Enel Chile (ENIC)
NYSE:ENIC
Want to see ENIC full AI Analyst Report?
Top Page
Enel Chile SA
(NYSE:ENIC)
Select Model
Select Model
Rating:71Outperform
Price Target:
$5.00
▲(13.90% Upside)
Action:Upgraded
Date:05/09/26
The score is driven primarily by stable profitability and improved free-cash-flow generation, supported by favorable valuation (low P/E and strong dividend). Technicals add a positive tailwind with the stock trading above major moving averages and positive MACD. The main constraints are leverage/return inconsistency and earnings-call risks tied to nonrecurring impacts, distribution performance headwinds, and regulatory timing uncertainty.
Positive Factors
Renewable generation mix
A high renewables and BESS share (78% of 8.9 GW) materially reduces fuel cost exposure and regulatory transition risk. This asset mix supports stable, low‑margin volatility cash flows, aligns with Chilean decarbonization trends, and improves long‑term generation resilience and flexibility.
Negative Factors
Regulatory timing and tariff uncertainty
Postponed VAD settlements and open VAD 2024‑2028 reviews create material timing and cash‑flow uncertainty for distribution revenues. Final tariff outcomes and settlement timing can alter near‑term receipts and longer‑run regulated returns, affecting earnings predictability and planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Renewable generation mix
A high renewables and BESS share (78% of 8.9 GW) materially reduces fuel cost exposure and regulatory transition risk. This asset mix supports stable, low‑margin volatility cash flows, aligns with Chilean decarbonization trends, and improves long‑term generation resilience and flexibility.
Read all positive factors
Enel Chile SA (ENIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.44B
Dividend Yield5.63%
Average Volume (3M)642.86K
Price to Earnings (P/E)13.9
Beta (1Y)0.64
Revenue Growth8.85%
EPS Growth191.04%
CountryUS
Employees1,913
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)0.39
Shares Outstanding1,383,331,200
10 Day Avg. Volume710,145
30 Day Avg. Volume642,859
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)1.08
Price to Sales (P/S)1.23
P/FCF Ratio8.00
Enterprise Value/Market Cap1.53
Enterprise Value/Revenue2.82
Enterprise Value/Gross Profit7.69
Enterprise Value/Ebitda8.28
Forecast
1Y Price Target
$5.00Price Target Upside13.90% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)342.57
Revenue Forecast (FY)$4.07T
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 makes money mainly by selling electricity and related services through two core activities: (1) power generation and (2) electricity distribution. In generation, the company earns revenue by producing electricity from its generation por...
Enel Chile SA Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive operational and strategic picture: solid EBITDA growth (+16%), stronger FFO (+12%), active investment into BESS and renewables, stable production, and a comfortable liquidity profile. Key negatives include a decline in net income (-7%) driven by higher depreciation and financing effects, several nonrecurring adjustments (management-normalized EBITDA ~ $360–$370M), distribution headwinds (grids EBITDA down ~18% and rising energy losses), and regulatory timing/uncertainty around VAD settlements and tariff reviews. On balance, the company’s operational improvements, strategic investments and balance-sheet measures outweigh the temporary and regulatory challenges discussed.Positive Updates
EBITDA Growth
EBITDA reached $423 million in Q1 2026, a 16% increase year-over-year, driven by improved integrated margin performance and more efficient gas sourcing.
Negative Updates
Net Income Decline
Net income was $162 million in Q1 2026, down 7% YoY, mainly due to higher depreciation from newly commissioned renewable plants and lower capitalization of interest.
Read all updates
Q1-2026 Updates
Positive
Negative
EBITDA Growth
EBITDA reached $423 million in Q1 2026, a 16% increase year-over-year, driven by improved integrated margin performance and more efficient gas sourcing.
