Sabadell - Endesa S.A. (ELE) ENDESA: HORA DE INVERTIR Y… CRECER (ANÁLISIS BANCO SABADELL)

Report

Sabadell

Virginia Romero

EUR 467.76 For Business Accounts Only

ENDESA: HORA DE INVERTIR Y… CRECER (ANÁLISIS BANCO SABADELL)

Hora de invertir... y de crecer. Elevamos P.O. SOBREPONDERAR
Hemos revisado al alza estimaciones de EBITDA’25e (+6% vs anterior) y hasta 2027e (+8% promedio anual) que implicará crecer a TACC 24-27e de +2,0% BS(e) (como consenso y vs +3,7% guidance) por fortaleza en Generación y CX y Redes (más capex y actualización por inflación). A pesar del esfuerzo inversor, el apalancamiento es bajo (1,9x DFN/EBITDA) lo que permite una retribución atractiva (yield media 6/6,5% o BS(e) 1,4-1,44 de DPA vs 1,50 euros guidance’27). Revisamos al alza P.O. hasta 26,11 euros/acc. (+14% vs anterior; potencial +11%). Además, valoramos la opcionalidad de un marco de redes mejor del planteado donde invertir 3.000/4.000 M euros a TRF de 7,5% situaría el P.O. c. 29,00 euro/acc (+11%; potencial +23%).

26/03/2025 1 ES

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.

See profile

ES0130670112 Madrid Stock Exchange Spain

Provider

Sabadell

See profile

Analysts

Virginia Romero

Other Reports on these Companies

Sabadell

IBERIAN DAILY 27 MARCH (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ENDESA, OHLA, REPSOL, SANTANDER. IBEX unable to break through 13,500 points It was a cautious session with profit taking in Europe, where the geopolitical (Middle East and Ukraine) and tariff situation (they would go into force next week) curbed the advances. In the STOXX 600, most sectors (13 of 20) closed with losses, led by Autos and Technology vs. Energy and Utilities, which were the biggest winners. On the macro side, in the UK both general (2.8% YoY) and core inflation (3.5%) for February slowed more than expected. In Spain, the final 4Q’24 GDP was lowered -0.1% to 3.4% Y...

EUR 100.00

March 27, 2025 March 27, 2025 1 EN

Sabadell

INFORME DIARIO 27 MARZO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ENDESA, OHLA, REPSOL, SANTANDER. EUROPA: SECTOR AUTOS. El Ibex no consigue perforar los 13.500 Jornada de cautela con recogida de beneficios en Europa, donde la situación geopolítica (Oriente Medio y Ucrania) y los aranceles (entrarían en vigor la semana que viene penalizaron los avances). En el STOXX 600, la mayoría de los sectores (13 de 20) cerraron con pérdidas, liderados por Autos y Tecnología frente a Energía y Utilities que presentaron las mayores ganancias. Por el lado macro, en R. Unido tanto la inflación general de febrero (2,8% a/a) co...

EUR 100.00

March 27, 2025 March 27, 2025 1 ES

ASML HOLDING NV: MENSAJES DE LA CONFERENCE CALL RDOS. 1T’25 (ANÁLISIS BANCO SABADELL)

De la conference call de Rdos. 1T’25 destacamos:

EUR 50.00

April 16, 2025 April 16, 2025 1 ES

Alvaro del Pozo

Alvaro del Pozo

ASML HOLDING NV: RDOS. 1T’25 Y CAMBIO DE P.O. A LA BAJA (ANÁLISIS BANCO SABADELL)

Rdos. 1T'25 vs 1T'24: Ventas: 7.742 M euros (+46,4% vs +49,2% BS(e) y +46,7% consenso); EBIT: 2.738 M euros (+96,8% vs +95,1% BS(e) y +90,8% consenso); BDI: 2.355 M euros (+92,4% vs +90,1% BS(e) y +83,0% consenso).

EUR 100.00

April 16, 2025 April 16, 2025 1 ES

Research Department

Research Department

IBERIAN DAILY 16 APRIL + 1Q’25 RESULTS. PREVIEWS (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: N/A. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 1Q’25 results to be released over the coming days in Spain. Stock markets resume rally in light of new concessions from Trump Trump’s announcement of temporary exemptions from tariffs on some electronic components and the possibility of a temporary suspension of tariffs on the auto sector allowed the rally to continue on stock markets (despite also confirming that he still aims to place tariffs on chips and ph...

EUR 100.00

April 16, 2025 April 16, 2025 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

ENDESA: HORA DE INVERTIR Y… CRECER (ANÁLISIS BANCO SABADELL)

IBERIAN DAILY 27 MARCH (ANÁLISIS BANCO SABADELL)

INFORME DIARIO 27 MARZO (ANÁLISIS BANCO SABADELL)

ASML HOLDING NV: MENSAJES DE LA CONFERENCE CALL RDOS. 1T’25 (ANÁLISIS BANCO SABADELL)

ASML HOLDING NV: RDOS. 1T’25 Y CAMBIO DE P.O. A LA BAJA (ANÁLISIS BANCO SABADELL)

IBERIAN DAILY 16 APRIL + 1Q’25 RESULTS. PREVIEWS (ANÁLISIS BANCO SABADELL)

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe