Financial analysis enel s.p.a. generates, transmits, distributes, and trades electricity. the company operates hydroelectric, geothermal, and other generating plants. enel, through subsidiaries
Enel SpA is an Italian electric utility company headquartered in Rome. It generates, transmits, distributes, and trades electricity across Europe, South America, and other international markets. Enel reported revenues of €75 billion in 2012 with over 82,000 employees worldwide. The majority of Enel's revenue comes from its operations in Europe, particularly Italy, where it generates and distributes electricity. Enel is majority owned by the Italian government and trades on the Milan stock exchange.
Mercer Capital's Value Focus: FinTech Industry | Q1 2014 | Segment Focus: Tec...Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. In addition, each issue of this quarterly newsletter will focus on one FinTech segment, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity for the segment.
Fundamental Analysis & Recommendations - OEX Index - The Standard & Poor's 10...BCV
Fundamental Analysis & Recommendations - OEX Index - The Standard & Poor's 100 Index is a capitalization-weighted index based on 100 highly capitalized stocks selected from the S&P 500 index for which options are listed.
Mercer Capital's Value Focus: FinTech Industry | Q1 2014 | Segment Focus: Tec...Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. In addition, each issue of this quarterly newsletter will focus on one FinTech segment, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity for the segment.
Fundamental Analysis & Recommendations - OEX Index - The Standard & Poor's 10...BCV
Fundamental Analysis & Recommendations - OEX Index - The Standard & Poor's 100 Index is a capitalization-weighted index based on 100 highly capitalized stocks selected from the S&P 500 index for which options are listed.
Fundamental Equity Analysis - QMS Gold Miners FlexIndex - The QMS Advisors' G...BCV
Fundamental Equity Analysis - QMS Gold Miners FlexIndex - The QMS Advisors' Gold Miners Flexible Index tracks companies involved in the Gold Mining Industry
Fundamental Equity Analysis - QMS Gold Miners FlexIndex - The QMS Advisors' G...BCV
Fundamental Equity Analysis - QMS Gold Miners FlexIndex - The QMS Advisors' Gold Miners Flexible Index tracks companies involved in the Gold Mining Industry
Financial Analysis - National Oilwell Varco Inc. is a worldwide provider of e...BCV
Financial Analysis - National Oilwell Varco Inc. is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services
Financial Analysis - China State Construction Engineering Corporation Limited...BCV
Financial Analysis - China State Construction Engineering Corporation Limited is a state-owned enterprise. The Company engages in housing construction, international building contracting
Financial Analysis - Barrick Gold Corporation is an international gold compan...BCV
Financial Analysis - Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa
Fundamental Equity Analysis - TOPIX 100 Index Members (TPX100 Index)
Similar to Financial analysis enel s.p.a. generates, transmits, distributes, and trades electricity. the company operates hydroelectric, geothermal, and other generating plants. enel, through subsidiaries
Epic Research Singapore have best technical research team, Our research team provide Daily report on SGX Singapore and SGX Exchange, You can get Daily Favorable Tips & future Strategy for SGX Stocks Market.
EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 10 June 2016Nicole Chan
Epic Research Singapore have best technical research team, Our research team provide Daily report on SGX Singapore and SGX Exchange, You can get Daily Favorable Tips & future Strategy for SGX Stocks Market.
EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 06 June 2016Nicole Chan
Epic Research Singapore have best technical research team, Our research team provide Daily report on SGX Singapore and SGX Exchange, You can get Daily Favorable Tips & future Strategy for SGX Stocks Market.
EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 24 May 2016Nicole Chan
Epic Research Singapore have best technical research team, Our research team provide Daily report on SGX Singapore and SGX Exchange, You can get Daily Favorable Tips & future Strategy for SGX Stocks Market.
EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 07 January 2016epicresearchsgmy
Epic Research Singapore have best technical research team, Our research team provide Daily report on SGX Singapore and SGX Exchange, You can get Daily Favorable Tips & future Strategy for SGX Stocks Market.
EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 25 May 2016Nicole Chan
Epic Research Singapore have best technical research team, Our research team provide Daily report on SGX Singapore and SGX Exchange, You can get Daily Favorable Tips & future Strategy for SGX Stocks Market.
Epic Research Singapore have best technical research team, Our research team provide Daily report on SGX Singapore and SGX Exchange, You can get Daily Favorable Tips & future Strategy for SGX Stocks Market.
Epic Research Singapore have best technical research team, Our research team provide Daily report on SGX Singapore and SGX Exchange, You can get Daily Favorable Tips & future Strategy for SGX Stocks Market.
EPIC RESEARCH SINGAPORE - Daily SGX Singapore report of 06 January 2016epicresearchsgmy
Epic Research Singapore have best technical research team, Our research team provide Daily report on SGX Singapore and SGX Exchange, You can get Daily Favorable Tips & future Strategy for SGX Stocks Market.
Global M&A deal volume increased 15.6% and reached $3.9 trillion during 2018. The sector with most activity was the financial sector which represented the 21.6% of the transactions (USD 862.9 Bln). The report include the global M&A financial Advisory Rankings. Global M&A Market Review - Bloomberg.
Similar to Financial analysis enel s.p.a. generates, transmits, distributes, and trades electricity. the company operates hydroelectric, geothermal, and other generating plants. enel, through subsidiaries (20)
La crise financière de 2008 l’a montré: toutes les classes d’actifs subissent violemment la réalisation des risques systémiques. Deux grands types de protection émergent.
Mit der Zinswende steigt überall die Volatilität, und daraus lässt sich Kapital schlagen.
Am meisten Gewinnpotenzial bieten im heutigen Umfeld Arbitragestrategien.
Des performances stables avec les certificats de primes de risqueBCV
L'environnement fait craindre une réévaluation massive et simultanée de l'ensemble des classes d'actifs. Concevoir des solutions aux performances stables reste pourtant possible.
Erfolg ohne Absturzrisiko - Derivate machen es möglichBCV
Investition in Risikoprämien
Selektion von für Investitionen zugänglichen Risikofaktoren mit attraktivem risikoadjustiertem Performanceprofil.
Die Finanzkrisen von 2001 und 2008 haben das Bewusstsein für die latente Instabilität der Kapitalmärkte und das Ausmass der damit verbundenen Risiken geschärft. Diese Risiken sind zwar sehr unterschiedlicher Natur, aufgrund ihrer starken Vernetzung neigen sie jedoch dazu, gleichzeitig aufzutreten, was die Schockwellen verstärkt. Als Folge kommt es in allen Anlagekategorien gleichzeitig zu heftigen Kursausschlägen, sodass die grosse Mehrheit der Anleger massive Verluste erleidet.
La crise financière de 2008 l’a montré: toutes les classes d’actifs subissent violemment la réalisation des risques systémiques. Deux grands types de protection émergent.
qCIO Global Macro Hedge Fund Strategy - November 2014BCV
qCIO seeks to exploit evolving economic conditions and the temporary mispricings that result among individual geographies and asset classes, opportunistically adjusting our investment views in response to the changing patterns of risk and reward in the markets.
Le Temps - 20 Octobre 2014 - Eclairage psychologique d'un choix rationnelBCV
Eclairage psychologique d'un choix rationnel
> Comportement Les investisseurs s'intéressent toujours autant aux produits structurés dits d'optimisation de la performance, au premier
rang desquels figurent les Barrier Reverse Convertible (BRC). Une analyse rationnelle ne suffit cependant pas à expliquer cette préférence.
2014-10 Eclairage Psychologique d'Un Choix Rationnel - Sacha Duparc
Dans un contexte de taux
d'intérêt très bas et de risques de
crédit peu rémunérateurs, la
recherche de rendements attrayants
alliés à une protection
partielle du capital incite gérants
et investisseurs à s'intéresser aux
produits structurés dits d'optimisation
de la performance, au
premier rang desquels figurent
les Barrier Reverse Convertible
(BRC). Hors produits à effet de
levier, ces structurés représentent
à ce jour plus des deux tiers des
produits cotés à la SIX.
