AlphaValue Corporate Services

AlphaValue Corporate Services capitalise on the research and credit analysis expertise deployed by AlphaValue with major institutional investors at European level over the past nine years. The proprietary tools and processes enabling AlphaValue Corporate Services to establish a valuation and/or a credit risk assessment are identical to those used by AlphaValue to the benefit of its institutional clients. The only difference is the recognition that a company evaluation cannot be dissociated from the fact that the latter is paying for the service (AlphaValue Corporate Services), as opposed to the investor footing the bill (AlphaValue). AlphaValue’s research tools are characterised by the transparency of the valuation methodologies, their responsiveness to market data and by nine years’ experience of a universe numbering more than 450 European companies. Through its coverage and sector exhaustiveness, AlphaValue ranks alongside the major research houses in Europe and constitutes the only new entrant to the European space in the past decade. This significant presence is reflected in an unrivalled distribution capability via platforms commonly adopted by investors to access research: Factset, Bloomberg, Capital IQ and the numerous websites. AlphaValue is one the largest research contributors to these platforms, to the benefit of AlphaValue Corporate Services issuer clients.  The AlphaValue Corporate Services analysts are AlphaValue’s sector specialists. Their robust knowledge of the business models in their sectors enables the rapid generation of incisive, relevant research and advantageous interaction with the management teams.

Alexandre DESPREZ
  • Alexandre DESPREZ

Drone Volt on the move

Drone Volt on the move EARNINGS/SALES RELEASES Drone Volt unveiled outstanding results, widely beating its Q1 23 guidance provided two months ago and maintaining its objective of increasing its gross margin and the recurrence. FACT • Sales increased by almost 5x to €8.9m (Q1 23: €1.6m) thanks to the completion of the big distribution contract notably (which was not initiated in the Q1 23) and new orders, smashing the company’s goal to at least double the sales compared to last year. • The g...

Fabrice Farigoule
  • Fabrice Farigoule

Patience is a virtue… hopefully

Patience is a virtue… hopefully EARNINGS/SALES RELEASES The group took the market by surprise, issuing a press release on the progress made in its US strategy and a (very summarized) set of results for FY23. We mostly see negative points in this release and the hope of Zeneo reaching the US market through an EUA in FY24 have vanished… we will downgrade our numbers after the release of the FY23 detailed results, in particular by postponing the launch of the group’s NTEs. FACT Crossject issued...

Sylvain Perret
  • Sylvain Perret

An all-weather model supported by crypto tailwinds (Swissquote Group H...

An all-weather model supported by crypto tailwinds NAV CHANGE CHANGE IN TARGET PRICE CHF 286 vs 277 +3.29% The slight upward change in our target price on Swissquote mostly reflects the increase in Swissquote’s projected dividend yield and our NAV upgrade. The former is based on the management’s decision to upgrade its dividend policy to a 30% fixed dividend pay-out ratio target instead of a dividend growth policy from 2023. This decision has resulted in a considerable increase to our divide...

Alexandre DESPREZ
  • Alexandre DESPREZ

Drone Volt ready for new growth phase

Drone Volt ready for new growth phase EARNINGS/SALES RELEASES Drone Volt announced yesterday its audited FY23 figures, confirming an improvement in profitability despite experiencing several external headwinds. FACT Sales had already been announced at €23.993m, a 75% increase compared to last year. The gross margin was revised slightly upwards to €3.673m, increasing by 27% compared to last year and above the previous estimate of €3.394m EBIT also improved substantially from €-22.039m to €-5....

Saïma Hussain
  • Saïma Hussain

FY23: IDI rewards its shareholders

FY23: IDI rewards its shareholders EARNINGS/SALES RELEASES After 2 successive years of solid results, IDI delivered another set of impressive earnings in FY-23, marked by an 11% increase in NAV. The positive developments were driven by the robust operating performance of the Private Equity Europe portfolio and brilliant divestments in spite of the unfavourable environment. IDI is spoiling its shareholders with a dividend of €5 per share (incl. €2.25 extraordinary) and confirms that it is uniqu...

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