Report
Pierre Tegner

Danone : Résultats supérieurs aux attentes et objectifs 2023 rassurants

>Réaction attendue - Surperformance maintenue avec un OC de 64 € qui implique un PER23e légèrement inférieur à 18x (14.6x au cours actuel), soit un niveau similaire à Unilever (Surperformance, OC : 58 €) qui est également un hybride pour lequel les espoirs de recentrage se renforcent.Les résultats 2022 supérieurs aux attentes avec un BPA dilué courant 2%> au consensus ainsi que la très bonne surprise sur le FCF devrait soutenir une réaction positive du titre...
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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