E.ON SE

EOAN: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€38.00	Zxjhd	Cbtwdrpl

E.On Earnings: 2023 Guidance Conservatively Maintained After Strong Results; Shares Fairly Valued

Tancrede Fulop

Nov 8, 2023

We confirm our EUR 11.40 fair value estimate after no-moat E.On released solid 9-month results and maintained its 2023 guidance, which looks too conservative to us. Shares appear fairly valued.

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