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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Electricité de France    EDF   FR0010242511

ELECTRICITÉ DE FRANCE

(EDF)
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Electricite de France : EDF Rises on Report of State Buyout

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04/15/2019 | 06:19am EDT

By Nathan Allen

Shares in Electricite de France SA (EDF.FR) were trading higher Monday morning on a report that France's government is considering buying out minority shareholders at a hefty premium to the company's current valuation.

French newspaper Le Parisien reported that the French government, which holds an 84% stake in EDF, is considering paying between 6 billion euros and 8 billion euros ($6.78 billion-$9.04 billion) to repurchase the equity owned by minorities.

The midpoint of the proposed range would be equivalent to a roughly 20% premium on Friday's closing price, investment bank Jefferies said.

At 0954 GMT shares were trading 3.3% higher at EUR12.52.

According to Le Parisien, EDF's strategy committee is due to meet late May to review options, and the plan will be presented to management and unions in June.

Write to Nathan Allen at nathan.allen@dowjones.com

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Financials (€)
Sales 2019 71 124 M
EBIT 2019 6 621 M
Net income 2019 2 643 M
Debt 2019 37 818 M
Yield 2019 2,85%
P/E ratio 2019 15,70
P/E ratio 2020 12,51
EV / Sales 2019 1,07x
EV / Sales 2020 1,06x
Capitalization 38 230 M
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Technical analysis trends ELECTRICITÉ DE FRANCE
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Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 15,0 €
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Jean-Bernard Lévy Chairman & Chief Executive Officer
Xavier Rene Louise Girre Senior Executive Vice President-Group Finance
Christophe Salomon Head-Information Systems
Bruno Lafont Director
Jacky Chorin Director
Sector and Competitors
1st jan.Capitalization (M$)
ELECTRICITÉ DE FRANCE-9.67%42 645
NATIONAL GRID PLC8.48%36 054
ENGIE3.99%36 034
SEMPRA ENERGY16.57%34 580
ORSTED AS14.85%31 259
E.ON SE11.31%24 111