Rolls-Royce Holdings

Rolls Royce Holdings is an engineering company. Co. is organised into five businesses: civil aerospace, which develops, manufactures, markets and sells commercial aero engines and aftermarket services; defense aerospace, which develops, manufactures, markets and sells military aero engines and aftermarket services; power systems, which develops, manufactures, markets and sells reciprocating engines and power systems; marine, which is develops, manufactures, markets and sells marine-power propulsion systems and aftermarket services; and nuclear, which develops, manufactures, markets and sells nuclear systems for civil power generation and naval propulsion systems.
  • TickerRR.
  • ISINGB00B63H8491
  • ExchangeLondon Stock Exchange
  • SectorAerospace & Defense
  • CountryUnited Kingdom
Olfa Taamallah ...
  • Yan Derocles

ODDO : Qu’il est loin le temps du surbooking…

Si la trajectoire de retour des capacités en Chine a pu alimenter l’espoir, nous anticipons une reprise une nouvelle fois décalée dans le temps avec une chute du trafic de 60% en 2020 et un rebond limité à 40% en 2021. Les multiples relativement élevés rendent les titres vulnérables à d’éventuelles déceptions ce qui nous pousse à être sélectif. Nous privilégions les valeurs défense comme Thales et Leonardo. Airbus est notre seule recommandation positive sur le civil. Dans l’aérie...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Overbooking now seems like a distant memory...

While the trajectory of the return of capacity in China may have kindled hope, we anticipate a further postponement of the recovery, with a 60% fall in traffic in 2020 and a rebound of just 40% in 2021. The relatively high multiples make the stocks vulnerable to potential disappointments, which leads us to be selective. We prefer defence stocks such as Thales and Leonardo. Airbus is our only positive recommendation in the civil aerospace segment. In the airline segment, we confir...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Overbooking now seems like a distant memory...

While the trajectory of the return of capacity in China may have kindled hope, we anticipate a further postponement of the recovery, with a 60% fall in traffic in 2020 and a rebound of just 40% in 2021. The relatively high multiples make the stocks vulnerable to potential disappointments, which leads us to be selective. We prefer defence stocks such as Thales and Leonardo. Airbus is our only positive recommendation in the civil aerospace segment. In the airline segment, we confir...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Qu’il est loin le temps du surbooking…

Si la trajectoire de retour des capacités en Chine a pu alimenter l’espoir, nous anticipons une reprise une nouvelle fois décalée dans le temps avec une chute du trafic de 60% en 2020 et un rebond limité à 40% en 2021. Les multiples relativement élevés rendent les titres vulnérables à d’éventuelles déceptions ce qui nous pousse à être sélectif. Nous privilégions les valeurs défense comme Thales et Leonardo. Airbus est notre seule recommandation positive sur le civil. Dans l’aérie...

Thanks to a better fundamental star rating, ROLLS-ROYCE HOLDINGS PLC sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to ROLLS-ROYCE HOLDINGS PLC (GB), active in the Aerospace & Defense industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date June 30, 2020, the closing price was GBp 285.40 and its expected value was estimated at GBp 315.87.

Jérôme VINERIER

Analyse court terme - ROLLS-ROYCE HOLDINGS PLC : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 789,70 p. La tendance baissière serait remise en cause au-dessus de 992,62 p.

Jérôme VINERIER

Short term view - ROLLS-ROYCE HOLDINGS PLC : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at 789.70 p. The bearish trend would be challenged above 992.62 p.

Jérôme VINERIER

Analyse court terme - ROLLS-ROYCE HOLDINGS PLC : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 789,70 p. La tendance baissière serait remise en cause au-dessus de 992,62 p.

Jérôme VINERIER

Short term view - ROLLS-ROYCE HOLDINGS PLC : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at 789.70 p. The bearish trend would be challenged above 992.62 p.

Jérôme VINERIER

Analyse moyen terme - ROLLS-ROYCE HOLDINGS PLC : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 787,81 p. La tendance serait remise en cause par la rupture de 482,10 p.

1 director bought

A director at Rolls-Royce Holdings bought 5,000 shares at 783p and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boa...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Qu’il est loin le temps du surbooking…

Si la trajectoire de retour des capacités en Chine a pu alimenter l’espoir, nous anticipons une reprise une nouvelle fois décalée dans le temps avec une chute du trafic de 60% en 2020 et un rebond limité à 40% en 2021. Les multiples relativement élevés rendent les titres vulnérables à d’éventuelles déceptions ce qui nous pousse à être sélectif. Nous privilégions les valeurs défense comme Thales et Leonardo. Airbus est notre seule recommandation positive sur le civil. Dans l’aérie...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Overbooking now seems like a distant memory...

While the trajectory of the return of capacity in China may have kindled hope, we anticipate a further postponement of the recovery, with a 60% fall in traffic in 2020 and a rebound of just 40% in 2021. The relatively high multiples make the stocks vulnerable to potential disappointments, which leads us to be selective. We prefer defence stocks such as Thales and Leonardo. Airbus is our only positive recommendation in the civil aerospace segment. In the airline segment, we confir...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Overbooking now seems like a distant memory...

While the trajectory of the return of capacity in China may have kindled hope, we anticipate a further postponement of the recovery, with a 60% fall in traffic in 2020 and a rebound of just 40% in 2021. The relatively high multiples make the stocks vulnerable to potential disappointments, which leads us to be selective. We prefer defence stocks such as Thales and Leonardo. Airbus is our only positive recommendation in the civil aerospace segment. In the airline segment, we confir...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Qu’il est loin le temps du surbooking…

Si la trajectoire de retour des capacités en Chine a pu alimenter l’espoir, nous anticipons une reprise une nouvelle fois décalée dans le temps avec une chute du trafic de 60% en 2020 et un rebond limité à 40% en 2021. Les multiples relativement élevés rendent les titres vulnérables à d’éventuelles déceptions ce qui nous pousse à être sélectif. Nous privilégions les valeurs défense comme Thales et Leonardo. Airbus est notre seule recommandation positive sur le civil. Dans l’aérie...

Stephane Houri

Accor : Digitisation post-COVID: what consequences for our sectors and stocks?

This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. - >Accelerated digitisation, no turning back - The COVID-19 crisis will without a doubt accelerate use of digital in society in general. The effectiveness of teleworking has...

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Emira Sagaama
  • Fatma Ayachi
  • Jean-François Granjon
  • Jeremy Garnier
  • Martial Descoutures
  • Nicolas Thorez
  • Olfa Taamallah
  • Oussema Denguir
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 04/01/2020

We simulated the impact of COVID-19 on companies in our universe of coverage from an operating viewpoint. Setting target prices is a risky business amid uncertainty and very rapid movements in the financial markets, reacting more to political/sanitary news flow than to corporate disclosures. However, we tried to include the increase in the perceived risk premium and the change in aggregates in our valuations. As the current crisis is set to have radically different impacts on the twen...

Alain William ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Emira Sagaama
  • Fatma Ayachi
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Olfa Taamallah
  • Roland Pfaender,MBA,CFA,CCRA
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/01/2020

We simulated the impact of COVID-19 on companies in our universe of coverage from an operating viewpoint. Setting target prices is a risky business amid uncertainty and very rapid movements in the financial markets, reacting more to political/sanitary news flow than to corporate disclosures. However, we tried to include the increase in the perceived risk premium and the change in aggregates in our valuations. As the current crisis is set to have radically different impacts on the twen...

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Emira Sagaama
  • Fatma Ayachi
  • Jean-François Granjon
  • Jeremy Garnier
  • Martial Descoutures
  • Nicolas Thorez
  • Olfa Taamallah
  • Oussema Denguir
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 01/04/2020

Nous avons simulé l’impact du COVID-19 sur les sociétés de notre coverage d’un point de vue opérationnel. La détermination d’objectifs de cours est plus hasardeuse dans ce contexte d’incertitude et de mouvements très rapides des marchés financiers, réagissant davantage à un newsfow politique/sanitaire qu’aux communications des sociétés. Nous avons toutefois intégré l’augmentation de la prime de risque perçue et la modification des agrégats dans nos valorisations. Cette crise ayant des...

Alain William ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Emira Sagaama
  • Fatma Ayachi
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Olfa Taamallah
  • Roland Pfaender,MBA,CFA,CCRA
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/04/2020

Nous avons simulé l’impact du COVID-19 sur les sociétés de notre coverage d’un point de vue opérationnel. La détermination d’objectifs de cours est plus hasardeuse dans ce contexte d’incertitude et de mouvements très rapides des marchés financiers, réagissant davantage à un newsfow politique/sanitaire qu’aux communications des sociétés. Nous avons toutefois intégré l’augmentation de la prime de risque perçue et la modification des agrégats dans nos valorisations. Cette crise ayant des...

Antoine Boivin-Champeaux ...
  • Florent Laroche-Joubert
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 06/11/2019

Following our ODDO BHF Nextcap Forum, 44 French and German companies met close to 100 investors in Paris. In the complex small caps market (outflows, limited liquidity, persistently high valuations) and in a more uncertain macroeconomic environment, selectivity is paramount and a number of opportunities are taking shape. We compile 35 feedback articles in the present document, which give rise to six target price revisions: i/ three upward (Esker, ECA, Groupe Gorge), and ii/ three down...

Thanks to a better fundamental star rating, ROLLS-ROYCE HOLDINGS PLC sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to ROLLS-ROYCE HOLDINGS PLC (GB), active in the Aerospace & Defense industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date June 30, 2020, the closing price was GBp 285.40 and its expected value was estimated at GBp 315.87.

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 week...

Expert Corporate Governance Service (ECGS)

Rolls-Royce Holdings – AGM 7 May 2020

Item 3: Remuneration report   During the year, Rolls Royce faced unprecedented challenges with its Trent 1000 engine resulting in an exceptional charge of £1.4bn. Its total cost is estimated at £2.4bn for 2017-2023 compared to the group's capitalisation of £6.5bn. Since 2018, net losses have pushed the Company's shareholder equity into negative territory (-£3.38bn). The credit agencies degraded its credit rating to a negative outlook. We have a serious question about the appropriateness to pay any bonus in light of the group's results. Despite the good cash generation, bonus main measure, we...

Expert Corporate Governance Service (ECGS)

Rolls-Royce Holdings – EGM 7 May 2020

Item 1: Amend Articles of Association  The Company holds a General Meeting immediately after the conclusion of the AGM to approve an increase of the Companyns borrowing limits and refreshes the related language that is currently set out in the Articles of Association.  The proposed maximum of £12bn currently corresponds to 2 times the Rolls Royce market capitalisation. With the last year FCF level, it would take 13 years to reimburse it. As a reminder, since 2018 Rolls Royce has reported losses (£3.7bn in total) which switched the shareholder equity to negative. At the end of FY2019, it stoo...

Expert Corporate Governance Service (ECGS)

Rolls-Royce Holdings - AGM 02 May 2019

Item 2: Approve the Remuneration Report The remuneration structure is unsatisfactory given the potential maximum size of the annual bonus and of total incentive pay.  Total pay was at a similar level to the previous year ( £4.48M ) indicating that the new remuneration policy has resulted in a significant increase in pay (approximately 30%) and the STI has resulted in a bonus paid at 60% of base salary despite the company having made a loss for the year.  We recommend shareholders oppose.      

Rolls Royce – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch