Oil and electricity companies resist between the preferences of investors for their dividend yield and for the business opportunity that the energy transition represents. In the case of the French company TotalEnergies, also because of the quality of its balance sheet. As explained by Juan José Fernández-Figares, director of analysis at Link Securities, “its level of indebtedness is very low, presenting a net debt to estimated EBITDA ratio for 2023 of almost zero”.
It also highlights that the company is currently trading at a very low PER, of 3.8 times estimated for 2023, and that the forecast for that year of its free cash flow performance is greater than 20%. “It offers a very attractive dividend yield, significantly higher than 6%,” he adds. So far this year, TotalEnergies shares are saved from the burn and are up almost 8%.
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