ENEL SPA (ENL.DE) Fundamental Analysis & Valuation

FRA:ENL • IT0003128367

9.602 EUR
+0.21 (+2.23%)
Last: Mar 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This ENL.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to ENL. ENL was compared to 27 industry peers in the Electric Utilities industry. ENL scores excellent on profitability, but there are concerns on its financial health. ENL is valued correctly, but it does not seem to be growing. ENL also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. ENL.DE Profitability Analysis

1.1 Basic Checks

  • ENL had positive earnings in the past year.
  • ENL had a positive operating cash flow in the past year.
  • In the past 5 years ENL has always been profitable.
  • Each year in the past 5 years ENL had a positive operating cash flow.
ENL.DE Yearly Net Income VS EBIT VS OCF VS FCFENL.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.59%, ENL is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 29.11%, ENL belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
  • ENL's Return On Invested Capital of 9.13% is amongst the best of the industry. ENL outperforms 81.48% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ENL is in line with the industry average of 6.23%.
  • The 3 year average ROIC (5.54%) for ENL is below the current ROIC(9.13%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.59%
ROE 29.11%
ROIC 9.13%
ROA(3y)2.09%
ROA(5y)1.88%
ROE(3y)12.5%
ROE(5y)11.49%
ROIC(3y)5.54%
ROIC(5y)4.95%
ENL.DE Yearly ROA, ROE, ROICENL.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • With a Profit Margin value of 8.49%, ENL is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • In the last couple of years the Profit Margin of ENL has grown nicely.
  • ENL has a Operating Margin of 15.91%. This is in the lower half of the industry: ENL underperforms 62.96% of its industry peers.
  • ENL's Operating Margin has improved in the last couple of years.
  • ENL has a Gross Margin of 57.91%. This is comparable to the rest of the industry: ENL outperforms 48.15% of its industry peers.
  • In the last couple of years the Gross Margin of ENL has remained more or less at the same level.
Industry RankSector Rank
OM 15.91%
PM (TTM) 8.49%
GM 57.91%
OM growth 3Y33.08%
OM growth 5Y4.17%
PM growth 3Y34.59%
PM growth 5Y27.56%
GM growth 3Y11.91%
GM growth 5Y1.22%
ENL.DE Yearly Profit, Operating, Gross MarginsENL.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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3

2. ENL.DE Health Analysis

2.1 Basic Checks

  • ENL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for ENL remains at a similar level compared to 1 year ago.
  • ENL has about the same amout of shares outstanding than it did 5 years ago.
  • ENL has a better debt/assets ratio than last year.
ENL.DE Yearly Shares OutstandingENL.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B
ENL.DE Yearly Total Debt VS Total AssetsENL.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B 200B

2.2 Solvency

  • Based on the Altman-Z score of 1.49, we must say that ENL is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.49, ENL is in line with its industry, outperforming 59.26% of the companies in the same industry.
  • ENL has a debt to FCF ratio of 17.81. This is a negative value and a sign of low solvency as ENL would need 17.81 years to pay back of all of its debts.
  • ENL's Debt to FCF ratio of 17.81 is amongst the best of the industry. ENL outperforms 81.48% of its industry peers.
  • A Debt/Equity ratio of 1.69 is on the high side and indicates that ENL has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.69, ENL is doing worse than 62.96% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.69
Debt/FCF 17.81
Altman-Z 1.49
ROIC/WACC1.36
WACC6.69%
ENL.DE Yearly LT Debt VS Equity VS FCFENL.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B

2.3 Liquidity

  • A Current Ratio of 0.79 indicates that ENL may have some problems paying its short term obligations.
  • The Current ratio of ENL (0.79) is worse than 74.07% of its industry peers.
  • ENL has a Quick Ratio of 0.79. This is a bad value and indicates that ENL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ENL has a worse Quick ratio (0.71) than 70.37% of its industry peers.
Industry RankSector Rank
Current Ratio 0.79
Quick Ratio 0.71
ENL.DE Yearly Current Assets VS Current LiabilitesENL.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