Au-delà du manque d'alternatives
d'investissement attractives,
la popularité de ces instruments
s'explique par des facteurs rationnels,
et d'autres qui le sont moins.
Au chapitre rationnel, les structurés
d'optimisation de la performance
sont recherchés par nombre
d'investisseurs afin
d'exploiter une des anomalies de
marché les plus persistantes, à
savoir la surévaluation historique
de la volatilité implicite par rapport
à la volatilité subséquemment
réalisée. Cette anomalie leur permet d'offrir une espérance
de rendement comparé au
risque encouru potentiellement
supérieure à un investissement
direct sur une stratégie ou un
sous-jacent donné. La préférence
pour ces structures s'inscrit donc
pleinement dans la théorie classique
de l'utilité espérée, qui est
généralement appliquée comme
modèle descriptif du comportement
économique et reconnue
comme modèle normatif du
choix rationnel.
Une analyse purement rationnelle
ne suffit cependant pas à
expliquer à elle seule cette préférence
marquée pour cette classe
de produits par rapport à l'ensemble
des solutions d'investissement
envisageables. Tenir compte
des biais psychologiques des
individus permet de compléter la
compréhension des décisions
prises dans un environnement à
la fois risqué et incertain. A ce
titre, les théories d'économie
comportementale décrivent la
façon dont les agents choisissent
entre les alternatives impliquant
des risques dont les probabilités
de résultats sont connues. En particulier, la théorie des perspectives,
issue des travaux de
recherche de Daniel Kahneman et
Amos Tvers4 à la fin des années
1970, travaux qui ont été récompensés
par un Prix Nobel d'économie,
décrit de multiples situations
de choix dans des contextes
risqués, où les préférences des
agents transgressent invariablement
les principes de la théorie
de l'utilité espérée. C'est donc à la
lumière de ces principes que nous
tentons d'expliquer les comportements
des investisseurs face aux
produits d'opt
Fundamental Equity Analysis - QMS Gold Miners FlexIndex - The QMS Advisors' G...BCV
Fundamental Equity Analysis - QMS Gold Miners FlexIndex - The QMS Advisors' Gold Miners Flexible Index tracks companies involved in the Gold Mining Industry
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Financial analysis enel s.p.a. generates, transmits, distributes, and trades electricity. the company operates hydroelectric, geothermal, and other generating plants. enel, through subsidiaries
1. 03.05.2013
Ticker: Enel SpA Benchmark:
Currency: BrsaItaliana: ENEL, Currency: EUR FTSE MIB INDEX (FTSEMIB)
Sector: Utilities Industry: Electric Utilities Year:
Telephone 39-06-8305-1 Revenue (M) Business Segments in EUR Sales (M) Geographic Segments in EUR Sales (M)
Website www.enel.it No of Employees Endesa 34169 Europe 1
Address Viale Regina Margherita 125/137 Rome, 00198 Italy Generation & Energy management - Italy 25237 Italy
