Enel SpA
ENEL: XMIL (ITA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€3.60 | Bssf | Cdhzzdzc |
Enel Posts Weak Earnings in Q2 but Maintains 2022 Guidance; Shares Deeply Undervalued
We maintain our EUR 8 fair value estimate after no-moat Enel released weak second-quarter earnings but confirmed its 2022 guidance and dividend of EUR 0.4, implying a 8% yield. Its 2022 P/E is 8.7, and shares appear grossly undervalued.