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Enel SpA ENEL Stock Quote

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Morningstar‘s Stock Analysis ENEL

Currency in EUR
Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


Enel Posts Weak Earnings in Q2 but Maintains 2022 Guidance; Shares Deeply Undervalued

Tancrede Fulop, CFA Senior Equity Analyst

Analyst Note

| Tancrede Fulop, CFA |

We maintain our EUR 8 fair value estimate after no-moat Enel released weak second-quarter earnings but confirmed its 2022 guidance and dividend of EUR 0.4, implying a 8% yield. Its 2022 P/E is 8.7, and shares appear grossly undervalued. 

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Key Statistics ENEL

Company Profile ENEL

Business Description

Enel is a diversified energy company domiciled in Italy. Operations are concentrated in Italy, Spain, and Latin America. The firm's primary activities are electric generation, electric networks, and gas and electricity marketing. Around 50% of the company's EBITDA is derived from its regulated networks. Taking into account power sold through power purchase agreements in Latin America, around 70% of EBITDA is quasi-regulated. Enel is a giant in global power generation with 86 gigawatts of capacity, of which 39 GW is renewables, including a large share of hydro.

Viale Regina Margherita, 137
Rome, 00198, Italy
T +39 683054000
Industry Utilities - Diversified
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 66,867

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