Report
Thibault Leneeuw

TKH Group Time to pull the trigger

In this note we treat and value each segment of TKH individually. For each segment we provide market and company specific insights, followed by different valuation methods. These methods combined with a variety of sensitivity tables enable the reader to generate a first impression of the value behind TKH. Our valuation is based on the summation of the individual DCF's with a discount of 10%, resulting in our target price of € 56.5 reiterating our buy rating.
Underlying
TKH Group N.V. Cert

TKH Group creates and supplies Telecom, Building and Industrial Solutions. Telecom Solutions develops, produces and supplies systems ranging from outdoor infrastructure for telecom and CATV networks through to indoor home networking applications. Building Solutions develops, produces and supplies solutions in the field of electro-technology ranging from applications within buildings through to technical systems that - combined with software - provide solutions for the care and security sectors. Industrial Solutions develops, produces and supplies solutions ranging from specialty cable, "plug and play" cable systems through to integrated systems for the production of car and truck tires.

Provider
KBC Securities
KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

 

Analysts
Thibault Leneeuw

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