Elecnor S.A.

Elecnor S.A.

28.30
EUR
-0.85
(-2.92%)
1.32EPS
6.51P/E
801.07MMarket Cap
Mar 04Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
22.06
20.39
22.26
24.07
27.36
26.59
28.98
29
36.87
40.07
44.78
44.99
51.8
28.31
Basic EPS, GAAP
0.63
0.69
0.78
0.81
0.84
0.97
1.49
0.92
1.01
1.21
1.3
8.33
1.31
1.45
Free Cash Flow per Basic Share
-2.46
-2.75
0.74
0.72
-0.79
1.56
1.29
-0.42
1.16
1.7
1.32
-0.03
4.1
- -
Dividend per Share
0.34
0.26
0.27
0.28
0.32
0.41
0.51
0.4
0.41
0.37
0.44
6.77
3.22
- -
Book Value per Share
5.34
5.51
4.94
6.5
6.01
6.13
8.33
6.8
7.19
9.54
10.7
13.77
11.14
6.9
Tangible Book Value per Share
4.12
4.35
3.83
4.79
5.09
5.25
7.83
6.32
6.68
9.02
10.28
13.32
10.43
6.41
Basic Weighted Avg Shares
85
85
85
85
85
85
85
85
85
85
85
85
85
85
Sales/Revenue/Turnover
1,864
1,724
1,881
2,035
2,317
2,251
2,454
2,456
3,122
3,393
3,793
3,810
4,387
2,397
Operating Margin (%)
8.68
8.81
7.61
8.41
8.56
7.18
6.21
6.23
5.54
0.87
2.53
-1.08
3.82
- -
Depreciation Expense
65
69
86
79
67
63
87
72
89
63
71
76
87
- -
Net Income, GAAP
53
59
66
68
71
82
126
78
86
103
110
705
111
123
Effective Tax Rate (%)
47.87
38.77
29.84
33.7
27.03
29.95
31.26
34.26
34.1
27.52
27.91
- -
25.48
29.12
Profit Margin (%)
2.86
3.4
3.49
3.36
3.07
3.65
5.15
3.19
2.75
3.03
2.9
18.51
2.52
5.13
Working Capital
-307
-46
-80
-78
15
-16
2
98
31
7
378
99
120
4
LT Debt
1,075
1,181
1,110
1,178
735
606
677
842
826
847
379
119
201
695
Total Equity
532
810
740
980
564
566
737
600
634
834
926
1,167
943
610
Return on Invested Capital (%)
3.69
3.92
4.04
4.95
6.99
7.59
11.43
6.32
7.66
4.1
5.2
- -
8.87
- -
Return on Capital (%)
4.63
4.74
4.68
5.03
5.68
7.34
10.41
5.98
6.81
5.75
7.12
- -
9.28
6.53
Return on Common Equity (%)
11.01
12.77
14.87
14.15
13.45
15.97
20.64
12.22
14.49
14.51
12.84
68.03
10.5
22.66

Capital Structure

EUR

•

in mil. unless spec.
Dec'19
Mar'20
Jun'20
ST Debt
172
- -
232
LT Borrowings
636
- -
663
LT Finance Leases
41
- -
32
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
85
85
85
Market Capitalization
927
618
801

Working Capital

EUR

•

in mil. unless spec.
Dec'19
Mar'20
Jun'20
Total Current Assets
1,460
- -
1,441
Cash, Cash Equivalents & STI
332
- -
400
Accounts Receivable, Net
697
- -
615
Inventories
6
- -
8
Total Current Liabilities
1,458
- -
1,437
Payables & Accruals
- -
- -
- -
ST Debt
172
- -
232
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.7%
11.02%
-19.16%
Free Cash Flow
-1,549.18%
-2,966.29%
-14,376.95%
Net Income, GAAP
53.23%
98.58%
-84.3%
Sales/Revenue/Turnover
9.15%
12.64%
15.15%
Total Cash Common Dividend
145.71%
281.22%
-52.41%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3,810
2025
- -
- -
4,387
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
8.33
2025
- -
- -
1.31
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
6.77
2025
- -
- -
3.22
2026
- -
- -
- -

Company Description

CEO
Alberto García de los Ángeles
Full Time Employees
28,275
Sector
Industrial services
Industry
Engineering & construction
Address
Calle Marqués de Mondéjar 33 Madrid MA Spain 28028
IPO Date
Oct 25, 1990
Business
Elecnor, S.A. (ENO.MC) operates as a leading global provider of engineering, construction, and services for infrastructure, renewable energies, and essential sectors including electricity, power generation, telecommunications, systems, facilities engineering, gas, construction, maintenance, environmental services, water treatment, railway, and aerospace. The company delivers full-service management across services such as electricity distribution and infrastructure maintenance; projects encompassing energy generation and transmission infrastructures like solar plants, wind farms, high-voltage lines, and substations; and investments through the promotion, financing, and management of energy assets. Founded in 1958 and headquartered in Madrid, Spain, Elecnor conducts operations across more than 50 countries, with significant presence in Europe (Spain, Italy, United Kingdom, Lithuania), the Americas (United States, Brazil, Chile, Mexico, Dominican Republic, Panama), Australia, Africa (Angola, Ghana), and the Middle East (Oman). It functions as a subsidiary of Cantiles XXI, S.L., and manages numerous subsidiaries including Elecnor Servicios y Proyectos, S.A.U. for engineering and projects, Elecnor Chile SA for infrastructure and renewables, and others specializing in wind energy, solar PV, aeronautical software, and waste management. In recent developments, Elecnor sold its Enerfín renewable energy subgroup in 2024 for 1,560 million euros, marking the largest transaction in its history and yielding a gain of 805 million euros, which strengthened its balance sheet for shareholder remuneration, debt reduction, and new investments. The company signed a new syndicated loan agreement in September 2025 with a 350 million euro limit and five-year maturity to June 2030, replacing the 2014 facility and supporting its 2025-2027 Strategic Plan focused on profitable growth, sustainable investments, and people commitment; it also registered a multi-currency promissory note programme up to 400 million euros on the MARF. Additional expansions include contracts for Rail Baltica electrification in Europe, a 320 MW wind farm in Mexico operational by end-2025, the largest solar farm in New Zealand, two renewable projects in Ireland, the Azulão Complex in Brazil (390 million euro investment), a 213 million euro power transmission line in Brazil, and the NOA Stability Pathfinder in Scotland. In leadership, Alberto García de los Ángeles assumed the role of Group CEO, overseeing a new organizational structure for specialized business management. Elecnor targets utilities, governments, and industrial clients, emphasizing ESG initiatives, with 2024 net profits reaching 705.2 million euros driven by core operations and the Enerfín sale.