ENCE Energía y Celulosa Past Earnings Performance
Past criteria checks 0/6
ENCE Energía y Celulosa has been growing earnings at an average annual rate of 14.4%, while the Forestry industry saw earnings declining at 6.8% annually. Revenues have been declining at an average rate of 1.1% per year.
Key information
14.38%
Earnings growth rate
14.20%
EPS growth rate
| Forestry Industry Growth | 16.09% |
| Revenue growth rate | -1.07% |
| Return on equity | -15.43% |
| Net Margin | -10.26% |
| Next Earnings Update | 21 Jul 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 07
ENC: Higher Margins And Lower Risk Assumptions Will Support Future Upside
Analysts have trimmed their price target for ENCE Energía y Celulosa slightly to €3.40 from about €3.43, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E. What's in the News No recent company specific news items, periodical coverage or key developments were provided for ENCE Energía y Celulosa, so current coverage appears limited based on the available sources.Narrative Update • May 11
ENC: Higher Margins And Lower Risk Assumptions Will Support Future Upside
Analysts have updated their price target framework for ENCE Energía y Celulosa around a steady fair value of €3.43, reflecting adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E to capture a different balance of perceived risk and earnings potential. Valuation Changes Fair Value remained steady at €3.43 per share, with no change in the updated framework.Narrative Update • Apr 24
ENC: Higher Required Returns And Firmer Margins Will Support Future Upside
Analysts have kept their €3.43 price target for ENCE Energía y Celulosa unchanged. Updated assumptions on discount rate, revenue growth, profit margin and future P/E help to support this steady view.Narrative Update • Apr 10
ENC: Modest Revenue Recovery And Lower Future P/E Will Support Upside
Analysts have adjusted their price target on ENCE Energía y Celulosa to €3.43 per share, citing updated assumptions for revenue growth, discount rate, and future P/E as key drivers behind the revision. Valuation Changes Fair Value: unchanged at €3.43 per share, suggesting the overall valuation outcome from the model is stable despite updates to assumptions.Narrative Update • Mar 27
ENC: Stable Metrics And High Future P/E Will Support Upside
Analysts have kept their average price target for ENCE Energía y Celulosa steady at €3.43. This reflects unchanged views on fair value, discount rate, revenue growth and profit margin assumptions, alongside a broadly similar future P/E outlook.Narrative Update • Mar 12
ENC: Lower Discount Rate And Higher P/E Multiple Will Support Upside
Analysts have trimmed their price target for ENCE Energía y Celulosa to €3.43 from €3.44, reflecting updates to assumptions around discount rates, revenue, profit margins and future P/E expectations. Valuation Changes Fair Value: Adjusted slightly lower to €3.43 from €3.44.Narrative Update • Feb 26
ENC: Higher Revenue Outlook And Richer P/E Multiple Will Support Upside
Analysts have trimmed their price target for ENCE Energía y Celulosa to €3.44 from €3.52, citing updated assumptions that reflect a combination of higher projected revenue growth, lower profit margins and a higher future P/E multiple. Valuation Changes Fair Value: revised slightly lower from €3.52 to €3.44 per share.Narrative Update • Feb 12
ENC: Lower Discount Rate Will Support Upside From Stable Profitability Expectations
Analysts have trimmed their price target for ENCE Energía y Celulosa slightly to about €3.52. This reflects updated assumptions on discount rates, revenue growth and future P/E multiples, while keeping profit margin expectations broadly in line.
