Company Valuation: Enel S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 84,112 71,600 51,104 68,361 69,925 94,362 94,362 -
Change - -14.88% -28.63% 33.77% 2.29% 34.95% 0% -
Enterprise Value (EV) 1 129,527 123,552 111,172 128,524 125,692 153,562 157,225 160,552
Change - -4.61% -10.02% 15.61% -2.2% 22.17% 2.39% 2.12%
P/E ratio 31.8x 22.7x 33.5x 21x 10.3x 13.8x 13.1x 12.7x
PBR 2.97x 2.41x 1.78x 2.15x 2.07x 2.56x 2.43x 2.3x
PEG - 1.2x -0.6x 0x 0x 8.1x 2.49x 3.53x
Capitalization / Revenue 1.29x 0.81x 0.36x 0.72x 0.89x 1.17x 1.16x 1.14x
EV / Revenue 1.99x 1.4x 0.79x 1.34x 1.59x 1.91x 1.93x 1.95x
EV / EBITDA 7.22x 6.43x 5.65x 5.85x 5.51x 6.7x 6.66x 6.6x
EV / EBIT 15.5x 16.1x 9.93x 9.15x 8.52x 10.3x 10.3x 10.3x
EV / FCF 98.8x -42.2x -19.6x 67.4x 52.3x 29.2x 40.6x 30.6x
FCF Yield 1.01% -2.37% -5.1% 1.48% 1.91% 3.43% 2.46% 3.27%
Dividend per Share 2 0.358 0.38 0.4 0.43 0.47 0.4846 0.5082 0.5311
Rate of return 4.33% 5.39% 7.95% 6.39% 6.83% 5.15% 5.4% 5.65%
EPS 2 0.26 0.31 0.15 0.32 0.67 0.6814 0.7173 0.7431
Distribution rate 138% 123% 267% 134% 70.1% 71.1% 70.8% 71.5%
Net sales 1 64,985 88,006 140,517 95,565 78,947 80,379 81,336 82,512
EBITDA 1 17,940 19,210 19,683 21,969 22,801 22,932 23,617 24,328
EBIT 1 8,368 7,680 11,193 14,042 14,761 14,854 15,260 15,662
Net income 1 2,610 3,189 1,682 3,438 7,016 6,912 7,144 7,341
Net Debt 1 45,415 51,952 60,068 60,163 55,767 59,201 62,863 66,190
Reference price 2 8.276 7.046 5.030 6.730 6.886 9.405 9.405 9.405
Nbr of stocks (in thousands) 10,163,411 10,161,791 10,159,782 10,157,604 10,154,600 10,033,125 10,033,125 -
Announcement Date 18/03/21 17/03/22 16/03/23 21/03/24 13/03/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.8x1.91x6.7x5.15% 109B
53.65x4.57x35.4x0.23% 213B
22.82x9.36x15.47x2.73% 190B
19.58x3.84x11.1x3.77% 149B
29.31x3.72x17.28x0.54% 115B
21.3x6.07x13.27x3.12% 109B
19.67x5.85x11.49x3.31% 103B
20.85x5.25x12.4x2.95% 71.32B
17.6x6.33x12.83x4.22% 55.57B
18.02x3.09x9.8x0.61% 53.46B
Average 23.66x 5.00x 14.57x 2.66% 116.86B
Weighted average by Cap. 26.81x 5.23x 16.77x 2.49%

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