EssilorLuxottica : The story still offers decent potential
>Target price raised to € 235 to reflect a higher value for growth opportunities and the inclusion of the recently announced acquisitions - Based on the inclusion in our DCF-based valuation of the acquisitions of Supreme and Heidelberg Engineering (due to be finalised before end-2024), the new ODDO BHF market metrics and the update of our calculation of the additional value associated with potential growth opportunities (Stellest ex. China, Nuance), we have raised our...Essilor International (Compagnie Generale d'Optique) designs, manufactures and sells ophthalmic lenses, ophthalmic optical instruments and equipment. Co.'s activities are divided into three segments: Lenses and Optical Instruments (Co. designs, manufactures and customizes corrective lenses such as: Varilux (progressive lenses); anti-reflective, smudge-proof and anti-static lenses (Crizal); Nikon lenses, Transitions variable-tint lenses and Kodak lenses under agreements; polarized lenses (Xperio) and fog-proof lenses (Optifog)), Equipment (Co. produces, distributes and sells equipment and consumables used by prescription laboratories) and Readers (Co. designs and sells reading glasses).
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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