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ENEL

EnelBIT:ENEL Stock Report

Market Cap

€72.4b

7D

3.0%

1Y

-5.8%

Updated

24 Oct, 2021

Data

Company Financials +
ENEL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance3/6
Financial Health2/6
Dividends5/6

ENEL Overview

Enel SpA, together with its subsidiaries, operates in the electricity and gas sectors worldwide.

Enel Competitors

Terna - Rete Elettrica Nazionale Società per Azioni

BIT:TRN

€12.9b

Gazprom

MISX:GAZP

₽8.5t

Equinor

OB:EQNR

kr750.0b

Iberdrola

BME:IBE

€60.0b

Price History & Performance

Summary of all time highs, changes and price drops for Enel
Historical stock prices
Current Share Price€7.13
52 Week High€6.55
52 Week Low€9.05
Beta0.86
1 Month Change1.55%
3 Month Change-11.81%
1 Year Change-5.84%
3 Year Change62.72%
5 Year Change80.80%
Change since IPO-17.32%

Recent News & Updates

Sep 27
Enel SpA's (BIT:ENEL) Intrinsic Value Is Potentially 26% Below Its Share Price

Enel SpA's (BIT:ENEL) Intrinsic Value Is Potentially 26% Below Its Share Price

How far off is Enel SpA ( BIT:ENEL ) from its intrinsic value? Using the most recent financial data, we'll take a look...

Aug 25
Returns At Enel (BIT:ENEL) Appear To Be Weighed Down

Returns At Enel (BIT:ENEL) Appear To Be Weighed Down

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...

Jul 28
We Think Enel (BIT:ENEL) Is Taking Some Risk With Its Debt

We Think Enel (BIT:ENEL) Is Taking Some Risk With Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Jul 12
When Should You Buy Enel SpA (BIT:ENEL)?

When Should You Buy Enel SpA (BIT:ENEL)?

Let's talk about the popular Enel SpA ( BIT:ENEL ). The company's shares saw significant share price movement during...

Shareholder Returns

ENELIT Electric UtilitiesIT Market
7D3.0%2.1%0.5%
1Y-5.8%11.9%36.4%

Return vs Industry: ENEL underperformed the Italian Electric Utilities industry which returned 11.9% over the past year.

Return vs Market: ENEL underperformed the Italian Market which returned 36.4% over the past year.

Price Volatility

Is ENEL's price volatile compared to industry and market?
ENEL volatility
ENEL Beta0.86
Industry Beta0.68
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
196265,923Francesco Staracehttps://www.enel.com

Enel SpA, together with its subsidiaries, operates in the electricity and gas sectors worldwide. The company generates, transmits, distributes, purchases, transports, and sells electricity; transports and markets natural gas; supplies LNG; and designs, develops, constructs, operates, manages, and maintains generation plants and transmission grids. It offers electric vehicle charging solutions to recharge vehicle at home or at the office; technological solutions for smart homes, home automation, solar and photovoltaic systems, boilers, maintenance services, lighting, etc.; public lighting and monitoring services for smart cities, security systems, etc.; electric mobility services; and consulting and energy efficiency solutions.

Enel Fundamentals Summary

How do Enel's earnings and revenue compare to its market cap?
ENEL fundamental statistics
Market Cap€72.42b
Earnings (TTM)€2.44b
Revenue (TTM)€60.49b

29.7x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENEL income statement (TTM)
Revenue€60.49b
Cost of Revenue€38.52b
Gross Profit€21.97b
Expenses€19.53b
Earnings€2.44b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 04, 2021

Earnings per share (EPS)0.24
Gross Margin36.32%
Net Profit Margin4.04%
Debt/Equity Ratio136.7%

How did ENEL perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

76%

Payout Ratio

Valuation

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

29.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ENEL (€7.13) is trading above our estimate of fair value (€3.75)

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


Price To Earnings Ratio

PE vs Industry: ENEL is poor value based on its PE Ratio (29.7x) compared to the European Electric Utilities industry average (14.2x).

PE vs Market: ENEL is poor value based on its PE Ratio (29.7x) compared to the Italian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: ENEL is poor value based on its PEG Ratio (4.1x)


Price to Book Ratio

PB vs Industry: ENEL is overvalued based on its PB Ratio (2.3x) compared to the XE Electric Utilities industry average (1.1x).


Future Growth

How is Enel forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

7.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENEL's forecast earnings growth (7.2% per year) is above the savings rate (1.8%).

Earnings vs Market: ENEL's earnings (7.2% per year) are forecast to grow slower than the Italian market (11.6% per year).

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

Revenue vs Market: ENEL's revenue (2.6% per year) is forecast to grow faster than the Italian market (2.1% per year).

High Growth Revenue: ENEL's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENEL's Return on Equity is forecast to be low in 3 years time (18.8%).


Past Performance

How has Enel performed over the past 5 years?

-0.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENEL has a large one-off loss of €2.5B impacting its June 30 2021 financial results.

Growing Profit Margin: ENEL's current net profit margins (4%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: ENEL's earnings have declined by 0.3% per year over the past 5 years.

Accelerating Growth: ENEL's earnings growth over the past year (28.1%) exceeds its 5-year average (-0.3% per year).

Earnings vs Industry: ENEL earnings growth over the past year (28.1%) exceeded the Electric Utilities industry 22.6%.


Return on Equity

High ROE: ENEL's Return on Equity (7.9%) is considered low.


Financial Health

How is Enel's financial position?


Financial Position Analysis

Short Term Liabilities: ENEL's short term assets (€45.3B) do not cover its short term liabilities (€52.4B).

Long Term Liabilities: ENEL's short term assets (€45.3B) do not cover its long term liabilities (€83.0B).


Debt to Equity History and Analysis

Debt Level: ENEL's debt to equity ratio (136.7%) is considered high.

Reducing Debt: ENEL's debt to equity ratio has increased from 94.7% to 136.7% over the past 5 years.

Debt Coverage: ENEL's debt is well covered by operating cash flow (20%).

Interest Coverage: ENEL's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


Dividend

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

5.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ENEL's dividend (5.14%) is higher than the bottom 25% of dividend payers in the Italian market (1.02%).

High Dividend: ENEL's dividend (5.14%) is in the top 25% of dividend payers in the Italian market (3.43%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.2%), ENEL's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ENEL's dividends in 3 years are forecast to be covered by earnings (70.3% payout ratio).


Next Steps

Management

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

7.0yrs

Average management tenure


CEO

Francesco Starace (66 yo)

7.42yrs

Tenure

€2,725,764

Compensation

Mr. Francesco Starace has been the Chief Executive Officer and General Manager of Enel SpA since May 27, 2014. Mr. Starace served as the Chief Executive Officer and General Manager of Enel Green Power S.p....


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Francesco's total compensation is reasonable compared to companies of similar size in the Italian market.

Compensation vs Earnings: Francesco's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: ENEL's management team is seasoned and experienced (7 years average tenure).


Board Members

Experienced Board: ENEL's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


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

Enel SpA's employee growth, exchange listings and data sources


Key Information

  • Name: Enel SpA
  • Ticker: ENEL
  • Exchange: BIT
  • Founded: 1962
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: €72.423b
  • Shares outstanding: 10.16b
  • Website: https://www.enel.com

Number of Employees


Location

  • Enel SpA
  • Viale Regina Margherita, 137
  • Rome
  • Rome
  • 198
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 17:47
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
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.