Enel : 2025 strategic target of restoring financial flexibility
>Outperform rating and € 9.60 target price maintained - Following the release of the new 2022-2025 strategic plan, we are maintaining our Outperform rating and our target price of € 9.60, which is still based on the average between a DCF (€ 9.05, WACC of 5.64% and perpetual growth rate unchanged at 1.2%) and NAV (€ 10.20). This new strategic plan out to 2025 does not significantly alter our EBITDA estimates and does not affect our earnings expectations. This revision...Enel Societa Per Azioni is engaged in the generation and sale of electricity through its Generation, Energy Management and Sales Italy Division. Co. is also engaged in the distribution of electricity (Enel Distribuzione) and public and artistic lighting (Enel Sole) in Italy through its Infrastructure and Networks Division. Co.'s Iberia and Latin America Division coordinates Co.'s operations in the electricity and gas markets in Spain, Portugal and Latin America. Co.'s Engineering and Research Division manages the engineering processes related to the development and construction of power plants. Co.'s other divisions are the International Division as well as the Renewable Energy Division.
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.
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