Report
Andrew Bischof
EUR 100.00 For Business Accounts Only

Reducing Enel Chile's FVE on Foreign Exchange Volatility; Reports Higher 3Q Earnings

We are lowering our fair value estimate to $22 per share from $24 after incorporating depreciation of the Chilean peso from CLP 640 per USD 1 to CLP 695 per USD 1. We are reaffirming our narrow economic moat and stable moat trend ratings after Enel Generacion Chile reported results for the first nine months of 2018.
Enel reported EBITDA $900 million, up 12% from the same year-ago period. The increase in EBITDA is mostly attributable to the addition of 1.2 GW of renewable generation through its a...
Underlying
Empresa Nacional de Electricidad S.A. ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Bischof

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch