Report
Travis Miller
EUR 101.80 For Business Accounts Only

E.ON set to introduce capital allocation plan in early 2018.

We are reaffirming our EUR 11 fair value estimate and no-moat and stable moat trend ratings for E.ON after the company reported nine-month results in line with our expectations. 
E.ON remains on track to meet our full-year earnings forecast after posting EUR 3.5 billion in adjusted EBITDA and EUR 0.46 in earnings per share through the first nine months of 2017. Year-to-date adjusted EBITDA trails last year's adjusted EBITDA through three quarters, but we expected this. Management reaffirmed its ...
Underlying
E.ON SE

E.ON is an investor-owned energy company. The Generation global unit consists of all Co.'s existing (fossil and nuclear) generation assets in Europe. The Renewables unit is engaged in managing Co.'s carbonsourcing and renewables businesses. The Global Commodities unit buys and sells electricity, natural gas, liquefied natural gas, oil, coal, freight, biomass, and carbon allowances. The Exploration & Production unit is a active in the focus regions of the North Sea (U.K., Norway), Russia and North Africa. The New Build & Technology unit include Co.'s project-management and engineering operations to support the construction of new power plants and the operation of existing plants.

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
Travis Miller

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