value of €9.46
Current Discount Checks
For Enel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Enel's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Enel's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Enel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Enel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:ENEL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.47
BIT:ENEL Share Price ** BIT (2019-04-18) in EUR €5.53
Europe Electric Utilities Industry PE Ratio Median Figure of 65 Publicly-Listed Electric Utilities Companies 11.97x
Austria Market PE Ratio Median Figure of 52 Publicly-Listed Companies 14.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Enel.

WBAG:ENEL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:ENEL Share Price ÷ EPS (both in EUR)

= 5.53 ÷ 0.47

11.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enel is good value based on earnings compared to the Europe Electric Utilities industry average.
  • Enel is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does Enel's expected growth come at a high price?
Raw Data
WBAG:ENEL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
3.6%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 31 Publicly-Listed Electric Utilities Companies 0.71x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

WBAG:ENEL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.73x ÷ 3.6%

3.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enel is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Enel's assets?
Raw Data
WBAG:ENEL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €3.12
BIT:ENEL Share Price * BIT (2019-04-18) in EUR €5.53
Europe Electric Utilities Industry PB Ratio Median Figure of 74 Publicly-Listed Electric Utilities Companies 0.95x
Austria Market PB Ratio Median Figure of 60 Publicly-Listed Companies 1.24x
WBAG:ENEL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:ENEL Share Price ÷ Book Value per Share (both in EUR)

= 5.53 ÷ 3.12

1.77x

* Primary Listing of Enel.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Enel is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Enel's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Enel has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ENEL Future Performance

 How is Enel expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Enel expected to grow at an attractive rate?
  • Enel's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Enel's earnings growth is positive but not above the Austria market average.
  • Enel's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:ENEL Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:ENEL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 3.6%
WBAG:ENEL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 2.7%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 10%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:ENEL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:ENEL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 80,872 13,720 5,298 4
2021-12-31 82,162 13,634 5,405 10
2020-12-31 80,133 12,997 5,197 15
2019-12-31 79,224 12,439 4,786 14
WBAG:ENEL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 73,839 11,075 4,789
2018-09-30 74,129 10,084 4,174
2018-06-30 72,783 10,450 3,952
2018-03-31 72,651 10,283 3,965
2017-12-31 72,756 10,125 3,779
2017-09-30 71,889 10,242 2,434
2017-06-30 72,069 9,687 2,583
2017-03-31 70,654 10,020 2,614
2016-12-31 69,160 9,847 2,570
2016-09-30 69,471 11,161 2,864
2016-06-30 70,719 10,723 2,197
2016-03-31 71,912 10,663 2,325

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Enel's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • Enel's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:ENEL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Enel Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:ENEL Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.50 0.55 0.43 3.00
2021-12-31 0.52 0.57 0.43 12.00
2020-12-31 0.51 0.54 0.45 16.00
2019-12-31 0.47 0.48 0.44 18.00
WBAG:ENEL Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.47
2018-09-30 0.41
2018-06-30 0.39
2018-03-31 0.38
2017-12-31 0.37
2017-09-30 0.24
2017-06-30 0.25
2017-03-31 0.27
2016-12-31 0.26
2016-09-30 0.30
2016-06-30 0.23
2016-03-31 0.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Enel is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Enel's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Enel has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ENEL Past Performance

  How has Enel performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Enel's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Enel's year on year earnings growth rate has been positive over the past 5 years.
  • Enel's 1-year earnings growth exceeds its 5-year average (26.7% vs 16.1%)
  • Enel's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (26.7% vs -2.7%).
Earnings and Revenue History
Enel's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Enel Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:ENEL Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 73,839.00 4,789.00 6,225.00
2018-09-30 74,129.00 4,174.00 5,279.00
2018-06-30 72,783.00 3,952.00 5,065.00
2018-03-31 72,651.00 3,965.00 5,049.00
2017-12-31 72,756.00 3,779.00 5,025.00
2017-09-30 71,889.00 2,434.00 5,424.00
2017-06-30 72,069.00 2,583.00 5,001.00
2017-03-31 70,654.00 2,614.00 5,253.00
2016-12-31 69,160.00 2,570.00 5,029.00
2016-09-30 69,471.00 2,864.00 4,350.00
2016-06-30 70,719.00 2,197.00 4,588.00
2016-03-31 71,912.00 2,325.00 4,290.00
2015-12-31 74,010.00 2,196.00 4,390.00
2015-09-30 76,100.00 659.00 5,620.00
2015-06-30 75,524.00 685.00 5,381.00
2015-03-31 75,965.00 459.00 5,354.00
2014-12-31 74,177.00 517.00 5,299.00
2014-09-30 72,619.00 2,847.00 5,255.00
2014-06-30 72,443.00 3,220.00 -1,960.00
2014-03-31 74,117.00 3,251.00 5,265.00
2013-12-31 76,380.00 3,235.00 5,301.00
2013-09-30 79,201.00 -211.00 5,954.00
2013-06-30 81,859.00 83.00 6,427.00
2013-03-31 82,516.00 -64.00 6,569.00
2012-12-31 83,264.00 238.00 6,639.00
2012-09-30 83,008.00 3,405.00 6,280.00
2012-06-30 80,906.00 3,396.00 12,314.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Enel has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Enel used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Enel's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Enel's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Enel has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ENEL Health

