Morningstar

Enel SpA ENEL

Morningstar Rating
Unlock
Stock XMIL Rating as of
€8.67 −0.08 (0.90%)
View Full Chart
As of Delayed Price Closed

Company Report

View Archive

Return to Aggressive Renewables Expansion Implies Some Risk for Enel

Tancrede Fulop

Enel is the largest European utility in terms of earnings. The Italian government owns 24% of it. It is an integrated utility operating mainly in Italy, Spain through its subsidiary Endesa, and in Latin America. The grid business accounts for around 35% of the earnings. The rest comes from generation and supply. The power generation mix is dominated by renewables, with hydro, solar, and wind accounting for two-thirds of its capacity.

Read Analysis

Price vs Fair Value

View History
ENEL is trading at a LOCK|^!<Tg premium.
Price
€8.67
Fair Value
T.?
Uncertainty
LOCK|V>Q$
1-Star Price
LOCK|.Y<F
5-Star Price
LOCK|#>
Economic Moat
LOCK|NSn
Capital Allocation
LOCK|!s^@^V

Bulls Say, Bears Say

Bulls

The disposal plan has materially reduced the company's leverage, which has been a historical concern for investors. The recovered financial headroom implies a potential additional share buyback.

Bears

The return to aggressive renewables expansion increases execution risk and negative exposure to higher interest rates.

Show More

News

View All

Trading Information

Previous Close Price
€8.75
Day Range
€8.64–8.80
52-Week Range
€8.11–10.31
Bid/Ask
€8.66 / €8.70
Shares Outstanding
9.92B
Market Cap
€85.99B
Volume/Avg
21M / 18M

Key Statistics

Price/Earnings (Normalized)
24.27
Price/Sales
1.28
Dividend Yield (Trailing)
5.65%
Dividend Yield (Forward)
6.00%
Dividend Payment Schedule
Jan, Jul
Total Yield
9.53%

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 56 GW is renewables, including a large share of hydro.
Sector
Utilities
Industry
Utilities - Diversified
Stock Style Box
Large Value
Total Number of Employees
61,900
Website
https://www.enel.com

Competitors

Valuation

View More
Metric
ENEL
IBE
RWE
Price/Earnings (Normalized)
 24.2724.0813.20
Price/Book Value
 3.482.311.15
Price/Sales
 1.283.272.74
Price/Cash Flow
 5.7011.255.89
Price/Earnings
ENEL
IBE
RWE

Financial Strength

Metric
ENEL
IBE
RWE
Quick Ratio
 0.470.620.69
Current Ratio
 0.720.751.35
Interest Coverage
 3.824.548.86
Quick Ratio
ENEL
IBE
RWE

Profitability

Metric
ENEL
IBE
RWE
Return on Assets (Normalized)
 3.87%4.15%3.81%
Return on Equity (Normalized)
 28.01%11.96%11.41%
Return on Invested Capital (Normalized)
 7.56%6.96%4.88%
Return on Assets
ENEL
IBE
RWE

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
—LOCK|zV$157B
 Iberdrola SA ADR
IBDRY
LOCK|&J^t%%#LOCK|!nP$157B
 Enel SpA
ESOCF
LOCK|pTlXc#LOCK|@BB$97B
 Enel SpA ADR
ENLAY
LOCK|YP<f>!LOCK|vs>$97B
 Engie SA ADR
ENGIY
LOCK|n#B><lLOCK|>$f$65B
 Engie SA
ENGQF
—LOCK|<hf$65B
 RWE AG Class A
RWNFF
—LOCK|&&$52B
 RWE AG ADR
RWEOY
LOCK|c#&G!@>LOCK|by$52B
 Sempra
SRE
LOCK|>Q$&&&sLOCK|^Qqj$51B
 The AES Corp
AES
LOCK|>c@$pXmLOCK|V!$11B

Sponsor Center