Loading…
← CockpitCompetitor Analysis › ENC.MC ENCE Energia y Celulosa SAOpen in the cockpit ↗

ENCE Energia y Celulosa SAENC.MCCompetitor analysis, valuation and peers

Spain · EUR·Materials›Pulp & Paper
Momentum weak 24
Mkt cap
$608M
US dollars, full cap
Free float
43%
of shares outstanding
$/day
$947,139
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-5.3 pp
WACC 5.8%
Hurdle
n/a
no reverse DCF
Next earnings
116 days
2 Mar 2027
Close · EUR€2.24
1D+1.3%
1W+1.3%
1M-1.5%
3M-13.4%
6M-8.7%
YTD-7.0%
1Y-11.3%
ATR %2.5%
52w lowhigh18.6% off high

What ENCE Energia y Celulosa does

Employees: 1,342

ENCE Energia y Celulosa at a glance

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).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026ENC.MC 94Peer median 79
Six months, rebased to 100: ENCE Energia y Celulosa against the median of its 20 peers (local-currency closes).

ENCE Energia y Celulosa financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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

Quarterly statements and history in the cockpit →

ENCE Energia y Celulosa competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%-20%-10%0%0022356053776003086031651812603429600794JKPAPER3708002067600433000576386500252100295160096660035680326050073863ENC.MC6-month return →1-month return →
Up and to the right = strong over both horizons. ENCE Energia y Celulosa is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%0×10×20×0022356053776003086031651812603429600794JKPAPER37080020676004330005760029518032ENC.MCRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. ENCE Energia y Celulosa is the large dot.

ENCE Energia y Celulosa competitors and peer comparison

How ENCE Energia y Celulosa compares with its peers

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.

ENCE Energia y Celulosa against its 20 peers (data as of 6 Nov 2026)
MeasureENC.MCPeer medianRank 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 margin1.0%1.9%9th lowest of 21
EV / Sales1.5×1.1×8th most expensive of 21
ROIC minus cost of capital-5.3 pp-3.9 pp9th lowest of 21
EV / EBITDA11.9×9.9×3rd most expensive of 8
Net debt / EBITDA5.4×1.6×2nd most indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
ENCE Energia y Celulosa ENC.MCSpain$608M-9%-1%1%1.5×n/an/a
Xiamen Anne 002235.SZChina$593M-38%+1%-9%8.6×n/an/a
Hangzhou Huawang New Material Technology 605377.SSChina$655M-20%-13%8%1.1×-7.9%+14.8%
Shandong Huatai Paper 600308.SSChina$662M-25%-5%-2%0.6×n/an/a
Zhejiang Rongsheng Environmental Protection Paper 603165.SSChina$554M-32%+10%2%1.2×n/an/a
Shandong Chenming Paper 1812.HKHong Kong$545M-52%+4%-37%3.6×n/an/a
Anhui Genuine New Materials 603429.SSChina$539M-33%-37%-46%24.2×n/an/a
Zhangjiagang Freetrade Science & Technology 600794.SSChina$533M-17%-35%-32%5.7×-9.2%-21.8%
JK Paper JKPAPER.NSIndia$707M-1%+12%8%1.1×19.8%+20.7%
Tokushu Tokai Paper 3708.TJapan$494M+34%0%5%1.1×8.5%+4.5%
Zhejiang Jingxing Paper Joint Stock 002067.SZChina$787M-27%+18%0%0.9×n/an/a
Guangdong Guanhao High-Tech 600433.SSChina$788M-37%-1%-4%1.4×25.9%+2.0%
Guangdong Ganhua Science & Industry 000576.SZChina$469M-17%+81%10%4.1×n/an/a
Hokuetsu 3865.TJapan$816M-9%-5%2%0.7×n/an/a
Qifeng New Material 002521.SZChina$445M-37%-3%4%0.9×-2.0%+3.6%
Sichuan Jinshi Technology 002951.SZChina$840M-7%-52%-102%20.2×n/an/a
Shandong Bohui Paper Industry 600966.SSChina$841M-33%-2%2%0.8×-0.6%+6.5%
Mudanjiang Hengfeng Paper 600356.SSChina$435M-11%-2%8%1.1×-1.6%+9.0%
Japan Pulp and Paper 8032.TJapan$877M+9%+10%2%0.4×3.5%+5.6%
Wuzhou Special Paper 605007.SSChina$882M-22%+17%5%1.5×n/an/a
Nippon Paper Industries 3863.TJapan$899M-6%+2%2%0.7×15.4%+3.4%

Questions

Which companies are ENCE Energia y Celulosa's closest peers?
The cockpit's peer set: Xiamen Anne (002235.SZ), Hangzhou Huawang New Material Technology (605377.SS), Shandong Huatai Paper (600308.SS), Zhejiang Rongsheng Environmental Protection Paper (603165.SS), Shandong Chenming Paper (1812.HK), Anhui Genuine New Materials (603429.SS), Zhangjiagang Freetrade Science & Technology (600794.SS), JK Paper (JKPAPER.NS).
Is ENCE Energia y Celulosa expensive compared with its peers?
On ev / sales it trades at 1.5× against a peer median of 1.1×, 8th most expensive of 21 in its peer set.
How has ENCE Energia y Celulosa stock performed?
Over six months to 6 Nov 2026 the shares returned -8.7% against -21.0% for the median peer; over one year -11.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.