Enel Chile (ENIC)
NYSE:ENIC
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Enel Chile SA
(NYSE:ENIC)
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Rating:61Neutral
Price Target:
$4.00
▼(-8.88% Downside)
Action:ReiteratedDate:03/04/26
The score is driven primarily by mid-range financial performance: 2025 margins improved and leverage is manageable, but multi-year earnings and cash-flow volatility remains a key risk. Technical indicators are weak (price below key moving averages and slightly negative MACD), which drags the score, while valuation support from a modest P/E and ~5% dividend yield partially offsets. The latest call was mixed, with maintained guidance and strong liquidity but declines in production, sales, and net income.
Positive Factors
Improved margins and manageable leverage
Material margin recovery through 2025 indicates stronger cost control and pricing power versus recent years. Coupled with an improving debt-to-equity profile noted elsewhere in the report, this supports more durable earnings conversion and greater ability to fund operations and strategic investments over the medium term.
Negative Factors
Hydrology-driven production declines
Significant exposure to hydro conditions creates recurring, hard-to-predict swings in physical output and revenue. Persistent hydrological volatility forces reliance on thermal optimization and gas trading, raising operating cost variability and weakening the predictability of earnings and cash flow over multi-year horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved margins and manageable leverage
Material margin recovery through 2025 indicates stronger cost control and pricing power versus recent years. Coupled with an improving debt-to-equity profile noted elsewhere in the report, this supports more durable earnings conversion and greater ability to fund operations and strategic investments over the medium term.
Read all positive factors
Enel Chile SA (ENIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.43B
Dividend Yield5.63%
Average Volume (3M)612.49K
Price to Earnings (P/E)7.5
Beta (1Y)0.51
Revenue Growth-25.78%
EPS Growth-91.93%
CountryUS
Employees1,913
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)-0.14
Shares Outstanding1,383,331,200
10 Day Avg. Volume609,734
30 Day Avg. Volume612,485
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.08
Price to Sales (P/S)1.24
P/FCF Ratio8.00
Enterprise Value/Market Cap1.55K
Enterprise Value/Revenue8.43
Enterprise Value/Gross Profit16.89
Enterprise Value/Ebitda16.87
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)319.16
Revenue Forecast (FY)$4.02T
Enel Chile SA Business Overview & Revenue Model
Company Description
Enel Chile S.A., an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation Business and Distribution Business segments. It generates electricity throu...
How the Company Makes Money
Enel Chile generates revenue through multiple key streams, including the sale of electricity to residential, commercial, and industrial customers, as well as through regulated and unregulated electricity distribution services. The company also ben...
Enel Chile SA Earnings Call Summary
Earnings Call Date:Oct 28, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture. While the company demonstrated strong adaptability and operational resilience, especially in thermal generation and liquidity management, it faced significant challenges with decreased net production and energy sales, as well as a notable decline in net income.Positive Updates
Thermal Generation Fleet Performance
High-level performance of thermal generation fleet helped offset lower hydrological conditions, demonstrating adaptability and operational stability.
Negative Updates
Net Production Decrease
Net production decreased by 9% in the first 9 months compared to 2024, driven by lower hydro dispatch, reduction in renewable energy production, and higher curtailment levels.
Read all updates
Q3-2025 Updates
Positive
Negative
Thermal Generation Fleet Performance
High-level performance of thermal generation fleet helped offset lower hydrological conditions, demonstrating adaptability and operational stability.
