Report
Jerôme Bodin

NRJ Group : Perspectives difficiles en 2020, valorisation très faible au regard de la génération de cash

>Une valorisation très faible mais une trésorerie trop exédentaire - NRJ Group a tenu hier sa conférence téléphonique suite à ses résultats 2019. Nous réitérons notre opinion Neutre et ajustons notre objectif de cours à 6,5 € contre 8 € précédemment. Cette baisse s’explique par un scénario publicitaire plus prudent et une hausse de la prime de risque utilisée dans notre DCF pour les pôles radios et TV. La valorisation est extrêmement faible actuellement au regard du ...
Underlying
NRJ Group SA

NRJ Group is engaged in the multimedia industry, particularly in France's private radio market. Co. also operates in 22 other countries, as of Dec. 31, 2012. Co. works as a publisher, producer, and brodcaster, while marketing its own media space. Co. also develops new media such as television, internet and mobile telephony. Co.'s core business consists of creating and developing media, whether it be radio stations, television or the Internet. Co.'s operations can be divided into six segments: Musical Media and Events; Television; International Activities; Shows and Other Productions; Broadcasting and Other Activities. Co.'s brands are NRJ, NOSTALGIE, CHERIE FM, RIRE and CHANSONS.

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
Jerôme Bodin

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