Upside case
Bull case
$61+176.9%
ENO would need investors to value it at roughly 35x earnings — about 22x more generous than today's 13x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewNo CoverageUpdated —
Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Mixed
Covering
—
analysts
0 bullish · 0 bearish · 0 covering ENO
Strong Buy
0
Buy
0
Hold
0
Sell
0
Strong Sell
0
Consensus Target
—
— vs today
Scenario Range
$12 – $61
Model bear to bull value window
Coverage
—
Published analyst ratings
Valuation Context
12.6x
Forward P/E · Market cap $10.2B
ENO price targets
Three scenarios for where ENO stock could go
Current
~$22
Confidence
40 / 100
Updated
—
Where we are now
Current · $22
Bear
$12
Base
$25
Bull
$61
Market caseClosest to today
Base case
$25+13.2%
At 14x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$12-46.5%
If investor confidence fades or macro conditions deteriorate, a 6x multiple contraction could push ENO down roughly 47% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066
ENO · NYSEUtilitiesRegulated ElectricDecember year-end
Entergy New Orleans is a regulated electric utility that distributes electricity to residential, commercial, and industrial customers in the New Orleans metropolitan area. It generates revenue primarily through regulated electricity distribution rates approved by state utility commissions — with residential customers typically representing the largest segment. Its key advantage is its regulated monopoly status in its service territory, which provides stable, predictable cash flows through cost-plus rate structures.
Market Cap
$10.2B
Revenue TTM
$13.3B
Net Income TTM
$1.8B
Net Margin
13.4%
ENO Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
—No data
8 quarters tracked
Revenue Beat Rate
—No data
vs consensus estimates
Avg EPS Surprise
—
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2023
Q3 2023
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 0 of 4Q2 2023
EPS
$1843.74/—
Revenue
$2.85T/—
Q3 2023
EPS
$3141.54/—
Revenue
$3.60T/—
Q1 2026
EPS
$0.52/—
Revenue
$3.0B/—
Q2 2026
EPS
$0.84/—
Revenue
$3.2B/—
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2023 | $1843.74/— | — | $2.85T/— | — |
| Q3 2023 | $3141.54/— | — | $3.60T/— | — |
| Q1 2026 | $0.52/— | — | $3.0B/— | — |
| Q2 2026 | $0.84/— | — | $3.2B/— | — |
FY1–FY2 Estimates
Revenue Outlook
FY1
$12.8B
-3.7% YoY
FY2
$15.5B
+8.0% YoY
EPS Outlook
FY1
$3.78
-1.9% YoY
FY2
$4.43
+17.0% YoY
Trailing FCF (TTM)-$1.1B
FCF Margin: -8.0%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
ENO beat EPS estimates in 0 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
ENO Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $12.9B
Product Mix
Latest annual revenue by segment or product family
Electricity, US Regulated
98.7%
+9.9% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Electricity, US Regulated is the largest disclosed segment at 98.7% of FY 2025 revenue, up 9.9% YoY.
ENO Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $141 — implies +538.5% from today's price.
