Endesa, S.A.

BME:ELE Stock Report

Market Cap: €43.0b

Endesa Future Growth

Future criteria checks 1/6

Endesa's earnings are forecast to decline at 0.8% per annum while its annual revenue is expected to grow at 0.3% per year. EPS is expected to decline by 0.3% per annum. Return on equity is forecast to be 25% in 3 years.

Key information

-0.8%

Earnings growth rate

-0.35%

EPS growth rate

Electric Utilities earnings growth7.6%
Revenue growth rate0.3%
Future return on equity25.00%
Analyst coverage

Good

Last updated07 Sep 2026

Recent future growth updates

Analysis Article • Aug 01

Endesa, S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

A week ago, Endesa, S.A. ( BME:ELE ) came out with a strong set of interim numbers that could potentially lead to a...

Recent updates

Narrative Update • Aug 18

ELE: Fair Value Reset Will Reflect Revised Earnings Mix And Street Sentiment

Analysts have lifted their fair value estimate for Endesa from €41.50 to €44.30, reflecting updated assumptions around revenue growth, profit margins and future P/E, alongside a recently raised Street price target of €37 for the stock. Analyst Commentary Endesa is drawing fresh attention from bullish analysts after a recent price target adjustment that lines up with the updated fair value estimate.
Narrative Update • Aug 04

ELE: Future Returns Will Depend On Rich Multiples And Execution Risks

Endesa's analyst fair value estimate has shifted from €33.93 to €35.42, as analysts reflect recent Street price target updates toward the €37 level and the mid €20s range in their revised assumptions. Analyst Commentary Recent Street research on Endesa shows price targets clustering in two bands, around €37 and the mid €20s range.
Analysis Article • Aug 01

Endesa, S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

A week ago, Endesa, S.A. ( BME:ELE ) came out with a strong set of interim numbers that could potentially lead to a...
Narrative Update • Jul 21

ELE: Higher Pessimistic Ratings Will Pressure Shares Despite Buyback Framework

The latest analyst update on Endesa lifts the central price target estimate from €21.27 to €27.40, reflecting revised views on fair value, discount rate, revenue outlook, profit margins and future P/E assumptions cited in recent research. Analyst Commentary Recent research on Endesa highlights that, even with higher price targets, some bearish analysts remain cautious about the stock.
Narrative Update • Jul 07

ELE: Fair Value Recast Highlights CEO Transition And Updated Earnings Expectations

Endesa's analyst fair value estimate has shifted from €37.0 to €41.5 as analysts factor in updated expectations for revenue growth, profit margins and future P/E, alongside a series of recent price target increases on the stock. Analyst Commentary Recent Street research on Endesa shows a cluster of price target revisions that give a clearer sense of how bullish analysts are framing the stock, even when their official ratings remain cautious.
Narrative Update • Jun 23

ELE: Future Returns Will Depend On New CEO Execution Risks

Endesa's analyst price target has been lifted by €0.32 to €33.93. Analysts point to updated assumptions on revenue growth, profit margin and recent target increases from several firms as the key drivers of this revision.
Narrative Update • Jun 07

ELE: Future Returns Will Depend On New Leadership And Recalibrated Market Confidence

Analysts have raised the Endesa price target to €27.40. This reflects updated assumptions around slightly higher fair value, a modest adjustment to revenue growth expectations, a marginally firmer profit margin profile, and recent Street research that includes several upward target revisions.
Narrative Update • May 21

ELE: Future Returns Will Hinge On Leadership Execution And Mixed Market Confidence

Endesa's analyst fair value estimate has moved from €32.89 to €33.54, reflecting a series of higher price targets from banks such as Citi, Morgan Stanley, JPMorgan, Barclays and BNP Paribas, even as opinions on the stock's rating remain mixed. Analyst Commentary Recent research highlights a clear split in opinion on Endesa, with several banks lifting price targets while ratings range from Sell to Underperform, Neutral and Equal Weight.
Narrative Update • May 05

ELE: Future Returns Will Depend On Execution Risks Despite Higher Price Optimism

Endesa's analyst price target has moved higher by several euros, with recent updates clustering around €30 to €34.50, as analysts point to refreshed views on the company's earnings profile and sector positioning. Analyst Commentary Recent research on Endesa has focused on how current earnings expectations and sector positioning compare with share valuation, with several large banks revisiting their price targets and ratings in quick succession.
Narrative Update • Apr 21

