Report
Charles Fishman
EUR 98.48 For Business Accounts Only

Centrica continues customer-led strategy.

We are reaffirming our narrow moat and stable moat trend ratings, along with our GBX 250 per share fair value estimate, after Centrica reported solid 2016 full-year earnings and reaffirmed its three-year 3%-5% annual growth forecast for operating cash flow.   
The company reported 2016 adjusted full-year earnings of GBP 0.168 per share, versus GBP 0.172 in 2015 and our estimate of GBP 0.15 per share. The group's operating profit increased by 4% to GBP 1.5 billion, above our expectations, in larg...
Underlying
Centrica plc

Centrica is an energy and services company. Co.'s segment are: Energy Supply and Services, which supplies gas and electricity in the U.K. and North America; Connected Home, which supplies energy solutions and technologies to residential customers; Distributed Energy and Power, which supplies energy solutions, generation and technologies to commercial and industrial customers; Energy Marketing and Trading, which trades and optimizes energy; Exploration and Production, which produces and processes gas and oil and develops new fields; Central Power Generation, which generates power from combined cycle gas turbines, wind and nuclear assets; and Centrica Storage, gas storage in the U.K.

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
Charles Fishman

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch