Enlight Renewable Energy Ltd (ENLT) 10-Year Financial Performance & Capital Metrics

ENLT • • Utilities

UtilitiesRenewable EnergyRenewable Power GenerationSolar & Wind Power Developers

AboutEnlight Renewable Energy Ltd operates as a renewable energy platform in Israel and internationally. The company initiates, plans, develops, constructs, and operates projects to produce electricity from renewable energy sources. It develops wind energy and solar energy projects, as well as energy storage projects. The company was incorporated in 1981 and is headquartered in Rosh HaAyin, Israel.Show more

Revenue $399M +52.7%
EBITDA $284M +27.0%
Net Income $44M -37.7%
Free Cash Flow -$717M -579.5%
EBITDA Margin 71.32% -16.8%
Net Margin 11.09% -59.2%
ROE 3.07% -46.1%
Interest Coverage 1.77 -29.7%
Debt/Equity 2.16 +15.1%
Net Debt/EBITDA 9.60 -6.3%
CapEx / Revenue 229.08%
CapEx Coverage 0.21

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 94 (top 6%)

✗Weaknesses

✗High debt to equity ratio of 2.2x
✗Weak 3Y average ROE of 3.8%
✗High leverage: 11.0x Debt/EBITDA

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.01%

5Y48.3%

3Y57.3%

TTM32.1%

Profit (Net Income) CAGR

10Y-1.65%

5Y-

3Y57.96%

TTM150.23%

EPS CAGR

10Y13.7%

5Y-

3Y52.02%

TTM142.29%

ROCE

10Y Avg2.05%

5Y Avg3.04%

3Y Avg3.81%

Latest3.9%

Peer Comparison

Solar & Wind Power Developers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CWENClearway Energy, Inc.	3B	35.38	47.17	4.34%	20.01%	4.77%	1.5%	1.39
ENLTEnlight Renewable Energy Ltd	6.63B	50.22	38.63	52.71%	25.72%	1.9%		2.16
RNWReNew Energy Global Plc	1.33B	5.40	0.49	19.36%	6.75%	5.89%		5.59
SUUNPowerBank Corporation	59.72M	1.63	-1.68	-28.86%	-7.46%	-14.99%		3.81
RNWWWReNew Energy Global plc		0.01		19.36%	6.75%	5.89%		5.59