Share Price Performance in EUR Market - Italy 18351 Americas
Price 2.95 1M Return 17.0% International Operations 8703 Middle East
52 Week High 3.30 6M Return 0.3% Infrastructures - Italy 8117 Rest of the World
52 Week Low 2.02 52 Wk Return 31.6% Enel Green Power 2696
52 Wk Beta 1.00 YTD Return -5.9% Services & Holding 2017
Credit Ratings
Bloomberg IG9
S&P BBB+ Date 08.03.2012 Outlook NEG
Moody's Baa2 Date 05.11.2012 Outlook NEG
Fitch BBB+ Date 16.01.2013 Outlook NEG
Valuation Ratios
12/09 12/10 12/11 12/12 12/13E 12/14E 12/15E
P/E 5.9x 8.0x 7.2x 34.1x 9.0x 8.8x 8.3x
EV/EBIT 10.5x 9.9x 9.2x 13.3x - - -
EV/EBITDA 7.3x 6.7x 6.1x 6.3x 6.3x 6.3x 6.2x
P/S 0.5x 0.5x 0.4x 0.4x 0.3x 0.3x 0.3x
P/B 1.1x 0.9x 0.8x 0.8x 0.7x 0.7x 0.6x
Div Yield 6.2% 7.5% 8.3% 4.8% 4.6% 4.6% 4.9%
Profitability Ratios %
12/09 12/10 12/11 12/12 12/13E 12/14E 12/15E
Gross Margin - - - - 21.7 21.2 -
EBITDA Margin 25.4 23.3 22.1 19.5 19.6 19.4 19.4
Operating Margin 17.7 15.6 14.5 9.4 12.0 11.8 11.8
Profit Margin 8.9 6.1 5.3 1.0 3.8 3.8 4.0
Return on Assets 3.8 2.7 2.4 0.5 1.7 1.7 -
Return on Equity 20.8 12.3 10.8 2.3 7.5 7.3 7.3
Leverage and Coverage Ratios
12/09 12/10 12/11 12/12
Current Ratio 0.9 1.1 0.9 1.1 Current Capitalization in EUR
Quick Ratio 0.5 0.5 0.5 0.6 Common Shares Outstanding (M) 9403.4
EBIT/Interest 4.6 4.2 4.1 2.6 Market Capitalization (M) 27758.7
Tot Debt/Capital 0.6 0.6 0.5 0.6 Cash and ST Investments (M) 9891.0
Tot Debt/Equity 1.5 1.2 1.2 1.3 Total Debt (M) 66539.0
Eff Tax Rate % 27.8 29.7 36.3 57.0 Preferred Equity (M) 0.0
LT Investments in Affiliate Companies (M) 0.0
Investments (M) 16387.0
Enterprise Value (M) 100793.7
Enel S.p.A. generates, transmits, distributes, and trades electricity. The Company
operates hydroelectric, geothermal, and other generating plants. Enel, through
subsidiaries, also provides fixed-line and mobile telephone services, installs public
lighting systems, and operates real estate, factoring, insurance, telecommunications,
and Internet service provider businesses.
ENEL IM
82'699
73'702
Company Analysis - Overview
35%
25%
18%
9%
8%
3%2%0%
Endesa
Generation & Energy management - Italy
Market - Italy
International Operations
Infrastructures - Italy
Enel Green Power
Services & Holding
100%
Europe
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
2. Enel SpA
Target price in EUR
Date Buy Hold Sell Date Price Target Price Broker Analyst Recommendation Target Date
30-Apr-13 23% 65% 13% 3-May-13 2.95 2.92 Grupo Santander OSCAR NAJAR RIOS buy 3.87 3-May-13
29-Mar-13 24% 61% 15% 2-May-13 2.94 2.92 ICBPI SIMONA PEDRAZZINI neutral 2.84 2-May-13
28-Feb-13 27% 55% 18% 1-May-13 2.94 2.92 AlphaValue MYRIAM COHEN add 3.32 2-May-13
31-Jan-13 27% 52% 21% 30-Apr-13 2.94 2.92 Exane BNP Paribas PHILIP GOTTSCHALK underperform 2.50 30-Apr-13
31-Dec-12 24% 58% 18% 29-Apr-13 2.99 2.92 Goldman Sachs DARIO CARRADORI neutral/neutral 3.00 26-Apr-13
30-Nov-12 21% 61% 18% 26-Apr-13 2.89 2.92 Raymond James EMMANUEL RETIF market perform 17-Apr-13
31-Oct-12 24% 61% 15% 25-Apr-13 2.93 2.95 Banca IMI ROBERTO RANIERI hold 2.70 11-Apr-13
28-Sep-12 23% 60% 17% 24-Apr-13 2.90 2.95 Morgan Stanley EMMANUEL TURPIN Equalwt/In-Line 2.90 9-Apr-13
31-Aug-12 17% 64% 19% 23-Apr-13 2.86 2.97 Credit Suisse STEFANO BEZZATO neutral 2.85 9-Apr-13
31-Jul-12 17% 63% 20% 22-Apr-13 2.74 2.97 Banca Akros(ESN) DARIO MICHI hold 2.80 9-Apr-13
29-Jun-12 17% 63% 20% 19-Apr-13 2.67 2.98 Societe Generale ALBERTO PONTI buy 3.20 8-Apr-13
31-May-12 17% 58% 25% 18-Apr-13 2.65 2.98 Centrobanca EDOARDO MONTALBANO hold 2.70 3-Apr-13
17-Apr-13 2.60 2.98 JPMorgan JAVIER GARRIDO underweight 2.60 25-Mar-13
16-Apr-13 2.62 2.98 HSBC ADAM DICKENS underweight 2.40 21-Mar-13
15-Apr-13 2.64 2.98 S&P Capital IQ CLIVE ROBERTS buy 2.93 18-Mar-13
12-Apr-13 2.65 2.98 Day by Day VALERIE GASTALDY hold 18-Mar-13
11-Apr-13 2.70 2.98 Deutsche Bank VIRGINIA SANZ DE MADRID hold 2.80 15-Mar-13
10-Apr-13 2.70 2.98 Independent Research GmbH SVEN DIERMEIER hold 2.70 14-Mar-13
9-Apr-13 2.61 3.03 Espirito Santo Investment Bank Research FERNANDO GARCIA GARCIA neutral 3.10 14-Mar-13
8-Apr-13 2.58 3.04 Natixis PHILIPPE OURPATIAN neutral 2.64 14-Mar-13
5-Apr-13 2.58 3.04 Kepler Capital Markets CLAUDIA INTROVIGNE hold 2.60 13-Mar-13
4-Apr-13 2.53 3.04 Landesbank Baden-Wuerttemberg ERKAN AYCICEK hold 3.00 6-Feb-13
3-Apr-13 2.52 3.04 Berenberg Bank TEAM COVERAGE hold 3.30 5-Feb-13
2-Apr-13 2.60 3.04 Barclays SUSANNA INVERNIZZI equalweight 3.50 25-Jan-13
1-Apr-13 2.55 3.04 EVA Dimensions AUSTIN BURKETT overweight 17-Jan-13
29-Mar-13 2.55 3.04 Equita SIM SpA ROBERTO LETIZIA hold 3.30 30-Nov-12
28-Mar-13 2.55 3.04 Banco Sabadell JORGE GONZALEZ SADORNIL sell 3-Aug-12
27-Mar-13 2.54 3.06 Nord/LB HEINO HAMMANN hold 5-Jun-12
26-Mar-13 2.57 3.06 Hammer Partners SA CHRIS MOORE sell 8-Mar-12
25-Mar-13 2.61 3.06 DZ Bank AG HASIM SENGUEL hold 3.20 18-Nov-11
Company Analysis - Analysts Ratings
Buy and Sell Recommendations vs Price and Target Price
17% 17% 17% 17%
23% 24% 21% 24% 27% 27% 24% 23%
58%
63% 63% 64%
60% 61%
61% 58% 52% 55% 61% 65%
25%
20% 20% 19% 17% 15% 18% 18% 21% 18% 15% 13%
0%
20%
40%
60%
80%
100%
mai.12 juin.12 juil.12 août.12 sept.12 oct.12 nov.12 déc.12 janv.13 févr.13 mars.13 avr.13
BrokerRecommendation
0
1
1
2
2
3
3
4
4
5
5
Price
Buy Hold Sell Price Target Price
Brokers' Target Price
0
1
1
2
2
3
3
4
4
5
GrupoSantander
ICBPI
AlphaValue
ExaneBNPParibas
GoldmanSachs
RaymondJames
BancaIMI
MorganStanley
CreditSuisse
BancaAkros(ESN)
SocieteGenerale
Centrobanca
JPMorgan
HSBC
S&PCapitalIQ
DaybyDay
DeutscheBank
IndependentResearchGmbH
EspiritoSantoInvestmentBank
Research
Natixis
KeplerCapitalMarkets
LandesbankBaden-
Wuerttemberg
BerenbergBank
Barclays
EVADimensions
EquitaSIMSpA
BancoSabadell
Nord/LB
