Enel S.p.A. (IT:ENEL)
:ENEL
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Enel S.p.A.
(ENEL)
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Rating:63Neutral
Price Target:
€9.50
▲(3.15% Upside)
Action:ReiteratedDate:03/21/26
The score is driven primarily by a stable but not conservative financial profile—strong operating margins and positive free cash flow are tempered by elevated and rising leverage and lower net income versus 2024. Valuation supports the stock (low-teens P/E and ~5.3% dividend yield), while technicals are mixed with near-term weakness but a still-supportive longer-term trend.
Positive Factors
Integrated utility model (generation, networks, retail)
Enel’s vertical integration across generation, distribution and retail creates diversified, multi-jurisdictional revenue streams and natural hedges between regulated network returns and competitive supply. This breadth supports stable cash generation, cross-selling and long-term resilience.
Negative Factors
High and rising leverage
Elevated debt-to-equity increases sensitivity to interest rates and refinancing cycles, raising financing costs and constraining allocation to growth or deleveraging. Persistent high leverage reduces optionality for large capital projects and amplifies macroeconomic downside risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated utility model (generation, networks, retail)
Enel’s vertical integration across generation, distribution and retail creates diversified, multi-jurisdictional revenue streams and natural hedges between regulated network returns and competitive supply. This breadth supports stable cash generation, cross-selling and long-term resilience.
Read all positive factors
Enel S.p.A. (ENEL) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€93.52B
Dividend Yield5.05%
Average Volume (3M)18.57M
Price to Earnings (P/E)22.8
Beta (1Y)0.68
Revenue Growth-3.10%
EPS Growth26.28%
CountryIT
Employees60,584
SectorUtilities
Sector Strength65
IndustryDiversified Utilities
Share Statistics
EPS (TTM)0.15
Shares Outstanding10,166,680,000
10 Day Avg. Volume18,957,494
30 Day Avg. Volume18,567,472
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)3.00
Price to Sales (P/S)1.23
P/FCF Ratio17.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€9.97Price Target Upside8.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)0.72
Revenue Forecast (FY)€79.39B
Enel S.p.A. 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 by generating, delivering, and selling electricity across regulated and competitive markets. A major revenue stream comes from the sale of electricity to end customers (retail/energy supply), where Enel bills customers b...
Enel S.p.A. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
54
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 78.06B | 70.65B | 82.50B | 102.67B | 68.37B |
| Gross Profit | 13.82B | 37.88B | 33.59B | 4.72B | 19.08B |
| EBITDA | 20.22B | 22.02B | 19.39B | 20.11B | 16.40B |
| Net Income | 4.22B | 7.02B | 3.44B | 1.68B | 3.19B |
Balance Sheet | |||||
| Total Assets | 178.66B | 187.14B | 195.22B | 219.87B | 206.94B |
| Cash, Cash Equivalents and Short-Term Investments | 5.07B | 10.98B | 11.33B | 23.19B | 28.61B |
| Total Debt | 68.76B | 71.32B | 75.11B | 89.59B | 72.66B |
| Total Liabilities | 131.85B | 137.97B | 150.12B | 177.79B | 164.60B |
| Stockholders Equity | 32.07B | 33.73B | 31.75B | 28.66B | 29.65B |
Cash Flow | |||||
| Free Cash Flow | 5.42B | 4.29B | 1.85B | -4.57B | -630.00M |
| Operating Cash Flow | 13.93B | 13.22B | 14.62B | 8.67B | 9.91B |
| Investing Cash Flow | -10.89B | -4.11B | -10.61B | -13.63B | -12.17B |
| Financing Cash Flow | -5.63B | -7.99B | -8.36B | 7.37B | 5.23B |
Enel S.p.A. Technical Analysis
Neutral
9.21
Price Trends
9.41
Negative
9.04
Positive
8.39
Positive
Market Momentum
-0.04
Positive
44.04
Neutral
14.72
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ENEL, the sentiment is Neutral. The current price of 9.21 is below the 20-day moving average (MA) of 9.59, below the 50-day MA of 9.41, and above the 200-day MA of 8.39, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 44.04 is Neutral, neither overbought nor oversold. The STOCH value of 14.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:ENEL.
Enel S.p.A. Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | €7.22B | 9.65 | 13.08% | 4.37% | 8.61% | -22.69% | |
64 Neutral | €4.62B | 9.79 | 14.57% | 4.33% | -26.96% | 25.00% | |
63 Neutral | €93.52B | 22.77 | 23.22% | 5.05% | -3.10% | 26.28% | |
61 Neutral | €3.14B | 23.79 | 9.06% | 5.06% | 10.48% | 9.06% | |
56 Neutral | €5.67B | 21.49 | 13.30% | 3.76% | 15.98% | 19.01% |
* Utilities Sector Average
IT:ENEL
Enel S.p.A.
9.21
2.33
33.86%
IT:A2A
A2A SpA
2.35
0.25
12.13%
IT:ACE
ACEA SPA
21.88
3.95
22.00%
IT:EDNR
Edison Spa
2.16
0.36
20.39%
IT:HER
HERA S.p.A.
3.88
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2.57%
IT:IRE
Iren S.p.A.
2.38
0.18
8.13%
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.