Enel Chile SA (ENIC) AI Stock Analysis

• Market Cap: $5.58B
• Dividend Yield: 5.63%
• Average Volume (3M): 595.99K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 0.48
• Revenue Growth: -25.78%
• EPS Growth: -91.93%
• Country: US
• Employees: 1,913
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): -0.14
• Shares Outstanding: 1,383,331,200
• 10 Day Avg. Volume: 580,522
• 30 Day Avg. Volume: 595,988
• PEG Ratio: 0.04
• Price to Book (P/B): 1.08
• Price to Sales (P/S): 1.24
• P/FCF Ratio: 8.00
• Enterprise Value/Market Cap: 1.48K
• Enterprise Value/Revenue: 20.10
• Enterprise Value/Gross Profit: -61.34
• Enterprise Value/Ebitda: -34.49
• 1Y Price Target: $4.30
• Price Target Upside: -2.05% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 329.25
• Revenue Forecast (FY): $3.97T

• Rating: 61 Neutral
• Price Target: $4.00 ▼(-8.88% Downside)
• Action: Reiterated Date: 03/04/26
• Date: Action: Reiterated 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 & lower leverage

Sustained margin recovery and materially lower leverage enhance balance-sheet resilience and funding flexibility. For a regulated utility, higher gross and net margins plus reduced debt ratio support sustained investment capacity, regulatory compliance, and the ability to absorb hydrology shocks over the medium term.

Strong liquidity buffer

A meaningful cash cushion and committed lines materially lower refinancing and short-term funding risk. This liquidity position supports capex execution, dividend policy, and operational continuity through hydrological cycles or regulatory timing, improving the company’s multi-year operational stability.

Clear medium‑term strategic plan

A board‑backed 3‑year plan with explicit capex and EBITDA targets increases visibility for investment and asset prioritization. Dedicated capex enables grid resilience and energy transition projects that should strengthen long‑term earnings quality and regulatory positioning versus ad hoc investment approaches.

Negative Factors

Hydrology-driven generation volatility

Significant exposure to hydro conditions creates recurring volume and revenue volatility. Reliance on thermal offsets raises operating costs and margin variability, making multi-year earnings and cash flows sensitive to climatic cycles and less predictable for long‑term planning and investment.

Uneven cash generation history

Intermittent negative free cash flow and recent declines limit internal funding for capex and dividends without tapping external markets. Persistent working‑capital swings and episodic FCF weakness undermine steady cash conversion, increasing refinancing and execution risk across the planned investment cycle.

Regulatory & contract exposure

Expiration of regulated contracts and elevated energy losses create structural revenue and cost pressures. These dynamics can depress regulated sales volumes, invite tariff adjustments or recovery mechanisms, and raise ongoing capex or operating requirements to reduce losses and meet regulatory expectations.

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 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 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 benefits from its investments in renewable energy projects, which not only diversify its energy portfolio but also align with global sustainability trends, potentially attracting government incentives and subsidies. Additionally, Enel Chile engages in long-term power purchase agreements (PPAs) with large consumers and other entities, providing stable revenue. The company's partnerships with local and international stakeholders further enhance its operational capabilities and market reach, contributing positively to its earnings.

Enel Chile SA Financial Statement Overview

Summary

Results improved in 2025 with a meaningful rebound in net margin (~11.9%) and higher gross margin (~39%), and leverage looks reasonable for a regulated utility (debt-to-equity improving to ~0.83). However, profitability and cash flow have been volatile across the cycle (including past losses and negative free cash flow), and cash conversion remains uneven.

Income Statement

Profitability improved meaningfully in the last two annual periods, with net margin rising from ~3.7% (2024) to ~11.9% (2025) alongside stronger operating profitability. Gross margin also expanded to ~39% (2025) from ~26% (2024), signaling better cost control and/or pricing. Offsetting this, results have been volatile over the cycle (including losses in 2020 and large margin swings in 2021–2024), and the extremely large reported revenue growth rates suggest potential base effects and/or reporting inconsistencies that reduce confidence in trend quality.

Balance Sheet

Leverage appears manageable for a regulated utility, with debt-to-equity improving versus earlier years (from ~1.38 in 2021 to ~0.83 in 2025). Equity remains sizable (2025 equity ~4.66T vs. debt ~3.89T), supporting balance-sheet resilience. The main drawback is only moderate returns on equity in the most recent year (~10.4% in 2025) following weaker profitability in 2023–2024, which suggests earnings power has not been consistently strong relative to the capital base.

