Report

Plastic Omnium : Un émetteur rassurant dans le contexte actuel mais un risque de M&A

L’obligation POMFP 2024 offre un rendement de 2.3%, correspondant à celui d’une émission sur 5 ans notée entre BB+ (1.82%) et BB (2.54%), selon notre matrice de rendements, un niveau qui nous semble excessif comparé à la qualité de crédit de la société et se justifie par son absence de notation et son secteur automobile. En comparaison, Valeo 2024 (Baa2 négatif, BBB négatif) offre ainsi un rendement de 1.3% et Faurecia 2025 (Ba1/BB+), de 2.9%. En dépit de cette prime et du positi...
Underlying
Plastic Omnium SE

Compagnie Plastic Omnium is a manufacturing and services company which partners with car manufacturers and local communities, through its two core businesses which are Automotive Equipment and Environment. Co.'s activities can be divided into two divisions: the Automotive division and the Environment division. The Automotive division designs, manufactures and sells vehicle body parts (exterior parts and modules) and plastic fuel systems. The Environment division provides products and services for local authorities, including waste pre-collection and management equipment and services, and road and highway signage.

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.

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