reports
- Diego Burzaco
Transener: The cheapest play in the energy sector, if you rule out exp...
Quarterly adjusted EBITDA stood at $ 2,062.2 million, 20.5% lower than in 2Q19, in line with our estimate of $ 2,050 million. This represented a margin drop of 520 basis points YoY. However, compared to 1Q20, there was a 350 bps improvement. The negative result was mainly due to the lack of tariffs adjustment. The revision of the full contract has been delayed to December 2020. Despite the strong price uncertainty scenario and thus investment outlook, the company´s failure rate, that determin.....
- Diego Burzaco
Transener: Covid-19, sharp recession and no tariff hike for 2020 – d...
We have seen the first negative impacts of the frozen tariffs and economic recession in the figures disclosed by Transener (TRAN) in 1Q20. Net revenue reached $ 3,496.7 million (vs. expected $ 3.75 billion), which implied an 11.4% drop compared to 1Q19. Quarterly EBITDA was 25.4% lower than in 1Q19, reaching $ 1,879.1 million. The number was 15% below our estimate of $ 2,210 million. EBITDA margin deteriorated to 53.7% from 63.8% registered in 1Q19. Financial income was lower due to a sharp d...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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