Company Valuation: Endesa, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 21,385 18,668 19,540 21,986 31,903 39,370 - -
Change - -12.7% 4.67% 12.52% 45.11% 23.4% - -
Enterprise Value (EV) 1 31,060 29,537 29,945 31,284 31,903 50,419 51,793 53,424
Change - -4.9% 1.38% 4.47% 1.98% 58.04% 2.72% 3.15%
P/E ratio 14.9x 7.35x 26.4x 11.7x 14.6x 17.2x 16.7x 16.3x
PBR 3.97x 3.36x 2.78x 2.43x - 4.47x 4.2x 3.9x
PEG - 0.1x -0.4x 0x 0.8x 2.55x 6.23x 6.75x
Capitalization / Revenue 1.02x 0.57x 0.77x 1.03x 1.49x 1.81x 1.83x 1.79x
EV / Revenue 1.49x 0.9x 1.18x 1.47x 1.49x 2.32x 2.41x 2.43x
EV / EBITDA 7.26x 5.31x 7.93x 5.91x 5.54x 8.52x 8.69x 8.54x
EV / EBIT 12.1x 8.01x 18.2x 10.2x 9.58x 14.2x 14.7x 14.7x
EV / FCF 57.6x -64.2x 12.4x 18.2x - 32.1x 31.4x 31.5x
FCF Yield 1.74% -1.56% 8.06% 5.5% - 3.12% 3.18% 3.17%
Dividend per Share 2 1.437 1.585 1 1.318 - 1.65 1.634 1.708
Rate of return 7.11% 8.99% 5.42% 6.34% - 4.28% 4.24% 4.43%
EPS 2 1.36 2.4 0.7 1.78 2.1 2.242 2.302 2.358
Distribution rate 106% 66.1% 143% 74% - 73.6% 71% 72.4%
Net sales 1 20,899 32,896 25,459 21,307 21,424 21,699 21,526 21,970
EBITDA 1 4,278 5,565 3,777 5,293 5,756 5,915 5,960 6,257
EBIT 1 2,573 3,687 1,645 3,071 3,331 3,553 3,516 3,638
Net income 1 1,435 2,541 742 1,888 2,198 2,299 2,319 2,353
Net Debt 1 9,675 10,869 10,405 9,298 - 11,050 12,423 14,054
Reference price 2 20.20 17.64 18.46 20.77 30.63 38.53 38.53 38.53
Nbr of stocks (in thousands) 1,058,669 1,058,590 1,058,517 1,058,550 1,041,573 1,021,797 - -
Announcement Date 2/22/22 2/24/23 2/28/24 2/22/25 2/23/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.19x2.32x8.52x4.28% 46.21B
67.34x5.77x44.75x0.19% 267B
23.58x9.55x15.96x2.64% 196B
20.67x4.08x11.54x3.59% 159B
14.48x1.97x6.9x4.91% 116B
21.51x6.05x13.21x3.13% 110B
24.81x3.85x13.79x0.6% 104B
19.57x5.85x11.66x3.33% 103B
21.52x5.34x12.63x2.85% 73.93B
17.89x6.34x12.99x4.16% 56.46B
Average 24.85x 5.11x 15.20x 2.97% 123.06B
Weighted average by Cap. 30.78x 5.53x 19.37x 2.52%

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.