Report
Geoffroy Michalet

Peugeot Invest : H1 2022 NAV: down -17% at € 192 per share. Rating and TP unchanged

>NAV down -17% at € 192 per share - For H1, Peugeot Invest reported an NAV of € 192 per share, down -17% vs end-2021 (€ 235).The listed portion of the NAV, the main one in value terms (€ 2.9bn), fell by -32% in H1, as a result of the performance by Stellantis (-29%) which accounts for 35% of the NAV. The other stakes are also trending downwards. The group has sold a fleet of 13 vessels, for an undisclosed amount, after nine years of partnerships with LDA. T...
Underlying
FFP
FFP

Societe Fonciere, Financiere ACT is an investment holding company which acts as a long-term investor and an active shareholder. As of Dec 31 2010, Co. held 22.1% of the share capital of PSA Peugeot Citroen. Co. usually purchases minority stakes in companies with a large family shareholding. Co. has a portfolio of private equity funds which operate mainly in Europe and countries with emerging economies. Co. also operates a financial investment and cash management business, as well as a real estate and wine-producing businesses.

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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