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I've been keeping an eye on Enel SpA (BIT:ENEL) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe ENEL has a lot to offer. Basically, it is a well-regarded dividend-paying company that has been a rockstar for income investors, currently trading at an attractive share price. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on Enel here.
Good value average dividend payer
ENEL's share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. According to my intrinsic value of the stock, which is driven by analyst consensus forecast of ENEL's earnings, investors now have the opportunity to buy into the stock to reap capital gains. Compared to the rest of the electric utilities industry, ENEL is also trading below its peers, relative to earnings generated. This bolsters the proposition that ENEL's price is currently discounted.
ENEL's high dividend payments make it one of the best dividend stocks on the market, and its profitability ensures that dividends are well-covered by its net income.
For Enel, I've put together three relevant aspects you should look at:
- Future Outlook: What are well-informed industry analysts predicting for ENEL’s future growth? Take a look at our free research report of analyst consensus for ENEL’s outlook.
- Historical Performance: What has ENEL's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of ENEL? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.