Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Endesa : Return to initial trajectory of 2021-2023 strategic plan

>Outperform rating maintained but target price adjusted to € 22.0 vs € 21.6 - Endesa’s 9M 2021 performances beat our expectations, and those of the consensus, driven mainly by generation activities which benefited from offsetting between difficult market conditions and the booking of positive factors. We maintain our Outperform rating but have adjusted our target price to € 22.0 vs € 21.6. Based on the average between a DCF model (€ 21.6 with a WACC of 3.3%, perpetu...
Underlying
Endesa S.A.

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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