New Narrative • Jan 30
Biomass Expansion And Cost Efficiency Plans Will Confront Execution Risks Yet Offer Long-Term Upside
Catalysts About ENCE Energía y Celulosa ENCE Energía y Celulosa produces eucalyptus based pulp and develops biomass backed renewable energy projects in Spain. What are the underlying business or industry changes driving this perspective?Narrative Update • Jan 26
ENC: Higher Required Return Will Support Upside From Revised Growth Assumptions
Analysts have nudged their price target for ENCE Energía y Celulosa higher from €3.43 to about €3.52, citing updated assumptions on revenue growth, discount rate and future P/E that feed into their valuation work. Valuation Changes Fair Value Estimate: Price target adjusted from €3.43 to about €3.52 per share, reflecting updated valuation inputs.Narrative Update • Jan 12
ENC: Higher Required Return Will Support Strong Future Upside Potential
Analysts have trimmed their price target on ENCE Energía y Celulosa from €3.51 to €3.43, reflecting updated assumptions for discount rates and future P/E, while keeping revenue growth and profit margin expectations broadly aligned with prior views. Valuation Changes Fair Value: Trimmed slightly from €3.51 to €3.43 per share.Narrative Update • Dec 23
ENC: Lower Risk Profile Is Expected To Support Strong Future Upside
Analysts have modestly raised their price target on ENCE Energía y Celulosa to €3.51, reflecting slightly lower perceived risk and steadier long term earnings expectations, while fair value assumptions remain unchanged. Valuation Changes Fair Value: unchanged at €3.51 per share, indicating stable long term valuation assumptions.Narrative Update • Dec 09
ENC: Rising Profitability Is Expected To Drive Strong Future Upside
Analysts have modestly raised their price target on ENCE Energía y Celulosa to €3.51, citing expectations of improved profitability and a more attractive future earnings multiple despite slightly softer revenue growth assumptions. Valuation Changes Fair Value: Unchanged at €3.51 per share, indicating no revision to the central valuation estimate.Narrative Update • Nov 25
ENC: Improving Revenue Outlook Will Drive Long-Term Earnings Potential
Analysts have revised their price target for ENCE Energía y Celulosa slightly downward from €3.59 to €3.51. They cite updated forecasts for revenue growth and profit margins as key factors in the adjustment.Narrative Update • Nov 11
ENC: Future P/E Strength Will Improve Performance Despite Margin Reduction
Analysts have lowered their price target for ENCE Energía y Celulosa from €3.74 to €3.59. They cited weaker revenue growth expectations and a modest reduction in expected profit margins as the primary factors behind the adjustment.Narrative Update • Oct 28
Future Resilience Will Rely On Pulp And Renewable Energy Expansion
Analysts have revised their price target for ENCE Energía y Celulosa downward from €3.95 to €3.74, citing tempered revenue growth expectations and a reduced profit margin outlook. Valuation Changes Fair Value Estimate decreased from €3.95 to €3.74, reflecting a modest reduction.Analysis Article • May 07
Is ENCE Energía y Celulosa (BME:ENC) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Mar 27
ENCE Energía y Celulosa, S.A.'s (BME:ENC) CEO Compensation Looks Acceptable To Us And Here's Why
Key Insights ENCE Energía y Celulosa to hold its Annual General Meeting on 2nd of April Salary of €135.0k is part of...
New Narrative • Feb 09
Expansion Into High-Margin Fluff Pulp Products Will Strengthen Market Position By 2025
Strategic investments in renewable energy and decarbonization technologies could significantly enhance EBITDA and improve environmental efficiency, boosting future revenue and net margins.Analysis Article • Dec 14
ENCE Energía y Celulosa, S.A.'s (BME:ENC) Intrinsic Value Is Potentially 59% Above Its Share Price
Key Insights The projected fair value for ENCE Energía y Celulosa is €4.77 based on 2 Stage Free Cash Flow to Equity...Analysis Article • Nov 20
ENCE Energía y Celulosa (BME:ENC) Has A Pretty Healthy Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Nov 02
ENCE Energía y Celulosa, S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
It's shaping up to be a tough period for ENCE Energía y Celulosa, S.A. ( BME:ENC ), which a week ago released some...Analysis Article • Sep 04
What You Can Learn From ENCE Energía y Celulosa, S.A.'s (BME:ENC) P/S
There wouldn't be many who think ENCE Energía y Celulosa, S.A.'s ( BME:ENC ) price-to-sales (or "P/S") ratio of 0.9x is...Analysis Article • Aug 07
We Think That There Are More Issues For ENCE Energía y Celulosa (BME:ENC) Than Just Sluggish Earnings
The subdued market reaction suggests that ENCE Energía y Celulosa, S.A.'s ( BME:ENC ) recent earnings didn't contain...Analysis Article • Jul 20
A Look At The Fair Value Of ENCE Energía y Celulosa, S.A. (BME:ENC)
Key Insights ENCE Energía y Celulosa's estimated fair value is €3.25 based on 2 Stage Free Cash Flow to Equity Current...Analysis Article • Jun 28
Is ENCE Energía y Celulosa (BME:ENC) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Apr 25
Analyst Estimates: Here's What Brokers Think Of ENCE Energía y Celulosa, S.A. (BME:ENC) After Its First-Quarter Report
Shareholders of ENCE Energía y Celulosa, S.A. ( BME:ENC ) will be pleased this week, given that the stock price is up...Analysis Article • Mar 29
Why We Think ENCE Energía y Celulosa, S.A.'s (BME:ENC) CEO Compensation Is Not Excessive At All
Key Insights ENCE Energía y Celulosa will host its Annual General Meeting on 4th of April Salary of €135.0k is part of...Analysis Article • Jan 25
Should You Think About Buying ENCE Energía y Celulosa, S.A. (BME:ENC) Now?
