Enel


Capex reduction

13/09/23 -"We have reduced our capex for FY25 from €15bn to €14bn. We have also lowered the long-term capex growth rate from 4.5% to 3.5% to align with the EBITDA long-term growth rate. "

Pages
55
Language
English
Published on
13/09/23
You may also be interested by these reports :
29/09/23
Bond markets took a bath over the last week, so did Utilities, a bond proxy for many investors. This adds pain to the green energy injuries, ...

27/09/23
Our EPS 2023 has been revised to reflect fully the impact of the €4.5bn additional provision that we have initially restated in our reported IFRS ...

25/09/23
Our target price has been reduced reflecting, in our view, the rising risks related to the ambitious capex programme by 2026 with the aim to invest ...

25/09/23
We still believe there’s a misconception about EVN’s valuation, as reflected by its notably low EV/EBITDA ratio of around 2.5x. This calculation is ...

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