Report
Geoffroy Michalet

Eurazeo : NAV/balance sheet stable, unsurprisingly. Total discount of c. 30% by our estimates

>A soft first quarter, but not necessarily a reflection of the rest of the year - To recap, in quarterly releases, Eurazeo does not evaluate its unlisted portfolio and does not hold any listed firms. As such, unsurprisingly, Eurazeo reported a balance sheet NAV of € 109.9 a share for Q1 2024, very close to the level at end-2023 at € 109.6.Overall AuM came in at € 34.8bn, up 8% over 12 months and stable on the quarter. AuM for third parties thus came in 9% higher ...
Underlying
Eurazeo SA

Eurazeo is a listed investment company in Europe. Co. invests in French or other European companies in which it can exercise influence. Co. divides its operaion in five divisions: Holding company, Eurazeo Capital, Eurazeo PME, Eurazeo Croissance, and Eurazeo Patrimoine. Holding company focuses on investment in non-consolidated fund business; Eurazeo Capital invests in companies valued over Euro150,000,000 to Euro200,000,000; Eurazeo PME invests in enterprises valued at less than Euro150,000,000 to Euro200,000,000; Eurazeo Croissance targets companies with high growth potential in promising markets; and Eurazeo Patrimoine groups Co.'s real estate asset management and investment activities.

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
Geoffroy Michalet

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