Ubisoft Entertainment S.A.

Ubisoft Entertainment is an international independent developer, publisher & distributor of video games. Co. centers its business activities on developing, publishing & distributing video games for portable & home consoles, the PC, smartphones & tablets in both physical & online formats: high-definition with games for Xbox 360, PlayStation®3 & PC; casual with games for Nintendo®, KINECT & PlayStation®3 Move; and online for on-line games. Co.'s catalogue includes various types of games: Action/Adventure, Shooters, Sports, Strategy, Simulation, TV and Movie licenses, Games for everyone and Driving. Co.'s trademarks include Assassin's Creed®, Rainbow Six® Vegas 2, and Rayman Raving Rabids®.
  • TickerUBI
  • ISINFR0000054470
  • ExchangeEuronext Paris
  • SectorLeisure Goods
  • CountryFrance

Analysts

Emmanuel Matot ...
  • Jean-François Granjon

ODDO : COVID-19: many seriously ill, few asymptomatic

A sector hard hit by COVID-19, with EPS estimates slashed by 35% and target prices by >25%; many high-risk stocks (e.g. Haulotte, Manitou, Exel Industries …) and few safe profiles (e.g. Albioma, Rubis and GTT). - >Serious problems ahead, at least in the short term - Almost all of our mid cap companies with an industrial focus are set to be badly hurt in the short term by the global coronavirus outbreak, especially if the health crisis is followed by severe economic re...

Emmanuel Matot ...
  • Jean-François Granjon

ODDO : COVID-19 : beaucoup de malades graves et peu d’asymptomatiques

Un secteur très impacté par COVID-19 avec une révision en baisse de ~35% des BPA et >25% de nos OC – De nombreux dossiers à risque élevé (Haulotte, Manitou, Exel Industries…) et rares sont les profils assez safe (Albioma, Rubis, GTT). - >Des sociétés face à de graves problèmes, du moins à court terme - La quasi-totalité de nos sociétés Midcap à connotation industrielle vont être lourdement touchées à court terme par la crise sanitaire mondiale du Coronavirus surtout si...

Wedbush Research

Wedbush Morning Call - Apr 02 2020 6:27AM

Matthew Breda ...
  • Michael Pachter
  • Nick McKay

April 2020 Video Game Industry Monthly

UBISOFT ENTERTAINMENT SA reduced its risk exposure resulting in an upgrade to Slightly Positive

UBISOFT ENTERTAINMENT SA (FR), a company active in the Software industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date March 17, 2020, the closing price was EUR 64.72 and its potential was estimated at EUR 80.56.

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Sector Synopsis

Int'l Equity Strategy Global equities were on a tear in early January, continuing the trend that began in 4Q2019. As global equities started to get extended, the coronavirus outbreak hit in mid-January, leading to some market setbacks and deterioration in market indicators as global growth expectations were dialed-in. Despite this deterioration, what was important to us was that there were not any breakdowns. Even the areas of the market most-directly affected by the outbreak -- China (MSCI China) and EM (MSCI EM) -- were not breaking down. To us, this was a reassuring sign of underlying stre...

Matthieu DRIOL

Analyse court terme - UBISOFT : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 76,26 €, puis 72,23 €. Le franchissement de 107,90 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - UBISOFT : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €76.26, then €72.23. Passing €107.90 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - UBISOFT : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 76,26 €, puis 72,23 €. Le franchissement de 107,90 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - UBISOFT : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €76.26, then €72.23. Passing €107.90 would question the continuation of the fall.

Emmanuel Matot ...
  • Jean-François Granjon

ODDO : COVID-19: many seriously ill, few asymptomatic

A sector hard hit by COVID-19, with EPS estimates slashed by 35% and target prices by >25%; many high-risk stocks (e.g. Haulotte, Manitou, Exel Industries …) and few safe profiles (e.g. Albioma, Rubis and GTT). - >Serious problems ahead, at least in the short term - Almost all of our mid cap companies with an industrial focus are set to be badly hurt in the short term by the global coronavirus outbreak, especially if the health crisis is followed by severe economic re...

Emmanuel Matot ...
  • Jean-François Granjon

ODDO : COVID-19 : beaucoup de malades graves et peu d’asymptomatiques

Un secteur très impacté par COVID-19 avec une révision en baisse de ~35% des BPA et >25% de nos OC – De nombreux dossiers à risque élevé (Haulotte, Manitou, Exel Industries…) et rares sont les profils assez safe (Albioma, Rubis, GTT). - >Des sociétés face à de graves problèmes, du moins à court terme - La quasi-totalité de nos sociétés Midcap à connotation industrielle vont être lourdement touchées à court terme par la crise sanitaire mondiale du Coronavirus surtout si...

Wedbush Research

Wedbush Morning Call - Apr 02 2020 6:27AM

Matthew Breda ...
  • Michael Pachter
  • Nick McKay

April 2020 Video Game Industry Monthly

UBISOFT ENTERTAINMENT SA reduced its risk exposure resulting in an upgrade to Slightly Positive

UBISOFT ENTERTAINMENT SA (FR), a company active in the Software industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date March 17, 2020, the closing price was EUR 64.72 and its potential was estimated at EUR 80.56.

