Enel Chile SA ADR (ENIC) is undervalued and Ormat Technologies Inc (ORA) is overvalued.
Against our estimates of intrinsic value, ENIC trades at the wider discount: a margin of safety of +36%, against -374% for ORA.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $6.96; the price of $4.42 is 36% below that value, and 79% of that value comes from beyond year five.
Leak Score 54/100 on 3 of 12 signals
Discounting its cash flows at 8.0% (average of 3 methods) values the shares at $20.51; the price of $97.28 is 374% above that value, and 79% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
| Metric | ENIC | ORA |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $4.42 | $97.28 |
| Intrinsic value | $6.96 | $20.51 |
| Margin of safety | +36% | -374% |
| Leak Score | 54/100 (3/12) | 0/100 (3/12) |
| Market cap | $6.1B | $6.0B |
| Revenue growth, 5 years | 6.9% | 7.0% |
| Operating margin | 19.3% | 19.4% |
| Net margin | 13.0% | 10.7% |
| Return on equity | 10.9% | 5.0% |
| Debt to equity | 0.72 | 1.31 |
| P/E | 10.8x | 47.7x |
| Forward P/E | 10.6x | 39.9x |
| P/B | 1.1x | 2.3x |
| Dividend yield | 2.4% | 0.5% |