Report
Casino : Still too early to revisit the stock amid hefty debt, despite 2028 strategic plan
Casino unveiled a new 2028 strategic plan at a time when financial resources remain strained. Even if the group were to see its plan through (perfect execution scenario, steady underlying market), the debt burden would still be too heavy to justify a rerating. We believe a new restructuring program and/or capital increase would be needed to slash the group's debt and bring it back into line with market financial standards. We are leaving our target price unchanged at € 0.05 and maintaining our Underperform rating on the stock.
Underlying
CASINO GUICHARD-PERRACHON
Provider
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.
Geoffroy Michalet
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