Loading...

Endesa

DB:ENA
Snowflake Description

Acceptable track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ENA
DB
€25B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Endesa, S.A. engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
ENA Share Price and Events
7 Day Returns
2%
DB:ENA
0.3%
Europe Electric Utilities
0.3%
DE Market
1 Year Returns
22.3%
DB:ENA
17.2%
Europe Electric Utilities
-11.7%
DE Market
ENA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Endesa (ENA) 2% 5.6% 6.1% 22.3% 38.3% -18.3%
Europe Electric Utilities 0.3% 4.5% 5.9% 17.2% 38.1% 3.7%
DE Market 0.3% -2.8% -0.8% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • ENA outperformed the Electric Utilities industry which returned 17.2% over the past year.
  • ENA outperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
ENA
Industry
5yr Volatility vs Market
Related Companies

ENA Value

 Is Endesa 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 Endesa 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 Endesa.

DB:ENA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:ENA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 8.2%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.28
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.28 (1 + (1- 25%) (28.34%))
0.558
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)
= 0.23% + (0.8 * 8.18%)
6.77%

Discounted Cash Flow Calculation for DB:ENA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Endesa 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.

DB:ENA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.77%)
2019 1,007.40 Analyst x4 943.51
2020 1,338.95 Analyst x9 1,174.49
2021 1,414.91 Analyst x7 1,162.40
2022 1,694.25 Analyst x4 1,303.61
2023 1,872.50 Analyst x2 1,349.38
2024 2,004.88 Est @ 7.07% 1,353.14
2025 2,105.47 Est @ 5.02% 1,330.90
2026 2,180.85 Est @ 3.58% 1,291.12
2027 2,237.00 Est @ 2.57% 1,240.36
2028 2,278.85 Est @ 1.87% 1,183.43
Present value of next 10 years cash flows €12,332.35
DB:ENA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €2,278.85 × (1 + 0.23%) ÷ (6.77% – 0.23%)
€34,902.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €34,902.84 ÷ (1 + 6.77%)10
€18,125.38
DB:ENA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €12,332.35 + €18,125.38
€30,457.72
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €30,457.72 / 1,058.75
€28.77
DB:ENA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €28.79
Current discount Discount to share price of €23.81
= -1 x (€23.81 - €28.79) / €28.79
17.3%

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

Current Discount
Amount off the current price Endesa is available for.
Intrinsic value
17%
Share price is €23.81 vs Future cash flow value of €28.79
Current Discount Checks
For Endesa to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Endesa's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Endesa's share price is below the future cash flow value, but not 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 Endesa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Endesa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ENA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €1.33
BME:ELE Share Price ** BME (2019-06-14) in EUR €23.79
Europe Electric Utilities Industry PE Ratio Median Figure of 69 Publicly-Listed Electric Utilities Companies 12.24x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of Endesa.

DB:ENA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:ELE Share Price ÷ EPS (both in EUR)

= 23.79 ÷ 1.33

17.89x

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

  • Endesa is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • Endesa is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Endesa's expected growth come at a high price?
Raw Data
DB:ENA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
2.2%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 33 Publicly-Listed Electric Utilities Companies 1.18x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:ENA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.89x ÷ 2.2%

8x

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

  • Endesa is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Endesa's assets?
Raw Data
DB:ENA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €9.00
BME:ELE Share Price * BME (2019-06-14) in EUR €23.79
Europe Electric Utilities Industry PB Ratio Median Figure of 75 Publicly-Listed Electric Utilities Companies 0.88x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:ENA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:ELE Share Price ÷ Book Value per Share (both in EUR)

= 23.79 ÷ 9.00

2.64x

* Primary Listing of Endesa.

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

  • Endesa is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Endesa'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. Endesa has a total score of 1/6, 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.

