Enel SpA (ENLA) - Net Assets
Based on the latest financial reports, Enel SpA (ENLA) has net assets worth €46.80 Billion EUR (≈ $54.72 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€178.66 Billion ≈ $208.87 Billion USD) and total liabilities (€131.85 Billion ≈ $154.15 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Enel SpA balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €46.80 Billion |
| % of Total Assets | 26.2% |
| Annual Growth Rate | -1.28% |
| 5-Year Change | 10.54% |
| 10-Year Change | N/A |
| Growth Volatility | 5.9 |
Enel SpA - Net Assets Trend (2016–2025)
This chart illustrates how Enel SpA's net assets have evolved over time, based on quarterly financial data. Check Enel SpA tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Enel SpA (2016–2025)
The table below shows the annual net assets of Enel SpA from 2016 to 2025. For live valuation and market cap data, see Enel SpA stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €46.80 Billion ≈ $54.72 Billion |
-4.81% |
| 2024-12-31 | €49.17 Billion ≈ $57.49 Billion |
+9.00% |
| 2023-12-31 | €45.11 Billion ≈ $52.74 Billion |
+7.20% |
| 2022-12-31 | €42.08 Billion ≈ $49.20 Billion |
-0.62% |
| 2021-12-31 | €42.34 Billion ≈ $49.50 Billion |
-0.04% |
| 2020-12-31 | €42.36 Billion ≈ $49.52 Billion |
-9.76% |
| 2019-12-31 | €46.94 Billion ≈ $54.88 Billion |
-1.91% |
| 2018-12-31 | €47.85 Billion ≈ $55.94 Billion |
-8.26% |
| 2017-12-31 | €52.16 Billion ≈ $60.98 Billion |
-0.79% |
| 2016-12-31 | €52.58 Billion ≈ $61.47 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Enel SpA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 25.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €15.98 Billion | 49.82% |
| Other Components | €16.09 Billion | 50.18% |
| Total Equity | €32.07 Billion | 100.00% |
Enel SpA Competitors by Market Cap
The table below lists competitors of Enel SpA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
McKesson Corporation
NYSE:MCK
|
$94.62 Billion |
|
Mizuho Financial Group Inc
F:MZ8A
|
$94.75 Billion |
|
Barclays PLC
MX:BCSN
|
$94.78 Billion |
|
Prosus N.V.
AS:PRX
|
$94.81 Billion |
|
PROSUS NV ADR/ 1/1
F:1YL
|
$94.22 Billion |
|
Cadence Design Systems Inc
NASDAQ:CDNS
|
$92.95 Billion |
|
Snowflake Inc.
NYSE:SNOW
|
$92.71 Billion |
|
Freeport-McMoran Copper & Gold Inc
NYSE:FCX
|
$92.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Enel SpA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,731,000,000 to 32,068,000,000, a change of -1,663,000,000 (-4.9%).
- Net income of 4,225,000,000 contributed positively to equity growth.
- Dividend payments of 5,794,000,000 reduced retained earnings.
- Share repurchases of 1,947,000,000 reduced equity.
- Other factors increased equity by 1,853,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €4.22 Billion | +13.18% |
| Dividends Paid | €5.79 Billion | -18.07% |
| Share Repurchases | €1.95 Billion | -6.07% |
| Other Changes | €1.85 Billion | +5.78% |
| Total Change | €- | -4.93% |
Book Value vs Market Value Analysis
This analysis compares Enel SpA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.00x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.81x to 3.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €3.42 | €9.60 | x |
| 2018-12-31 | €3.12 | €9.60 | x |
| 2019-12-31 | €2.99 | €9.60 | x |
| 2020-12-31 | €2.79 | €9.60 | x |
| 2021-12-31 | €2.92 | €9.60 | x |
| 2022-12-31 | €2.82 | €9.60 | x |
| 2023-12-31 | €3.13 | €9.60 | x |
| 2024-12-31 | €3.32 | €9.60 | x |
| 2025-12-31 | €3.20 | €9.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Enel SpA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.18%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.26%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 5.57x
- Recent ROE (13.18%) is above the historical average (11.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.38% | 3.72% | 0.44x | 4.47x | €-910.30 Million |
| 2017 | 10.86% | 5.20% | 0.47x | 4.47x | €299.50 Million |
| 2018 | 15.10% | 6.45% | 0.45x | 5.22x | €1.62 Billion |
| 2019 | 7.16% | 2.97% | 0.43x | 5.64x | €-863.70 Million |
| 2020 | 9.21% | 4.19% | 0.38x | 5.77x | €-222.50 Million |
| 2021 | 10.75% | 3.36% | 0.46x | 6.98x | €223.70 Million |
| 2022 | 5.87% | 1.64% | 0.47x | 7.67x | €-1.18 Billion |
| 2023 | 10.83% | 4.17% | 0.42x | 6.15x | €262.50 Million |
| 2024 | 20.80% | 9.93% | 0.38x | 5.55x | €3.64 Billion |
| 2025 | 13.18% | 6.26% | 0.38x | 5.57x | €1.02 Billion |
Industry Comparison
This section compares Enel SpA's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $18,395,234,222
- Average return on equity (ROE) among peers: -73.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Enel SpA (ENLA) | €46.80 Billion | 7.38% | 2.82x | $94.27 Billion |
| CIA EN.GER. ADR 1 (CIDS) | $21.78 Billion | 18.78% | 1.46x | $3.31 Billion |
| EnBW Energie Baden-Württemberg AG (EBK) | $1.54 Billion | -76.58% | 15.33x | $22.58 Billion |
| EDP-ENERG.PORTUG. ADR/10 (EDPA) | $13.83 Billion | 4.91% | 3.25x | $19.10 Billion |
| E.ON SE (EOAA) | $1.29 Billion | -656.57% | 48.49x | $47.50 Billion |
| E.ON SE (EOAN) | $21.87 Billion | 8.37% | 5.13x | $47.65 Billion |
| ENGIE ADR/1 EO 1 (GZFB) | $40.83 Billion | 9.37% | 3.15x | $63.66 Billion |
| IBERDROLA ADR/1 EO 3 (IBE5) | $60.29 Billion | 7.97% | 1.49x | $132.13 Billion |
| IGNITIS GRUPE SP.GDR/1 (IGV) | $1.86 Billion | 8.63% | 1.29x | $1.56 Billion |
| IGNITIS GRUPE AB EO 2233 (IGV0) | $2.26 Billion | 14.15% | 1.32x | $1.53 Billion |
About Enel SpA
Enel SpA operates as an integrated operator in the electricity and gas industries worldwide. The company operates through the Thermal Generation and Trading, Enel Green Power, Enel Grids, and End-User Markets segments. It operates renewable, nuclear, wind, hydroelectric, thermal, solar, and geothermal power plants. The company also generates, distributes, transmits, and sells electricity. In addi… Read more