Centrica PLC
CNA: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 365.00 | Nrqt | Wdbgmlwjs |
Centrica Posts Stellar Profits in 2022; Announces Yet Another Share Buyback; Shares Cheap
We don't plan to materially change our GBX 140 fair value estimate after no-moat Centrica released its highest annual earnings since 2013 and announced a new GBP 300 million share buyback. This reflects good stewardship given the current material undervaluation of shares. Also, share buybacks suit Centrica's high-earnings volatility. The full-year dividend will amount to GBX 3.