ENA Future Performance

 How is Endesa expected to perform in the next 1 to 3 years based on estimates from 17 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
2.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Endesa expected to grow at an attractive rate?
  • Endesa's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Endesa's earnings growth is positive but not above the Germany market average.
  • Endesa's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ENA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ENA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 2.2%
DB:ENA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 3.9%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 8.7%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
DB:ENA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ENA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 25,208 3,157 1,595 2
2022-12-31 23,156 3,225 1,616 5
2021-12-31 22,606 2,995 1,630 9
2020-12-31 21,778 2,903 1,550 13
2019-12-31 21,101 2,642 1,523 13
DB:ENA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 19,581 2,731 1,408
2018-12-31 19,603 2,420 1,417
2018-09-30 19,812 2,204 1,571
2018-06-30 19,374 2,402 1,562
2018-03-31 19,514 1,926 1,582
2017-12-31 19,611 2,438 1,463
2017-09-30 19,169 1,816 1,191
2017-06-30 19,300 2,200 1,268
2017-03-31 18,805 2,866 1,322
2016-12-31 18,321 2,995 1,411
2016-09-30 18,234 3,517 1,185
2016-06-30 18,341 2,932 1,012

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Endesa's earnings are expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
  • Endesa's revenue is expected to grow by 3.9% 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
DB:ENA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Endesa Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ENA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.51 1.82 1.19 2.00
2022-12-31 1.55 1.93 1.24 4.00
2021-12-31 1.54 1.99 1.30 10.00
2020-12-31 1.47 1.67 1.25 15.00
2019-12-31 1.44 1.49 1.40 12.00
DB:ENA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 1.33
2018-12-31 1.34
2018-09-30 1.48
2018-06-30 1.48
2018-03-31 1.49
2017-12-31 1.38
2017-09-30 1.13
2017-06-30 1.20
2017-03-31 1.25
2016-12-31 1.33
2016-09-30 1.12
2016-06-30 0.96

*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.
  • Endesa is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Endesa'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.
Endesa has a total score of 1/6, 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.

ENA Past Performance

  How has Endesa 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 Endesa'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.
  • Endesa has delivered over 20% year on year earnings growth in the past 5 years.
  • Endesa's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Endesa's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.
Earnings and Revenue History
Endesa'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 Endesa Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ENA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 19,581.00 1,408.00 1,017.00
2018-12-31 19,603.00 1,417.00 991.00
2018-09-30 19,812.00 1,571.00 996.00
2018-06-30 19,374.00 1,562.00 977.00
2018-03-31 19,514.00 1,582.00 963.00
2017-12-31 19,611.00 1,463.00 978.00
2017-09-30 19,169.00 1,191.00 991.00
2017-06-30 19,300.00 1,268.00 998.00
2017-03-31 18,805.00 1,322.00 1,026.00
2016-12-31 18,321.00 1,411.00 974.00
2016-09-30 18,234.00 1,185.00 1,047.00
2016-06-30 18,341.00 1,012.00 1,046.00
2016-03-31 18,837.00 993.00 1,029.00
2015-12-31 19,287.00 1,086.00 1,064.00
2015-09-30 20,444.00 1,278.00 997.00
2015-06-30 20,644.00 927.00 1,022.00
2015-03-31 20,545.00 527.00 1,001.00
2014-12-31 20,497.00 292.00 1,003.00
2014-09-30 19,876.00 64.00 1,100.00
2014-06-30 15,327.00 -767.00 729.00
2014-03-31 17,991.00 -164.00 948.00
2013-12-31 20,659.00 112.00 1,156.00
2013-09-30 23,560.00 640.00 1,245.00
2013-06-30 31,964.00 2,002.00 1,948.00
2013-03-31 32,374.00 1,889.00 1,928.00
2012-12-31 32,284.00 2,034.00 1,763.00
2012-09-30 32,647.00 1,896.00 1,835.00
2012-06-30 32,204.00 2,075.00 1,789.00

*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.
  • Endesa has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Endesa used its assets more efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Endesa has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Endesa'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.
Endesa 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.

ENA Health

 How is Endesa'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 Endesa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Endesa's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Endesa's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Endesa'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 0.9x 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 Endesa Company Filings, last reported 2 months ago.