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	187.93M	33.4M	37.39M	78.63M	55.61M	70.32M	102.46M	192.17M	261.14M	398.8M
Revenue Growth %	-0.53%	-0.82%	0.12%	1.1%	-0.29%	0.26%	0.46%	0.88%	0.36%	0.53%
Cost of Revenue	125.07M	22.44M	20.34M	36.99M	21.23M	29.96M	41.22M	82.71M	118.59M	189.59M
Gross Profit+	62.86M	10.96M	17.05M	41.64M	34.37M	40.37M	61.24M	109.47M	142.55M	209.21M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.38%	-0.83%	0.56%	1.44%	-0.17%	0.17%	0.52%	0.79%	0.3%	0.47%
Operating Expenses+	11.69M	14.83M	17.91M	23.85M	10.98M	11.99M	26.84M	18.85M	-15.59M	33.67M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	65.25M	-3.4M	-406K	30.55M	34.25M	44.24M	54.9M	132.88M	223.94M	284.42M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-0.48%	-1.05%	0.88%	76.24%	0.12%	0.29%	0.24%	1.42%	0.69%	0.27%
Depreciation & Amortization+	14.07M	479K	456K	12.75M	10.87M	15.87M	20.5M	42.27M	65.8M	108.89M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	51.17M	-3.87M	-862K	17.8M	23.39M	28.37M	34.4M	90.61M	158.14M	175.53M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.49%	-1.08%	0.78%	21.65%	0.31%	0.21%	0.21%	1.63%	0.75%	0.11%
Interest Expense+	74.54M	67.78M	17.6M	67.02M	28.42M	32.18M	30.8M	58.24M	62.75M	99.01M
Interest Coverage	0.69x	-0.06x	-0.05x	0.27x	0.82x	0.88x	1.12x	1.56x	2.52x	1.77x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	1000K	54K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	30.48M	-3.82M	14.79M	28.11M	7.16M	-53.39M	27.37M	51.06M	126.47M	84.78M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	10.62M	-3.35M	3.92M	5.97M	3.68M	-12.35M	5.69M	12.94M	28.43M	18.27M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	15.6M	3.91M	1.11M	2.59M	-5.04M	-43.87M	11.22M	24.75M	70.92M	44.21M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.7%	-0.75%	-0.71%	1.32%	-2.95%	-7.71%	1.26%	1.21%	1.87%	-0.38%
EPS (Diluted)+	0.13	0.03	0.02	0.05	-0.28	-1.93	0.37	0.25	2.07	1.30
EPS Growth %	-0.64%	-0.8%	-0.13%	1.13%	-6.79%	-5.89%	1.19%	-0.32%	7.28%	-0.37%
EPS (Basic)	0.13	0.03	0.02	0.05	-0.28	-1.93	0.39	0.26	2.06	1.31
Diluted Shares Outstanding	39.77M	35.59M	49.01M	53.49M	62.5M	78.3M	98.11M	99.98M	123.86M	123.31M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	1.67B	1.6B	1.99B	3.04B	1.29B	1.82B	2.84B	3.53B	4.63B	5.55B
Asset Growth %	0.07%	-0.04%	0.24%	0.53%	-0.57%	0.41%	0.56%	0.25%	0.31%	0.2%
PP&E (Net)+	192.77M	116M	412.83M	1.24B	569.19M	1.02B	1.59B	2.32B	3.07B	3.91B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	257.8M	284.58M	277.06M	484.82M	306.84M	274.16M	413.31M	423.7M	664.64M	707.95M
Cash & Equivalents	137.54M	165.22M	114.49M	229.01M	251.6M	187.34M	265.93M	193.87M	403.81M	387.43M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	0	0	0	0	0	0	0	0	0	0
Other Current Assets	46.36M	18.4M	38.95M	153.9M	13.4M	15.12M	45.18M	93.6M	143.67M	170.18M
Long-Term Investments	1.08B	1.04B	0	-36.89M	56.79M	107.66M	28.68M	42.92M	64.85M	69.22M
Goodwill	0	0	0	0	0	0	148.13M	148.13M	148.13M	148.8M
Intangible Assets	20.18M	7.4M	126.32M	147.34M	324.11M	362.2M	98.93M	131.59M	139.83M	142.64M
Other Assets	40.69M	38.6M	1.17B	1.2B	31.97M	41.22M	530.35M	465.1M	538.61M	557.4M
Total Liabilities	1.42B	1.28B	1.53B	2.42B	902.92M	1.31B	2.08B	2.48B	3.2B	4.11B
Total Debt+	1.28B	1.19B	1.41B	2.18B	798.56M	1.17B	1.82B	2.16B	2.7B	3.12B
Net Debt	1.14B	1.02B	1.3B	1.95B	546.96M	984.71M	1.55B	1.97B	2.3B	2.73B
Long-Term Debt	303.92M	1.12B	1.34B	538.87M	714.22M	860.85M	1.63B	1.88B	2.22B	2.64B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	37.08M	74.22M	105.65M	99.62M	128.67M	222.18M
Total Current Liabilities+	171.44M	115.31M	139.86M	315.24M	114.1M	326.22M	201.07M	385.35M	583.29M	592.04M
Accounts Payable	1.11M	6.24M	29.61M	128.94M	34.74M	7.97M	27.42M	34.64M	105.57M	161.99M
Accrued Expenses	59.81M	30.62M	32.15M	31.82M	893.17K	1.39M	37.91M	32.62M	36.83M	35.7M
Deferred Revenue	0	0	0	0	0	0	445.4K	0	0	0
Other Current Liabilities	84.12M	5.7M	-87.93M	657K	31.2M	79.88M	41.72M	117.05M	56.49M	100.95M
Deferred Taxes	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	945.74M	51.85M	44.82M	20.05M	24.11M	36.42M	130.19M	110.21M	230.25M	621.39M
Total Equity+	248.67M	313.87M	459.44M	618.23M	388.53M	513.08M	757.38M	1.05B	1.44B	1.44B
Equity Growth %	-0.05%	0.26%	0.46%	0.35%	-0.37%	0.32%	0.48%	0.39%	0.37%	0%
Shareholders Equity	181.14M	193.35M	329.85M	398.68M	295.12M	366.03M	532.64M	804.09M	1.17B	1.18B
Minority Interest	67.53M	120.52M	129.59M	219.55M	93.41M	147.04M	224.74M	245.94M	267.2M	260.41M
Common Stock	3.35M	3.73M	4.91M	5.36M	2.18M	2.56M	2.55M	2.83M	3.29M	3.31M
Additional Paid-in Capital	130.78M	156.37M	287.48M	349.81M	285.65M	419.7M	556.16M	762.52M	1.03B	1.03B
Retained Earnings	18.7M	22.61M	22.08M	24.67M	2.09M	-44.71M	-31.96M	-7.21M	63.71M	107.92M
Accumulated OCI	28.3M	10.77M	0	0	5.21M	-11.53M	-4.51M	30.47M	57.73M	25.27M
Return on Assets (ROA)	0.01%	0%	0%	0%	-0%	-0.03%	0%	0.01%	0.02%	0.01%
Return on Equity (ROE)	0.06%	0.01%	0%	0%	-0.01%	-0.1%	0.02%	0.03%	0.06%	0.03%
Debt / Equity	5.13x	3.79x	3.07x	3.53x	2.06x	2.28x	2.40x	2.06x	1.88x	2.16x
Debt / Assets	0.76%	0.74%	0.71%	0.72%	0.62%	0.64%	0.64%	0.61%	0.58%	0.56%
Net Debt / EBITDA	17.46x	-	-	63.97x	15.97x	22.26x	28.30x	14.80x	10.25x	9.60x
Book Value per Share	6.25	8.82	9.37	11.56	6.22	6.55	7.72	10.5	11.59	11.69

