Financial Analysis: Enlight Renewable Energy (ENLT) & Its Peers

Enlight Renewable Energy (NASDAQ:ENLT) is one of 87 public companies in the “Electric services” industry, but how does it weigh in compared to its competitors? We will compare Enlight Renewable Energy to related companies based on the strength of its profitability, valuation, analyst recommendations, risk, dividends, earnings and institutional ownership.

Valuation & Earnings

This table compares Enlight Renewable Energy and its competitors gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Enlight Renewable Energy	$255.70 million	$70.92 million	29.68
Enlight Renewable Energy Competitors	$10.49 billion	$562.51 million	9.41

Enlight Renewable Energy’s competitors have higher revenue and earnings than Enlight Renewable Energy. Enlight Renewable Energy is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a breakdown of current recommendations and price targets for Enlight Renewable Energy and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Enlight Renewable Energy	0	1	2	0	2.67
Enlight Renewable Energy Competitors	923	4285	4142	77	2.36

Enlight Renewable Energy presently has a consensus price target of $19.00, indicating a potential upside of 12.29%. As a group, “Electric services” companies have a potential upside of 26.59%. Given Enlight Renewable Energy’s competitors higher possible upside, analysts plainly believe Enlight Renewable Energy has less favorable growth aspects than its competitors.

Institutional and Insider Ownership

38.9% of Enlight Renewable Energy shares are held by institutional investors. Comparatively, 58.3% of shares of all “Electric services” companies are held by institutional investors. 5.6% of shares of all “Electric services” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Profitability

This table compares Enlight Renewable Energy and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Enlight Renewable Energy	27.74%	5.09%	1.74%
Enlight Renewable Energy Competitors	-15.76%	6.23%	0.53%

Summary

Enlight Renewable Energy competitors beat Enlight Renewable Energy on 7 of the 12 factors compared.

Enlight Renewable Energy Company Profile

Enlight 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.