 How is Enel's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Enel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Enel's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Enel's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Enel's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Enel Company Filings, last reported 3 months ago.

WBAG:ENEL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 47,852.00 56,655.00 10,874.00
2018-09-30 48,101.00 61,011.00 22,243.00
2018-06-30 46,843.00 56,168.00 11,272.00
2018-03-31 48,832.00 52,165.00 14,296.00
2017-12-31 52,161.00 51,964.00 9,818.00
2017-09-30 52,613.00 50,773.00 12,211.00
2017-06-30 51,768.00 54,091.00 11,120.00
2017-03-31 53,900.00 50,455.00 11,099.00
2016-12-31 52,575.00 52,170.00 12,394.00
2016-09-30 53,427.00 48,905.00 12,545.00
2016-06-30 52,651.00 49,867.00 8,255.00
2016-03-31 52,192.00 48,147.00 13,702.00
2015-12-31 51,751.00 53,302.00 15,551.00
2015-09-30 51,275.00 52,568.00 17,314.00
2015-06-30 53,380.00 54,880.00 14,977.00
2015-03-31 53,498.00 55,642.00 20,341.00
2014-12-31 51,145.00 57,684.00 18,605.00
2014-09-30 52,843.00 61,059.00 17,343.00
2014-06-30 52,874.00 59,456.00 11,181.00
2014-03-31 52,746.00 59,008.00 16,482.00
2013-12-31 52,832.00 59,575.00 11,109.00
2013-09-30 53,017.00 64,543.00 19,124.00
2013-06-30 52,722.00 62,961.00 8,292.00
2013-03-31 55,429.00 63,889.00 19,099.00
2012-12-31 52,087.00 64,798.00 11,686.00
2012-09-30 55,853.00 65,826.00 17,819.00
2012-06-30 54,631.00 67,427.00 11,890.00
  • Enel's level of debt (118.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (112.8% vs 118.4% today).
  • Debt is not well covered by operating cash flow (19.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Enel's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Enel has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ENEL Dividends

 What is Enel's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.07%
Current annual income from Enel dividends. Estimated to be 6.32% next year.
If you bought €2,000 of Enel shares you are expected to receive €101 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Enel's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.47%).
  • Enel's dividend is above the markets top 25% of dividend payers in Austria (4.59%).
Upcoming dividend payment

Purchase Enel before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:ENEL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 4.6%
Austria Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 3.3%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.5%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:ENEL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.38 5.00
2021-12-31 0.37 16.00
2020-12-31 0.35 20.00
2019-12-31 0.32 22.00
WBAG:ENEL Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-21 0.280 4.966
2018-11-13 0.280 5.498
2018-11-06 0.280 6.270
2018-08-07 0.280 6.312
2018-07-31 0.280 6.114
2018-05-28 0.264 5.532
2017-11-14 0.210 4.127
2017-11-09 0.210 3.974
2017-08-04 0.210 4.091
2017-07-27 0.210 4.296
2017-05-05 0.180 3.761
2016-11-15 0.180 4.399
2016-11-10 0.180 4.951
2016-08-08 0.180 4.585
2016-07-28 0.180 4.432
2016-05-27 0.160 4.034
2015-03-18 0.140 3.481
2014-03-12 0.130 3.256
2014-03-11 0.130 3.382
2013-04-17 0.150 5.089
2013-03-13 0.150 5.744
2012-08-02 0.260 9.060
2012-04-10 0.260 10.921
2012-03-08 0.260 9.363
2011-09-28 0.280 8.845
2011-05-02 0.280 7.156
2010-04-30 0.250 6.346
2009-10-01 0.390 9.533
2009-04-29 0.490 12.626
2009-04-23 0.490 12.406

