Elecnor
- Home ›
- ES ›
- Capital Goods
Elecnor, S.A. engages in infrastructure and concessions businesses in Spain and internationally. The last earnings update was 54 days ago. More info.
Add to Portfolio Compare Print
ENO Share Price and Events
7 Day Returns
1 Year Returns
ENO Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Elecnor (ENO) | 0.9% | -0.2% | -2.5% | -9.2% | 50.9% | 13.9% |
| ES Construction | 0.5% | 2% | 6.3% | 11.4% | 16.6% | -15.6% |
| ES Market | 0.4% | 3% | 4.5% | -2.4% | 5.4% | -11.2% |
1 Year Return vs Industry and Market
- ENO underperformed the Construction industry which returned 11.4% over the past year.
- ENO underperformed the Market in Spain which returned -2.4% over the past year.
Price Volatility
Related Companies
Value
Is Elecnor 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
Elecnor
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Elecnor.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 17.2% |
| Perpetual Growth Rate | 10-Year ES Government Bond Rate | 1.5% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year ES Govt Bond Rate | 1.5% |
| Equity Risk Premium | S&P Global | 8.2% |
| Construction Unlevered Beta | Simply Wall St/ S&P Global | 1.04 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.043 (1 + (1- 25%) (169.66%)) |
1.918 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.92 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (1.918 * 8.18%) |
17.22% |
Discounted Cash Flow Calculation for BME:ENO using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Elecnor 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.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 17.22%) |
|
|---|---|---|---|
| 2019 | 73.94 | Est @ -8.3% | 63.08 |
| 2020 | 69.99 | Est @ -5.35% | 50.94 |
| 2021 | 67.68 | Est @ -3.29% | 42.03 |
| 2022 | 66.44 | Est @ -1.84% | 35.19 |
| 2023 | 65.88 | Est @ -0.83% | 29.77 |
| 2024 | 65.80 | Est @ -0.13% | 25.37 |
| 2025 | 66.04 | Est @ 0.37% | 21.72 |
| 2026 | 66.52 | Est @ 0.72% | 18.66 |
| 2027 | 67.16 | Est @ 0.96% | 16.08 |
| 2028 | 67.92 | Est @ 1.13% | 13.87 |
| Present value of next 10 years cash flows | €316.70 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €67.92 × (1 + 1.53%) ÷ (17.22% – 1.53%) |
€439.42 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €439.42 ÷ (1 + 17.22%)10 |
€89.73 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €316.70 + €89.73 |
€406.43 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €406.43 / 84.66 |
€4.8 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €4.80 |
| Current discount | Discount to share price of
€11.80
= -1 x (€11.80 - €4.80) / €4.80 |
-145.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Elecnor is above its future cash flow value.
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 Elecnor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Elecnor's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €0.88 |
| BME:ENO Share Price ** | BME (2019-04-24) in EUR | €11.8 |
| Spain Construction Industry PE Ratio | Median Figure of 7 Publicly-Listed Construction Companies | 17.27x |
| Spain Market PE Ratio | Median Figure of 132 Publicly-Listed Companies | 17.95x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Elecnor.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BME:ENO Share Price ÷ EPS (both in EUR) = 11.8 ÷ 0.88 |
13.45x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Elecnor is good value based on earnings compared to the ES Construction industry average.
- Elecnor is good value based on earnings compared to the Spain market.
Price based on expected Growth
Does
Elecnor's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 13.45x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
13.8%per year |
| Europe Construction Industry PEG Ratio | Median Figure of 46 Publicly-Listed Construction Companies | 1.2x |
| Spain Market PEG Ratio | Median Figure of 75 Publicly-Listed Companies | 1.31x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Elecnor, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Elecnor's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €6.00 |
| BME:ENO Share Price * | BME (2019-04-24) in EUR | €11.8 |
| Spain Construction Industry PB Ratio | Median Figure of 10 Publicly-Listed Construction Companies | 2.68x |
| Spain Market PB Ratio | Median Figure of 180 Publicly-Listed Companies | 1.82x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BME:ENO Share Price ÷ Book Value per Share (both in EUR) = 11.8 ÷ 6.00 |
1.97x |
* Primary Listing of Elecnor.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Elecnor is good value based on assets compared to the ES Construction industry average.
