Company Valuation: Endesa, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 21,385 18,668 19,540 21,986 31,903 42,468 - -
Change - -12.7% 4.67% 12.52% 45.11% 33.11% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 42,013 53,337 54,932 55,956
Change - -4.9% 1.38% 4.47% 34.3% 26.95% 2.99% 1.86%
P/E 14.9x 7.35x 26.4x 11.7x 14.6x 17.6x 17.6x 17.3x
PBR 3.97x 3.36x 2.78x 2.43x 4.43x 4.93x 4.58x 4.32x
PEG - 0.1x -0.4x 0x 0.8x 1.4x 178.1x 9.84x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.91x 1.97x 1.96x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.96x 2.4x 2.55x 2.59x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 7.3x 8.8x 9x 8.96x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 12.6x 14.5x 14.9x 14.9x
EV / FCF 57.6x -64.2x 12.4x 18.2x 19x 31.7x 33.6x 43.1x
FCF Yield 1.74% -1.56% 8.06% 5.5% 5.25% 3.15% 2.98% 2.32%
Dividend per Share 2 1.437 1.585 1 1.318 1.32 1.708 1.748 1.797
Rate of return 7.11% 8.99% 5.42% 6.34% 4.31% 4.12% 4.21% 4.33%
EPS 2 1.36 2.4 0.7 1.78 2.1 2.358 2.36 2.402
Distribution rate 106% 66.1% 143% 74% 62.9% 72.5% 74.1% 74.8%
Net sales 1 20,899 32,896 25,459 21,307 21,424 22,215 21,562 21,646
EBITDA 1 4,278 5,565 3,777 5,293 5,756 6,064 6,100 6,244
EBIT 1 2,573 3,687 1,645 3,071 3,331 3,680 3,686 3,764
Net income 1 1,435 2,541 742 1,888 2,198 2,464 2,388 2,410
Net Debt 1 9,675 10,869 10,405 9,298 10,110 10,869 12,464 13,489
Reference price 2 20.20 17.64 18.46 20.77 30.63 41.49 41.49 41.49
Nbr of stocks (in thousands) 1,058,669 1,058,590 1,058,517 1,058,550 1,041,573 1,023,564 - -
Announcement Date 22/02/22 24/02/23 28/02/24 22/02/25 23/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.6x2.4x8.8x4.12% 49.6B
31.32x5.31x38.88x0.21% 257B
21.12x9.16x15.62x2.9% 177B
19.79x4.13x11.34x3.61% 152B
13.08x1.89x6.71x5.41% 110B
20.45x5.91x13.06x3.31% 105B
21.48x3.18x13.64x0.63% 96.7B
18.19x5.57x11.23x3.55% 95.66B
19.74x5.13x12.47x3.06% 68.43B
18.82x6.29x13.42x3.96% 59.34B
Average 20.16x 4.90x 14.52x 3.08% 117.2B
Weighted average by Cap. 21.81x 5.23x 18.00x 2.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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