Upside to Fair Value
538.5%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
ENO
5.6x
vs
S&P 500
25.2x
78% discount
vs Utilities Trailing P/E
ENO
5.6x
vs
Utilities
19.7x
71% discount
vs ENO 5Y Avg P/E
Today
5.6x
vs
5Y Average
53.5x
89% discount
Forward PE
12.6x
S&P 500
19.1x
-34%
Utilities
17.2x
-27%
5Y Avg
—
—
Trailing PE
5.6x
S&P 500
25.2x
-78%
Utilities
19.7x
-71%
5Y Avg
53.5x
-89%
PEG Ratio
0.08x
S&P 500
1.75x
-96%
Utilities
1.73x
-96%
5Y Avg
—
—
EV/EBITDA
2.5x
S&P 500
15.3x
-84%
Utilities
11.5x
-78%
5Y Avg
22.1x
-89%
Price/FCF
16.2x
S&P 500
21.3x
-24%
Utilities
15.4x
+5%
5Y Avg
68.2x
-76%
Price/Sales
0.8x
S&P 500
3.1x
-75%
Utilities
2.2x
-64%
5Y Avg
3.7x
-79%
Dividend Yield
—
S&P 500
1.88%
—
Utilities
3.07%
—
5Y Avg
1.93%
—
| Metric | ENO | S&P 500 | Utilities | 5Y Avg ENO |
|---|---|---|---|---|
| Forward PE | 12.6x | 19.1x-34% | 17.2x-27% | — |
| Trailing PE | 5.6x | 25.2x-78% | 19.7x-71% | 53.5x-89% |
| PEG Ratio | 0.08x | 1.75x-96% | 1.73x-96% | — |
| EV/EBITDA | 2.5x | 15.3x-84% | 11.5x-78% | 22.1x-89% |
| Price/FCF | 16.2x | 21.3x-24% | 15.4x | 68.2x-76% |
| Price/Sales | 0.8x | 3.1x-75% | 2.2x-64% | 3.7x-79% |
| Dividend Yield | — | 1.88% | 3.07% | 1.93% |
ENO trades above S&P 500 benchmarks on 0 of 6 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolENO Financial Health
Verdict
Strong
ENO earns 23.1% operating margin on regulated earnings. Utilities carry higher leverage than industrials as a structural feature of the business model.
Regulated Operations
Revenue, regulated margins, and earnings
Revenue (TTM)
Trailing-twelve-month sales base
$13.3B
Revenue Growth
TTM vs prior year
+100.0%
Operating Margin
Operating income divided by revenue
23.1%
Net Margin
Net income divided by revenue
13.4%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$3.85
Operating Margin
Operating income over revenue — primary regulated earnings signal
23.1%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
22.5%
ROA
Return on assets, trailing twelve months
1448.7%
Cash & Equivalents
Liquid assets on the balance sheet
—
Net Debt
Total debt minus cash
$3.0B
Debt Serviceability
Net debt as a multiple of annual free cash flow
—
Regulated utilities typically operate at 3–5× net debt/FCF — this is structural, not a risk flag.
ROE
Return on equity, trailing twelve months
13.9%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.0%
Dividend
—
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
463M
All figures from the trailing twelve months. Utilities operate with structural leverage (3–5× net debt/FCF) due to regulated, predictable cash flows.
Open full ratios pageENO Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Operational Risks
Enbridge faces significant operational risks, including service interruptions that can arise from accidents, equipment failure, or human error. Such disruptions can severely impact customer operations and earnings, leading to financial claims against the company.
High Risk
Environmental and Regulatory Risks
The company is exposed to evolving environmental regulations and climate-related legal challenges, which can increase costs and affect its reputation. Legal disputes, particularly regarding projects like Line 5, pose risks of operational disruptions and reputational damage.
High Risk
Financial and Market Risks
Enbridge's financial health is threatened by commodity price fluctuations, particularly in its Liquids Pipelines segment. A decline in crude oil prices could lead to project delays or cancellations, impacting overall financial performance.
Medium
Debt and Capital Allocation
Concerns regarding Enbridge's capital allocation and rising debt levels are significant, with a reported total debt-to-equity ratio of 161.40%. This raises questions about the sustainability of its dividend and overall financial stability.
Medium
Cybersecurity Risks
As Enbridge's operations become increasingly digital, the company faces heightened cybersecurity risks that could disrupt services and lead to financial losses. A successful cyberattack could compromise sensitive operational data.
Lower
Management and Strategic Risks
Some analysts have expressed concerns regarding Enbridge's management effectiveness, despite the company's strong business model. Issues with capital allocation have been noted as a potential drag on the company's overall performance.
Lower
Supply Chain Disruptions
While specific details for Enbridge are limited, disruptions in the broader energy supply chain can impact operations. This risk is particularly relevant in the context of global supply chain vulnerabilities.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why ENO Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Strong Recent Performance
Elecnor's share price has significantly outperformed the FTSE Global All Cap Index over the past six months, showing a +24.99% increase. Over the past year, this outperformance is even more pronounced at +72.73%.