Value checks
We assess Elecnor's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check) Elecnor has a total score of 3/6, 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.
Future Performance
How is Elecnor expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
- No analysts cover Elecnor, future earnings growth has been estimated based on fundamentals.
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!
Earnings growth vs Low Risk Savings
- Elecnor's earnings growth is expected to exceed the low risk savings rate of 1.5%.
Growth vs Market Checks
- Elecnor's earnings growth is expected to exceed the Spain market average.
- Unable to compare Elecnor's revenue growth to the Spain market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| BME:ENO Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 13.8% |
| Spain Construction Industry Earnings Growth Rate | Market Cap Weighted Average | 9.7% |
| Spain Construction Industry Revenue Growth Rate | Market Cap Weighted Average | 11.3% |
| Spain Market Earnings Growth Rate | Market Cap Weighted Average | 9.8% |
| Spain Market Revenue Growth Rate | Market Cap Weighted Average | 5.4% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 2,273 | 189 | 74 |
| 2018-09-30 | 2,318 | 73 | |
| 2018-06-30 | 2,314 | 174 | 73 |
| 2018-03-31 | 2,326 | 72 | |
| 2017-12-31 | 2,317 | 43 | 71 |
| 2017-09-30 | 2,275 | 70 | |
| 2017-06-30 | 2,174 | 81 | 70 |
| 2017-03-31 | 2,094 | 69 | |
| 2016-12-31 | 2,035 | 198 | 68 |
| 2016-09-30 | 1,939 | 68 | |
| 2016-06-30 | 1,923 | 216 | 67 |
| 2016-03-31 | 1,907 | 66 |
*GAAP earnings excluding extraordinary items.
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 0 Analyst Estimates (S&P Global) | See Below |
All data from Elecnor Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.88 |
| 2018-09-30 | |
| 2018-06-30 | 0.86 |
| 2018-03-31 | |
| 2017-12-31 | 0.84 |
| 2017-09-30 | |
| 2017-06-30 | 0.83 |
| 2017-03-31 | |
| 2016-12-31 | 0.81 |
| 2016-09-30 | |
| 2016-06-30 | 0.79 |
| 2016-03-31 |
*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.
- Unable to establish if Elecnor will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Elecnor's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Spain market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Spain market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Elecnor 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.
Past Performance
How has Elecnor 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
Past Earnings growth analysis
- Elecnor's year on year earnings growth rate has been positive over the past 5 years.
- Elecnor's 1-year earnings growth is less than its 5-year average (4.3% vs 9.3%)
- Elecnor's earnings growth has not exceeded the ES Construction industry average in the past year (4.3% vs 15.1%).
