Verbund AG Class A
VER: XWBO (AUT)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€13.00 | Tth | Jzbhvylp |
Verbund Earnings: Good Hydro Conditions Continue to Mitigate Lower Power Prices
We confirm our EUR 62 fair value estimate based on midcycle power price assumptions of EUR 60/megawatt-hour after wide-moat Verbund released first-half results hit by lower achieved power prices and narrowed its 2024 guidance. Shares appear overvalued.