Company Valuation: Endesa, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 21,385 18,668 19,540 21,986 31,903 42,447 - -
Change - -12.7% 4.67% 12.52% 45.11% 33.05% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 42,013 53,365 54,917 55,946
Change - -4.9% 1.38% 4.47% 34.3% 27.02% 2.91% 1.87%
P/E 14.9x 7.35x 26.4x 11.7x 14.6x 17.5x 17.5x 17.2x
PBR 3.97x 3.36x 2.78x 2.43x 4.43x 4.81x 4.58x 4.32x
PEG - 0.1x -0.4x 0x 0.8x 1.4x 287.33x 9.98x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.91x 1.97x 1.96x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.96x 2.4x 2.55x 2.58x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 7.3x 8.82x 9x 8.96x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 12.6x 14.5x 14.9x 14.8x
EV / FCF 57.6x -64.2x 12.4x 18.2x 19x 31.8x 33.6x 43.1x
FCF Yield 1.74% -1.56% 8.06% 5.5% 5.25% 3.15% 2.98% 2.32%
Dividend per Share 2 1.437 1.585 1 1.318 1.32 1.681 1.751 1.8
Rate of return 7.11% 8.99% 5.42% 6.34% 4.31% 4.05% 4.22% 4.34%
EPS 2 1.36 2.4 0.7 1.78 2.1 2.364 2.366 2.407
Distribution rate 106% 66.1% 143% 74% 62.9% 71.1% 74% 74.8%
Net sales 1 20,899 32,896 25,459 21,307 21,424 22,215 21,566 21,646
EBITDA 1 4,278 5,565 3,777 5,293 5,756 6,048 6,101 6,244
EBIT 1 2,573 3,687 1,645 3,071 3,331 3,684 3,692 3,770
Net income 1 1,435 2,541 742 1,888 2,198 2,450 2,395 2,416
Net Debt 1 9,675 10,869 10,405 9,298 10,110 10,918 12,469 13,499
Reference price 2 20.20 17.64 18.46 20.77 30.63 41.47 41.47 41.47
Nbr of stocks (in thousands) 1,058,669 1,058,590 1,058,517 1,058,550 1,041,573 1,023,564 - -
Announcement Date 22/2/22 24/2/23 28/2/24 22/2/25 23/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.54x2.4x8.82x4.05% 48.2B
30.98x5.2x38.08x0.21% 253B
18.81x8.57x14.79x3.27% 158B
20.21x4.16x11.44x3.53% 152B
19.27x10.9x14.22x3.67% 104B
12.02x1.8x6.38x5.9% 98.57B
18.54x5.6x12.29x3.67% 95.35B
20.1x3.1x12.61x0.67% 90B
16.9x5.4x10.83x3.82% 88.89B
18.44x5x12.09x3.24% 64.59B
Average 19.28x 5.21x 14.16x 3.2% 115.27B
Weighted average by Cap. 20.98x 5.51x 17.61x 2.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Endesa, S.A.