Executive Summary
Enel SpA operates as an integrated electricity and gas operator worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Proven track record average dividend payer.
Similar Companies
Share Price & News
How has Enel's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
1.9%
ENEL
2.7%
IT Electric Utilities
-0.2%
IT Market
1 Year Return
33.2%
ENEL
34.8%
IT Electric Utilities
32.3%
IT Market
Return vs Industry: ENEL underperformed the Italian Electric Utilities industry which returned 34.8% over the past year.
Return vs Market: ENEL matched the Italian Market which returned 32.3% over the past year.
Shareholder returns
| ENEL | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.9% | 2.7% | -0.2% |
| 30 Day | 4.6% | 8.0% | 2.8% |
| 90 Day | -3.8% | -6.1% | 8.2% |
| 1 Year | 38.6%33.2% | 39.5%34.8% | 36.1%32.3% |
| 3 Year | 92.8%68.0% | 76.0%57.1% | 8.8%-1.7% |
| 5 Year | 186.4%125.7% | 110.8%67.5% | 37.5%6.7% |
Long-Term Price Volatility Vs. Market
How volatile is Enel's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Enel (BIT:ENEL) Using Too Much Debt?3 weeks ago | Simply Wall St
Did You Participate In Any Of Enel's (BIT:ENEL) Fantastic 170% Return ?1 month ago | Simply Wall St
Should You Or Shouldn't You: A Dividend Analysis on Enel SpA (BIT:ENEL)Valuation
Is Enel undervalued compared to its fair value and its price relative to the market?
33.05x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ENEL (€8.59) is trading above our estimate of fair value (€6.02)
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 (33.1x) compared to the XE Electric Utilities industry average (12.9x).
PE vs Market: ENEL is poor value based on its PE Ratio (33.1x) compared to the Italian market (20.1x).
Price to Earnings Growth Ratio
PEG Ratio: ENEL is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: ENEL is overvalued based on its PB Ratio (3.1x) compared to the XE Electric Utilities industry average (0.9x).
Future Growth
How is Enel forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
12.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENEL's forecast earnings growth (12.6% per year) is above the savings rate (1.9%).
Earnings vs Market: ENEL's earnings (12.6% per year) are forecast to grow slower than the Italian market (21.1% per year).
High Growth Earnings: ENEL's earnings are forecast to grow, but not significantly.
Revenue vs Market: ENEL's revenue (5.8% per year) is forecast to grow faster than the Italian market (3.2% per year).
High Growth Revenue: ENEL's revenue (5.8% 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 (17.9%).
Past Performance
How has Enel performed over the past 5 years?
5.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENEL has a large one-off loss of €1.7B impacting its December 31 2020 financial results.
Growing Profit Margin: ENEL's current net profit margins (4.2%) are higher than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: ENEL's earnings have grown by 5.1% per year over the past 5 years.
Accelerating Growth: ENEL's earnings growth over the past year (20.1%) exceeds its 5-year average (5.1% per year).
Earnings vs Industry: ENEL earnings growth over the past year (20.1%) exceeded the Electric Utilities industry 5.7%.
Return on Equity
High ROE: ENEL's Return on Equity (8.6%) is considered low.
Financial Health
How is Enel's financial position?
Financial Position Analysis
Short Term Liabilities: ENEL's short term assets (€34.6B) do not cover its short term liabilities (€41.8B).
Long Term Liabilities: ENEL's short term assets (€34.6B) do not cover its long term liabilities (€79.3B).
Debt to Equity History and Analysis
Debt Level: ENEL's debt to equity ratio (134.7%) is considered high.
Reducing Debt: ENEL's debt to equity ratio has increased from 102.8% to 134.7% over the past 5 years.
Debt Coverage: ENEL's debt is well covered by operating cash flow (20.2%).
Interest Coverage: ENEL's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
Dividend
What is Enel current dividend yield, its reliability and sustainability?
4.26%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ENEL's dividend (4.26%) is higher than the bottom 25% of dividend payers in the Italian market (1.38%).
High Dividend: ENEL's dividend (4.26%) is in the top 25% of dividend payers in the Italian market (4%)
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: With its high payout ratio (137.7%), ENEL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ENEL's dividends in 3 years are forecast to be covered by earnings (69.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.5yrs
Average management tenure
CEO
Francesco Starace (65 yo)
6.92yrs
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 (6.5 years average tenure).
Board Members
Experienced Board: ENEL's board of directors are not considered experienced ( 1.4 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 company bio, 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: €87.924b
- Shares outstanding: 10.16b
- Website: https://www.enel.com
Number of Employees
Location
- Enel SpA
- Viale Regina Margherita, 137
- Rome
- Rome
- 198
- Italy
Listings
Biography
Enel SpA operates as an integrated electricity and gas operator worldwide. The company generates, transmits, distributes, purchases, transports, and sells electricity; transports and markets natural gas; s...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/09 17:33 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.