ENEL SPA (ENL.DE) Fundamental Analysis & Valuation

FRA:ENL • IT0003128367

9.467 EUR
-0.5 (-5.06%)
Last: Mar 3, 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

ENL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 26 industry peers in the Electric Utilities industry. ENL scores excellent on profitability, but there are concerns on its financial health. ENL has a valuation in line with the averages, but it does not seem to be growing. Finally ENL also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. ENL.DE Profitability Analysis

1.1 Basic Checks

  • In the past year ENL was profitable.
  • ENL had a positive operating cash flow in the past year.
  • ENL had positive earnings in each of the past 5 years.
  • ENL had a positive operating cash flow in each of the past 5 years.
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

  • ENL's Return On Assets of 5.59% is fine compared to the rest of the industry. ENL outperforms 73.08% of its industry peers.
  • ENL has a Return On Equity of 29.11%. This is amongst the best in the industry. ENL outperforms 88.46% of its industry peers.
  • The Return On Invested Capital of ENL (9.13%) is better than 80.77% of its industry peers.
  • ENL had an Average Return On Invested Capital over the past 3 years of 5.54%. This is in line with the industry average of 6.40%.
  • 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: 69.23% of the companies in the same industry are doing better.
  • ENL's Profit Margin has improved in the last couple of years.
  • With a Operating Margin value of 15.91%, ENL is not doing good in the industry: 61.54% of the companies in the same industry are doing better.
  • In the last couple of years the Operating Margin of ENL has grown nicely.
  • ENL has a Gross Margin (57.91%) which is comparable to the rest of the industry.
  • 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ENL 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 1.51, we must say that ENL is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of ENL (1.51) is better than 61.54% of its industry peers.
  • 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 has a Debt to FCF ratio of 17.81. This is in the better half of the industry: ENL outperforms 69.23% 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 69.23% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.69
Debt/FCF 17.81
Altman-Z 1.51
ROIC/WACC1.37
WACC6.68%
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

  • ENL has a Current 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.
  • The Current ratio of ENL (0.79) is worse than 69.23% 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's Quick ratio of 0.71 is on the low side compared to the rest of the industry. ENL is outperformed by 61.54% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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%.
  • The Earnings Per Share has been growing by 8.23% on average over the past years. This is quite good.
  • Looking at the last year, ENL shows a very negative growth in Revenue. The Revenue has decreased by -20.42% in the last year.
  • ENL shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.91% yearly.
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 2.06% on average over the next years.
  • The Revenue is expected to grow by 1.88% on average over the next years.
EPS Next Y3.02%
EPS Next 2Y3.39%
EPS Next 3Y3.37%
EPS Next 5Y2.06%
Revenue Next Year-9.97%
Revenue Next 2Y-4.54%
Revenue Next 3Y-2.53%
Revenue Next 5Y1.88%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

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4. ENL.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 14.13 indicates a correct valuation of ENL.
  • Based on the Price/Earnings ratio, ENL is valued a bit cheaper than the industry average as 73.08% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of ENL to the average of the S&P500 Index (26.83), we can say ENL is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 12.97, ENL is valued correctly.
  • Based on the Price/Forward Earnings ratio, ENL is valued cheaper than 80.77% of the companies in the same industry.
  • ENL's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.95.
Industry RankSector Rank
PE 14.13
Fwd PE 12.97
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ENL indicates a rather cheap valuation: ENL is cheaper than 88.46% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENL indicates a somewhat cheap valuation: ENL is cheaper than 76.92% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 26.06
EV/EBITDA 5.87
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)4.68
PEG (5Y)1.72
EPS Next 2Y3.39%
EPS Next 3Y3.37%

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7

5. ENL.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.82%, ENL is a good candidate for dividend investing.
  • ENL's Dividend Yield is rather good when compared to the industry average which is at 2.95. ENL pays more dividend than 84.62% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, ENL pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.82%

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

  • ENL pays out 52.39% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of ENL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP52.39%
EPS Next 2Y3.39%
EPS Next 3Y3.37%
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 (3/3/2026, 7:00:00 PM)

9.467

-0.5 (-5.06%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-13
Earnings (Next)03-19
Inst Owners29.35%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap96.25B
Revenue(TTM)73.91B
Net Income(TTM)10.03B
Analysts75.76
Price Target9.71 (2.57%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.82%
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)2.81%
PT rev (3m)10.7%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)1.09%
Revenue NY rev (3m)-0.74%
Valuation
Industry RankSector Rank
PE 14.13
Fwd PE 12.97
P/S 0.81
P/FCF 26.06
P/OCF 7.45
P/B 2.79
P/tB 15.62
EV/EBITDA 5.87
EPS(TTM)0.67
EY7.08%
EPS(NY)0.73
Fwd EY7.71%
FCF(TTM)0.36
FCFY3.84%
OCF(TTM)1.27
OCFY13.42%
SpS11.63
BVpS3.39
TBVpS0.61
PEG (NY)4.68
PEG (5Y)1.72
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 1.51
F-Score6
WACC6.68%
ROIC/WACC1.37
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 Y3.02%
EPS Next 2Y3.39%
EPS Next 3Y3.37%
EPS Next 5Y2.06%
Revenue 1Y (TTM)-20.42%
Revenue growth 3Y-3.36%
Revenue growth 5Y-0.91%
Sales Q2Q%-11.02%
Revenue Next Year-9.97%
Revenue Next 2Y-4.54%
Revenue Next 3Y-2.53%
Revenue Next 5Y1.88%
EBIT growth 1Y-20.19%
EBIT growth 3Y28.61%
EBIT growth 5Y3.23%
EBIT Next Year50.82%
EBIT Next 3Y16.92%
EBIT Next 5Y10.33%
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 5 / 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 3.02% in the next year.