Endesa SA
ELE: XMAD (ESP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.@ | LOCK|^& | LOCK|qyc#gKF |
Endesa Earnings: Results and Dividend Ahead of Guidance; 2025-27 Outlook Confirmed
We maintain our EUR 20 fair value estimate for no-moat Endesa after the company released 2024 results ahead of guidance and confirmed its targets for 2025-27. The company will pay a EUR 1.32 dividend on 2024 results, 32% above 2023, 10% above guidance, and offering a 6.1% dividend yield. Still, we consider the shares slightly overvalued at their current level.
