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Enel Chile SA (ENIC)
NYSE:ENIC
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Enel Chile SA
(NYSE:ENIC)
Rating:57Neutral
Price Target:
$3.50
▲(0.00%Upside)
Enel Chile SA (ENIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.98B
Dividend Yield0.56%
Average Volume (3M)1.18M
Price to Earnings (P/E)27.0
Beta (1Y)0.54
Revenue Growth-12.73%
EPS Growth-74.65%
CountryUS
Employees1,913
SectorUtilities
Sector Strength69
IndustryRegulated Electric
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,383,331,200
10 Day Avg. Volume593,509
30 Day Avg. Volume1,181,281
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)912.50
Price to Sales (P/S)0.00
P/FCF Ratio5.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$4.00Price Target Upside14.29% Upside
Rating ConsensusHold
Number of Analyst Covering1
Enel Chile SA Business Overview & Revenue Model
Company DescriptionEnel 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 through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants. As of December 31, 2021, it had 8,054 megawatts of gross installed capacity, as well as distributed electricity to approximately 2.0 million customers with 2,105 square kilometers of transmission lines in 33 municipalities of the Santiago metropolitan region. The company also engages in the sale and transportation of natural gas; and provision of construction works, engineering, and consulting services. It serves residential, commercial, industrial, governmental, and other customers. The company was formerly known as Enersis Chile S.A. and changed its name to Enel Chile S.A. in October 2016. The company was incorporated in 2016 and is headquartered in Santiago, Chile. Enel Chile S.A. is a subsidiary of Enel S.p.A.
How the Company Makes MoneyEnel Chile SA generates revenue primarily through the sale of electricity and related services. The company's key revenue streams include electricity generation, where it sells power produced from its various generating plants, including renewable sources, to the national grid and other large consumers. Additionally, Enel Chile earns income from the transmission and distribution of electricity to residential, commercial, and industrial customers across Chile. The company also benefits from strategic partnerships and long-term contracts with government entities and private corporations, which help stabilize revenue and support investment in infrastructure and technology upgrades. Furthermore, Enel Chile is involved in energy trading and ancillary services, which provide additional income streams.
Enel Chile SA Earnings Call Summary
Earnings Call Date:Apr 28, 2025
(Q4-2024)
| % Change Since: 6.06%|
Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a balanced outlook with significant achievements in hydro generation and renewable expansion offset by challenges from climate events and regulatory issues. Despite these challenges, the company maintained its financial guidance, showcasing strategic resilience.Q4-2024 Updates
Positive Updates
Strong Hydro Generation Increase
Hydro generation increased by 12% compared to last year, contributing significantly to the company's performance, thanks to favorable weather conditions and strategic reservoir management.
Successful Renewable Expansion
Enel Chile successfully added 693 MW of new capacity, including 385 MW of solar, 202 MW of battery storage, and 106 MW of wind, bringing total capacity to 8.9 GW with nearly 80% from renewable sources.
Adjusted EBITDA and Net Income in Line with Guidance
Despite non-cash impacts, adjusted EBITDA and net income results were fully in line with 2024 guidance, demonstrating confidence in strategic planning.
Decrease in Gross Debt
Gross debt decreased by 11% to $3.9 billion by December 2024, supported by operational cash generation and effective cash use from PEC 3 factoring.
Negative Updates
Impact of August Climate Event
The extraordinary weather event in August caused extensive damage, resulting in a $20 million fine and $80 million voluntary compensation for disrupted services.
Regulatory and Legal Challenges
Ongoing legal challenges with the Superintendencia de Electricidad y Combustibles regarding force majeure claims, with potential financial implications yet to be resolved.
Functional Currency Change Impact
The change in functional currency led to a non-cash impact of $657 million at the EBITDA level, affecting financial reporting.
Negative Impact from Extreme Weather on Grids
The extreme weather events resulted in a $62 million impact on grid operations, including fines and voluntary compensations.
