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Enel Chile SA
(NYSE:ENIC)
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Rating:67Neutral
Price Target:
$5.00
▲(14.42% Upside)
Action:Reiterated
Date:08/04/26
ENIC scores positively on valuation (low P/E and solid dividend yield) and a constructive earnings update with reaffirmed guidance and improving cash generation. The overall score is held back by only moderate financial statement quality due to revenue softness, historical volatility in profitability/cash flow, and middling cash conversion, while technicals provide a modest tailwind with price above key moving averages and neutral-to-positive momentum.
Positive Factors
Balance sheet & liquidity
Enel Chile's mix of modest gross debt, substantial committed lines and cash, long average maturity and high fixed-rate share materially reduce refinancing and interest-rate risk. This provides durable financial flexibility to fund renewables/BESS capex and absorb operational shocks over the next few quarters.
Negative Factors
Hydrology volatility
Material drops in hydro output increase dependence on thermal generation and spot market purchases, heightening fuel and price exposure. Over a multi-quarter horizon, hydrology variability can meaningfully swing margins, cash generation and the predictability of contracted vs spot-driven revenues.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet & liquidity
Enel Chile's mix of modest gross debt, substantial committed lines and cash, long average maturity and high fixed-rate share materially reduce refinancing and interest-rate risk. This provides durable financial flexibility to fund renewables/BESS capex and absorb operational shocks over the next few quarters.
Read all positive factors
Enel Chile SA (ENIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.14B
Dividend Yield4.34%
Average Volume (3M)508.88K
Price to Earnings (P/E)10.9
Beta (1Y)0.63
Revenue Growth9.54%
EPS Growth294.77%
CountryUS
Employees1,792
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)0.41
Shares Outstanding1,383,331,200
10 Day Avg. Volume449,571
30 Day Avg. Volume508,880
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)1.08
Price to Sales (P/S)1.24
P/FCF Ratio8.00
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$5.00Price Target Upside14.42% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)376.45
Revenue Forecast (FY)$4.10T
Enel Chile SA Business Overview & Revenue Model
Company Description
Enel Chile S.A. stands as a significant electricity provider within Chile, primarily focused on the generation, transmission, and distribution of power. Its activities are structured around distinct generation and distribution business units. The ...
How the Company Makes Money
Enel Chile primarily makes money by generating electricity and selling it under different contracting and market mechanisms in Chile. Key revenue streams typically include (1) sales to regulated customers (energy supplied under regulated tariffs a...
Enel Chile SA Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call presents a predominantly positive view: first-half operational and financial resilience (EBITDA +4% YoY, net income +11%, FFO +24%) coupled with strategic actions—portfolio diversification, secured gas supply, long-term PPA, and advancing BESS projects—outweigh the near-term challenges from weaker hydrology, a Q2 EBITDA decline (≈11%), and increased grid-related spending. Regulatory progress (tariff bill) and strong liquidity further support outlook. Short-term risks remain around hydrology and some margin pressure, but management confirmed 2026 guidance and emphasized flexibility and execution.Positive Updates
Resilient H1 EBITDA Growth
EBITDA for the first half of 2026 reached $685 million, up 4% year-on-year, driven by stronger gross margin in the integrated business and gas optimization initiatives.
Negative Updates
Weaker Hydrology and Hydro Generation Decline
Hydro generation fell by approximately 1.1 TWh in H1 2026 versus H1 2025 due to poor rainfall; net electricity generation decreased and physical sales were slightly down (14.8 TWh vs 15.1 TWh, ≈-2%), creating higher reliance on thermal and spot purchases.
Read all updates
Q2-2026 Updates
Positive
Negative
Resilient H1 EBITDA Growth
EBITDA for the first half of 2026 reached $685 million, up 4% year-on-year, driven by stronger gross margin in the integrated business and gas optimization initiatives.
