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Endesa SA ELE

Morningstar Rating
€19.01 +0.12 (0.64%)
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Company Report

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

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.

Price vs Fair Value

ELE is trading at a 842% premium.
Price
€19.01
Fair Value
€31.00
Uncertainty
Medium
1-Star Price
€18.00
5-Star Price
€62.00
Economic Moat
Crfc
Capital Allocation
Rvrxrgls

Bulls Say, Bears Say

Bulls

Increasing renewable capacity should improve the electricity margins.

Bears

The absence of an international footprint implies full exposure to the competitive renewables Spanish market and an adverse regulatory backdrop.

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News

Trading Information

Previous Close Price
€18.89
Day Range
€18.8019.10
52-Week Range
€15.8521.51
Bid/Ask
/
Market Cap
€20.11 Bil
Volume/Avg
1.2 Mil / 1.5 Mil

Key Statistics

Price/Earnings (Normalized)
26.43
Price/Sales
0.80
Dividend Yield (Trailing)
10.97%
Dividend Yield (Forward)
10.97%
Total Yield
11.07%

Company Profile

Endesa generates, distributes, and supplies electricity in Spain and Portugal. The company has 22 gigawatts of installed generation capacity split among hydroelectric, nuclear, coal, natural gas, oil, solar, and wind. Endesa also supplies gas to retail and business customers in Spain and France.
Sector
Utilities
Industry
Utilities - Regulated Electric
Stock Style Box
Large Value
Total Number of Employees
9,097

Competitors

Valuation

Metric
ELE
NTGY
IBE
Price/Earnings (Normalized)
26.439.8513.07
Price/Book Value
2.872.101.43
Price/Sales
0.800.871.68
Price/Cash Flow
5.4616.357.66
Price/Earnings
ELE
NTGY
IBE

Financial Strength

Metric
ELE
NTGY
IBE
Quick Ratio
0.871.020.60
Current Ratio
1.101.220.77
Interest Coverage
6.615.104.98
Quick Ratio
ELE
NTGY
IBE

Profitability

Metric
ELE
NTGY
IBE
Return on Assets (Normalized)
4.12%6.86%4.79%
Return on Equity (Normalized)
35.63%30.46%14.40%
Return on Invested Capital (Normalized)
10.95%11.21%7.51%
Return on Assets
ELE
NTGY
IBE
See how this stock stacks up to its competitors with Morningstar Investor

Utilities - Regulated Electric Industry Comparables

1-Day Chart
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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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Dominion Energy Inc
D
DnfmnnxkNjzdj$41.8 Bil
Public Service Enterprise Group Inc
PEG
KjwzmsmLcjwt$36.6 Bil
Exelon Corp
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Consolidated Edison Inc
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CkdkvtdpMwsjl$31.3 Bil

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