Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Naturgy : Un S1 en ligne, une stratégie 2025 axée sur la croissance mais pas sur les dividendes

>Opinion Neutre et OC de 23.0 € maintenus - A l’issue de la publication des performances du S1 2021 ressorties en ligne et de la présentation stratégique 2021-2025 centrée sur le développement des énergies renouvelables et des réseaux, nous maintenons notre opinion Neutre sur le titre et notre objectif de cours de 23.0 € fondé sur une moyenne entre le DCF (22.6 € avec un CMPC de 7.83%, taux croissance à l’infini inchangé de 1.5%), une somme des parties fondée sur une ...
Underlying
Naturgy Energy Group S.A.

Gas Natural SDG is a gas company based in Spain. Co. and its subsidiaries are primarily engaged in the supply, transportation, distribution and commercialization of piped natural gas, as well as the activities involving exploration and developing, supply, regasification, liquefaction and storage of natural gas, and the generation and commercialization of electricity. Co. operates mainly in Spain and also outside of Spain, especially in Latin America, Puerto Rico, Italy, France and Africa (through Maghreb-Europe gas pipeline and integrated LNG projects in Algeria).

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
Louis Boujard, CFA

Philippe Ourpatian

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