Santander


Valuation adjustment on inflated cost of equity

11/02/19 -"We have lowered our SOTP to be in line with our intrinsic value. The downgrade is largely attributable to an inflated cost of equity and to a lesser extent to marginally reduced expectations."

Pages
52
Language
English
Published on
11/02/19
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EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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