EDF Reward-Risk Profile is Deteriorating
EDF disclosed 2017 results above our expectations. EBITDA decreased by 15% organically to EUR 13.7 billion versus our EUR 13.6 billion forecast, while recurring net income sank by 31% to EUR 2.8 billion, well above our expectations due to a lower tax rate and lower provision discount expenses. The 2017 dividend is set at EUR 0.46 per share, well above our EUR 0.36 projection. EDF is the best-positioned utility in Europe to benefit from a rising carbon allowance price. We reiterate our fair value...
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.