ENEL.MI · MIL
FTSE MIB
Euro Stoxx 50
Enel SpA
Utilities · Utilities - Diversified
€9.77
−€0.051 (−0.52%) today
Closing price on Nov 11, 2026 · Source: Yahoo Finance
Consensus of 23 analysts
Hold
Median price target €10.25 +4.9%
- Open
- €9.87
- Day range
- 9.76 – €9.88
- 52-week range
- 8.58 – €10.31
- Volume
- 3,305,910
- Market cap
- €97,120M
- P/E (TTM)
- 23.3x
- EPS (TTM)
- €0.42
- EPS est. 2026
- €0.73
- P/E est. 2026
- 13.5x
- Dividend yield
- 2.7%
- Beta
- 0.84
- Payout
- 115%
Analyst summary
Generated with AI · Nov 11, 2026, 14:29Enel is an integrated electricity and gas operator spanning generation, renewables, grids and end-user markets. Q2 2026 revenue and net income grew strongly year on year, while quarterly EPS also improved. However, earnings have been uneven, including a net loss in Q4 2025, and Q2 free cash flow was negative. At €9.77, the shares trade at 23.3x trailing earnings; the analyst consensus is Hold, with a median target implying limited upside.
- 1Q2 2026 revenue rose 30.3% year on year to €17,049M.
- 2Q2 net income increased 32.4% to €1,882M, with a net margin of 11.0%.
- 3The median analyst target of €10.25 implies +4.9% upside from the quoted price.
Enel financials
Q2 2026 results, quarter ended Jun 30, 2026
| Metric | Q2 2026 | 1-year change |
|---|---|---|
| Total revenue | €17,049M | +30.3% |
| Net income | €1,882M | +32.4% |
| Earnings per share | €0.19 | +33.0% |
| Net margin | 11.0% | +0.2 pp |
| Free cash flow | −€1,763M | n/s |
| Debt / equity | 2.10 | +10.1% |
Revenue and net income (€M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q2 2025 | €13,085M | €1,421M |
| Q3 2025 | €16,152M | €1,808M |
| Q4 2025 | €16,142M | −€1,011M |
| Q1 2026 | €18,579M | €1,861M |
| Q2 2026 | €17,049M | €1,882M |
Enel earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ3 2026 · Analysts: 3 | €0.1780.17 – 0.18 | +7.0%€0.166 |
| Next quarterQ4 2026 · Analysts: 2 | €0.1710.16 – 0.18 | +59.7%€0.107 |
| Current year2026 · Analysts: 19 | €0.7260.70 – 0.76 | +13.1%€0.642 |
| Next year2027 · Analysts: 19 | €0.7610.70 – 0.81 | +4.9%€0.726 |
Forward P/E: 13.5x (2026) and 12.8x (2027) at the current price.
Actual and estimated EPS (€)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q2 2025 | €0.143 | — |
| Q3 2025 | €0.166 | €0.187 |
| Q4 2025 | €0.107 | €0.134 |
| Q1 2026 | €0.188 | €0.186 |
| Q2 2026 | €0.190 | — |
| Q3 2026 | — | €0.178 |
| Q4 2026 | — | €0.171 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| 2022 | €0.150 | — |
| 2023 | €0.320 | — |
| 2024 | €0.670 | — |
| 2025 | €0.390 | — |
| 2026 | — | €0.726 |
| 2027 | — | €0.761 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q4 2026Estimated | €0.171 | +59.6% |
| Q3 2026Estimated | €0.178 | +7.0% |
| Q2 2026 | €0.190 | +33.0% |
| Q1 2026 | €0.188est. €0.186 · surprise +1.0% | n/a |
| Q4 2025 | €0.107est. €0.134 · surprise −20.0% | n/a |
| Q3 2025 | €0.166est. €0.187 · surprise −11.0% | n/a |
| Q2 2025 | €0.143 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| 2027Estimated | €0.761 | +4.9% |
| 2026Estimated | €0.726 | +86.1% |
| 2025 | €0.390 | −41.8% |
| 2024 | €0.670 | +109.4% |
| 2023 | €0.320 | +113.3% |
| 2022 | €0.150 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
Enel dividend
Yield and payments
| Dividend yield (TTM) | 2.7% |
| Forward yield (next 12m) | 5.3% |
| Dividend per share (TTM) | €0.26 |
| Forward dividend (next 12m) | €0.52 |
| Payout (TTM) | 115% |
| Last dividend | €0.26Jul 20, 2026 |
| Next ex-dividend date | n/a |
Dividend per share by year (€)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2019 | €0.28 |
| 2020 | €0.328 |
| 2021 | €0.358 |
| 2022 | €0.38 |
| 2023 | €0.40 |
| 2024 | €0.43 |
| 2025 | €0.47 |
| est. 12m | €0.52 |
Enel forecasts
23 analyst ratings
Consensus: Hold · 10 buy, 11 hold, 2 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | €12.00 | +22.8% |
| Median | €10.25 | +4.9% |
| Low | €8.80 | −10.0% |
| Date | Close |
|---|---|
| Nov 28, 2025 | €8.91 |
| Dec 30, 2025 | €8.88 |
| Jan 30, 2026 | €9.31 |
| Feb 27, 2026 | €10.19 |
| Mar 31, 2026 | €9.38 |
| Apr 30, 2026 | €9.92 |
| May 29, 2026 | €9.63 |
| Jun 30, 2026 | €10.05 |
| Jul 31, 2026 | €9.80 |
| Aug 31, 2026 | €9.42 |
| Sep 30, 2026 | €8.75 |
| Oct 30, 2026 | €9.32 |
| Nov 11, 2026 | €9.77 |
Enel peers
| Ticker | Company | Market cap (€M) | P/E | Price (€) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| ENEL.MI | Enel | 97,120 | 23.3x | 9.77 | −0.52% | 8.5810.31 |
| IBE.MC | Iberdrola | 153,540 | 31.3x | 23.13 | +0.61% | 17.5423.16 |
| ENGI.PA | Engie | 62,474 | 15.1x | 24.59 | −0.20% | 21.2829.89 |
| EOAN.DE | E.ON | 49,332 | 14.6x | 18.87 | −1.44% | 14.9820.39 |
| RWE.DE | RWE | 46,300 | 13.2x | 59.36 | +2.10% | 42.8262.00 |
| A2A.MI | A2A | 7,251 | 10.5x | 2.32 | −2.44% | 2.132.62 |
Risks, catalysts and conclusion
Generated with AI · Nov 11, 2026, 14:29Risks
- A 115% payout could put pressure on dividend coverage if earnings fail to meet consensus expectations.
- Negative Q2 free cash flow and debt/equity of 2.10 could constrain financial flexibility.
- Volatile results across generation, trading and energy sales could disrupt the expected earnings recovery.
Catalysts
- Stronger performance from renewable generation could support earnings growth across the integrated business.
- Investment in electricity grids and electrification solutions could create scope for sustained operating growth.
- Delivery of 2026 EPS near the €0.726 consensus could reinforce confidence in the forecast recovery.
Conclusion
Enel combines a broad integrated utility business with strong Q2 year-on-year growth and an expected EPS recovery in 2026. Yet the historical earnings volatility, negative Q2 free cash flow and 115% payout warrant attention. Its 23.3x trailing P/E is high relative to most listed peers, while the Hold consensus and +4.9% median-target upside suggest that expectations are already demanding rather than clearly compelling.
Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 14:29.
This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.
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