Report
Pierre Tegner

Pernod Ricard : Precision at scale : soutien de la croissance rentable

>Un PE proche de 20x pour une équation de croissance rentable attractive et régulière - Surperformance maintenue avec un OC de 217 € (DCF et PE cible de 25x). Le CMD nous a confortés dans notre conviction que Pernod Ricard est non seulement positionné sur un marché des spiritueux qui affiche une croissance sous-jacente rentable, pérenne et valorisante mais aussi et surtout que le groupe est en mesure de générer une croissance régulière de son ROC proche de 8%. Ceci e...
Underlying
Pernod Ricard SA

Pernod Ricard produces and distributes wines and spirits. Co. produces aniseed products, vodka, whisky, cognac, rum, gin, liqueurs, champagnes and wines. Co.'s activity is organized around families of products built around brands. Its brands portfolio includes: ABSOLUT vodka, Ricard pastis, Ballantine's, Chivas Regal and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Kahlua and Malibu liqueurs, Mumm and Perrier-Jouet champagnes as well as Jacob's Creek and Brancott Estate wines. Co. is structured into four segments constituted by the following geographic regions: France, Europe (excluding France), Americas, Asia/Rest of the World.

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
Pierre Tegner

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