Publicação
Equity research - Iberdrola S.A.
| Resumo: | This report consists of an Equity Research on Iberdrola S.A. (IBE), one of the biggest renewable energy companies in the world. With a rich history spanning over 170 years, Iberdrola has evolved into a prominent global energy leader. As one of the largest utility companies in the world, it holds a significant presence in the industry and demonstrates its expertise through a substantial market capitalization. In this report, we present a HOLD recommendation for IBE, along with a price target of €12.02 per share for the end of 2023. The valuation methodology incorporates the use of the DCF (Discounted Cash Flow), DDM (Dividend Discount Model), and APV (Adjusted Present Value). Through this approach, the price target was estimated through different processes, mitigating the limitations of each valuation method. The valuation analysis indicates a potential upside of 3.07% from the closing price of €11.66 as of June 26th, 2022. This assessment considers a medium level of risk associated with the investment. To further evaluate the risk of the investment, we conducted a sensitivity analysis, addressing potential factors that could impact the valuation and the overall investment decision. Based on the analysis, it is recommended a cautious approach towards the investment due to the limited upside potential and the associated risk factors. |
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| Autores principais: | Miguel, João Serra |
| Assunto: | Iberdrola S.A. Renewables Valuation Equity Research M&A Renováveis Avaliação de empresas, |
| Ano: | 2023 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| Resumo: | This report consists of an Equity Research on Iberdrola S.A. (IBE), one of the biggest renewable energy companies in the world. With a rich history spanning over 170 years, Iberdrola has evolved into a prominent global energy leader. As one of the largest utility companies in the world, it holds a significant presence in the industry and demonstrates its expertise through a substantial market capitalization. In this report, we present a HOLD recommendation for IBE, along with a price target of €12.02 per share for the end of 2023. The valuation methodology incorporates the use of the DCF (Discounted Cash Flow), DDM (Dividend Discount Model), and APV (Adjusted Present Value). Through this approach, the price target was estimated through different processes, mitigating the limitations of each valuation method. The valuation analysis indicates a potential upside of 3.07% from the closing price of €11.66 as of June 26th, 2022. This assessment considers a medium level of risk associated with the investment. To further evaluate the risk of the investment, we conducted a sensitivity analysis, addressing potential factors that could impact the valuation and the overall investment decision. Based on the analysis, it is recommended a cautious approach towards the investment due to the limited upside potential and the associated risk factors. |
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