Report
Emmanuel Matot ...
  • Stephane Houri

Adyen NV : La forte croissance n’est pas gratuite

>Suite aux résultats S2 2019 en ligne, nous maintenons globalement nos prévisions et notre opinion Alléger - Suite à la publication de résultats S2 2019 globalement en ligne avec attentes (lien), nous maintenons notre opinion Alléger, ainsi que notre OC de 620 € (potentiel de baisse de 20%). Après cette publication, le débat bull/bear va continuer. Adyen dispose d’une formidable trajectoire de croissance. Mais 1/ cette valorisation à 55x l’EBITDA est un contexte où l'...
Underlying
Adyen NV

Adyen NV, formerly Adyen BV, is provider of mobile, online and point-of-sale (POS) payment solutions based in the Netherlands. It operates an online platform enabling merchants to accept payments internationally and from all sales channels, such as online shops, mobile payments from applications and Websites, and POS, such as countertops, mobile terminals, tablets and cash registers, among others. The platform covers the entire payment chain, including technical, contractual, reconciliation and settlement processes. The platform is available in the form of ready-to-use payment pages (HPP), application programming interface (API), and client-side encryption solution (EE). The Company's customers include Mango, KLM, Netflix, Superdry, Uber, Groupon and Crocs, among others. It has offices in the Netherlands, the United Kingdom, France, Germany, Belgium, Brazil, China, Australia, Mexico, Singapore, Spain, Sweden and the United States.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Emmanuel Matot

Stephane Houri

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