Enel SpA

BIT:ENEL Stock Report

Market Cap: €68.9b

Enel Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 ENEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ENEL (€6.7) is trading below our estimate of fair value (€8.49)

Significantly Below Fair Value: ENEL is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ENEL. This is calculated by dividing ENEL's market cap by their current earnings.
What is ENEL's PE Ratio?
PE Ratio12.6x
Earnings€5.40b
Market Cap€68.93b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ENEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.7x
TRN Terna
14.7x1.4%€15.5b
SRG Snam
14x4.6%€14.5b
CEG Constellation Energy
25.2x3.4%US$70.1b
IBE Iberdrola
12.8x-2.6%€82.4b
ENEL Enel
12.6x5.0%€68.0b

Price-To-Earnings vs Peers: ENEL is good value based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (16.7x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ENEL 12.6xIndustry Avg. 12.8xNo. of Companies10PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENEL is good value based on its Price-To-Earnings Ratio (12.6x) compared to the European Electric Utilities industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is ENEL'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.

ENEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.6x
Fair PE Ratio14.5x

Price-To-Earnings vs Fair Ratio: ENEL is good value based on its Price-To-Earnings Ratio (12.6x) compared to the estimated Fair Price-To-Earnings Ratio (14.5x).

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 ENEL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.70
€7.83
+16.9%
8.8%€9.20€6.60n/a22
Nov ’25€7.01
€7.82
+11.5%
9.1%€9.20€6.40n/a22
Oct ’25€7.22
€7.69
+6.5%
9.6%€9.20€6.30n/a22
Sep ’25€6.86
€7.61
+10.9%
9.6%€9.20€6.30n/a22
Aug ’25€6.52
€7.58
+16.3%
9.2%€9.20€6.30n/a23
Jul ’25€6.61
€7.54
+14.1%
9.2%€9.20€6.30n/a22
Jun ’25€6.66
€7.54
+13.3%
9.2%€9.20€6.30n/a22
May ’25€6.18
€7.55
+22.1%
9.0%€9.20€6.30n/a22
Apr ’25€6.12
€7.58
+23.8%
8.0%€9.20€6.50n/a22
Mar ’25€5.89
€7.76
+31.8%
11.8%€10.80€6.50n/a22
Feb ’25€6.20
€7.78
+25.5%
11.6%€10.80€6.50n/a22
Jan ’25€6.73
€7.73
+14.8%
11.4%€10.80€7.00n/a22
Dec ’24€6.51
€7.65
+17.6%
12.4%€10.80€6.50n/a21
Nov ’24€6.03
€7.54
+24.9%
14.1%€10.80€5.30€7.0121
Oct ’24€5.82
€7.55
+29.7%
13.6%€10.80€5.30€7.2222
Sep ’24€6.16
€7.52
+22.1%
13.2%€10.80€5.30€6.8623
Aug ’24€6.21
€7.52
+21.1%
13.2%€10.80€5.30€6.5223
Jul ’24€6.17
€7.42
+20.3%
13.7%€10.80€5.30€6.6123
Jun ’24€5.96
€7.22
+21.2%
17.8%€10.80€3.47€6.6624
May ’24€6.20
€7.09
+14.4%
18.7%€10.80€3.47€6.1823
Apr ’24€5.63
€6.99
+24.3%
20.9%€10.80€3.47€6.1223
Mar ’24€5.20
€7.00
+34.5%
21.4%€10.80€3.47€5.8922
Feb ’24€5.27
€7.01
+32.9%
22.2%€10.80€3.47€6.2021
Jan ’24€5.03
€7.06
+40.3%
21.4%€10.80€3.47€6.7321
Dec ’23€5.25
€7.02
+33.6%
21.6%€10.80€3.47€6.5121
Nov ’23€4.54
€7.40
+62.9%
22.2%€10.80€3.47€6.0320

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

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