Report
Steven Gould

Rothschild & Co : “Déconfiner” la valorisation

>Les incertitudes immédiates masquent des perspectives positives - Les RS virtuels avec le management (Mr Pérol) confirment notre appréciation : la baisse de résultats 2020 est actée même si elle reste difficile à quantifier. Il faut se projeter au-delà. Nous estimons que les achats de titres actuels de la famille se placent dans une optique similaire. Le titre affiche un PE 2021 de seulement 6.1x et 5.8x pour 2022 contre 8.5x et 6.5x respectivement pour le secteur ba...
Underlying
Rothschild & Co. SCA

Rothschild & Co SCA is a holding company. Through its subsidiaries, Co. is engaged in banking activities and private equity. Co.'s banking activities include Investment Banking which comprises advisory services for mergers and acquisitions, advisory services for finance and restructuring, the primary equity capital market and the private placement of loans and shares; Corporate banking which comprises direct loans and structuring of financing packages; Private banking which comprises trust services, asset management and strategic planning; and Merchant Banking. Co.'s private equity activities involve investing in essentially medium-sized French companies, alongside a financial partner.

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
Steven Gould

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