Galp Energia

Output growth exciting, but does not drive valuation to the sky

18/09/23 -"Our target price rises by c.20% as we have improved key financial KPIs, especially for FY25 thanks to production growth and better oil price assumptions. The growth outlook does not, however, permit ..."

PDF page sample
Pages
94
Language
English
Published on
18/09/23
Download
You may also be interested by these reports :
22/10/26
We have raised our adjusted EPS Higher oil and gas prices drive most of the upgrade. Brent moves to USD 95/bbl in 2026 (from USD 91), USD 80/bbl in ...
21/10/26
Shell (ADD; 13% UPSIDE), Europe’s largest oil major, worth £213bn, is a gas and deepwater company first. Upstream and Integrated Gas generated $6.2bn ...
19/10/26
We raise our reference EPS Our price deck drives most of the increase. We raise Brent to USD 95/bbl in 2026 from USD 91.5/bbl, to USD 80/bbl in 2027 ...
15/10/26
We have raised our adjusted EPS for 2026 and 2027, and lowered it for 2028. Higher oil and gas prices drive the upgrade for 2026-27. Brent moves to ...

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

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO