Elecnor ENO.MC
SpainIndustrials · Engineering & ConstructionBolsa de Madrid (BME) · EUR
41.88 EUR (+39.6%)
3 analysts
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Elecnor is a Spanish engineering and construction group operating in the infrastructure, energy, and telecommunications sectors, with international presence and a growing renewable energy business.
Listed on Bolsa de Madrid (BME) · Symbol ENO.MC · BME: ENO · Currency EUR
Key points
from its scores- ✓Attractive valuation7.3
- ✓Good share-price trend7.2
AI analysis
bottom line, main risk, context and newsFinancial strength and cash generation are the main attractions, but flat revenue growth and a modest dividend yield limit the potential for short-term revaluation.
Elecnor presents a very solid balance sheet with net cash (Net Debt/EBITDA of -1.92) and excellent free cash flow generation (129.92% conversion), supporting an attractive valuation (FCF yield of 12.43%). Earnings growth is strong (35.60%), although revenues are flat, and the dividend yield is modest (1.73%).
The main risk is exposure to a high-governance-risk environment in Spain, which could affect project awards and the profitability of its infrastructure business.
Context and risks
Elecnor operates in Spain, a country with elevated governance risk according to the assigned profile. Although its infrastructure and renewables business is long-duration, exposure to a regulatory and political environment that can affect project awards and profitability justifies a moderate penalty. There are no recent news items that modify this risk.
Is Elecnor stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 32% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 19.7 | 25.4 | −22% |
| EV / EBITDA | 8.5 | 14.5 | −41% |
| Price / book | 2.5 | 4.1 | −39% |
| Price / sales | 0.6 | 2.1 | −72% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.3 out of 10 (median for Industrials: 5.0).
Average analyst target: 41.88 EUR, +39.6% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.9 (sector 6.4), Growth 6.1 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 19.7
- Forward P/E
- 15.6
- EV / EBITDA
- 8.5
- Price / book
- 2.5
- Price / sales
- 0.6
- PEG
- 2.05
- Market cap
- 2.5B EUR
- Enterprise value
- 2.1B EUR
Profitability
- ROE
- 13.4%
- ROA
- 3.0%
- ROIC (approx.)
- 12.6%
- Gross margin
- 50.6%
- Operating margin
- 4.1%
- Net margin
- 2.9%
- Free cash flow
- 315.8M EUR
- FCF yield
- 12.4%
- Cash conversion
- 130%
Solvency
- Total debt
- 398.4M EUR
- Net debt
- −466.7M EUR
- Cash
- 865.1M EUR
- EBITDA
- 243.0M EUR
- Net debt / EBITDA
- −1.92
- Debt / equity
- 38.87
- Current ratio
- 1.04
- Quick ratio
- 1.03
Growth
- Revenue growth
- −0.2%
- Earnings growth
- +35.6%
- EPS (TTM)
- 1.52 EUR
- EPS (forward)
- 1.92 EUR
Dividend
- Dividend yield
- 1.7%
- Payout
- 34.4%
Risk and market
- Beta
- 0.54
- Analyst consensus
- none (3)
- Target price
- 41.88 EUR
- 52-week range
- 23.70 – 42.25
Recent news
All ENO.MC news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Elecnor
Is Elecnor stock cheap or expensive?
On P/E and EV / EBITDA, it trades 32% below the Industrials median on average. Valuation score: 7.3 out of 10 (median for Industrials: 5.0). Average analyst target: 41.88 EUR, +39.6% versus the price. This is not investment advice.
What score does Elecnor get on MeridIAn Screener?
It scores 6.9 out of 10, rank 252 of 2,130 (better than 86% of the companies analysed). Its strongest category is Valuation (7.3) and its weakest, Growth (6.1). Analysis of 08/10/2026.
What is Elecnor's P/E ratio?
Its P/E is 19.7: the share price equals 19.7 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 15.6.
How much is Elecnor worth on the stock market?
Its market capitalisation is 2.5B EUR and its enterprise value, debt included, is 2.1B EUR.
How much debt does Elecnor have?
It has more cash than debt: net cash of 466.7M EUR.
Does Elecnor pay a dividend?
Yes: its dividend yield is 1.73% and it pays out 34% of its earnings.
How has Elecnor stock performed over the last year?
It has risen 16.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 23.70 and 42.25 EUR. Past performance does not guarantee future results.
What do analysts think of Elecnor?
3 analysts cover it; their average recommendation is “none” and their average target is 41.88 EUR (+39.6% versus the price). It is an estimate, not market data.