ENLT Utilities

Enlight Renewable Energy Ltd

$64.75-2.62%

Price as of close on Nov 3, 2026 · Financials updated Nov 4, 2026

Basics

Sector: Utilities
Industry: Utilities - Renewable
Country: Israel
Market cap: 9.1B USD
Enterprise value: 15.2B USD
Full-time employees: 406

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.94 vs a peer median of 0.46), though less than the overall market, less short-term liquidity (current ratio 0.67 vs a peer median of 1.03) and more debt relative to equity (2.53× vs a peer median of 1.19×)higher risk: bigger price swings (beta 0.94 vs peers 0.46), less liquidity (current ratio 0.67 vs peers 1.03) and more debt vs equity (2.53× vs peers 1.19×)

Ranks #150 of 348 utilities companies (top 44%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Enlight Renewable Energy reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Paying shareholders without free cash flow. Paid out $69M over the 3 fiscal years to 2025 with -$2.7B of free cash flow.
Enlight Renewable Energy returned $69M in buybacks and dividends over three fiscal years while its free cash flow totalled -$2.7B. The money came from its cash pile or from borrowing.
Operating margin at a 6-year high. 68% in 2025, the best of the last 6 years.
Enlight Renewable Energy kept 68% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
Valuation signals disagree. Cheaper than 50% of peers on free cash flow, but only 6% on operating cash profit (EBITDA).Cheaper than 50% of peers on free cash flow, but only 6% on operating cash profit.
Relative to its free cash flow, Enlight Renewable Energy looks cheaper than 50% of peers; relative to its operating cash profit (EBITDA), cheaper than only 6%. The valuation score blends the two, so look at which measure fits this business best.Relative to its free cash flow, Enlight Renewable Energy looks cheaper than 50% of peers; relative to its operating cash profit, cheaper than only 6%. The valuation score blends the two, so look at which measure fits this business best.

StockQuotient Score

52/ 100▲ 1 since Oct 27 close

Oct 5 51 → Nov 4 52 (+1)

Valuation

Is the price right?

10/100

Weak▲ 2 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 8 → 10

Share price -11.7%+1
Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield1.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value30% base weight · Z-score -1.05Sector median: 0.0485 · MAD: 0.0319

EBITDA yield3.3%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -2.10Sector median: 0.0859 · MAD: 0.0250

Free cash flow yield-17.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score 0.00Sector median: 0.0000 · MAD: 0.0000

Other data (not scored)

Book yield19.2%

SEC filings (IFRS mapped) · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.6310 · MAD: 0.2684

Growth

Is it growing?

100/100

Strong

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 29.3%

Why

Stronger than most peers on:

▲ EPS growth
▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth168.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 6.68Sector median: 0.0172 · MAD: 0.1791

3-year revenue growth36.5%

SEC filings (IFRS mapped) · 3 years to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.36Sector median: 0.0196 · MAD: 0.0523

Revenue growth29.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.65Sector median: 0.0254 · MAD: 0.0681

Profitability

Does it earn well?

93/100

Strong▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

Operating margin rose 21.5 points to 68.0%

Why it changed since the Oct 27, 2026 close: Score 92 → 93

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Operating margin
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin68.0%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.32Sector median: 0.1864 · MAD: 0.0865

Return on assets1.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -0.91Sector median: 0.0266 · MAD: 0.0124

Return on invested capital22.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 5.08Sector median: 0.0524 · MAD: 0.0237

Other data (not scored)

Gross margin72.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.3581 · MAD: 0.1545

Return on equity7.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0807 · MAD: 0.0381

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.94

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.80Sector median: 0.4590 · MAD: 0.1730

Current ratio0.67×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -1.00Sector median: 1.0330 · MAD: 0.3620

Debt / equity2.53×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score -2.53Sector median: 1.1925 · MAD: 0.5265

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Enlight Renewable Energy

Is Enlight Renewable Energy getting weaker?: Its latest SEC filing (Mar 30, 2026) got stronger: operating margin rose 21.5 points to 68.0%. Its overall score is 52/100, up 1 since Oct 28, 2026.
How is Enlight Renewable Energy valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 10/100 against 360 utilities peers. EBITDA yield 3.3% vs a peer median of 8.6% (weaker than 94% of peers).EBITDA yield 3.3% vs peers 8.6% (weaker than 94% of peers).
Is Enlight Renewable Energy growing?: Yes, faster than most of its peers. Growth scores 100/100 against 360 utilities peers. Earnings per share growth 168.1% vs a peer median of 1.7% (stronger than 95% of peers).Earnings per share growth 168.1% vs peers 1.7% (stronger than 95% of peers).
How profitable is Enlight Renewable Energy?: More profitable than most of its peers. Profitability scores 93/100 against 360 utilities peers. Operating margin 68.0% vs a peer median of 18.6% (stronger than 95% of peers).Operating margin 68.0% vs peers 18.6% (stronger than 95% of peers). Return on assets 1.5% vs a peer median of 2.7% (weaker than 77% of peers).Return on assets 1.5% vs peers 2.7% (weaker than 77% of peers).
How risky is Enlight Renewable Energy?: Higher risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Beta 0.94 vs a peer median of 0.46 (weaker than 92% of peers).Beta 0.94 vs peers 0.46 (weaker than 92% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Mar 30, 2026 · compared with the year ended Dec 31, 2024