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3

3. ENL.DE Growth Analysis

3.1 Past

  • ENL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.86%.
  • ENL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.23% yearly.
  • ENL shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.42%.
  • Measured over the past years, ENL shows a decrease in Revenue. The Revenue has been decreasing by -0.91% on average per year.
EPS 1Y (TTM)-3.86%
EPS 3Y8.82%
EPS 5Y8.23%
EPS Q2Q%0%
Revenue 1Y (TTM)-20.42%
Revenue growth 3Y-3.36%
Revenue growth 5Y-0.91%
Sales Q2Q%-11.02%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.04% on average over the next years.
  • ENL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.34% yearly.
EPS Next Y2.75%
EPS Next 2Y3.26%
EPS Next 3Y3.34%
EPS Next 5Y3.04%
Revenue Next Year-10.1%
Revenue Next 2Y-4.67%
Revenue Next 3Y-2.58%
Revenue Next 5Y1.34%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ENL.DE Yearly Revenue VS EstimatesENL.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B 80B 100B
ENL.DE Yearly EPS VS EstimatesENL.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.2 0.4 0.6 0.8

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4. ENL.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 14.33 indicates a correct valuation of ENL.
  • Based on the Price/Earnings ratio, ENL is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
  • ENL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.25.
  • The Price/Forward Earnings ratio is 13.19, which indicates a correct valuation of ENL.
  • ENL's Price/Forward Earnings ratio is rather cheap when compared to the industry. ENL is cheaper than 81.48% of the companies in the same industry.
  • ENL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.39, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.33
Fwd PE 13.19
ENL.DE Price Earnings VS Forward Price EarningsENL.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ENL is valued cheaper than 85.19% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, ENL is valued cheaper than 81.48% of the companies in the same industry.
Industry RankSector Rank
P/FCF 26.43
EV/EBITDA 5.65
ENL.DE Per share dataENL.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ENL does not grow enough to justify the current Price/Earnings ratio.
  • ENL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.21
PEG (5Y)1.74
EPS Next 2Y3.26%
EPS Next 3Y3.34%

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7

5. ENL.DE Dividend Analysis

5.1 Amount

  • ENL has a Yearly Dividend Yield of 5.18%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.94, ENL pays a better dividend. On top of this ENL pays more dividend than 96.30% of the companies listed in the same industry.
  • ENL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.18%

5.2 History

  • The dividend of ENL has a limited annual growth rate of 5.33%.
Dividend Growth(5Y)5.33%
Div Incr Years3
Div Non Decr Years3
ENL.DE Yearly Dividends per shareENL.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 52.39% of the earnings are spent on dividend by ENL. This is a bit on the high side, but may be sustainable.
  • ENL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP52.39%
EPS Next 2Y3.26%
EPS Next 3Y3.34%
ENL.DE Yearly Income VS Free CF VS DividendENL.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B -4B 6B
ENL.DE Dividend Payout.ENL.DE Dividend Payout, showing the Payout Ratio.ENL.DE Dividend Payout.PayoutRetained Earnings

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ENL.DE Fundamentals: All Metrics, Ratios and Statistics

ENEL SPA

FRA:ENL (3/10/2026, 7:00:00 PM)

