Enel S.p.A. (ENEL.MI) stock analysis

In our weekly check, Enel S.p.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 2, red flags: 7.

About Enel S.p.A.

Enel S.p.A. is an Utilities company (Diversified Utilities) based in Italy, listed on MIL as ENEL.MI.

What our checks show for ENEL.MI

Red flags

• Net debt is 2.5x a year of EBITDA (debt/equity 2.1). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 1.4 times: a weak year could make the payments hard.
• The gross margin fell by 5 points, to 22.9%: costs are rising faster than prices.
• Revenue fell 10.2% a year over the last 3 years.
• The dividend takes 128% of profit: little cushion if profit falls.
• The stock has fallen as much as 73% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 7.3 years.

Warning signs

• The net margin is only 6.1%: little room if costs rise.
• Return on capital (ROCE) is only 9.9%.

Strengths

• The net margin rose by 1.4 points over 5 years, to 6.1%.
• Operating cash flow is 2.94x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 32% a year over the next years.
• Analysts expect the net margin to improve by 4.1 points from today's 6.1%.
• Earnings per share grew 15.9% a year over the last 3 years.
• Net profit grew 39.2% a year over the last 3 years.

Next earnings report: 2026-11-12

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Questions

What grade does Enel S.p.A. (ENEL.MI) have?

In our weekly check, Enel S.p.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 2, red flags: 7. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ENEL.MI stock?

This week's biggest flags for Enel S.p.A.: High debt, Weak interest cover, Gross margin falling. In total 9 of 25 checks show a warning or a red flag.

What does Enel S.p.A. do?

Enel S.p.A. is an Utilities company (Diversified Utilities) based in Italy, listed on MIL as ENEL.MI.

When does Enel S.p.A. report earnings next?

The next earnings report is expected on 2026-11-12. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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