Enel SpA (ENEL.MI) WACC Analysis

As of April 28, 2026, Enel SpA (ENEL.MI) carries a Weighted Average Cost of Capital (WACC) of 8.9%. WACC reflects the blended rate Enel SpA must pay to both equity and debt holders.

Within that, the cost of equity is 9.9%, the cost of debt is 7.1%, and the effective tax rate is 32.1%.

Breakdown of WACC Components

• Long-term bond rate: 3.7% – 4.2%
• Equity market risk premium: 8.3% – 9.3%
• Adjusted beta: 0.75 – 0.89
• Additional risk adjustment: 0.0% – 0.5%
• Debt-to-equity ratio: 0.71

What It Means for Investors

With a selected WACC of 8.9%, Enel SpA must ensure any new investment returns exceed this threshold to generate shareholder value. This level reflects a moderate financing cost structure.