While ENCE Energía y Celulosa, S.A. ( BME:ENC ) might not have the largest market cap around , it received a lot of...Analysis Article • Oct 21
Here's Why ENCE Energía y Celulosa (BME:ENC) Has A Meaningful Debt Burden
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Aug 31
If EPS Growth Is Important To You, ENCE Energía y Celulosa (BME:ENC) Presents An Opportunity
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Jun 24
Does ENCE Energía y Celulosa (BME:ENC) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Mar 20
Estimating The Intrinsic Value Of ENCE Energía y Celulosa, S.A. (BME:ENC)
Key Insights ENCE Energía y Celulosa's estimated fair value is €3.74 based on 2 Stage Free Cash Flow to Equity ENCE...Analysis Article • Mar 02
Is Now The Time To Look At Buying ENCE Energía y Celulosa, S.A. (BME:ENC)?
ENCE Energía y Celulosa, S.A. ( BME:ENC ), might not be a large cap stock, but it saw a significant share price rise of...Analysis Article • Jan 04
Does ENCE Energía y Celulosa (BME:ENC) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Dec 06
Is ENCE Energía y Celulosa, S.A. (BME:ENC) Worth €2.9 Based On Its Intrinsic Value?
In this article we are going to estimate the intrinsic value of ENCE Energía y Celulosa, S.A. ( BME:ENC ) by projecting...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How ENCE Energía y Celulosa makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 726 | -74 | 117 | 0 |
| 31 Dec 25 | 759 | -54 | 118 | 0 |
| 30 Sep 25 | 784 | -31 | 117 | 0 |
| 30 Jun 25 | 821 | -2 | 119 | 0 |
| 31 Mar 25 | 868 | 31 | 119 | 0 |
| 31 Dec 24 | 885 | 32 | 118 | 0 |
| 30 Sep 24 | 880 | 44 | 115 | 0 |
| 30 Jun 24 | 826 | 6 | 113 | 0 |
| 31 Mar 24 | 795 | -29 | 109 | 0 |
| 31 Dec 23 | 841 | -25 | 109 | 0 |
| 30 Sep 23 | 852 | 152 | 108 | 0 |
| 30 Jun 23 | 917 | 198 | 104 | 0 |
| 31 Mar 23 | 1,071 | 265 | 99 | 0 |
| 31 Dec 22 | 1,009 | 247 | 95 | 0 |
| 30 Sep 22 | 1,023 | 69 | 92 | 0 |
| 30 Jun 22 | 1,008 | 49 | 91 | 0 |
| 31 Mar 22 | 891 | -168 | 90 | 0 |
| 31 Dec 21 | 824 | -190 | 86 | 0 |
| 30 Sep 21 | 771 | -177 | 91 | 0 |
| 30 Jun 21 | 721 | -196 | 90 | 0 |
| 31 Mar 21 | 693 | -24 | 92 | 0 |
| 31 Dec 20 | 710 | -26 | 96 | 0 |
| 30 Sep 20 | 688 | -60 | 90 | 0 |
| 30 Jun 20 | 720 | -41 | 94 | 0 |
| 31 Mar 20 | 736 | -20 | 94 | 0 |
| 31 Dec 19 | 748 | 9 | 94 | 0 |
| 30 Sep 19 | 799 | 65 | 94 | 0 |
| 30 Jun 19 | 829 | 104 | 91 | 0 |
| 31 Mar 19 | 831 | 117 | 86 | 0 |
| 31 Dec 18 | 838 | 129 | 81 | 0 |
| 30 Sep 18 | 833 | 124 | 83 | 0 |
| 30 Jun 18 | 799 | 111 | 81 | 0 |
| 31 Mar 18 | 762 | 108 | 80 | 0 |
| 31 Dec 17 | 740 | 92 | 77 | 0 |
| 30 Sep 17 | 703 | 77 | 70 | 0 |
| 30 Jun 17 | 658 | 61 | 69 | 0 |
| 31 Mar 17 | 629 | 45 | 68 | 0 |
| 31 Dec 16 | 605 | 38 | 69 | 0 |
| 30 Sep 16 | 607 | 39 | 70 | 0 |
| 30 Jun 16 | 640 | 37 | 68 | 0 |
| 31 Mar 16 | 658 | 54 | 67 | 0 |
| 31 Dec 15 | 664 | 50 | 63 | 0 |
| 30 Sep 15 | 649 | 34 | 58 | 0 |
| 30 Jun 15 | 662 | -70 | 64 | 0 |
Quality Earnings: ENC is currently unprofitable.
Growing Profit Margin: ENC is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ENC is unprofitable, but has reduced losses over the past 5 years at a rate of 14.4% per year.
Accelerating Growth: Unable to compare ENC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ENC is unprofitable, making it difficult to compare its past year earnings growth to the Forestry industry (-27.8%).
Return on Equity
High ROE: ENC has a negative Return on Equity (-15.43%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/14 05:34 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ENCE Energía y Celulosa, S.A. is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrés Bolumburu Cámara | Banco de Sabadell. S.A. |
| null null | Banco Santander |
| Manuel Lorente Ortega | Banco Santander |