Endesa SA (ELE) AI Stock Analysis

Endesa SA

(BME:ELE)

Select Model

Rating:67Neutral

Price Target:EUR 47.00▲(7.28% Upside)

Action:downgraded

Date:10/30/26

The score is primarily supported by solid financial performance with improved profitability, alongside positive technical trend confirmation (price above key moving averages and positive MACD). Offsetting factors are cash-flow consistency concerns and still-elevated leverage, with valuation only moderate given the P/E despite a supportive dividend yield.

Positive Factors

Improving profitabilityEndesa’s strong TTM margins and stabilized profitability indicate that the integrated utility model is currently converting revenue into earnings effectively. This improves internal funding capacity, supports resilience across power-market conditions, and provides a stronger base for sustained shareholder returns.

Negative Factors

Uneven revenue growthChoppy top-line performance reduces visibility into the pace of future expansion and suggests that earnings improvement has not been supported by consistently growing demand or sales. This can make planning more difficult and leaves results more exposed to changes in market conditions and pricing.

Endesa SA (ELE) vs. iShares MSCI Spain ETF (EWP)

Market Cap: EUR 45.08B
Dividend Yield: 3.62%
Average Volume (3M): 616.40K
Price to Earnings (P/E): 18.6
Beta (1Y): 0.44
Revenue Growth: 6.36%
EPS Growth: 13.86%
Country: Spain
Employees: 8,924
Sector: General
Sector Strength: 55
Industry: Regulated Electric

Endesa SA Business Overview & Revenue Model

Company Description

Endesa, S.A. primarily conducts its business in Spain and Portugal, focusing on the production, distribution, and retail sale of electricity. The company generates its power from a diverse range of energy sources, including hydroelectric, nuclear, th...

How the Company Makes Money

Endesa makes money mainly through integrated electricity and gas activities. (1) Electricity retail/supply: it sells electricity to end customers under contracts and tariffs, earning revenue based on the volume of electricity supplied and the pricing...

Endesa SA Financial Statement Overview

Summary

Financial statements are solid overall: the income statement shows strong TTM profitability with improved margins versus prior weaker periods, but revenue growth has been uneven. The balance sheet reflects meaningful (though improving) leverage, and cash flow is positive yet inconsistent with weaker cash conversion and year-over-year free cash flow decline.

Income Statement

74Positive

Balance Sheet

63Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	22.46B	21.02B	20.93B	25.06B	32.54B	20.52B
Gross Profit	7.93B	7.01B	7.49B	8.42B	8.84B	4.88B
EBITDA	6.60B	5.31B	4.95B	3.32B	5.38B	4.38B
Net Income	2.45B	2.20B	1.89B	742.00M	2.54B	1.44B
Balance Sheet
Total Assets	41.55B	37.48B	37.34B	41.28B	50.07B	39.97B
Cash, Cash Equivalents and Short-Term Investments	1.70B	263.00M	1.34B	3.32B	7.14B	1.58B
Total Debt	11.90B	10.89B	10.96B	13.73B	18.49B	10.38B
Total Liabilities	32.70B	27.87B	28.29B	34.08B	44.31B	34.42B
Stockholders Equity	7.79B	8.52B	8.11B	7.02B	5.56B	5.38B
Cash Flow
Free Cash Flow	1.98B	2.21B	1.72B	2.41B	-460.00M	539.00M
Operating Cash Flow	4.08B	4.05B	3.57B	4.70B	1.67B	2.62B
Investing Cash Flow	-2.83B	-2.71B	-1.33B	3.19B	-8.16B	-3.07B
Financing Cash Flow	-1.39B	-1.99B	-3.50B	-6.65B	6.65B	752.00M

Endesa SA Technical Analysis

Technical Analysis SentimentPositive

Last Price43.81

Price Trends

50DMA42.32Positive

100DMA41.11Positive

200DMA37.70Positive

Market Momentum

MACD0.42Negative

RSI59.58Neutral

STOCH67.64Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:ELE, the sentiment is Positive. The current price of 43.81 is above the 20-day moving average (MA) of 42.81, above the 50-day MA of 42.32, and above the 200-day MA of 37.70, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 59.58 is Neutral, neither overbought nor oversold. The STOCH value of 67.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:ELE.

Endesa SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

ES:ELE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ES:RED	75Outperform	EUR 8.31B	12.85	11.84%	5.19%	14.82%	35.60%
ES:REP	73Outperform	EUR 33.15B	9.91	22.28%	3.42%	23.91%	420.67%
ES:NTGY	69Neutral	EUR 28.49B	13.48	23.92%	5.97%	―	―
ES:ELE	67Neutral	EUR 45.08B	18.56	29.66%	3.62%	6.36%	13.86%
ES:IBE	60Neutral	EUR 146.27B	21.33	13.54%	3.09%	1.33%	20.21%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
ES:ANA	51Neutral	EUR 11.13B	30.75	7.63%	2.77%	7.62%	-56.65%

* General Sector Average

Performance Comparison

ES:ELE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ES:ELE	Endesa SA	43.81	13.41	44.11%
ES:ANA	Acciona SA	203.60	12.70	6.65%
ES:NTGY	Naturgy Energy Group, S.A.	29.66	4.41	17.45%
ES:IBE	Iberdrola SA (UK)	22.18	5.11	29.97%
ES:RED	Redeia Corporación	15.42	0.59	3.96%
ES:REP	Repsol S.A. (UK)	30.73	15.47	101.42%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 30, 2026

Endesa SA AI Stock Analysis