Elecnor SA (ES:ENO)
BME:ENO
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Elecnor
(BME:ENO)
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Rating:66Neutral
Price Target:
€36.00
▲(47.24% Upside)
Action:ReiteratedDate:04/01/26
The score is driven primarily by improved financial resilience (much lower leverage) and a strong 2025 cash-flow rebound. Technicals are supportive with a clear uptrend, but overbought signals add near-term risk. Valuation is helped by an unusually high dividend yield, while a moderate P/E and the 2025 revenue decline/earnings volatility keep the overall score in the mid-range.
Positive Factors
Material leverage reduction / stronger balance sheet
Leverage has moved from elevated levels to conservative ratios, giving Elecnor more financial flexibility to pursue large multi-year contracts, absorb project timing shocks, and sustain capital allocation (dividends, capex, or bolt-on investments) over the medium term.
Negative Factors
Sharp revenue contraction in 2025
A pronounced revenue drop reduces backlog visibility and weakens near-term operating leverage. For a project-driven contractor, sustained or repeated revenue declines impair fixed-cost absorption and bidding capacity, raising execution and margin pressure over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Material leverage reduction / stronger balance sheet
Leverage has moved from elevated levels to conservative ratios, giving Elecnor more financial flexibility to pursue large multi-year contracts, absorb project timing shocks, and sustain capital allocation (dividends, capex, or bolt-on investments) over the medium term.
Read all positive factors
Elecnor (ENO) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€2.93B
Dividend Yield13%
Average Volume (3M)146.16K
Price to Earnings (P/E)18.7
Beta (1Y)0.92
Revenue Growth11.61%
EPS Growth-212.68%
CountryES
Employees20,583
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)0.71
Shares Outstanding87,000,000
10 Day Avg. Volume217,874
30 Day Avg. Volume146,157
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)2.20
Price to Sales (P/S)0.47
P/FCF Ratio5.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.47
Revenue Forecast (FY)€4.52B
Elecnor Business Overview & Revenue Model
Company Description
Elecnor, S.A. engages in the infrastructure and concessions businesses in Spain and internationally. The company operates power transport lines and transformation substations; generates power from wind farms, as well as solar, combined cycle, and ...
How the Company Makes Money
Elecnor primarily makes money by delivering contracted engineering and construction projects and by providing ongoing infrastructure services. A significant share of revenue is generated through turnkey (EPC) and construction contracts for energy ...
Elecnor Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.39B | 3.81B | 3.79B | 3.39B | 3.12B |
| Gross Profit | 719.51M | 1.87B | 1.63B | 1.57B | 1.54B |
| EBITDA | 298.16M | 178.47M | 200.98M | 157.32M | 269.10M |
| Net Income | 110.73M | 705.20M | 110.06M | 102.81M | 85.88M |
Balance Sheet | |||||
| Total Assets | 3.66B | 3.61B | 4.08B | 3.56B | 3.29B |
| Cash, Cash Equivalents and Short-Term Investments | 782.55M | 429.01M | 336.87M | 385.36M | 399.64M |
| Total Debt | 349.76M | 270.31M | 668.44M | 1.04B | 1.01B |
| Total Liabilities | 2.72B | 2.44B | 3.15B | 2.72B | 2.65B |
| Stockholders Equity | 943.10M | 1.17B | 906.45M | 807.21M | 609.26M |
Cash Flow | |||||
| Free Cash Flow | 374.56M | -2.43M | 111.51M | 70.96M | 98.47M |
| Operating Cash Flow | 474.36M | 94.45M | 206.00M | 226.87M | 206.19M |
| Investing Cash Flow | -134.97M | 963.31M | -268.06M | -128.55M | -99.96M |
| Financing Cash Flow | -230.08M | -1.04B | 73.70M | -113.91M | -109.75M |
Elecnor Technical Analysis
Positive
24.45
Price Trends
28.88
Positive
27.80
Positive
26.04
Positive
Market Momentum
1.55
Negative
70.50
Negative
95.86
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:ENO, the sentiment is Positive. The current price of 24.45 is below the 20-day moving average (MA) of 30.70, below the 50-day MA of 28.88, and below the 200-day MA of 26.04, indicating a bullish trend. The MACD of 1.55 indicates Negative momentum. The RSI at 70.50 is Negative, neither overbought nor oversold. The STOCH value of 95.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:ENO.
Elecnor Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €2.93B | 18.70 | -3.10% | 13.00% | 11.61% | -212.68% | |
65 Neutral | €28.95B | 22.99 | 20.71% | 2.38% | 25.47% | 7.63% | |
62 Neutral | €41.14B | 44.79 | 69.30% | 1.42% | 5.75% | 346.20% | |
60 Neutral | €12.66B | 12.61 | 18.00% | 2.87% | 4.87% | 339.22% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €5.16B | ― | 7.94% | 4.49% | 5.00% | -64.19% | |
53 Neutral | €3.52B | 32.80 | 8.86% | 5.28% | 2.03% | -32.59% |
* General Sector Average
ES:ENO
Elecnor
34.55
20.29
142.27%
ES:ANA
Acciona
231.60
127.87
123.26%
ES:ACS
Actividades de Construccion y Servicios SA
111.10
65.83
145.44%
ES:FER
Ferrovial
57.28
20.61
56.22%
ES:FCC
Fomento de Construcciones y Contratas
10.90
1.30
13.53%
ES:SCYR
Sacyr SA
4.46
1.72
62.64%
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.