Endesa SA (ES:ELE)
BME:ELE
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Endesa SA
(BME:ELE)
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Rating:66Neutral
Price Target:
€42.00
▲(13.88% Upside)
Action:ReiteratedDate:03/08/26
The score is driven primarily by mixed financial performance—stronger cash flow and improving leverage offset by weak operating profitability (negative EBIT) and a sharp margin decline. Technicals add support due to a clear uptrend with balanced momentum, and valuation is reasonable given the mid-teens P/E and ~4% dividend yield.
Positive Factors
Regulated distribution revenue stability
Endesa’s regulated distribution business earns allowed returns and generates predictable network revenue. That regulated cash flow profile underpins long-term earnings stability versus merchant generation, supporting durable revenue visibility and making cashflows less cyclical over a 2–6 month horizon and beyond.
Negative Factors
Weak operating profitability and margin volatility
A sharp gross margin decline and negative EBIT indicate operating profitability is impaired and volatile. Reliance on below-the-line items to reach positive net income undermines earnings quality and raises risk that operational performance may not sustain reported profits long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated distribution revenue stability
Endesa’s regulated distribution business earns allowed returns and generates predictable network revenue. That regulated cash flow profile underpins long-term earnings stability versus merchant generation, supporting durable revenue visibility and making cashflows less cyclical over a 2–6 month horizon and beyond.
Read all positive factors
Endesa SA (ELE) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€40.05B
Dividend Yield4.32%
Average Volume (3M)731.70K
Price to Earnings (P/E)14.8
Beta (1Y)0.45
Revenue Growth0.46%
EPS Growth17.60%
CountryES
Employees8,948
SectorGeneral
Sector StrengthN/A
IndustryRegulated Electric
Share Statistics
EPS (TTM)0.62
Shares Outstanding1,041,744,500
10 Day Avg. Volume720,867
30 Day Avg. Volume731,700
Financial Highlights & Ratios
PEG Ratio0.88
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
€30.92Price Target Upside-16.17% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering10
EPS Forecast (FY)2.24
Revenue Forecast (FY)€21.78B
Endesa SA Business Overview & Revenue Model
Company Description
Endesa, S.A. engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar. As of December ...
How the Company Makes Money
Endesa makes money through a mix of regulated and market-based energy activities. A major revenue stream comes from selling electricity to end customers (retail supply), where it earns revenue based on contracted tariffs or market-linked pricing a...
Endesa SA Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
62
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.02B | 20.93B | 25.06B | 32.54B | 20.52B |
| Gross Profit | 7.01B | 7.49B | 8.42B | 8.84B | 4.88B |
| EBITDA | 5.31B | 4.95B | 3.32B | 5.38B | 4.38B |
| Net Income | 2.20B | 1.89B | 742.00M | 2.54B | 1.44B |
Balance Sheet | |||||
| Total Assets | 37.48B | 37.34B | 41.28B | 50.07B | 39.97B |
| Cash, Cash Equivalents and Short-Term Investments | 263.00M | 1.34B | 3.32B | 7.14B | 1.58B |
| Total Debt | 10.89B | 10.96B | 13.73B | 18.49B | 10.38B |
| Total Liabilities | 27.87B | 28.29B | 34.08B | 44.31B | 34.42B |
| Stockholders Equity | 8.52B | 8.11B | 7.02B | 5.56B | 5.38B |
Cash Flow | |||||
| Free Cash Flow | 2.21B | 1.72B | 2.41B | -460.00M | 539.00M |
| Operating Cash Flow | 4.05B | 3.57B | 4.70B | 1.67B | 2.62B |
| Investing Cash Flow | -2.71B | -1.33B | 3.19B | -8.16B | -3.07B |
| Financing Cash Flow | -1.99B | -3.50B | -6.65B | 6.65B | 752.00M |
Endesa SA Technical Analysis
Positive
36.88
Price Trends
34.54
Positive
32.55
Positive
29.90
Positive
Market Momentum
0.87
Positive
57.81
Neutral
20.81
Neutral
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 above the 20-day moving average (MA) of 36.42, above the 50-day MA of 34.54, and above the 200-day MA of 29.90, indicating a bullish trend. The MACD of 0.87 indicates Positive momentum. The RSI at 57.81 is Neutral, neither overbought nor oversold. The STOCH value of 20.81 is Neutral, 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 | €26.26B | 12.42 | 24.33% | 6.66% | 0.98% | 9.89% | |
66 Neutral | €40.05B | 14.75 | 25.60% | 4.32% | 0.46% | 17.60% | |
64 Neutral | €22.86B | 9.83 | 7.85% | 6.18% | -3.96% | 15.40% | |
62 Neutral | €133.09B | 31.54 | 12.54% | 2.92% | 1.80% | 9.80% | |
62 Neutral | €8.04B | 16.24 | 8.88% | 4.27% | 4.10% | 37.07% | |
60 Neutral | €12.96B | 12.61 | 18.00% | 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
38.45
13.50
54.13%
ES:ANA
Acciona
237.20
114.00
92.54%
ES:NTGY
Naturgy Energy Group, S.A.
27.34
2.57
10.38%
ES:IBE
Iberdrola
19.93
4.82
31.88%
ES:RED
Redeia Corporación
14.91
-3.66
-19.69%
ES:REP
Repsol
20.89
10.72
105.33%
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.