Endesa, S.A.

BME-ELE

Basic

Market Cap
€19.08B
EV
€30.87B
Shares Out
1,057.69M
Revenue
€22.37B
Employees
8,967

Margins

Gross
37.62%
EBITDA
14.07%
Operating
6.81%
Pre-Tax
4.21%
Net
2.96%
FCF
9.63%

Returns (5Yr Avg)

ROA
3.27%
ROTA
28.69%
ROE
20.48%
ROCE
9.75%
ROIC
5.44%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
€21.16
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
€1,595M
Net Debt
€12.22B
Debt/Equity
1.75
EBIT/Interest
3.23

Growth (CAGR)

Rev 3Yr
8.96%
Rev 5Yr
2.75%
Rev 10Yr
3.85%
Dil EPS 3Yr
-15.5%
Dil EPS 5Yr
-14.39%
Dil EPS 10Yr
-7.89%
Rev Fwd 2Yr
-1.79%
EBITDA Fwd 2Yr
16.37%
EPS Fwd 2Yr
57.24%
EPS LT Growth Est
25.37%

Dividends

Yield
—
Payout
79.77%
DPS
€0.5
DPS Growth 3Yr
-34.92%
DPS Growth 5Yr
-18.92%
DPS Growth 10Yr
2.78%
DPS Growth Fwd 2Yr
9.88%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						19,258	16,717	20,527	32,545	25,070	22,365
Other Revenues, Total						4	—	—	—	—	—
Total Revenues						19,262	16,717	20,527	32,545	25,070	22,365
Total Revenues % Chg.						-1.7%	-13.2%	22.8%	58.5%	-23%	-27.2%
Cost of Goods Sold, Total						14,193	10,697	15,284	23,135	15,720	13,952
Gross Profit						5,069	6,020	5,243	9,410	9,350	8,413
Selling General & Admin Expenses, Total						1,045	429	925	968	978	978
Provision for Bad Debts	—	—	—	—	—	—	70	125	163	264	264
Depreciation & Amortization		—			—	1,684	1,464	1,529	1,653	1,770	1,845
Amortization of Goodwill and Intangible Assets	—		—	—		—	—	—	—	—	—
Other Operating Expenses						372	1,249	316	3,327	4,676	3,802
Other Operating Expenses, Total						3,101	3,212	2,895	6,111	7,688	6,889
Operating Income						1,968	2,808	2,348	3,299	1,662	1,524
Interest Expense, Total						-127	-133	-137	-241	-491	-472
Interest And Investment Income					—	2	8	122	18	11	11
Net Interest Expenses						-125	-125	-15	-223	-480	-461
Income (Loss) On Equity Invest.						15	34	-1	15	10	5
Currency Exchange Gains (Loss)						1	12	-6	-23	21	21
Other Non Operating Income (Expenses)						154	182	218	156	132	132
EBT, Excl. Unusual Items						2,013	2,911	2,544	3,224	1,345	1,221
Restructuring Charges						-1,371	-723	8	45	-197	-197
Impairment of Goodwill	—	—	—	—		-17	—	—	—	—	—
Gain (Loss) On Sale Of Investments	—		—	—	—	—	—	—	122	—	—
Gain (Loss) On Sale Of Assets						11	20	35	131	17	17
Asset Writedown						-400	-340	-664	-35	-100	-100
Legal Settlements	—					-6	-5	1	—	—	—
Other Unusual Items	—	—	—	—	—	—	-75	—	—	—	—
EBT, Incl. Unusual Items						230	1,788	1,924	3,487	1,065	941
Income Tax Expense						50	388	467	891	303	270
Earnings From Continuing Operations						180	1,400	1,457	2,596	762	671
Earnings Of Discontinued Operations		—	—	—	—	—	—	—	—	—	—
Minority Interest						-9	-6	-22	-55	-20	-8
Net Income						171	1,394	1,435	2,541	742	663
Net Income to Common Incl Extra Items						171	1,394	1,435	2,541	742	663
Net Income to Common Excl. Extra Items						171	1,394	1,435	2,541	742	663
Total Shares Outstanding						1,058.8	1,058.7	1,058.6	1,058.5	1,058.5	1,057.7
Weighted Avg. Shares Outstanding						1,058.8	1,058.7	1,058.7	1,058.6	1,058.5	1,057.7
Weighted Avg. Shares Outstanding Dil						1,058.8	1,058.7	1,058.7	1,058.6	1,058.5	1,057.7
EPS						0.2	1.3	1.4	2.4	0.7	0.6
EPS Diluted						0.2	1.3	1.4	2.4	0.7	0.6
EBITDA						3,321	4,068	3,659	4,708	3,181	3,147
Effective Tax Rate						21.7%	21.7%	24.3%	25.6%	28.5%	28.7%