Endesa, S.A.

BME:ELE Stock Report

Market Cap: €21.6b

Endesa Valuation

Is ELE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ELE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ELE (€20.36) is trading above our estimate of fair value (€16.2)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ELE?

Key metric: As ELE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ELE. This is calculated by dividing ELE's market cap by their current earnings.
What is ELE's PE Ratio?
PE Ratio19.8x
Earnings€1.09b
Market Cap€21.55b

Price to Earnings Ratio vs Peers

How does ELE's PE Ratio compare to its peers?

The above table shows the PE ratio for ELE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.5x
RED Redeia Corporación
15.7x7.3%€8.8b
IBE Iberdrola
12.4x-2.3%€80.2b
ANA Acciona
30.9x23.9%€5.9b
NTGY Naturgy Energy Group
10.9x-4.6%€21.9b
ELE Endesa
19.8x10.5%€21.6b

Price-To-Earnings vs Peers: ELE is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the peer average (17.5x).

Price to Earnings Ratio vs Industry

How does ELE's PE Ratio compare vs other companies in the European Electric Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ELE 19.8xIndustry Avg. 12.4xNo. of Companies11PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ELE is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the European Electric Utilities industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is ELE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ELE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.8x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: ELE is expensive based on its Price-To-Earnings Ratio (19.8x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ELE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€20.36
€22.75
+11.7%
8.5%€26.00€19.50n/a21
Dec ’25€20.74
€22.18
+6.9%
9.5%€26.00€19.50n/a21
Nov ’25€19.95
€21.66
+8.6%
8.4%€25.30€19.50n/a21
Oct ’25€19.80
€21.53
+8.7%
9.3%€25.30€18.50n/a21
Sep ’25€19.10
€21.21
+11.0%
9.9%€25.30€18.00n/a21
Aug ’25€17.97
€21.20
+18.0%
10.0%€25.30€18.00n/a21
Jul ’25€17.82
€20.87
+17.2%
10.8%€25.30€17.20n/a21
Jun ’25€18.30
€20.74
+13.3%
10.9%€25.30€17.20n/a21
May ’25€17.10
€21.08
+23.3%
12.1%€25.60€17.20n/a21
Apr ’25€17.17
€21.16
+23.2%
13.1%€25.60€16.30n/a21
Mar ’25€16.19
€21.56
+33.2%
12.2%€25.60€16.30n/a21
Feb ’25€18.09
€22.27
+23.1%
9.0%€25.60€18.30n/a21
Jan ’25€18.46
€22.08
+19.6%
8.7%€25.60€18.50n/a21
Dec ’24€19.30
€22.25
+15.3%
8.0%€25.60€19.50€20.7421
Nov ’24€18.22
€22.38
+22.8%
8.0%€25.60€19.50€19.9521
Oct ’24€19.28
€22.61
+17.3%
7.5%€25.60€19.50€19.8021
Sep ’24€19.10
€22.54
+18.0%
7.7%€25.60€19.50€19.1022
Aug ’24€19.26
€22.54
+17.0%
7.7%€25.60€19.50€17.9722
Jul ’24€19.65
€22.46
+14.3%
8.0%€25.60€19.50€17.8222
Jun ’24€20.73
€22.02
+6.2%
8.9%€25.30€18.00€18.3022
May ’24€20.37
€21.89
+7.5%
9.2%€25.30€18.00€17.1022
Apr ’24€20.00
€21.85
+9.2%
8.9%€25.30€18.00€17.1722
Mar ’24€18.16
€21.74
+19.8%
8.3%€25.30€18.00€16.1921
Feb ’24€18.20
€21.53
+18.3%
8.5%€25.30€18.00€18.0921
Jan ’24€17.64
€21.59
+22.4%
9.3%€26.50€18.00€18.4620
Dec ’23€17.96
€21.98
+22.4%
11.2%€28.20€18.00€19.3021

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 05:38
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Endesa, S.A. is covered by 48 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jose Martin-Vivas AlcaideAhorro Corporación
Flora Mericia TrindadeBanco BPI, S.A.
Javier Esteban LarioBanco de Sabadell. S.A.