Undervaluation Potential
According to one analysis, the intrinsic value for Elecnor SA under a Base Case scenario is €38.65. Compared to the current market price of €36.15, the stock appears to be undervalued by 6%.
Revenue Growth
Elecnor reported record revenue for 2025, growing 38% year-over-year to $31.8 million, with defense shipments being a major contributor. In Q4 2025, revenue was $11.3 million, up 16% year-over-year.
Improved Margins
The company has seen improved profitability, with a full-year gross margin of 23% and a Q4 2025 gross margin of 26%, attributed to higher volumes and operational enhancements.
Strong Liquidity
Elecnor ended 2025 with substantial cash reserves of $621 million, providing ample support for its commercialization plans.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
ENO Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$22.04
52W Range Position
85%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$6.00
+267.3% from the low
52-Week High
$24.95
-11.7% from the high
1 Month
+0.46%
3 Month
-1.74%
YTD
-1.9%
1 Year
+0.3%
3Y CAGR
-2.8%
5Y CAGR
-2.7%
10Y CAGR
-1.7%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
ENO vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
12.6x
vs 20.4x median
-38% below peer median
Revenue Growth
-3.7%
vs +4.9% median
-174% below peer median
Net Margin
13.4%
vs 13.6% median
-1% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
ENO ENO Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 | $10.2B | 12.6x | -3.7% | 13.4% | — | — |
ETR ETR Entergy Corporation | $51.7B | 25.7x | +4.9% | 13.6% | Buy | +3.5% |
EAI EAI Entergy Arkansas, Inc. 1M BD 4.875%66 | $9.6B | — | +8.0% | 13.4% | — | — |
EMP EMP Entergy Mississippi, Inc. 1M BD 66 | $9.7B | — | +8.0% | 13.4% | — | — |
SO SO The Southern Company | $105.4B | 20.4x | +4.5% | 14.5% | Hold | +6.5% |
DUK DUK Duke Energy Corporation | $97.7B | 18.7x | +2.4% | 15.4% | Hold | +7.9% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
ENO Dividend and Capital Return
ENO does not currently return meaningful capital to shareholders.
Dividend UnknownFCF Unknown
Total Shareholder Yield
0.0%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.38
Growth Streak
Consecutive years of dividend increases
1Y
3Y Div CAGR
0.0%
5Y Div CAGR
0.0%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
463M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.34 | — | — | — |
| 2025 | $1.38 | +0.0% | 0.0% | 0.0% |
| 2024 | $1.38 | 0.0% | 0.0% | 1.3% |
| 2023 | $1.38 | 0.0% | 0.0% | 2.6% |
| 2022 | $1.38 | 0.0% | 0.0% | 0.0% |
FAQ
6 questionsENO Investor Questions
Common questions answered from live analyst data and company financials.
01Is Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) stock a buy or sell in 2026?
Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) has limited published analyst coverage at this time. The model scenario range runs from $12 to $61 around a current price of $22. Use the scenario targets and valuation multiples on this page as a guide.
02Is Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) stock overvalued in 2026?
ENO trades at 12.6x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
03What are the main risks for Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) stock in 2026?
The primary risks for ENO in 2026 are: (1) Operational Risks — Enbridge faces significant operational risks, including service interruptions that can arise from accidents, equipment failure, or human error. (2) Environmental and Regulatory Risks — The company is exposed to evolving environmental regulations and climate-related legal challenges, which can increase costs and affect its reputation. (3) Financial and Market Risks — Enbridge's financial health is threatened by commodity price fluctuations, particularly in its Liquids Pipelines segment. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
04What is Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066's revenue and earnings forecast?
Analyst consensus estimates ENO will report consensus revenue of $12.8B (-3.7% year-over-year) and EPS of $3.78 (-1.9% year-over-year) for the upcoming fiscal year. The following year, analysts project $15.5B in revenue.
05When does Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) report its next earnings?
A confirmed upcoming earnings date for ENO is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
06How much free cash flow does Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 generate?
Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) had a free cash outflow of $1.1B in free cash flow over the trailing twelve months — a free cash flow margin of 8.0%. ENO returns capital to shareholders through and share repurchases ($0 TTM).