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-161.44M	20.97M	4.67M	67.52M	29.18M	38.81M	52.02M	86.29M	149.62M	196.15M
Operating CF Growth %	-1.46%	1.13%	-0.78%	13.46%	-0.57%	0.33%	0.34%	0.66%	0.73%	0.31%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	19.86M	-475K	10.87M	22.13M	3.47M	-41.03M	21.68M	23.63M	98.04M	44.91M
Depreciation & Amortization	14.07M	479K	456K	12.75M	10.87M	15.87M	20.5M	40.36M	65.8M	110.62M
Deferred Taxes	7.31M	-3.42M	6.47M	24.27M	0	0	5.69M	4.66M	-24M	4.53M
Other Non-Cash Items	-200.16M	11.39M	-9.69M	711K	20.23M	57.18M	12.65M	13.94M	-10.96M	32.61M
Working Capital Changes	-3.82M	10.84M	-5.91M	1.6M	-9.57M	4.55M	-12.47M	3.7M	15.77M	3.46M
Capital Expenditures+	-100.59M	-83.64M	-242.88M	-653.49M	-250.84M	-341.93M	0	-610.18M	0	-913.58M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-100.59M	-57.48M	-358.2M	-795.18M	-250.84M	-492.45M	-644.64M	-680.55M	-798.07M	-986.79M
Acquisitions	-13.94M	-15.01M	-61.15M	-21.83M	1.44M	-71.58M	-157.68M	-37.98M	-12.7M	-31.4M
Purchase of Investments	-3.72M	-10.04M	-6.16M	-17.02M	-8.62M	-21.76M	-23.72M	-16.09M	-5.68M	-41.82M
Sale of Investments	1000K	1000K	-1000K	1000K	0	0	0	0	1000K	0
Other Investing	-54.25M	47.26M	-40.87M	-129.8M	-87.64M	-57.17M	-463.24M	0	-812.28M	0
Cash from Financing+	191.76M	93.56M	314.55M	841.23M	354.72M	343.53M	752.31M	633.57M	855.3M	757.87M
Dividends Paid	0	0	-4.22M	-3.87M	-7.86M	0	0	0	0	0
Dividend Payout Ratio %	0.75%	-	3.79%	1.5%	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	0	0	33.42M	16.56M	163.46M	105.95M	175.08M	195.62M	266.45M	15.24K
Share Repurchases	-1M	-1.58M	0	0	0	0	0	0	0	0
Other Financing	-27.47M	69.6M	257.53M	625.83M	47.91M	-80.36M	35.45M	-4.19M	106.18M	359.67M
Net Change in Cash+	-71.14M	56.63M	-38.63M	114.52M	131.15M	-98.34M	166.6M	-14.63M	209.94M	-67.01M
Exchange Rate Effect	-874K	-413K	351K	952K	-1000K	1000K	1000K	-1000K	1000K	-1000K
Cash at Beginning	167.63M	96.49M	153.12M	114.49M	66.13M	197.68M	99.33M	301.37M	193.87M	541.98M
Cash at End	96.49M	153.12M	114.49M	229.01M	197.29M	99.33M	265.93M	286.74M	403.81M	474.97M
Free Cash Flow+	-262.02M	-62.68M	-238.21M	-585.97M	-221.66M	-303.12M	52.02M	-523.89M	149.62M	-717.43M
FCF Growth %	-1.32%	0.76%	-2.8%	-1.46%	0.62%	-0.37%	1.17%	-11.07%	1.29%	-5.8%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.12%	1.39%	0.29%	0.48%	-1%	-9.73%	1.77%	2.74%	5.71%	3.07%
EBITDA Margin	34.72%	-10.17%	-1.09%	38.85%	61.6%	62.91%	53.58%	69.15%	85.75%	71.32%
Net Debt / EBITDA	17.46x	-	-	63.97x	15.97x	22.26x	28.30x	14.80x	10.25x	9.60x
Interest Coverage	0.69x	-0.06x	-0.05x	0.27x	0.82x	0.88x	1.12x	1.56x	2.52x	1.77x
CapEx / Revenue	53.52%	250.44%	649.61%	831.06%	451.11%	486.22%	0%	326%	0%	229.08%
Dividend Payout Ratio	75.46%	-	378.74%	149.52%	-	-	-	-	-	-
Debt / Equity	5.13x	3.79x	3.07x	3.53x	2.06x	2.28x	2.40x	2.06x	1.88x	2.16x
EPS Growth	-63.89%	-80%	-12.69%	113.22%	-678.51%	-589.29%	119.17%	-32.43%	728%	-37.2%

