- A closer look at Enel Americas' FQ4 '20 results reveals strong underlying trends despite several one-offs weighing on the headline numbers.
- Looking ahead, the post-COVID-19 demand outlook appears bright, and Enel Americas should benefit.
- The well-capitalized balance sheet also provides M&A and capacity expansion optionality, while also supporting a potential dividend increase as demand normalizes.
- Shares trade very reasonably at the current valuation multiple relative to LatAm peers.
For further details see:
Enel Americas: A Reasonably Priced LatAm Recovery Play