Read all positive updates
Company Guidance
Enel Chile reiterated its 2026 guidance, forecasting full‑year hydro generation of ~10.7 TWh (after H1 hydro was ~1.1 TWh lower YoY but with recent rainfall/snow supporting H2 recovery), reported H1 thermal generation of 3.6 TWh and combined‑cycle up to 3.2 TWh (from 2.9 TWh) while renewables rose to 3.0 TWh (from 2.7 TWh), keeping 67% of production emission‑free; total physical sales were 14.8 TWh (vs 15.1 TWh LY) and a new 15‑year PPA will add up to 1 TWh/year from H2‑2026. Financial targets remain intact: H1 EBITDA $685m (+4% YoY), Q2 EBITDA $262m (−$32m YoY), H1 net income $272m (+11%), H1 FFO $499m (+24%), and Q2 FFO +28%; H1 CapEx was $328m (development CapEx $196m/60%, asset management $102m/31%, customer $30m; ~2/3 to renewables/BESS, ~22% to grids). BESS execution is on track with >450 MW (~0.5 GW) under construction and an indicative unitary CapEx of ~$0.9m/MW; balance sheet metrics include gross debt $3.8bn (−1.4% vs Dec‑25), average maturity 5.5 years (from 5.8), 85% fixed rate, average cost 4.9%, committed lines $640m and cash $276m. Regulatory relief from the Electricity Tariff Protection Bill is expected to enable securitization and ~ $65–70m cash recovery of VAD 2020–24 receivables (targeted by end‑2026/early‑2027) and extends the VAD cycle through 2030.Enel Chile SA Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
63
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.35B | 4.50B | 4.14B | 5.07B | 5.01B | 3.72B |
| Gross Profit | 1.13B | 1.09B | 511.35M | 930.80M | 630.48M | 545.73M |
| EBITDA | 1.32B | 1.36B | 742.10M | 1.21B | 1.32B | 708.56M |
| Net Income | 563.16M | 536.78M | 153.71M | 753.96M | 1.43B | 111.93M |
Balance Sheet | ||||||
| Total Assets | 12.54B | 12.85B | 13.19T | 12.19T | 12.16T | 9.64T |
| Cash, Cash Equivalents and Short-Term Investments | 276.94M | 462.70M | 404.33B | 635.85B | 884.63B | 313.71B |
| Total Debt | 2.87B | 2.83B | 3.95T | 4.00T | 4.09T | 4.28T |
| Total Liabilities | 6.83B | 7.32B | 7.85T | 7.39T | 7.74T | 6.29T |
| Stockholders Equity | 5.33B | 5.15B | 4.98T | 4.48T | 4.12T | 3.09T |
Cash Flow | ||||||
| Free Cash Flow | 582.99M | 695.28M | 846.90B | 68.87B | -192.78B | -373.18B |
| Operating Cash Flow | 1.08B | 1.16B | 1.53T | 705.66B | 744.78B | 412.89B |
| Investing Cash Flow | -604.43M | -500.43M | -696.10B | -86.24B | 455.57B | -736.55B |
| Financing Cash Flow | -553.61M | -595.62M | -1.03T | -934.24B | -628.66B | 293.23B |
Enel Chile SA Technical Analysis
Positive
4.37
Price Trends
4.40
Positive
4.29
Positive
4.09
Positive
Market Momentum
0.03
Negative
59.28
Neutral
63.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENIC, the sentiment is Positive. The current price of 4.37 is below the 20-day moving average (MA) of 4.43, below the 50-day MA of 4.40, and above the 200-day MA of 4.09, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 59.28 is Neutral, neither overbought nor oversold. The STOCH value of 63.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $2.44B | 8.25 | 17.76% | ― | 13.93% | 231.87% | |
67 Neutral | $6.14B | 10.88 | 10.70% | 4.41% | 9.54% | 294.77% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $1.29B | 5.91 | 14.48% | ― | -0.64% | -4.04% | |
61 Neutral | $5.71B | 21.54 | 6.30% | 4.09% | 3.78% | -17.06% | |
60 Neutral | $8.27B | 23.12 | 9.36% | 2.36% | -1.11% | 8.18% | |
52 Neutral | $6.41B | 32.35 | 5.67% | 2.84% | 9.97% | -7.29% |
* Utilities Sector Average
ENIC
Enel Chile SA
4.57
1.41
44.76%
EDN
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24.89
-3.37
-11.92%
IDA
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140.91
19.47
16.03%
TXNM
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57.49
2.34
4.25%
POR
Portland GE
48.54
8.28
20.56%
CEPU
Central Puerto SA
13.82
1.22
9.68%
Enel Chile SA Corporate Events
Enel Chile Lifts H1 2026 Profit and Advances Battery Storage Project
Jul 29, 2026
Enel Chile reported consolidated net income of US$272 million for the first half of 2026, up 10.7% year-on-year, driven by operating improvements despite flat revenues and higher financial expenses. Operating revenues were US$2,268 million as of J...
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.