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Market Cap

€23.5b

Last Updated

2021/04/16 18:36 UTC

Data Sources

Company Financials +

Executive Summary

Endesa, S.A. engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. More Details


Snowflake Analysis

Average dividend payer with acceptable track record.


Similar Companies

Share Price & News

How has Endesa's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ELE is less volatile than 75% of Spanish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ELE's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.7%

ELE

0.08%

ES Electric Utilities

0.5%

ES Market


1 Year Return

13.8%

ELE

24.2%

ES Electric Utilities

23.1%

ES Market

Return vs Industry: ELE underperformed the Spanish Electric Utilities industry which returned 24.2% over the past year.

Return vs Market: ELE underperformed the Spanish Market which returned 24.5% over the past year.


Shareholder returns

ELEIndustryMarket
7 Day-1.7%0.08%0.5%
30 Day2.6%6.7%0.5%
90 Day-1.1%-1.9%3.7%
1 Year19.9%13.8%28.6%24.2%27.1%23.1%
3 Year38.4%18.2%66.6%49.6%1.3%-7.7%
5 Year63.6%25.0%96.1%54.6%15.8%-1.7%

Long-Term Price Volatility Vs. Market

How volatile is Endesa's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

16.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ELE (€22.24) is trading above our estimate of fair value (€19.64)

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


Price To Earnings Ratio

PE vs Industry: ELE is poor value based on its PE Ratio (16.9x) compared to the XE Electric Utilities industry average (12.9x).

PE vs Market: ELE is good value based on its PE Ratio (16.9x) compared to the Spanish market (23.5x).


Price to Earnings Growth Ratio

PEG Ratio: ELE is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: ELE is overvalued based on its PB Ratio (3.2x) compared to the ES Electric Utilities industry average (2.3x).


Future Growth

How is Endesa forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

5.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELE's forecast earnings growth (5.6% per year) is above the savings rate (1.1%).

Earnings vs Market: ELE's earnings (5.6% per year) are forecast to grow slower than the Spanish market (31.5% per year).

High Growth Earnings: ELE's earnings are forecast to grow, but not significantly.

Revenue vs Market: ELE's revenue (6.4% per year) is forecast to grow slower than the Spanish market (8.7% per year).

High Growth Revenue: ELE's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELE's Return on Equity is forecast to be high in 3 years time (23.1%)


Past Performance

How has Endesa performed over the past 5 years?

-4.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELE has a large one-off loss of €1.1B impacting its December 31 2020 financial results.

Growing Profit Margin: ELE's current net profit margins (8.4%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: ELE's earnings have declined by 4.8% per year over the past 5 years.

Accelerating Growth: ELE's earnings growth over the past year (690.8%) exceeds its 5-year average (-4.8% per year).

Earnings vs Industry: ELE earnings growth over the past year (690.8%) exceeded the Electric Utilities industry 3.8%.


Return on Equity

High ROE: ELE's Return on Equity (18.8%) is considered low.


Financial Health

How is Endesa's financial position?


Financial Position Analysis

Short Term Liabilities: ELE's short term assets (€6.2B) do not cover its short term liabilities (€8.6B).

Long Term Liabilities: ELE's short term assets (€6.2B) do not cover its long term liabilities (€16.0B).


Debt to Equity History and Analysis

Debt Level: ELE's debt to equity ratio (87.2%) is considered high.

Reducing Debt: ELE's debt to equity ratio has increased from 45.8% to 87.2% over the past 5 years.

Debt Coverage: ELE's debt is well covered by operating cash flow (45.4%).

Interest Coverage: ELE's interest payments on its debt are well covered by EBIT (22.4x coverage).


Balance Sheet


Dividend

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

9.05%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 17 2021Ex Dividend DateJun 29 2021Dividend Pay DateJul 01 20212 days from Ex DividendBuy in the next 73 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ELE's dividend (9.05%) is higher than the bottom 25% of dividend payers in the Spanish market (1.65%).

High Dividend: ELE's dividend (9.05%) is in the top 25% of dividend payers in the Spanish market (5.22%)


Stability and Growth of Payments

Stable Dividend: ELE's dividend payments have been volatile in the past 10 years.

Growing Dividend: ELE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (152.9%), ELE's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ELE's dividends in 3 years are forecast to be covered by earnings (70.8% payout ratio).


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

José Damián Bogas Gálvez (65 yo)

6.5yrs

Tenure

€2,070,000

Compensation

Mr. José Damián Bogas Gálvez has been the Chief Executive Officer and Executive Director at Endesa SA since October 07, 2014. Mr. Bogas Gálvez served as General Manager of Spain and Portugal at Endesa SA s...


CEO Compensation Analysis

Compensation vs Market: José Damián's total compensation ($USD2.48M) is about average for companies of similar size in the Spanish market ($USD2.48M).

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


Leadership Team

Experienced Management: ELE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: ELE's board of directors are considered experienced (6 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

Endesa, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Endesa, S.A.
  • Ticker: ELE
  • Exchange: BME
  • Founded: 1944
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: €23.546b
  • Shares outstanding: 1.06b
  • Website: https://www.endesa.com

Number of Employees


Location

  • Endesa, S.A.
  • Calle Ribera del Loira, 60
  • Madrid
  • Madrid
  • 28042
  • Spain

Listings


Biography

Endesa, S.A. engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The company generates electricity from various energy sources, such as hydroelectric, nuclear,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 18:36
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
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.