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Enel's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Enel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Enel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Enel has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ENEL Management

 What is the CEO of Enel's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Francesco Starace
COMPENSATION €2,725,764
AGE 63
TENURE AS CEO 4.9 years
CEO Bio

Mr. Francesco Starace has been the Chief Executive Officer and General Manager of Enel SpA since May 27, 2014. Mr. Starace served as the Chief Executive Officer and General Manager of Enel Green Power S.p.A. from October 2008 to May 2014. He served as the Head of Market Division at Enel SpA since November 2005 and also served as its Head of Domestic Sales. He started his career as Analyst for the security of the electronuclear plants at Nira Ansaldo from 1981 to 1982 and he performed from 1982 to 1987 several executive management positions in Italy, the United States, Saudi Arabia, Egypt and the Arab Emirates, in the Sae Sadelmi, which was part of the General Electric group. He held a number of management positions in Italy, the US, Saudi Arabia, Egypt and the UAE in the contracting and engineering department of General Electric Company from 1982 to 1987 and subsequently of ABB Alstom Powers Corporation from 1987 to 2000, where he was appointed Head of global sales of the gas turbines division, including the office of Chief of the “business power” area from July 2002 to October 2005 and the Chief of Market Division from November 2005 to September 2008. Mr. Starace joined Enel in 2000 as the Head of Energy Management of Enel Produzione. He served as the Chief Executive Officer of ABB Combustion Engineering Italia from 1997 to 1998 and Senior Vice President for the global and turnkey systems sales for the gas turbine division from 1998 to 2000. He serves as the Chairman of Enel Iberoamérica, S.R.L. He served as the Chairman of Enel Green Power S.p.A. He served as Vice Chairman of Enel Chile S.A. (alternate name, Enersis Chile S.A.) from February 29, 2016 to April 28, 2016. He served as a Vice Chairman of Enel Américas S.A. (formerly, Enersis Américas S.A. and Enersis S.A.) until April 2016 and served as its Director from April 28, 2015 to April 2016. Mr. Starace has been Vice Chairman and Director at Endesa, S.A. since June 16, 2014. He has been a Director of Enel SpA since May 27, 2014 and United Nations Global Compact since June 1, 2015. He has served as a member of the Advisory Board of the Sustainable Energy 4 All initiative of the United Nations since June 2014. He served as Director of Enel Green Power S.p.A. Mr. Starace graduated in Nuclear Engineering at the Milan Polytechnic Institute.

CEO Compensation
  • Francesco's compensation has increased by more than 20% in the past year.
  • Insufficient data for Francesco to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Enel management team in years:

4.8
Average Tenure
59
Average Age
  • The tenure for the Enel management team is about average.
Management Team

Francesco Starace

TITLE
CEO, GM & Director
COMPENSATION
€3M
AGE
63
TENURE
4.9 yrs

Alberto de Paoli

TITLE
Chief Financial Officer
AGE
53
TENURE
4.4 yrs

Carlo Bozzoli

TITLE
Head of Global Information & Communications Technology
AGE
56
TENURE
4.8 yrs

Monica Girardi

TITLE
Head of Group Investor Relations

Giulio Fazio

TITLE
Head of Legal & Corporate Affairs
TENURE
3.3 yrs

Roberto Antonio Deambrogio

TITLE
Head of Communications of the Group
AGE
43
TENURE
0.5 yrs

Francesca Di Carlo

TITLE
Head of Human Resources & Organization
TENURE
4.8 yrs

Carlo Tamburi

TITLE
Head of Country Italy
COMPENSATION
€38K
AGE
59
TENURE
14.3 yrs

Livio Gallo

TITLE
Head of Global Infrastructure & Networks
AGE
68
TENURE
14.3 yrs

Claudio Machetti

TITLE
Head of Global Trading
AGE
60
TENURE
13.8 yrs
Board of Directors Tenure

Average tenure and age of the Enel board of directors in years:

4.9
Average Tenure
65
Average Age
  • The tenure for the Enel board of directors is about average.
Board of Directors

Maria Grieco

TITLE
Chairman of the Board
COMPENSATION
€247K
AGE
66
TENURE
4.9 yrs

Francesco Starace

TITLE
CEO, GM & Director
COMPENSATION
€3M
AGE
63
TENURE
4.9 yrs

Livio Gallo

TITLE
Head of Global Infrastructure & Networks
AGE
68

Sergio Duca

TITLE
Chairman of the Board of Statutory Auditors
COMPENSATION
€85K
AGE
71
TENURE
9 yrs

Angelo Taraborrelli

TITLE
Independent Director
COMPENSATION
€146K
AGE
70
TENURE
7.9 yrs

Anna Svelto

TITLE
Independent Director
COMPENSATION
€142K
AGE
50
TENURE
4.9 yrs

Alberto Bianchi

TITLE
Independent Director
COMPENSATION
€137K
AGE
64
TENURE
4.9 yrs

Paola Girdinio

TITLE
Independent Director
COMPENSATION
€142K
AGE
62
TENURE
4.9 yrs

Alberto Pera

TITLE
Independent Director
COMPENSATION
€142K
AGE
69
TENURE
4.9 yrs

Alfredo Antoniozzi

TITLE
Independent Director
COMPENSATION
€75K
AGE
62
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Enel's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Enel has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ENEL News

Simply Wall St News

ENEL Company Info

Description

Enel SpA, together with its subsidiaries, operates as an integrated electricity and gas company in South America, Europe, North and Central America, Africa, and Asia. The company generates, transmits, distributes, transports, purchases, and sells electricity; generates heat; and produces distributes, transports, and sells natural gas. It also engages in the transportation, storage, and regasification of liquefied natural gas (LNG); energy and infrastructure engineering; the design, development, construction, and operation of generation plants and grids; security and real estate activities; the management and maintenance of power plants; research and development in science and engineering; fuel supply; research and testing, inspection, certification, and engineering and consulting activities; and business consulting, administrative, management consulting, and corporate planning operations. In addition, the company is involved in the construction of electric facilities and port infrastructure; product, plant, and equipment certification; legal, trading, and mining activities; the marketing of energy products; training activities; personnel administration activities, as well as offers information technology and business services; and metering, remote control, and connectivity services through power line communication. Further, it designs, constructs, and operates merchant lines; operates optical fiber network; offers public lighting systems, fuel trading and logistics, factoring, electrical engineering, and water systems, and photovoltaic systems; and provides finance, environmental studies, and electronic plant installation and repairing services. It operates various hydroelectric, wind, renewable, geothermal, solar, thermoelectric, nuclear, and other renewable sources, and co-generation power plants with an installed capacity of approximately 85 gigawatts. The company was founded in 1962 and is headquartered in Rome, Italy.

Details
Name: Enel SpA
ENEL
Exchange: WBAG
Founded: 1962
€56,170,906,701
10,166,679,946
Website: http://www.enel.com
Address: Enel SpA
Viale Regina Margherita, 137,
Rome,
Rome, 00198,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT ENEL Ordinary Shares Borsa Italiana IT EUR 02. Nov 1999
OTCPK ESOC.F Ordinary Shares Pink Sheets LLC US USD 02. Nov 1999
DB ENL Ordinary Shares Deutsche Boerse AG DE EUR 02. Nov 1999
XTRA ENL Ordinary Shares XETRA Trading Platform DE EUR 02. Nov 1999
LSE 0NRE Ordinary Shares London Stock Exchange GB EUR 02. Nov 1999
SWX ENEL Ordinary Shares SIX Swiss Exchange CH CHF 02. Nov 1999
WBAG ENEL Ordinary Shares Wiener Boerse AG AT EUR 02. Nov 1999
BMV ENEL N Ordinary Shares Bolsa Mexicana de Valores MX MXN 02. Nov 1999
OTCPK ENLA.Y UN SPON ADR EA REPR 1 ORD SHS Pink Sheets LLC US USD 14. Apr 2008
DB ENLA UN SPON ADR EA REPR 1 ORD SHS Deutsche Boerse AG DE EUR 14. Apr 2008
LSE 0TGA UN SPON ADR EA REPR 1 ORD SHS London Stock Exchange GB USD 14. Apr 2008
Number of employees
Current staff
Staff numbers
69,272
Enel employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 22:19
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.