Earnings and Revenue History
All data from Elecnor Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 2,273.06 | 74.26 | 678.60 | |
| 2018-09-30 | 2,317.95 | 73.35 | 679.28 | |
| 2018-06-30 | 2,314.40 | 72.59 | 693.17 | |
| 2018-03-31 | 2,326.24 | 72.01 | 679.28 | |
| 2017-12-31 | 2,316.79 | 71.23 | 679.28 | |
| 2017-09-30 | 2,275.37 | 70.50 | 599.90 | |
| 2017-06-30 | 2,174.49 | 69.92 | 630.57 | |
| 2017-03-31 | 2,094.01 | 69.24 | 599.90 | |
| 2016-12-31 | 2,035.14 | 68.47 | 606.32 | |
| 2016-09-30 | 1,939.12 | 67.71 | 560.12 | |
| 2016-06-30 | 1,922.58 | 67.01 | 575.86 | |
| 2016-03-31 | 1,906.59 | 66.47 | 560.12 | |
| 2015-12-31 | 1,881.14 | 65.66 | 560.12 | |
| 2015-09-30 | 1,880.51 | 64.85 | 549.95 | |
| 2015-06-30 | 1,849.14 | 60.65 | 555.53 | |
| 2015-03-31 | 1,746.07 | 59.45 | 549.95 | |
| 2014-12-31 | 1,723.73 | 58.54 | 549.95 | |
| 2014-09-30 | 1,644.97 | 39.98 | 496.38 | |
| 2014-06-30 | 1,640.68 | 33.97 | 520.53 | |
| 2014-03-31 | 1,852.98 | 50.46 | 496.38 | |
| 2013-12-31 | 1,864.17 | 53.29 | 496.38 | |
| 2013-09-30 | 1,951.91 | 60.21 | 484.35 | |
| 2013-06-30 | 1,998.27 | 83.35 | 492.38 | |
| 2013-03-31 | 1,899.72 | 85.40 | 484.35 | |
| 2012-12-31 | 1,930.71 | 87.59 | 484.35 | |
| 2012-09-30 | 1,922.24 | 111.31 | 384.06 | |
| 2012-06-30 | 1,977.75 | 116.59 | 453.12 |
*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.
- Elecnor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Elecnor used its assets more efficiently than the ES Construction industry average last year based on Return on Assets.
- Elecnor's use of capital has not improved over the past 3 years (Return on Capital Employed).
Past performance checks
We assess Elecnor's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Elecnor has a total score of 2/6, 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.
Health
How is Elecnor'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 Elecnor's finances.
The net worth of a company is the difference between its assets and liabilities.
- Elecnor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Elecnor's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- 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.
All data from Elecnor Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 840.71 | 1,695.00 | 428.64 |
| 2018-09-30 | 774.45 | 1,604.31 | 375.51 |
| 2018-06-30 | 774.45 | 1,604.31 | 375.51 |
| 2018-03-31 | 904.06 | 1,663.13 | 398.16 |
| 2017-12-31 | 904.06 | 1,663.13 | 398.16 |
| 2017-09-30 | 928.59 | 1,718.59 | 543.63 |
| 2017-06-30 | 928.59 | 1,718.59 | 543.63 |
| 2017-03-31 | 980.04 | 1,473.42 | 317.37 |
| 2016-12-31 | 980.04 | 1,473.42 | 317.37 |
| 2016-09-30 | 831.25 | 1,538.91 | 334.06 |
| 2016-06-30 | 831.25 | 1,538.91 | 334.06 |
| 2016-03-31 | 740.37 | 1,439.18 | 337.26 |
| 2015-12-31 | 740.37 | 1,439.20 | 337.26 |
| 2015-09-30 | 827.42 | 1,512.40 | 291.54 |
| 2015-06-30 | 827.42 | 1,512.40 | 291.54 |
| 2015-03-31 | 809.74 | 1,517.42 | 266.43 |
| 2014-12-31 | 809.74 | 1,514.59 | 266.43 |
| 2014-09-30 | 568.95 | 1,763.93 | 233.34 |
| 2014-06-30 | 568.95 | 1,763.93 | 233.34 |
| 2014-03-31 | 532.49 | 1,412.47 | 248.67 |
| 2013-12-31 | 532.49 | 1,412.47 | 248.67 |
| 2013-09-30 | 586.24 | 1,565.15 | 384.74 |
| 2013-06-30 | 586.24 | 1,565.15 | 384.74 |
| 2013-03-31 | 603.37 | 1,456.69 | 532.32 |
| 2012-12-31 | 558.20 | 1,456.69 | 532.32 |
| 2012-09-30 | 601.87 | 1,325.09 | 407.74 |
| 2012-06-30 | 601.87 | 1,325.09 | 407.74 |
- Elecnor's level of debt (201.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (265.3% vs 201.6% today).
