Contact Energy has a high-quality portfolio of generation assets.
We retain our NZD 6.20 fair value estimate for narrow-moat-rated Contact Energy following the release of first-half fiscal 2018 results. EBITDA of NZD 236 million was down 11% from first half of fiscal 2017, with underlying profit falling 28% to NZD 59 million. January operating statistics, also released today, were no more encouraging, suggesting EBITDA for the seven months to January 2018 is tracking more than 10% behind 2017. We temper expectations for a second-half recovery in hydro inflows,...Contact Energy sell electricity, gas and liquefied petroleum gas (LPG) products and services to residential, small business, commercial and industrial customers. Co. has two operating segments: Integrated Energy, which is a generator of electricity and a purchaser and retailer of electricity and natural gas to customers throughout New Zealand; as well as Other, which consists of other products and services provided by Co., which includes the sale of LPG.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.