Report

Dans l’attente de l’acquisition tant espérée - NEUTRE - OBJECTIF : 21€

Parmi les principaux acteurs des services de paiement en Europe, Worldline est aujourd’hui bien positionné pour bénéficier des changements réglementaires qui devraient engendrer une consolidation du secteur en Europe. Le groupe dispose pour y parvenir d’une capacité d’acquisition pouvant atteindre 3Mds€ en intégrant une composante titres. Dans l’attente de cette opération, nous initions la valeur à NEUTRE avec un objectif de 21€ (-4%), la valorisation actuelle nous semblant élevée au regard de la croissancedes résultatssans acquisition.
Underlying
Worldline SA

Worldline is a financial transaction processing company based in France. Co's operations are organized along three segments covering payments and digital services: Merchant Services & Terminals (facilitating consumer engagement around end-to-end e-payment transactional services on any device – before, during and after the point of sale); eMobility and eTransactional Services (assists businesses and governments in developing new digital services enabling strategic digital transformation); and Financial Processing & Software Licensing (provides processing services to banks and financial institutions for managing card-based and online cashless payments).

Provider
Invest Securities
Invest Securities

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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