DB:ENA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 9,678.00 7,139.00 1,343.00
2018-12-31 9,181.00 6,021.00 295.00
2018-09-30 9,716.00 6,846.00 1,455.00
2018-06-30 9,328.00 6,843.00 1,773.00
2018-03-31 9,619.00 6,294.00 1,010.00
2017-12-31 9,233.00 5,392.00 550.00
2017-09-30 9,459.00 6,188.00 1,266.00
2017-06-30 9,035.00 6,074.00 1,081.00
2017-03-31 9,337.00 5,902.00 761.00
2016-12-31 9,088.00 5,367.00 477.00
2016-09-30 9,903.00 5,639.00 1,008.00
2016-06-30 9,216.00 4,428.00 941.00
2016-03-31 9,380.00 4,706.00 460.00
2015-12-31 9,039.00 4,680.00 385.00
2015-09-30 9,342.00 5,336.00 951.00
2015-06-30 9,022.00 5,658.00 1,370.00
2015-03-31 9,009.00 5,953.00 1,514.00
2014-12-31 8,575.00 6,084.00 671.00
2014-09-30 27,423.00 2,418.00 1,145.00
2014-06-30 27,220.00 7,407.00 3,188.00
2014-03-31 26,556.00 7,212.00 4,292.00
2013-12-31 26,762.00 8,564.00 5,490.00
2013-09-30 28,656.00 9,519.00 8,709.00
2013-06-30 28,447.00 9,303.00 3,540.00
2013-03-31 28,899.00 9,684.00 7,629.00
2012-12-31 26,369.00 10,860.00 5,542.00
2012-09-30 26,222.00 13,021.00 7,881.00
2012-06-30 25,464.00 12,937.00 2,372.00
  • Endesa's level of debt (71.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (27.2% vs 71.9% today).
  • Debt is well covered by operating cash flow (39.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.6x coverage).
X
Financial health checks
We assess Endesa'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. Endesa has a total score of 2/6, 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.

ENA Dividends

 What is Endesa'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
6%
Current annual income from Endesa dividends. Estimated to be 5.86% next year.
If you bought €2,000 of Endesa shares you are expected to receive €120 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?
  • Endesa's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Endesa's dividend is above the markets top 25% of dividend payers in Germany (3.91%).
Upcoming dividend payment

Purchase Endesa 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
DB:ENA 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 17 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:ENA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.35 3.00
2022-12-31 1.30 6.00
2021-12-31 1.29 14.00
2020-12-31 1.46 19.00
2019-12-31 1.44 17.00
DB:ENA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-12 1.427 6.306
2018-04-24 1.382 6.969
2017-11-22 1.333 7.400
2017-02-23 1.333 6.505
2016-02-23 1.252 6.783
2015-12-22 0.800 4.631
2015-03-18 0.760 4.118
2014-10-29 0.760 4.688
2014-07-30 0.760 2.668
2014-02-26 1.500 5.537
2013-11-06 0.000 0.000
2013-07-29 0.000 0.000
2013-07-15 0.000 0.000
2013-05-07 0.000 0.000
2013-02-26 0.000 0.000
2012-03-01 1.106 7.514
2012-02-29 1.106 7.046
2011-05-10 1.017 5.715
2011-02-25 1.017 4.589
2011-02-23 1.017 4.700
2010-03-01 1.028 5.227
2010-02-26 1.028 4.834
2009-12-14 1.000 4.449
2009-07-03 5.897 28.455

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 Endesa's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Endesa's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Endesa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Endesa has a total score of 3/6, see the detailed checks below.


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

ENA Management

 What is the CEO of Endesa'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
José Bogas Gálvez
COMPENSATION €2,018,000
AGE 63
TENURE AS CEO 4.7 years
CEO Bio

Mr. José Damián Bogas Gálvez has been the Chief Executive Officer and Executive Director at Endesa SA since October 07, 2014. Mr. Bogas Gálvez served as General Manager of Spain and Portugal at Endesa SA since 1998 until 2014 and also served as its Executive Vice President of Spain & Portugal. He serves as Chairman of the Board at Elcogas, S.A. Mr. Bogas Gálvez serves as a Director of MIBGAS S.A., Enel Iberoamérica, S.R.L. and Operador del Mercado Ibérico de Energía - Polo Español, S.A.

