Financials Enlight Renewable Energy Ltd

Equities

ENLT

IL0007200111

Independent Power Producers

Market Closed - TEL AVIV STOCK EXCHANGE 06:19:47 12/05/2024 pm IST 5-day change 1st Jan Change
6,708 ILa -0.68% Intraday chart for Enlight Renewable Energy Ltd +2.74% -5.79%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,264 5,514 7,081 6,881 8,391 7,915 - -
Enterprise Value (EV) 1 3,264 5,514 7,081 12,720 15,815 17,382 19,599 21,716
P/E ratio - - - - 34.4 x - - -
Yield - - - - - - - -
Capitalization / Revenue 17 x 22.8 x 16.2 x 9.87 x 9.04 x 6.05 x 4.47 x 3.49 x
EV / Revenue 17 x 22.8 x 16.2 x 18.3 x 17 x 13.3 x 11.1 x 9.57 x
EV / EBITDA 27.5 x 36.3 x - 27 x 23.1 x 18.7 x 17.4 x 13.5 x
EV / FCF - - - -6.39 x -7.42 x -6.47 x -4.31 x -5.42 x
FCF Yield - - - -15.6% -13.5% -15.5% -23.2% -18.5%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 75,214 82,297 92,511 95,564 1,17,857 1,17,991 - -
Reference price 2 43.40 67.00 76.54 72.00 71.20 67.08 67.08 67.08
Announcement Date 23/03/20 31/03/21 31/03/22 15/03/23 26/02/24 - - -
1ILS in Million2ILS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 192.5 241.7 437 696.9 927.9 1,308 1,770 2,270
EBITDA 1 118.6 152 - 471.2 685.1 927.8 1,126 1,611
EBIT 1 - - 203 317.9 573.9 517.6 596 918
Operating Margin - - 46.45% 45.62% 61.85% 39.56% 33.68% 40.44%
Earnings before Tax (EBT) 1 - - - 185.2 460.1 246 177.7 -
Net income 1 - - - 89.75 257.4 116.9 190 770.2
Net margin - - - 12.88% 27.74% 8.94% 10.74% 33.93%
EPS - - - - 2.068 - - -
Free Cash Flow 1 - - - -1,990 -2,132 -2,688 -4,548 -4,010
FCF margin - - - -285.6% -229.75% -205.5% -257.03% -176.67%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 23/03/20 31/03/21 31/03/22 15/03/23 26/02/24 - - -
1ILS in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 220.7 258.9 195.9 216.7 267.9 336 285.6 300.9 378.7 382.8
EBITDA 1 156.7 195.3 154.7 175.3 168.8 254 199.2 208.5 255.5 249
EBIT 1 107.9 142.4 124.8 158.6 90.4 159.4 102.8 105.7 147.7 -
Operating Margin 48.89% 55% 63.71% 73.19% 33.75% 47.44% 35.98% 35.15% 39.01% -
Earnings before Tax (EBT) 1 -253.8 157 105.5 135.4 68.94 116.4 36.42 27.88 65.04 -
Net income 1 -144.1 87.48 54.21 84.57 34.93 62.3 -4.646 18.58 38.47 -
Net margin -65.28% 33.8% 27.68% 39.02% 13.04% 18.54% -1.63% 6.18% 10.16% -
EPS - 0.7292 0.4472 0.4831 0.4355 - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 15/03/23 11/05/23 09/08/23 20/11/23 26/02/24 08/05/24 - - - -
1ILS in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 5,839 7,423 9,468 11,685 13,801
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - 12.39 x 10.84 x 10.2 x 10.38 x 8.565 x
Free Cash Flow 1 - - - -1,990 -2,132 -2,688 -4,548 -4,010
ROE (net income / shareholders' equity) - - - 3.7% 7.19% 2.13% 3.28% 11.8%
ROA (Net income/ Total Assets) - - - 0.78% 1.74% 0.62% 0.86% 2.59%
Assets 1 - - - 11,548 14,819 18,748 22,199 29,726
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - 4.430 - - -
Capex 1 - - - 2,318 2,680 3,781 4,330 6,227
Capex / Sales - - - 332.64% 288.88% 289.05% 244.7% 274.33%
Announcement Date 23/03/20 31/03/21 31/03/22 15/03/23 26/02/24 - - -
1ILS in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
67.08 ILS
Average target price
76.62 ILS
Spread / Average Target
+14.22%
Consensus
  1. Stock Market
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  4. Financials Enlight Renewable Energy Ltd
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