Report
Steven Gould

Rothschild & Co : Modest valuation relative to management’s reasoned confidence

>Conclusion – still a low valuation vs favourable trends - We organised a virtual roadshow with Mark Crump (CFO & COO) and Robert Leitao (Managing Partner in charge of Global Advisory). These meetings provided no major quantitative news. That said, they lent weight to a more positive view of the advisory business, both for M&A and debt restructuring.In terms of the 2022 P/E, Rothschild & Co's discount to the US proxies stands at around 30% by our estimates, which...
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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