ELE: Future Returns Will Depend On Execution Risks Despite Higher Street Optimism

Endesa's analyst fair value estimate has shifted from €32.19 to €32.89 as analysts factor in recent price target increases from several banks, along with modest adjustments to long term revenue growth, profit margin assumptions and future P/E expectations. Analyst Commentary Recent Street research on Endesa presents a mixed picture, with several price target lifts and upgrades set against at least one downgrade and a small price target trim.
Narrative Update • Apr 06

ELE: Future Returns Will Depend On Persistent Execution Concerns Despite Higher Street Optimism

Narrative Update The analyst price target for Endesa is updated to €32.19 from €31.10. This reflects analysts' use of slightly higher revenue growth and profit margin assumptions, as well as a modestly higher future P/E multiple in their models, following a series of recent target increases from major banks.
Narrative Update • Mar 23

ELE: Future Returns Will Depend On Divergent Views Of Execution Risk

The analyst price target for Endesa has been raised from about €30.20 to roughly €31.10, with analysts citing updated assumptions around revenue growth, profit margins and future P/E as the key drivers of the change. Analyst Commentary Recent research on Endesa shows a mix of optimism and caution, with several firms adjusting ratings and price targets in different directions.
Narrative Update • Mar 07

ELE: Future Returns Will Depend On Execution Risks At Current Pricing

The analyst fair value estimate for Endesa has increased from €28.85 to €30.20, reflecting recent price target revisions in the range of €30 to €34.50 as analysts reassess revenue growth, profit margins and future P/E assumptions. Analyst Commentary Recent research opinions on Endesa are mixed, with several banks adjusting price targets into a range around €30 to €34.50 and revisiting their views on execution and valuation.
New Narrative • Feb 26

Electrification And Grid Investment Will Support A Stronger Long Term Outlook

Catalysts About Endesa Endesa is a Spanish electricity utility focused on power generation, distribution networks and energy supply to retail and business customers. What are the underlying business or industry changes driving this perspective?
Narrative Update • Feb 21

ELE: Fair Value And Split Research Views Will Shape Future Returns

Our updated analyst price target for Endesa remains at about €28.85, as analysts weigh offsetting Street moves, including a downgrade to Underperform with a €30 target and mixed price target revisions from other firms. Analyst Commentary Recent research on Endesa shows a split view, with some analysts lifting their price targets and others turning more cautious.
Narrative Update • Feb 07

ELE: Margin Normalization And Diverging Research Views Will Shape Future Returns

Analysts have slightly raised their fair value estimate for Endesa from €28.62 to about €28.85, citing updated assumptions that reflect recent price target increases at Citi and Berenberg, along with revised views on discount rates, revenue growth, margins and future P/E multiples. Analyst Commentary Bullish and bearish analysts are reading the same Endesa story in very different ways, and that split is feeding directly into the range of price targets and fair value views you are seeing today.
Narrative Update • Jan 21

ELE: Margin Normalization And Conflicting Research Will Shape Future Return Profile

Analysts have nudged their fair value estimate for Endesa higher from €27.85 to €28.62, citing updated assumptions around future pricing and margins, alongside mixed recent research that includes a higher price target from one firm and a downgrade with a lower target from another. Analyst Commentary Bullish Takeaways Bullish analysts see scope for higher fair value supported by updated assumptions around pricing and margins that, in their view, justify a higher price target.
Narrative Update • Jan 07

ELE: Margin Normalization And Generator Downgrades Will Pressure Future Return Profile

Analysts have trimmed their fair value estimate for Endesa slightly, to €27.85 from €27.94, citing recent downgrades that highlight expectations for electricity and gas margins to normalize and a less preferred stance on generators within European utilities. Analyst Commentary Recent research points to a more cautious stance on Endesa, with downgrades reflecting concerns around current valuation and the outlook for its generation and supply businesses within the broader European utilities sector.
Analysis Article • Dec 19

Endesa (BME:ELE) Might Have The Makings Of A Multi-Bagger

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Narrative Update • Dec 13

ELE: Margin Normalization And Sector Rotation Will Shape Future Return Profile

Analysts have nudged their fair value estimate for Endesa higher to approximately EUR 27.94 from about EUR 27.16, reflecting slightly stronger expected revenue growth and a modestly richer future earnings multiple, even as they factor in normalizing electricity and gas margins along with a less favorable stance on traditional generators. Analyst Commentary Recent research updates signal a more cautious stance on Endesa, with several valuation frameworks resetting to reflect normalizing commodity spreads and a less favorable view on conventional generation relative to renewables focused peers.
Analysis Article • Dec 01

