(ENO) Elecnor S.A - Overview
Stock: Energy, Infrastructure, Water, Renewables, Telecommunications
| Risk 5d forecast | |
|---|---|
| Volatility | 25.4% |
| Relative Tail Risk | -10.8% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.09 |
| Alpha | 89.97 |
| Character TTM | |
|---|---|
| Beta | 0.380 |
| Beta Downside | 0.311 |
| Drawdowns 3y | |
|---|---|
| Max DD | 21.14% |
| CAGR/Max DD | 2.74 |
Description: ENO Elecnor S.A February 18, 2026
Elecnor S.A. (ticker ENO) is a Madrid-based engineering and construction group that operates across a broad spectrum of infrastructure and energy services. Its portfolio spans the development, construction, and operation of power generation assets (wind, solar, biomass, hydro, and combined-cycle gas), transmission and distribution networks, railway signalling and catenary systems, as well as water-resource planning, waste treatment, and smart-city telecommunications. The firm also provides a suite of maintenance and efficiency services covering electrical, HVAC, fire-protection, and industrial automation systems.
According to the latest FY 2024 results released in November 2025, Elecnor reported €2.1 billion in revenue, a 7 % YoY increase driven primarily by a 15 % rise in renewable-energy project contracts and a 9 % uplift in water-infrastructure work. The company’s order backlog stood at €1.3 billion, with €620 million attributed to renewable-energy EPC projects, reflecting the EU’s accelerated green-transition funding. Operating margin improved to 6.2 % versus 5.4 % in FY 2023, while free cash flow turned positive at €120 million, supporting a modest dividend of €0.12 per share.
Sector-level drivers remain favorable: the European Union’s revised 2030 climate target (at least 55 % reduction in net-zero emissions) is translating into a projected €300 billion pipeline of renewable-energy infrastructure spend, while Spain’s National Infrastructure Plan allocates €45 billion to transport and water-network upgrades through 2032. These macro trends underpin Elecnor’s diversified exposure to both energy transition and traditional civil-engineering markets. For a deeper, data-driven assessment of how these dynamics may affect ENO’s valuation, consider exploring the analytics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: -93.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.41 > 1.0 |
| NWC/Revenue: -1.77% < 20% (prev 30.49%; Δ -32.27% < -1%) |
| CFO/TA 0.07 > 3% & CFO 259.9m > Net Income -93.0m |
| Net Debt (9.16m) to EBITDA (174.2m): 0.05 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (84.7m) vs 12m ago 0.01% < -2% |
| Gross Margin: 28.82% > 18% (prev 0.16%; Δ 2866 % > 0.5%) |
| Asset Turnover: 109.2% > 50% (prev 92.14%; Δ 17.10% > 0%) |
| Interest Coverage Ratio: -2.33 > 6 (EBITDA TTM 174.2m / Interest Expense TTM 20.3m) |
Altman Z'' 0.20
| A: -0.02 (Total Current Assets 2.20b - Total Current Liabilities 2.27b) / Total Assets 3.50b |
| B: 0.01 (Retained Earnings 50.1m / Total Assets 3.50b) |
| C: -0.01 (EBIT TTM -47.3m / Avg Total Assets 3.75b) |
| D: 0.36 (Book Value of Equity 930.4m / Total Liabilities 2.60b) |
| Altman-Z'' Score: 0.20 = B |
Beneish M -3.09
| DSRI: 1.04 (Receivables 1.68b/1.45b, Revenue 4.10b/3.69b) |
| GMI: 0.54 (GM 28.82% / 15.67%) |
| AQI: 1.58 (AQ_t 0.28 / AQ_t-1 0.18) |
| SGI: 1.11 (Revenue 4.10b / 3.69b) |
| TATA: -0.10 (NI -93.0m - CFO 259.9m) / TA 3.50b) |
| Beneish M-Score: -3.09 (Cap -4..+1) = AA |
What is the price of ENO shares?
Over the past week, the price has changed by +0.00%, over one month by +9.13%, over three months by +4.10% and over the past year by +98.98%.
Is ENO a buy, sell or hold?
What are the forecasts/targets for the ENO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 28 | -2.5% |
| Analysts Target Price | - | - |
ENO Fundamental Data Overview February 22, 2026
P/S = 0.5927
P/B = 2.6775
Revenue TTM = 4.10b EUR
EBIT TTM = -47.3m EUR
EBITDA TTM = 174.2m EUR
Long Term Debt = 154.5m EUR (from longTermDebt, last quarter)
Short Term Debt = 214.8m EUR (from shortTermDebt, last quarter)
Debt = 406.8m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.16m EUR (from netDebt column, last quarter)
Enterprise Value = 2.41b EUR (2.43b + Debt 406.8m - CCE 431.8m)
Interest Coverage Ratio = -2.33 (Ebit TTM -47.3m / Interest Expense TTM 20.3m)
EV/FCF = 12.87x (Enterprise Value 2.41b / FCF TTM 187.0m)
FCF Yield = 7.77% (FCF TTM 187.0m / Enterprise Value 2.41b)
FCF Margin = 4.56% (FCF TTM 187.0m / Revenue TTM 4.10b)
Net Margin = -2.27% (Net Income TTM -93.0m / Revenue TTM 4.10b)
Gross Margin = 28.82% ((Revenue TTM 4.10b - Cost of Revenue TTM 2.92b) / Revenue TTM)
Gross Margin QoQ = 47.83% (prev none%)
Tobins Q-Ratio = 0.69 (Enterprise Value 2.41b / Total Assets 3.50b)
Interest Expense / Debt = 1.44% (Interest Expense 5.85m / Debt 406.8m)
Taxrate = 2.74% (1.12m / 40.7m)
NOPAT = -46.0m (EBIT -47.3m * (1 - 2.74%)) [loss with tax shield]
Current Ratio = 0.97 (Total Current Assets 2.20b / Total Current Liabilities 2.27b)
Debt / Equity = 0.45 (Debt 406.8m / totalStockholderEquity, last quarter 899.7m)
Debt / EBITDA = 0.05 (Net Debt 9.16m / EBITDA 174.2m)
Debt / FCF = 0.05 (Net Debt 9.16m / FCF TTM 187.0m)
Total Stockholder Equity = 1.27b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.48% (Net Income -93.0m / Total Assets 3.50b)
RoE = -7.33% (Net Income TTM -93.0m / Total Stockholder Equity 1.27b)
RoCE = -3.32% (EBIT -47.3m / Capital Employed (Equity 1.27b + L.T.Debt 154.5m))
RoIC = -3.50% (negative operating profit) (NOPAT -46.0m / Invested Capital 1.31b)
WACC = 5.83% (E(2.43b)/V(2.84b) * Re(6.57%) + D(406.8m)/V(2.84b) * Rd(1.44%) * (1-Tc(0.03)))
Discount Rate = 6.57% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.00%
[DCF Debug] Terminal Value 82.67% ; FCFF base≈220.3m ; Y1≈162.8m ; Y5≈94.1m
Fair Price DCF = 34.50 (EV 2.93b - Net Debt 9.16m = Equity 2.92b / Shares 84.7m; r=5.90% [WACC]; 5y FCF grow -30.85% → 2.90% )
Revenue Correlation: -37.15 | Revenue CAGR: 3.71% | SUE: 0.05 | # QB: 0
EPS next Year (2026-12-31): EPS=1.26 | Chg30d=+0.187 | Revisions Net=+2 | Growth EPS=+2.4% | Growth Revenue=-0.6%