HammerPartnersSA
DZBankAG
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
3. 03.05.2013
Enel SpA
Ownership Statistics Geographic Ownership Distribution
Shares Outstanding (M) 9403.4 Italy 81.69%
Float 68.8% United States 5.98%
Short Interest (M) Luxembourg 4.24%
Short Interest as % of Float France 1.91%
Days to Cover Shorts Ireland 1.50%
Institutional Ownership 38.70% Germany 1.35%
Retail Ownership 61.30% Britain 0.81%
Insider Ownership 0.00% Others 2.53%
Institutional Ownership Distribution
Government 80.73%
Investment Advisor 19.16%
Insurance Company 0.06%
Hedge Fund Manager 0.05%
Pricing data is in EUR Others 0.00%
Top 20 Owners:
Holder Name Position Position Change Market Value % of Ownership Report Date Source Country
MINISTERO DELL'ECONO 2'937'984'993 0 8'672'931'699 31.24% 20.11.2012 EXCH ITALY
BLACKROCK 100'480'950 230'633 296'619'764 1.07% 01.05.2013 ULT-AGG UNITED STATES
VANGUARD GROUP INC 68'741'014 2'459'753 202'923'473 0.73% 31.03.2013 MF-AGG UNITED STATES
PICTET ASSET MANAGEM 52'151'916 -26'014'603 153'952'456 0.55% 31.01.2013 MF-AGG BRITAIN
FMR LLC 31'343'024 6'530'806 92'524'607 0.33% 31.03.2013 ULT-AGG UNITED STATES
AMUNDI 22'887'035 8'411'425 67'562'527 0.24% 31.12.2012 MF-AGG FRANCE
MERCURY ASSET MANAGE 16'888'699 0 49'855'439 0.18% 01.05.2013 MF-AGG IRELAND
STATE STREET 15'692'915 1'496'958 46'325'485 0.17% 02.05.2013 ULT-AGG UNITED STATES
BNP PARIBAS INV PART 13'158'176 -1'671'692 38'842'936 0.14% 28.02.2013 ULT-AGG FRANCE
ARCA SGR SPA 12'811'686 -50'000 37'820'097 0.14% 28.03.2013 MF-AGG ITALY
ALLIANZ ASSET MANAGE 12'805'557 -24'665 37'802'004 0.14% 28.03.2013 ULT-AGG GERMANY
AVIVA PLC 9'331'460 317'904 27'546'470 0.10% 28.03.2013 MF-AGG BRITAIN
CREDIT SUISSE ASSET 8'917'565 24'838 26'324'652 0.09% 28.02.2013 MF-AGG SWITZERLAND
ING INTERNATIONAL AD 7'795'262 -260'134 23'011'613 0.08% 31.01.2013 MF-AGG LUXEMBOURG
UNION INVESTMENT LUX 7'754'520 -198'780 22'891'343 0.08% 28.09.2012 MF-AGG LUXEMBOURG
BANK OF NEW YORK MEL 7'092'561 21'014 20'937'240 0.08% 01.05.2013 MF-AGG UNITED STATES
DEKA INVESTMENT GMBH 6'703'470 3'326'443 19'788'643 0.07% 28.02.2013 MF-AGG GERMANY
JOHN HANCOCK INVESTM 6'490'913 -438'855 19'161'175 0.07% 28.02.2013 MF-AGG UNITED STATES
SCHRODER INVESTMENT 6'322'995 2'679'130 18'665'481 0.07% 31.03.2013 MF-AGG BRITAIN
WELLS FARGO 6'306'114 -1'854 18'615'649 0.07% 28.02.2013 ULT-AGG
Top 5 Insiders:
Holder Name Position Position Change Market Value % of Ownership Report Date Source
Company Analysis - Ownership
Ownership Type
39%
61%
0%
Institutional Ownership Retail Ownership Insider Ownership
Geographic Ownership
81%
3%
4%
2%
2%
1% 1%
6%
Italy United States Luxembourg France
Ireland Germany Britain Others
Institutional Ownership
81%
0% 0%
0%
19%
Government Investment Advisor Insurance Company
Hedge Fund Manager Others
TOP 20 ALL
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |