ENCE Energia y Celulosa (XMAD:ENC) ROE %: -15.03% (As of Mar. 2026)


XMAD:ENC ENCE Energia y Celulosa SA XMAD:ENC
63 GF Score
Price €2.29
GF Value €2.51
Valuation Fairly Valued
! 4 Warning Signs
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What is ENCE Energia y Celulosa ROE %?

ENCE Energia y Celulosa XMAD:ENC +0.44% 63 ROE % is -15.03% as of Mar. 2026. GuruFocus rates XMAD:ENC with a GF Score™ of 63/100 and a GF Value™ of €2.51 (Fairly Valued). The stock has 4 warning signs investors should review. Among 280 Forest Products companies, ENCE Energia y Celulosa ranks worse than 86.79% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. ENCE Energia y Celulosa's annualized net income for the quarter that ended in Mar. 2026 was €-70.4 Mil. ENCE Energia y Celulosa's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €468.3 Mil. Therefore, ENCE Energia y Celulosa's annualized ROE % for the quarter that ended in Mar. 2026 was -15.03%.

The historical rank and industry rank for ENCE Energia y Celulosa's ROE % or its related term are showing as below:

XMAD:ENC' s ROE % Range Over the Past 10 Years
Min: -31.06   Med: 3.67   Max: 40.75
Current: -14.8

During the past 13 years, ENCE Energia y Celulosa's highest ROE % was 40.75%. The lowest was -31.06%. And the median was 3.67%.

XMAD:ENC's ROE % is ranked worse than
86.79% of 280 companies
in the Forest Products industry
Industry Median: 2.07 vs XMAD:ENC: -14.80

ENCE Energia y Celulosa  (XMAD:ENC) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-70.4/468.2725
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-70.4 / 615.2)*(615.2 / 1641.485)*(1641.485 / 468.2725)
=Net Margin %*Asset Turnover*Equity Multiplier
=-11.44 %*0.3748*3.5054
=ROA %*Equity Multiplier
=-4.29 %*3.5054
=-15.03 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-70.4/468.2725
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-70.4 / -102.8) * (-102.8 / -139.6) * (-139.6 / 615.2) * (615.2 / 1641.485) * (1641.485 / 468.2725)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6848 * 0.7364 * -22.69 % * 0.3748 * 3.5054
=-15.03 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


ENCE Energia y Celulosa ROE % Related Terms


ENCE Energia y Celulosa ROE % Historical Data

* Premium members only.

The historical data trend for ENCE Energia y Celulosa's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ENCE Energia y Celulosa ROE % Chart

ENCE Energia y Celulosa Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -31.06 40.75 -4.00 5.96 -10.86

ENCE Energia y Celulosa Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.81 -6.95 -11.60 -26.22 -15.03

ENCE Energia y Celulosa ROE % Competitor Comparison

For the Paper & Paper Products subindustry, ENCE Energia y Celulosa's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ENCE Energia y Celulosa ROE % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, ENCE Energia y Celulosa's ROE % distribution charts can be found below:

* The bar in red indicates where ENCE Energia y Celulosa's ROE % falls into.


XMAD:ENC
63GF Score
ENCE Energia y Celulosa SA XMAD:ENC
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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ENCE Energia y Celulosa ROE % Calculation

ENCE Energia y Celulosa's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-54.457/( (525.569+477.245)/ 2 )
=-54.457/501.407
=-10.86 %

ENCE Energia y Celulosa's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-70.4/( (477.245+459.3)/ 2 )
=-70.4/468.2725
=-15.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -15.03% mean?
ENCE Energia y Celulosa (XMAD:ENC) has a ROE % of -15.03% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on ENCE Energia y Celulosa and its competitors. According to the industry distribution chart, ENCE Energia y Celulosa ranks #243 out of 280 companies in the Forest Products industry, placing it in the top 86.8%.
Is ENCE Energia y Celulosa's ROE % too high?
ENCE Energia y Celulosa's current ROE % is -15.03%. Based on the distribution chart, ENCE Energia y Celulosa ranks #243 out of 280 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, ENCE Energia y Celulosa has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ENCE Energia y Celulosa's ROE % compare to competitors?
According to the Forest Products industry distribution chart, ENCE Energia y Celulosa ranks #243 out of 280 companies for ROE %. This places ENCE Energia y Celulosa in the lower half of its industry. The industry median ROE % is 2.07. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Forest Products company?
The median ROE % among Forest Products companies is 2.07, based on 280 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on ENCE Energia y Celulosa and its competitors. For the Forest Products industry, the median ROE % is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENCE Energia y Celulosa's current ROE % is -15.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENCE Energia y Celulosa stock overvalued right now?
Based on GuruFocus' analysis, ENCE Energia y Celulosa (XMAD:ENC) is currently considered Fairly Valued. The stock's GF Value™ is €2.51, compared to a current price of €2.29 — trading 8.8% below its estimated fair value. The current ROE % is -15.03%. ENCE Energia y Celulosa's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For ENCE Energia y Celulosa (XMAD:ENC), the current ROE % is -15.03% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ENCE Energia y Celulosa (XMAD:ENC) Overvalued in 2026?

Based on GuruFocus' analysis, ENCE Energia y Celulosa stock appears to be undervalued. The current stock price of €2.29 is trading 8.8% below its estimated GF Value™ of €2.51. GuruFocus considers ENCE Energia y Celulosa to be Fairly Valued.

Key valuation signals for XMAD:ENC:

  • ROE %: -15.03%
  • GF Value™: €2.51 vs. price of €2.29 (8.8% below fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the XMAD:ENC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ENCE Energia y Celulosa Business Description

Other Exchanges 0K96:UKENCA:Germany
Address Estebanez Calderon 3-5, 2nd floor, Madrid, ESP, 28020
ENCE Energia y Celulosa SA produces and sells pulp. The company has two segments namely ENCE Pulp and ENCE Renewables. ENCE Pulp segment includes pulp production and sale activities. ENCE Renewables segment involves Biomass, Biomethane, and production of renewable industrial heat.
63GF Score

Get the complete analysis for XMAD:ENC

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.29
Price
€2.51
GF Value