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 43,911 - -
Change - -12.7% 4.67% 12.52% 45.11% 37.64% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 42,013 54,779 56,380 57,410
Change - -4.9% 1.38% 4.47% 34.3% 30.38% 2.92% 1.83%
P/E 14.9x 7.35x 26.4x 11.7x 14.6x 18.1x 18.1x 17.8x
PBR 3.97x 3.36x 2.78x 2.43x 4.43x 5.1x 4.74x 4.47x
PEG - 0.1x -0.4x 0x 0.8x 1.4x 1,156.65x 10.08x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.98x 2.04x 2.03x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.96x 2.47x 2.61x 2.65x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 7.3x 9.03x 9.24x 9.19x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 12.6x 14.9x 15.3x 15.2x
EV / FCF 57.6x -64.2x 12.4x 18.2x 19x 32.6x 34.4x 44.2x
FCF Yield 1.74% -1.56% 8.06% 5.5% 5.25% 3.07% 2.9% 2.26%
Dividend per Share 2 1.437 1.585 1 1.318 1.32 1.701 1.751 1.8
Rate of return 7.11% 8.99% 5.42% 6.34% 4.31% 3.97% 4.08% 4.2%
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% 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 42.90 42.90 42.90
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.($)
18.14x2.47x9.03x3.97% 50.67B
30.04x5.06x36.82x0.22% 246B
19.96x8.84x15.07x3.06% 168B
19.81x4.14x11.33x3.58% 152B
12.23x1.82x6.46x5.83% 102B
19.29x5.73x12.56x3.52% 99.2B
20.42x3.19x12.97x0.66% 91.95B
17.46x5.48x11.04x3.7% 91.82B
18.76x5.05x12.2x3.19% 65.7B
17.72x6.09x12.8x4.2% 55.86B
Average 19.38x 4.79x 14.03x 3.19% 112.26B
Weighted average by Cap. 20.96x 5.08x 17.28x 2.76%

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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