Enel SpA Unsponsored ADR (ENLAY)
OTHER OTC:ENLAY
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Enel SpA Unsponsored ADR
(OTC:ENLAY)
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Rating:58Neutral
Price Target:
$11.00
▲(7.53% Upside)
Action:DowngradedDate:03/25/26
The score is driven mainly by middling financial fundamentals (recent revenue/margin softness and high leverage) balanced by a constructive earnings call with supportive guidance and capital returns. Technical indicators weaken the near-term setup, while valuation is only moderately supportive due to a solid yield but a not-cheap P/E.
Positive Factors
Regulated distribution revenue
Enel's large regulated distribution business delivers stable, tariff‑based cash flows tied to the regulated asset base and quality incentives. This durable revenue stream reduces earnings volatility, underpins investment capacity and supports predictable capital returns over the medium term.
Negative Factors
Elevated leverage
Debt levels around 2.1x equity (and higher in prior years) constrain financial flexibility and increase sensitivity to interest rates and refinancing cycles. That limits room for growth capex or bolt‑on M&A and raises vulnerability if cash conversion weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated distribution revenue
Enel's large regulated distribution business delivers stable, tariff‑based cash flows tied to the regulated asset base and quality incentives. This durable revenue stream reduces earnings volatility, underpins investment capacity and supports predictable capital returns over the medium term.
Read all positive factors
Enel SpA Unsponsored ADR (ENLAY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$109.18B
Dividend Yield5.07%
Average Volume (3M)126.59K
Price to Earnings (P/E)23.6
Beta (1Y)0.16
Revenue Growth-1.41%
EPS Growth28.43%
CountryUS
Employees60,584
SectorUtilities
Sector Strength65
IndustryDiversified Utilities
Share Statistics
EPS (TTM)0.17
Shares Outstanding10,166,680,000
10 Day Avg. Volume0
30 Day Avg. Volume126,591
Financial Highlights & Ratios
PEG Ratio-0.53
Price to Book (P/B)2.99
Price to Sales (P/S)1.28
P/FCF Ratio18.39
Enterprise Value/Market Cap1.44
Enterprise Value/Revenue2.12
Enterprise Value/Gross Profit6.44
Enterprise Value/Ebitda5.75
Forecast
1Y Price Target
$11.32Price Target Upside10.65% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.84
Revenue Forecast (FY)$92.74B
Enel SpA Unsponsored ADR Business Overview & Revenue Model
Company Description
Enel SpA operates as an integrated electricity and gas operator worldwide. The company generates, transmits, distributes, purchases, transports, and sells electricity; transports and markets natural gas; supplies LNG; designs, develops, constructs...
How the Company Makes Money
Enel primarily makes money through a mix of regulated network revenues and competitive energy businesses. A major earnings pillar is its regulated electricity distribution business: Enel owns and operates distribution grids and earns regulated ret...
Enel SpA Unsponsored ADR Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant growth in EBITDA and net income, improved financial metrics, and strong performance in environmental sustainability and efficiency. However, challenges related to regulatory issues in Spain and resource availability in Italy were noted. Overall, the positive aspects outweigh the challenges.Positive Updates
Steady Growth in EBITDA and Net Income
EBITDA reached EUR 17.3 billion and net income reached EUR 5.7 billion, showing continuous improvement and steady growth.
Negative Updates
Challenges in Italy
Lower water resource availability affected the results of hydroelectric plants in Italy.
Read all updates
Q3-2025 Updates
Positive
Negative
Steady Growth in EBITDA and Net Income
EBITDA reached EUR 17.3 billion and net income reached EUR 5.7 billion, showing continuous improvement and steady growth.
Read all positive updates
Company Guidance
During the call, Enel provided guidance highlighting their strategic focus and financial performance. The company reported a steady growth in EBITDA and net income, reaching EUR 17.3 billion and EUR 5.7 billion, respectively. The guidance emphasized a strong focus on European markets, which now contribute 75% of the group EBITDA and 90% of net income. Enel expects the EBITDA to net income conversion ratio to reach 30% by year-end, which is 5 percentage points above the 2020-2022 average. The interim dividend distribution is set for January, equating to 50% of the guidance floor, with the final payout in July up to 70% of net ordinary income. Enel's commitment to environmental sustainability was also highlighted, with emission-free production accounting for 84% of total generation. The company confirmed its expectation to close the year with ordinary EBITDA aligned to the guidance and net income slightly above the top of the guidance range. Despite a EUR 1 billion share buyback, net debt to EBITDA remained steady at 2.5x. Enel also detailed its capital allocation strategy, including a EUR 6 billion share buyback plan spanning Enel SpA and its subsidiaries.Enel SpA Unsponsored ADR Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
57
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 74.98B | 78.95B | 92.88B | 142.42B | 96.55B |
| Gross Profit | 13.27B | 32.47B | 31.69B | 28.71B | 30.96B |
| EBITDA | 19.42B | 22.74B | 18.30B | 18.18B | 13.70B |
| Net Income | 4.06B | 7.02B | 3.44B | 5.22B | 3.19B |
Balance Sheet | |||||
| Total Assets | 178.58B | 187.14B | 195.22B | 219.62B | 206.94B |
| Cash, Cash Equivalents and Short-Term Investments | 5.06B | 10.92B | 11.33B | 24.79B | 11.02B |
| Total Debt | 68.73B | 70.35B | 73.56B | 87.91B | 70.92B |
| Total Liabilities | 131.80B | 137.97B | 150.12B | 177.54B | 164.60B |
| Stockholders Equity | 32.05B | 33.73B | 25.20B | 28.66B | 29.65B |
Cash Flow | |||||
| Free Cash Flow | 5.21B | 4.29B | 1.85B | -4.57B | -2.13B |
| Operating Cash Flow | 13.38B | 13.22B | 14.62B | 8.67B | 10.07B |
| Investing Cash Flow | -10.46B | -4.11B | -10.61B | -13.63B | -10.88B |
| Financing Cash Flow | -5.41B | -7.99B | -8.36B | 7.37B | 3.78B |
Enel SpA Unsponsored ADR Technical Analysis
Neutral
10.23
Price Trends
11.03
Negative
10.62
Positive
9.90
Positive
Market Momentum
-0.11
Positive
43.36
Neutral
5.57
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENLAY, the sentiment is Neutral. The current price of 10.23 is below the 20-day moving average (MA) of 11.13, below the 50-day MA of 11.03, and above the 200-day MA of 9.90, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 43.36 is Neutral, neither overbought nor oversold. The STOCH value of 5.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ENLAY.
Enel SpA Unsponsored ADR Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $7.56B | 6.53 | 17.23% | 12.98% | -0.38% | -53.94% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
59 Neutral | $16.43B | 35.60 | 9.74% | 4.92% | 8.14% | ― | |
58 Neutral | $109.18B | 23.59 | 12.93% | 5.07% | -1.41% | 28.43% | |
58 Neutral | $62.27B | 31.37 | 5.82% | 2.91% | 9.07% | -28.58% | |
52 Neutral | $10.02B | 10.76 | 20.35% | 5.06% | -1.55% | 12.83% |
* Utilities Sector Average
ENLAY
Enel SpA Unsponsored ADR
10.75
3.12
40.83%
BIP
Brookfield Infrastructure
35.57
6.89
24.04%
CIG
Companhia Energetica Minas Gerais
2.40
0.81
50.56%
SRE
Sempra Energy
95.32
26.64
38.80%
AES
AES
14.06
2.25
19.01%
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.