Cash Flow

Cash generation is positive, with free cash flow remaining solid in 2024–2025 (though down ~13% in 2025). Free cash flow covers a meaningful portion of earnings (about ~60% of net income in 2025), indicating earnings are not purely accounting-based. However, cash flow has been uneven over time, including negative free cash flow in 2021–2022 and a relatively low level of operating cash flow versus revenue in 2024–2025 (coverage ratio below 1), implying working-capital swings and/or ongoing investment demands can pressure cash conversion.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	410.54B	4.06T	3.94T	4.82B	5.12B	3.31B
Gross Profit	-134.56B	1.59T	1.01T	1.42B	1.14B	942.86M
EBITDA	-239.32B	1.29T	630.41B	1.41B	2.42B	422.89M
Net Income	-272.63B	484.43B	145.11B	715.81M	1.46B	99.63M
Balance Sheet
Total Assets	12.31T	11.62T	13.19T	12.19T	12.16T	9.64T
Cash, Cash Equivalents and Short-Term Investments	362.91B	418.85B	404.33B	635.85B	884.63B	313.71B
Total Debt	3.87T	3.89T	3.95T	4.00T	4.09T	4.28T
Total Liabilities	7.04T	6.62T	7.85T	7.39T	7.74T	6.29T
Stockholders Equity	4.91T	4.66T	4.98T	4.48T	4.12T	3.09T
Cash Flow
Free Cash Flow	723.13B	628.64B	846.90B	68.87B	-192.78B	-373.18B
Operating Cash Flow	855.25B	1.05T	1.53T	705.66B	744.78B	412.89B
Investing Cash Flow	-140.12B	-452.47B	-696.10B	-86.24B	455.57B	-736.55B
Financing Cash Flow	-821.91B	-538.53B	-1.03T	-934.24B	-628.66B	293.23B

Enel Chile SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.39
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 4.25, above the 50-day MA of 4.20, and above the 200-day MA of 3.76, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 41.82 is Neutral, neither overbought nor oversold. The STOCH value of 53.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ENIC.

Enel Chile SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CEPU	76 Outperform	$2.44B	10.19	13.09%	2.00%	-4.16%	-40.47%
EDN	73 Outperform	$1.30B	6.56	13.91%	―	2.98%	―
POR	69 Neutral	$6.82B	19.53	7.72%	4.38%	7.53%	-17.59%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
IDA	62 Neutral	$7.86B	24.39	9.37%	2.72%	-1.58%	8.49%
ENIC	61 Neutral	$5.58B	10.75	10.60%	5.63%	-25.78%	-91.93%
TXNM	50 Neutral	$6.45B	39.92	5.09%	2.80%	10.65%	-10.67%

Enel Chile SA Corporate Events

Enel Chile Posts Higher 2025 Profit on Currency Shift Despite Softer Underlying Earnings

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 currency at Enel Generación Chile and the discontinuation of hedging instruments. Excluding that non-recurring impact, underlying net income fell 13.6% year-on-year, even as operating revenues rose 10.4% to US$ 4,663 million and EBITDA climbed 3.6% on an adjusted basis, highlighting that the headline profitability improvement is mainly technical while core performance reflects mixed trends across segments.

The generation business saw a 12.4% drop in net energy output and an 11.1% decline in physical energy sales in 2025, pressured by weaker hydrology, lower solar dispatch, and expiring regulated contracts, though segment EBITDA still surged 69.8% due to the reversal of the prior year’s negative currency-hedge effect and higher gas commercialization. In Distribution and Networks, physical sales slipped 1.9% but customer numbers grew 1.3% to about 2.19 million, with modest revenue growth and reduced procurement costs supporting margins despite higher energy losses, indicating that Enel Chile’s operational footprint remains solid but exposed to hydrological variability, contract rotation, and regulatory-related cost swings.

The most recent analyst rating on (ENIC) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Enel Chile SA stock, see the ENIC Stock Forecast page.

Enel Chile Board Proposes US$216 Million Final 2025 Dividend Payout

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 line with its dividend policy, with the amount already paid as an interim dividend in January 2026 to be deducted from this figure.

If approved at the ordinary shareholders’ meeting scheduled for April 28, 2026, the effective cash distribution in May 2026 would be about US$216.0 million, or approximately US$0.00312352 per share. The announcement underscores Enel Chile’s intention to maintain a consistent shareholder remuneration policy, signaling stable earnings generation and ongoing cash returns to investors in the Chilean power sector.

The most recent analyst rating on (ENIC) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Enel Chile SA stock, see the ENIC Stock Forecast page.

Enel Chile Board Backs 2026–2028 Strategic Plan With USD 2 Billion Capex

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 and projected capital expenditures of about USD 2.0 billion over the three years.

The company emphasized that these figures are based on projections and their eventual impact cannot yet be determined, underscoring the inherent uncertainty in the assumptions. Enel Chile will present the plan to investors and the market in a public session scheduled for March 3, 2026, signaling an effort to provide greater visibility on its medium-term financial and investment trajectory.

The most recent analyst rating on (ENIC) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Enel Chile SA stock, see the ENIC Stock Forecast page.

Enel Chile Corrects Filing and Confirms January 23 Interim Dividend Payment

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 than 19. The rectified filing confirms an interim cash dividend of USD 52.77 million, equivalent to approximately USD 0.000762962580788 per share (rounded to USD 0.00076 in the form), charged to 15% of net income as of September 30, 2025, for 69.17 billion shares, with a record date of January 17, 2026 and payment in Chilean pesos on January 23, 2026, using the observed U.S. dollar exchange rate of January 16, 2026; the move underscores the company’s attention to regulatory accuracy while providing shareholders with clarity on the amount, timing and mechanics of the dividend distribution.

The most recent analyst rating on (ENIC) stock is a Buy with a $4.30 price target. To see the full list of analyst forecasts on Enel Chile SA stock, see the ENIC Stock Forecast page.