Obermatt

Enel

MIL:ENEL · IT0003128367
Electric UtilitiesLarge

360

68
EV / EBIT94
Price / Owner Earnings3
Owner Earnings Yield66
Dividend Yield91
Price/Sales73
EV / Gross Profit88
Price/Book23
Return on Capital91
Cash Return on Capital66
Return on Equity63
EBIT Margin37
Gross Profitability81
Cash Conversion94
Accruals95
Owner Earnings Margin66
Sales growth49
Profit Growth98
Long-Term EPS Growth27
Owner Earnings Growth8
Reinvestment67
Price momentum60
Debt load25
Refinancing38
Debt Payback11
Liquidity74
Analyst ratings45
Opinion Changes50
Price Target Upside37
Market mood44
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Enel clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryItaly
IndustryElectric Utilities
SizeLarge
TypePublic Company
ExchangeBIT
Employees11,557
Websiteenel.com
ISINIT0003128367
Last UpdateApr 2, 2026
Themes
Energy ManagementEnergy StorageSmart EnergyCleanTechSmart CitiesPower GridOnshore and Offshore WindClean EnergyUtility Scale SolarEnergy EfficiencyBiomass EnergyElectric Vehicle Charging InfrastructureEnergyOil and Gas

Description

Enel SpA operates as an integrated electricity and gas operator worldwide. On the generation front, the company reached a new record in 2019, building 3,029 MW of new renewable capacity globally. Enel Green Power North America restructured the joint…

Analysis

Hidden champion

Enel SpA is what we call a hidden champion: a strong business that the market is not pricing as one.

The price is expensive. You pay 65.5× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 22% yearly growth; analysts expect 3%. The market is pricing in far more than analysts expect: heroic expectations.

The trajectory is tepid and the balance sheet is adequate. The company scores 12/20 on our value-creation score: creating some value.

What to watch: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
74
2023202420252026

All-time high

84

Jan 2025

All-time low

23

Jan 2023

Average rank

58

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
73
62
70
65
Price/Earnings
61
76
78
84
Price/Book
23
24
30
50
Dividend Yield
91
86
82
88
Value (overall)
70
72
71
82

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →