Report
Anthony Dick ...
  • Michael Foundoukidis

Faurecia : A re-rating after the spin-off would be richly deserved

>Spin-off taking a toll in short term but underpinning fundamental appeal - In the wake of the 2020 earnings release and the presentation of Faurecia’s medium-term outlook, we maintain our Outperform rating on the stock and have raised our target price to € 60 vs € 50 (estimates, multiples). We are now more confident the group’s recovery remains undervalued and that the improvement in its operational and financial profile will trigger a significant re-rating. In the ...
Underlying
Faurecia SA

Faurecia is an automobile equipment supplier based in France. Co.'s activities can be divided into four business units: Automotive Seating (design of vehicle seats, manufacture of seating frames and adjustment mechanisms, and assembly of complete seating units); Emissions Control Technologies (design and manufacture of exhaust systems); Interior Systems (design and manufacture of instrument panels, door panels and modules, and acoustic components); and Automotive Exteriors (design and manufacture of front ends and safety modules). Some of Co.'s customers are PSA Peugeot Citroen, VW Group, Renault-Nissan, Ford Group, BMW and GM Group.

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
Anthony Dick

Michael Foundoukidis

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