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ENLT

Enlight Renewable Energy TASE:ENLT Stock Report

Last Price

₪6.86

Market Cap

₪6.6b

7D

6.7%

1Y

-1.9%

Updated

29 Jun, 2022

Data

Company Financials +
ENLT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends0/6

ENLT Stock Overview

Enlight Renewable Energy Ltd operates in the field of renewable energy.

Enlight Renewable Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Enlight Renewable Energy
Historical stock prices
Current Share Price₪6.86
52 Week High₪8.60
52 Week Low₪5.83
Beta0.59
1 Month Change7.26%
3 Month Change-8.74%
1 Year Change-1.93%
3 Year Change131.91%
5 Year Change431.78%
Change since IPO108.51%

Recent News & Updates

Jan 17
Enlight Renewable Energy (TLV:ENLT) Has A Somewhat Strained Balance Sheet

Enlight Renewable Energy (TLV:ENLT) Has A Somewhat Strained Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

ENLTIL Renewable EnergyIL Market
7D6.7%-3.9%1.6%
1Y-1.9%-0.9%9.5%

Return vs Industry: ENLT underperformed the IL Renewable Energy industry which returned 0.1% over the past year.

Return vs Market: ENLT underperformed the IL Market which returned 9.5% over the past year.

Price Volatility

Is ENLT's price volatile compared to industry and market?
ENLT volatility
ENLT Average Weekly Movement6.0%
Renewable Energy Industry Average Movement5.6%
Market Average Movement5.6%
10% most volatile stocks in IL Market9.0%
10% least volatile stocks in IL Market3.6%

Stable Share Price: ENLT is not significantly more volatile than the rest of IL stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ENLT's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198195Gilad Yavetzhttps://www.enlightenergy.co.il

Enlight Renewable Energy Ltd operates in the field of renewable energy. It engages in the initiation, development, financing, construction, management, and operation of projects in the field of electricity generation from renewable energy sources. The company develops and operates solar and wind energy projects.

Enlight Renewable Energy Fundamentals Summary

How do Enlight Renewable Energy's earnings and revenue compare to its market cap?
ENLT fundamental statistics
Market Cap₪6.56b
Earnings (TTM)₪34.69m
Revenue (TTM)₪373.26m

189.0x

P/E Ratio

17.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENLT income statement (TTM)
Revenue₪373.26m
Cost of Revenue₪70.38m
Gross Profit₪302.89m
Other Expenses₪268.19m
Earnings₪34.69m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.036
Gross Margin81.15%
Net Profit Margin9.29%
Debt/Equity Ratio217.1%

How did ENLT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ENLT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue32.9x
Enterprise Value/EBITDA56.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ENLT's PS Ratio compare to its peers?

ENLT PS Ratio vs Peers
The above table shows the PS ratio for ENLT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average13x
ENRG Energix - Renewable Energies
19.6xn/a₪5.8b
NOFR O.Y. Nofar Energy
7.9xn/a₪2.9b
DORL Doral Group Renewable Energy Resources
14.8xn/a₪1.8b
SLGN Solegreen
9.8xn/a₪463.6m
ENLT Enlight Renewable Energy
17.6x54.5%₪6.6b

Price-To-Sales vs Peers: ENLT is expensive based on its Price-To-Sales Ratio (17.6x) compared to the peer average (13x).


Price to Earnings Ratio vs Industry

How does ENLT's PE Ratio compare vs other companies in the Asian Renewable Energy Industry?

Price-To-Sales vs Industry: ENLT is expensive based on its Price-To-Sales Ratio (17.6x) compared to the IL Renewable Energy industry average (12.5x)


Price to Sales Ratio vs Fair Ratio

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

ENLT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio17.6x
Fair PS Ratio32.6x

Price-To-Sales vs Fair Ratio: ENLT is good value based on its Price-To-Sales Ratio (17.6x) compared to the estimated Fair Price-To-Sales Ratio (32.6x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate ENLT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ENLT's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ENLT's PEG Ratio to determine if it is good value.


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Future Growth

How is Enlight Renewable Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


54.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ENLT's forecast earnings growth is above the savings rate (1.5%).

Earnings vs Market: Insufficient data to determine if ENLT's earnings are forecast to grow faster than the IL market

High Growth Earnings: Insufficient data to determine if ENLT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ENLT's revenue (54.5% per year) is forecast to grow faster than the IL market (3.9% per year).

High Growth Revenue: ENLT's revenue (54.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ENLT's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Enlight Renewable Energy performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-37.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ENLT has a high level of non-cash earnings.

Growing Profit Margin: ENLT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ENLT has become profitable over the past 5 years, growing earnings by -37.6% per year.

Accelerating Growth: ENLT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ENLT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (0.9%).


Return on Equity

High ROE: ENLT's Return on Equity (2.6%) is considered low.


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Financial Health

How is Enlight Renewable Energy's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ENLT's short term assets (₪1.6B) exceed its short term liabilities (₪733.9M).

Long Term Liabilities: ENLT's short term assets (₪1.6B) do not cover its long term liabilities (₪6.4B).


Debt to Equity History and Analysis

Debt Level: ENLT's net debt to equity ratio (172.7%) is considered high.

Reducing Debt: ENLT's debt to equity ratio has reduced from 275.5% to 217.1% over the past 5 years.

Debt Coverage: ENLT's debt is not well covered by operating cash flow (2.7%).

Interest Coverage: ENLT's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


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Dividend

What is Enlight Renewable Energy current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ENLT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ENLT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ENLT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ENLT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ENLT has not reported any payouts.


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Management

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

0.9yrs

Average management tenure


CEO

Gilad Yavetz (51 yo)

no data

Tenure

₪3,904,000

Compensation

Mr. Gilad Yavetz serves as the Chief Executive Officer of Enlight Renewable Energy Ltd. Mr. Yavetz is One of Enlight's entrepreneurs and founders and lead its activity and manages all the processes involvi...


CEO Compensation Analysis

Compensation vs Market: Gilad's total compensation ($USD1.13M) is about average for companies of similar size in the IL market ($USD1.18M).

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


Leadership Team

Experienced Management: ENLT's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: ENLT's board of directors are seasoned and experienced ( 11 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 been diluted in the past year, with total shares outstanding growing by 4.1%.


Top Shareholders

Company Information

Enlight Renewable Energy Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Enlight Renewable Energy Ltd
  • Ticker: ENLT
  • Exchange: TASE
  • Founded: 1981
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: ₪6.556b
  • Shares outstanding: 955.64m
  • Website: https://www.enlightenergy.co.il

Number of Employees


Location

  • Enlight Renewable Energy Ltd
  • Afek Industrial Park
  • 13 Ha'amal Street
  • Rosh Haayin
  • 4809249
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.