Want to see ES:ENO full AI Analyst Report?
Top Page
Elecnor
(BME:ENO)
Select Model
Select Model
Rating:59Neutral
Price Target:
€32.00
▼(-3.76% Downside)
Action:Reiterated
Date:07/29/26
The score is driven primarily by improved financial resilience (lower leverage) and a strong 2025 cash-flow rebound, partially offset by a sharp 2025 revenue contraction and volatility in earnings/cash conversion. Technicals are a meaningful drag as the stock trades below key short- and mid-term moving averages, while valuation is a notable positive due to the high dividend yield and moderate P/E.
Positive Factors
Meaningful deleveraging
The substantial reduction in leverage strengthens Elecnor’s financial resilience and leaves more capacity to fund projects, withstand execution variability, and pursue infrastructure opportunities. A larger equity cushion also reduces dependence on borrowing and improves flexibility across business cycles.
Negative Factors
Sharp 2025 revenue contraction
The steep 2025 revenue decline indicates that project awards, delivery timing, or portfolio mix can materially affect Elecnor’s top line. Prolonged contraction would reduce operating scale, limit fixed-cost absorption, and weaken the company’s ability to sustain investment and earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Meaningful deleveraging
The substantial reduction in leverage strengthens Elecnor’s financial resilience and leaves more capacity to fund projects, withstand execution variability, and pursue infrastructure opportunities. A larger equity cushion also reduces dependence on borrowing and improves flexibility across business cycles.
Read all positive factors
Elecnor (ENO) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€2.68B
Dividend Yield10.3%
Average Volume (3M)56.65K
Price to Earnings (P/E)13.0
Beta (1Y)0.90
Revenue Growth6.96%
EPS GrowthN/A
CountryES
Employees29,704
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.88
Shares Outstanding87,000,000
10 Day Avg. Volume54,353
30 Day Avg. Volume56,648
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)2.20
Price to Sales (P/S)0.47
P/FCF Ratio5.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.64
Revenue Forecast (FY)€4.52B
Elecnor Business Overview & Revenue Model
Company Description
Elecnor, S.A. is an international enterprise primarily focused on infrastructure development and concession management. Its operations encompass the energy sector, including the establishment and maintenance of power transmission grids and substat...
How the Company Makes Money
Elecnor makes money primarily by contracting and executing infrastructure and engineering projects for public- and private-sector clients, and by operating certain energy assets. A major revenue stream is its integrated project business (engineeri...
Elecnor Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.58B | 4.39B | 3.81B | 3.79B | 3.39B | 3.12B |
| Gross Profit | 1.31B | 719.51M | 1.87B | 1.63B | 1.57B | 1.54B |
| EBITDA | 347.10M | 298.16M | 178.47M | 200.98M | 157.32M | 269.10M |
| Net Income | 158.94M | 110.73M | 705.20M | 110.06M | 102.81M | 85.88M |
Balance Sheet | ||||||
| Total Assets | 3.83B | 3.66B | 3.61B | 4.08B | 3.56B | 3.29B |
| Cash, Cash Equivalents and Short-Term Investments | 865.12M | 782.55M | 429.01M | 336.87M | 385.36M | 399.64M |
| Total Debt | 398.40M | 313.35M | 270.31M | 668.44M | 1.04B | 1.01B |
| Total Liabilities | 2.81B | 2.72B | 2.44B | 3.15B | 2.72B | 2.65B |
| Stockholders Equity | 1.03B | 943.10M | 1.17B | 906.45M | 807.21M | 609.26M |
Cash Flow | ||||||
| Free Cash Flow | 425.08M | 374.56M | -2.43M | 111.51M | 70.96M | 98.47M |
| Operating Cash Flow | 568.79M | 474.36M | 94.45M | 206.00M | 226.87M | 206.19M |
| Investing Cash Flow | -189.42M | -134.97M | 963.31M | -268.06M | -128.55M | -99.96M |
| Financing Cash Flow | -148.25M | -230.08M | -1.04B | 73.70M | -113.91M | -109.75M |
Elecnor Technical Analysis
Negative
33.25
Price Trends
34.28
Negative
36.42
Negative
32.42
Negative
Market Momentum
-0.88
Negative
37.97
Neutral
47.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:ENO, the sentiment is Negative. The current price of 33.25 is above the 20-day moving average (MA) of 31.69, below the 50-day MA of 34.28, and above the 200-day MA of 32.42, indicating a bearish trend. The MACD of -0.88 indicates Negative momentum. The RSI at 37.97 is Neutral, neither overbought nor oversold. The STOCH value of 47.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:ENO.
Elecnor Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | €35.91B | 56.55 | 10.42% | 2.29% | 5.46% | -81.98% | |
60 Neutral | €5.16B | 23.71 | 6.14% | 4.68% | 9.68% | -10.60% | |
59 Neutral | €2.68B | 13.03 | 21.10% | 10.30% | 6.96% | ― | |
58 Neutral | €27.88B | 26.11 | 19.75% | 3.68% | 10.46% | 14.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €3.44B | 25.49 | 13.38% | 3.06% | 3.64% | 41.50% | |
51 Neutral | €11.75B | 31.69 | 7.63% | 2.69% | 7.62% | -56.65% |
* General Sector Average
ES:ENO
Elecnor
31.00
6.59
27.00%
ES:ANA
Acciona
209.80
43.66
26.28%
ES:ACS
Actividades de Construccion y Servicios SA
101.30
33.34
49.05%
ES:FER
Ferrovial
48.63
0.63
1.32%
ES:FCC
Fomento de Construcciones y Contratas
10.68
-0.19
-1.78%
ES:SCYR
Sacyr SA
4.25
0.69
19.47%
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.