Endesa S.A.

Endesa is engaged in the production, transmission, distribution, and supply of electricity, through hydroelectric, fossil fuel, and nuclear generation. Co. is also engaged in the mining of coal for use in its fossil-fuel electric plants; mining research; land restoration, and environmental monitoring and control.
  • TickerELE
  • ISINES0130670112
  • ExchangeMadrid Stock Exchange
  • SectorElectricity
  • CountrySpain

Analysts

Research Department

IBERIAN DAILY 24 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ENDESA, FERROVIAL, PRISA, TELEFÓNICA. MARKETS YESTERDAY AND TODAY European markets hit new one-year highs in a session with little trading volume Stock markets rallied further yesterday, boosted by the announcement that China will cut the tariffs applied on a wide range of imports. However, the daily trading volume was low, as usual over this period. Within the Euro STOXX, Energy and Pharma led gains, whereas Banks saw the biggest drops. On the macro side, in the US, November’s durable goods orders fell unexpectedly. On the other hand, the Chicago Fed national index beat expect...

Research Department

INFORME DIARIO 24 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ENDESA, FERROVIAL PRISA, TELEFÓNICA. EUROPA: AIRBUS, BMW. Nuevos máximos anuales en Europa pero con escaso volumen Nueva subida en las bolsas animadas por el anuncio por parte de China de rebajar los aranceles a un amplio abanico de productos de importación. En todo caso el volumen fue muy bajo y acorde con estas fechas. En el Euro STOXX Energía y Farma lideraron las subidas mientras que Bancos fue el sector con las caídas más abultadas. Por el lado macro, en EE.UU. los pedidos de bienes duraderos de noviembre cayeron en contra de lo esperado,...

MarketLine Department

Energias de Portugal S.A - Strategy, SWOT and Corporate Finance Report

Summary Energias de Portugal S.A - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Energias de Portugal S.A (EDP or 'the company') carries out generation, distribution, and supply of electricity. The company is also involved in distribution and supply of gas, electricity and energy. EDP generates power through nuclear, hydro, coal, wind, biomass, solar based sourc...

With a more favourable environment, ENDESA SA improves to Positive

ENDESA SA (ES), a company active in the Conventional Electricity industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date December 17, 2019, the closing price was EUR 24.55 and its potential was estimated at EUR 25.98.

MarketLine Department

Statkraft AS - Strategy, SWOT and Corporate Finance Report

Summary Statkraft AS - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Statkraft AS (Statkraft or 'the company'), wholly-owned by the Norwegian state, is a renewable energy company that develops and produces hydropower, wind power, gas power, and district heating. The company offers services to various regions including Norway, Sweden, the UK, Germany and other co...

Research Department

IBERIAN DAILY 24 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ENDESA, FERROVIAL, PRISA, TELEFÓNICA. MARKETS YESTERDAY AND TODAY European markets hit new one-year highs in a session with little trading volume Stock markets rallied further yesterday, boosted by the announcement that China will cut the tariffs applied on a wide range of imports. However, the daily trading volume was low, as usual over this period. Within the Euro STOXX, Energy and Pharma led gains, whereas Banks saw the biggest drops. On the macro side, in the US, November’s durable goods orders fell unexpectedly. On the other hand, the Chicago Fed national index beat expect...

Research Department

INFORME DIARIO 24 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ENDESA, FERROVIAL PRISA, TELEFÓNICA. EUROPA: AIRBUS, BMW. Nuevos máximos anuales en Europa pero con escaso volumen Nueva subida en las bolsas animadas por el anuncio por parte de China de rebajar los aranceles a un amplio abanico de productos de importación. En todo caso el volumen fue muy bajo y acorde con estas fechas. En el Euro STOXX Energía y Farma lideraron las subidas mientras que Bancos fue el sector con las caídas más abultadas. Por el lado macro, en EE.UU. los pedidos de bienes duraderos de noviembre cayeron en contra de lo esperado,...

Javier Esteban

ENDESA: STRATEGIC PLAN THROUGH 2022 (ANÁLISIS BANCO SABADELL)

Strategic Plan through 2022: a bet on renewables. We maintain SELL. ELE presented a plan that is highly focused on renewable assets (~52% of total investment), which allows the company to raise its EBITDA guidance for 2020 and 2021 by +3% and +2%, respectively, and to set a new target of € 4.3 Bn of EBITDA for 2022. Our estimates (which we raise by +1% on average) are below the company’s (-9% on average over the period and -8% in 2022), as is the case with the consensus (-11% on average and -13% in 2022). The company’s dividend policy will remain unchanged until 2021 (with a payout of 100% thr...

