Aixtron is a provider of deposition equipment to the semiconductor industry. Co.'s technology solutions are used by customers to build components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. The components are used in displays, signaling, lighting, fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, as well and other technologies. Co. supplies to customers both full production-scale chemical vapor deposition systems and small scale systems for research and development use.
  • TickerAIXA
  • ISINDE000A0WMPJ6
  • SectorTechnology Hardware & Equipment
  • CountryGermany
Chaima Ferrandon ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Jean Sassus
  • Johanna Jourdain
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Thomas Renaud
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 09/18/2020

The group has, without any major hitches, rolled out its 2022 business plan to reach 5 GW in operation, but the main issue revolves around the volume growth (new MW) expected beyond 2022 and its financing (self-financing of equity for 500 MW/year or a capital increase further out). While we are aware that the stock is a “must have” in the renewable energies segment, the fact remains that Neoen’s valuation is too generous, and largely precludes any value-creating move by a predator. We...

Chaima Ferrandon ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Jean Sassus
  • Johanna Jourdain
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Thomas Renaud
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 18/09/2020

Alors que Neoen déroule sans accros majeurs son plan d’affaires à l’horizon 2022 pour atteindre 5 GW en opération, la question se pose sur la croissance des volumes (nouveaux MW) à attendre au-delà de 2022 et son financement (autofinancement de l’equity pour 500 MW/an ou augmentation de capital au-delà). Conscients que le titre est un « must have » dans le segment des énergies renouvelables, Neoen bénéficie d’une valorisation boursière trop généreuse, qui rend quasi impossible toute p...

Maissa Keskes ...
  • Martin Marandon-Carlhian
  • Stephane Houri

Aixtron SE : The low end of the guidance range is achievable, target price raised to € 14 (vs € 13)

>Buy recommendation reiterated, EPS raised by 15.9% for 2020, target price raised to € 14 - An autumn update with Aixtron and we reiterate our Buy recommendation. Bearing in mind the upward revision to our forecasts of 15.9% for 2020 and 1.2% for 2021, we have raised our DCF-derived target price from € 13 to € 14. In short, the quarter is in line with forecasts and the end of the year should be more dynamic. Over the long term, we think that the group boasts sufficien...

Maissa Keskes ...
  • Martin Marandon-Carlhian
  • Stephane Houri

Aixtron SE : Le bas de la fourchette de guidance annuelle est atteignable, OC relevé à 14 € (vs 13 €)

>Opinion Achat réitérée, BPA relevé de 15.9% sur 2020, OC relevé à 14 € - Nous avons fait le point avec Aixtron et réitérons note opinion Achat. Compte tenu de nos relèvements de prévisions de 15.9% sur 2020 et 1.2% sur 2021, nous relevons notre OC par DCF de 13 € à 14 €. En résumé, le trimestre se passe conformément aux attentes et la fin de l’année devrait être plus dynamique. Sur le long terme, nous pensons que le groupe dispose de moteurs de croissance suffisammen...

Alain William ...
  • Amira Manai
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hana Souissi
  • Hana Jomni
  • Jeremy Garnier
  • Jerôme Bodin
  • Maissa Keskes
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Sebastien Malafosse
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 09/10/2020

...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy r...

Chaima Ferrandon ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Jean Sassus
  • Johanna Jourdain
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Thomas Renaud
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 09/18/2020

The group has, without any major hitches, rolled out its 2022 business plan to reach 5 GW in operation, but the main issue revolves around the volume growth (new MW) expected beyond 2022 and its financing (self-financing of equity for 500 MW/year or a capital increase further out). While we are aware that the stock is a “must have” in the renewable energies segment, the fact remains that Neoen’s valuation is too generous, and largely precludes any value-creating move by a predator. We...

Chaima Ferrandon ...
  • Christophe-Raphaël Ganet
  • Fehmi Ben Naamane
  • Jean Sassus
  • Johanna Jourdain
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould
  • Thomas Renaud
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 18/09/2020

Alors que Neoen déroule sans accros majeurs son plan d’affaires à l’horizon 2022 pour atteindre 5 GW en opération, la question se pose sur la croissance des volumes (nouveaux MW) à attendre au-delà de 2022 et son financement (autofinancement de l’equity pour 500 MW/an ou augmentation de capital au-delà). Conscients que le titre est un « must have » dans le segment des énergies renouvelables, Neoen bénéficie d’une valorisation boursière trop généreuse, qui rend quasi impossible toute p...

Maissa Keskes ...
  • Martin Marandon-Carlhian
  • Stephane Houri

Aixtron SE : The low end of the guidance range is achievable, target price raised to € 14 (vs € 13)

>Buy recommendation reiterated, EPS raised by 15.9% for 2020, target price raised to € 14 - An autumn update with Aixtron and we reiterate our Buy recommendation. Bearing in mind the upward revision to our forecasts of 15.9% for 2020 and 1.2% for 2021, we have raised our DCF-derived target price from € 13 to € 14. In short, the quarter is in line with forecasts and the end of the year should be more dynamic. Over the long term, we think that the group boasts sufficien...

Maissa Keskes ...
  • Martin Marandon-Carlhian
  • Stephane Houri

Aixtron SE : Le bas de la fourchette de guidance annuelle est atteignable, OC relevé à 14 € (vs 13 €)

>Opinion Achat réitérée, BPA relevé de 15.9% sur 2020, OC relevé à 14 € - Nous avons fait le point avec Aixtron et réitérons note opinion Achat. Compte tenu de nos relèvements de prévisions de 15.9% sur 2020 et 1.2% sur 2021, nous relevons notre OC par DCF de 13 € à 14 €. En résumé, le trimestre se passe conformément aux attentes et la fin de l’année devrait être plus dynamique. Sur le long terme, nous pensons que le groupe dispose de moteurs de croissance suffisammen...

Alain William ...
  • Amira Manai
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hana Souissi
  • Hana Jomni
  • Jeremy Garnier
  • Jerôme Bodin
  • Maissa Keskes
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Sebastien Malafosse
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 09/10/2020

...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/10/2020

...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Hana Jomni
  • Jean Danjou
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Olfa Taamallah
  • Oussema Ettaieb
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/09/2020

...

Emmanuel Matot ...
  • Tony Lebon

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/04/2020

Discussions are underway to devise a methodology that factors in CO2 emissions avoided thanks to insulation products in a possible scope 4. Saint-Gobain harbours greater avoided emissions potential than its rivals, which we value at € 8 per share. In the shorter term, the group is likely to announce an exceptional dividend (Q3), appoint Benoit Bazin as CEO (H1 2021) and revive its underperforming asset divestment programme (2021). (See report published yesterday) - ...

Emmanuel Matot ...
  • Tony Lebon

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 04/09/2020

Des discussions seraient en cours pour définir une méthodologie intégrant les émissions de CO2 évitées par les produits isolants dans un possible scope 4. Saint-Gobain dispose d’un potentiel supérieur à celui de ses concurrents. Nous l’évaluons à 8 € par action. A plus court terme, le groupe devrait annoncer un dividende exceptionnel (T3), nommer Benoit Bazin au poste de CEO (S1 2021) et relancer son programme de cessions d’actifs sous-performants (2021). (Cf étude publiée hier) - ...

With a more favourable environment, AIXTRON AG improves to Slightly Positive

AIXTRON AG (DE), a company active in the Semiconductors industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 30, 2020, the closing price was EUR 10.65 and its potential was estimated at EUR 12.12.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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