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Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

Phoenix group : Forte génération de cash-flow et hausse du dividende

>Une génération de CF élevée bénéficiant d’importantes synergies - Phoenix Group a publié hier son RN 2021. La génération de cash-flow du groupe a été de 1 717 M£ en 2021 (+0.2%), supérieure aux attentes (consensus 1 610 M£, notre prévision 1 606 M£) et à la guidance du groupe (1.5/1.6 Md£) sachant qu’il prévoyait une génération de CF dans le haut de cette fourchette cible initiale. La génération de CF a notamment bénéficié de 400 M£ de synergies d’intégration. Phoen...
Underlying
Phoenix Group Holdings plc

Phoenix Group Holdings is a closed life and pension fund consolidator. Co. manages manage life insurance funds which no longer actively sell new life or pension policies and which run-off gradually over time. Co. has one reportable segment, comprising its investment in and loans to/from Co.'s entities. Its revenue principally comprises the dividend and interest income derived from these investments and loans. As of Dec 31 2014, Co. had approximately 5.0 million policyholders and about £52.30 billion of total life company assets.

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
Benoit Valleaux

Roland Pfaender,MBA,CFA,CCRA

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