Read all positive updates
Company Guidance
During the Enel Chile Third Quarter and 9 Months 2025 Results Conference Call, key guidance highlighted various performance metrics and strategic actions. The company reported a stable EBITDA of $1,004 million for the first nine months of 2025, despite challenging hydrological conditions, showcasing operational resilience. The thermal generation fleet's performance offset lower hydro conditions, with gas optimization activities contributing an additional $74 million in margin. Enel Chile's FFO improved by $248 million, reaching $615 million, primarily due to a $285 million recovery of receivables from the PEC mechanism. The company maintained a strong liquidity position with $373 million in cash equivalents and $640 million in committed credit lines. Enel Chile's CapEx reached $245 million, focusing on grid resilience and thermal power projects, with 41% allocated to grid investments. Despite a decline in net production by 9%, Enel Chile maintained its hydro production target of 10.7 terawatt-hours for 2025. Regulatory developments were also discussed, including updates on the VAD 2024-2028 cycle and the preliminary regulated energy tariff report for the first half of 2026. The company confirmed its guidance for the year, highlighting its ability to adapt to market dynamics and climate challenges while preparing for future strategic developments in its 2026 Investor Day.Enel Chile SA Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
61
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.06T | 3.94T | 4.82B | 5.12B | 3.31B |
| Gross Profit | 1.59T | 1.01T | 1.42B | 1.14B | 942.86M |
| EBITDA | 1.29T | 630.41B | 1.41B | 2.42B | 422.89M |
| Net Income | 484.43B | 145.11B | 715.81M | 1.46B | 99.63M |
Balance Sheet | |||||
| Total Assets | 11.62T | 13.19T | 12.19T | 12.16T | 9.64T |
| Cash, Cash Equivalents and Short-Term Investments | 462.70M | 404.33B | 635.85B | 884.63B | 313.71B |
| Total Debt | 3.56T | 3.95T | 4.00T | 4.09T | 4.28T |
| Total Liabilities | 6.62T | 7.85T | 7.39T | 7.74T | 6.29T |
| Stockholders Equity | 4.66T | 4.98T | 4.48T | 4.12T | 3.09T |
Cash Flow | |||||
| Free Cash Flow | 628.64B | 846.90B | 68.87B | -192.78B | -373.18B |
| Operating Cash Flow | 1.05T | 1.53T | 705.66B | 744.78B | 412.89B |
| Investing Cash Flow | -452.47B | -696.10B | -86.24B | 455.57B | -736.55B |
| Financing Cash Flow | -538.53B | -1.03T | -934.24B | -628.66B | 293.23B |
Enel Chile SA Technical Analysis
Negative
4.39
Price Trends
4.19
Negative
4.03
Negative
3.79
Positive
Market Momentum
-0.05
Negative
46.11
Neutral
28.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENIC, the sentiment is Negative. The current price of 4.39 is above the 20-day moving average (MA) of 4.02, above the 50-day MA of 4.19, and above the 200-day MA of 3.79, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 46.11 is Neutral, neither overbought nor oversold. The STOCH value of 28.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ENIC.
Enel Chile SA Risk Analysis
Enel Chile SA disclosed 27 risk factors in its most recent earnings report. Enel Chile SA reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Enel Chile SA Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $2.47B | 41.27 | 14.42% | 2.00% | -4.16% | -40.47% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | $6.51B | 17.33 | 7.76% | 4.38% | 7.53% | -17.59% | |
62 Neutral | $7.57B | 21.22 | 9.38% | 2.72% | -1.58% | 8.49% | |
61 Neutral | $5.43B | 7.51 | 7.43% | 5.63% | -25.78% | -91.93% | |
56 Neutral | $1.40B | 6.83 | 11.90% | ― | 2.98% | ― | |
50 Neutral | $6.36B | -140.94 | 4.85% | 2.80% | 10.65% | -10.67% |
* Utilities Sector Average
ENIC
Enel Chile SA
3.98
0.75
23.41%
EDN
Edenor SA
28.65
-5.88
-17.03%
IDA
IdaCorp
137.87
28.83
26.44%
TXNM
TXNM Energy
58.50
6.04
11.51%
POR
Portland GE
51.49
10.86
26.72%
CEPU
Central Puerto SA
15.44
3.06
24.72%
Enel Chile SA Corporate Events
Enel Chile Posts Higher 2025 Profit on Currency Shift Despite Softer Underlying Earnings
Mar 2, 2026
Enel Chile reported consolidated net income attributable to shareholders of US$ 538 million for the year ended December 31, 2025, up US$ 384 million versus 2024, largely due to an extraordinary accounting effect tied to the change of functional cu...
Enel Chile Board Proposes US$216 Million Final 2025 Dividend Payout
Mar 2, 2026
Enel Chile S.A. disclosed that its board of directors, meeting in Santiago on February 27, 2026, agreed to propose a final dividend tied to 2025 net income. The proposal calls for distributing US$268.8 million, equal to 50% of 2025 earnings in lin...
Enel Chile Board Backs 2026–2028 Strategic Plan With USD 2 Billion Capex
Mar 2, 2026
Enel Chile S.A. announced that its board of directors, meeting in Santiago on February 27, 2026, approved a new strategic plan for the 2026-2028 period. The plan outlines an estimated accumulated EBITDA between USD 4.5 billion and USD 4.7 billion ...
Enel Chile Corrects Filing and Confirms January 23 Interim Dividend Payment
Jan 12, 2026
Enel Chile S.A. has corrected a clerical error in previously disclosed regulatory documentation related to an interim dividend approved by its board on November 27, 2025, clarifying that the transaction/movement code for the operation is 20 rather...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.