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Endesa SA
(BME:ELE)
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Rating:69Neutral
Price Target:
€44.00
▲(19.31% Upside)
Action:Reiterated
Date:05/09/26
The score is primarily supported by solid profitability and positive free cash flow, with valuation also favorable due to a moderate P/E and a ~3.6% dividend yield. The main constraints are weak recent revenue momentum and mixed technical signals, including below-neutral RSI and price below the 20-day average.
Positive Factors
Regulated distribution franchise
Endesa’s ownership and operation of regulated distribution networks creates a predictable earnings stream tied to allowed returns. This structural regulatory revenue base supports stable cash flows and credit metrics over multi-year investment cycles and underpins long-term capital recovery for grid modernization.
Negative Factors
Steep revenue decline
A ~37% TTM revenue decline is a meaningful structural headwind: sustained top-line weakness can erode absolute earnings power, constrain reinvestment capacity, and make margins and FCF more dependent on commodity and regulatory dynamics rather than organic volume or customer growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated distribution franchise
Endesa’s ownership and operation of regulated distribution networks creates a predictable earnings stream tied to allowed returns. This structural regulatory revenue base supports stable cash flows and credit metrics over multi-year investment cycles and underpins long-term capital recovery for grid modernization.
Read all positive factors
Endesa SA (ELE) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€41.03B
Dividend Yield4.32%
Average Volume (3M)731.70K
Price to Earnings (P/E)17.9
Beta (1Y)0.48
Revenue Growth-1.55%
EPS Growth9.15%
CountryES
Employees8,948
SectorGeneral
Sector StrengthN/A
IndustryRegulated Electric
Share Statistics
EPS (TTM)2.23
Shares Outstanding1,041,744,500
10 Day Avg. Volume720,867
30 Day Avg. Volume731,700
Financial Highlights & Ratios
PEG Ratio0.81
Price to Book (P/B)3.81
Price to Sales (P/S)1.54
P/FCF Ratio14.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€31.93Price Target Upside-13.42% Downside
Rating ConsensusStrong Sell
Number of Analyst Covering5
EPS Forecast (FY)2.28
Revenue Forecast (FY)€21.41B
Endesa SA Business Overview & Revenue Model
Company Description
Endesa, S.A. primarily conducts its business in Spain and Portugal, focusing on the production, distribution, and retail sale of electricity. The company generates its power from a diverse range of energy sources, including hydroelectric, nuclear,...
How the Company Makes Money
Endesa makes money mainly by selling electricity to end customers and by earning regulated returns for operating electricity distribution networks.
1) Electricity retail supply (customer sales): Endesa purchases electricity in wholesale markets a...
Endesa SA Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.94B | 21.02B | 20.93B | 25.06B | 32.54B | 20.52B |
| Gross Profit | 7.22B | 7.01B | 7.49B | 8.42B | 8.84B | 4.88B |
| EBITDA | 5.57B | 5.31B | 4.95B | 3.32B | 5.38B | 4.38B |
| Net Income | 2.34B | 2.20B | 1.89B | 742.00M | 2.54B | 1.44B |
Balance Sheet | ||||||
| Total Assets | 39.74B | 37.48B | 37.34B | 41.28B | 50.07B | 39.97B |
| Cash, Cash Equivalents and Short-Term Investments | 94.00M | 263.00M | 1.34B | 3.32B | 7.14B | 1.58B |
| Total Debt | 11.57B | 10.89B | 10.96B | 13.73B | 18.49B | 10.38B |
| Total Liabilities | 30.09B | 27.87B | 28.29B | 34.08B | 44.31B | 34.42B |
| Stockholders Equity | 8.57B | 8.52B | 8.11B | 7.02B | 5.56B | 5.38B |
Cash Flow | ||||||
| Free Cash Flow | 2.13B | 2.21B | 1.72B | 2.41B | -460.00M | 539.00M |
| Operating Cash Flow | 4.00B | 4.05B | 3.57B | 4.70B | 1.67B | 2.62B |
| Investing Cash Flow | -2.81B | -2.71B | -1.33B | 3.19B | -8.16B | -3.07B |
| Financing Cash Flow | -1.03B | -1.99B | -3.50B | -6.65B | 6.65B | 752.00M |
Endesa SA Technical Analysis
Positive
36.88
Price Trends
37.32
Positive
35.93
Positive
32.81
Positive
Market Momentum
0.67
Negative
74.82
Negative
93.60
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:ELE, the sentiment is Positive. The current price of 36.88 is below the 20-day moving average (MA) of 37.79, below the 50-day MA of 37.32, and above the 200-day MA of 32.81, indicating a bullish trend. The MACD of 0.67 indicates Negative momentum. The RSI at 74.82 is Negative, neither overbought nor oversold. The STOCH value of 93.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:ELE.
Endesa SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €26.38B | 13.33 | 23.65% | 6.66% | 0.98% | 9.89% | |
69 Neutral | €41.03B | 17.88 | 27.50% | 4.32% | -1.55% | 9.15% | |
68 Neutral | €24.09B | 10.05 | 10.51% | 6.18% | -0.48% | 124.35% | |
62 Neutral | €145.88B | 23.48 | 11.79% | 2.92% | -0.50% | 19.02% | |
62 Neutral | €8.03B | 12.84 | 12.00% | 4.27% | 4.10% | 37.07% | |
60 Neutral | €15.15B | 22.23 | 14.59% | 2.87% | 5.45% | 90.20% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
ES:ELE
Endesa SA
39.88
13.16
49.23%
ES:ANA
Acciona
277.20
127.24
84.85%
ES:NTGY
Naturgy Energy Group, S.A.
27.46
1.69
6.55%
ES:IBE
Iberdrola
21.84
5.97
37.57%
ES:RED
Redeia Corporación
14.89
-2.16
-12.66%
ES:REP
Repsol
22.01
10.19
86.16%
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.