ENEA SA (ENA) AI Stock Analysis

• Market Cap: zł11.70B
• Dividend Yield: 2.58%
• Average Volume (3M): 306.82K
• Price to Earnings (P/E): 3.1
• Beta (1Y): 0.91
• Revenue Growth: -23.28%
• EPS Growth: -39.53%
• Country: PL
• Employees: 18,005
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): N/A
• Shares Outstanding: 529,731,100
• 10 Day Avg. Volume: 329,257
• 30 Day Avg. Volume: 306,818
• PEG Ratio: -0.02
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.22
• P/FCF Ratio: 3.46
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: zł18.50 ▼(-10.63% Downside)
• Action: N/A Date: 09/14/25
• Date: Action: N/A 09/14/25

ENEA SA's overall stock score of 67 is primarily driven by solid financial performance (score: 70), with strong cash flow growth and a stable balance sheet, though tempered by declining revenue. A favorable valuation (score: 80) with a low P/E ratio and decent dividend yield adds to the positive outlook. Limited technical analysis data (score: 50) introduces uncertainty, but financials remain the key strength.

ENEA SA Business Overview & Revenue Model

Company Description

Enea S.A., together with its subsidiaries, generates, transmits, distributes, and trades in electricity in Poland. It generates electricity from wind farms, and hydropower and biogas plants, as well as hard coal. The company sells electricity to 2.4 million customers, including individual consumers, and small and medium-sized companies, as well as large industrial plants. It also produces and sells coal and heat; maintains and modernizes road lighting equipment; and provides transport, repair, and construction services. The company was formerly known as Energetyka Poznanska S.A. Enea S.A. was founded in 1904 and is headquartered in Poznan, Poland.

How the Company Makes Money

ENEA generates revenue primarily through the licensing of its software products and solutions, which are tailored for telecommunications, automotive, and IoT industries. Key revenue streams include software licenses, maintenance and support services, and consulting services. The company also earns income from the development of customized software solutions for its clients. Strategic partnerships with telecom operators and technology providers enhance its market reach and contribute to steady revenue flows. Additionally, ENEA capitalizes on its expertise in cybersecurity and real-time systems, which are in high demand due to increasing security concerns and the need for reliable performance in critical applications.

ENEA SA Financial Statement Overview

Summary

ENEA SA's financial performance is solid, with a strong cash flow score of 75 driven by 12% free cash flow growth and healthy liquidity. The balance sheet score of 70 reflects manageable leverage and a stable equity ratio of 38.8%. However, the income statement score of 65 highlights concerns with a 7.6% revenue decline and moderate profitability, tempering the overall outlook.

Income Statement

ENEA SA's income statement shows mixed performance. The 2024 gross profit margin of 19.3% and net profit margin of 4.2% indicate moderate profitability, though weaker compared to prior years. Revenue declined by 7.6% in 2024, signaling a negative growth trend after strong growth in 2023. EBIT margin at 9.0% and EBITDA margin at 13.6% reflect decent operational efficiency, but the downward revenue trajectory poses a concern.

Balance Sheet

The balance sheet for 2024 reflects stability with a debt-to-equity ratio of 0.49, indicating manageable leverage compared to previous years. Return on equity at 9.1% shows reasonable profitability from equity investments, though it fluctuates historically. The equity ratio of 38.8% suggests a solid capital structure, balancing assets and liabilities effectively, though high total debt remains a potential risk.

Cash Flow

ENEA SA's cash flow performance in 2024 is strong, with a free cash flow growth of 12.0% year-over-year, recovering from negative figures in 2023. Operating cash flow of 5.03 billion and a free cash flow to net income ratio of 0.39 demonstrate healthy cash generation relative to earnings. This indicates good liquidity and operational cash management, though historical volatility in free cash flow warrants monitoring.

Breakdown	TTM	Mar 2025	Mar 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	28.57B	31.24B	44.02B	30.11B	21.27B	18.22B
Gross Profit	10.89B	10.85B	10.14B	6.75B	7.39B	6.59B
EBITDA	3.93B	4.47B	1.48B	2.02B	3.64B	-418.91M
Net Income	816.72M	1.40B	-704.31M	45.30M	1.69B	-2.27B
Balance Sheet
Total Assets	39.21B	39.47B	39.11B	37.43B	34.63B	29.89B
Cash, Cash Equivalents and Short-Term Investments	7.92B	4.46B	3.17B	1.99B	4.57B	1.98B
Total Debt	7.50B	7.58B	8.07B	5.49B	7.23B	8.39B
Total Liabilities	20.48B	23.14B	23.67B	21.29B	19.45B	16.80B
Stockholders Equity	17.66B	15.31B	13.94B	14.87B	14.01B	12.04B
Cash Flow
Free Cash Flow	1.90B	1.97B	-689.61M	-1.36B	3.59B	774.99M
Operating Cash Flow	6.77B	5.35B	2.25B	1.23B	5.49B	3.16B
Investing Cash Flow	-5.34B	-2.95B	-2.86B	-2.49B	-1.85B	-2.58B
Financing Cash Flow	-1.04B	-1.02B	2.07B	-1.33B	-1.42B	-2.40B

ENEA SA Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 20.70
• 50DMA: Negative
• 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 PL:ENA, the sentiment is Neutral. The current price of 20.7 is below the 20-day moving average (MA) of 22.86, below the 50-day MA of 22.28, and above the 200-day MA of 19.96, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 47.13 is Neutral, neither overbought nor oversold. The STOCH value of 50.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PL:ENA.

ENEA SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENA	67 Neutral	zł11.70B	3.13	―	2.58%	-23.28%	-39.53%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
ZEP	58 Neutral	zł882.30M	-7.69	0.16%	―	-20.30%	-74.56%
PEP	57 Neutral	zł4.00B	-32.98	-1.03%	―	-7.17%	-87.31%
TPE	55 Neutral	zł15.60B	4.74	19.23%	―	-8.68%	―
ENG	54 Neutral	zł7.71B	4.70	4.31%	―	0.32%	685.59%
PGE	46 Neutral	zł21.61B	10.74	-29.97%	―	-17.42%	-144.01%