Enel vs Redeia (ENEL.MI vs RED)

Enel (ENEL.MI) vs Redeia (RED) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.

Enel (ENEL.MI) and Redeia (RED) compete in utilities and renewables. Here are Enel and Redeia side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Enel or Redeia.

Enel vs Redeia: the figures

Enel and Redeia figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Enel or Redeia figure is not available, and we never estimate it.

3 key differences between Enel and Redeia

1. Profitability: for every 100 of sales, Redeia keeps 30.0 as net profit and Enel keeps 5.7.
2. Valuation: Enel trades at 23.0x its annual earnings and Redeia at 16.6x; the market pays more for each dollar of Enel profit, usually because it expects more growth.
3. Size: Enel is worth €96.2 billion on the stock market, about 11.4 times Redeia (€8.4 billion).

Enel or Redeia: which fits your profile

• If you want growth: Redeia is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
• If you want income (dividends): Enel pays the higher dividend relative to its price.
• If you prefer caution: Enel has less debt relative to its profit, which usually gives more room in a bad year.
• If price is what matters most to you: Redeia trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.

Neither Enel nor Redeia wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.

How Enel and Redeia make money

Enel (ENEL.MI)

Enel generates and sells electricity and gas. It reports business lines such as Enel Grids (regulated distribution networks), Enel Green Power and conventional generation, and End-user Markets, which supplies power and gas to homes and businesses. Its main countries are Italy, Spain through Endesa, and several in Latin America. Full Enel analysis.

Redeia (RED)

Redeia is the parent of Red Eléctrica, which owns Spain's high-voltage transmission grid and operates the power system, a regulated activity that makes up most of its business. It also owns transmission lines in Peru, Chile and Brazil, satellite operator Hispasat, and Reintel, which leases out fiber-optic capacity. Full Redeia analysis.

Frequently asked questions: Enel vs Redeia

Is Enel or Redeia the better stock?

Choosing between Enel and Redeia depends on what you are looking for. Redeia is growing faster right now, and Redeia trades on the lower P/E. Fintols does not tell you whether to buy Enel or Redeia: it shows you the differences so you can decide.

Which pays a higher dividend, Enel or Redeia?

As of November 4, 2026, Enel yields 5.58% and Redeia yields 5.23%. Also check how much of their profit Enel and Redeia pay out: if it is more than they earn, it cannot last.

Which is more expensive, Enel or Redeia?

On P/E, Enel (23.0x) is more expensive than Redeia (16.6x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.

Can I own both Enel and Redeia?

Yes. Many people spread their money across several companies, such as Enel and Redeia, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Enel or Redeia.

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• Enagás vs Redeia

More companies like Enel and Redeia: utilities and renewables stocks. Educational content about Enel and Redeia, not investment advice.