ENCE Energía y Celulosa S.A./€ENC
1D1W1MYTD1Y5YMAX
Capital at risk
About ENCE Energía y Celulosa S.A.
Ence Energía y Celulosa, S.A., founded in 1957 and headquartered in Madrid, Spain, specializes in the production of eucalyptus hardwood pulp and renewable energy. The company operates pulp mills in Pontevedra and Navia, manufacturing bleached eucalyptus kraft pulp, and manages over 66,000 hectares of timberland in Spain. Through its subsidiary, Magnon Green Energy, Ence generates renewable energy from forestry and agricultural biomass, with power plants located in Huelva, Mérida, Ciudad Real, Jaén, and Lucena. In recent years, Ence has diversified into producing specialty pulps, such as fluff pulp for hygiene products, and has expanded into biogas and biofertilizer production. The company's strategic focus on sustainability and the circular economy underpins its operations and growth initiatives. (,,)
- Ticker
- €ENC
- Sector
- Materials
- Primary listing
- BME
- Employees
- 1,311
- Headquarters
- Madrid, Spain
- Website
- ence.es
ENC Metrics
BasicAdvanced
€590M
-
-€0.27
0.24
-
Price and volume
Market cap
€590M
Beta
0.24
52-week high
€2.64
52-week low
€2.28
Average daily volume
174K
Financial strength
Current ratio
0.943
Quick ratio
0.566
Long term debt to equity
1.05
Total debt to equity
1.306
Interest coverage (TTM)
-1.22%
Profitability
EBITDA (TTM)
24.749
Gross margin (TTM)
40.21%
Net profit margin (TTM)
-8.83%
Operating margin (TTM)
-6.63%
Effective tax rate (TTM)
22.94%
Revenue per employee (TTM)
€560,000
Management effectiveness
Return on assets (TTM)
-1.80%
Return on equity (TTM)
-12.79%
Valuation
Price to revenue (TTM)
0.804
Price to book
1.29
Price to tangible book (TTM)
1.46
Price to free cash flow (TTM)
-4.939
Free cash flow yield (TTM)
-20.25%
Free cash flow per share (TTM)
-0.492
Growth
Revenue change (TTM)
-10.82%
Earnings per share change (TTM)
2,498.53%
3-year revenue growth (CAGR)
-7.22%
10-year revenue growth (CAGR)
1.36%
3-year earnings per share growth (CAGR)
-30.08%
10-year earnings per share growth (CAGR)
5.77%
Bulls say / Bears say
ENCE returned to profitability in Q2 2026 with a net profit of €0.5 million, driven by a recovery in benchmark pulp prices and cost reductions from its Efficiency and Competitiveness Plan. (Cincodías)
The company secured forward sales agreements for 1 million tonnes of pulp for 2026 at historically high prices, effectively covering production capacity and enhancing revenue visibility. (Cincodías)
ENCE hedged nearly 50 % of its expected 2025 pulp sales at an average cap of $1.09 USD/EUR, mitigating currency risk and stabilizing cash flow from its core pulp business. (Reuters via TradingView News)
ENCE registered a €54.5 million net loss in 2025, driven by historically weak eucalyptus pulp prices and provisions for collective redundancies under its Efficiency and Competitiveness Plan, highlighting its vulnerability to pulp market fluctuations. (Cincodías)
In the first quarter of 2026, ENCE posted a net loss of €17.6 million, as strikes at its Navia biofactory and severe storms disrupted pulp production and biomass power generation, underscoring operational risks. (Europa Press)
At the end of Q1 2026, ENCE’s consolidated net debt totaled €462 million, while total debt reached €611.6 million, weighing on its balance sheet and constraining financial flexibility. (MarketScreener, TradingEconomics)
Data summarised monthly by Lightyear AI. Last updated on 22 Aug 2026.
Upcoming events
No upcoming events
Funds containing ENC
AllEURGBPUSD
Fund name | Fund size | €ENC weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.02% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.02% |
SPDR MSCI All Country World IM€SPYI | €7.5B | 0.00% |
iShares MSCI World Small Cap$WSML | $9B | 0.00% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.