Iberdrola SA
IBE: XMAD (ESP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| !> | LOCK|tr | LOCK|^zTg>Hl |
Iberdrola Earnings: 2024 Guidance Raised in Line With Our Estimates; Shares Expensive
We confirm our EUR 12.70 fair value estimate after no-moat Iberdrola released solid nine-month results and raised its 2024 net profit guidance for the third time in a row. We see the shares as overvalued after rising by 20% over the last three months.
