Report
Emmanuel Matot ...
  • Stephane Houri

Adyen NV : Little chance of a decline in the share price after Wirecard, now EPI and soon Ebay...Neutral vs Reduce

>Two recent events upset our investment case - Over recent weeks we have lived events that have at the very least pushed back our negative investment case. Indeed,1/ the disappearance of Wirecard has generated a real business opportunity to recuperate clients, but also from a stock market viewpoint this collapse has removed an alternative for investors looking to play growth in the online payment sector (Adyen remains the only pure player in Europe), 2/ our analysis ...
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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