企業概要
Enel Chile S.A. is a prominent entity within the Utilities sector, specifically focusing on Regulated Electric services, where it manages the entire electricity value chain from exploration and development to generation, distribution, transmission, transformation, and sales across Chile and international markets. The company operates through two distinct business segments: Generation and Distribution, and Networks, allowing for a diversified operational footprint that addresses critical energy infrastructure needs. According to available data, the enterprise holds a market capitalization of $6.06B and reported annual revenue (TTM) of $4.55B, supported by a workforce of 1792 employees. These valuation and revenue figures indicate a substantial scale within the regulated utility landscape, suggesting that the company commands significant market presence and asset base relative to its peer group in the electric power industry.
財務健全性
The company's financial performance over the trailing twelve months is characterized by a revenue base of $4.55B, which generated net income of $537.63M and an EBITDA of $1.28B. The substantial disparity between the $4.55B revenue and the $537.63M net income reveals a cost structure where operating expenses, including depreciation, interest, and taxes, consume approximately 88.2% of total revenue before arriving at the bottom line. Despite this high expense ratio, the business maintains a positive free cash flow of $451.46M, which provides essential financial flexibility to fund capital expenditures, service debt obligations, or return capital to shareholders without relying solely on external financing. Profitability is further evidenced by three key margin metrics: a gross margin of 38.4%, an operating margin of 27.8%, and a profit margin of 11.8%, indicating that for every dollar of sales, the company retains 11.8 cents as profit after all costs. On the balance sheet, the company holds $462.70M in cash against total debt of $3.87B, resulting in a debt-to-equity ratio of 69.71% which suggests a leveraged capital structure typical of capital-intensive utility firms. However, the current ratio stands at 0.91, indicating that current assets are slightly below current liabilities, which implies a need for careful management of short-term liquidity to meet obligations as they fall due. Management effectiveness is reflected in a Return on Equity of 10.7% and a Return on Assets of 4.7%, metrics that demonstrate the ability to generate returns relative to the shareholders' invested capital and the total asset base, respectively.
バリュエーション評価
Valuation metrics for Enel Chile S.A. present a complex picture, with a trailing twelve-month P/E ratio of 11.23 contrasted sharply against a forward P/E of 0.02. This extreme divergence between the trailing and forward P/E ratios implies significant volatility in earnings reporting or potential data anomalies regarding future earnings expectations, as a forward P/E near zero often suggests earnings are temporarily depressed or not yet recognized in the forward model. The price-to-book ratio is recorded at 58.40, a figure that indicates the market is pricing the stock at a substantial premium over its tangible book value, which is common in regulated utilities with valuable intangible assets or franchise rights. Alternative valuation measures, including a price-to-sales ratio of 1.33 and an EV/EBITDA of 238.92, suggest that the company is trading at a very high multiple relative to its sales and earnings before interest, taxes, depreciation, and amortization, reflecting high investor expectations or market inefficiencies. Price action analysis shows a 52-week high of $4.51 and a 52-week low of $2.89, placing the stock within a specific trading range where the current price sits below the recent peak but above the trough. The beta of 0.45 indicates that the stock exhibits lower volatility than the broader market, moving less than half as much as the overall market index during periods of high volatility, which offers a degree of stability for risk-averse portfolios.
Growth & Income
Revenue growth year-over-year is reported at an impressive 162.9%, while earnings growth is marked as N/A in the available data. The absence of specific earnings growth data prevents a direct comparison of earnings expansion versus revenue expansion, though the massive revenue increase suggests significant volume or rate-driven growth in the regulated market. As a dividend payer, the company offers a dividend yield of 1.1% with a payout ratio of 13.7%, indicating that the dividend is highly sustainable given that it covers only a small fraction of the reported earnings. This low payout ratio suggests that the company retains the majority of its earnings to reinvest in network expansion, maintenance, or debt reduction rather than distributing maximum possible cash to shareholders. The overall growth and income profile is defined by robust revenue expansion and a conservative dividend policy that prioritizes balance sheet strengthening over high current income distributions, creating a hybrid investment characteristic common in regulated utility sectors facing infrastructure investment needs.