Earnings GrowthThere is potential for higher returns from future regulatory reviews, which, along with a growing asset base, should lead to significant earnings per share growth until the end of the decade.
Market PositionElia is seen as a key player in the upcoming capital expenditure super-cycle in German power networks, showcasing the fastest growth in regulated asset base within the coverage.
ValuationDespite strong growth credentials, Elia is trading at a significant discount to peers, suggesting potential for re-rating and upside.