ENEA S.A.

WSE:ENA Stock Report

Market Cap: zł12.1b

ENEA Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ENA (PLN22.84) is trading above our estimate of future cash flow value (PLN12.5)

Significantly Below Future Cash Flow Value: ENA is trading above our estimate of future cash flow value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ENA. This is calculated by dividing ENA's market cap by their current earnings.
What is ENA's PE Ratio?
PE Ratio14.8x
Earningszł816.72m
Market Capzł12.10b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ENA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average58.6x
ENG Energa
15.6xn/azł8.3b
TPE TAURON Polska Energia
5.8x-8.68%zł19.3b
ZEP ZE PAK
199.8x-23.74%zł948.4m
OTTR Otter Tail
13.2x-11.02%US$3.7b
ENA ENEA
14.8x20.57%zł12.1b

Price-To-Earnings vs Peers: ENA is good value based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (58.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ENA 14.8xIndustry Avg. 15.0xNo. of Companies18PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENA is good value based on its Price-To-Earnings Ratio (14.8x) compared to the European Electric Utilities industry average (15x).

Price to Earnings Ratio vs Fair Ratio

What is ENA'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.

ENA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.8x
Fair PE Ratio12.6x

Price-To-Earnings vs Fair Ratio: ENA is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).

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 ENA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł22.84
zł22.90
+0.26%
17.13%zł29.40zł16.99n/a6
Feb ’27zł22.00
zł22.90
+4.08%
17.13%zł29.40zł16.99n/a6
Jan ’27zł19.48
zł22.90
+17.55%
17.13%zł29.40zł16.99n/a6
Dec ’26zł19.95
zł22.90
+14.78%
17.13%zł29.40zł16.99n/a6
Nov ’26zł20.72
zł21.85
+5.43%
19.17%zł29.50zł15.87n/a6
Oct ’26zł17.54
zł20.36
+16.09%
23.73%zł27.90zł13.40n/a6
Sep ’26zł17.51
zł20.03
+14.38%
24.19%zł27.90zł13.40n/a6
Aug ’26zł18.59
zł20.03
+7.74%
24.19%zł27.90zł13.40n/a6
Jul ’26zł20.54
zł17.75
-13.61%
14.88%zł21.30zł13.40n/a6
Jun ’26zł17.19
zł17.35
+0.90%
14.17%zł21.30zł13.40n/a6
May ’26zł14.26
zł14.83
+3.99%
15.99%zł17.50zł10.50n/a6
Apr ’26zł15.80
zł14.06
-11.00%
15.51%zł17.00zł10.50n/a6
Mar ’26zł13.74
zł13.05
-5.02%
19.10%zł17.00zł9.80n/a6
Feb ’26zł13.99
zł12.79
-8.58%
19.91%zł17.00zł9.20zł22.007
Jan ’26zł12.91
zł12.79
-0.93%
19.91%zł17.00zł9.20zł19.487
Dec ’25zł11.59
zł13.78
+18.86%
36.05%zł22.45zł5.78zł19.957
Nov ’25zł11.14
zł12.95
+16.22%
36.54%zł22.45zł5.78zł20.727
Oct ’25zł11.50
zł12.95
+12.58%
36.54%zł22.45zł5.78zł17.547
Sep ’25zł10.59
zł12.86
+21.40%
28.30%zł18.16zł5.78zł17.516
Aug ’25zł10.96
zł12.86
+17.31%
28.30%zł18.16zł5.78zł18.596
Jul ’25zł10.63
zł14.27
+34.26%
13.79%zł18.16zł12.80zł20.545
Jun ’25zł10.27
zł13.30
+29.50%
2.55%zł13.70zł12.80zł17.194
May ’25zł8.47
zł11.00
+29.87%
28.58%zł13.50zł5.70zł14.264
Apr ’25zł9.36
zł12.05
+28.74%
11.92%zł13.50zł9.90zł15.804
Mar ’25zł9.76
zł12.05
+23.53%
11.92%zł13.50zł9.90zł13.744
Feb ’25zł9.73
zł13.10
+34.70%
16.06%zł15.80zł9.90zł13.994
zł22.9
Fair Value
0.3% undervalued intrinsic discount
6
Number of Analysts

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 Analysis2026/02/15 22:46
End of Day Share Price 2026/02/13 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

ENEA S.A. is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kamil KliszczBiuro maklerskie mBanku
Piotr DzieciolowskiCitigroup Inc
Tomasz KrukowskiDeutsche Bank