- Debt is not well covered by operating cash flow (11.1%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Elecnor's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Elecnor has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Elecnor'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
If you bought
€2,000 of
Elecnor
shares you are expected to receive
€49
in your first year as a dividend.
Dividend Amount
- Elecnor's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (1.86%).
- Elecnor's dividend is below the markets top 25% of dividend payers in Spain (5.02%).
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.
| 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 0 Analyst Estimates (S&P Global) | See Below |
| Europe Construction Industry Average Dividend Yield | Market Cap Weighted Average of 72 Stocks | 3.7% |
| Spain Market Average Dividend Yield | Market Cap Weighted Average of 76 Stocks | 4.3% |
| Spain Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Spain Bottom 25% Dividend Yield | 25th Percentile | 1.9% |
| Spain Top 25% Dividend Yield | 75th Percentile | 5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-07-27 | 0.287 | 2.431 |
| 2018-02-28 | 0.287 | 2.205 |
| 2017-07-28 | 0.276 | 2.206 |
| 2017-03-01 | 0.276 | 2.578 |
| 2016-08-01 | 0.263 | 3.029 |
| 2016-05-18 | 0.263 | 3.511 |
| 2015-07-28 | 0.250 | 3.208 |
| 2015-03-23 | 0.250 | 2.649 |
| 2014-11-04 | 0.230 | 2.672 |
| 2014-02-21 | 0.234 | 2.265 |
| 2013-07-31 | 0.260 | 2.426 |
| 2013-02-21 | 0.260 | 2.841 |
| 2012-07-26 | 0.260 | 2.831 |
| 2012-06-06 | 0.260 | 2.845 |
| 2012-01-02 | 0.245 | 2.595 |
| 2011-07-28 | 0.244 | 2.555 |
| 2011-02-23 | 0.244 | 2.231 |
| 2010-05-19 | 0.231 | 2.335 |
| 2010-01-04 | 0.230 | 2.083 |
| 2009-12-04 | 0.086 | 0.745 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Elecnor has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Elecnor only paid a dividend in the past 9 years.
Income/ dividend checks
We assess Elecnor's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Elecnor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Elecnor has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €1,587,000 |
| TENURE AS CEO | 8.3 years |
CEO Bio
Mr. Rafael Martín De Bustamante Vega has been the Chief Executive Officer of Elecnor SA since 2011 and serves as its Director.
CEO Compensation
- Rafael's compensation has been consistent with company performance over the past year.
- Rafael's remuneration is higher than average for companies of similar size in Spain.
Management Team Tenure
Average tenure of the Elecnor management team in years:
- The tenure for the Elecnor management team is about average.
Management Team
Rafael Martín De Bustamante Vega
CEO & Director
€2M
8.3 yrs
Fernando Azaola Arteche
Director
€2M
Joaquín Gómez de Olea y Mendaro
Secretary & Director
€231K
Cristóbal de Aguilar Alonso-Urquijo
Deputy Secretary & Director
€231K
2.2 yrs
Argimiro Ramón
Head of Facilities & Networks Department
3 yrs
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 of Directors Tenure
Average tenure of the Elecnor board of directors in years:
- The average tenure for the Elecnor board of directors is less than 3 years, this suggests a new board.
Board of Directors
Jaime de Asúa y Arteche
Non-Executive Chairman
€293K
2.3 yrs
Rafael Martín De Bustamante Vega
CEO & Director
€2M
Fernando Leon Domecq
Deputy Chairman
€295K
2.3 yrs
Juan Enrique Rey-Baltar
Deputy Chairman
€231K
2.3 yrs
Fernando Azaola Arteche
Director
€2M
Joaquín Gómez de Olea y Mendaro
Secretary & Director
€231K
Cristóbal de Aguilar Alonso-Urquijo
Deputy Secretary & Director
€231K
Isabel Dutilh Carvajal
Director
€231K
3.3 yrs
Emilio Ybarra Aznar
Director
€231K
3.3 yrs
Gabriel de Oraa y Moyúa
Director
€231K
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Elecnor's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Elecnor 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.
