Elecnor
Market Cap
€922.6m
Last Updated
2020/01/19 21:11 UTC
Data Sources
Company Financials +
Executive Summary
Elecnor, S.A. engages in infrastructure and concessions businesses in Spain and internationally.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -2.1% per year for the next 3 years
Snowflake Analysis
Average dividend payer and fair value.
Similar Companies
Share Price & News
How has Elecnor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ENO has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.2%
ENO
3.2%
ES Construction
1.1%
ES Market
1 Year Return
-9.0%
ENO
20.3%
ES Construction
7.6%
ES Market
Return vs Industry: ENO underperformed the Spanish Construction industry which returned 22.2% over the past year.
Return vs Market: ENO underperformed the Spanish Market which returned 8.5% over the past year.
Shareholder returns
| ENO | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.2% | 3.2% | 1.1% |
| 30 Day | 2.8% | 4.7% | 0.3% |
| 90 Day | 9.2% | 5.7% | 3.5% |
| 1 Year | -7.0%-9.0% | 24.0%20.3% | 11.5%7.6% |
| 3 Year | 26.3%18.9% | 52.9%40.9% | 15.8%4.7% |
| 5 Year | 50.2%34.6% | 35.7%9.7% | 11.0%-7.6% |
Price Volatility Vs. Market
How volatile is Elecnor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Elecnor, S.A. (BME:ENO) A Smart Choice For Dividend Investors?2 weeks ago | Simply Wall St
Here's What Elecnor, S.A.'s (BME:ENO) P/E Ratio Is Telling Us1 month ago | Simply Wall St
Is There More To Elecnor, S.A. (BME:ENO) Than Its 7.0% Returns On Capital?Valuation
Is Elecnor undervalued compared to its fair value and its price relative to the market?
11.96x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ENO (€11.05) is trading above our estimate of fair value (€8.9)
Significantly Below Fair Value: ENO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ENO is good value based on its PE Ratio (12.1x) compared to the Construction industry average (14.1x).
PE vs Market: ENO is good value based on its PE Ratio (12.1x) compared to the Spanish market (17x).
Price to Earnings Growth Ratio
PEG Ratio: ENO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ENO is good value based on its PB Ratio (1.9x) compared to the ES Construction industry average (2.3x).
Next Steps
Future Growth
How is Elecnor forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-2.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENO's earnings are forecast to decline over the next 3 years (-2.1% per year).
Earnings vs Market: ENO's earnings are forecast to decline over the next 3 years (-2.1% per year).
High Growth Earnings: ENO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ENO's revenue (1.3% per year) is forecast to grow slower than the Spanish market (3.4% per year).
High Growth Revenue: ENO's revenue (1.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ENO's Return on Equity is forecast to be low in 3 years time (12%).
Next Steps
Past Performance
How has Elecnor performed over the past 5 years?
6.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENO has high quality earnings.
Growing Profit Margin: ENO's current net profit margins (3.4%) are higher than last year (3.2%).
Past Earnings Growth Analysis
Earnings Trend: ENO's earnings have grown by 6.7% per year over the past 5 years.
Accelerating Growth: ENO's earnings growth over the past year (5.2%) is below its 5-year average (6.7% per year).
Earnings vs Industry: ENO earnings growth over the past year (5.2%) underperformed the Construction industry 11.6%.
Return on Equity
High ROE: ENO's Return on Equity (13.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Elecnor's financial position?
Financial Position Analysis
Short Term Liabilities: ENO's short term assets (€1.5B) do not cover its short term liabilities (€1.5B).
Long Term Liabilities: ENO's short term assets (€1.5B) do not cover its long term liabilities (€1.5B).
Debt to Equity History and Analysis
Debt Level: ENO's debt to equity ratio (202.5%) is considered high.
Reducing Debt: ENO's debt to equity ratio has reduced from 306.8% to 202.5% over the past 5 years.
Debt Coverage: ENO's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: ENO's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Inventory Level: ENO has a high level of physical assets or inventory.
Debt Coverage by Assets: ENO's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Elecnor's current dividend yield, its reliability and sustainability?
2.82%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ENO's dividend (2.78%) is higher than the bottom 25% of dividend payers in the Spanish market (2.22%).
High Dividend: ENO's dividend (2.78%) is low compared to the top 25% of dividend payers in the Spanish market (5.51%).
Stability and Growth of Payments
Stable Dividend: ENO's dividend payments have been volatile in the past 10 years.
Growing Dividend: ENO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.7%), ENO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ENO's dividends in 3 years are forecast to be well covered by earnings (36.7% payout ratio).
Next Steps
Management
What is the CEO of Elecnor's salary, the management and board of directors tenure and is there insider trading?
