Schoeller Bleckmann : Backlog back to 2007 highs
>Outperform, target price of € 88 - Following the earnings release and conference call, we maintain our 2023-2025e EBITDA sequence, with international momentum set to continue in the next few quarters. Schoeller Bleckmann boasts a unique positioning in our sample of stocks and a business model that has demonstrated its resilience in the past. The stock remains attractively valued at an EV/EBITDA 2024e of 5x for a yield in excess of 5%. We maintain our Outpe...Schoeller-Bleckmann Oilfield Equipment is engaged as a producer of high precision components and a supplier of oilfield equipment for the oilfield service industry. Co. focuses on non-magnetic drillstring components (non-magnetic drill collars) and downhole tools for drilling and completing directional and horizontal wells. The High Precision Components segment consists of the manufacturing of MWD (Measuring While Drilling) and LWD (Logging While Drilling) precision drillstring components. The Oilfield Equipment segment comprises production and distribution of non-magnetic drill collars, drilling motors and tools for downhole circulation applications, repair and maintenance services.
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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