Company Guidance
During the Enel Chile Full Year and Fourth Quarter 2024 Results Conference Call, guidance was provided by CEO Giuseppe Turchiarelli on several key metrics. The company's hydro generation increased by 12% year-over-year, attributed to favorable hydrological conditions and the completion of the Los Condores hydro power project. Despite a non-cash impact of $657 million at the EBITDA level due to a change in functional currency, the adjusted EBITDA aligned with the 2024 guidance. Enel Chile's net electricity generation reached 24.6 terawatt hours, a 2% increase from 2023, with energy sales rising 8% to 33.4 terawatt hours. Additionally, the company expects to execute a $250 million PEC factoring in 2025. Enel Chile's renewable portfolio grew, with the addition of 404 megawatts of capacity, bringing the total to 8.9 gigawatts, of which nearly 80% is renewable and battery energy storage systems (BESS). The company also confirmed its 2025 guidance and highlighted a strategic focus on battery storage and regulatory framework improvements.Enel Chile SA Financial Statement Overview
Summary
Enel Chile SA faces declining revenue and profit margins with increasing leverage, posing potential risks. Despite these challenges, the company remains profitable and generates strong operating cash flow. However, volatility in free cash flow requires attention. The financial health is moderate with strengths in equity management but weaknesses in revenue and margin decline.Income Statement
Enel Chile SA shows a declining revenue trend with the revenue dropping from 2022 to 2023 and continuing to 2024. Gross and net profit margins have decreased over time, indicating shrinking profitability. The EBIT and EBITDA margins have also contracted from 2022 to 2023, and further to 2024, reflecting operating challenges. Despite these pressures, the company remains profitable, but the declining trend poses a concern for future profitability.65
Positive
Balance Sheet
The company's debt-to-equity ratio has risen, indicating increased leverage, which could heighten financial risk. However, the equity ratio is relatively stable, suggesting adequate equity financing. Return on Equity (ROE) has decreased, reflecting reduced profitability on shareholder equity. The balance sheet shows strength in asset management but highlights potential risks in increasing debt levels.72
Positive
Cash Flow
Operating cash flow remains strong, but the free cash flow growth rate has been inconsistent, with a significant decline in 2024. The operating cash flow to net income ratio indicates strong cash generation relative to profits. However, the free cash flow to net income ratio reveals volatility, suggesting challenges in maintaining free cash flow amidst fluctuating capital expenditures.68
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.91T | 3.94T | 4.26T | 4.96T | 2.83T | 2.55T |
| Gross Profit | 577.45B | 1.01T | 1.26T | 1.56T | 818.38B | 1.17T |
| EBITDA | 404.59B | 630.41B | 1.32T | 2.14T | 416.44B | 207.59B |
| Net Income | -3.28B | 145.11B | 633.46B | 1.25T | 85.15B | -50.86B |
Balance Sheet | ||||||
| Total Assets | 12.85B | 12.72T | 11.83T | 11.87T | 9.50T | 7.90T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 394.33B | 572.97B | 875.50B | 310.22B | 332.97B |
| Total Debt | 0.00 | 3.91T | 2.71T | 2.43T | 2.10T | 1.67T |
| Total Liabilities | 7.28B | 7.39T | 7.07T | 7.48T | 6.15T | 4.31T |
| Stockholders Equity | 5.19B | 4.96T | 4.45T | 4.10T | 3.10T | 3.35T |
Cash Flow | ||||||
| Free Cash Flow | 783.61B | 846.90B | 43.24B | -192.78B | -373.18B | 201.55B |
| Operating Cash Flow | 1.30T | 1.53T | 705.66B | 744.78B | 412.89B | 755.87B |
| Investing Cash Flow | -473.32B | -696.10B | -86.24B | 455.57B | -736.55B | -554.65B |
| Financing Cash Flow | -890.81B | -1.03T | -934.24B | -628.66B | 293.23B | -127.67B |
Enel Chile SA Technical Analysis
Neutral
3.50
Price Trends
3.61
Negative
3.39
Positive
3.04
Positive
Market Momentum
>-0.01
Positive
42.01
Neutral
17.72
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENIC, the sentiment is Neutral. The current price of 3.5 is below the 20-day moving average (MA) of 3.59, below the 50-day MA of 3.61, and above the 200-day MA of 3.04, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.01 is Neutral, neither overbought nor oversold. The STOCH value of 17.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $6.29B | 20.62 | 9.60% | 2.96% | 1.63% | 13.11% | |
71 Outperform | $4.48B | 14.32 | 8.33% | 5.16% | 11.83% | 9.53% | |
71 Outperform | $1.74B | 17.12 | 5.84% | 3.00% | -9.99% | -73.66% | |
70 Outperform | $5.22B | 25.06 | 8.37% | 2.89% | 10.10% | 149.78% | |
67 Neutral | $16.35B | 16.91 | 4.45% | 3.59% | 4.76% | 6.21% | |
63 Neutral | $1.26B | 4.64 | 20.57% | ― | 14.89% | ― | |
57 Neutral | $4.98B | 27.03 | 3.67% | 0.56% | -12.73% | -74.65% |
* Utilities Sector Average
Performance Comparison
ENIC
Enel Chile SA
3.54
0.76
27.34%
EDN
Edenor SA
26.10
8.60
49.14%
IDA
IdaCorp
117.40
25.37
27.57%
TXNM
TXNM Energy
56.30
19.23
51.87%
POR
Portland GE
40.91
-1.67
-3.92%
CEPU
Central Puerto SA
11.50
2.42
26.65%
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.