Financials Enlight Renewable Energy Ltd

Equities

ENLT

IL0007200111

Independent Power Producers

Delayed TEL AVIV STOCK EXCHANGE 07:24:08 2024-04-25 am EDT 5-day change 1st Jan Change
6,020 ILa -1.31% Intraday chart for Enlight Renewable Energy Ltd -3.49% -15.45%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,264 5,514 7,081 6,881 8,391 7,103 - -
Enterprise Value (EV) 1 3,264 5,514 7,081 12,720 15,815 16,713 19,285 22,072
P/E ratio - - - - 34.4 x - - -
Yield - - - - - - - -
Capitalization / Revenue 17 x 22.8 x 16.2 x 9.87 x 9.04 x 5.5 x 4.01 x 3.08 x
EV / Revenue 17 x 22.8 x 16.2 x 18.3 x 17 x 12.9 x 10.9 x 9.58 x
EV / EBITDA 27.5 x 36.3 x - 27 x 23.1 x 18.3 x 17.2 x 13.8 x
EV / FCF - - - -6.39 x -7.42 x -4.83 x -4.34 x -5.36 x
FCF Yield - - - -15.6% -13.5% -20.7% -23.1% -18.7%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 75,214 82,297 92,511 95,564 117,857 117,991 - -
Reference price 2 43.40 67.00 76.54 72.00 71.20 60.20 60.20 60.20
Announcement Date 3/23/20 3/31/21 3/31/22 3/15/23 2/26/24 - - -
1ILS in Million2ILS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 192.5 241.7 437 696.9 927.9 1,291 1,773 2,304
EBITDA 1 118.6 152 - 471.2 685.1 913.4 1,123 1,603
EBIT 1 - - 203 317.9 573.9 368.8 633.2 949
Operating Margin - - 46.45% 45.62% 61.85% 28.57% 35.72% 41.19%
Earnings before Tax (EBT) 1 - - - 185.2 460.1 555.8 593.6 1,473
Net income 1 - - - 89.75 257.4 203.1 344.2 1,154
Net margin - - - 12.88% 27.74% 15.73% 19.42% 50.08%
EPS - - - - 2.068 - - -
Free Cash Flow 1 - - - -1,990 -2,132 -3,459 -4,448 -4,121
FCF margin - - - -285.6% -229.75% -267.91% -250.92% -178.86%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 3/23/20 3/31/21 3/31/22 3/15/23 2/26/24 - - -
1ILS in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 220.7 258.9 195.9 216.7 267.9 296.8 289.6 337.4 367
EBITDA 1 156.7 195.3 154.7 175.3 168.8 191.5 191 230.1 273
EBIT 1 107.9 142.4 124.8 158.6 90.4 94.26 75.19 93.35 107.9
Operating Margin 48.89% 55% 63.71% 73.19% 33.75% 31.75% 25.96% 27.66% 29.4%
Earnings before Tax (EBT) 1 -253.8 157 105.5 135.4 68.94 127.3 108.7 152.4 169.2
Net income 1 -144.1 87.48 54.21 84.57 34.93 38.83 30.8 68.24 65.42
Net margin -65.28% 33.8% 27.68% 39.02% 13.04% 13.08% 10.64% 20.22% 17.82%
EPS - 0.7292 0.4472 0.4831 0.4355 - - - -
Dividend per Share - - - - - - - - -
Announcement Date 3/15/23 5/11/23 8/9/23 11/20/23 2/26/24 - - - -
1ILS in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 5,839 7,423 9,610 12,182 14,969
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - 12.39 x 10.84 x 10.52 x 10.85 x 9.337 x
Free Cash Flow 1 - - - -1,990 -2,132 -3,459 -4,448 -4,121
ROE (net income / shareholders' equity) - - - 3.7% 7.19% 3.65% 5.6% 15.8%
ROA (Net income/ Total Assets) - - - 0.78% 1.74% 1.05% 1.45% 3.6%
Assets 1 - - - 11,548 14,819 19,344 23,737 32,050
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - 4.430 - - -
Capex 1 - - - 2,318 2,680 4,110 4,329 6,306
Capex / Sales - - - 332.64% 288.88% 318.37% 244.2% 273.69%
Announcement Date 3/23/20 3/31/21 3/31/22 3/15/23 2/26/24 - - -
1ILS in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
60.2
Average target price
-
Consensus
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