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 43,297 - -
Change - -12.7% 4.67% 12.52% 45.11% 35.71% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 42,013 54,165 55,766 56,796
Change - -4.9% 1.38% 4.47% 34.3% 28.92% 2.96% 1.85%
P/E 14.9x 7.35x 26.4x 11.7x 14.6x 17.9x 17.9x 17.6x
PBR 3.97x 3.36x 2.78x 2.43x 4.43x 5.03x 4.67x 4.41x
PEG - 0.1x -0.4x 0x 0.8x 1.4x 1,143.87x 9.96x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.95x 2.01x 2x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.96x 2.44x 2.59x 2.62x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 7.3x 8.93x 9.14x 9.1x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 12.6x 14.7x 15.1x 15.1x
EV / FCF 57.6x -64.2x 12.4x 18.2x 19x 32.2x 34.1x 43.7x
FCF Yield 1.74% -1.56% 8.06% 5.5% 5.25% 3.1% 2.93% 2.29%
Dividend per Share 2 1.437 1.585 1 1.318 1.32 1.714 1.751 1.8
Rate of return 7.11% 8.99% 5.42% 6.34% 4.31% 4.05% 4.14% 4.25%
EPS 2 1.36 2.4 0.7 1.78 2.1 2.364 2.365 2.407
Distribution rate 106% 66.1% 143% 74% 62.9% 72.5% 74% 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 3,684 3,691 3,770
Net income 1 1,435 2,541 742 1,888 2,198 2,474 2,393 2,416
Net Debt 1 9,675 10,869 10,405 9,298 10,110 10,868 12,469 13,499
Reference price 2 20.20 17.64 18.46 20.77 30.63 42.30 42.30 42.30
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.89x2.44x8.93x4.05% 50.25B
29.67x4.99x36.54x0.22% 243B
20.33x8.93x15.27x3.01% 171B
20.03x4.1x11.3x3.58% 153B
13.04x1.88x6.69x5.44% 109B
19.74x5.8x12.67x3.43% 102B
21.78x3.36x13.64x0.62% 98.05B
17.82x5.54x11.16x3.62% 93.76B
19.21x5.08x12.28x3.15% 66.59B
18.28x6.19x13.01x4.07% 57.65B
Average 19.78x 4.83x 14.15x 3.12% 114.3B
Weighted average by Cap. 21.17x 5.10x 17.17x 2.71%

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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