Report
Geoffroy Michalet

SMCP : 2024 : le bout du tunnel ? Surperformance vs Neutre, OC 5.6 € vs 3.5 €

Après 3 ans d’histoires actionnariales qui auront gâché l’equity story, le jugement et l’ordonnance de juillet enlèvent un poids majeur et augmentent la spéculation sur le titre. Si la conjoncture du marché du textile est difficile, SMCP traite à des niveaux de valorisation qui ne reflètent pas ses performances opérationnelles honorables au regard du contexte. Nous passons à Surperformance (vs Neutre) et augmentons notre OC à 5.6 € vs 3.5 €. - >Une histoire actionnariale c...
Underlying
SMCP SA

SMCP is engaged in the apparel and accessories retail market. Co.'s products are sold through a network of points of sale and websites. Co.'s product range is composed of on-trend and quality womenswear, menswear and accessories. Co.'s three brands can be characterized as follows: Sandro, targeted at sophisticated and self-confident women with a sleek, cool sense of style and a Parisian nonchalance; Maje, a bohemian chic positioning, targeting a feminine and young-at-heart and joie de vivre clientele and Claudie Pierlot, characterized as Parisian-preppy, wise and with a rebel touch. Claudie Pierlot is focused on a timeless, effortless style.

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
Geoffroy Michalet

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