Endesa Raises Fiscal Year EBITDA Guidance on Strong Generation Margins; Shares Fairly Valued
We are maintaining our fair value estimate of EUR 18.30 and our no-moat and stable moat trend ratings after Endesa published nine-month results slightly above consensus expectations and raised its full-year EBITDA guidance, in line with our and consensus expectations. Shares look fairly valued. We prefer undervalued parent company Enel, whose organic growth potential is higher, owing to a large international footprint.Nine-month adjusted EBITDA increased by 16% to EUR 2.8 billion. Growth accele...
Endesa is engaged in the production, transmission, distribution, and supply of electricity, through hydroelectric, fossil fuel, and nuclear generation. Co. is also engaged in the mining of coal for use in its fossil-fuel electric plants; mining research; land restoration, and environmental monitoring and control.
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.