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 42,203 - -
Change - -12.7% 4.67% 12.52% 45.11% 32.28% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 42,013 53,139 54,819 55,856
Change - -4.9% 1.38% 4.47% 34.3% 26.48% 3.16% 1.89%
P/E 14.9x 7.35x 26.4x 11.7x 14.6x 17.5x 17.2x 16.8x
PBR 3.97x 3.36x 2.78x 2.43x 4.43x 4.7x 4.49x 4.25x
PEG - 0.1x -0.4x 0x 0.8x 1.89x 9.21x 7.06x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.93x 1.94x 1.93x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.96x 2.43x 2.52x 2.55x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 7.3x 8.85x 9.03x 8.96x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 12.6x 14.7x 15x 14.9x
EV / FCF 57.6x -64.2x 12.4x 18.2x 19x 33.6x 38.4x 38.4x
FCF Yield 1.74% -1.56% 8.06% 5.5% 5.25% 2.98% 2.61% 2.6%
Dividend per Share 2 1.437 1.585 1 1.318 1.32 1.638 1.716 1.774
Rate of return 7.11% 8.99% 5.42% 6.34% 4.31% 4.07% 4.26% 4.41%
EPS 2 1.36 2.4 0.7 1.78 2.1 2.295 2.337 2.393
Distribution rate 106% 66.1% 143% 74% 62.9% 71.4% 73.4% 74.1%
Net sales 1 20,899 32,896 25,459 21,307 21,424 21,903 21,722 21,909
EBITDA 1 4,278 5,565 3,777 5,293 5,756 6,002 6,071 6,231
EBIT 1 2,573 3,687 1,645 3,071 3,331 3,622 3,653 3,745
Net income 1 1,435 2,541 742 1,888 2,198 2,379 2,372 2,410
Net Debt 1 9,675 10,869 10,405 9,298 10,110 10,937 12,617 13,654
Reference price 2 20.20 17.64 18.46 20.77 30.63 40.27 40.27 40.27
Nbr of stocks (in thousands) 1,058,669 1,058,590 1,058,517 1,058,550 1,041,573 1,047,992 - -
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.($)
17.55x2.43x8.85x4.07% 48.29B
34.52x6.07x44.4x0.19% 284B
22.2x9.29x15.36x2.78% 185B
21.17x4.28x11.63x3.42% 158B
14.12x2x7.01x5.06% 117B
21.41x5.97x13.18x3.19% 107B
18.51x5.63x11.32x3.51% 97.46B
20.61x3.16x12.41x0.67% 90.13B
20.7x5.27x12.65x2.92% 71.9B
19.73x6.46x13.81x3.76% 62.48B
Average 21.05x 5.06x 15.06x 2.96% 122.17B
Weighted average by Cap. 23.28x 5.51x 19.61x 2.53%

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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