Ellomay Capital invests in international power generation assets on the basis of value and cash yield. Its asset mix comprises solar plants in Italy and Spain as well as an investment in an Israeli gas-fired power plant. The company enjoys a high level of cash generation (FY16e FCF yield 8.4%), which management allocates between debt repayment, shareholder returns and investment in new projects. Our fair value per share is $11.50.

Continue reading

This version is programmatically created by Responsive Labs and qualified in its entirety to the original PDF.

Powered by Responsive Labs