Endesa SA
ELE: XMAD (ESP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€12.00 | Mbyxq | Shtcdfdts |
Endesa Earnings: Falling From a Very High Comparison Basis; 2024 Guidance Confirmed
We confirm our EUR 20 fair value estimate after no-moat Endesa released first-quarter results in line with FactSet consensus at the EBITDA level and confirmed its 2024 guidance. The current dividend yield of 5.7% reflects the undervaluation of the shares.