Report
Steven Gould

Rothschild & Co : Lift the lockdown on the valuation

>Immediate uncertainty masking positive outlook - The virtual road shows with management (Mr Pérol) confirm our take on the situation - there will officially be a decline in the 2020 results even though it is difficult to quantify. We need to look beyond this time. And we think the current share purchases by the family is a sign that they too are looking further than 2020. The stock is trading at 2021 P/E of just 6.1x and 5.8x for 2022 vs 8.5x and 6.5x respectively fo...
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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