3.8yrs
Average management tenure
CEO
Rafael Martín De Bustamante Vega 0
9yrs
Tenure
€1,587,000
Compensation
Mr. Rafael Martín De Bustamante Vega has been the Chief Executive Officer of Elecnor SA since 2011 and serves as its Director.
CEO Compensation Analysis
Compensation vs Market: Rafael's total compensation ($USD0.00) is below average for companies of similar size in the Spanish market ($USD917.13K).
Compensation vs Earnings: Rafael's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.8yrs
Average Tenure
Experienced Management: ENO's management team is considered experienced (3.8 years average tenure).
Board Age and Tenure
3.0yrs
Average Tenure
Experienced Board: ENO's board of directors are considered experienced (3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 8,500 |
| Max Price | €11.95 |
| Entity | Individual |
| Shares | 71,720 |
| Max Price | €12.40 |
| Entity | Individual |
| Shares | 6,000 |
| Max Price | €12.19 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Fernando Azaola Arteche
Director
- Compensation: €2.38m
Joaquín Gómez de Olea y Mendaro
Secretary & Director
- Compensation: €231.00k
Rafael Martín De Bustamante Vega
CEO & Director
- Tenure: 9yrs
- Compensation: €1.59m
Cristóbal González de Aguilar Alonso-Urquijo
Deputy Secretary & Director
- Compensation: €231.00k
Argimiro Ramón
Head of Facilities & Networks Department
- Tenure: 3.8yrs
José Ángel Lostao Unzu
Head of Concessions Department (Celeo)
Eduard Pinyol
Head of International Development Sub-Division
José Castellanos Ybarra
Head of Wind Power Department (Enerfín)
Pablo Díaz-Miguel
Head of Energy Department
Armando Pérez Medina
Head of Large Network & Grid Department
Board Members
Isabel Dutilh Carvajal
Independent Director
- Tenure: 4yrs
- Compensation: €231.00k
Emilio Ybarra Aznar
Independent Director
- Tenure: 4yrs
- Compensation: €231.00k
Gabriel de Oraa y Moyúa
Director
- Compensation: €231.00k
Fernando Leon Domecq
Deputy Chairman
- Tenure: 3yrs
- Compensation: €295.00k
Jaime Real de Asúa y Arteche
Non-Executive Chairman
- Tenure: 3yrs
- Compensation: €293.00k
Fernando Azaola Arteche
Director
- Compensation: €2.38m
Joaquín Gómez de Olea y Mendaro
Secretary & Director
- Compensation: €231.00k
Rafael Martín De Bustamante Vega
CEO & Director
- Tenure: 9yrs
- Compensation: €1.59m
Juan Enrique Prado Rey-Baltar
Deputy Chairman
- Tenure: 3yrs
- Compensation: €231.00k
Cristóbal González de Aguilar Alonso-Urquijo
Deputy Secretary & Director
- Compensation: €231.00k
Company Information
Elecnor, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Elecnor, S.A.
- Ticker: ENO
- Exchange: BME
- Founded: 1958
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: €922.626m
- Shares outstanding: 84.64m
- Website: https://www.elecnor.com
Number of Employees
Location
- Elecnor, S.A.
- Paseo de la Castellana, 81
- floor 20
- Madrid
- Madrid
- 28046
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ENO | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Jan 1992 |
| 0K97 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| EK5 | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| ENOE | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
Biography
Elecnor, S.A. engages in infrastructure and concessions businesses in Spain and internationally. The company distributes electricity; operates power transport lines and transformation substations; generates power from wind farms, solar plants, combined cycle plants, and hydroelectric plants; and provides gas related services covering gas pipeline transportation and distribution. It also develops infrastructure and telecommunications systems; carries out electrification, signaling, interlock, communications, and control system turnkey projects for railways, metros, trams, and trolley buses; and offers technical, commercial, and ancillary services in the field of electricity, communications, gas, water, and installations. In addition, the company is involved in civil and industrial works, and construction activities; hydrological planning activities; operating water transportation and distribution networks; providing hydraulic electromechanical facilities, and automation and control systems; the treatment and reuse of waste and sewerage; and water purification activities. Further, it operates as a full-service installation contractor for landmark buildings, cultural and recreational centers, airport and railway terminals, hotels and hospitals, industrial plants, and cogeneration and trigeneration plants; and designs, engineers, and develops solutions and systems in aerospace, information systems, and telecommunications network sectors. Additionally, the company operates as a turnkey developer and operator of wind power farms; invests in and develops solar photovoltaic and solar thermal projects; and constructs and operates wastewater treatment plants. Elecnor, S.A. was founded in 1958 and is based in Madrid, Spain. Elecnor, S.A. is a subsidiary of Cantiles XXI, S.L.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/19 21:11 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.