Momentum Stock Watch: Enel Americas S.A. (ENIA)

Company Profile:

Enel Americas S.A., formerly Enersis Americas S.A., through its subsidiaries and jointly controlled entities, is engaged in the electricity generation, transmission and distribution businesses in Chile, Brazil, Colombia, Peru and Argentina. The Company operates through two segments: Generation and Transmission, and Distribution. The company generates electricity from hydroelectric and thermal energy sources. As of December 31, 2016, it had 11,014 megawatts of installed capacity and 14.1 million distribution customers. Enel Americas S.A. was founded in 1889 and is headquartered in Santiago, Chile.

Recent News:

For the second quarter 2017, the company reported revenues of USD 2,289.33 million, net earnings of USD 131.02 million .Gross margins narrowed from 28.10% to 19.53% compared to the same period last year, operating (EBITDA) margins now 29.69% from 25.18%.

The company has market cap of $11.81 billion and a 28.71 P/E ratio. ENIA has risen 18.29% since November 20, 2016 and is uptrending. It has outperformed by 1.59% the S&P500. The move comes after 7 months positive chart setup for the $11.81B company.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

ENIA’s strengths can be seen in its better profitability and better solvency compared with its peers. Its revenue has increased over several quarters. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator, RSI (14) stands at 46.22 with positive bias. MACD is trying to cross back up. We rate Enel Americas S.A. (ENIA) a STRONG BUY.

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