ENA Stock Analysis: Enea S.A. | WAR
Utilities - Regulated Electric | WAR, Poland | Market Cap: 10.838m PLN | 12M Return: -5.1% | PLENEA000013 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.62M
Rev. Trend: -95.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.8 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
ENEA S.A. is a Poland-based electric utility that generates, transmits, distributes, and sells electricity to households, businesses, and large industrial customers. Its generation portfolio includes wind, hydropower, biogas, and solar, alongside coal-based electricity and heat.
The company also produces and sells coal and provides lighting, transport, repair, and construction services. Its activities span several stages of the electricity business, from generation and network operations to retail supply.
- Coal-heavy generation faces EU carbon costs and fuel-price volatility
- Regulated distribution tariffs and grid investment shape earnings
- Polish power price caps and compensation affect retail margins
| Net Income: 1.19b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -13.48 > 1.0 |
| NWC/Revenue: 9.60% < 20% (prev 16.36%; Δ -6.77% < -1%) |
| CFO/TA 0.11 > 3% & CFO 4.41b > Net Income 1.19b |
| Net Debt (3.05b) to EBITDA (3.07b): 0.99 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (539.1m) vs 12m ago 1.76% < -2% |
| Gross Margin: 36.04% > 18% (prev 38.13%; Δ -2.09% > 0.5%) |
| Asset Turnover: 68.65% > 50% (prev 78.05%; Δ -9.40% > 0%) |
| Interest Coverage Ratio: 3.65 > 6 (EBIT TTM 1.66b / Interest Expense TTM 456.5m) |
| A: 0.06 (Total Current Assets 12.5b - Total Current Liabilities 9.98b) / Total Assets 39.8b |
| B: 0.35 (Retained Earnings 14.0b / Total Assets 39.8b) |
| C: 0.04 (EBIT TTM 1.66b / Avg Total Assets 38.2b) |
| D: 0.87 (Book Value of Equity 18.0b / Total Liabilities 20.8b) |
| Altman-Z'' = 2.76 = A |
| DSRI: 1.08 (Receivables 4.78b/4.81b, Revenue 26.2b/28.6b) |
| GMI: 1.06 (GM 38.13% / 36.04%) |
| AQI: 0.95 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 0.92 (Revenue 26.2b / 28.6b) |
| TATA: -0.08 (NI 1.19b - CFO 4.41b) / TA 39.8b) |
| Beneish M = -3.00 (Cap -4..+1) = AA |
As of November 12, 2026, the stock is trading at PLN 20.64 with a total of 527,223 shares traded. Over the past week, the price has changed by -0.86%, over one month by -7.03%, over three months by -1.05% and over the past year by -5.07%.
Current recommended Stop Loss: 19.70 (which is 4.6% or 1.3 ATR below the current price).
Enea S.A. has no consensus analysts rating.
P/E Trailing = 7.7795
P/E Forward = 1.8325
P/S = 0.4077
P/B = 0.6089
P/EG = 4.8513
Revenue TTM = 26.2b PLN
EBIT TTM = 1.66b PLN
EBITDA TTM = 3.07b PLN
Long Term Debt = 4.90b PLN (from longTermDebt, last quarter)
Short Term Debt = 2.02b PLN (from shortTermDebt, last quarter)
Debt = 8.52b PLN (from shortLongTermDebtTotal, last quarter) + Leases 832.5m
Net Debt = 3.05b PLN (calculated: Debt 8.52b - CCE 5.47b)
Enterprise Value = 13.9b PLN (10.8b + Debt 8.52b - CCE 5.47b)
Interest Coverage Ratio = 3.65 (Ebit TTM 1.66b / Interest Expense TTM 456.5m)
EV/FCF = -7.56x (Enterprise Value 13.9b / FCF TTM -1.84b)
FCF Yield = -13.23% (FCF TTM -1.84b / Enterprise Value 13.9b)
FCF Margin = -7.01% (FCF TTM -1.84b / Revenue TTM 26.2b)
Net Margin = 4.52% (Net Income TTM 1.19b / Revenue TTM 26.2b)
Gross Margin = 36.04% ((Revenue TTM 26.2b - Cost of Revenue TTM 16.8b) / Revenue TTM)
Gross Margin QoQ = none% (prev 15.47%)
Tobins Q-Ratio = 0.35 (Enterprise Value 13.9b / Total Assets 39.8b)
Interest Expense / Debt = 5.36% (Interest Expense 456.5m / Debt 8.52b)
Taxrate = 34.14% (568.2m / 1.66b)
NOPAT = 1.10b (EBIT 1.66b * (1 - 34.14%))
Current Ratio = 1.25 (Total Current Assets 12.5b / Total Current Liabilities 9.98b)
Debt / Equity = 0.47 (Debt 8.52b / totalStockholderEquity, last quarter 18.0b)
Debt / EBITDA = 0.99 (Net Debt 3.05b / EBITDA 3.07b)
Debt / FCF = -1.66 (negative FCF - burning cash) (Net Debt 3.05b / FCF TTM -1.84b)
Total Stockholder Equity = 17.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.10% (Net Income 1.19b / Total Assets 39.8b)
RoE = 6.76% (Net Income TTM 1.19b / Total Stockholder Equity 17.5b)
RoCE = 7.42% (EBIT 1.66b / Capital Employed (Equity 17.5b + L.T.Debt 4.90b))
RoIC = 3.59% (NOPAT 1.10b / Invested Capital 30.5b)
WACC = 6.21% (E(10.8b)/V(19.4b) * Re(8.31%) + D(8.52b)/V(19.4b) * Rd(5.36%) * (1-Tc(0.34)))
Discount Rate = 8.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 58.07 | Cagr: 0.57%
[DCF] Fair Price = unknown (Cash Flow -1.84b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -95.48 | Revenue CAGR: -17.73% | SUE: 0.21 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=4.77 | Chg30d=+13.81% | Revisions=+25% | GrowthEPS=+39.0% | GrowthRev=-0.4%
EPS next Year (2027-12-31): EPS=4.48 | Chg30d=+24.66% | Revisions=+25% | GrowthEPS=-6.1% | GrowthRev=-2.8%
[Analyst] Revisions Ratio: +40% (up=2, down=0)