Report
Jeremy Garnier

Delfingen : A key player in on-board network protection

A leader in solutions for the protection of on-board electric and fluid networks, the family-owned group Delfingen has tripled in size in the last decade thanks to strong growth on its markets and well-integrated acquisitions. 2024 should be a transition year with calmer top-line momentum and an emphasis on an improvement in margins and cash generation before a resumption in M&A in the medium term. Our valuation (DCF and peers) stands at € 54 per share, i.e. upside of 40%. With ...
Underlying
Delfingen Industry SA

Delfingen Industry is a holding company. Through its subsidiaries, Co. is engaged in the manufacture and distribution of protected, insulated electric cabling for use in land, sea and air based vehicles. Co. has developed applications for other markets that can be classified into five groups: Construction industry- tube sheathing for sanitary hydro-cabling; Sanitary equipment- water evacuation products; Household appliances- protection of electric functions, machine joints, drain pipes, etc.; Industry- technical protection solutions for electric cables (transformers, cabinets, etc.), Miscellaneous- protection items for industries as varied as the naval, furniture and gardening industry, etc.

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
Jeremy Garnier

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