Enel SpA

ENEL: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€6.30	Zkwb	Ghtgfqmb

Enel: Selling Midstream and Downstream Peruvian Assets at Attractive Price; Shares Undervalued

Tancrede Fulop

Apr 11, 2023

We confirm our EUR 7.20 fair value estimate for no-moat Enel after the group agreed on April 7 to sell its distribution, supply, and energy services businesses in Peru to China Southern Power Grid at an attractive price. The shares still appear undervalued after their rally since last October.

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