CEO Compensation
  • José's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • José's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

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

5.4
Average Tenure
60
Average Age
  • The average tenure for the Endesa management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

José Bogas Gálvez

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
63
TENURE
4.7 yrs

Luca Passa

TITLE
CFO and GM of Administration

Mar Martinez

TITLE
Head of Investor Relations

B. de Borja Acha Besga

TITLE
GM of Legal & Corporate Affairs
AGE
53

Alberto Fernández Torres

TITLE
General Manager of Communication
AGE
63
TENURE
6.4 yrs

Javier Uriarte Monereo

TITLE
General Manager of Marketing
AGE
60

Andrea Lo Faso

TITLE
General Manager of People & Organisation
AGE
53
TENURE
5.4 yrs

Esteban Morrás Andrés

TITLE
Deputy CEO
AGE
60

Jose Maria Rovira Vilanova

TITLE
Chief Executive Officer of Fecsa Endesa

José Luis Oller Ariño

TITLE
Customer Ombudsman
COMPENSATION
€17K
Board of Directors Tenure

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

4.6
Average Tenure
65
Average Age
  • The tenure for the Endesa board of directors is about average.
Board of Directors

Juan Guilarte

TITLE
Non Executive Chairman of the Board
TENURE
0.2 yrs

José Bogas Gálvez

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
63
TENURE
4.7 yrs

Francesco Starace

TITLE
Vice Chairman
AGE
63
TENURE
5 yrs

Jorge Rosenblut Ratinoff

TITLE
Chairman of Endesa Chile

Miquel Roca I Junyent

TITLE
Lead Independent Director
COMPENSATION
€273K
AGE
78

Ignacio Garralda de Velasco Consejero

TITLE
Independent Director
COMPENSATION
€250K
AGE
67
TENURE
4.2 yrs

Alejandro Echevarría Busquet

TITLE
Independent Director
COMPENSATION
€236K
AGE
76
TENURE
10 yrs

Enrico Viale

TITLE
Director
AGE
61
TENURE
4.7 yrs

Alberto de Paoli

TITLE
Director
AGE
53
TENURE
4.6 yrs

Helena Irene Revoredo Delvecchio

TITLE
Independent Director
COMPENSATION
€222K
AGE
71
TENURE
4.6 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 (€)
21. Jan 19 Buy Francisco de Borja Prado Eulate Individual 24. Jul 18 15. Jan 19 1,306 €20.79 €26,737
X
Management checks
We assess Endesa'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. Endesa 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.

ENA News

Simply Wall St News

ENA Company Info

Description

Endesa, S.A. engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar. As of December 31, 2018, it distributed electricity to approximately 21 million populations covering a total area of 195,487 square kilometers. The company also sells energy, as well as value-added products and services to customers. In addition, it is also involved in the supply of electricity and gas to other European markets, including Germany, France, Belgium, France, and the Netherlands. Its distribution and transmission grids comprise 319.613 kilometers. Further, the company is involved in the management, operation, and administration of nuclear plants; exploitation of coal fields; electricity transmission business; issuance of debt instruments; provision of consultancy and civil engineering services; and development and management real estate properties. The company was formerly known as Empresa Nacional de Electricidad, S.A. and changed its name to Endesa, S.A. in June 1997. Endesa, S.A. was founded in 1944 and is headquartered in Madrid, Spain. Endesa, S.A. is a subsidiary of ENEL Iberia, S.L.U.

Details
Name: Endesa, S.A.
ENA
Exchange: DB
Founded: 1944
€25,187,712,863
1,058,752,117
Website: http://www.endesa.com
Address: Endesa, S.A.
Calle Ribera del Loira, 60,
Madrid,
Madrid, 28042,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME ELE Ordinary Shares Bolsas y Mercados Espanoles ES EUR 09. Feb 1987
OTCPK ELEZ.F Ordinary Shares Pink Sheets LLC US USD 09. Feb 1987
DB ENA Ordinary Shares Deutsche Boerse AG DE EUR 09. Feb 1987
LSE 0N9G Ordinary Shares London Stock Exchange GB EUR 09. Feb 1987
WBAG ELE Ordinary Shares Wiener Boerse AG AT EUR 09. Feb 1987
BATS-CHIXE ELEE Ordinary Shares BATS 'Chi-X Europe' GB EUR 09. Feb 1987
OTCPK ELEZ.Y UNSPONSORED ADR Pink Sheets LLC US USD 07. Nov 2011
Number of employees
Current staff
Staff numbers
9,824
Endesa employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 21:11
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/12
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
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.