Joan Sehim

UBISOFT- 1Q18/19 results

Ubisoft, the world’s No. 3 video games publisher, last night released 1Q18/19 sales results. Net bookings came in at €381.5m (+89% reported, +96% at cc), outstripping management’s initial guidance of €350m.

Joan Sehim

UBISOFT - RATING REPORT

Our rating is supported by Ubisoft’ strong position as the world’s No. 3 video games publisher, just behind Activision-Blizzard and Electronic Arts. It enjoys very promising industry fundamentals with a sharp rise in the global player base generated by new technologies as well as the dawning of emerging mar-kets and occasional players.

Marnik Hinnekens

Morning CreditUpdate 16/01/2018 - CGG / Ubisoft

CGG     CA 2017 et prévision d’EBITDA Ubisoft     Nouvelle émission à venir de maturité 5A Fiat Chrysler Automobiles (Achat) prévoit de scinder Magneti Marelli Renault (Conserver) affiche une hausse des volumes de vente en 2017 de +8,5% Petrobras (Conserver) a finalisé le transfert de 2 participations à Total (Achat) Metro (Conserver) enregistre au cours du T1 2017-18 un CA en croissance organique de +0,8%  

Alain William ...
  • Alfred Glaser
  • Anis Zgaya
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • Georges Dieng
  • Haris Ladouari
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/07/2020

The coronavirus epidemic added to an already uncertain economic/geopolitical outlook is prompting us to play late-cycle commodities/stocks. We are upgrading AngloAmerican to Buy (vs Neutral) for its exposure to platinoids, diamonds and thermal coal. We are downgrading BHP to Reduce (vs Neutral) for its exposure to iron ore and oil, which are more sensitive to macroeconomics. We maintain our Buy on Eramet, which will benefit from the upturn in manganese and nickel prices. - ...

Alain William ...
  • Alfred Glaser
  • Anis Zgaya
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • Georges Dieng
  • Haris Ladouari
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/02/2020

L'épidémie de coronavirus ajoutée à des perspectives économiques/géopolitiques déjà incertaines nous incitent à jouer les commodités/valeurs "late cycle". Nous relevons AngloAmerican à Achat (vs Neutre) pour son exposition aux platinoïdes, diamants et charbon thermique. Nous dégradons BHP à Alléger (vs Neutre) très exposé au minerai de fer et au pétrole, plus sensibles à la macroéconomie. Nous demeurons à l’Achat sur Eramet qui profitera de la remontée des prix du manganèse et du nick...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard, CFA
  • Martial Descoutures
  • Oussema Denguir
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/31/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard, CFA
  • Martial Descoutures
  • Oussema Denguir
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 31/10/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/25/2019

...

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)

Ubisoft, 02 July 2019

ITEM 5: The Company’s disclosure on its Chairman and CEO's annual bonus is one of the best in the SBF120 as it not only clearly discloses targets that need to be achieved in 2018-2019, but also targets that will have to be achieved in 2019-2020. In addition, amounts are acceptable and structure is quite similar to our recommendations. Thus, we support item 5 ITEM 6: Changes proposed for the 2019-2020 Chairman and CEO’s remuneration policy are a 3%-increase of the fixed remuneration and the addition of a CSR criterion to the annual bonus. The 3%-increase of the fixed remuneration increases all...

Jehanne Leroy

Ubisoft, 2 juillet 2019

RémunérationsLa communication de la société sur le bonus attribué à son PDG fait partie des meilleures du SBF120, et nous l’en félicitons, puisqu’elle permet une compréhension parfaite des montants attribués. Par ailleurs, on appréciera que la majeure partie de la rémunération variable soit de long-terme. On regrettera que la société ne communique pas l’objectif d’EBIT cumulé à atteindre pour la rémunération long-terme. Concernant la politique de rémunération pour l’exercice 2019/2020, la société propose une augmentation de 3% du fixe du PDG et l’ajout d’un critère RSE (protection des joueurs...

Ubisoft – Proxinvest Corporate Governance Rating ® : A

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...

Jehanne Leroy

Proxy Report 27/06/2018

After 2.5 years of conflict, Vivendi and Ubisoft finally resolved to end it and concluded an agreement on March 20, 2018. Vivendi will sell its entire stake in Ubisoft; the transaction includes an investment by Ontario Teachers, and Tencent, a share buy-back by Ubisoft, an acquisition of shares by Guillemot Brothers SE and an Accelerated Bookbuilding with institutional investors). Moreover, Vivendi has committed not to acquire any shares in Ubisoft for 5 years. ITEMS 5 to 11: The company's disclosure on its Chairman and CEO's annual bonus is one of the best in the SBF120 as it not only clearl...

Jehanne Leroy

Proxy Report 27/06/2018

Proxinvest attire l'attention des actionnaires sur les points suivants ; - Après 2,5 ans de conflit, Vivendi et Ubisoft sont parvenus, le 20 mars 2018, a un accord résultant en la cession par Vivendi de la totalité de sa détention dans Ubisoft (via l’entrée au capital d’Ubisoft d'Ontario Teachers et Tencent, un rachat d'actions par Ubisoft, un rachat par Guillemot Brothers et un placement privé). Par ailleurs, Vivendi s'est engagé à ne pas racheter d'actions Ubisoft pendant 5 ans. Depuis cette annonce, le cours a augmenté de 39%, ce qui semble être un signe clair du marché qui voit d'un bon œ...

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