Endesa SA

ELE: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€42.00	Ncv	Rjfqrnr

Stabilization of Political Risk in Spain Is Positive for Endesa

Tancrede Fulop

May 26, 2023

Business Strategy and Outlook

Endesa is an integrated utility operating in power production, distribution, and supply in the Iberian Peninsula.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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