EDP PL

EDP-Energias de Portugal SA

Utilities, Energy


Presented:10/03/2019
Price:€3.56
Cap:$14.41B
Current Price:€3.88
Cap:$18.00B

Presented

Date10/03/2019
Price€3.56
Market Cap$14.41B
Ent Value$35.67B
P/E Ratio23.78x
Book Value€2.42
Div Yield5.34%
Shares O/S3,634.48M
Ave Daily Vol7,095,105
Short IntN/A

Current

Price€3.88
Market Cap$18.00B
EDP-Energias de Portugal SA is engages in the provision of electricity generation, supply and distribution. It operates through the following three segments: Renewables, Networks and Customer Solutions and Energy Management. The Renewables segment engages in generation of electricity through renewable energy sources. The Networks segment engages in electricity distribution and transmission business, including last resort suppliers. The Customer Solutions and Energy Management segment includes electricity generation from energy sources non-renewable, especially coal and gas; electricity and gas trading and energy solution services. The company was founded in 1976 and is headquartered in Lisbon, Portugal.

Publicly traded companies mentioned herein: EDP - Energias do Brasil SA (ENBR3 BZ), EDP Renovaveis SA (EDPR PL), Enel SpA (ENEL IM), Endesa SA (ELE SM), Energias de Portugal SA (EDP PL), Engie SA (ENGI FP), Iberdrola SA (IBE SM) 

Highlights

The presenter believes that there is a unique opportunity for an investment in Energias de Portugal (EDP PL) due to uncertainty ahead of the upcoming Portuguese elections, and a pending legal review by Parliament of the company's economic relationship with the Portugese government, among other factors. He believes there is roughly 30% upside from its current share price based on a sum-of-the-parts valuation and multiple expansion commensurate to what peers have experienced in 2019. 

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Idea Discussion

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