ENEL Stock Analysis: Enel | MI
Utilities - Diversified | MI, Italy | Market Cap: 93.849m EUR | 12M Return: 26% | IT0003128367 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 154M
EPS Trend: -20.6%
Qual. Beats: 0
Rev. Trend: -93.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Enel SpA is an Italian-headquartered, globally integrated electric and gas utility operating across generation, transmission, distribution, and retail. Its business is structured around four segments: Thermal Generation and Trading, Enel Green Power (renewables), Enel Grids (network infrastructure), and End-User Markets. The company owns and operates a diversified generation portfolio including renewable, nuclear, wind, hydroelectric, solar, geothermal, and thermal power plants. Beyond commodity electricity and gas sales, Enel sells energy efficiency, demand response, smart-city, and street-lighting solutions to municipalities, businesses, and households. Founded in 1962 and based in Rome, the company trades on the Milan Stock Exchange and is classified within the GICS Electric Utilities sub-industry.
As a major European integrated utility, Enels business model reflects the broader sector trend of vertical integration combined with a shift toward renewables, grid modernization, and the electrification of end uses (transport, heating, industry). European utilities operate under regulated and liberalized frameworks, with network activities (transmission and distribution) typically subject to regulated returns while generation and retail compete in open markets.
- Italian regulator approves grid tariff increases boosting Enel Grids
- Renewable capacity additions lift Enel Green Power EBITDA
- ECB rate cuts ease Enels debt servicing costs
| Net Income: 4.54b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.35 > 1.0 |
| NWC/Revenue: -22.67% < 20% (prev -13.98%; Δ -8.69% < -1%) |
| CFO/TA 0.07 > 3% & CFO 13.3b > Net Income 4.54b |
| Net Debt (-1.61b) to EBITDA (14.5b): -0.11 < 3 |
| Current Ratio: 0.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (9.92b) vs 12m ago -2.28% < -2% |
| Gross Margin: 48.61% > 18% (prev 43.99%; Δ 4.62% > 0.5%) |
| Asset Turnover: 36.86% > 50% (prev 36.94%; Δ -0.09% > 0%) |
| Interest Coverage Ratio: 0.45 > 6 (EBIT TTM 4.89b / Interest Expense TTM 10.8b) |
| A: -0.08 (Total Current Assets 39.9b - Total Current Liabilities 55.3b) / Total Assets 189b |
| B: 0.08 (Retained Earnings 16.0b / Total Assets 189b) |
| C: 0.03 (EBIT TTM 4.89b / Avg Total Assets 184b) |
| D: 0.25 (Book Value of Equity 34.9b / Total Liabilities 139b) |
| Altman-Z'' = 0.18 = B |
| DSRI: 0.98 (Receivables 14.2b/14.2b, Revenue 67.9b/66.3b) |
| GMI: 0.90 (GM 43.99% / 48.61%) |
| AQI: 1.00 (AQ_t 0.28 / AQ_t-1 0.28) |
| SGI: 1.02 (Revenue 67.9b / 66.3b) |
| TATA: -0.05 (NI 4.54b - CFO 13.3b) / TA 189b) |
| Beneish M = -3.12 (Cap -4..+1) = AA |
As of September 01, 2026, the stock is trading at EUR 9.42 with a total of 26,946,885 shares traded. Over the past week, the price has changed by -1.04%, over one month by -3.86%, over three months by +1.13% and over the past year by +25.99%.
Current recommended Stop Loss: 9.20 (which is 2.3% or 1.6 ATR below the current price).
Enel has no consensus analysts rating.
P/E Trailing = 22.5238
P/E Forward = 13.0039
P/S = 1.1805
P/B = 2.6645
P/EG = 0.8617
Revenue TTM = 67.9b EUR
EBIT TTM = 4.89b EUR
EBITDA TTM = 14.5b EUR
Long Term Debt = 54.0b EUR (from longTermDebt, last quarter)
Short Term Debt = 16.2b EUR (from shortLongTermDebt, last quarter)
Debt = 2.92b EUR (Leases only: 2.92b)
Net Debt = -1.61b EUR (calculated: Debt 2.92b - CCE 4.53b)
Enterprise Value = 92.2b EUR (93.8b + Debt 2.92b - CCE 4.53b)
Interest Coverage Ratio = 0.45 (Ebit TTM 4.89b / Interest Expense TTM 10.8b)
EV/FCF = 28.59x (Enterprise Value 92.2b / FCF TTM 3.23b)
FCF Yield = 3.50% (FCF TTM 3.23b / Enterprise Value 92.2b)
FCF Margin = 4.75% (FCF TTM 3.23b / Revenue TTM 67.9b)
Net Margin = 6.68% (Net Income TTM 4.54b / Revenue TTM 67.9b)
Gross Margin = 48.61% ((Revenue TTM 67.9b - Cost of Revenue TTM 34.9b) / Revenue TTM)
Gross Margin QoQ = 51.31% (prev 55.84%)
Tobins Q-Ratio = 0.49 (Enterprise Value 92.2b / Total Assets 189b)
Interest Expense / Debt = 369.8% (Interest Expense 10.8b / Debt 2.92b)
Taxrate = 31.65% (2.81b / 8.88b)
NOPAT = 3.35b (EBIT 4.89b * (1 - 31.65%))
Current Ratio = 0.72 (Total Current Assets 39.9b / Total Current Liabilities 55.3b)
Debt / Equity = 0.08 (Debt 2.92b / totalStockholderEquity, last quarter 34.9b)
Debt / EBITDA = -0.11 (Net Debt -1.61b / EBITDA 14.5b)
Debt / FCF = -0.50 (Net Debt -1.61b / FCF TTM 3.23b)
Total Stockholder Equity = 34.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.46% (Net Income 4.54b / Total Assets 189b)
RoE = 13.20% (Net Income TTM 4.54b / Total Stockholder Equity 34.4b)
RoCE = 5.53% (EBIT 4.89b / Capital Employed (Equity 34.4b + L.T.Debt 54.0b))
RoIC = 2.56% (NOPAT 3.35b / Invested Capital 130b)
WACC = 6.30% (E(93.8b)/V(96.8b) * Re(6.50%) + (debt cost/tax rate unavailable))
Discount Rate = 6.50% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 59.40 | Cagr: 1.60%
[DCF] Terminal Value 73.52% ; FCFF base≈3.41b ; Y1≈3.06b ; Y5≈2.59b
[DCF] Fair Price = 4.33 (EV 41.3b - Net Debt -1.61b = Equity 42.9b / Shares 9.92b; r=8.35% [WACC [floored]]; 5y FCF grow -12.65% → 2.50% )
EPS Correlation: -20.63 | EPS CAGR: -1.02% | SUE: 0.48 | # QB: 0
Revenue Correlation: -93.18 | Revenue CAGR: -15.81% | SUE: -0.80 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.19 | Chg30d=+5.15% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.72 | Chg30d=+0.33% | Revisions=+30% | GrowthEPS=+12.5% | GrowthRev=+4.6%
EPS next Year (2027-12-31): EPS=0.75 | Chg30d=+0.37% | Revisions=+10% | GrowthEPS=+4.4% | GrowthRev=+1.0%
[Analyst] Revisions Ratio: +28% (up=10, down=5)