We Think Endesa (BME:ELE) Can Stay On Top Of Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Narrative Update • Nov 28

ELE: Margin Normalization And Network Spending Uncertainty Will Pressure Future Returns

Analysts have lowered their price target for Endesa to €27.16 from €26.95. They cite concerns over normalizing electricity and gas margins, as well as sector rotation among European utilities.
Narrative Update • Nov 13

ELE: Uncertainty Around Network Investment Will Limit Upside Potential

Analysts have raised their fair value price target for Endesa to €26.95 from €26.52. This reflects improved revenue growth expectations despite recent sector downgrades and ongoing uncertainty around network investment.
Narrative Update • Oct 29

Downgraded Sector Ratings Will Limit Network Investment Upside Ahead

Analysts have modestly increased their fair value price target for Endesa from €25.96 to €26.52. This change reflects a balance of improved profit margin expectations with ongoing uncertainties in network investment and sector preference.
User avatar
New Narrative • Nov 07

Masdar Partnership And Renewable Expansion Powering Robust Growth And Profitability

Strategic partnerships and effective hedging stabilize revenues, enhance margins, and support future earnings growth by minimizing market volatility.

Earnings and Revenue Growth Forecasts

BME:ELE - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202821,6462,4161,2994,84316
12/31/202721,5622,3931,6374,60317
12/31/202622,2152,4741,6804,63016
6/30/202621,1262,6272,0103,967N/A
3/31/202620,9542,3401,9733,845N/A
12/31/202521,0312,1982,2074,051N/A
9/30/202521,1242,1952,5064,335N/A
6/30/202521,4032,1292,9024,731N/A
3/31/202521,2842,1792,7904,643N/A
12/31/202420,9351,8881,7213,567N/A
9/30/202421,6741,0872,5854,527N/A
6/30/202422,4196632,1924,274N/A
3/31/202423,1584402,7484,961N/A
12/31/202325,0707422,4134,697N/A
9/30/202327,0501,9491,6163,925N/A
6/30/202330,7382,5041,1523,456N/A
3/31/202332,4062,797-1152,051N/A
12/31/202232,5452,541-4601,672N/A
9/30/202230,9131,627692,345N/A
6/30/202226,3731,519-2681,960N/A
3/31/202223,3231,282-6231,562N/A
12/31/202120,5271,4355392,621N/A
9/30/202118,3731,342651,844N/A
6/30/202117,2891,0987222,448N/A
3/31/202116,8371,0411,5713,258N/A
12/31/202016,7171,3941,2472,951N/A
9/30/202017,3231,5061,6083,340N/A
6/30/202018,0445231,5753,269N/A
3/31/202018,839652N/A3,122N/A
12/31/201919,262171N/A3,181N/A
9/30/201919,238400N/A3,089N/A
6/30/201919,5241,441N/A2,688N/A
3/31/201919,5951,408N/A2,731N/A
12/31/201819,6031,417N/A2,420N/A
9/30/201819,8121,571N/A2,204N/A
6/30/201819,3761,562N/A2,402N/A
3/31/201819,5141,582N/A1,926N/A
12/31/201719,6111,463N/A2,438N/A
9/30/201719,1691,191N/A1,816N/A
6/30/201719,3001,268N/A2,200N/A
3/31/201718,8051,322N/A2,866N/A
12/31/201618,3211,411N/A2,995N/A
9/30/201618,2341,185N/A3,517N/A
6/30/201618,3411,012N/A2,932N/A
3/31/201618,837993N/A2,414N/A
12/31/201519,2871,086N/A2,656N/A
9/30/201520,4441,278N/A2,922N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELE's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: ELE's earnings are forecast to decline over the next 3 years (-0.8% per year).

High Growth Earnings: ELE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ELE's revenue (0.3% per year) is forecast to grow slower than the Spanish market (6.4% per year).

High Growth Revenue: ELE's revenue (0.3% 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 (25%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 18:04
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 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

Endesa, S.A. is covered by 41 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Virginia RomeroBanco de Sabadell. S.A.
null nullBanco de Sabadell. S.A.
Bosco Muguiro EulateBanco Santander