Endesa SA
ELE: XMAD (ESP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€99.00 | Jhh | Ylytggqh |
Endesa Earnings: Sharply Improving Performance; 2024 Guidance Confirmed
We confirm our EUR 20 fair value estimate after no-moat Endesa released a strong earnings rebound in the second quarter and confirmed its 2024 guidance. The 2024 dividend yield of 6.7% reflects the undervaluation of the shares.