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 41,752 - -
Change - -12.7% 4.67% 12.52% 45.11% 30.87% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 42,013 52,689 54,369 55,406
Change - -4.9% 1.38% 4.47% 34.3% 25.41% 3.19% 1.91%
P/E 14.9x 7.35x 26.4x 11.7x 14.6x 17.4x 17x 16.6x
PBR 3.97x 3.36x 2.78x 2.43x 4.43x 4.65x 4.45x 4.21x
PEG - 0.1x -0.4x 0x 0.8x 1.88x 9.11x 6.97x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.91x 1.92x 1.91x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.96x 2.41x 2.5x 2.53x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 7.3x 8.78x 8.95x 8.89x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 12.6x 14.5x 14.9x 14.8x
EV / FCF 57.6x -64.2x 12.4x 18.2x 19x 33.3x 38.1x 38.1x
FCF Yield 1.74% -1.56% 8.06% 5.5% 5.25% 3% 2.63% 2.63%
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% 4.11% 4.31% 4.45%
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 39.84 39.84 39.84
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.38x2.41x8.79x4.12% 47.75B
34.44x6.06x44.29x0.19% 284B
22.28x9.31x15.39x2.77% 186B
21.07x4.27x11.59x3.44% 157B
14.11x2x7.01x5.07% 117B
21.27x5.94x13.13x3.21% 107B
18.41x5.62x11.29x3.53% 96.93B
21.07x3.22x12.64x0.65% 92.17B
20.76x5.28x12.67x2.92% 72.09B
19.71x6.45x13.81x3.76% 62.42B
Average 21.05x 5.05x 15.06x 2.96% 122.11B
Weighted average by Cap. 23.27x 5.51x 19.58x 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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