Rightmove : Solide publication 2021 mais une valorisation peu attractive
>Publication 2021 solide, BPA relevés de ~2% sur 2022/2023e mais une valorisation peu attractive – Opinion Sous-performance réitérée - À la suite de résultats 2021 solides et à une guidance sur la hausse des prix pour 2022 qui dépasse nos attentes (+95-105 £ vs nos attentes à +90 £), nous relevons nos prévisions de BPA sur 2022/2023e de ~2%. Nous réitérons cependant notre opinion Sous-performance et notre OC de 630p sur le titre. Nous pensons en effet qu’à 21x l’EBIT ...Rightmove operates as an online property portal. Co. provides consumers with a place to search and research U.K. property and by providing its customers a place to reach home hunters. Co.'s segments are: The Agency, which provides resale and lettings property advertising services on Co.'s platforms; and The New Homes, which provides property advertising services to new home developers and housing associations on Co.'s platforms. Co.'s customers are primarily estate agents, lettings agents and new homes developers advertising properties for sale and to rent. Co. also provides software, delivering data, market insight and tools that provides insight, analysis and risk assessment tools.
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.
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