Revenue by Geography

	2022	2023	2024
Europe	70.7M	87.37M	197.14M
Europe Growth	-	23.58%	125.63%
ISRAEL	51.36M	67.69M	155.69M
ISRAEL Growth	-	31.78%	130.02%
UNITED STATES	-	2.27M	36.61M
UNITED STATES Growth	-	-	1509.85%
Western Europe	58.99M	90.1M	-
Western Europe Growth	-	52.73%	-

Frequently Asked Questions

Valuation & Price

Enlight Renewable Energy Ltd (ENLT) has a price-to-earnings (P/E) ratio of 38.6x. This suggests investors expect higher future growth.

Growth & Financials

Enlight Renewable Energy Ltd (ENLT) reported $478.6M in revenue for fiscal year 2024. This represents a 3477% increase from $13.4M in 2011.

Enlight Renewable Energy Ltd (ENLT) grew revenue by 52.7% over the past year. This is strong growth.

Yes, Enlight Renewable Energy Ltd (ENLT) is profitable, generating $123.1M in net income for fiscal year 2024 (11.1% net margin).

Dividend & Returns

Enlight Renewable Energy Ltd (ENLT) has a return on equity (ROE) of 3.1%. This is below average, suggesting room for improvement.

Enlight Renewable Energy Ltd (ENLT) had negative free cash flow of $933.5M in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Enlight Renewable Energy Ltd (ENLT) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

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