Report
Antoine Lebourgeois ...
  • Thibault Morel

Basler | Hardware | Machine Vision BUY – TP EUR100 Fully deserves its place in the Hall of Frame

• A WELL ESTABLISHED LEADING MACHINE VISION PLAYER ADDRESSING THE AGEING WORKFORCE ISSUE

• A MACHINE VISION PIONEER THAT SHOULD GAIN EVER MORE MARKET SHARE AND CAPTURE FUTURE INDUSTRY 4.0 USE CASES

• THE WINDFALL OF THE SEMI & ELECTRONICS BOOM SHOULD CONTINUE, DERISKING 21% GROWTH OVER THE COMING YEARS

• PROFITABILITY GUIDANCE OF 9 12% PBT MARGIN AND 12% CONSENSUS EXP ECTATIONS SHOULD BE EASILY BEATEN

• BUY TP EUR100 PRE PROCESSING SOFTWARE LEADERSHIP AND PROMISI NG GROWTH IN INDUSTRY 4.0 USE CASES JUSTIFIES A HIGHER VALUATION
Underlying
Basler AG

Basler develops, manufactures and sells machine vision technology. Co. provides line scan cameras and area scan cameras, as well as network cameras. Co.'s cameras are used in a diverse range of industries. They are used in industrial production applications like electronics and semiconductor inspection, in robotics, food control, postal sorting and in print image control. In the medical sector, Co.'s cameras are used in many different tasks, such as microscopy, ophthalmology, and blood or specimen analysis. Co.'s cameras are also fit optimally for the traffic and transportation sector, as well as for the surveillance sector.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Antoine Lebourgeois

Thibault Morel

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