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Enel SpA ENEL.MI

IT · Borsa Italiana · XMIL · stock · Utilities · website

Enel SpA statistics & valuation

Market cap€96.1B
P / E22.8×
P / S1.4×
P / B3.0×
P / FCF22.4×
Net margin6.3%
FCF margin6.4%
Net debt€63.4B
Enterprise value USD$184.2B
Earnings yield EBIT/EV2.2%
Return on capital2.7%
Graham number -45%€5.33

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€5.33); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
1.60% 4.20% 9.90% 6.30% 2022202320242025
Gross margin (%)
5.50% 41.90% 54.10% 46.80% 2022202320242025
Operating margin (%)
-22.70% 7.30% 15.40% 5.30% 2022202320242025
Return on equity (%)
5.90% 10.80% 20.80% 13.20% 2022202320242025
Shares outstanding
9.92B 9.92B 9.92B 9.92B 2022202320242025
Net debt (€)
€76.86B €66.76B €62.30B €63.41B 2022202320242025
Share buybacks (€)
€14.0M €20.0M €27.0M €1.95B 2022202320242025
Return on assets (%)
0.80% 1.80% 3.70% 2.40% 2022202320242025
Free cash flow margin (%)
-4.50% 2.20% 4.30% 6.40% 2022202320242025
Debt / equity (×)
3.07× 2.32× 2.09× 2.14× 2022202320242025
EPS (€)
€0.15 €0.32 €0.67 €0.39 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Enel SpA trades at about 24.8× earnings — near its 10-year norm (10-year range 10.3×–35.9×, median 23.9×).

10.3× 35.9×

Shaded band = 10-year range (10.3×–35.9×); dot = today's 24.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin46.8%54.1%41.9%5.5%
Operating margin5.3%15.4%7.3%-22.7%
Net margin6.3%9.9%4.2%1.6%
FCF margin6.4%4.3%2.2%-4.5%
Return on assets2.4%3.7%1.8%0.8%
Return on equity13.2%20.8%10.8%5.9%
Debt / equity1.70×1.70×1.84×2.30×
Current ratio0.730.830.850.95

Computed from company filings · IT · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.