Enel SpA (ENEL) Fair Value & Analysis
Utilities · IT · Market cap €97.7B · ISIN IT0003128367
What is Enel SpA really worth?
Below-average quality, currently priced close to our fair value of €8.68.
Strengths
Risks
For context
Fair value as of: Sep 1, 2026
From 22 valuation models · updated 4 days ago
Fair value updated Sep 1, 2026, revised from €4.82 to €8.68 (+80.0%) since Aug 27, 2026. Share price −8.9% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- The price sits in the upper half of our model range, so the margin of safety is thin.
- Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.
How to read this chart
60‑month range €3.13 – €10.15 · fair‑value band €7.34 – €9.61 · the €9.07 price screens above the €8.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 1, 2026.
Analysis
Enel SpA (ENEL) currently trades at €9.07, while our model-based Fair Value estimate is €8.68, implying the stock looks roughly 4.5% fairly valued today. The Quality Score stands at 46/100 (below-average quality), in the Utilities sector. Bull case: the Multiples group reads highest at a median of €7.24 per share, and 0 of the 19 models we run sit above the €9.07 price. Bear case: the DCF Models group reads lowest at €1.08, and 19 of the 19 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Enel SpA generated revenue of €77.9B at a net margin of 5.2%. Revenue declined 6.7% year over year. It earns a return on equity of 10.6%. Net debt stands at €60.6B. Fundamentals as of Sep 1, 2026
Our scenario range runs from €7.34 (bear case) to €9.61 (bull case); at €9.07, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −35% fair-value upside, at −4%, ENEL screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 22 models by family
Widest divergence: Multiples (€7.24) versus Growth DCF (€0.0500). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 61
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Enel SpA operates as an integrated operator in the electricity and gas industries worldwide. The company operates through the Thermal Generation and Trading, Enel Green Power, Enel Grids, and End-User Markets segments. It operates renewable, nuclear, wind, hydroelectric, thermal, solar, and geothermal power plants.
Full company description
Enel SpA operates as an integrated operator in the electricity and gas industries worldwide. The company operates through the Thermal Generation and Trading, Enel Green Power, Enel Grids, and End-User Markets segments. It operates renewable, nuclear, wind, hydroelectric, thermal, solar, and geothermal power plants. The company also generates, distributes, transmits, and sells electricity. In addition, it provides solutions and technologies for the electrification of cities, such as smart cities and street lighting; for businesses, including energy efficiency and demand response; and for individuals, including energy efficiency solutions for houses and apartment buildings. Further, the company engages in the sale of energy commodities. The company was founded in 1962 and is headquartered in Rome, Italy.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Enel SpA reported revenue of €67.5B in FY2025 versus €96.5B in FY2021, a compound −8.6%/yr. Reported net income was €4.2B in FY2025, compounding +7.3%/yr from FY2021.
of which total revenue +3.8 % · buybacks/dilution −0.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Enel SpA (ENLAY) (H1 2026) Earnings Call Highlights: EBITDA and EPS Rise 3-5% as Strategic ...
- Enel (ENLAY) Upgraded to Buy: Here's What You Should Know
- Enel Chile (ENIC) Among the Best Undervalued Penny Stocks, Here’s What You Need to Know
Peer Group
Utilities - Diversified · 52 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Diversified median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Iberdrola, S.A IBE | €20.28 | €8.45 | −58% |
| Engie SA ENGI | €24.50 | €21.15 | −14% |
| Sempra SRE | $84.57 | $44.47 | −47% |
| E.ON SE EOAN | €17.83 | €11.71 | −34% |
| RWE Aktiengesellschaft generates and RWE | €59.10 | €55.77 | −6% |
| ACWA Power Company 2082 | 184.00 SAR | 24.19 SAR | −87% |
| Brookfield Infrastructure Partners L.P. BIPUN | C$54.99 | C$34.34 | −38% |
| EnBW Energie Baden-Württemberg AG EBK | €68.60 | €21.11 | −69% |
| EDP, S.A EDP | €4.70 | €3.81 | −19% |
| Origin Energy Limited ORG | A$11.89 | A$7.70 | −35% |
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