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EDP - Energias de Portugal equity research / road to carbon neutrality - leading the transition
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| 1.79 MB | Adobe PDF |
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Resumo(s)
This Master Thesis takes form in an Equity Research of EDP -Energias de Portugal, with the main goal of this report being the elaboration of a recommendation to investors. This report is part of a two parts report. In this part, it was made an overview analysis of EDP, as well as a comparison with its peers and a macro economic analysis of the energy sector. Furthermore, it includes an analysis and valuation of the Networks segment of the company and an overview of the risks the company incurs, with a sensitivity analysis to the main ones. In order to get a price target, a SOTP method, valuing EDP following a DCF basis. Our valuation yields a price target of €6.05 for FY21, which represents an upside of 31% compared to the current market price, and therefore a BUY recommendation.
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Distribution Networks Risks Transmission