Enel Chile (ENIC)
NYSE:ENIC
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Enel Chile SA
(NYSE:ENIC)
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Rating:69Neutral
Price Target:
$5.00
▲(13.90% Upside)
Action:ReiteratedDate:05/04/26
The score is driven primarily by mid-range financial statement quality (recent margin rebound but inconsistent multi-year profits and cash flow) and a moderately positive earnings-call read tempered by regulatory and distribution headwinds. Technicals are supportive with price above major moving averages, while valuation is extremely attractive on the provided P/E and dividend yield.
Positive Factors
Improving leverage / balance-sheet resilience
Reported debt-to-equity improvement and a sizable equity base signal greater balance-sheet resilience for a regulated utility. Lower leverage increases financing flexibility for capex and cushions regulatory or hydrology shocks, supporting investment capacity and long-term credit stability.
Negative Factors
Uneven cash generation and FCF volatility
Irregular free cash flow and historically negative FCF periods indicate cash conversion risks from working-capital swings and heavy investment cycles. For a capital-intensive utility, inconsistent cash generation can constrain dividend sustainability, raise refinancing needs, and amplify sensitivity to regulatory or market shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage / balance-sheet resilience
Reported debt-to-equity improvement and a sizable equity base signal greater balance-sheet resilience for a regulated utility. Lower leverage increases financing flexibility for capex and cushions regulatory or hydrology shocks, supporting investment capacity and long-term credit stability.
Read all positive factors
Enel Chile SA (ENIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.11B
Dividend Yield5.63%
Average Volume (3M)612.49K
Price to Earnings (P/E)8.4
Beta (1Y)0.61
Revenue Growth8.85%
EPS Growth191.04%
CountryUS
Employees1,913
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)7.08
Shares Outstanding1,383,331,200
10 Day Avg. Volume609,734
30 Day Avg. Volume612,485
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.02
Price to Sales (P/S)0.02
P/FCF Ratio0.16
Enterprise Value/Market Cap1.58
Enterprise Value/Revenue4.19
Enterprise Value/Gross Profit12.74
Enterprise Value/Ebitda12.29
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)333.73
Revenue Forecast (FY)$4.06T
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 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 30, 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
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 | 4.50B | 3.94T | 4.82B | 5.12B | 3.31B |
| Gross Profit | 1.09B | 1.01T | 1.42B | 1.14B | 942.86M |
| EBITDA | 1.36B | 630.41B | 1.41B | 2.42B | 422.89M |
| Net Income | 536.78M | 145.11B | 715.81M | 1.46B | 99.63M |
Balance Sheet | |||||
| Total Assets | 12.85B | 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 | 2.83B | 3.95T | 4.00T | 4.09T | 4.28T |
| Total Liabilities | 7.32B | 7.85T | 7.39T | 7.74T | 6.29T |
| Stockholders Equity | 5.15B | 4.98T | 4.48T | 4.12T | 3.09T |
Cash Flow | |||||
| Free Cash Flow | 695.28M | 846.90B | 68.87B | -192.78B | -373.18B |
| Operating Cash Flow | 1.16B | 1.53T | 705.66B | 744.78B | 412.89B |
| Investing Cash Flow | -500.43M | -696.10B | -86.24B | 455.57B | -736.55B |
| Financing Cash Flow | -595.62M | -1.03T | -934.24B | -628.66B | 293.23B |
Enel Chile SA Technical Analysis
Positive
4.39
Price Trends
4.14
Positive
4.10
Positive
3.84
Positive
Market Momentum
0.13
Negative
71.80
Negative
87.39
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 4.16, above the 50-day MA of 4.14, and above the 200-day MA of 3.84, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 71.80 is Negative, neither overbought nor oversold. The STOCH value of 87.39 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | $6.11B | 8.41 | 7.43% | 5.63% | 8.85% | 191.04% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | $1.18B | 7.88 | 11.90% | ― | 13.04% | -31.49% | |
62 Neutral | $8.12B | 28.93 | 9.38% | 2.72% | -2.03% | 7.94% | |
61 Neutral | $2.32B | 41.27 | 14.42% | 2.00% | 15.14% | 460.29% | |
59 Neutral | $6.55B | 351.37 | 4.85% | 2.80% | 8.46% | -38.43% | |
58 Neutral | $5.67B | 32.39 | 7.76% | 4.38% | 4.28% | -21.65% |
* Utilities Sector Average
ENIC
Enel Chile SA
4.44
0.94
26.78%
EDN
Edenor SA
24.33
-4.54
-15.73%
IDA
IdaCorp
146.61
32.44
28.42%
TXNM
TXNM Energy
59.19
8.12
15.89%
POR
Portland GE
49.01
8.55
21.13%
CEPU
Central Puerto SA
14.29
3.94
38.07%
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$268.8 million, equivalent to 50% of its 2025 net income, from which the interim dividend paid in January 2026 ...
Enel Chile Posts Higher 2025 Profit on Currency Shift Despite Softer Underlying Earnings
Mar 2, 2026
Enel Chile reported consolidated net income attributable to shareholders of US$ 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 ...
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.