Centrica PLC

CNA: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 278.00	Fhxcn	Vznsycpc

Cash-Flush Centrica To Buy Back 5% of Its Shares and We Cannot Agree More

Tancrede Fulop

Nov 10, 2022

We plan to raise our GBX 130 fair value estimate by a high-single-digit rate after no-moat Centrica announced it will buy back 5% of its shares and sharply raised its 2022 guidance for the second time in a row. Shares are still materially undervalued after the high-single-digit jump at the time of writing.

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