Report
Pierre Tegner

Danone : T3 à -2.5% en lfl. Beaucoup d’annonces. A prendre avec prudence

>La faiblesse de la valorisation n’est pas une protection - Alléger maintenu avec un OC de 50 €. Le titre affiche des niveaux de valorisation très faibles (PE 21e : 14x et VE/EBITDA21e : 10x), mais le titre peut continuer de subir un derating dans ce contexte d’hyper polarisation des valorisations qui s’amplifie dans le secteur du Food HPC (USA et Europe) depuis janvier 2018. Fondamentalement, le cours actuel valorise les Capitaux Investis au-dessus de la création de ...
Underlying
Danone SA

Danone is engaged in activities in the global food and beverages industry. Co. operates in four markets: Fresh Dairy Products (Co. produces and sells yogurts, fermented dairy products and other fresh dairy products); Waters (Co. produces and sells natural waters as well as flavored and vitamin-enriched waters products); Early Life Nutrition (Co. produces baby formula, milk-and fruit-based desserts, cereals, small pots of baby food and ready-made baby food); and Medical Nutrition (Co. develops adult and pediatric clinical nutrition products to be taken orally, or through a catheter in the event of malnutrition related to illness or other causes).

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
Pierre Tegner

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