Elecnor
Market Cap
€797.7m
Last Updated
2020/11/24 21:59 UTC
Data Sources
Company Financials +
Executive Summary
Elecnor, S.A. engages in the infrastructure and concessions businesses in Spain and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 10.5% per year for the next 3 years
Snowflake Analysis
Established dividend payer with adequate balance sheet.
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 +/- 4% a week.
Volatility Over Time: ENO's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.6%
ENO
2.7%
ES Construction
2.2%
ES Market
1 Year Return
-9.4%
ENO
-15.2%
ES Construction
-9.7%
ES Market
Return vs Industry: ENO exceeded the Spanish Construction industry which returned -16.5% over the past year.
Return vs Market: ENO exceeded the Spanish Market which returned -11.2% over the past year.
Shareholder returns
| ENO | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | 2.7% | 2.2% |
| 30 Day | 6.3% | 15.9% | 15.6% |
| 90 Day | 4.7% | 9.5% | 13.8% |
| 1 Year | -6.5%-9.4% | -12.3%-15.2% | -7.2%-9.7% |
| 3 Year | -24.6%-29.8% | 13.3%3.1% | -6.9%-15.3% |
| 5 Year | 20.0%6.4% | 14.3%-1.8% | -2.6%-17.4% |
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
1 week ago | Simply Wall St
Elecnor's (BME:ENO) Stock Price Has Reduced 29% In The Past Three Years3 weeks ago | Simply Wall St
We're Watching These Trends At Elecnor (BME:ENO)1 month ago | Simply Wall St
Elecnor (BME:ENO) Use Of Debt Could Be Considered RiskyValuation
Is Elecnor undervalued compared to its fair value and its price relative to the market?
6.37x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ENO (€9.42) is trading above our estimate of fair value (€4.68)
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 (6.4x) compared to the ES Construction industry average (11.7x).
PE vs Market: ENO is good value based on its PE Ratio (6.4x) compared to the Spanish market (21.5x).
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 (1.4x) compared to the ES Construction industry average (1.8x).
Next Steps
Future Growth
How is Elecnor forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-10.5%
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 (-10.5% per year).
Earnings vs Market: ENO's earnings are forecast to decline over the next 3 years (-10.5% per year).
High Growth Earnings: ENO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ENO's revenue (1% per year) is forecast to grow slower than the Spanish market (6.5% per year).
High Growth Revenue: ENO's revenue (1% 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 (10.5%).
Next Steps
Past Performance
How has Elecnor performed over the past 5 years?
14.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENO has a large one-off gain of €192.0M impacting its September 30 2020 financial results.
Growing Profit Margin: ENO's current net profit margins (5.2%) are higher than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: ENO's earnings have grown by 14% per year over the past 5 years.
Accelerating Growth: ENO's earnings growth over the past year (61.1%) exceeds its 5-year average (14% per year).
Earnings vs Industry: ENO earnings growth over the past year (61.1%) exceeded the Construction industry 1.2%.
Return on Equity
High ROE: Whilst ENO's Return on Equity (21.23%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Elecnor's financial position?
Financial Position Analysis
Short Term Liabilities: ENO's short term assets (€1.4B) exceed its short term liabilities (€1.4B).
Long Term Liabilities: ENO's short term assets (€1.4B) exceed its long term liabilities (€812.4M).
Debt to Equity History and Analysis
Debt Level: ENO's debt to equity ratio (146.7%) is considered high.
Reducing Debt: ENO's debt to equity ratio has reduced from 182.1% to 146.7% over the past 5 years.
Debt Coverage: ENO's debt is well covered by operating cash flow (29%).
Interest Coverage: ENO's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Elecnor current dividend yield, its reliability and sustainability?
3.52%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ENO's dividend (3.52%) is higher than the bottom 25% of dividend payers in the Spanish market (2.28%).
High Dividend: ENO's dividend (3.52%) is low compared to the top 25% of dividend payers in the Spanish market (6.8%).
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 low payout ratio (18.6%), 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 (34.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Rafael Martín De Bustamante Vega (62 yo)
9.83yrs
Tenure
€1,781,000
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 ($USD2.12M) is about average for companies of similar size in the Spanish market ($USD1.99M).
Compensation vs Earnings: Rafael's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 9.83yrs | €1.78m | 0.021% € 163.9k | |
| Secretary & Director | 11.08yrs | €194.00k | no data | |
| Deputy Secretary & Director | 5.67yrs | €199.00k | 0.13% € 1.1m | |
| Deputy Director General Finance & Internal Audit | no data | no data | no data | |
| Corporate Development Director | no data | no data | no data | |
| Head of Facilities & Networks Department | 4.58yrs | no data | no data | |
| Head of International Development Sub-Division | no data | no data | no data | |
| Head of Wind Power Department (Enerfín) | no data | no data | no data | |
| Head of Energy Department | no data | no data | no data | |
| Head of Large Network & Grid Department | no data | no data | no data | |
| General Secretary | no data | no data | no data |
4.6yrs
Average Tenure
62yo
Average Age
Experienced Management: ENO's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 9.83yrs | €1.78m | 0.021% € 163.9k | |
| Secretary & Director | 11.08yrs | €194.00k | no data | |
| Deputy Secretary & Director | 5.67yrs | €199.00k | 0.13% € 1.1m | |
| Independent Director | 5.5yrs | €194.00k | no data | |
| Director | 31.33yrs | €161.50k | no data | |
| Director | 33.33yrs | €214.00k | no data | |
| Director | 27yrs | €161.50k | 0.15% € 1.2m | |
| Non-Executive Chairman | 3.83yrs | €481.50k | 0.010% € 81.9k | |
| Director | 22.42yrs | €199.00k | 0.34% € 2.7m | |
| Director | 15.5yrs | €247.80k | 0.082% € 655.6k | |
| Independent Director | 2.42yrs | €179.50k | 0.0071% € 56.6k | |
| Deputy Chairman | no data | €189.00k | no data |
11.1yrs
Average Tenure
65yo
Average Age
Experienced Board: ENO's board of directors are seasoned and experienced ( 11.1 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.
Recent Insider Transactions
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: €797.684m
- 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
| 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 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 21:59 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.