2016, l’année du décollage - ACHAT - OC 8€ (vs 7,8€)
Avec un EBITA meilleur qu’attendu, mais des coûts non récurrents importants qui viennent impacter l’EBIT, les résultats 2015 sont en demi teinte. Cependant, les acquisitions réalisées début 2016 ont modifié le profil du groupe qui devient un fournisseur de solutions de stockage d’électricité clé en main. En ce début d’année, le marché off-grid apparaît comme étant celui avec le potentiel le plus élevé et EPS est maintenant prêt à en profiter pleinement, comme le montre les premières installations réalisées et le carnet de commandes qui a doublé sur un an. Ainsi, nous relevons nos prévisions 2016-18 sur ce segment. Notre nouvelle valorisation ressort à 8€ (vs 7,8€) malgré la hausse de la prime de marché. Nous réitérons notre recommandation d’ACHAT en ayant la confirmation que l’année 2016 sera bien l’année du décollage.Engie Eps SA, formerly know as Electro Power Systems, is a France-based technology company. It focuses on energy storage systems and microgrids towards renewable sources and decentralized energy production. The Company owns a portfolio of hybrid energy storage systems (HyESS) offering fully integrated storage solutions for a wide range of applications, such as grid support and distributed energy solutions, microgrids and storage technologies, among others. The Company's technology is a spin-off of the Turin and Milan Polytechnics, is protected by 130 patents, registered in 33 countries worldwide and over 500 registered industrial secrets.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.