Got stronger

Operating margin rose 21.5 points to 68.0%

	Previous year	Latest year	Change
Revenue (12 months)	377.9M USD	488.6M USD	+29.3%
Net income (12 months)	44.2M USD	132.1M USD	+198.8%
Operating margin	46.4%	68.0%	+21.5 pts
Free cash flow (12 months)	−706.2M USD	−1.5B USD	+116.6%
Cash	387.4M USD	528.5M USD	+36.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	59.8%	57.8%	54.4%	—	—	—
Operating margin	33.6%	47.2%	61.8%	46.4%	68.0%	▲ 22 pts
Net margin	10.9%	12.9%	27.7%	11.7%	27.0%	▲ 15 pts
Return on assets (ROA)	0.4%	0.7%	1.5%	0.8%	1.5%	▲ 0.7 pts
Return on equity (ROE)	2.1%	3.1%	6.1%	3.7%	7.8%	▲ 4.1 pts
Free cash flow margin	-430.1%	-294.4%	-210.9%	-170.4%	-313.1%	▼ 143 pts
Current ratio	2.06×	1.10×	1.14×	1.20×	0.67×	▼ 44%
Debt to equity	0.23×	0.41×	0.56×	0.36×	1.05×	▲ 191%
Interest coverage	0.93×	1.45×	2.32×	1.63×	2.02×	▲ 24%

ENLT price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.94 vs a peer median of 0.46), though less than the overall market, less short-term liquidity (current ratio 0.67 vs a peer median of 1.03) and more debt relative to equity (2.53× vs a peer median of 1.19×)higher risk: bigger price swings (beta 0.94 vs peers 0.46), less liquidity (current ratio 0.67 vs peers 1.03) and more debt vs equity (2.53× vs peers 1.19×)

Ranks #150 of 348 utilities companies (top 44%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

Enlight Renewable Energy reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Paying shareholders without free cash flow. Paid out $69M over the 3 fiscal years to 2025 with -$2.7B of free cash flow.

Enlight Renewable Energy returned $69M in buybacks and dividends over three fiscal years while its free cash flow totalled -$2.7B. The money came from its cash pile or from borrowing.

Operating margin at a 6-year high. 68% in 2025, the best of the last 6 years.

Enlight Renewable Energy kept 68% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.

Valuation signals disagree. Cheaper than 50% of peers on free cash flow, but only 6% on operating cash profit (EBITDA).Cheaper than 50% of peers on free cash flow, but only 6% on operating cash profit.

Relative to its free cash flow, Enlight Renewable Energy looks cheaper than 50% of peers; relative to its operating cash profit (EBITDA), cheaper than only 6%. The valuation score blends the two, so look at which measure fits this business best.Relative to its free cash flow, Enlight Renewable Energy looks cheaper than 50% of peers; relative to its operating cash profit, cheaper than only 6%. The valuation score blends the two, so look at which measure fits this business best.

Questions investors ask about Enlight Renewable Energy

Is Enlight Renewable Energy getting weaker?

Its latest SEC filing (Mar 30, 2026) got stronger: operating margin rose 21.5 points to 68.0%. Its overall score is 52/100, up 1 since Oct 28, 2026.

How is Enlight Renewable Energy valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 10/100 against 360 utilities peers. EBITDA yield 3.3% vs a peer median of 8.6% (weaker than 94% of peers).EBITDA yield 3.3% vs peers 8.6% (weaker than 94% of peers).

Is Enlight Renewable Energy growing?

Yes, faster than most of its peers. Growth scores 100/100 against 360 utilities peers. Earnings per share growth 168.1% vs a peer median of 1.7% (stronger than 95% of peers).Earnings per share growth 168.1% vs peers 1.7% (stronger than 95% of peers).

How profitable is Enlight Renewable Energy?

More profitable than most of its peers. Profitability scores 93/100 against 360 utilities peers. Operating margin 68.0% vs a peer median of 18.6% (stronger than 95% of peers).Operating margin 68.0% vs peers 18.6% (stronger than 95% of peers). Return on assets 1.5% vs a peer median of 2.7% (weaker than 77% of peers).Return on assets 1.5% vs peers 2.7% (weaker than 77% of peers).

How risky is Enlight Renewable Energy?

Higher risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Beta 0.94 vs a peer median of 0.46 (weaker than 92% of peers).Beta 0.94 vs peers 0.46 (weaker than 92% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

377.9M USD

488.6M USD

+29.3%

Net income (12 months)

44.2M USD

132.1M USD

+198.8%

Operating margin

46.4%

68.0%

+21.5 pts

Free cash flow (12 months)

−706.2M USD

−1.5B USD

+116.6%

Cash

387.4M USD

528.5M USD

+36.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

59.8%

57.8%

54.4%

—

Operating margin

33.6%

47.2%

61.8%

46.4%

68.0%

▲ 22 pts

Net margin

10.9%

12.9%

27.7%

11.7%

27.0%

▲ 15 pts

Return on assets (ROA)

0.4%

0.7%

1.5%

0.8%

1.5%

▲ 0.7 pts

Return on equity (ROE)

2.1%

3.1%

6.1%

3.7%

7.8%

▲ 4.1 pts

Free cash flow margin

-430.1%

-294.4%

-210.9%

-170.4%

-313.1%

▼ 143 pts

Current ratio

2.06×

1.10×

1.14×

1.20×

0.67×

▼ 44%

Debt to equity

0.23×

0.41×

0.56×

0.36×

1.05×

▲ 191%

Interest coverage

0.93×

1.45×

2.32×

1.63×

2.02×

▲ 24%