Employees: 1,342
Size ENCE Energia y Celulosa (ENC.MC) is a Spain Materials company (Pulp & Paper) with a market value of $608M, the 76th largest of 97 Spain companies the cockpit tracks. Shares closed at €2.24 on 6 Nov 2026.
Performance Over six months the shares fell 8.7%, against -21.0% for the median peer and +8.2% for the Spain market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 1.3% over the last twelve months (peer median -0.8%); the operating margin is 1.0% (peer median 1.9%).
Valuation It trades at 1.5× enterprise value to sales against a peer median of 1.1× (8th most expensive of 21).
Capital Return on invested capital runs 5.3 points below its cost of capital (5.8% WACC).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €758M | €747M | €870M | €830M | €1.00B |
| Revenue growth | — | -14% | +5% | -17% | — |
| Gross profit | -€50.8M | €118M | €263M | €198M | €421M |
| EBITDA | €95.4M | -€28.5M | €162M | €87.3M | €245M |
| Net income | -€39.4M | -€54.5M | €31.6M | -€24.7M | €247M |
| Free cash flow | -€96.4M | -€42.3M | €7.71M | -€136M | €252M |
| Capital expenditure | €131M | €98.4M | €76.9M | €95.7M | €54.9M |
| Total debt | €696M | €651M | €639M | €630M | €419M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ENC.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.5% | -9.3% | 2nd highest of 21 |
| 6-month return | -8.7% | -21.0% | 7th highest of 21 |
| Distance from 52-week high | -18.6% | -38.0% | 4th highest of 21 |
| Revenue growth (TTM) | -1.3% | -0.8% | 11th highest of 21 |
| Operating margin | 1.0% | 1.9% | 9th lowest of 21 |
| EV / Sales | 1.5× | 1.1× | 8th most expensive of 21 |
| ROIC minus cost of capital | -5.3 pp | -3.9 pp | 9th lowest of 21 |
| EV / EBITDA | 11.9× | 9.9× | 3rd most expensive of 8 |
| Net debt / EBITDA | 5.4× | 1.6× | 2nd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ENCE Energia y Celulosa ENC.MC | Spain | $608M | -9% | -1% | 1% | 1.5× | n/a | n/a |
| Xiamen Anne 002235.SZ | China | $593M | -38% | +1% | -9% | 8.6× | n/a | n/a |
| Hangzhou Huawang New Material Technology 605377.SS | China | $655M | -20% | -13% | 8% | 1.1× | -7.9% | +14.8% |
| Shandong Huatai Paper 600308.SS | China | $662M | -25% | -5% | -2% | 0.6× | n/a | n/a |
| Zhejiang Rongsheng Environmental Protection Paper 603165.SS | China | $554M | -32% | +10% | 2% | 1.2× | n/a | n/a |
| Shandong Chenming Paper 1812.HK | Hong Kong | $545M | -52% | +4% | -37% | 3.6× | n/a | n/a |
| Anhui Genuine New Materials 603429.SS | China | $539M | -33% | -37% | -46% | 24.2× | n/a | n/a |
| Zhangjiagang Freetrade Science & Technology 600794.SS | China | $533M | -17% | -35% | -32% | 5.7× | -9.2% | -21.8% |
| JK Paper JKPAPER.NS | India | $707M | -1% | +12% | 8% | 1.1× | 19.8% | +20.7% |
| Tokushu Tokai Paper 3708.T | Japan | $494M | +34% | 0% | 5% | 1.1× | 8.5% | +4.5% |
| Zhejiang Jingxing Paper Joint Stock 002067.SZ | China | $787M | -27% | +18% | 0% | 0.9× | n/a | n/a |
| Guangdong Guanhao High-Tech 600433.SS | China | $788M | -37% | -1% | -4% | 1.4× | 25.9% | +2.0% |
| Guangdong Ganhua Science & Industry 000576.SZ | China | $469M | -17% | +81% | 10% | 4.1× | n/a | n/a |
| Hokuetsu 3865.T | Japan | $816M | -9% | -5% | 2% | 0.7× | n/a | n/a |
| Qifeng New Material 002521.SZ | China | $445M | -37% | -3% | 4% | 0.9× | -2.0% | +3.6% |
| Sichuan Jinshi Technology 002951.SZ | China | $840M | -7% | -52% | -102% | 20.2× | n/a | n/a |
| Shandong Bohui Paper Industry 600966.SS | China | $841M | -33% | -2% | 2% | 0.8× | -0.6% | +6.5% |
| Mudanjiang Hengfeng Paper 600356.SS | China | $435M | -11% | -2% | 8% | 1.1× | -1.6% | +9.0% |
| Japan Pulp and Paper 8032.T | Japan | $877M | +9% | +10% | 2% | 0.4× | 3.5% | +5.6% |
| Wuzhou Special Paper 605007.SS | China | $882M | -22% | +17% | 5% | 1.5× | n/a | n/a |
| Nippon Paper Industries 3863.T | Japan | $899M | -6% | +2% | 2% | 0.7× | 15.4% | +3.4% |