Javier Esteban

ENDESA: PLAN ESTRATÉGICO A 2022 (ANÁLISIS BANCO SABADELL)

Plan estratégico a 2022: apuesta por renovables. Mantenemos VENDER ELE presentó un plan muy centrado en renovables (representa el 52% de la inversión hasta 2022) que le permite revisar el EBITDA 2020-21 +3% y +2% frente a los objetivos anteriores mientras aporta objetivo’22 de 4.300 M euros. Nuestras estimaciones (que revisamos ligeramente +1% en media) quedan por debajo (-9% de media en el periodo y -8% en 2022) y también las del consenso (-11% de media y -13% en 2022). La política de dividendo no cambia hasta 2021 (pay out del 100% hasta 2020 y del 80% en 2021) pero rebaja del pay out del 8...

Research Department

IBERIAN DAILY 28 NOVEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: COLONIAL, ENDESA, EUSKALTEL, FCC, SIEMENS GAMESA, TALGO, TELEFÓNICA. MARKETS YESTERDAY AND TODAY A mixed bag in Europe European markets rose with the solid US macro data. In the Euro Stoxx, the best-performing sectors were Telecoms and Personal Household Goods, compared to cyclical sectors more linked to raw materials like Basic Materials and Energy, which closed with losses. On the macro side, in the US the second reading of the 3Q’19 GDP was a positive surprise (2.1% QoQ vs. 1.9% previously) due to the larger contribution from private consumption and inventories. Preliminar...

With a more favourable environment, ENDESA SA improves to Positive

ENDESA SA (ES), a company active in the Conventional Electricity industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date December 17, 2019, the closing price was EUR 24.55 and its potential was estimated at EUR 25.98.

MarketLine Department

Energias de Portugal S.A - Strategy, SWOT and Corporate Finance Report

Summary Energias de Portugal S.A - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Energias de Portugal S.A (EDP or 'the company') carries out generation, distribution, and supply of electricity. The company is also involved in distribution and supply of gas, electricity and energy. EDP generates power through nuclear, hydro, coal, wind, biomass, solar based sourc...

MarketLine Department

Statkraft AS - Strategy, SWOT and Corporate Finance Report

Summary Statkraft AS - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Statkraft AS (Statkraft or 'the company'), wholly-owned by the Norwegian state, is a renewable energy company that develops and produces hydropower, wind power, gas power, and district heating. The company offers services to various regions including Norway, Sweden, the UK, Germany and other co...

MarketLine Department

Red Electrica Corporacion, S.A. - Strategy, SWOT and Corporate Finance Report

Summary Red Electrica Corporacion, S.A. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Red Electrica Corporacion, S.A. (Red Electrica or “the company”) is the sole transmission agent and operator of the Spanish electricity system. The company is involved in the transmission of high voltage electricity and it builds, maintains and operates the facilities of the t...

Javier Esteban

ELECTRICITY AND GAS SECTOR REPORT: LITTLE ROOM FOR OPTIMISM (ANÁLISIS BANCO SABADELL)

ELECTRICITY AND GAS SECTOR REPORT: LITTLE ROOM FOR OPTIMISM (ANÁLISIS BANCO SABADELL)

Javier Esteban

INFORME SECTORIAL ELECTRICIDAD Y GAS: POCO ESPACIO PARA EL OPTIMISMO (ANÁLISIS BANCO SABADELL).

INFORME SECTORIAL ELECTRICIDAD Y GAS: POCO ESPACIO PARA EL OPTIMISMO (ANÁLISIS BANCO SABADELL).

Expert Corporate Governance Service (ECGS)

Endesa, April 12, 2019

In item 7, the Board proposes to appoint Mr. Juan Sánchez-Calero Guilarte as non-executive Chairman of the Board of Directors. We welcome the separation of the roles of management and control, and Mr.  Sánchez-Calero Guilarte is independent as per our guidelines. Also taking into account his professional background and aggregate time commitments, we recommend approval. In item 8, we recommend that shareholders oppose the re-appointment of Ms. Helena Revoredo Delvecchio. Even though the Company considers her independent, she is not according to ECGS guidelines, since she is also controlling sh...

Endesa – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Analyse court terme - ENDESA : Stochastiques en zone de surachat.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. Les Stochastiques sont en zone de surachat. Les cours pourraient se replier jusqu'à 17,032 €.

Jérôme VINERIER

Short term view - ENDESA : Overbought stochastics

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. Stochastics are at the overbought level. prices could fall again to €17.032.

Jérôme VINERIER

Analyse court terme - ENDESA : Les cours se sont repris.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. Les Stochastiques sont en zone de surachat. Les cours pourraient se replier jusqu'à 17,032 €.

Jérôme VINERIER

Short term view - ENDESA : Prices recovered.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. Stochastics are at the overbought level. prices could fall again to €17.032.

Jérôme VINERIER

Analyse moyen terme - ENDESA : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 15,766 €.

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