Elecnor (ENO) AI Stock Analysis

• Market Cap: €2.03B
• Dividend Yield: 34.7%
• Average Volume (3M): 99.25K
• Price to Earnings (P/E): 18.4
• Beta (1Y): 1.01
• Revenue Growth: 11.61%
• EPS Growth: -212.68%
• Country: ES
• Employees: 20,583
• Sector: Industrials
• Sector Strength: 78
• Industry: Industrial - Infrastructure Operations
• EPS (TTM): 0.59
• Shares Outstanding: 87,000,000
• 10 Day Avg. Volume: 111,367
• 30 Day Avg. Volume: 99,250
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €26.00
• Price Target Upside: 8.79% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: €26.00 ▲(8.79% Upside)

Elecnor's stock score is primarily driven by solid financial performance and bullish technical indicators, offset by valuation concerns due to a negative P/E ratio. The high dividend yield adds a positive aspect for income investors. The absence of earnings call data and corporate events means these factors do not impact the score.

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 hydroelectric plants; and provides gas related services covering gas pipeline transportation and distribution. It also develops telecommunications infrastructures and systems; carries out turnkey projects covering electrification, signaling, interlock, communications, and control systems for railways, subways, trams, and trolleybuses; and offers technical, commercial, and ancillary services, as well as maintenance services. In addition, the company is involved in civil and industrial works, construction, and edification business; hydrological planning activities; operating water transportation and distribution networks; treatment and reuse of waste and sewerage; and water purification activities; and waste management, forestry, maintenance of green areas, street cleaning, and the maintenance and infrastructure conservation activities, as well as provides electromechanical systems; and turnkey solutions through its waste treatment engineering developments. Further, it acts as an installation contractor for buildings, cultural and recreational centers, airport and railway terminal buildings, hotels and hospitals, industrial plants, cogeneration and trigeneration plants, etc.; and designs, engineers, and develops solutions and integration systems in aerospace industry, and information and telecommunications technologies. Additionally, the company operates as a turnkey developer and operator of wind power farms; invests and develops solar photovoltaic and thermoelectric solar energy projects; and constructs and operates wastewater treatment plants. Elecnor, S.A. was incorporated in 1958 and is based in Madrid, Spain. Elecnor, S.A. is a subsidiary of Cantiles XXI, S.L.

How the Company Makes Money

Elecnor generates revenue through multiple key streams, primarily from the execution of engineering and construction contracts in the energy and telecommunications sectors. The company undertakes large-scale projects for both public and private clients, which involve significant capital investment and long-term contracts. Revenue is also derived from the operation and maintenance of energy facilities, particularly in renewable energy, where Elecnor has established a strong foothold. Additionally, partnerships with government entities and other corporations enhance its project pipeline and revenue potential. By diversifying its portfolio across various sectors and maintaining strategic alliances, Elecnor effectively mitigates risks and capitalizes on growth opportunities in the evolving energy landscape.

Elecnor Financial Statement Overview

Summary

Elecnor demonstrates a solid growth trajectory in revenue and net income, despite challenges in EBIT and cash flow. The balance sheet shows improved equity and reduced leverage, enhancing financial stability. However, the cash flow position requires attention, particularly in maintaining positive free cash flow.

Income Statement

Elecnor's revenue has shown moderate growth, with a notable increase from 2023 to 2024. However, the company experienced a significant decline in EBIT, resulting in a negative EBIT margin for 2024. Gross profit margin remains strong, but net profit margin saw a considerable improvement due to a substantial net income increase in 2024.

Balance Sheet

The company has strengthened its equity position over time, reflected in a higher equity ratio. Debt levels have decreased, leading to a lower debt-to-equity ratio, which indicates reduced leverage risk. Return on equity has improved significantly due to increased net income, showcasing enhanced profitability.

Cash Flow

Elecnor's cash flow from operations has declined, and free cash flow turned negative in 2024, indicating potential liquidity challenges. The operating cash flow to net income ratio has decreased, suggesting less cash generation from operations relative to net income. However, the company has managed its capital expenditures efficiently in previous years.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.81B	3.79B	3.61B	3.12B	2.46B
Gross Profit	1.87B	1.63B	1.80B	1.54B	1.22B
EBITDA	43.88M	200.98M	157.32M	269.10M	233.04M
Net Income	705.20M	110.06M	102.81M	85.88M	78.30M
Balance Sheet
Total Assets	3.61B	4.08B	3.56B	3.29B	3.05B
Cash, Cash Equivalents and Short-Term Investments	429.01M	336.87M	385.36M	399.64M	401.36M
Total Debt	270.31M	668.44M	1.04B	1.01B	1.09B
Total Liabilities	2.44B	3.15B	2.72B	2.65B	2.45B
Stockholders Equity	1.17B	906.45M	807.21M	609.26M	576.08M
Cash Flow
Free Cash Flow	-2.43M	111.51M	70.96M	98.47M	-35.70M
Operating Cash Flow	94.45M	206.00M	226.87M	206.19M	193.99M
Investing Cash Flow	963.31M	-268.06M	-128.55M	-99.96M	-209.60M
Financing Cash Flow	-1.04B	73.70M	-113.91M	-109.75M	82.13M

Elecnor Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 23.9 is above the 20-day moving average (MA) of 23.42, above the 50-day MA of 22.29, and above the 200-day MA of 17.41, indicating a bullish trend. The MACD of 0.45 indicates Positive momentum. The RSI at 61.57 is Neutral, neither overbought nor oversold. The STOCH value of 76.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:ENO.

Elecnor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	€10.78B	24.33	6.80%	2.54%	4.78%	-14.91%
ENO	65 Neutral	€2.03B	18.38	-6.79%	34.70%	11.61%	-212.68%
0HAC	―	€17.07B	19.41	19.75%	―	―	―
0P2N	―	€33.51B	10.08	69.30%	1.22%	―	―
0HAA	―	€5.15B	21.88	5.28%	―	―	―
0MKG	―	€541.68M	0.73	-7.07%	―	―	―
0OFU	―	€2.94B	31.87	9.65%	―	―	―

Elecnor Corporate Events

Elecnor Re-elects Executive Committee Member

The Board of Directors of Elecnor has re-elected Mr. Rafael Martín de Bustamante Vega as a member of its Executive Committee for another four-year term. This decision was made following the Ordinary General Shareholders’ Meeting, indicating a continuity in leadership that could impact the company’s strategic direction and stability.

Elecnor Group’s Forward-Looking Statements and Financial Projections

Elecnor Group has released a communication containing forward-looking statements and financial projections. The company advises caution as these statements are subject to risks and uncertainties, which could significantly impact actual results and developments.