Endesa SA

ELE: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Endesa Earnings: Boosted by a Low Comparison Basis; 2024 Guidance Confirmed

Tancrede Fulop

Oct 30, 2024

We confirm our EUR 20 fair value estimate after no-moat Endesa released solid nine-month results and confirmed its 2024 guidance. Shares appear fairly valued.

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Endesa SA

Endesa Earnings: Boosted by a Low Comparison Basis; 2024 Guidance Confirmed

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