Read all positive updates
Company Guidance
Management reiterated 2026 guidance anchored on a conservative hydro assumption of 10.7 TWh (13‑year average) with Q1 hydro broadly in line with 2025, confirmed the development of ~450–500 MW of BESS (adding ~0.5 GW) with CODs targeted in Q3–Q4 2027, and noted a total net installed capacity of 8.9 GW (78% renewables + BESS); Q1 physical sales were 7.5 TWh (with 1.3 TWh net spot purchases and 0.8 TWh from third parties). Regulatory timing was updated: VAD 2024–2028 final technical report expected by June 2026 and a tariff decree targeted for early 2027, while the VAD 2020–2024 settlement was postponed to July 2026 (Enel Distribución’s share ≈ USD 65m; sector figures cited around USD 900m / estimated impact ~USD 765m). Financial and execution guidance included continued investment (Q1 CapEx $111m — 41%/$46m renewables & storage, 31%/$34m thermal, 20%/$31m grids), approval of a CLP 360 billion capital increase for Enel Distribución, and maintained liquidity headroom with gross debt $3.9bn, average cost 4.9%, average maturity 5.4 years, 85% fixed rate, cash $454m and committed lines $640m; operational targets include reducing distribution losses toward ~5.7% by 2028.Enel Chile SA Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.49B | 4.51B | 4.13T | 4.82B | 5.12B | 3.31B |
| Gross Profit | 1.28B | 1.71B | 1.01B | 1.42B | 1.14B | 942.86M |
| EBITDA | 1.19B | 1.34B | 630.41M | 1.41B | 2.42B | 422.89M |
| Net Income | 455.73M | 537.63M | 145.11B | 715.81M | 1.46B | 99.63M |
Balance Sheet | ||||||
| Total Assets | 13.24B | 12.85B | 13.19T | 12.19T | 12.16T | 9.64T |
| Cash, Cash Equivalents and Short-Term Investments | 455.56M | 462.70M | 404.33B | 635.85B | 884.63B | 313.71B |
| Total Debt | 3.92B | 2.83B | 3.95T | 4.00T | 4.09T | 4.28T |
| Total Liabilities | 7.54B | 7.32B | 7.85T | 7.39T | 7.74T | 6.29T |
| Stockholders Equity | 5.31B | 5.15B | 4.98T | 4.48T | 4.12T | 3.09T |
Cash Flow | ||||||
| Free Cash Flow | 407.23M | 695.28M | 846.90B | 68.87B | -192.78B | -373.18B |
| Operating Cash Flow | 805.27M | 1.16B | 1.53T | 705.66B | 744.78B | 412.89B |
| Investing Cash Flow | -492.31M | -500.43M | -696.10B | -86.24B | 455.57B | -736.55B |
| Financing Cash Flow | -188.77M | -595.62M | -1.03T | -934.24B | -628.66B | 293.23B |
Enel Chile SA Technical Analysis
Positive
4.39
Price Trends
4.33
Positive
4.16
Positive
3.95
Positive
Market Momentum
0.07
Negative
64.32
Neutral
91.49
Negative
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 4.39 is above the 20-day moving average (MA) of 4.32, above the 50-day MA of 4.33, and above the 200-day MA of 3.95, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 64.32 is Neutral, neither overbought nor oversold. The STOCH value of 91.49 is Negative, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $6.44B | 13.92 | 8.81% | 5.63% | 8.85% | 191.04% | |
69 Neutral | $2.50B | 8.23 | 17.76% | 2.00% | 13.93% | 231.87% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $1.29B | 5.75 | 14.48% | ― | -0.64% | -4.04% | |
60 Neutral | $7.93B | 23.54 | 9.42% | 2.72% | -2.03% | 7.94% | |
60 Neutral | $5.88B | 21.92 | 6.25% | 4.38% | 4.28% | -21.65% | |
52 Neutral | $6.30B | 35.79 | 4.35% | 2.80% | 8.46% | -38.43% |
* Utilities Sector Average
ENIC
Enel Chile SA
4.59
1.19
35.12%
EDN
Edenor SA
27.40
-1.37
-4.76%
IDA
IdaCorp
141.95
31.29
28.28%
TXNM
TXNM Energy
56.45
1.48
2.69%
POR
Portland GE
49.80
11.46
29.89%
CEPU
Central Puerto SA
15.71
3.49
28.56%
Enel Chile SA Corporate Events
Enel Chile Posts Strong Q1 2026 Operating Growth but Profit Hit by Higher Financial Costs
Apr 30, 2026
Enel Chile reported consolidated results for the period ended March 31, 2026, showing net income attributable to shareholders of US$162 million, down 7% year on year as higher financial expenses and lower FX gains outweighed stronger operating per...
Enel Chile Approves US$216 Million Final Dividend from 2025 Earnings
Apr 29, 2026
At its ordinary shareholders’ meeting held on April 28, 2026, Enel Chile S.A. approved a final dividend for fiscal year 2025 of US$268.8 million, equivalent to 50% of its 2025 net income, from which the interim dividend paid in January 2026 ...
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.