Le futur s’annonce radieux - ACHAT, OC 80€
La journée investisseurs vendredi a été l’occasion de démontrer une nouvelle fois les nombreuses opportunités de croissance, dans le cadre du plan 2014-19 mais également à beaucoup plus long terme. Dassault Systèmes nous semble en effet en mesure de tirer profit de nombreuses thématiques structurelles comme la voiture connectée, l’impression 3D, les « smart cities », le « Big Data ». Si nous avons conscience de la valorisation actuelle très exigeante (EV/EBIT 2016 de 16,6x, PE de 28,4x), nous continuons de considérer Dassault Systèmes comme un véhicule d’investissement unique dans l’univers du software européen et réitérons notre opinion ACHAT, ainsi que notre objectif de 80€ (+17%) qui n’intègre que partiellement les perspectives MT/LT.Dassault Systemes provides software products & consulting services. Co.'s software applications allow businesses to digitally define, simulate products, the processes & resources required to manufacture, maintain & recycle them. Co. also provides services, principally to large customers. These services comprise mainly consulting services in methodology for design, deployment & support, training services & engineering services. Co.'s activities can be divided into two segments: the PLM market supports product development, production, maintenance & lifecycle management; & the Mainstream 3D market, which is primarily focused on product design.
Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.
Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.
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