News
Simply Wall St News
Does Elecnor, S.A.'s (BME:ENO) P/E Ratio Signal A Buying Opportunity?
We'll look at Elecnor, S.A.'s (BME:ENO) P/E ratio and reflect on what it tells us about the company's share price. … Looking at earnings over the last twelve months, Elecnor has a P/E ratio of 13.34. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs Elecnor, S.A.'s (BME:ENO) 13% ROE Strong Compared To Its Industry?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.13 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleElecnor (BME:ENO) Shareholders Have Enjoyed A 73% Share Price Gain
(BME:ENO) shareholders have seen the share price rise 73% over three years, well in excess of the market return (8.4%, not including dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Elecnor was able to grow its EPS at 4.2% per year over three years, sending the share price higher.
Simply Wall St - – Full articleAre Elecnor, S.A.’s (BME:ENO) Returns Worth Your While?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.
Simply Wall St - – Full articleHere's What We Think About Elecnor, S.A.'s (BME:ENO) CEO Pay
In 2011 Rafael Martín De Bustamante Vega was appointed CEO of Elecnor, S.A. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Rafael Martín De Bustamante Vega's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleHere's What Elecnor, S.A.'s (BME:ENO) P/E Ratio Is Telling Us
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Elecnor, S.A.'s (BME:ENO) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCould The Elecnor, S.A. (BME:ENO) Ownership Structure Tell Us Something Useful?
Generally speaking, as a company grows, institutions will increase their ownership. … Companies that used to be publicly owned tend to have lower insider ownership. … institutions own shares in the company.
Simply Wall St - – Full articleHow Elecnor SA (BME:ENO) Could Add Value To Your Portfolio
I've been keeping an eye on Elecnor SA (BME:ENO) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe ENO has a lot to offer. … In the following section, I expand a bit more on these key aspects.
Simply Wall St - – Full articleShould You Worry About Elecnor SA's (BME:ENO) CEO Pay Check?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Rafael Martín De Bustamante Vega's Compensation Compare With Similar Sized Companies. … As you can see, Rafael Martín De Bustamante Vega is paid more than the median CEO pay at companies of a similar size, in the same market
Simply Wall St - – Full articleWhat’s Installed For Elecnor SA (BME:ENO)?
which is expected to benefit from higher gross domestic product, high consumer confidence, and upbeat private sector investments … Along with these positive signals is the potential for significant infrastructure plans and public-private partnerships to fund them
Simply Wall St - – Full articleCompany Info
Description
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.
Details
| Name: | Elecnor, S.A. |
| ENO | |
| Exchange: | BME |
| Founded: | 1958 |
| €999,029,347 | |
| 84,663,504 | |
| Website: | http://www.elecnor.com |
| Address: |
Elecnor, S.A. Paseo de la Castellana, 81, floor 20, Madrid, Madrid, 28046, Spain |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BME | ENO | Ordinary Shares | Bolsas y Mercados Espanoles | ES | EUR | 02. Jan 1992 | |
| BST | EK5 | Ordinary Shares | Boerse-Stuttgart | DE | EUR | 02. Jan 1992 | |
| LSE | 0K97 | Ordinary Shares | London Stock Exchange | GB | EUR | 02. Jan 1992 | |
| BATS-CHIXE | ENOE | Ordinary Shares | BATS 'Chi-X Europe' | GB | EUR | 02. Jan 1992 |
Number of employees
Current staff
Industry
| Construction and Engineering | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/24 21:40 |
| End of day share price update: | 2019/04/24 00:00 |
| Last estimates confirmation: | 2018/02/27 |
| Last earnings filing: | 2019/03/01 |
| 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.
