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Enel SpA ENEL

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Stock XMIL Rating as of
€6.63 +0.04 (0.67%)
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Company Report

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European Utilities Edged Up in Q2 on Soaring Power Prices, High Interest Rates Still a Drag

Tancrede Fulop

Utilities have reversed part of their first quarter’s fall, thanks to a strong rebound in power prices. Moreover, the deep undervaluation of renewables developers has driven takeovers by big investment firms at very high multiples. Neoen’s main shareholders accepted an offer at 18 times the EBITDA. The sector is still significantly lagging the market in 2024 because of high interest rates. Should they fall, it would boost the sector.

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Price vs Fair Value

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ENEL is trading at a 66% premium.
Price
€6.59
Fair Value
€9.70
Uncertainty
Medium
1-Star Price
€33.77
5-Star Price
€6.19
Economic Moat
Jkvf
Capital Allocation
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Bulls Say, Bears Say

Bulls

The disposal plan and exit of noncore countries could help to reduce the holding discount.

Bears

Regulation in Spain is very hostile to utilities.

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Trading Information

Previous Close Price
€6.59
Day Range
€6.61–6.68
52-Week Range
€5.47–6.89
Bid/Ask
€6.63 / €6.63
Market Cap
€67.30 Bil
Volume/Avg
7.6 Mil / 26.7 Mil

Key Statistics

Price/Earnings (Normalized)
9.49
Price/Sales
0.76
Dividend Yield (Trailing)
6.30%
Dividend Yield (Forward)
6.53%
Total Yield
6.33%

Company Profile

Enel is a diversified energy company domiciled in Italy. Operations are concentrated in Italy, Spain, and Latin America. The firm's primary activities are electric generation, electric networks, and gas and electricity marketing. Around 35% of the company's EBITDA is derived from its regulated networks, the rest is from generation and supply. Enel is a giant in global power generation with 81 gigawatts of capacity, of which 55 GW is renewables, including a large share of hydro.
Sector
Utilities
Industry
Utilities - Diversified
Stock Style Box
Large Value
Total Number of Employees
60,905
Website
https://www.enel.com

Competitors

Valuation

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Metric
ENEL
EOAN
IBE
Price/Earnings (Normalized)
 9.498.4413.10
Price/Book Value
 2.442.121.44
Price/Sales
 0.760.381.69
Price/Cash Flow
 4.398.837.68
Price/Earnings
ENEL
EOAN
IBE

Financial Strength

Metric
ENEL
EOAN
IBE
Quick Ratio
 0.600.840.60
Current Ratio
 0.880.900.77
Interest Coverage
 3.501.174.98
Quick Ratio
ENEL
EOAN
IBE

Profitability

Metric
ENEL
EOAN
IBE
Return on Assets (Normalized)
 3.49%2.65%4.79%
Return on Equity (Normalized)
 26.69%20.30%14.40%
Return on Invested Capital (Normalized)
 7.14%7.77%7.51%
Return on Assets
ENEL
EOAN
IBE
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Utilities - Diversified Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Iberdrola SA
IBDSF
—Cgbwd$81.6 Bil
 Iberdrola SA ADR
IBDRY
SFDVfvbw$81.6 Bil
 Enel SpA
ESOCF
QrrpxtylStw$71.8 Bil
 Enel SpA ADR
ENLAY
PvsrlxkxzHnv$71.8 Bil
 Sempra
SRE
XnqzjgndVcpqqfv$47.6 Bil
 Engie SA ADR
ENGIY
—Zymj$36.1 Bil
 Engie SA
ENGQF
—Bykc$36.1 Bil
 E.ON SE ADR
EONGY
NlzjmywTvq$34.0 Bil
 E.ON SE
ENAKF
—Pgx$34.0 Bil
 The AES Corp
AES
SmbmrsbbmVcx$12.5 Bil

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