9.602

+0.21 (+2.23%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-13
Earnings (Next)03-19
Inst Owners29.24%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap97.62B
Revenue(TTM)73.91B
Net Income(TTM)10.03B
Analysts75.76
Price Target9.71 (1.12%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.18%
Yearly Dividend0.5
Dividend Growth(5Y)5.33%
DP52.39%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.07%
Min EPS beat(2)-7.1%
Max EPS beat(2)6.95%
EPS beat(4)3
Avg EPS beat(4)3.6%
Min EPS beat(4)-7.1%
Max EPS beat(4)13.49%
EPS beat(8)4
Avg EPS beat(8)-2.85%
EPS beat(12)6
Avg EPS beat(12)37.83%
EPS beat(16)7
Avg EPS beat(16)25.14%
Revenue beat(2)1
Avg Revenue beat(2)-1.62%
Min Revenue beat(2)-13.98%
Max Revenue beat(2)10.73%
Revenue beat(4)1
Avg Revenue beat(4)-13.14%
Min Revenue beat(4)-46.57%
Max Revenue beat(4)10.73%
Revenue beat(8)1
Avg Revenue beat(8)-22.78%
Revenue beat(12)5
Avg Revenue beat(12)28.36%
Revenue beat(16)9
Avg Revenue beat(16)52.71%
PT rev (1m)1.22%
PT rev (3m)5.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.26%
EPS NY rev (3m)0.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.95%
Revenue NY rev (3m)1.77%
Valuation
Industry RankSector Rank
PE 14.33
Fwd PE 13.19
P/S 0.83
P/FCF 26.43
P/OCF 7.56
P/B 2.83
P/tB 15.84
EV/EBITDA 5.65
EPS(TTM)0.67
EY6.98%
EPS(NY)0.73
Fwd EY7.58%
FCF(TTM)0.36
FCFY3.78%
OCF(TTM)1.27
OCFY13.23%
SpS11.63
BVpS3.39
TBVpS0.61
PEG (NY)5.21
PEG (5Y)1.74
Graham Number7.15
Profitability
Industry RankSector Rank
ROA 5.59%
ROE 29.11%
ROCE 13.99%
ROIC 9.13%
ROICexc 9.69%
ROICexgc 12.45%
OM 15.91%
PM (TTM) 8.49%
GM 57.91%
FCFM 3.12%
ROA(3y)2.09%
ROA(5y)1.88%
ROE(3y)12.5%
ROE(5y)11.49%
ROIC(3y)5.54%
ROIC(5y)4.95%
ROICexc(3y)6.14%
ROICexc(5y)5.49%
ROICexgc(3y)7.92%
ROICexgc(5y)7.19%
ROCE(3y)8.82%
ROCE(5y)7.93%
ROICexgc growth 3Y26.67%
ROICexgc growth 5Y0.76%
ROICexc growth 3Y28.19%
ROICexc growth 5Y2.12%
OM growth 3Y33.08%
OM growth 5Y4.17%
PM growth 3Y34.59%
PM growth 5Y27.56%
GM growth 3Y11.91%
GM growth 5Y1.22%
F-Score6
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 1.69
Debt/FCF 17.81
Debt/EBITDA 2.22
Cap/Depr 124.52%
Cap/Sales 7.8%
Interest Coverage 3.82
Cash Conversion 49.27%
Profit Quality 36.81%
Current Ratio 0.79
Quick Ratio 0.71
Altman-Z 1.49
F-Score6
WACC6.69%
ROIC/WACC1.36
Cap/Depr(3y)147.18%
Cap/Depr(5y)143.04%
Cap/Sales(3y)12.42%
Cap/Sales(5y)13.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.86%
EPS 3Y8.82%
EPS 5Y8.23%
EPS Q2Q%0%
EPS Next Y2.75%
EPS Next 2Y3.26%
EPS Next 3Y3.34%
EPS Next 5Y3.04%
Revenue 1Y (TTM)-20.42%
Revenue growth 3Y-3.36%
Revenue growth 5Y-0.91%
Sales Q2Q%-11.02%
Revenue Next Year-10.1%
Revenue Next 2Y-4.67%
Revenue Next 3Y-2.58%
Revenue Next 5Y1.34%
EBIT growth 1Y-20.19%
EBIT growth 3Y28.61%
EBIT growth 5Y3.23%
EBIT Next Year50.7%
EBIT Next 3Y16.92%
EBIT Next 5Y11.23%
FCF growth 1Y472.65%
FCF growth 3YN/A
FCF growth 5Y8.94%
OCF growth 1Y0.23%
OCF growth 3Y10.07%
OCF growth 5Y3.28%

ENEL SPA / ENL.DE FAQ

What is the fundamental rating for ENL stock?

ChartMill assigns a fundamental rating of 5 / 10 to ENL.DE.


What is the valuation status of ENEL SPA (ENL.DE) stock?

ChartMill assigns a valuation rating of 6 / 10 to ENEL SPA (ENL.DE). This can be considered as Fairly Valued.


What is the profitability of ENL stock?

ENEL SPA (ENL.DE) has a profitability rating of 7 / 10.


How financially healthy is ENEL SPA?

The financial health rating of ENEL SPA (ENL.DE) is 3 / 10.


What is the expected EPS growth for ENEL SPA (ENL.DE) stock?

The Earnings per Share (EPS) of ENEL SPA (ENL.DE) is expected to grow by 2.75% in the next year.