BME:ENO

Stock Analysis Report

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Market Cap

€872.2m

Last Updated

2021/07/25 17:50 UTC

Data Sources

Company Financials

Executive Summary

Elecnor, S.A. engages in the infrastructure and concessions businesses in Spain and internationally. More Details


Snowflake Analysis

Excellent balance sheet average dividend payer.


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 is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ENO's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

0%

ENO

0.1%

ES Construction

2.2%

ES Market


1 Year Return

14.7%

ENO

8.1%

ES Construction

17.1%

ES Market

Return vs Industry: ENO exceeded the Spanish Construction industry which returned 8.1% over the past year.

Return vs Market: ENO underperformed the Spanish Market which returned 17% over the past year.


Shareholder returns

ENOIndustryMarket
7 Day0%0.1%2.2%
30 Day-5.9%-4.4%-4.0%
90 Day-1.9%-2.8%-0.5%
1 Year17.7%14.7%11.3%8.1%22.2%17.1%
3 Year-10.1%-16.9%4.4%-6.2%1.2%-8.3%
5 Year48.8%32.2%31.2%12.1%24.1%5.4%

Long-Term 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

Valuation

Is Elecnor undervalued compared to its fair value and its price relative to the market?

11.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ENO (€10.3) is trading above our estimate of fair value (€7.26)

Significantly Below Fair Value: ENO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ENO's PE Ratio (11x) is in line with the Spanish Construction industry average.

PE vs Market: ENO is good value based on its PE Ratio (11x) compared to the Spanish market (22.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ENO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ENO is good value based on its PB Ratio (1.5x) compared to the ES Construction industry average (1.7x).


Future Growth

How is Elecnor forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

42.4%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Elecnor has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Elecnor performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENO has high quality earnings.

Growing Profit Margin: ENO's current net profit margins (3.1%) are lower than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: ENO's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: ENO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ENO had negative earnings growth (-37%) over the past year, making it difficult to compare to the Construction industry average (2.3%).


Return on Equity

High ROE: ENO's Return on Equity (13.9%) is considered low.


Financial Health

How is Elecnor's financial position?


Financial Position Analysis

Short Term Liabilities: ENO's short term assets (€1.6B) exceed its short term liabilities (€1.5B).

Long Term Liabilities: ENO's short term assets (€1.6B) exceed its long term liabilities (€952.2M).


Debt to Equity History and Analysis

Debt Level: ENO's debt to equity ratio (153.3%) is considered high.

Reducing Debt: ENO's debt to equity ratio has reduced from 193.3% to 153.3% over the past 5 years.

Debt Coverage: ENO's debt is well covered by operating cash flow (21.1%).

Interest Coverage: ENO's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


Dividend

What is Elecnor current dividend yield, its reliability and sustainability?

3.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ENO's dividend (3.22%) is higher than the bottom 25% of dividend payers in the Spanish market (1.54%).

High Dividend: ENO's dividend (3.22%) is low compared to the top 25% of dividend payers in the Spanish market (4.78%).


Stability and Growth of Payments

Stable Dividend: ENO's dividends per share have been stable 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 (35.6%), ENO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Rafael Martín De Bustamante Vega (63 yo)

10.5yrs

Tenure

€1,926,000

Compensation

Mr. Rafael Martín De Bustamante Vega has been the Chief Executive Officer of Elecnor SA since 2011 and serves as its Executive Director since May 18, 2011.


CEO Compensation Analysis

Compensation vs Market: Rafael's total compensation ($USD2.27M) is above average for companies of similar size in the Spanish market ($USD518.76K).

Compensation vs Earnings: Rafael's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ENO's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: ENO's board of directors are seasoned and experienced ( 10.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: €872.194m
  • Shares outstanding: 84.68m
  • Website: https://www.elecnor.com

Number of Employees


Location

  • Elecnor, S.A.
  • Paseo de la Castellana, 81
  • planta 20
  • Madrid
  • Madrid
  • 28046
  • Spain

Listings


Biography

Elecnor, S.A. engages in the infrastructure and concessions businesses in Spain and internationally. The company distributes electricity; operates power transport lines and transformation substations; gene...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/25 17:50
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.