Report
Baptiste Lebacq

Schoeller Bleckmann : Montée en puissance confirmée de la dynamique à l’International

>Recommandation Achat OC 108 € (vs 125 €) - Nous maintenons notre recommandation Achat sur le titre avec un objectif de cours ajusté à 108 € (vs 125 €) à la suite de la révision en baisse de notre séquence de BPA de 14% en moyenne sur 2019/2021. Notre méthode de valorisation reste inchangée, à savoir un multiple d’EBITDA 19e de 13.5x. Le ralentissement en Amérique du nord est plus marqué qu’escompté cependant la reprise à l’international devrait être un véritable...
Underlying
Schoeller-Bleckmann Oilfield Equipment AG

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.

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
Baptiste Lebacq

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